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

Halifax (HRM) Residential Market Statistic Update For Week of January 9th to January 16th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  389 (378, 101, 119, 303) *394
Sold:  51 (49, 26, 51, 90) *78
Sale To List Ratio: 13% (13%, 26%, 43%, 30%) *20%
Expired/Cancelled/Withdrawn:  114 (113, 502, 95, 353) *136
Total Active Halifax/Dartmouth Inventory:  4,347 (4,238, 4,087, 4,483, 4,727) *3,697
Active Single Family Home: 2,800 (2,729, 2,632, 2,852, 3,031) *2,402
Average Single Family Home List Price:  $286,360 ($287,474, $299,508, $310,477, $302,000) *291k
Average Single Family Home Selling Price:  $280,295 ($267,447, $288,888, $298,157, $290,985) *280k
Average Days On  Market Single Family Home: 113 (179, 125, 142, 127) *133
Active Condos:  415 (390, 371, 407, 417) *261
Average Condo Listing Price:  $245,728 ($248,400, $253,233, $283,655, $300,515) *331k
Average Condo Selling Price:  $240,664 ($237,100, $243,722, $279,561, $290,515) *323k
Average Days On Market Condos:  107 (135, 110, 70, 110) *125
Halifax/Dartmouth Absorption Rate (weeks):  75 (62, 57, 48, 56) *71

MARKET RANT
We hit a milestone this week on the blog! It has been a year since starting to report the total Halifax/Dartmouth inventory, which by my calculation is 650 more then last year. It's all areas of inventory that are up as well. Single family home inventory is up by 14% while condos increased by a whopping 37%! The sales to list ratio was down significantly again this week, but that's large in part to the time of the year. Mind you, last year at this time we where up by 7 points. Values are down a little this week, as are the days on market for both categories. Inquiries are starting to pick up however, and the warmer weather may be giving buyers a false start to the season. Whatever it it, here's to hoping we get some energy pumped into a slumping market, and get back on track to a healthier state. What's your predictions for the 2014 Halifax property year? Thanks for stopping by!

WEEKLY ADOGTABLE
Scotia is a wonderfully sweet and well behaved girl. She is 6 years old and loves people. She is not all that fond of some other dogs, and she will chase cats so we recommend that she is an only child. Scotia weighs approx. 45 pounds, is very well behaved and exceptionally trained, she listens very well, loves the car, walks well on leash and would look great walking beside you. She is a gorgeous girl inside and out.

This beauty is available through Litters 'N Critters, a non profit rescue organization from Halifax, Nova Scotia. More info about this and other adoptable's looking for their forever home, and ways to help or donate can be found by clicking the picture.

ViewPoint Realty
Are you familiar with ViewPoint Realty? How about the ViewPoint 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 is now more rewarding then ever to become a ViewPoint Client. Click HERE to find out more. More savings and more information, sign up today!

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 leave a public comment or question below. 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.


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