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tHalifax (HRM) Residential Statistic Update for the Week of July 25th - August 1st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 270 (302, 322, 333, 333) *309 Sold: 198 (205, 181, 197, 208) *176 Sale To Listing Ratio: 73% (68%, 56%, 60%, 63%) *57% Price Changes: 167 (205, 190, 161, 167) *198 Listings that went conditional/pending: 204 (220, 217, 242, 201) *219 Expired/Cancelled: 134 (94, 100, 103, 192) *183 Total Active Halifax/Dartmouth Inventory: 3,263 (3,323, 3,357, 3,341, 3,348) +4,195 Absorption Rate in weeks: 17 (17, 17, 16, 16) *24 Single Family Home Stats Active Single Family Home: 1,858 (1,888, 1,903, 1,883, 1,877) *2,409 Average Single Family Home List Price: $337,756 ($355k, $326k,$321k,$334k) *$315k Average Single Family Home Selling Price: $328,238 ($345k,$317k,$316k,$329k) *$305k Single Family Home Sale to List Ratio This Week: 97% (97%, 98%, 99%, 99%) *97% Median Single Family Home List Price (6 mo): $299,950 ($300k,$299k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$290k,$298k,$299k)*$281k Average Days on Market Single Family Home: 51 (51, 37, 51, 70) *88 Condo Stats Active Condos: 213 (213, 223, 225, 242) *381 Average Condo Listing Price: $249,952 ($267k, $243k, $279k, $308k) *$211k Average Condo Selling Price: $244,310 ($260k, $241k, $271k, $301k) *$208k Condo Sale to List Ratio This Week: 97% (97%, 99.5%, 97%, 98%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $241,000 ($241k, $240k, $221k, $241k) *$223k Average Days on Market Condos: 38 (38, 31, 79, 56)*100 Active Vacant Lots: 937 (947, 953, 949, 947) *1,055 Market Rant Inventory is on the decline! By the time August hits, we are usually in a consistent inventory decline trend, and this year is really no different despite the sizzling market. It was a higher than average reduction this week, but Summer months are notoriously sluggish, so the season is just following the norm. Some of the contributing factors include a streak busting sub 300 new listing addition, slightly lower buyer activity, elevated expired/cancelled listings (higher cancelled listings than normal, which I found interesting), and the overall trend of the season. Although the 6 month value averages had a very small increase, the weekly value rates reported a bit lower than last week as well. Bit of a sleepy time of year, but I suppose it's good to catch your breath at some point. When I say sleepy, the activity is still higher than previous years, by a lot, and just take a look at that a sales to list ratio. So the foots off the gas slightly, but no one seems to be pumping the breaks anytime soon. Thanks for stopping by! The Weekly Adogtable!! Oliver was found as a stray that is initially reserved of strangers. His personality is so incredibly sweet and curious, and his vocal side is enough to make you laugh. He can be destructive (puppy behavior) but not to worry, he is kennel trained. He is playful with toys, and seems OK with dogs, but will test more to be sure. He exhibits typical puppy behavior such as jumping on people and pulling on leash but with a little love and guidance these behaviors are easily curbed. It helps that he is so treat motivated! This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. 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.. 
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