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Halifax (HRM) Residential Statistic Update for the Week of September 6th-13th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (208, 294, 255, 241) *322 Sold: 141 (126, 147, 146, 167) *156 Sale To Listing Ratio: 62% (61%, 50%, 57%, 69%) *48% Price Changes: 161 (143, 158, 153, 165) *222 Listings that went conditional/pending: 165 (135, 179, 158, 130) *180 Expired/Cancelled/Withdrawn: 89 (201, 142, 113, 68) *121 Total Active Halifax/Dartmouth Inventory: 4,031 (4,027, 4,194, 4,200, 4,213) +4,637 Absorption Rate in weeks: 29 (27, 26, 26, 25) *33 Single Family Home Stats Active Single Family Home: 2,288 (2,287, 2,392, 2,410, 2,420) *2,874 Average Single Family Home List Price: $336,224 ($333k,$318k,$314k,$301k) *$284k Average Single Family Home Selling Price: $323,292 ($323k,$308k,$303k,$292k) *$276k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%,97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($289k,$289k,$289k,$287k)*$279k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$281k,$281k,$280k)*$270k Average Days on Market Single Family Home: 67 (66, 69, 71, 66) *78 Condo Stats Active Condos: 330 (331, 357, 379, 377) *412 Average Condo Listing Price: $253,862 ($256k, $287k, $277k, $247k) *$220k Average Condo Selling Price: $244,293 ($249k, $282k, $267k) *$209k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 98%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($223k, $221k, $221k, $223k) *$230k Average Days on Market Condos: 122 (74, 118, 132, 56) *117 Active Vacant Lots: 1,069 (1,067, 1,084, 1,060, 1,071) *1,133 Market Rant I'm starting to wonder if the lacking buyer activity is actually sellers market influenced, by the lack of inventory and selection out there? Although things are still moving along, there seems to be some supply issues in key product types and areas. The Halifax peninsula is an obvious, but the big shortage seems to be in the starter home price bracket, which ranges from $180-$250k (approx). This price range of inventory is not only being snapped up in the core areas, but well beyond and deep into the municipalities. Seems to be a buyer backlog at this price point, and one that has yet to see pressure relief. This time of year generally sees less activity and a declining inventory, but that generally means that buyers have less competition and more of a selection. Not this year. The sales to list ratio has been reporting significantly higher in the last few weeks compared to last year, and the cause seems to be the continued lack of new listings, coupled with solid sales numbers. The sellers market in the city has been felt this year for sure, and it appears as though the reach is starting to increase. Stay tuned to see what the Fall market will bring! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Otis! This lifelong bachelor is looking to enjoy his retirement years in a quiet home with a family who can give him the patience and and bonding time that he needs. Otis is famous at Homeward Bound for his "grumpy old man" personality, so a calmer environment would be just the ticket for this senior fella! Otis would be best suited to a home: -Without other pets -With children over the age of 12 years -No apartments This "cuddly companion" is available through Homeward Bound City Pound, 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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