(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 228 (231, 275, 230, 261) *260 Sold: 137 (138, 136, 128, 122) *116 Sale To Listing Ratio: 60% (60%, 50%, 56%, 47%) *45% Price Changes: 142 (144, 113, 136, 122) *135 Conditional Sale: 174 (177, 151, 156, 158) *174 Expired/Cancelled/Withdrawn: 62 (135, 65, 46, 56) *114 Total Active Halifax/Dartmouth Inventory: 1,745 (1,756, 1,840, 1,781, 1,769) *1,499 Absorption Rate: 13 (13, 15, 14, 13) *13 Single Family Home Stats Active Single Family Home: 888 (890, 938, 895, 874) *768 Average Single Family Home List Price: $587,592 ($658k, $592k, $582k, $592k,) *$555k Average Single Family Home Selling Price: $579,065 ($559k, $593k, $581k, $594k) *$561k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $563,900 ($568k,$565k,$560k,$565k) *$529k Median Single Family Home Sold Price(6 mo):$565,000 ($569k,$565k,$560k,$565k)*$545k Average Days on Market Single Family Home: 25 (28, 31, 27, 27) *23 Condo Stats Active Condos: 147 (147, 158, 147, 140) *129 Average Condo Listing Price: $447,426 ($486k, $432k, $515k, $599k) *$462k Average Condo Selling Price: $451,386 ($479k, $432k, $511k, $610k) *$460k Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%, 102%) *99% Median Condo List Price (6 mo): $439,950 ($440k, $440k, $443k, $440k) *$430k Median Condo Sold Price (6 mo): $442,000 ($440k, $440k, $442k, $440k) *$440k Average Days on Market Condos: 33 (46, 19, 24, 12) *13 Active Vacant Lots: 494 (506, 513, 513, 518) *423 Market Rant The Halifax/Dartmouth market continues its dynamic pace, with new listings and sales maintaining steady momentum. Single-family homes remain a reliable segment, showing consistency in both list and sale prices, with most homes selling at 99% of their asking price. Buyers are still active, and while prices have slightly adjusted, the market remains competitive with properties moving relatively quickly at just 25 days on average. Condos, on the other hand, are showing resilience with a notable 101% sale-to-list ratio, meaning sellers are benefiting from strong demand. While the average listing and selling prices have seen some fluctuations, the condo market remains a key player for buyers seeking more affordable options with minimal price variation over the past months. The vacant lot market is stable, with a slight reduction in inventory, but still enough to meet demand. The overall absorption rate of 13 suggests the market remains balanced, neither heavily favoring buyers nor sellers. In summary, the Halifax/Dartmouth real estate market remains robust with steady activity across all segments. With consistent buyer interest and reasonably priced inventory, it’s clear that this market is positioned for continued resilience and opportunity in the coming weeks. Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Comments are closed.
|
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
Archives
October 2024
Categories
All
|