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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 223 (304, 272, 273, 266) *276 Sold: 113 (203, 116, 140, 110) *169 Sale To Listing Ratio: 51% (67%, 43%, 51%, 41%) *61% Price Changes: 98 (94, 115, 92, 80) *64 Conditional Sale: 142 (180, 182, 178, 146) *196 Expired/Cancelled/Withdrawn: 44 (65, 43, 93, 32) *39 Total Active Halifax/Dartmouth Inventory: 1,665 (1,654, 1,591, 1,557, 1,569) *1,435 Absorption Rate: *12 (12, 13, 13, 14) *10 Single Family Home Stats Active Single Family Home: 805 (803, 770, 733, 744) *696 Average Single Family Home List Price: $650,637 ($605k, $643k, $653k, $622k) *$660k Average Single Family Home Selling Price: $647,244 ($606k, $647k, $647k, $625k) *$666k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $584,900 ($580k,$579k,$575k,$570k) *$550k Median Single Family Home Sold Price(6 mo):$579,950 ($575k,$573k,$570k,$569k)*$548k Average Days on Market Single Family Home: 33 (32, 33, 44, 28) *32 Condo Stats Active Condos: 171 (164, 156, 159, 157) *112 Average Condo Listing Price: $438,757 ($451k, $465k, $479k, $420k) *$480k Average Condo Selling Price: $437,858 ($449k, $455k, $485k, $412k) *$486k Condo Sale to List Ratio This Week: 99% (99%, 98%, 101%, 98%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $443k, $440k) *$434k Median Condo Sold Price (6 mo): $433,750 ($434k, $437k, $442k, $435k) *$429k Average Days on Market Condos: 33 (37, 25, 47, 44)*11 Active Vacant Lots: 436 (442, 431, 433, 431) *431 Market Rant After last week’s surge, this week the market tapped the brakes a little — but not without keeping things interesting. Listings dipped as fewer new or returning homes hit the market, but inventory remained near its peak for the year. While this might offer buyers a bit more breathing room, the number of homes sold dropped too, suggesting that the frenzy has cooled slightly — or at least taken a pause. That said, prices are still holding strong. Single family homes saw an increase in both list and sale prices, hovering in the mid-$600s range. Condos pulled back a little in pricing, but remained consistent in performance, with list-to-sale ratios continuing to flirt with 99%. Days on market for both property types stayed fairly level, showing stable buyer interest. Price changes are up again, and while the number of conditional sales eased, the sale-to-listing ratio improved to 51%, a decent bounce from previous weeks and in line with seasonal expectations. Make sure you stay tuned tot he blog to stay on top of our dynamic market, and thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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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