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9Halifax (HRM) Residential Statistic Update for the Week of February 6th -13th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 262 (246, 204, 194, 229) *248 Sold: 130 (114, 125, 89, 76) *114 Sale To Listing Ratio: 50% (46%, 61%, 46%, 33%) *46% Price Changes: 77 (67, 62, 47, 51) *80 Listings that went conditional/pending: 188 (167, 163, 148, 137) *153 Expired/Cancelled: 58 (88, 57, 51) *75 Total Active Halifax/Dartmouth Inventory: 2,156 (2,144, 2,127, 2,148, 2,156) +3,096 Absorption Rate in weeks: 19 (21, X, X, X) *30 Single Family Home Stats Active Single Family Home: 1,105 (1,092, 1,068, 1,080, 1,088) *1,657 Average Single Family Home List Price: $333,049 ($352k,$341k,$368k,$365k) *$331k Average Single Family Home Selling Price: $326,472 ($338k,$340k,$364k,$353k) *$324k Single Family Home Sale to List Ratio This Week: 98% (96%, 99%, 99%, 97%) *98% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$290k Median Single Family Home Sold Price (6 mo):$309,000 ($309k,$309k,$310k,$309k)*$280k Average Days on Market Single Family Home: 57 (67, 70, 62, 65) *66 Condo Stats Active Condos: 141 (143, 140, 144, 142) *254 Average Condo Listing Price: $274,784 ($271k, $241k, $301k, $289k) *$293k Average Condo Selling Price: $271,259 ($265k, $236k, $294k, $287k) *$285k Condo Sale to List Ratio This Week: 98% (98%, 98%, 98%, 99%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$240k Median Condo Sold Price (6 mo): $242,950 ($242k, $241k, $240k, $240k) *$232k Average Days on Market Condos: 78 (60, 20, 64, 69) *60 Active Vacant Lots: 760 (764, 766, 768, 773) *918 Market Rant Looks like a bit of a repeat week this week, as a repeating pattern in the stats presents itself as we approach the mid point of February. Average new listing additions, slightly elevated sales, and a slow increase to the overall inventory level seem to be the new norm, but the stat really making itself heard is the conditional/pending numbers that indicates buyer activity for the week, highlighting the sheer demand that we currently face in todays market. Didn't take too long to shave off a few weeks of the absorption rate, which tends to move rather slow in either direction throughout the year, except for this time of year where things are starting to balance themselves again. It seems to be happening much faster this year however, and is incredibly lower than this year at this time. The big driver is the amount of weekly sales we are still handling, coupled with the increased buyer activity snatching everything up as it hits the market. Last year had a bit of a slow start, but when it got going there was no stopping it. Looks like it has no intention of stopping anytime soon either! Stay tuned to the blog to stay on top of all things Halifax real estate, and thanks for stopping by! The Weekly Adogtable! Enzo has received basic vaccination + Bordetella + Advantage Multi 100. Double declaws on back legs, Calm in his kennel. Was a bit fearful/timid w/ staff at first but got better socialized and he is just fine now. Good w/ all physical manipulations, a bit more sensitive w/ rear end/hips/flanks. No resource guarding. Takes treats gently. Good w/ cats OK w/ kids Playful w/ dogs (big and small). Not interested in playing w/ toys at the moment. Knows basic commands: sit, paw, lie down. Pulls a lot on leash. High energy level. Separation anxiety but would do okay with a kid or doggy in home , daycare or someone who works from home. 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.. 
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