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Halifax (HRM) Residential Statistic Update for the Week of September 27th - October 4th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (285, 280, 227, 208) *315 Sold: 138 (174, 167, 141, 126) *124 Sale To Listing Ratio: 51% (61%, 60%, 62%, 61%) *40% Price Changes: 174 (172, 163, 161, 143) *190 Listings that went conditional/pending: 154 (164, 176, 165, 135) *162 Expired/Cancelled/Withdrawn: 274 (127, 111, 89, 201) *301 Total Active Halifax/Dartmouth Inventory: 3,894 (4,030, 4,026, 4,031, 4,027) +4,500 Absorption Rate in weeks: 25 (27, 28, 29, 27) *32 Single Family Home Stats Active Single Family Home: 2,186 (2,258, 2,283, 2,288, 2,287) *2,750 Average Single Family Home List Price: $345,978 ($308k,$303k,$336k,$333k) *$289k Average Single Family Home Selling Price: $337,508 ($299k,$295k,$323k,$323k) *$277k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 96%, 97%) *96% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$290k,$289k)*$275k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$283k,$283k,$282k)*$270k Average Days on Market Single Family Home: 70 (53, 56, 67, 66) *94 Condo Stats Active Condos: 319 (329, 328, 330, 331) *407 Average Condo Listing Price: $244,400 ($213k, $323k, $254k, $256k) *$294kk Average Condo Selling Price: $237,830 ($206k, $314k, $244k) *$281k Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%) 96% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($221k, $221k, $221k,$223k) *$236k Average Days on Market Condos: 112 (79, 105, 122, 74) *115 Active Vacant Lots: 1,043 (1,071, 1,067, 1,069, 1,067) *1,106 Market Rant Dropping like flies! It is a usual event for the inventory to start dropping off at an accelerated rate, but with the way the market has been this year, I was thinking things may have been different. Business as usual this week however, as the market falls into annual trend. Speaking of trend, there seems to be an activity falloff right before the Thanksgiving long weekend. After a couple weeks of sale surge, we fell a bit short this week, and if the trend holds true, then this lesser report should repeat next week. It appears that a number of properties decided to throw in the towel this week as well, which was contributing factor to the inventory reduction. It is the end of the month engagement/renewal time, and as we approach the end of the year, more and more sellers will want to reevaluate a property that has not sold and decide to keep in the game, or wait it out until the market can absorb their property. We still have quite the edge on last years market though, with much less inventory, an impressive absorption rate, increased values, and shorter time on market. I think the market still has a few surprises left this year, so stay tuned to find out if that is the case! Thanks for stopping by, and don't forget to hit the LIKE button at the end of the post! The Weekly Adogtable! Meet Shyla! Very petite terrier mix Name: Shyla Age: 14 months old Sex: female Needs a spay and chip shortly on us. Up to date on all vaccines Size: petite Color: black and white and some brindle Weight: 25-30 lbs Temp: sweet and very loving and mischievous. Housetrained Loves her kong and needs strong chew toys Cats :unknown Dogs:yes Kids: yes No fears 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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