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Halifax (HRM) Residential Statistic Update for the Week of October 24th - 31st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 195 (262, 212, 283, 243) *244 Sold: 153 (172, 142, 158, 164) *121 Sale To Listing Ratio: 79% (66%, 67%, 56%, 67%) *50% Price Changes: 142 (137, 137, 157, 127) *165 Listings that went conditional/pending: 183 (204, 185, 183, 166) *140 Expired/Cancelled: 83 (75, 94, 85, 210) *281 Total Active Halifax/Dartmouth Inventory: 2,788 (2,902, 2,934, 2,989, 2,981) +3,731 Absorption Rate in weeks: 18 (18, 18, 17, 17) *31 Single Family Home Stats Active Single Family Home: 1,484 (1,555, 1,609, 1,625, 1,624) *2,189 Average Single Family Home List Price: $351,660 ($339k,$317k,$353k,$351k) *$292k Average Single Family Home Selling Price: $344,236 ($333k,$314k,$346k,$336k) *$281k Single Family Home Sale to List Ratio This Week: 98% (98%, 99%, 98%, 96%) *96% Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$309k$308k)*$289k Median Single Family Home Sold Price (6 mo):$305,000 ($305k,$304k,$302k,$301k)*$280k Average Days on Market Single Family Home: 58 (65, 58, 60, 68) *63 Condo Stats Active Condos: 184 (193, 199, 207, 199) *313 Average Condo Listing Price: $265,685 ($273k, $228k, $258k, $300k) *$287k Average Condo Selling Price: $259,150 ($276k, $226k, $243k, $270k) *$277k Condo Sale to List Ratio This Week: 98% (98%, 99%, 94%, 90%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) $230k Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $241k, $243k) *$224k Average Days on Market Condos: 67 (72, 61, 38, 78) *155 Active Vacant Lots: 897 (918, 891, 906, 901) *1,027 Market Rant Oh so close! Another solid week of inventory loss has caused the gap between this year and last to grow, and it is just that close to reaching a 1000 unit spread. That's a pretty significant inventory loss overall in a very short time. All tracked products did see reduction this week with single family homes taking the largest hit, continuing the void of this missing inventory that is still being felt across the region. Nothing is really coming to market either. It has been week after week of lower than average listing additions and higher than average sales numbers, so that minimal trickle to the market is being snapped up fairly quickly. Average home sales still sit around the two month mark for single family homes, and ten weeks (respectively) for condos. Both products are seeing their time on market durations shrink as well, which is in direct relation to the current market environment. Activity does seem to be waining on the front lines though, so I anticipate seeing that reflected in the coming reports in the weeks ahead. Make sure to stop by to see if my prediction is right, and thanks for stopping by! The Weekly Adogtable  Trapper is a ~1 year old neutered male rottie/shepherd mix. He would prefer a home with adults only. Obedience is mandatory for his new owner(s) as he is still a puppy. This puppies body is growing faster than his puppy brain but Trapper is eager to learn and please. Trapper needs a dog experienced, patient owner who can help him achieve his full potential which we believe could be a well mannered, loyal best friend. This guy is a big, bouncy boy but he settles well and enjoys interacting with his people. He will seek out your affection and have a toy ready for a good game of fetch. If you would like to meet Trapper and take him for a walk, please come prepared with appropriate footwear. Trapper is waiting to meet you! This "cuddly companion" is available through the NS SPCA, 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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