Halifax (HRM) Residential Market Statistic Update For Week of March 3rd - March 10th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 345 (366, 266, 254, 252) *425 Sold: 100 (116, 100, 95, 86) *91 Sale To Listing Ratio: 29% (32%, 38%, 37%, 34%) *21% Price Changes: 140 (141, 139, 121, 103) Listings that went conditional/pending: 141 (172, 142, 117, 115) *107 Expired/Cancelled/Withdrawn: 73 (163, 77, 104, 115) *112 Total Active Halifax/Dartmouth Inventory: 4,466 (4,347, 4,303, 4,261, 4,211) *4,472 Absorption Rate in weeks: 44 (44, 45, 44, 47) *49 Single Family Home Stats Active Single Family Home: 2,914 (2,829, 2,777, 2,739, 2,723) *2,896 Average Single Family Home List Price: $282,976 ($281k, $281k, $274k, $298k) *$297k Average Single Family Home Selling Price: $273,612 ($272k, $269k, $260k, $285k) *$286k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 95%, 96%) *96% Median Single Family Home List Price: $244,900($260k, $272k, $250k, $260k) Median Single Family Home Sold Price: $235,000 ($257k, $265k, $237k, $255k) Average Days on Market Single Family Home: 93 (100, 90, 105, 122) *128 Condo Stats Active Condos: 416 (402, 400, 394, 379) *478 Average Condo Listing Price: $255,685 ($305k, $277k, $260k, $282k) *$257k Average Condo Selling Price: $246,500 ($295k, $268k, $252k, $277k) *$248k Condo Sale to List Ratio This Week: 96% (97%, 96%, 97%, 98%) *97% Median Condo List Price: $249,900 ($301k, $191k, $220k, $276k) Median Condo Sold Price: $237,500 ($295k, $186k, $215k, $265k) Average Days on Market Condos: 109 (80, 121, 126, 159) *71 Active Vacant Lots: 922 (901, 903, 900, 882) *838 MARKET RANT We are on the edge of converging! The warm weather this year has certainly been a welcome surprise for most, including sellers, and it turns out that market activity adapting to the season. The weekly new listing additions and sales reported averagely, but the listings that expired, or were cancelled, were much lower than normal causing gain. This little turn of events has caused the gap to narrow that much further between the overall inventory from this year to last. In fact, the single family home and vacant land numbers are already back up over this time last year, with Condo inventory being the marker keeping the market weighted. Buyer activity is still up, however, an I can't help reflect on the stark contrast between the punishing winter of last year to the easy breezy one we are currently experiencing. With current activity reporting in a positive light, I would anticipate the real impact of our market conditions to reveal itself by mid Summer, if you can wait that long. Stay tuned to keep track of all the ups and downs of the Halifax real estate market, and be sure to check back soon for the February wrap up! Thanks for stopping by! ![]() WEEKLY ADOPTABLE Meet Enano! This sweet female bull mastiff mix is Enano. She is very loving and enjoys the company of people. She is looking for a home where her medical needs can be looked after as she begins to age. A home with children 12 yrs of age or older may be better suited for Enano. This "cuddly companion" is available through the the Dartmouth SPCA, 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! 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.. ListingsPhoto's by Jeremiah
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