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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 124 (181, 192, 185, 181) *152 Sold: 93 (95, 97, 66, 65) *88 Sale To Listing Ratio: 75% (53%, 50%, 36%, 36%) *58% Price Changes: 63 (64, 54, 58, 58) *34 Conditional Sale: 79 (102, 107, 105, 106) *111 Expired/Cancelled/Withdrawn: 31 (41, 92, 53, 52) *32 Total Active Halifax/Dartmouth Inventory: 1,470 (1,468, 1,435, 1,440, 1,445) *1,387 Absorption Rate: *17 (18, 20) *15 Single Family Home Stats Active Single Family Home: 664 (662, 663, 671, 674) *626 Average Single Family Home List Price: $609,557 ($665k, $623k, $600k, $573k) *$643k Average Single Family Home Selling Price: $605,131 ($654k, $617k, $599k, $555k) *$636k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 99%, 97%) *97% Median Single Family Home List Price (6 mo):$579,900 ($580k, $580k, $580k, $580k) *$550K Median Single Family Home Sold Price(6 mo):$570,000 ($570k, $571k, $572k, $572k)*$558k Average Days on Market Single Family Home: 43 (59, 45, 53, 52) *44 Condo Stats Active Condos: 187 (191, 181, 183, 185) *138 Average Condo Listing Price: $439,900 ($460k, $472k, $491k, $491k) *$473k Average Condo Selling Price: $420,000 ($452k, $461k, $481k, $481k) *$467k Condo Sale to List Ratio This Week: 96% (98%, 98%, 98%, 98%) *99% Median Condo List Price (6 mo): $434,900 ($440k, $440k, $440k, $440k) *$450k Median Condo Sold Price (6 mo): $429,000 ($430k, $430k, $430k, $430k) *$450k Average Days on Market Condos 53 (41, 76, 94, 94) *8 Active Vacant Lots: 360 (359, 357, 359, 359) *396 Market Rant This week brought a noticeable tightening in activity across the Halifax market. New listings dipped compared to recent weeks, while sales held strong, creating one of the more competitive supply-and-demand balances we’ve seen in some time. With fewer homes coming online and steady buyer engagement, conditions leaned more in favour of sellers, even as overall inventory remained relatively stable. Single-family homes continue to anchor the market. Pricing softened slightly from last week’s peak but remained strong overall, and most homes that sold did so very close to asking. Days on market improved again, reinforcing the sense that serious buyers are moving decisively when value and presentation align. The condo segment experienced a bit more adjustment. Inventory stayed steady, but pricing eased and negotiations widened slightly compared to recent weeks. Homes are taking a little longer to firm up, suggesting buyers are being selective and patient in this category. Looking ahead, with supply tightening and buyer demand holding firm, we may be seeing the early signals of a more competitive spring setup. If listing activity doesn’t accelerate soon, sellers could find themselves entering the next phase of the market with favourable positioning. Stay tuned to the blog to stay on top of the changing 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. Latest 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 fifteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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