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Halifax (HRM) Residential Statistic Update for the Week of November 23rd - 29th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 147 (167, 202, 268, 233) *191 Sold: 98 (104, 99, 111, 121) *134 Sale To Listing Ratio: 67% (62%, 49%, 41%, 50%) *70% Price Changes: 73 (113, 101, 126, 165) *107 Listings that went conditional/pending: 109 (128, 134, 147, 140) *127 Expired/Cancelled/Withdrawn: 75 (96, 100, 203, 281) *105 Total Active Halifax/Dartmouth Inventory: 3,622 (3,645, 3,704, 3,732, 3,731) +4,057 Absorption Rate in weeks: 35 (34, 33, 31, 31) *32 Single Family Home Stats Active Single Family Home: 1,975 (1,990, 2,042, 2,078, 2,089) *2,256 Average Single Family Home List Price: $342,100 ($320k,$329k,$336k,$292k) *$319k Average Single Family Home Selling Price: $335,211 ($310k,$320k,$321k,$281k) *$311k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 96%, 96%) *97% Median Single Family Home List Price (6 mo): $286,450 ($285k,$289k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 82 (85, 101, 115, 63) *90 Condo Stats Active Condos: 333 (338, 312, 318, 313, 315) *399 Average Condo Listing Price: $240,950 ($221k, $286k, $253k, $287k) *$262k Average Condo Selling Price: $234,975 ($217k, $281k, $246k, $277k) *$231k Condo Sale to List Ratio This Week: 98% (98%, 98%, 97%, 96%) 88% Median Condo List Price (6 mo): $230,000 ($231k, $235k, $233k, $230k) *$245k Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $225k, $224k) *$236k Average Days on Market Condos: 64 (57, 51, 87, 155) *83 Active Vacant Lots: 1,031 (1,034, 1,031, 1,023, 1,027) *1,016 Market Rant The inventory reductions continue again this week, even if slightly, and new additions hit below average as we continue our trudge into the cold season. As a matter of fact, all activity is slightly lower than average again this week, including overall sales and properties that received and accepted offers. Could just be the adjustment to getting out in this unseasonably cold weather, or maybe the stats are trending in a different direction. Hard to tell right now, and using this Fall market history is a bit tuff since the reports have been so hot and cold. What else is down, however, are the usually high performing numbers if the market is taking a turn. Stats like the expired/cancelled pile and price changes are usually at a peak performance when inventory is stuck in a rut, but these are also reporting below average. With all the above considered, you could likely just pass it off as yet another soft week, but then you see the absorption rate, which climbed again this week and took a stride on this time last year, which makes you wonder. Hopefully the indication of trend or anomaly emerges soon, so stay tuned to the blog to see the conclusion! Thanks for stopping by! The Weekly Adogtable! Meet Chuck! Weight: 48 lbs. Up to date on vaccines, De wormed, On Flea / tick medications. Can touch him all over when crated: barks, excited greeting (barks), when given food eats immediately Good with dogs: excited, playful outgoing disposition outgoing with strangers protective in presence of food pulls a lot on leash knows commands: sit vocal No cats but wont hurt just torments them barking at them. He's very kind with people, but excited. Testing has proven no resource guarding with food nor toys. 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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