(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 275 (230, 261, 185, 205) *265 Sold: 136 (128, 122, 112, 148) *105 Sale To Listing Ratio: 50% (56%, 47%, 61%, 72%) *40% Price Changes: 113 (136, 122, 101, 102) *143 Conditional Sale: 151 (156, 158, 119, 177) *150 Expired/Cancelled/Withdrawn: 65 (46, 56, 98, 45) *47 Total Active Halifax/Dartmouth Inventory: 1,840 (1,781, 1,769, 1,761, 1,772) *1,547 Absorption Rate: 15 (14, 13, 13, 13) *15 Single Family Home Stats Active Single Family Home: 938 (895, 874, 890, 871) *808 Average Single Family Home List Price: $591,681 ($582k, $592k, $601k, $590k) *$561k Average Single Family Home Selling Price: $593,383 ($581k, $594k, $598k, $586k) *$566k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 99%, 99%) *103% Median Single Family Home List Price (6 mo): $564,900 ($560k,$565k,$565k,$565k) *$529k Median Single Family Home Sold Price(6 mo):$565,000 ($560k,$565k,$568k,$568k)*$543k Average Days on Market Single Family Home: 31 (27, 27, 28, 36) *29 Condo Stats Active Condos: 158 (147, 140, 138, 138) *122 Average Condo Listing Price: $431,578 ($515k, $599k, $468k, $492k) *$481k Average Condo Selling Price: $431,828 ($511k, $610k, $460k, $497k) *$480k Condo Sale to List Ratio This Week: 101% (99%, 102%, 98%, 101%) *99% Median Condo List Price (6 mo): $439,900 ($443k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $440,000 ($442k, $440k, $440k, $440k) *$430k Average Days on Market Condos: 19 (24, 12, 15, 19) *25 Active Vacant Lots: 513 (513, 518, 513, 527) *436 Market Rant The Halifax/Dartmouth real estate scene is buzzing with energy as the market continues to evolve. With new listings surging and inventory levels climbing, there's no shortage of options for buyers to dive into. Whether you're looking for a family home or a trendy condo, the market is ripe with opportunities. For sellers, the game is still on, and it's strong. The sale-to-list ratios are holding firm, with homes selling at or above asking prices, especially in the single-family sector. This week’s 101% sale-to-list ratio for single-family homes proves that buyers are ready to make competitive offers, keeping sellers in a prime position. Even condos are keeping pace with a 101% sale-to-list ratio, making it a good time to cash in if you're selling. Buyers, don’t blink! The average days on market may be ticking up slightly, but the homes that hit the sweet spot are still moving quickly. With more listings to choose from, patience might pay off—though the best deals are still being snapped up fast. All in all, Halifax/Dartmouth real estate is a dynamic market—full of movement, full of potential, and full of excitement. Whether you're here to buy, sell, or just observe, the market is keeping everyone on their toes, with plenty of action and opportunities ahead! 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.
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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
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