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Halifax (HRM) Residential Market Statistic Update for the Week of April 14th - April 21st 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 393 (392, 496, 315, 346) *533 Sold: 155 (144, 131, 109, 117) *125 Sale To Listing Ratio: 39% (37%, 26%, 35%, 34%) *24% Price Changes: 193 (190, 238, 135, 130, 133) Listings that went conditional/pending: 182 (184, 179, 146, 163) *162 Expired/Cancelled/Withdrawn: 106 (104, 215, 145, 116) *92 Total Active Halifax/Dartmouth Inventory: 4,961 (4,867, 4,776, 4,663, 4,641) *4,896 Absorption Rate in weeks: 37 (39, 38, 40, 30) *46 Single Family Home Stats Active Single Family Home: 3,333 (3,277, 3,207, 3,103, 3,092) *3,258 Average Single Family Home List Price: $301,975 ($292k, $297k, $319k, $279k) *$306k Average Single Family Home Selling Price: $293,436 ($278k, $287k, $305k, $271k) *$296k Single Family Home Sale to List Ratio This Week: 97% (95%, 97%, 96%, 97%) *97% Median Single Family Home List Price: $276,850($260k, $270k, $275k, $260k) Median Single Family Home Sold Price: $271,200 ($248k, $264k, $260k, $250k) Average Days on Market Single Family Home: 98 (100, 86, 89, 95) *116 Condo Stats Active Condos: 446 (434, 419, 442, 428) *534 Average Condo Listing Price: $274,888 ($217k, $260k, $274k, $292k) *$249k Average Condo Selling Price: $266,494 ($206k, $252k, $268k, $281k) *$241k Condo Sale to List Ratio This Week: 97% (95%, 97%, 98%, 96%) *97% Median Condo List Price: $282,500 ($211k, $200k, $175k, $232k) Median Condo Sold Price: $271,000 ($198k, $195k, $170k, $222k) Average Days on Market Condos: 75 (95, 95, 86, 54) *77 Active Vacant Lots: 949 (933, 927, 917, 906) *831 MARKET RANT Almost a mirror image week from last, and it looks like the soft start to the Spring market continues. Still in better position that last year at this time (except inventory levels), but most of the numbers are markedly better, which still leads me to believe that the impact of the late 2015 end/early 2016 run will be felt eventually. Things to keep a watchful eye on to prove this theory will be the sales to list ratio (which has proven much healthier week over we), overall sales, and the biggest indicator, the sales to list ratio. The STLR has bounced around parody with last year for the most part in the last six months, but with the current boost of activity I'm referring to, it is marginally decreasing week over week and is now a whopping 9 weeks lower than last year at this time. So the absorption rate is reporting much lower in a market that has higher inventory levels? Strange right? Buyer activity has reported positively, and there seems to be that activity still, which is a big difference from last year. The question is, how long will it last.  WEEKLY ADOPTABLE Jack is a 9 year old Yellow Lab boy. He is in awesome shape and loves everyone he meets. Jack is good with dogs, cats and children. We will be getting him neutered as soon as we can get him into the vet. Jack loves to be vacuumed, loves going for walks, is great in the car, and just an all around great guy. This "cuddly companion" is available through Litters 'n Critters, 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 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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