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Halifax (HRM) Residential Statistic Update for the Week of January 30th - February 6th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 246 (204, 194, 229, 170) *250 Sold: 114 (125, 89, 76, 90) *119 Sale To Listing Ratio: 46% (61%, 46%, 33%, 53%) *48% Price Changes: 67 (62, 47, 51, 75) *103 Listings that went conditional/pending: 167 (163, 148, 137, 108) *133 Expired/Cancelled: 88 (57, 51, 70) *168 Total Active Halifax/Dartmouth Inventory: 2,144 (2,127, 2,148, 2,156, 2,113) +3,074 Absorption Rate in weeks: 21 (X, X, X, X) *33 Single Family Home Stats Active Single Family Home: 1,092 (1,068, 1,080, 1,088, 1,059) *1,671 Average Single Family Home List Price: $352,092 ($341k,$368k, $365k,$359k) *$324k Average Single Family Home Selling Price: $338,069 ($340k,$364k, $353k, $349k) *$315k Single Family Home Sale to List Ratio This Week: 96% (99%, 99%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$289k Median Single Family Home Sold Price (6 mo):$309,000 ($309k,$310k,$309k,$308k)*$280k Average Days on Market Single Family Home: 67 (70, 62, 65, 109) *76 Condo Stats Active Condos: 143 (140, 144, 142, 138) *242 Average Condo Listing Price: $270,578 ($241k, $301k, $289k, $320k) *$307k Average Condo Selling Price: $265,350 ($236k, $294k, $287k, $315k) *$295k Condo Sale to List Ratio This Week: 98% (98%, 98%, 99%, 99%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $249k) *$240k Median Condo Sold Price (6 mo): $242,000 ($241k, $240k, $240k, $240k) *$232k Average Days on Market Condos: 60 (20, 64, 69, 118) *102 Active Vacant Lots: 764 (766, 768, 773, 764) *900 Market Rant And we're off! Well...maybe? Marginal gains in inventory this week, with single family homes seeing the most additions, but overall things are still lagging in this department. The biggest stat overall this week, like last week, is the listings that found them selves under agreement. Buyer activity is definitely way up over this time last year, and it seems to be holding. The absorption rate stat makes its return this week with a seasonal bloat of 3 extra weeks from the December 19th report, which is actually a small gain given the usually low market activity around this time of year. I guess this year has no intention of putting on the brakes anytime soon, cause despite the freezing temps and weekly storms, the market is still red hot! Makes you wonder what things will look like when the weather heats up too! Stay tuned to the blog to find out, and thanks for stopping by! The Weekly Adogtable! Owner surrender. Not sterilized so needs a spay shortly by us. 11 months old up to date on vaccinations (w/ health booklet) Dewormed. Very affectionate and playful Loves kids. Loves to play with other dogs but she is a bit too insistent. Knows basic commands but in exchange for a treat: sit, lie down, stay, paw, talk/speak Tables scraps make her sick. Knows not to approach the table at dinner time. Sleeps on the sofa at night (likes to be comfortable) A bit fearful, needs to be reassured Pulls on leash Gets into trash, nibble at objects/kid toys, etc. 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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