(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 198 (149) *177 Sold: 54 (44) *76 Sale To Listing Ratio: 27% (30%) *43% Price Changes: 60 (42) *53 Conditional Sale: 96 (57) *106 Expired/Cancelled/Withdrawn: 51 (57) *45 Total Active Halifax/Dartmouth Inventory: 1,356 (1,309) *1,272 Absorption Rate: * Single Family Home Stats Active Single Family Home: 622 (617) *652 Average Single Family Home List Price: $617,708 ($607k) *$634k Average Single Family Home Selling Price: $603,798 ($560k) *$623k Single Family Home Sale to List Ratio This Week: 98% (92%) *98% Median Single Family Home List Price (6 mo): $549,900($550k) *$500k Median Single Family Home Sold Price(6 mo):$555,200 ($556k)*$515k Average Days on Market Single Family Home: 55 (37) *55 Condo Stats Active Condos: 135 (127) *97 Average Condo Listing Price: $494,450 ($469k) *$431k Average Condo Selling Price: $495,500($464k) *$421k Condo Sale to List Ratio This Week: 101% (99%) *98% Median Condo List Price (6 mo): $449,900 ($449k) *$425k Median Condo Sold Price (6 mo): $450,000 ($449k) *$422k Average Days on Market Condos: 54 (43) *49 Active Vacant Lots: 393 (378) *412 Market Rant The Halifax market is picking up momentum with an increase in new listings and overall inventory. Sales remain steady, though the sale-to-listing ratio has dipped slightly compared to last week and last year. Price adjustments are trending upward, and conditional sales have seen a notable rise. Expired and withdrawn listings have slightly decreased, suggesting sellers are holding firm as the market adjusts. Single-family homes saw a jump in both list and sale prices, with homes selling closer to asking price than last week. However, days on market have stretched longer. Condos are showing strength, with both list and sale prices climbing and a sale-to-list ratio surpassing 100%, indicating competitive demand. Vacant lot inventory has edged up slightly, keeping options open for those looking to build. The market is in motion, and as inventory grows, buyers may find more opportunities while sellers need to stay strategic! 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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