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Halifax (HRM) Residential Statistic Update for the Week of January 23rd - 30th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 204 (194, 229, 170) *175 Sold: 125 (89, 76, 90) *94 Sale To Listing Ratio: 61% (46%, 33%, 53%) *54% Price Changes: 62 (47, 51, 75) *75 Listings that went conditional/pending: 163 (148, 137, 108) *133 Expired/Cancelled: 50 (57, 51, 70) *98 Total Active Halifax/Dartmouth Inventory: 2,127 (2,148, 2,156, 2,113) +3,091 Absorption Rate in weeks: X (X, X, X) *X Single Family Home Stats Active Single Family Home: 1,068 (1,080, 1,088, 1,059) *1,648 Average Single Family Home List Price: $341,367 ($368k, $365k, $359k) *$356k Average Single Family Home Selling Price: $340,098 ($364k, $353k, $349k) *$349k Single Family Home Sale to List Ratio This Week: 99% (99%, 97%, 97%) *98% Median Single Family Home List Price (6 mo): $314,900 ($315k, $315k, $315k)*$289k Median Single Family Home Sold Price (6 mo):$308,900 ($310k, $309k, $308k)*$280k Average Days on Market Single Family Home: 70 (62, 65, 109) *77 Condo Stats Active Condos: 140 (144, 142, 138) *241 Average Condo Listing Price: $240,640 ($301k, $289k, $320k) *$232k Average Condo Selling Price: $235,780 ($294k, $287k, $315k) *$227k Condo Sale to List Ratio This Week: 98% (98%, 99%, 99%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $249k) *$240k Median Condo Sold Price (6 mo): $241,000 ($240k, $240k, $240k) *$232k Average Days on Market Condos: 20 (64, 69, 118) *120 Active Vacant Lots: 766 (768, 773, 764) *942 Market Rant Looks like yet another week of inventory reductions! All tracked products across the board had reductions this week, chipping away at the little inventory we have left. A few more additions to the market than last year at this time, but they were met with an effect negating sales count. Speaking of high sales, it looks like we should see that number balloon in a couple weeks, once the properties that went pending this week make their way through the due diligence process and firm up (marked sold). That is a significantly larger number than last year at this time, which is likely helping keep the inventory low. Expired and cancelled listings reported low again this week, which isn't a huge surprise given that a lot of products are selling right out of the gate, so less listings that need tweaking as they sit on the market. Values remain steady and strong this week, with little change in either direction to mention. Likely, these values will steadily increase as the year goes on, but we may see a value surge like we did last year, seeing the 6 month median price jump over $10k in a few months in such a short timespan for single family homes... crazy. Interesting times ahead, so stay tuned to the blog to stay on top of the ever changing market! Thanks for stopping by! The Weekly Adogtable! Choco ( 4 yrs old) . Spay, utd on vaccines and flea protection. Lab mix kids 8 + ideal to know how to respect a dogs space. Loves dogs. No cats./ Choco is anxious when she is the only pet , panics if crated but fine uncrated with another dog , not destructive. She was living on a first nation community with many other dogs so well socialized with them. She needs to always be on a leash or in a fenced yard cause she can run after squirrels or small animals. She loves humans she's very playful. Loves chuck it This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 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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