The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)

Halifax (HRM) Residential Market Statistic Update for the Week of March 2nd - March 9th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New Listings: 370  (289, 212, 178, 290) 345
Sold:  89  (97, 103, 79, 91) *100
Sale To Listing Ratio: 24% (34%, 49%, 44%, 31%) *29%
Price Changes: 137 (142, 86, 94, 137) *140
Listings that went conditional/pending: 105 (132, 114, 103, 131)  *141
Expired/Cancelled/Withdrawn:  97 (199, 69, 73, 89) *73
Total Active Halifax/Dartmouth Inventory:  4,367  (4,221, 4,250, 4,217, 4,221) *4,466
Absorption Rate in weeks:  48 (46, 48, 48, 48)  *44

Single Family Home Stats
Active Single Family Home: 2,555  (2,488, 2,476, 2,472, 2,467) *2,914
Average Single Family Home List Price:  $325,392 ($331k, $306k, $298k, $321k) *$283k
Average Single Family Home Selling Price:   $315,771 ($320k, $296k, $290k, $311k)  *$274k
Single Family Home Sale to List Ratio This Week: 97%  (97%, 96%, 97%, 97%) *97%
Median Single Family Home List Price (6 months): $278,944 ($279k, $279k, $280k, $279k) *$245k
​Median Single Family Home Sold Price (6 months): $267,500 ($269k, $268k, $268k, $267k) *$235k
Average Days on Market Single Family Home: 119 (95, 101, 75, 113) *93

Condo Stats
Active Condos:  440  (414, 416, 409, 408, 398) *416
Average Condo Listing Price:  $321,266 ($271k, $233k, $210k, $208k) *$256k
Average Condo Selling Price: $303,416   ($269k, $228k, $203k, $198k) *$247k
Condo Sale to List Ratio This Week: 94% (99%, 98%, 97%, 95%)  96%
Median Condo List Price (6 months): $229,450 ($225k, $230k, $230k, $230k) *250k
Median Condo Sold Price (6 months): $220,000 ($220k, $220k, $221k, $222k) *238k
Average Days on Market Condos: 85 (113, 141, 182, 178, 219) *109

Active Vacant Lots: 1,138  (1,098, 1,122, 1,098, 1,102) *922

Market Rant
Looks like Sellers have finally emerged from the icy grip of this years erratic Winter, and have begun to list! All areas of the market increased in volume this week, with single family home products making the most significant contribution. Buyer activity slowed down a touch from last week, and reported much lower than last year at this time. The seemingly endless Winter might have caused a bit of a delay in overall activity, especially from last year which had a very mild one, but lack of new product choices may have also contributed slower Buyer action. It is still very early in the year however, and things tend to ramp up over the coming weeks. This Spring might be like that of 2015, when market development happened late Spring due to the harsh and unrelenting Winter. I have no doubts that inventory is on the climb, it will be interesting to see just what heights we hit this year. Stay tuned to find out! Thanks for stopping by!

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Could you get over the moon for Luna?

WEEKLY ADOPTABLE
​
Meet new Good Bones Dog Luna! She loves other dogs. Likes cats but places too rough for them. Likes kids but due to her enthusiasm and love to lick, kids should be 6 years or older.​

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

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LET ME HELP YOU OUT
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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