Halifax Real Estate Starts Here!!! Weekly Market update (Every Thursday)

For the week of October 13th to October 20th 2011
Previous weeks  stats  in brackets

New Listings:  397 (368, 414, 369)
Sold:  126 (116, 128, 127)
Sale to List Ratio:   32% (%32, 31%, 34%)
Expired/Cancelled/Withdrawn:  149 (145, 343, 113)
Active Single Family Home:   2986 (3011, 3004,3126)
Average Single Family Home List Price:  $285,399 ($287.019, $256,696, $272,161)
Average Single Family Home Selling Price:   $275,291 ($274,126, $247,369, $265,584)
Average Days on  Market - Single Family Home: 100 (91. 89, 108)
Active Condos:  339 (333, 341, 375)
Average Condo Listing Price:  $194,265 ($247,426, $238,343, $305,329)
Average Condo Selling Price: $189,523 ($240,294, $230,743, $298,670)
Average Days on Market - Condos:  56 (138, 45, 288)

Unless you've been hiding under a rock or had your head in the sand, you are aware of the multi-billion dollar ship building contract that has been awarded to a Halifax based, ship building company. The celebration of this news is also met with anticipation, excitement and opportunity. Having already lived through a boom market, I have experienced first hand the highs and lows associated with buying, selling and investing in such a marketplace. Its not for the faint of heart, but theres no stopping it and actually its already begun.  Now the power rests with the individual to decide to participate or spectate. The key to taking advantage of this type of anticipated market is to make your move before the opportunity passes you by. "He who strikes first, gets the best deal"

Have any thoughts or questions? I would love to hear them. Check back frequently as the Halifax Real Estate Blog goes into overtime with more posts, more content and more Halifax real estate market information.