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Halifax (HRM) Residential Market Statistic Update For Week of January 1st -January 7th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 252 (247, 197, 232, 241) *364 Sold: 53 (82, 84, 116, 102) *38 Sale To Listing Ratio: 21% (43%, 43%, 50%, 42%) *10% Price Changes: 133 (121, 118, 166, 214) Listings that went conditional/pending: 75 (100, 99, 99, 109) *64 Expired/Cancelled/Withdrawn: 706 (311, 154, 525, 185) *101 Total Active Halifax/Dartmouth Inventory: 4,195 (4,850, 4,850, 4,893, 5,235) *4,117 Absorption Rate in weeks: (45, 45, 44, 50) 70 Single Family Home Stats Active Single Family Home: 2,747 (3,144, 3,174, 3,427, 3,472) *2,679 Average Single Family Home List Price: $339,737 ($303k, $362k, $344k, $291k) *$299k Average Single Family Home Selling Price: $321,178 ($290k, $346k, $327k, $279k) *$287k Single Family Home Sale to List Ratio This Week: 95% (96%, 96%, 95%, 96%) *96% Median Single Family Home List Price: $239,000 ($256k, $278k, $290k, $275k) Median Single Family Home Sold Price: $238,000 ($249k, $276k, $283k, $263k) Average Days on Market Single Family Home: 151 (110, 102, 105, 104) *115 Condo Stats Active Condos: 349 (408, 408, 418, 432) *377 Average Condo Listing Price: $309,587 ($219k, $219k, $350k, $270k) *$239k Average Condo Selling Price: $283,037 ($208k, $208k, $326k, $260k) *$230k Condo Sale to List Ratio This Week: 91% (95%, 95%, 93%, 96%) *96% Median Condo List Price: $213,900 ($247k, $247k, $245k, $209k) Median Condo Sold Price: $202,000 ($237k, $237k, $232k, $200k) Average Days on Market Condos: 209 (91, 91, 150, 91) *122 Active Vacant Lots: 872 (941, 1,036, 1,035, 1,071) *809 MARKET RANT Happy New Year everyone, and welcome back! As anticipated, this week will still show general market inconstancies due to the holiday season, for instance, sales reported a mere 53 on the week which is actually 15 more than last year if you can believe it. Speaking of last year, the stats continue to narrow, and we are actually kicking off the year on a positive note. For the first time in a long time, we are within double digits of overall and single family home inventory levels, and condo inventory continues to report lower and lower. Values are a bit out of whack the week, but the low number of sales has caused some fluctuation across the board. I would focus on the median home prices to get an idea of whats selling, to me, it seems like entry level products are the holiday flavour. Exciting start to the new year, and I know there are more than a few people with fingers crossed that 2016 will usher in a rebound for the Halifax real estate market, you'll have to stay tuned to find out! Be sure to stop by for the 2015 year end wrap up, which will be posted soon!  Full time snuggling position wanted WEEKLY ADOGTABLE Merlin is a sweet boy looking for an active home! He is around 11 months old and weighs 51 pounds. Merlin is super friendly with everyone he meets! He enjoys playing with his toys and receiving affection. Merlin would like to go to obedience classes upon adoption so he can learn basic manners and some new tricks! Merlin would like a home with no cats, and will need some more socialization before he is comfortable being around other dogs. He is a very smart boy who likes to work and will learn quick! This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, 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. Thanks for stopping by!  The ViewPoint Realty Interactive Property Map 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. 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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