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Halifax (HRM) Residential Statistic Update for the Week of June 28th - July 5th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 335 (306, 332, 348, 378) *302 Sold: 174 (217, 189, 182, 218) *146 Sale To Listing Ratio: 52% (71%, 57%, 52%, 58%) *48% Price Changes: 206 (190, 189, 230, 246) *189 Listings that went conditional/pending: 175 (220, 222, 220, 198) *176 Expired/Cancelled/Withdrawn: 229 (80, 101, 90, 173) *257 Total Active Halifax/Dartmouth Inventory: 4,225 (4,273, 4,284, 4,273, 4,249) +4,825 Absorption Rate in weeks: 22 (21, 22, 22, 21) *26 Single Family Home Stats Active Single Family Home: 2,457 (2,479, 2,489, 2,476, 2,478) *2,957 Average Single Family Home List Price: $307,946 ($335k,$342k,$353k,$333k) *$286k Average Single Family Home Selling Price: $298,617 ($323k,$330k,$343k,$325k) *$276k Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 97%,98%) *97% Median Single Family Home List Price (6 mo): $289,500 ($290k,$290k,$290k,$289k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 69 (58, 57, 52, 50) *85 Condo Stats Active Condos: 408 (424, 430, 431, 422) *476 Average Condo Listing Price: $211,609 ($239k, $296k, $273k, $321k) *$245k Average Condo Selling Price: $204,400 ($229k, $290k, $264k, $310k) *$232k Condo Sale to List Ratio This Week: 96% (96%, 98%, 97%, 97%) 95% Median Condo List Price (6 mo): $234,950 ($238k, $239k, $238k, $238k) *$230k Median Condo Sold Price (6 mo): $225,000 ($228k, $230k, $226k, $226k) *$220k Average Days on Market Condos: 69 (87, 40, 88, 60) *103 Active Vacant Lots: 994 (998, 995, 984, 978) *1,159 Market Rant What a month June was! It wasn't until the last week that things started to slowly edge off the pedal, even still, it was just slightly. No doubt the warm weather brings the "at last" feeling of Summer, so it's not a surprise that Haligonians may have been out doing fun things, besides house shopping. Also, it was the Canada Day long weekend, which I would go out on a limb and say is the fourth biggest holiday vacancy next to Christmas (week), Remembrance Day, and the August long weekend. Despite the holiday, it was relativity business per new trend, with more listings to market and only a slight sales reduction this week. Oddly, values in both tracked products took a reduction, but so did the overall inventory for the third week in a row. There is still a rather large gap between the inventory levels from this year to last, but it seems to be narrowing week to week. Same too can be said about the absorption rate. Just a few weeks ago it seemed as if we would take a commanding lead on 2017, but it seems as though there might still be time for a bit of cat and mouse. You will have to stop by to see how the race ends! Thanks for stopping by! The weekly Adogtable! Meet Sophia! If you're looking for an adventurous four-legged friend this summer, come and meet Sophia! Sophia not only enjoys the water, but loves long walks, games of fetch and tug-of-war. She loves the great outdoors and lounging in the sun on warm days. If you have a summer bucket list, Sophia would love to accomplish these things with you! Sophia's ideal home would be: - Without other animals - With children over the age of 12 Sophia gets excited very easily and will benefit from leadership and obedience. Because of this, registration with obedience classes is mandatory upon adoption. She also prefers the company of people over animals so no dogs or cats for her. This "cuddly companion" is available through Good Bones Dog Rescue, 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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