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Halifax (HRM) Residential Statistic Update for the Week of January 2nd - 9th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 170 () *233 Sold: 90 () *64 Sale To Listing Ratio: 53% () *29% Price Changes: 75 () *86 Listings that went conditional/pending: 108 () *105 Expired/Cancelled: 70 () *94 Total Active Halifax/Dartmouth Inventory: 2,113 () +3,133 Absorption Rate in weeks: X () *X Single Family Home Stats Active Single Family Home: 1,059 () *1,683 Average Single Family Home List Price: $358,462 () *$359k Average Single Family Home Selling Price: $349,195 () *$350k Single Family Home Sale to List Ratio This Week: 97% () *98% Median Single Family Home List Price (6 mo): $314,900 ()*$285k Median Single Family Home Sold Price (6 mo):$308,250 ()*$279k Average Days on Market Single Family Home: 109 () *108 Condo Stats Active Condos: 138 () *253 Average Condo Listing Price: $319,900 () *$236k Average Condo Selling Price: $315,000 () *$229k Condo Sale to List Ratio This Week: 99% () 97% Median Condo List Price (6 mo): $249,000 () *$235k Median Condo Sold Price (6 mo): $240,000 () *$225k Average Days on Market Condos: 118 () *112 Active Vacant Lots: 764 () *904 Market Rant Only going up from here, right? Surprisingly enough, this week looks a lot like it did at the same time last year. The big difference is what was mentioned below in the 2019 market wrap up, the inventory. Well, that and the median prices. Only a measly 138 condo options for sale across HRM right now (excluding private sales), which doesn't give buyers much to look at. Fortunately, annual trend says that we should see increases in volume of inventory across all tracked products in the very near future. Sure, the weather isn't encouraging sellers to polish up the home to sell, nor make buyers excited to get out there and have look, but the show must go on! We are staring out 2020 with the lowest amount of inventory in over 13 years (could be longer), and we still have a bulk of buyers waiting on the sidelines for their chance at a worthy property. Of course, this is only the first month of the market year, so much like December, there are several factors at play to keep activity low. If you haven't seen the 2019 market year in review with some graphics to show the changes, scroll down and have a look. If you are thinking of buying or selling this year, it's definitely a must read. Thanks for stopping by! The Weekly Adogtable Leo is a smart, sweet, energetic boy. He had a very rough life and needs a family dedicated to helping him become his best self. He's very obedient and is quite a fast learner. He already knows a couple basic commands and will do anything for a cookie! Leo easily gets overstimulated and jumpy around toys and people, so he needs someone that can teach him his manners. Leo's ideal home: - With people over 16 years of age - No other animals - Experienced dog owners preferred Obedience training is mandatory and we know he will thrive with the training. He's incredibly loyal and is the perfect dog to hit the trails with and play some serious games of fetch. Proof of registration in obedience class is required for adoption. This "cuddly companion" is available through Homeward Bound City Pound, 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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