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

Halifax (HRM) Residential Market Statistic Update For Week of February 19th to February 26th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

New Listings: 295 (304, 339, 426, 447) *336
Sold: 99 (92, 93, 95, 67) *92
Sale To Listing Ratio: 34% (30%, 27%, 22%, 15%) *27%
Listings that went conditional/pending:  88 (102, 102, 105, 105)  *107
Expired/Cancelled/Withdrawn:  52 (97, 81, 269, 215) *72
Total Active Halifax/Dartmouth Inventory:  4,369 (4,358, 4,328, 4,293, 4,349) *4,339
Active Single Family Home: 2,857 (2,862, 2,852, 2,821, 2,830) 2,775
Average Single Family Home List Price:  $296,520  ($304k, $274k, $287k, $281K) $309k
Average Single Family Home Selling Price:   $287,322 ($294k, $265k, $275k, $270k)  $292k
*Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 96%, 96%) 
Average Days on Market Single Family Home: 134 (115, 105, 120, 109) *124
Active Condos:  432 (427, 420, 412, 410) *455
Average Condo Listing Price:  $267,011 ($253k, $242k, $234k, $230k) *$248k
Average Condo Selling Price:  $256,168 ($247k, $238k, $223k, $220k) *$241k
*Condo Sale to List Ratio This Week: 96% (97%, 98%, 95%, 96%)
Average Days on Market Condos:  110 (53, 76, 105, 134) *73
Absorption Rate in weeks:  46 (50, 64, 60, 75) *58
Active Vacant Lots: 830 (816, 801, 800, 848)

MARKET RANT
As our weather continues to put the freeze on our fair city, the real estate market seems to be trucking along with hardly a blink. There are a few stats that you could probably blame, at least partially, on the slick roads and frigid temps, but the overall outlook is persevering. Sales had solid showing this week, as did the number of listings that went conditional, which means there is still life out there mucking through the ice covered walkways to venture into that potential property. Listings, again, where a little on the shy side comparably, but even with the reduced amount of new listings this week put us above last years inventory in all marked products. Sale prices, however, took a little knock at the knees, and the days on market for both products averaged around the four month mark. Hopefully, the sun will be out soon enough to melt the white stuff away for the year, to heat up the city, and hopefully, our market.

WEEKLY ADOGTABLE
Titus is a 3 year old AmStaff mix who can be shy but warms up quickly. Titus is a very happy and energetic boy. Titus has not had a lot of socialization in his past and can be can be nervous in new situations, he will need a strong leader to build his confidence. He should be in a home with children over 10, as he can be very jumpy when overstimulated. Titus loves to go on walks, but still needs to work on his leash skills. Obedience classes will be mandatory for anyone wishing to adopt this handsome boy! Stop by and meet Titus today!

This "loving lad" 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.

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 property 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. 

The ViewPoint Realty Map

VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty, real estate map? Its a great 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