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Halifax (HRM) Residential Statistic Update for the Week of July 5th - 12th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 359 (335, 306, 332, 348) *360 Sold: 182 (174, 217, 189, 182) *164 Sale To Listing Ratio: 51% (52%, 71%, 57%, 52%) *46% Price Changes: 249 (206, 190, 189, 230) *229 Listings that went conditional/pending: 207 (175, 220, 222, 220) *186 Expired/Cancelled/Withdrawn: 112 (229, 80, 101, 90) *114 Total Active Halifax/Dartmouth Inventory: 4,233 (4,225, 4,273, 4,284, 4,273) +4,868 Absorption Rate in weeks: 22 (22, 21, 22, 22) *27 Single Family Home Stats Active Single Family Home: 2,446 (2,457, 2,479, 2,489, 2,476) *2,998 Average Single Family Home List Price: $332,081 ($308k,$335k,$342k,$353k) *$307k Average Single Family Home Selling Price: $323,257 ($299k,$323k,$330k,$343k) *$302k Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 96%, 97%) *98% Median Single Family Home List Price (6 mo): $289,000 ($290k,$290k,$290k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 55 (69, 58, 57, 52) *77 Condo Stats Active Condos: 392 (408, 424, 430, 431) *485 Average Condo Listing Price: $235,866 ($212k, $239k, $296k, $273k) *$270k Average Condo Selling Price: $226,323 ($204k, $229k, $290k, $264k) *$261k Condo Sale to List Ratio This Week: 96% (96%, 96%, 98%, 97%) 97% Median Condo List Price (6 mo): $234,950 ($235k, $238k, $239k, $238k) *$234k Median Condo Sold Price (6 mo): $225,000 ($225k, $228k, $230k, $226k) *$223k Average Days on Market Condos: 117 (69, 87, 40, 88) *114 Active Vacant Lots: 1,018 (994, 998, 995, 984) *1,156 Market Rant Back at it again this week! Although the tempo and pace of the market seemed to be slowly winding down, it appears that the stats are reporting different than the "feel" of the market. This could be a result of the June remnants washing into July, but some of the more direct reflection stats, like the number of accepted offers this week, could argue that it's full steam ahead. New listing additions were pretty much on par to this week last year, but sales were up slightly in contrast. Inventory did see a slight increase this week, but both single family homes, and condo numbers decreased. The culprit for the inflation, it seems, is vacant land. Overall, values in both tracked products surged back this week, and the absorption rate held fast at the 22 week mark, which is a good indicator of a healthy market. We may be over the peak of the season, but there is still fight in the market yet. Stay tuned to stay on top of it! Thanks for stopping by! The weekly Adogtable! Name: Tarzan breed: am staff Age : 2 yrs neutered,utd on vaccines healthy and fit ,gentle and loving as per the breeds character no cats fearful of men no little kids as he is nervous dogs unknown at this point but he was not reactive on leash would make a great companion He did warm up to his person's husband with bribery but always approached nervous with tail between his legs He went to work dailey with his person and also hung out on the farm never wandering off This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him 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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