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 18th to September 25th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 393 (423, 480, 439, 447) *423
Sold: 133 (123, 105, 110, 135) *110
Sale To Listing Ratio: 34% (30%, 22%, 25%, 30%) *26%
Listings that went conditional/pending: 117 (116, 136, 126, 128) 
Expired/Cancelled/Withdrawn:  169 (146, 141, 311, 136) *137
Total Active Halifax/Dartmouth Inventory:  5,695 (5,730, 5,731, 5,667, 5,813) *5,465
Active Single Family Home: 3,803 (3,830, 3,827, 3,780, 3,879) *3,623
Average Single Family Home List Price:  $273,703 ($303k, $306k, $300k, $324k) *$283k
Average Single Family Home Selling Price:   $260,590 ($292K, $297k, $287k, $311k) *$273k
*Single Family Home Sale to List Ratio This Week: 95% (96%, 97%, 96%, 96%)
Average Days on Market Single Family Home: 125 (105, 120, 113, 117, 114) *105
Active Condos:  526 (524, 521, 516, 549, 545) *419
Average Condo Listing Price:  $257,720 ($253k, 265k, $246k, $243k) *$289k
Average Condo Selling Price:  $249,624 ($244k, $257k, $233k) *$281k
*Condo Sale to List Ratio This Week: 97% (96%, 97%, 97%, 96%)
Average Days on Market Condos:  109  (100, 84, 103, 86) *80
Absorption Rate in weeks:  48 (48, 47, 47, 48) *58
Active Vacant Lots: 1,023 (1,029, 1,028, 1,022, 1,021, 968)


MARKET RANT
Looks like things are back to annual grand standards. Hello everyone, and thank you for stopping by the blog! This week looks like things may return to the normal yearly activity as listings are down, single family home and condo inventory are down, and well...everything is down. Well, except sales and prices. Surprisingly, this week, the average home list and sell fell under the 300K mark for the first time in a while, as the previous months have lead with an over 300K initial list price. AS the summer months taper off, and the majority of the annual market in the rearview, it would be good to mark down if things are destined to continue on the downward trend, or will this year be the last of decline. One can only hope as we head to the quiet winter months of the market, and head to what hopes to be a turnaround year in the forecast.

WEEKLY ADOGTABLE
Hi, I'm Akon! I'm a super sweet boy, looking for my furever home. My new parents will need to enrol me in obedience classes and make sure I get lots of exercise! I would like a home where I can be the king of the castle, no other dogs, kitties or children for me please. I also need my new parents to be aware that I do have food sensitivities so I will need a special diet. If you think I could be a good fit for your family, please come visit :)
Terrier, American Staffordshire/Mix 

This "Buff Buddy" is available through Homeward Bound City Pound, 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!

Newest Blog post HERE

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