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Halifax (HRM) Residential Statistic Update for the Week of November 21st - 28th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 154 (151, 211, 221, 195) *191 Sold: 149 (141, 157, 174, 153) *98 Sale To Listing Ratio: 97% (93%, 74%, 79%, 79%) *67% Price Changes: 103 (84, 95, 96, 142) *73 Listings that went conditional/pending: 138 (155, 158, 188, 183) *109 Expired/Cancelled: 62 (60, 69, 199, 83) *75 Total Active Halifax/Dartmouth Inventory: 2,601 (2,657, 2,721, 2,722, 2,788) +3,622 Absorption Rate in weeks: 17 (17, 17, 17, 18) *35 Single Family Home Stats Active Single Family Home: 1,336 (1,372, 1,437, 1,444, 1,484) *1,975 Average Single Family Home List Price: $373,224 ($381k,$389k,$347k,$352k) *$342k Average Single Family Home Selling Price: $364,652 ($371k,$375k,$340k,$344k) *$335k Single Family Home Sale to List Ratio This Week: 98% (97% 96%, 98%, 98%) *98% Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$286k Median Single Family Home Sold Price (6 mo):$305,000 ($305k,$304k,$305k,$305k)*$280k Average Days on Market Single Family Home: 66 (66, 83, 66, 58) *82 Condo Stats Active Condos: 187 (195, 194, 190, 184) *333 Average Condo Listing Price: $291,981 ($240k, $239k, $225k, $266k) *$241k Average Condo Selling Price: $289,702 ($234k,$232k, $224k, $259k) *$235k Condo Sale to List Ratio This Week: 99% (98%, 97%, 99%, 98%) 98% Median Condo List Price (6 mo): $245,000 ($249k, $248k, $250k, $250k) $230k Median Condo Sold Price (6 mo): $238,750 ($239k, $239k, $240k, $240k) *$225k Average Days on Market Condos: 35 (57, 57, 46, 67) *64 Active Vacant Lots: 874 (880, 878, 868, 897) *1,031 Market Rant And just like that, another market month is in the books. Generally a slow month year to year, November this year decided to change a few things and really prove this current market climate has some legs. The inventory hits keep on coming with another decent week of reductions, but this annual trend will continue until it hits the the floor at the end of December, so this is not out of the ordinary. The question is, will it get back up again in the new year, or will it stay down for the count? If we have another year like this year in 2020, things could get get quite dicey for buyers. It was already challenging enough for buyers to find an option this year, with many areas seeing prices skyrocketing over multi-offer situations (something that Halifax is generally not as susceptible as the big markets tend to be), and the rock bottom vacancy rate compounded the issue. Woes that are likely to continue into the new year if things don't start changing sometime soon, I mean, just look at that sales to list ratio again this week. I think we will get a really good idea of how the market will perform right out of the gate next year. January usually sets the signal fire for listings to come to market and give notice to buyers that the search must press on. We will have to wait to see which way the scales tip in the new year, and the blog will have you covered with updates as things go! Thanks for stopping by! The Weekly Adogtable Up to date on vaccines + Bordetella Dewormed. Up to date on Flea and tick medications. 60lbs + (low weight) Very friendly with people. Energetic and attentive Loves the water, loves to play ball Not recommended with young kids due to food obsession. Good on leash. Not good with small dogs noted prey drive. Not good with unneutered male dogs nor dominant males. Good with female dogs. House trained Knows basic commands: sit, shake, laydown and roll over. 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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