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Halifax (HRM) Residential Market Statistic Update for the Week of October 27th - November 3rd, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 374 (237, 299, 223, 321) *291 Sold: 114 (102, 111, 125, 139) *98 Sale To Listing Ratio: 31% (43%, 37%, 56%, 43%) *34% Price Changes: 195 (193, 222, 187, 226) *250 Listings that went conditional/pending: 123 (125, 155, 119, 139) *126 Expired/Cancelled/Withdrawn: 458 (130, 171, 119, 420) *729 Total Active Halifax/Dartmouth Inventory: 4,905 (5,085, 5,099, 5,133, 5,161) *5,407 Absorption Rate in weeks: 43 (43, 40, 38, 37) *53 Single Family Home Stats Active Single Family Home: 3,034 (3,162, 3,158, 3,210, 3,267) *3,593 Average Single Family Home List Price: $290,482 ($286k, $293k, $287k, $336k) *$295k Average Single Family Home Selling Price: $279,979 ($274k, $283k, $278k) *$292k Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 97%, 96%) *99% Median Single Family Home List Price (6 months): $274,900 ($275k, $275k, $275k, $287k) *$280k Median Single Family Home Sold Price (6 months): $267,000 ($267k, $268k, $268k, $270k) *$270k Average Days on Market Single Family Home: 115 (91, 109, 112, 87) *115 Condo Stats Active Condos: 480 (491, 486, 488, 471) *445 Average Condo Listing Price: $256,583 ($216k, $180, $170k, $308k) *$440k Average Condo Selling Price: $245,641 ($205k, $170k, $164k, $299k) *$429k Condo Sale to List Ratio This Week: 96% (95%, 94%, 96%, 97%) 98% Median Condo List Price (6 months): $234,900 ($237k, $239k, $240k, $320k) *285k Median Condo Sold Price (6 months): $225,000 ($228k, $231k, $235k, $308k) *280k Average Days on Market Condos: 96 (110, 68, 31, 177, 81) *76 Active Vacant Lots: 1,129 (1,158, 1,156, 1,157, 1,145) *1,073 Market Rant Historically, November 1st and the first week of November mark the highest reduction from the market over the year, this week is no exception with 458 products coming off the market. Not as drastic as the 729 products that retreated last year at this time, but still enough to call significant. Granted, some listing contracts expire on the first of the month, and I would assume that the majority of property sellers would rather not sell their property in the winter, but there was a bit more of "let's keep testing the market" attitude comparably. Maybe the milder weather has kept the selling spirit alive, with a good sum of sellers rolling the dice for another commitment. Although some of these listings have come back to market and in higher numbers than last year, the overall inventory levels across the board are much healthier then last year. Values remain steady, and other stats reported averagely, so it would seem we are headed towards the sleepy valley of the winter market...but not willingly! Thanks for stopping by!  WEEKLY ADOPTABLE Jack is approx 1 year old, a Boxer- Lab mix and one of the sweetest down to earth dogs you will ever meet. He will pretty much do whatever to please his humans. He LOVES to cuddle and will get as close to you as possible if you allow him to sleep In a bed with you. He hates to be alone and will follow you everywhere. He is very strong and fast. He is very smart and a very fast learner. He has shown no signs of food aggression, however he does eat extremely quickly but each day he is improving on this as we remind him to "leave it". He is extremely gentle with treats as long as you say "gentle", otherwise he takes them a little fast from the hand. He LOVES to run and play fetch and can go for hours on end outside. He hasn't been around children while in our care but his report from what I could understand does say no babies/small children. He does like to jump on you so this may be why. He is also a little unpredictable with cats and I'm assuming he would be the same around small dogs. He is extremely interested and runs up to them really fast but hasn't growled or tried to bite them or anything of that nature. To be safe, we suggest a no cat/no small dog home would be best for Jacky boy. A home where someone is home often and where he won't be left alone for long periods would be best. Also, he does feed off other people and other dogs energy and I think he would do best in a home with older kids who understand this and aren't pulling and tugging at him. This "cuddly companion" is available through the Litters n' Critters, a non profit rescue organization from Dartmouth, 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 Realty 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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