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Halifax (HRM) Residential Statistic Update for the Week of June 4th-11th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 282 (355, 320, 251, 194) *335 Sold: 220 (186, 161, 132, 120) *234 Sale To Listing Ratio: 78% (54%, 53%, 53%, 62%) *70% Price Changes: 89 (91, 66, 61, 70)*161 Listings that went conditional/pending: 302 (280, 242, 195, 169) *231 Expired/Cancelled/Withdrawn: 48 (96, 31, 38, 40) *137 Total Active Halifax/Dartmouth Inventory: 2,041 (2,095, 2,132, 2,115, 2,086) +3,363 Absorption Rate in weeks: 12 (14, 16, 17, 18) *15 Single Family Home Stats Active Single Family Home: 1,068 (1,120, 1,130, 1,039, 1,099) *1,886 Average Single Family Home List Price: $370,769 ($377k,$383k,$377k,$371k) *$346k Average Single Family Home Selling Price: $371,734 ($377k,$377k,$373k,$368k) *$338k Single Family Home Sale to List Ratio This Week: 100% (100%,98%, 99%, 99%) *98% Median Single Family Home List Price (6 mo): $326,450 ($325k,$325k,$324k,$320k)*$300k Median Single Family Home Sold Price (6 mo):$325,000 ($325k,$320k,$320k,$320k)*$295k Average Days on Market Single Family Home: 61 (11, 67, 63, 60) *54 Condo Stats Active Condos: 161 (165, 165, 153, 148) *252 Average Condo Listing Price: $262,129 ($263k, $266k, $274k, $255k) *$292k Average Condo Selling Price: $260,765 ($259k, $264k, $271k, $247k) *$288k Condo Sale to List Ratio This Week: 99% (98%, 99%, 97%, 97%) 99% Median Condo List Price (6 mo): $275,000 ($274k, $269k, $265k, $269k) *$250k Median Condo Sold Price (6 mo): $275,000 ($273k, $263k, $259k, $263k) *$240k Average Days on Market Condos: 24 (36, 23, 68, 54)*72 Active Vacant Lots: 675 (675, 699, 693, 707) *949 Market Rant Still taking steps backwards in the inventory department, which is certainly not helping any buyer our there right now. Almost all areas of the HRM are firmly entrenched in a sellers market, and it seems to be getting more challenging by the day. Buyer frustration has hit an all time high, and there are now new complications for them to hurdle like shorter viewing windows over a shorter market exposure time, which means that some buyers aren't even able to get into see a home due to lack of appointment slots available. There is also a sense of desperation from out of province buyers who are purchasing property site unseen since there is no longer the ability to visit thanks to the current restrictions in place. By coming in from other provinces, these buyers are also tending to bid higher than local residents given the average home prices here are lower than where they are relocating from, so property here seems like a deal anyways. Our sales numbers are almost in line with our somewhat normal market of last year at this time, but our inventory additions are still lacking, contributing to the current frenzy. Just look at the number of listings that went pending this week! It's actually significantly higher that last year at this time regardless of the environment we find ourselves in. It really is something out there right now, so buyers and sellers should prepare themselves for these new factors involved with buying or selling a property. Add COVID-19 to the top of that, and it's that much more complicated these days. We are wading through it though, and I encourage you to stay tuned to the blog to stay on top of our ever changing market. Thanks for stoping by, and stay safe out there! The Weekly Adogtable! Hello everyone! My name is Hank and I am a 3 year old Amstaff mixing weighing around 65lbs. I am a local surrender and am ready to find my forever home! I have met a few dogs and I usually end up barking at them and getting myself wound up. I try to guard my toys against dogs my size or smaller as well so I think it might be better if I'm the only dog in the house but that's fine it just means more attention for Hanko! My foster family does have cats and we get along for the most part but I do have some issues with guarding food and the cats do not really understand this so I have snapped to keep them away. I think I'd be happiest without cats in my forever home just to be safe for everyone. I have met a few kids but I am a very strong guy and where I do have guarding issues I would want my forever home to have kids older than 15 just to be safe. I am completely housetrained and have never had an accident! I am good to be left home alone but I am crate trained just incase! I am a good boy in the car and will just lay down after a few minutes so I'll be happy to go for a drive! I love going for walks but I do pull when I get a good a good scent. When I use my easy walk harness I do MUCH better and it is a much easier walk for everyone! I know sit, down, stay and wait to eat my food. I love treats when we are inside with minimal distractions but if we go outside there are usually just too many other exciting things happening! I love playing with balls the most but I haven't quite figured out if I drop it that you will throw it again for me. I also love to play tug a war but just make sure to pick something strong! When I play with a ball or toy I can be very noisy but as far as my foster parents can tell I'm just having a lot of fun and am a happy boy! My favorite things are giving kisses, getting belly rubs and trying to get as close to my humans as possible if we are together! I will usually sleep on the big bed with the humans at first but make my way to the couch for most of the night. Are you my forever home? My adoption fee is a $400 donation to help save more dogs like me. I am neutered, vaccinated and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt. This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, a non profit rescue organization from 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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