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Halifax (HRM) Residential Statistic Update for the Week of October 17th - 24th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 262 (212, 283, 243, 207) *225 Sold: 172 (142, 158, 164, 189) *117 Sale To Listing Ratio: 66% (67%, 56%, 67%, 91%) *52% Price Changes: 137 (137, 157, 127, 124) *118 Listings that went conditional/pending: 204 (185, 183, 166, 187) *128 Expired/Cancelled: 75 (94, 85, 210,57) *101 Total Active Halifax/Dartmouth Inventory: 2,902 (2,934, 2,989, 2,981, 3,094) +3,884 Absorption Rate in weeks: 18 (18, 17, 17, 18) *31 Single Family Home Stats Active Single Family Home: 1,555 (1,609, 1,625, 1,624, 1,685) *2,181 Average Single Family Home List Price: $338,634 ($317k,$353k,$351k,$331k) *$305k Average Single Family Home Selling Price: $332,882 ($314k,$346k,$336k,$324k) *$295k Single Family Home Sale to List Ratio This Week: 98% (99%, 98%, 96%, 98%) *97% Median Single Family Home List Price (6 mo): $309,900 ($310k,$309k$308k,$309k)*$290k Median Single Family Home Sold Price (6 mo):$305,000 ($304k,$302k,$301k,$302k)*$282k Average Days on Market Single Family Home: 65 (58, 60, 68, 52) *49 Condo Stats Active Condos: 193 (199, 207, 199, 220) *315 Average Condo Listing Price: $273,130 ($228k, $258k, $300k, $256k) *$262k Average Condo Selling Price: $266,520 ($226k, $243k, $270k, $249k) *$253k Condo Sale to List Ratio This Week: 98% (99%, 94%, 90%, 98%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) $230k Median Condo Sold Price (6 mo): $240,000 ($240k, $241k, $243k, $245k) *$221k Average Days on Market Condos: 72 (61, 38, 78, 34) *101 Active Vacant Lots: 918 (891, 906, 901, 936) *1,064 Market Rant Despite seeing a decent increase in the vacant land inventory, overall, the market supply kept the reduction trend going this week. Single family homes are the main contributor to this decline, which also helped spread the overall annual gap to almost 1000 units! There was an above average addition to the market that seemed like it would help, but it was also met with an above average sale week, so they ended up cancelling each other out. Buyer activity reported quite high this week, with over 200 properties coming under contract, showing that buyers in the market aren't quite done just yet! That is the first time we crested the 200 market in several weeks, which is a bit surprising for the time of year. The final push of the 2019 market year is on, so we should still see a good amount of activity transpire over the following weeks, but nothing is ever completely certain, so stay tuned to the blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable  Princess is very smart and learns quickly. She is house trained, knows basic commands, has moderate energy, walks well on leash with a freedom harness (although she is strong), and is very food driven. Princess is affectionate, but shy with men. No cats for this girl and not recommended with kids under 12. .Princess gets excitable when she sees another dog and excitement barks and jumps up with new people. 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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