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Halifax (HRM) Residential Statistic Update for the Week of December 6th - December 13th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 148 (146, 147, 167, 202) *160 Sold: 113 (114, 98, 104, 99) *96 Sale To Listing Ratio: 76% (78%, 67%, 62%, 49%) *43% Price Changes: 107 (76, 73, 113, 101) *73 Listings that went conditional/pending: 84 (96, 109, 128, 134) *109 Expired/Cancelled/Withdrawn: 91 (208, 75, 96, 100) *116 Total Active Halifax/Dartmouth Inventory: 3,469 (3,493, 3,622, 3,645, 3,704) +3,781 Absorption Rate in weeks: 32 (34, 35, 34, 33) *33 Single Family Home Stats Active Single Family Home: 1,878 (1,886, 1,975, 1,990, 2,042) *2,061 Average Single Family Home List Price: $292,893 ($320k,$342k,$320k,$329k) *$334k Average Single Family Home Selling Price: $285,845 ($310k,$335k,$310k,$320k) *$321k Single Family Home Sale to List Ratio This Week: 98% (97%, 98%, 97%, 97%) *96% Median Single Family Home List Price (6 mo): $283,900 ($285k,$287k,$285k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$278,500 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 93 (70, 85, 101, 115) *69 Condo Stats Active Condos: 279 (289, 333, 338, 312, 318) *369 Average Condo Listing Price: $287,900 ($277k, $240k, $221k, $286k) *$250k Average Condo Selling Price: $279,000 ($262, $235k, $217k, $281k) *$242k Condo Sale to List Ratio This Week: 96% (95%, 98%, 98%, 98%) 97% Median Condo List Price (6 mo): $233,800 ($230k, $230k, $231k, $235k) *$249k Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $225k, $225k) *$240k Average Days on Market Condos: 119 (84, 64, 57, 51) *97 Active Vacant Lots: 1,015 (1,011, 1,031, 1,034, 1,031) *964 Market Rant If it seems like the sales to list ratio has been unusually high lately, it's because it has been! For the third week in a row we are well above the average StL report, and well above the 50% mark, which is also really high for this time of year. The general feeling out there is that there's still a bulge of buyers hunting the market, and with lack of product availability (in certain areas and type), the few listings that do come to market get snapped up. The absorption is in alignment with this time last year, and the inventory overall has taken another step towards closing the gap as well, however, buyer interest is still at an all time high and seemingly more active. Ultimately, things are bound to cool off, even for a short time over the holiday's, and it will be interesting to see what 2019 has in store for our fair city. Stay tuned to the blog to stay on top of it all! Thanks for stopping by! The Weekly Adogtable The Weekly Adogtable! Meet Pipsqueak. Such a sweetheart! Her perfect day would be a few walks, lots of back scratches, lounging in her bed or sitting next to you on the coach. She is approaching her senior years so will not require much other than your affection. This "cuddly companion" is available through the NSSPCA, 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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