The Halifax Real Estate Blog Weekly Market Rant and Statistics Report by Jeremiah Wallace (Every Thursday)

Halifax (HRM) Residential Market Statistic Update For Week of September 11th to September 18th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 413 (480, 439, 447, 411, 474) *441
Sold: 123 (105, 110, 135, 134, 108) *88
Sale To Listing Ratio: 30% (22%, 25%, 30%, 33%, 23%) *20%
Listings that went conditional/pending: 116 (136, 126, 128, 132, 143) 
Expired/Cancelled/Withdrawn:  146 (141, 311, 136, 28, 131) *138
Total Active Halifax/Dartmouth Inventory:  5,730 (5,731, 5,667, 5,813, 5,783, 5,811) *5,473
Active Single Family Home: 3,830 (3,827, 3,780, 3,879, 3,900, 3,927) *3,617
Average Single Family Home List Price:  $302,552 ($306k, $300k, $324k, $300k) *$2978
Average Single Family Home Selling Price:   $292,003 ($297k, $287k, $311k, $286k) *$270k
*Single Family Home Sale to List Ratio This Week: 96% (97%, 96%, 96%, 97%, 95%)
Average Days on Market Single Family Home: 105 (120, 113, 117, 114, 94) *100
Active Condos:  524 (521, 516, 549, 545, 548) *403
Average Condo Listing Price:  $252,900 (265k, $246k, $243k, $256k) *$248k
Average Condo Selling Price:  $243,662 ($257k, $233k, $248k) *$238k
*Condo Sale to List Ratio This Week: 96% (97%, 97%, 96%, 97%)
Average Days on Market Condos:  100  (84, 103, 86, 137) *131
Absorption Rate in weeks:  48 (47, 47, 48, 46) *51
Active Vacant Lots: 1,029 (1,028, 1,022, 1,021, 968, 962)


MARKET RANT
Little bit of market reluctancy this week as most statistics remain relatively on par with the last few weeks. So normal decline is being ignored, and market activity is actually up! If you have read the blog before yo will know that I believe that this is the "sweet spot" to sell your home in. Most people think the spring is the best, but the fall is my horse to bet on. Listings are down or declining, sale to list is up, lots of products coming off the market and there always seems to be a burst of buyers right after school starts. All other number look relatively intact, and both products edge over 3 months of exposure before deciding which way to go if there is no sale. Let's hope the momentum keeps going, but most likely, as soon as the snow fly's we will see our market return to normal.

WEEKLY ADOGTABLE
Hi my name is Chevy , I am a sweet little girl that has a lot of energy , I love rough and tumble play with my foster brother and can be quite feisty when I get excited , I will require a firm leader who won't allow me to get away with this behavior just because I am cute!

Like any pup my age I am a clean slate so will be able to live in pretty much any household , cats kids other dogs would be fine. I am going to need regular exercise as well as mental stimulation , so a home where I am not going to be left all day crated whilst you are at work is what I need , puppy socialization/obedience classes are also mandatory for anyone who would like to make me a part of their family. 

I will be fully vetted soon and then ready for my forever home

This "little lady" is available through Nova Scotia Pitbull Rescue Society, a non profit rescue organization from Halifax, Nova Scotia. More info about her, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

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VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty, 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! 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 hay needle? 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 process.

The ViewPoint Realty Map

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!

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