Halifax (HRM) Residential Statistic Update for the Week of July 2nd - 9th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 349 (312, 326, 350, 282) *333 Sold: 234 (257, 234, 245, 220) *197 Sale To Listing Ratio: 67% (83%, 71%, 70%, 78%) *60% Price Changes: 122 (79, 117, 141, 89)*161 Listings that went conditional/pending: 312 (286, 290, 287, 302) *242 Expired/Cancelled/Withdrawn: 60 (110, 51, 39, 48) *103 Total Active Halifax/Dartmouth Inventory: 1,908 (1,941, 2,016, 2,068, 2,041) +3,341 Absorption Rate in weeks: 8 (8, 9, 10, 12) *16 Single Family Home Stats Active Single Family Home: 1,007 (1,015, 1,038, 1,074, 1,068) *1,883 Average Single Family Home List Price: $397,428 ($384k,$390k,$363k,$371k) *$321k Average Single Family Home Selling Price: $396,556 ($383k,$392k,$363k,$372k) *$316k Single Family Home Sale to List Ratio This Week: 99% (100%,101%,100%,100%) *99% Median Single Family Home List Price (6 mo): $329,900 ($330k,$330k,$328k,$327k)*$300k Median Single Family Home Sold Price (6 mo):$330,000 ($330k$328k,$325k,$325k)*$299k Average Days on Market Single Family Home: 40 (56, 53, 38, 61) *51 Condo Stats Active Condos: 160 (155, 160, 165, 161) *225 Average Condo Listing Price: $289,775 ($328k, $378k, $295k, $262k) *$279k Average Condo Selling Price: $288,292 ($326k, $369k, $295k, $261k) *$271k Condo Sale to List Ratio This Week: 99% (99%, 97%, 100%, 99%) 97% Median Condo List Price (6 mo): $274,950 ($280k, $280k, $274k,$275k) *$250k Median Condo Sold Price (6 mo): $272,500 ($273k, $275k, $273k, $275k) *$241k Average Days on Market Condos: 50 (53, 54, 17, 24)*79 Active Vacant Lots: 592 (662, 662, 676, 675) *949 Market Rant Finally, a bit of inventory pressure relief! For the first time since the Spring, there has been a small wane in the property feeding frenzy that has gripped our city in the last couple of seasons. More listings coming to market has certainly helped things along, and perhaps the large bubble of buyers is slowly starting to deflate as they purchase and settle into their homes, or perhaps many have simply grown tired of the frenzy and have put their move on hold. In either case, the market does feel different right now. Of course, there are still many areas and price points that are remain under siege, but the multiple offer situation has subsided a touch to lessen the amount of competitors on a property. Some have been waiting out what I call "the golden weekend" to avoid the overbidding in hopes of seeing it on the other side, which has actually been happening lately. The golden weekend is the current listing formula it seems of going active on Thursday, holding showings/offers all weekend and presenting offers on the Sunday or Monday. That formula started to show up late last year as there was so much activity and requests on a property, that listing agents had to react and pause the response to offer times to allow everyone to get in to see it. By the time the Spring market showed up this became more and more popular, and nowadays its almost standard, especially with any property in the 250-350k range in within 30kms of HRM. Let's see if this relaxed atmosphere continues, or it it's just a slight ease before things ramp up again. Stay tuned to the blog to find out! Stay safe out there, and thanks for stopping by! The Weekly Adogtable!Hi! I’m Sophie! I am a 10 year old female Shih Tzu Poodle mix weighing around 15-20lbs. I'm a local surrender after one of my owners passed away it was too hard so I came into the rescue. I've been here for a few weeks now but it's time to find my forever! I am a super friendly girl, I love everyone I meet! I hear “good girl” every day, so I think that means I’m pretty special. I’ve met so many dogs and humans and they are all so fun to say hello to. Foster mom says my tail will wag right off! Gosh, I hope not! I havent met any cats so I'm not sure what to think of them. I have been around a few kids but can become protective of them so I think older kids would be better. I really want a fur sister or brother cause I really like to play! There’s a growly thing I do when I want to play (and eat) that sounds strange until you understand it’s just my way of talking to you. I like to ensure my foster parents know what time it is, so I wake them up when it’s breakfast time. I run straight to my bowl but they remind me it’s bathroom time first! I’m a lady who knows what she wants and what I want is food. I love yummy treats. Apparently I will do anything for food. Don’t worry, I let everyone know when it’s supper time too! I know that outside is the place to do my business and will tell you when I need to go. I have been on a regular schedule with two walks a day and I LOVE walks. I’m told I have lots of energy and can pull from time to time, but overall I’m pretty good. I don't mind going in the car and I like to play with toys! The thing they call a TV is pretty fascinating, did you know there are dogs on there as well?! If I could pick, I'd chose to sleep with foster mom and dad. There’s lots of beds around the house that are my size but I won’t touch them. What can I say? I like big beds, couches, and laps! I do have some arthritis in my hind end which having some type of supplement would help. I have a few teeth that need to be taken care of and at the same time I am getting a good clean of my ears! Are you my forever family? My adoption fee is a $300 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.. ListingsPhoto's by Jeremiah
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