Halifax (HRM) Residential Market Statistic Update For Week of August 8th to August 15th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  460 (431, 441, 459, 544) *436
Sold:  125  (124, 148, 164, 153) *120
Sale To List Ratio: 27% (29%, 34%, 36%, 28%) *28%
Expired/Cancelled/Withdrawn:  126 (118, 294, 130, 117) *105
Total Active Halifax/Dartmouth Inventory:  5,544 (5,507, 5,486, 5,648, 5,648)
Active Single Family Home: 3,658 (3,643, 3,643, 3,712, 3,724) *2,981
Average Single Family Home List Price:  $296,009 ($328,441, $308,613, $305,097, $285,954) *289k
Average Single Family Home Selling Price:  $287,897 ($312,078, $294,715, $295,748, $274,839)*282k
Average Days On  Market Single Family Home: 105 (106, 103, 99, 79) *76
Active Condos:  439  (443, 436, 445, 442) *265
Average Condo Listing Price:  $262,771 ($298,465, $322,600, $333,495, $301,963) *267k
Average Condo Selling Price:  $235,532 ($291,665, $310,653, $320,961, $288,279) *259k
Average Days On Market Condos:  74 (85, 109, 75, 109) *50
Halifax/Dartmouth Absorption Rate (weeks):  43 (41, 40, 43, 43) *30

Another gain in inventory this week?? Last week I held a survey to see what you thought about the market here in Halifax and let me tell you folks, its pretty dismal out there. Everyone that participated agreed that the market is overpriced by 10%+ and the majority of the market confidence was worrisome. There was some really great points made and I'm happy that people are realizing the state of things that are happening. Don't be fooled by the song and dance that's in front of your face, rather what's lurking behind the curtain. Here are some highlights form the survey;

"I'm currently looking for my first home in Halifax. I like that the inventory is high, but I'm still surprised that so many homes are priced as high as they are. I really thought there would be some correction (given the inventory and tightening lending rules). I'm hopeful that my home is out there but I've had no luck yet. I'm not in a hurry but would like to take advantage of the low rates before they creep up (making any possible correction in prices negligible)."
Great points for many buyers out there!

"Prices are too high to buy right now. 400k+ for a North ot Quinpool; 500K+ anywhere South. Most families in Halifax with the minimum 5% down do not have the income to afford payments on mortgages this size, Many sellers are dreaming if they expect to get their asking price, but I am sure prices will stay stubbornly high as most do not want to face reality."
Frustration of buyers are being felt everywhere!

"First time home buyers have been priced out of the market. Unfortunately, without the first time buyers, the move-up buyers are lost. 
Buying into this market now will likely cause long term financial hardship for some. Prices at these levels cannot be sustained long term.
Bloated inventory a lagging sales will continue to be seen until serious price reductions begin - and even then - people will be waiting for the bottom. 
This has been the story globally - look at the USA - we are in the same situation - just late to the party.
Great insight and comments. 

Sell and get out of the market.
- House prices to income ratios are way too high to sustain the current cost of houses.
- The bond markets are on their way up, which will put even more pressure on interest rates to return to a more nominal rate
- From what I understand, the pickup in sales the last few weeks was due to people using up their low interest rate pre qualifications before they expire.
- CMHC just put a cap on the amount of new insurance it will be offering this week, effective immediately.
Very interested in these factors. Will have to delve deeper...

I want to thank everyone that took the time to participate in the survey. I may have to run a "sellers survey", as I didn't get one response from someone selling their home. I feel very fortunate to have such a great audience and it's things like this that let me know you're out there! Keep the comments coming and keep it real...estate. 

The feature aDOGtable this week is Titan. Titan is a 2 year old English Bulldog. He is a sweet and loving boy. He will require a home that is familiar with the needs of a Bulldog and is committed to this care. He is newly neutered and recovering eye and skin infections, but he should be fine after medication. He is learning not to mark, but it will take a little time and patience. He is good with other dogs and fine with cats too. He is looking for my forever home. He is currently being cared for by Cool Dog Rescue, a non-profit rescue organization.
Details about this rescue and others (including ways to donate) can be found by clicking the picture :) 

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 and Google+ :) Please note that these opinions and comments are solely mine and mine alone.


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Halifax (HRM) Residential Market Statistic Update For Week of June 27th July 4th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  554 (497, 441, 520, 593) *460
Sold:  127 (156, 173, 166, 184) *161
Sale To List Ratio: 23% (31%, 39%, 32%, 31%) *35%
Expired/Cancelled/Withdrawn:  260 (111, 99, 83, 209,) *224
Total Active Halifax/Dartmouth Inventory:  5,526 (5,573, 5,547, 5,550, 5,485)
Active Single Family Home: 3,635 (3,693, 3,677, 3,689, 3,659) *2938
Average Single Family Home List Price:  $297,740 ($295,303, $281,042, $304,904, $290,481) *299k
Average Single Family Home Selling Price:  $288,192 ($285,878, $272,792, $298,081, $282,512)*287k
Average Days On  Market Single Family Home: 80 (82, 82, 98, 86) *84
Active Condos:  445  (451, 447, 449, 436) *272
Average Condo Listing Price:  $280,050 ($273,871, $250,852, $236,461, $283,912) *292k
Average Condo Selling Price:  $271,566 ($267,032, $244,526, $199,423, $275,449) *280k
Average Days On Market Condos:  85 (88, 88, 188, 95) *50
Halifax/Dartmouth Absorption Rate (weeks):  38 (36, 35, 35, 34) *26

After a pretty shocking June report, the hits just keep on coming with yet another dreadful sales week. Seems everyone is talking about the industry woes amongst themselves but apparently failing to inform the 554 new listers of the week what they are up against. Surprisingly, listings keep flooding the market regardless of the already bloated inventory that's failing to move. The only reason we actually reduced in numbers this week was because of the mass amount of cancelled/expired/withdrawn listings that came off the market on the 1st of the month (contract time is up). Although all indicators point to market correction, the stubborn selling values remain high with Atlantic Canadians holding steady to their home prices. The last few weeks have strangely picked up the tempo and market activity has been on the rise is all sectors, so look for the impact of that in upcoming weeks. Maybe we are just having an another off year and buyers are simply not around, maybe the mortgage rules and interest rate hikes have caused gun shyness and market uncertainty. There's a menagerie of ideas and speculation but one fact remains...we are in a sales slump!

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 and Google+ :) Please note that these opinions and comments are solely mine and mine alone.


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Halifax (HRM) Residential Market Statistic Update For Week of April 18th to April 25th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  552 (573, 616, 490, 446) *519
Sold:  147 (153, 109, 133, 144) *199
Sale To List Ratio: 27% (26%, 18%, 27%, 32%) *38%
Expired/Cancelled/Withdrawn:  91  (83, 104, 165, 43) *64
Total Active Halifax/Dartmouth Inventory:  5,037 (4,933, 4,791, 4,594, 4,542)
Active Single Family Home: 3356 (3287, 3187, 3037, 2992) *2850
Average Single Family Home List Price:  $319,827 ($309,518, $292,520, $279,147, $288,111) *286k
Average Single Family Home Selling Price:  $311,439 ($301,840, $287,003, $274,793, $281,138) *281k
Average Days On  Market Single Family Home: 90 (80, 93, 92, 82) *81
Active Condos:  386  (371, 353, 337, 336) *225
Average Condo Listing Price:  $288,341 ($295,646, $292,810, $273,775, $261,911) *226k
Average Condo Selling Price:  $280,358 ($288,946, $280,665, $265,452, $253,700) *223k
Average Days On Market Condos:  120 (107, 191, 70, 71) 133
Halifax/Dartmouth Absorption Rate (weeks):  40 (40, 112, 42, 46)

Another solid week of improvements as we approach the midpoint of the Spring market. Marginal gains in most areas of the market this week with the exception of condominiums. The condo market has seen a stark contrast to the popular attraction that it has enjoyed over the past few years. The entirety of 2012 did not see the inventory of condos rise more then 280 active units on any given week, this year we have already bumped well into the 300's and if this trend keeps up will soar well above the 400 mark. The change from last year at this time is a grand total of 161 units, a 72% gain! The condo market nation wide has been a booming success and I have seen several markets push back (including our own) and say enough is enough. Although this type of product has its desirability, buyers are flocking back to single family detached and semi-detached homes based on availability and affordability. Not to mention there is an accommodation servicing the other customers for this type of product found under the various cranes of rental units sprouting up all over the city. As the market correction continues for single family homes I can only imagine that condominiums are not too far behind. 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 :) Please note that these opinions and comments are solely mine and mine alone.


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Halifax (HRM) Residential Market Statistic Update For Week of April 11th to April 18th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  573 (616, 490, 446, 484) *539
Sold:  153 (109, 133, 144, 99) *189
Sale To List Ratio: 26% (18%, 27%, 32%, 20%) *35%
Expired/Cancelled/Withdrawn:  83  (104, 165, 43, 69) *77
Total Active Halifax/Dartmouth Inventory:  4,933 (4,791, 4,594, 4,542, 4,453)
Active Single Family Home: 3287 (3187, 3037, 2992, 2922) *2796
Average Single Family Home List Price:  $309,518 ($292,520, $279,147, $288,111, $321,604) *298k
Average Single Family Home Selling Price:  $301,840 ($287,003, $274,793, $281,138, $313,968) *294k
Average Days On  Market Single Family Home: 80 (93, 92, 82, 113) *75
Active Condos:  371  (353, 337, 336, 332) *223
Average Condo Listing Price:  $295,646 ($292,810, $273,775, $261,911, $375,044) *273k
Average Condo Selling Price:  $288,946($280,665, $265,452, $253,700, $358,722) *268k
Average Days On Market Condos:  107 (191, 70, 71, 67) 97
Halifax/Dartmouth Absorption Rate (weeks):  40 (112, 42, 46, 49)

Looks a descent response from the sales stat this week as we finally see some marginal movement on the market. Is it any coincidence that the weather improvement has encouraged buyers to get out there and look around for their new abode? Unlikely. The sales that you see this week are a representation of weeks, or possibly months of process from offers and due diligence culminating in the "sale" of a property. The history and tracking of sales may be misleading unless you know how to apply the current report to what application you are looking into. For instance, you wouldn't be able to look at the report and say "honey, theres a bunch of sales this week, I think we should list the house!" As you would be making that assumption based on past events and irregular factors. But something like a annual stats graph like the one here gives you an idea what the trend is. So by combining annual trend and comparing it to todays market you get a better, more solid interpretation and anticipation of the direction of things. These factors might encourage or discourage what course of action you may take and can affect even basic tasks such as pricing your home. 

Speaking of pricing your home, I would encourage you to pop over to the ViewPoint Blog and read a great article called "Right property, wrong price."  It uses one specific property as a reference to describe very similar and repeating history in our market and its definitely worth the read. 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 :) Please note that these opinions and comments are solely mine and mine alone.


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

New Listings:  389 (334, 361, 365, 330) *427
Sold:  104 (87, 100, 78, 78) *166
Sale to List Ratio: 27% (26%, 24%, 27%, 24%) *39%
Expired/Cancelled/Withdrawn:  42  (99, 123, 87, 98) *140
*Total Active Halifax/Dartmouth Inventory:  4,045 (3,951, 3,876, 3,828, 3,749)
Active Single Family Home: 2652 (2576, 2519, 2480, 2427) *2286
Average Single Family Home List Price:  $276,882 ($306,974, $285,934, $301,393, $337,942) *289k
Average Single Family Home Selling Price:  $270,864 ($295,689, $272,071, $291,510, $326,260) *281k
Average Days on  Market Single Family Home: 110 (75, 97, 114, 136) *107
Active Condos:  312  (310, 301, 288, 272) *259
Average Condo Listing Price:  $216,223 ($273,928, $246,266, $291,922, $391,216) *240k
Average Condo Selling Price:  $208,300 ($266,042, $241,866, $288,133, $381,625) *236k
Average Days on Market Condos:  62 (40, 44, 76, 94, 125) *143
*Halifax/Dartmouth Absorption Rate (weeks):  47 (49, 53, 61.8, 70.6)

Another solid week on the market as we come close to closing out February. New listing additions reported below last years marker and the sales are significantly lower then last year this time as well. Inventory took a slight bump in all sectors, which is typical for this time of year as we approach the spring market. Both condo and single family home values took a hit in value from last week, and still remains lower then last year this time. So it sounds like it wasn't the greatest week on the market this week, but sales are still higher then they have been this year so far and the sales to list ratio made a 1% gain. The other good market indicator is the fact that the absorption rate declined again this week! A slow but steady recovery from our dismal record breaking last quarter and I anticipate that recovery to continue as we edge closer and closer to the spring. Make sure to stop by tomorrow for the monthly stats wrap up for February 2013. 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 Real Estate

Halifax (HRM) Residential Market Statistic Update For Week of Jan 24th to Jan 31st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  365 (330, 394, 331, 206) *416
Sold:  100 (78, 78, 58, 49) *117
Sale to List Ratio: 27% (24%, 20%, 18%, 24%) *28%
Expired/Cancelled/Withdrawn:  87  (98, 136, 82, 453) *155
*Total Active Halifax/Dartmouth Inventory:  3,828 (3,749, 3,697)
Active Single Family Home: 2480 (2427, 2402, 2342, 2264) *2236
Average Single Family Home List Price:  $301,393 ($337,942, $291,321, $270,099, $312,035) *295k
Average Single Family Home Selling Price:  $291,510 ($326,260, $279,929, $264,910, $302,069) *287k
Average Days on  Market Single Family Home: 114 (136, 133, 100, 89) *86
Active Condos:  288  (272, 261, 239, 241) *255
Average Condo Listing Price:  $291,922  ($391,216, $331,385, $367,287, $514,900) *239k
Average Condo Selling Price:  $288,133 ($381,900, $322,707, $356,087, $497,826) *224k
Average Days on Market Condos:  76 (94, 125, 192, 608) *135
*Halifax/Dartmouth Absorption Rate (weeks):  53 (61.8, 70.6, 65.4, 59.7)

Once again we have improved market factors this week as January comes to a close. This week marks the first time this year that sold listings hit over three digits. Its also the highest sales to list ratio and lowest absorption rate we have seen in over a month. Single family home values remain strong coming in just over the 300k mark, a trend that I predict we will average throughout the year. There was only a couple times last year that the average single family home selling price tipped over that margin, but I have a feeling it will become more often then not as we have already witnessed a steady increase of these averages over the past six months. So things are looking up as we head in to February on a positive note, and put the first real estate market month of 2013 in the books. Make sure to stop by tomorrow as its monthly statistic round up day! The January 2013 monthly report will be posted tomorrow so come back to see how current market compares to the last seven years! Thanks for stopping by!

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 property appraisal 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 Real Estate

Halifax (HRM) Residential Market Statistic Update For Week of Jan 17th to Jan 24th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  330 (394, 331, 206, 85) *380
Sold:  78 (78, 58, 49, 42) *115
Sale to List Ratio: 24% (20%, 18%, 24%, 49%) *30%
Expired/Cancelled/Withdrawn:  98 (136, 82, 453, 87) *70
*Total Active Halifax/Dartmouth Inventory:  3,749 (3,697)
Active Single Family Home: 2427 (2402, 2342, 2264, 2472) *2207
Average Single Family Home List Price:  $337,942 ($291,321, $270,099, $312,035, $280,515) *330k
Average Single Family Home Selling Price:  $326,260 ($279,929, $264,910, $302,069, $273,624) *318k
Average Days on  Market Single Family Home: 136 (133, 100, 89, 131) *86
Active Condos:  272  (261, 239, 241, 247) *256
Average Condo Listing Price:  $391,216  ($331,385, $367,287, $514,900, $188,140) *202k
Average Condo Selling Price:  $381,900 ($322,707, $356,087, $497,826, $181,550) *199k
Average Days on Market Condos:  94 (125, 192, 608, 55) *104
*Halifax/Dartmouth Absorption Rate (weeks):  61.8 (70.6, 65.4, 59.7, 56.5)

Another step in the right direction this week with improvement on most market indicators. Despite the frigid weather this week, buyer activity is still positive with good sales and increased inquiries. It is however still a "buyers market" for most of the HRM, but with improving sales and those pesky "stale" listings starting to move, we may yet see a complete shift in listing availability for all of the HRM and not just the "hot spots". Single family home value is the highest it has ever been this week but the stats on a weekly basis right now are a little messed up as there is not as many sold listings to draw a proper average from. That will improve over the next few weeks...Another positive note is that the absorption rate has finally started to decline! This statistic is crucial in the market formula to indicate just which direction we are headed. 

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 property appraisal 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 :)


Newest blog post HERE

Halifax Real Estate

Halifax (HRM) Residential Market Statistic Update For Week of Jan 3rd to Jan 10th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  331  (206, 85, 201, 274) *401
Sold:  58 (49, 42, 89, 74) *75
Sale to List Ratio: 18% (24%, 49%, 44%, 27%) *19%
Expired/Cancelled/Withdrawn:  82 (453, 87, 152, 126) *257
Active Single Family Home: 2342 (2264, 2472, 2515, 2629) *2145
Average Single Family Home List Price:  $270,099 ($312,035, $280,515, $325,183, $285,434) *262k
Average Single Family Home Selling Price:  $264,910 ($302,069, $273,624, $310,464, $277,393) *257k
Average Days on  Market Single Family Home: 100 (89, 131, 120, 101) *115
Active Condos:  239  (241, 247, 251, 259) *258
Average Condo Listing Price:  $367,287  ($514,900, $188,140, $193,105, $299,755) *244k
Average Condo Selling Price:  $356,087 ($497,826, $181,550, $187,266, $288,211) *233k
Average Days on Market Condos:  192 (608, 55, 51, 149) *114
*Halifax/Dartmouth Absorption Rate (weeks):  65.4 (59.7, 56.5, 48.3, 47.1)

Not the greatest start to the new year but a start none the less. Looks like we take a page out of last years book with the stats pretty much in line with this time last year. All the stats are slightly down from last year except for single family home values which tends to keep its average percentage gain steadily throughout the year. On a non-Halifax real estate market topic, I would like to ask the visitors of the site to provide me with some feedback for the new year. Is there any improvements, stats or reports that you would like see on a daily/weekly/monthly basis? After  receiving a little encouragement from a respected peer of mine, I will be adding a video blog shortly that will cover statistic updates and general Halifax real estate news. Thanks for stopping by!

Oh, and for all of you savvy real estate investors out there be sure to check out my new 15 Unit Multi-Residential listing HERE.

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 property appraisal 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 :)


Newest blog post HERE

Halifax Real Estate