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Halifax (HRM) Residential Statistic Update for the Week of July 16th - 23rd, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 321 (341, 349, 312, 326) *302 Sold: 258 (218, 234, 257, 234) *205 Sale To Listing Ratio: 80% (64%, 67%, 83%, 71%) *68% Price Changes: 131 (86, 122, 79, 117)*205 Listings that went conditional/pending: 291 (257, 312, 286, 290) *220 Expired/Cancelled/Withdrawn: 59 (55, 60, 110, 51) *94 Total Active Halifax/Dartmouth Inventory: 1,908 (1,921, 1,908, 1,941, 2,016) +3,323 Absorption Rate in weeks: 8 (8, 8, 8, 9) *17 Single Family Home Stats Active Single Family Home: 991 (1,008, 1,007, 1,015, 1,038) *1,888 Average Single Family Home List Price: $363,846 ($403k,$397k,$384k,$390k) *$355k Average Single Family Home Selling Price: $369,200 ($405k,$397k,$383k,$392k) *$345k Single Family Home Sale to List Ratio This Week: 102% (100%,99%,100%,101%) *97% Median Single Family Home List Price (6 mo): $329,900 ($330k,$330k,$330k,$330k)*$300k Median Single Family Home Sold Price (6 mo):$332,500 ($333k,$330k,$330k,$328k)*$290k Average Days on Market Single Family Home: 38 (59, 40, 56, 53) *51 Condo Stats Active Condos: 156 (157, 160, 155, 160) *213 Average Condo Listing Price: $268,775 ($312k, $290k, $328k, $378k) *$267k Average Condo Selling Price: $269,564 ($309k, $288k, $326k, $369k) *$259k Condo Sale to List Ratio This Week: 100% (99%, 99%, 99%, 97%) 97% Median Condo List Price (6 mo): $273,000 ($280k, $275, $280k, $280k) *$250k Median Condo Sold Price (6 mo): $270,000 ($278k, $273k, $273k, $275k) *$241k Average Days on Market Condos: 80 (80, 50, 53, 54)*38 Active Vacant Lots: 596 (594, 592, 662, 662) *947 Market Rant Looks like our inventory woes will continue as missed Spring (Summer) market presses on. Despite seeing decent new weekly inventory gains, we continue to maintain or drop in overall levels across the board. In fact, single family homes (the hardest hit) are down almost 50% in inventory numbers from last year at this time, and over 1,400 less accorss the market overall. The weekly sales amounts continue to pummel the inventory down, and just when it looked like things might slow a touch, we get the best weekly sales report in over a month. Both sales and listings under agreement surge again this week to eclipse those stats from last year at this time, which is pretty incredible given that we are still very much in a pandemic. Perhaps that was the lighter fluid that was tossed on the already burning market to kick it a notch, and make it the current sellers market we find ourselves in that much worse for buyers. The value report was a little surprising this week, especially the single family home report. Coming off a historic high last week, advance 7 days and we are almost back down to last years numbers, which is a little unusual with SFH since they are usually pretty consistent. One of the big differences though? - the selling prices are over the asking price this year! Days on market are also reporting incredibly low, which I'm sure is in thanks to the buyers snapping up all of these listings. I'm sure that number could get tightened up a bit too if agents weren't; holding offers for days, still, even with that consideration 38 days from list to sale on average is an amazing stat. It's a rollercoaster out there! Stay tuned to the blog to catch all the turns, ups and downs! Thanks for stopping by, and stay safe and healthy out there! The Weekly Adogtable! ***Dobby was finally able to get her testing done and unfortunately it came back positive for Von Willebrand's disease. Due to this diagnosis, it is recommended she not be spayed so she will be adopted intact.*** Hello everyone! We are Dobby and Apollo a bonded brother and sister, the dynamic duo if you will! We are 8 year young dobermans weighing around 80lbs each. We are local surrenders from a few months ago and are ready to find our forever home together! We have always been king and Queen of our castle, so we would prefer to be the only pets in our new abode. We bark at other dogs and strangers but will usually quiet down once told to. Some dogs we meet are fine and others we just do not get along with. We have only ever seen cats outside and will always bark at them so probably none of them in our forever home. We like kids, but sometimes when we're playing we forget the little ones are around and might knock them on their butt. But as long as my parents are keeping an eye on everyone we get along great. We are completely housetrained and have no problem relaxing at home during the day while your at work. We LOVE to get comfy and snuggle with our humans, we will very willingly jump in bed and sleep all night with my humans, or we will sleep in our own bed if you prefer. We are very treat (and food) motivated, that being said there may be some counter surfing if there is food left out. We sit when told, give paw and lay down. Again we LOVE treats! We enjoy going for walks but still pull on leash. We really like running the yard, and even though we have lots of room in the yard, we dont know to stay in our boundries if the gate was left open. We love going for car rides, wind in our ears, tongues hanging out our face! Dobby was not spayed and when it was being looked into the rescue decided to test for Von Willebrands first, more common in Dobermans. Unfortunately she did test positive so she is not a good candidate for surgery due to high risk of bleeding. Easiest way to tell us apart is I always sit very regal and proper where as Dobby is silly and will wiggle her whole bum when she's happy. We have so much unconditional love to share, i know our new Family has been waiting for us, as we have them. Are you our forever home? Our adoption fee is a donation to help save more dogs like us. We are vaccinated, microchipped, Apollo is neutered, Dobby is intact, and have all our doggy papers to come home to you! You can apply for us 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 them 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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