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Halifax (HRM) Residential Market Statistic Update For Week of February 4th - February 11th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 252 (265, 290, 274, 261) *339 Sold: 86 (101, 104, 68, 70) *93 Sale To Listing Ratio: 34% (38%, 36%, 25%, 27%) *27% Price Changes: 103 (152, 136, 136, 134) Listings that went conditional/pending: 115 (117, 135, 137, 96) *102 Expired/Cancelled/Withdrawn: 115 (132, 139, 128, 119) *81 Total Active Halifax/Dartmouth Inventory: 4,211 (4,183, 4,244, 4,228, 4,234) *4,328 Absorption Rate in weeks: 47 (49, 58, 62) *64 Single Family Home Stats Active Single Family Home: 2,723 (2,703, 2,752, 2,755, 2,771) *2,852 Average Single Family Home List Price: $298,146 ($274k, $249k, $261k, $296k) *$274k Average Single Family Home Selling Price: $286,161 ($261k, $241k, $252k, $282k) *$265k Single Family Home Sale to List Ratio This Week: 96% (95%, 97%, 97%, 94%) *97% Median Single Family Home List Price: $259,900 ($250k, $225k, $247k, $240k) Median Single Family Home Sold Price: $254,450 ($240k, $223k, $243k, $235k) Average Days on Market Single Family Home: 122 (131, 107, 137, 127) *105 Condo Stats Active Condos: 379 (375, 376, 361, 357) *420 Average Condo Listing Price: $282,320 ($241, $236k, $231k, $257k) *$242k Average Condo Selling Price: $276,890 ($233k, $227k, $220k, $242k) *$238k Condo Sale to List Ratio This Week: 98% (97%, 96%, 95%, 94%) *98% Median Condo List Price: $276,000 ($219k, $222k, $230k, $230k) Median Condo Sold Price: $264,900 ($209k, $217k, $215k, $225k) Average Days on Market Condos: 159 (140, 95, 110, 114) *76 Active Vacant Lots: 882 (874, 887, 886, 882) *801 MARKET RANT Not a bad week on the market despite the dump of snow we received earlier in the week. Even with 40cm of snow falling on Halifax, it didn't stop 252 properties from hopping on the market this week, and it didn't slow down 115 Buyers from offering on properties either, so I would say things are moving forward regardless of what mother nature tosses at us. It is a good time to start thinking of selling property, as we approach the Spring market, giving ample time to consider your marketing strategy and weigh listing options is always good idea. I imagine with the news of a slightly improved market coupled with an injection of new buyers (hopefully), Sellers may be ready to test the waters again, or attempt a first try at least. Will that rush put the overall inventory numbers to even greater heights this year, or have things finally changed directions? Hard to predict at this point, but if I was a betting man, I would go out on a limb and predict that this year will be different then the last few. Guess only time will tell. Thanks for stopping by! Don't miss the monthly wrap up report for January 2016, simply scroll down to check out how the first month of the year placed!  Who's looking for snuggles? WEEKLY ADOGTABLE Introducing 11 Month old am staff mix, Jet. This delightful boy is in need of stability in a home and needs a daily walk to drain energy. He is neutered and up to date on all vaccinations.He is full of energy and has a prey drive so he would like an active lifestyle home .He has had some obedience training. He would do best in a cat free, small dog free and no small kids as he is excitable. As with all good bones adoptables, proof of enrollement in training is mandatory to adopt. If you are considering adopting Jet then we recommend that you also consider Trupanion Pet Insurance This "cuddly companion" is available through the 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. Thanks for stopping by!  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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