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Halifax (HRM) Residential Statistic Update for the Week of November 14th - 21st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 151 (211, 221, 195, 262) *167 Sold: 141 (157, 174, 153, 172) *104 Sale To Listing Ratio: 93% (74%, 79%, 79%, 66%) *62% Price Changes: 84 (95, 96, 142, 137) *113 Listings that went conditional/pending: 155 (158, 188, 183, 204) *128 Expired/Cancelled: 60 (69, 199, 83, 75) *96 Total Active Halifax/Dartmouth Inventory: 2,657 (2,721, 2,722, 2,788, 2,902) +3,645 Absorption Rate in weeks: 17 (17, 17, 18, 18) *34 Single Family Home Stats Active Single Family Home: 1,372 (1,437, 1,444, 1,484, 1,555) *1,990 Average Single Family Home List Price: $380,996 ($389k,$347k,$352k,$339k) *$320k Average Single Family Home Selling Price: $371,238 ($375k,$340k,$344k,$333k) *$310k Single Family Home Sale to List Ratio This Week: 97% (96%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$285k Median Single Family Home Sold Price (6 mo):$304,950 ($304k,$305k,$305k,$305k)*$280k Average Days on Market Single Family Home: 66 (83, 66, 58, 65) *85 Condo Stats Active Condos: 195 (194, 190, 184, 193) *338 Average Condo Listing Price: $239,900 ($239k, $225k, $266k, $273k) *$221k Average Condo Selling Price: $234,000 ($232k, $224k, $259k, $276k) *$216k Condo Sale to List Ratio This Week: 98% (97%, 99%, 98%, 98%) 98% Median Condo List Price (6 mo): $248,500 ($248k, $250k, $250k, $250k) $231k Median Condo Sold Price (6 mo): $239,000 ($239k, $240k, $240k, $240k) *$225k Average Days on Market Condos: 57 (57, 46, 67, 72) *57 Active Vacant Lots: 880 (878, 868, 897, 918) *1,034 Market Rant Another week of below average new listing additions, which is doing wonders for the sales to list ratio since sales are still putting up solid numbers. This activity has also kept the absorption rate holding fast to 17 weeks, which is a stat that is usually considerably higher this time of year. Just look at the difference from this time last year to now, pretty impressive. Inventory continues to plummet, and buyers activity is showing no sign of slowing down either, so the expectation is that this activity will continue to push right up until the holiday season. Sale values continues to surprise as well, and reports remarkably above average from week to week of late. The six month median home prices, the real gauge of value increase/decline, is also reporting well above last years margins and is likely one of the most significant increases in such a short amount of time that Halifax has seen in a very long time. Days on market are fewer, prices changes less, and so too the listings that cancelled or expired. All signs that things are still favouring Sellers, so it makes you wonder when the turn will happen for Buyers. For now, though, we will wait out the current Sellers market in anticipation. Make sure to stay tuned to the blog to stay informed and up to date will all things Halifax Real Estate! The Weekly Adogtable Meet Tasca! Staffy X Female 8-12 months old spay + microchip Vaccinated (Rabies + Bordetella) + Advantage Multi 100. Barks in her kennel when she sees people, she’s excited and happy. Well socialized with people. A wiggle butt. Sensitive to her rear area. No food aggression. Takes treats roughly. Playful with dogs. Excited, hard to calm down, jumps on people, nibbles a little bit, learns fast. Shares her toys. Sudden movements: Thinks it’s a game. Nibbles when you grab her Knows basic command: sit Pulls on leash Unknown with kids High energy level Playful during vet exam Very motivated with treats. Healthy. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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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