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Halifax (HRM) Residential Market Statistic Update for the Week of January 19th-26th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 265 (225, 254, 218, 59) *290 Sold: 96 (82, 66, 65, 36) *104 Sale To Listing Ratio: 36% (36%, 26%, 30%, 61%) *36% Price Changes: 109 (106, 107, 83, 36) *134 Listings that went conditional/pending: 101 (100, 83, 57, 37) *135 Expired/Cancelled/Withdrawn: 101 (124, 133, 476, 103) *139 Total Active Halifax/Dartmouth Inventory: 4,171 (4,106, 4,105, 4,081, 4,343) *4,244 Absorption Rate in weeks: 54 (66, 64, 58, 56) *62 Single Family Home Stats Active Single Family Home: 2,423 (2,388, 2,402, 2,387, 2,521) *2,752 Average Single Family Home List Price: $285,418 ($304k, $319k, $365k, $331k) *$249k Average Single Family Home Selling Price: $272,578 ($293k, $306k, $352k, $330k) *$241k Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 97%, 99%) *97% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$225k Median Single Family Home Sold Price (6 months): $269,250 ($270, $270k, $270k, $270k) *$223k Average Days on Market Single Family Home: 92 (117, 101, 111, 112) *107 Condo Stats Active Condos: 406 (393, 383, 396, 425) *376 Average Condo Listing Price: $271,758($220k, $206k, $291k, $575k) *$236k Average Condo Selling Price: $266,108 ($209k, $198k, $281k, $538k) *$227k Condo Sale to List Ratio This Week: 98% (95%, 96%, 97%, 94%) 96% Median Condo List Price (6 months): $229,900 ($230k, $230k, $235k, $235k) *230k Median Condo Sold Price (6 months): $222,200 ($225k, $225k, $226k, $225k) *217k Average Days on Market Condos: 97 (126, 92, 99, 91, 131) *95 Active Vacant Lots: 1,099 (1,084, 1,173, 1,150, 1,126) *887 Market Rant Spring is in the air, or so it would seem. Maybe the lack of snow and cold temperatures have tricked people into thinking it's actually April, but there is definitely a Spring vibe in the market to kick off the new year. Buying inquiries are up, listing inquires are up, and so is the overall inventory across the board. The only thing that is down, it would seem, is the absorption rate which fell quite dramatically this week. A few anomaly weeks to end 2016 and start 2017 have given a bit of a marker for this to happen, but the absorption rate made a significant reduction as we rally toward the "real" stats of the year. I guess we will have to wait and see if it holds. All in all we lead off the year on a good note, and it will be interesting to see if we finally take the momentum from early 2016 and run with it. You will have to stay tuned to find out! Thanks for stopping by!  Just look at that face! WEEKLY ADOPTABLE Harriet is a keen, beautiful lady prepared to build a bond with a family who has lots of time to commit to a companion. She is a very loving girl but does have some behavioural issues that need to be addressed. Her adoption requirements are as follows: -Children over the age of 12. -A home free of other pets. -A family that is not away from home for long periods of time due to separation anxiety. -Enrolment in obedience classes is mandatory upon adoption. This "cuddly companion" is available through 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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