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Halifax (HRM) Residential Statistic Update for the Week of May 25th - June 1st, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 387 (416, 400, 420, 485) *382 Sold: 180 (178, 213, 203, 174) *171 Sale To Listing Ratio: 47% (43%, 53%, 48%, 36%) *45% Price Changes: 248 (191, 209, 236, 228) *333 Listings that went conditional/pending: 248 (213, 203, 241, 230) *208 Expired/Cancelled/Withdrawn: 218 (64, 99, 93, 308) *231 Total Active Halifax/Dartmouth Inventory: 4,862 (4,947, 4,860, 4,776, 4,700) *5,319 Absorption Rate in weeks: 25 (26, 26, 28, 29) *35 Single Family Home Stats Active Single Family Home: 2,987 (3,026, 2,971, 2,918, 2,850) *3,576 Average Single Family Home List Price: $326,035 ($324k, $339k, $330k, $357k) *$297k Average Single Family Home Selling Price: $316,462 ($315k, $329k, $321k, $344k) *$288k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $278,944 ($279k,$275k,$280k,$280k)*$276k Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$269k,$273k,$273k)*$272k Average Days on Market Single Family Home: 60 (70, 65, 68, 86) *81 Condo Stats Active Condos: 481 (505, 504, 496, 500) *478 Average Condo Listing Price: $289,466 ($261k, $252k, $206k, $267k) *$225k Average Condo Selling Price: $281,214 ($249k, $243k, $196k, $257k) *$218k Condo Sale to List Ratio This Week: 97% (96%, 96%, 96%, 96%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $228k, $225k, $225k) *$200k Median Condo Sold Price (6 mo): $220,000 ($220k, $216k, $215k, $216k) *$188k Average Days on Market Condos: 150 (151, 98, 52, 70, 95) *42 Active Vacant Lots: 1,145 (1,158, 1,128, 1,104, 1,102) *1,023 Market Rant The weather here in Halifax is starting to heat up (finally), and our already hot market turns up the dial a few degrees in this weeks market rant! There's quite a few familiar, or similar, statistics on par with last year at this time, but there are certainly more positive indicators that can be found the year. Although new listings and sales numbers match, buyer activity, as reported by the listings that went pending, and overall values are way up compared to last year. Days on market, price reductions and expiries are down, but I wonder if that is because the overall reduced inventory we have seen this year so far. Speaking of inventory, this week joins several others this year contradicting the trend of the Spring overload with another reduction week. This one was quite significant as well. Sure, the beginning/first of the month churn still takes place, but it seems as though many of the expired/cancelled listings did not return to the market this week, lessening the effect of that trend. With reduced and reducing inventory, and surging buyer activity, without more sellers giving up their property for additional options, buyers continue to experience a market with less options. Again, great for sellers overall, but buyers might be finding themselves blanked by the current market state. Certainly felt across the industry here, and I wonder how long the trend will hold, and just how far it will go. Stay tuned to find out, and thanks for stopping by!
Luna is ready for fun!WEEKLY ADOPTABLE Meet 2 year old Am Staff Mix Luna. Luna is on a grain free diet. She is very happy and fit. Very loving and fun gal but sometimes anxious with dogs visiting her home so we are seeking a pet free, young child free home for her. Mandatory enrollment in training for bonding and safe socialization. This "cuddly companion" is available through Good Bones Dog Rescue, 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.ca 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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