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Halifax (HRM) Residential Market Statistic Update for the Week of March 30th - April 6th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 416 (306, 289, 345, 370) *496 Sold: 141 (112, 117, 118, 89) *131 Sale To Listing Ratio: 34% (37%, 41%, 34%, 24%) *26% Price Changes: 166 (156, 116, 125, 137) *238 Listings that went conditional/pending: 176 (145, 163, 160, 105) *179 Expired/Cancelled/Withdrawn: 230 (73, 78, 72, 97) *215 Total Active Halifax/Dartmouth Inventory: 4,596 (4,577, 4,490, 4,459, 4,367) *4,776 Absorption Rate in weeks: 38 (43, 43, 44, 48) *38 Single Family Home Stats Active Single Family Home: 2,733 (2,696, 2,639, 2,624, 2,555) *3,207 Average Single Family Home List Price: $297,459 ($313k, $314k, $357k, $325k) *$297k Average Single Family Home Selling Price: $286,961 ($305k, $306k, $346k, $316k) *$287k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $274,900 ($278k, $279k, $276k,$279k) *$270k Median Single Family Home Sold Price(6 mo): $265,500 ($268k,$268k,$267k,$268k)*$264k Average Days on Market Single Family Home: 115 (89, 86, 89, 119) *86 Condo Stats Active Condos: 466 (465, 452, 440, 440, 414) *419 Average Condo Listing Price: $223,500 ($252k, $334k, $298k, $321k) *$260k Average Condo Selling Price: $215,000 ($244k, $320k, $290k, $303k) *$252k Condo Sale to List Ratio This Week: 96% (97%, 96%, 97%, 94%) 97% Median Condo List Price (6 mo): $219,900 ($225k, $225k, $225k, $230k) *$200k Median Condo Sold Price (6 mo): $215,000 ($215k, $218k, $219k, $220k) *$195k Average Days on Market Condos: 70 (56, 87, 146, 85, 113) *95 Active Vacant Lots: 1,154 (1,174, 1,161, 1,158, 1,138) *927 Market Rant .Welcome to the Spring market, although it sure doesn't fell like it out there. The first week if April is the unofficial marker for sellers to aim at, but the dreary forecast has put a "damper" on their plans. Still a good showing this week despite the white stuff, but definitely fell short of last years listing additions with that whopping 496 count. Buyer activity remains steady and on par with last year at this time, and did manage to surpass last years report. Values remain steady, although single family homes took a bit of an undercut, but overall prices are holding strong. I would be pretty vain to think my rant last week regarding vacant land had anything to do with the decrease in inventory in quite a while, but it does seem pretty coincidental, especially for this time of year! More likely, it was a few larger developments that have paused their listings to try again another day, but I wonder... With the first quarter in the bag, I will be interested to see how the market reported overall, and I plan on getting that report to the blog asap! You will have to stop by to see for yourself! Thanks for checking in, and don't hesitate to reach out should you have any questions regarding the Halifax Real Estate Market, or if you are thinking of buying or selling!  WEEKLY ADOPTABLE Meet Hunter. A 2 year old Rottweiller. He loves people, playing fetch and other dogs. He is social but cats unknown. He dislikes vets and is sensitive to touch around his head and neck so although he loves kids we say no kids because of this. This "cuddly companion" is available through 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. Don't forget to bookmark my page, and visit often!  The ViewPoint.ca 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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