Halifax (HRM) Residential Statistic Update for the Week of March 26th - April 2nd, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 196 (215, 301, 336, 275) *408 Sold: 140 (158, 182, 158, 170) *147 Sale To Listing Ratio: 71% (74%, 60%, 47%, 62%) *36% Price Changes: 47 (75, 84, 55, 55) *143 Listings that went conditional/pending: 116 (156, 214, 224, 193) *214 Expired/Cancelled/Withdrawn: 84 (66, 58, 73, 72) *161 Total Active Halifax/Dartmouth Inventory: 2,194 (2,189, 2,184, 2,169, 2,148) +3,204 Absorption Rate in weeks: 14 (13, 13, 14, 14) *22 Single Family Home Stats Active Single Family Home: 1,177 (1,163, 1,155, 1,147, 1,102) *1,780 Average Single Family Home List Price: $348,759 ($369k,$359k,$393k,$323k) *$366k Average Single Family Home Selling Price: $345,517 ($367k,$357k,$390k,$316k) *$356k Single Family Home Sale to List Ratio This Week: 99% (99%,99%, 99%, 98%) *97% Median Single Family Home List Price (6 mo): $315,900 ($315k,$315k,$315k,$313k)*$290k Median Single Family Home Sold Price (6 mo):$314,663 ($315k,$310k,$310k,$309k)*$284k Average Days on Market Single Family Home: 47 (36, 43, 59, 66) *71 Condo Stats Active Condos: 142 (142, 146, 137, 131) *248 Average Condo Listing Price: $264,657 ($301k, $348k, $370k, $323k) *$314k Average Condo Selling Price: $264,182 ($300k, $351k, $376k,$316k) *$304k Condo Sale to List Ratio This Week: 99% (99%, 100%, 101%, 98%) 97% Median Condo List Price (6 mo): $252,500 ($260k, $255k, $251k, $250k) *$248k Median Condo Sold Price (6 mo): $249,900 ($254k, $249k, $248k, $242k) *$241k Average Days on Market Condos: 61 (20, 56, 78, 44) *60 Active Vacant Lots: 740 (740, 735, 743, 762) *923 Market Rant The Halifax real estate train continues to slow down this week, but the brakes have not been fully applied yet. We are seeing significant reduction in activity though, to the tune of over 50% from this time last year in some cases, like the listings coming to market, and the listings that received and accepted offers as noted by the conditional/pending stat, which means buyer activity is also down. Still, there was almost as many properties that did go under contract this week as this time last year, and the absorption rate is still way down despite gaining a week this week, so there is still life out there! Of course, that is a stat that takes a long time to reflect the current market conditions, but quick changes can show immediate impacts of changing tides. Inventory made a slight gain overall, but not much, and the anticipation is that we will keep limping along like this until things start to return to a semblance of what we recognize as our way of life. Still, I do believe this will be a long haul event, that new protocols and measures will need to be taken to continue our due diligence in the fight against the spread of the virus. These small inconveniences will hopefully be embraced by the industry, and other industries, as we will have to adapt to be able to continue providing even a basic service like selling someones home. Thanks for stopping by, stay safe, and stay tuned to the blog for all things Halifax real estate! The Weekly Adogtable!Max was surrendered with his sister Chanelle. They are a bonded pair and must be kept together. They have always lived in the country, were kept outside but were allowed in the house at night. They are clean and quiet inside. No cats. No other dogs (Max is protective of Chanelle). No kids for now (need to be assessed with kids). They are shy, friendly and affectionate with people (have never met kids before). City life (noise, traffic) is too stimulating for them - they have never been around a busy environment so would need a rural setting. These two absolutely love each other and enjoy playing together. They experience anxiety when separated. Slight guarding of food (they take their food away from what they see as a threat). Max is more greedy with food so they are separated for meal time because he tries to steal Chanelle's food. No separation anxiety. Not crate trained but they are house trained. 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.. ListingsPhoto's by Jeremiah
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