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Halifax (HRM) Residential Statistic Update for the Week of June 11th-18th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 350 (282, 355, 320, 251) *340 Sold: 245 (220, 186, 161, 132) *205 Sale To Listing Ratio: 70% (78%, 54%, 53%, 53%) *60% Price Changes: 141 (89, 91, 66, 61)*173 Listings that went conditional/pending: 287 (302, 280, 242, 195) *254 Expired/Cancelled/Withdrawn: 39 (48, 96, 31, 38) *57 Total Active Halifax/Dartmouth Inventory: 2,068 (2,041, 2,095, 2,132, 2,115) +3,381 Absorption Rate in weeks: 10 (12, 14, 16, 17) *16 Single Family Home Stats Active Single Family Home: 1,074 (1,068, 1,120, 1,130, 1,039) *1,904 Average Single Family Home List Price: $362,939 ($371k,$377k,$383k,$377k) *$349k Average Single Family Home Selling Price: $362,812 ($372k,$377k,$377k,$373k) *$342k Single Family Home Sale to List Ratio This Week: 100% (100%,100%,98%, 99%) *98% Median Single Family Home List Price (6 mo): $328,000 ($327k,$325k,$325k,$324k)*$300k Median Single Family Home Sold Price (6 mo):$325,000 ($325k,$325k,$320k,$320k)*$296k Average Days on Market Single Family Home: 38 (61, 11, 67, 63) *59 Condo Stats Active Condos: 165 (161, 165, 165, 153) *250 Average Condo Listing Price: $294,810 ($262k, $263k, $266k, $274k) *$286k Average Condo Selling Price: $294,721 ($261k, $259k, $264k, $271k) *$277k Condo Sale to List Ratio This Week: 100% (99%, 98%, 99%, 97%) 97% Median Condo List Price (6 mo): $273,950 ($275k, $274k, $269k, $265k) *$250k Median Condo Sold Price (6 mo): $273,000 ($275k, $273k, $263k, $259k) *$240k Average Days on Market Condos: 17 (24, 36, 23, 68)*66 Active Vacant Lots: 676 (675, 675, 699, 693) *948 Market Rant The Spring market is finally here, too bad its almost Summer! Better late than never though, and I think there was a pretty good reason for the hold up. Now that even more restrictions have been loosened, the gloves are off it seems, and finally listings are trickling to market! It's still dog eat dog out there though, and it would seem that multiple offers are now just a regular event now, and a source of pure frustration for buyers. Elevated stats across the board really, and starting to increase pace over this time last year, which was to be expected when things finally started to get back to some form of normalcy. Still, some of the long term stats, like the absorption rate and average days on market are reporting better now than at this time last year, which is quite surprising given the current situation. Not just by a little either. Even the overall values have skyrocketed. In a city where the historic data points to marginal 2-4% annual increases, we have seen the MEDIAN 6 month home prices jump 30k (SFH) and 23k (Condo) respectively, proving our current market is a Juggernaut. The question many buyers and sellers I run into have is if now is even a good time to buy or sell. For Sellers, it's easy... YES!! For buyers, that answer is a bit more complicated and has many factors. Do you have to buy, what areas are you looking in, budget and condition of home, etc, etc, etc. Based on the various reasons and requests a buyer has will determine if now is the right time or not, market is actually less of a factor since it is so unpredictable. Some fear that this is the peak, so buying high would be a terrible thing to do if the market turns. While the other camp says it could keep going and going, so the time your thought was a bad time to buy ends up being not so bad after the continued climb. People who were looking in late last year / early this year are saying that very thing. Complicated times right now, so stay tuned to the blog to stay on top of things.. Stay safe out there, and thanks for stopping by! The Weekly Adogtable! Hi guys! My name is Winnie and I am a 6 year old female pug weighing around 25-30lbs. I came into the rescue a few weeks ago as a local surrender and am finally coming to you here to find my forever home! I get along with the neighborhood small/medium dogs, cats! I have met a few cats outside and after a few sniffs we both part our separate ways. I haven't met any large dogs and I was hesitant with the medium size ones so my size or a bit bigger would be fine. I don't really bother with other dogs though when we are together but I am still a good girl when around them. I have met kids as young as 1 year old and I was a very good girl. I love the attention I get from the kids but who wouldn't?! Just means more pets for Winnie girl! I might be a few pounds overweight, shhh, but my cute couch potato self has been working on increasing my stamina. I don't really like the really hot days and would prefer to go for walks in the early morning and late evening when things have cooled down! I struggle with stairs but am now able to do a set of 3 stairs with encouragement, so baby steps for now! I am house trained and can go all night without incident, yay! I am much quicker to do my business when off-leash so if my family had a fenced yard that would be nice but not needed. I also like to scoot my bum after going to the washroom to tidy up like the lady I know I am. I will occasionally play fetch but I don't really have much interest in toys otherwise. I will pretty much take to anyone as long as you are willing to give me attention and some good pets! I am not destructive, I might shake the odd blanket when I get excited but nothing is destroyed! I am happiest when I am with my people! I prefer not to be alone, so if you walk to a different room you can be sure I won't be far behind. I am hoping my forever home will have someone around most of the day so I don’t have to be alone. I also like to sleep in the same room as my humans so I hope you'll let me be close ❤ I eat special food for urinary health and I don't mind it. I have no food insecurities and will casually pick away at my food throughout the day. Don't let my height fool you though I will still try to see what's up on the counter if you've left anything yummy there. I do shed quite a bit but with frequent brushing it seems to be kept under control. I will tolerate baths, but would prefer to stay dry at all times. The car is not my favorite place to be, and it can take me a while to calm down after going for a drive. I can also be quite noisy with lots of grunts, snorts and pants. I will only bark/howl/cry if you leave me alone though. Am I your forever girl?! ❤ My adoption fee is a $350 donation to help save more dogs like me. I am spayed and microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt. This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, a non profit rescue organization from 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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