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Halifax (HRM) Residential Market Statistic Update for the Week of June 30th - July 7th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 332 (403, 356, 397, 382) *464 Sold: 128 (165, 168, 171, 171) *138 Sale To Listing Ratio: 37% (41%, 47%, 43%, 45%) *30% Price Changes: 227 (287, 302, 329, 333) *326 Listings that went conditional/pending: 138 (170, 172, 203, 208) *163 Expired/Cancelled/Withdrawn: 306 (161, 114, 148, 231) *126 Total Active Halifax/Dartmouth Inventory: 5,470 (5,518, 5,455, 5,377, 5,319) *5,800 Absorption Rate in weeks: 35 (33, 33, 33, 33) *37 Single Family Home Stats Active Single Family Home: 3,633 (3,652, 3,653, 3,605, 3,576) *3,971 Average Single Family Home List Price: $298,203 ($296k, $311k, $307k, $297k) *$287k Average Single Family Home Selling Price: $286,599 ($287k, $302k, $299k, $288k) *$279k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price: $269,999 ($260k, $279k, $285k, $276k) *$270k Median Single Family Home Sold Price: $265,000 ($252k, $272k, $277k, $272k) *$260k Average Days on Market Single Family Home: 80 (73, 78, 80, 81) *72 Condo Stats Active Condos: 492 (504, 494, 486, 478) *520 Average Condo Listing Price: $262,345 ($235k, $224k, $232k, $225k) *$257k Average Condo Selling Price: $254,800 ($226k, $216k, $224k, $218k) *$247k Condo Sale to List Ratio This Week: 97% (96%, 97%, 96%, 97%) *96% Median Condo List Price: $255,500 ($218k, $210k, $232k, $200k) *225k Median Condo Sold Price: $237,500 ($205k, $204k, $220k, $188k) *226k Average Days on Market Condos: 84 (176, 85, 75, 42) *118 Active Vacant Lots: 1,074 (1,094, 1,043, 1,030, 1,023) *1,013 MARKET RANT Looks like we have hit the peak of the year, and have started our slow decline into the remainder of the year. Hello everyone, and thanks for stopping by the Halifax Real Estate Blog. Activity appears to have tapered off a bit this week with most many stats reporting below average. New listing additions are down, sales are down,and listing's that went conditional are also down. Really, the only thing that is up is the number of expired/cancelled listings (by a lot), and the absorption rate (which isn't a good thing). Values remain steady however, and they have remained so this year albeit with a few ups and downs. Hopefully this is just a speed bump week on the market, and the remaining Summer months end up getting back on track. Historically however, Summer tends to be one of the slowest times on the market, and it's starting to look like this year isn't any different. Stay tuned for the latest market updates, including the June monthly summary!  Could Madonna be a lucky star and get adopted? WEEKLY ADOPTABLE Madonna is looking for a family that can show her how to be a true dog! This gal has been lacking proper socialization, so she is hoping her new family can enrol her in obedience classes. She does get along with other dogs, but a proper introduction is recommended. Madonna is quite playful and would love to have an active family that can take her to all kinds of fun places. Energy release is key! If you're interested in making a new addition to your furry family, come meet Madonna today This "cuddly companion" is available through the Homeward Bound City Pound, 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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