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Halifax (HRM) Residential Market Statistic Update for the Week of April 21st - April 28th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 388 (393, 392, 496, 315) *590 Sold: 151 (155, 144, 131, 109) *143 Sale To Listing Ratio: 39% (39%, 37%, 26%, 35%) *24% Price Changes: 275 (193, 190, 238, 135, 130) Listings that went conditional/pending: 181 (182, 184, 179, 146) *150 Expired/Cancelled/Withdrawn: 100 (106, 104, 215, 145) *66 Total Active Halifax/Dartmouth Inventory: 5,051 (4,961, 4,867, 4,776, 4,663) *5,094 Absorption Rate in weeks: 35 (37, 39, 38, 40) *44 Single Family Home Stats Active Single Family Home: 3,391 (3,333, 3,277, 3,207, 3,103) *3,402 Average Single Family Home List Price: $304,058 ($302k, $292k, $297k, $319k) *$295k Average Single Family Home Selling Price: $293,832 ($293k, $278k, $287k, $305k) *$284k Single Family Home Sale to List Ratio This Week: 97% (97%, 95%, 97%, 96%) *97% Median Single Family Home List Price: $269,000 ($277k, $260k, $270k, $275k) Median Single Family Home Sold Price: $262,875 ($271k, $248k, $264k, $260k) Average Days on Market Single Family Home: 85 (98, 100, 86, 89) *112 Condo Stats Active Condos: 450 (446, 434, 419, 442) *557 Average Condo Listing Price: $238,657 ($275k, $217k, $260k, $274k) *$258k Average Condo Selling Price: $228,846 ($267k, $206k, $252k, $268k) *$250k Condo Sale to List Ratio This Week: 96% (97%, 95%, 97%, 98%) *97% Median Condo List Price: $201,950 ($283k, $211k, $200k, $175k) Median Condo Sold Price: $184,750 ($271k, $198k, $195k, $170k) Average Days on Market Condos: 141 (75, 95, 95, 86) *140 Active Vacant Lots: 972 (949, 933, 927, 917) *853 MARKET RANT Now that looks much better! The inventory game of cat and mouse continues this week, this time, with an earlier than predicted report. What appeared to be the very familiar activity of an ever rising level of inventory, did the opposite, proving that the Halifax real estate market is anything but predictable. This week, in the heart of the Spring market, the inventory closed the widening gap between this year and last, and actually reported less inventory then last year at this time. April in itself was a solid month for sales. Even with the lack of Buyers in the market, the listings piling onto the market week over week skewed the positive activity going on under the surface. Even with this positive activity, it looked like we were destined to repeat history by climbing to all new inventory heights, but as I mentioned in earlier posts, I believed the full brunt would be felt in the Summer months. This week might be an indicator of things to come, or in could be just an smooth patch of road heading back down the Buyers market highway. Only time will tell, so make sure to check back in soon for all the latest information. Thanks for stopping by!  WEEKLY ADOPTABLE Edson is a 9 month old Black Lab-Pitty mix. He weighs approx 45 pounds, has recently been neutered and is ready for his forever home. Edson is cuddily and very good with children of all ages, he loves to lay with you and watch TV but he also needs a good long run to help him burn off his energy. He listens quite well but would benefit from further training. Edson's perfect home would be one where someone is home LOTS, one with another dog for him to play with would be great because he is full of energy and loves to play, an owner who is active (hiker, jogger, walker etc) one without cats that are not dog savvy and a fenced in yard. Edson is still very much a puppy and has a lot of puppy energy, he would not do well in a home where he is alone all day or in a kennel for 6-8 plus hours a day This "cuddly companion" is available through Litters 'n Critters, 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. Don't forget to bookmark my page, and visit often!  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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