Halifax (HRM) Residential Market Statistic Update For Week of March 21st To March 28th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  446 (484, 495, 491, 389) *552
Sold:  144 (99, 98, 89, 104) *155
Sale To List Ratio: 32% (20%, 20%, 18%, 27%) *28%
Expired/Cancelled/Withdrawn:  43  (69, 62, 156, 42) *64
*Total Active Halifax/Dartmouth Inventory:  4,542 (4,453, 4,326, 4,163, 4,045)
Active Single Family Home: 2992 (2922, 2832, 2735, 2576) *2557
Average Single Family Home List Price:  $288,111 ($321,604, $282,934, $306,619, $276,882) *289k
Average Single Family Home Selling Price:  $281,138 ($313,968, $273,961, $300,136, $270,864) *280k
Average Days On  Market Single Family Home: 82 (113, 117, 98, 110) *83
Active Condos:  336  (332, 319, 313, 312) *249
Average Condo Listing Price:  $261,911 ($375,044, $241,071, $209,628, $216,223) *264k
Average Condo Selling Price:  $253,700 ($358,722, $241,714, $203,210, $208,300) *259k
Average Days On Market Condos:  71  (67, 98, 89, 62) *120
*Halifax/Dartmouth Absorption Rate (weeks):  46 (49, 50, 48, 47)

The weather in our fair city has yet to improve but our market has this week. For the first time this year we have come within striking distance to last years sales numbers. Because of our solid sales week, the sales to list ratio made a 12 point recovery, and 3 weeks was shaved off of the absorption rate. Values fell in both condo and single family home prices, and average days on market experienced reduction this week. All is all not a bad start, and I anticipate this momentum to "spring" us forward to a healthy market year! Make sure you come back on the first of April for the monthly statistics wrap up for March. Thanks for stopping by!

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Halifax (HRM) Residential Market Statistic Update For Week of March 14th To March 21st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  484 (495, 491, 389, 334) *476
Sold:  99 (98, 89, 104, 87) *166
Sale To List Ratio: 20% (20%, 18%, 27%, 26%) *35%
Expired/Cancelled/Withdrawn:  69  (62, 156, 42, 99) *63
*Total Active Halifax/Dartmouth Inventory:  4,453 (4,326, 4,163, 4,045, 3,951)
Active Single Family Home: 2922 (2832, 2735, 2576, 2519) *2433
Average Single Family Home List Price:  $321,604 ($282,934, $306,619, $276,882, $306,974) *294k
Average Single Family Home Selling Price:  $313,968 ($273,961, $300,136, $270,864, $295,689) *288k
Average Days On  Market Single Family Home: 113 (117, 98, 110, 75) *86
Active Condos:  332  (319, 313, 312, 310) *257
Average Condo Listing Price:  $375,044 ($241,071, $209,628, $216,223, $273,928) *243k
Average Condo Selling Price:  $358,722 ($241,714, $203,210, $208,300, $266,042) *239k
Average Days On Market Condos:  67  (98, 89, 62, 40) *94
*Halifax/Dartmouth Absorption Rate (weeks):  49 (50, 48, 47, 49)

Spring is here! Would somebody tell that to mother nature! Despite the frigid temperatures and nasty weather, the market remained relativity the same as last week. Almost at the 500 mark, inventory continues its rise towards the peak inflation months and has seen an overall difference of almost 500 more listings then last year. Values are up, way up in both single family homes and condominiums this week. Sales remain unchanged from last week and we have yet to enjoy the sales stats that we witnessed last year. A pretty far distance to catch up to the early spring market from last year but we are doing it one week at a time. Whats your thought? Thanks for stopping by!

 Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Halifax (HRM) Residential Market Statistic Update For Week of March 7th To March 14th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  495 (491, 389, 334, 361) *437
Sold:  98 (89, 104, 87, 100) *169
Sale To List Ratio: 20% (18%, 27%, 26%, 24%) *39%
Expired/Cancelled/Withdrawn:  62  (156, 42, 99, 123) *93
*Total Active Halifax/Dartmouth Inventory:  4,326 (4,163, 4,045, 3,951, 3,876)
Active Single Family Home: 2832 (2735, 2576, 2519, 2480) *2368
Average Single Family Home List Price:  $282,934 ($306,619, $276,882, $306,974, $285,934) *302k
Average Single Family Home Selling Price:  $273,961 ($300,136, $270,864, $295,689, $272,071) *297k
Average Days On  Market Single Family Home: 117 (98, 110, 75, 97) *117
Active Condos:  319  (313, 312, 310, 301) *246
Average Condo Listing Price:  $241,071 ($209,628, $216,223, $273,928, $246,266) *250k
Average Condo Selling Price:  $232,714 ($203,210, $208,300, $266,042, $241,866) *244k
Average Days On Market Condos:  98 (89, 62, 40, 44) *63
*Halifax/Dartmouth Absorption Rate (weeks):  50 (48, 47, 49, 53)

Listing activity continued to ramp up again this week with the spring market quickly approaching. Mediocre sales again this week which is reflected by the sales to list ratio which came in at almost half the stat from this time last year. Condo and single family home values remained average while the average days on market witnessed growth in both types or property. Lots of interest and inquiries from prospective sellers this week with regards to key factors they should take into consideration when choosing representation in this type of market. The answer is pretty simple, with the right price tag on your home and exposure to potential buyers, your home is bound to sell. Tech saavy clients (the type I usually attract) see the value and future of online presence with the sales associate being less involved with traditional methods to pursue cutting edge marketing campaigns. I have replaced things like newspaper ads and TV spots and opted for more focussed and measurable campaigns like social media and web advertising. Gone is the still picture "virtual tour'' replaced with a descriptive HD video walkthrough.  Every time I sit with someone to discuss my marketing strategy, they are amazed at how comprehensive and cutting edge advertising property has become. And the biggest tip of the week which isn't really news to most yet people still keep opting for...YOU GET WHAT YOU PAY FOR! Don't let the stress of selling your home lead you down a road of discount repairs or representation. Professional's may cost you a little more in the short term but are worth their weight in gold in the long run. My new method works...very well! And I'm proving it one sale at a time. 

 Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Halifax (HRM) Residential Market Statistic Update For Week of February 28th to March 7th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  491 (389, 334, 361, 365) *463
Sold:  89 (104, 87, 100, 78) *131
Sale to List Ratio: 18% (27%, 26%, 24%, 27%) *28%
Expired/Cancelled/Withdrawn:  156  (42, 99, 123, 87) *82
*Total Active Halifax/Dartmouth Inventory:  4,163 (4,045, 3,951, 3,876, 3,828)
Active Single Family Home: 2735 (2652, 2576, 2519, 2480) *2350
Average Single Family Home List Price:  $306,619 ($276,882, $306,974, $285,934, $301,393) *290k
Average Single Family Home Selling Price:  $300,136 ($270,864, $295,689, $272,071, $291,510) *284k
Average Days on  Market Single Family Home: 98 (110, 75, 97, 114) *97
Active Condos:  313  (312, 310, 301, 288) *253
Average Condo Listing Price:  $209,628 ($216,223, $273,928, $246,266, $291,922) *246k
Average Condo Selling Price:  $203,210($208,300, $266,042, $241,866, $288,133) *243k
Average Days on Market Condos:  89 (62, 40, 44, 76) *94
*Halifax/Dartmouth Absorption Rate (weeks):  48 (47, 49, 53, 61.8)

Looks like our declining absorption rate streak has come to a halt! Biggest addition of inventory that we have seen this year so far, and the beginning of the month expired/renew cycle has a lot to do with it. Usually that number is a little skewed at the beginning of the month as many real estate contract terms expire on the first, so that means, the inventory that did expire from the market we can expect to see at least 60% has return immediately causing the fluctuation. On a positive note, the average single family home selling price in the HRM has hit over the 300k mark for the second time this year which may come as a surprise given the average value from last month (scroll down to find out more). Still a ways from catching up to the market this time last year, but its still early and we have a ways to go. Did you catch the news article about the patrol vessel contract? Interesting stuff and a good primer to the larger contract on the way! Whats your thoughts? Thanks for stopping by!

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Not quite on par with last year at this time but we are making a slow recovery from last years dismal end. Not out of the woods yet and the next few months will be instrumental  
in whether or not we will make a full recovery.

Huge downward spike in the average sale prices this month! Looks like some of the listings waiting out the market flux had to make some market corrections to get their properties sold. I'm interested to see how far this market correction will go.

No longer at record breaking lows, inventory has made a solid recovery in its february debut. Following annual trend we will see the next few months inflate to the peak of the year (usually May). Even with a good amount of inventory currently on the market, there is still a few regions and sectors of the market that are in high demand. While the waiting continues with regards to the final confirmation and details of the shipbuilding contract, many home buyers and sellers patiently read articles, research on the web and talk about the lack of progress or news associated with it. Last years poor sales performance was a reminder to a lot of folks that these things take time and 10,000 workers just don't show up overnight. Now that the contract has been "baked into the market" so to speak, sellers are getting more realistic with asking prices which is directly reflected by the statistics above. Which is helping aide the road to recovery from out 27% drop in sales last quarter. We still have a long way to go...Whats your thought? 

Make sure to come back on Thursday for the weekly market stats update and news report. Thanks for stopping by!

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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