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Halifax (HRM) Residential Market Statistic Update For Week of May 7th - May 14th 2015 (Previous weeks numbers in brackets) *Previous Year's Stats New Listings: 654 (665, 590, 533, 518) *553 Sold: 167 (160, 143, 125, 112) *143 Sale To Listing Ratio: 25% (24%, 24%, 24%, 22%) *26% Listings that went conditional/pending: 176 (150, 174, 150, 162, 146) *158 Expired/Cancelled/Withdrawn: 164 (174, 66, 92, 91) *93 Total Active Halifax/Dartmouth Inventory: 5,337 (5,205, 5,095, 4,896, 4,756) *5,303 Active Single Family Home: 3,610 (3,491, 3,402, 3,258, 3,158) 3,624 Average Single Family Home List Price: $294,907 ($291k, $294k, $306k, $287k) $324k Average Single Family Home Selling Price: $286,277 ($280,068, $284k, $296k) $314k *Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) Average Days on Market Single Family Home: 110 (100, 112, 116, 101) *103 Active Condos: 556 (463, 557, 534, 507) *535 Average Condo Listing Price: $259,773 ($257k, $258k, $249k, $249k) *$266k Average Condo Selling Price: $255,789 ($250k, $250k, $241k, $241k) *$259k *Condo Sale to List Ratio This Week: 98% (97%, 97%, 97%, 97%) Average Days on Market Condos: 140 (90, 140, 77, 109) *104 Absorption Rate in weeks: 46 (47, 44, 46, 47) Active Vacant Lots: 864 (854, 853, 831, 839) MARKET RANT Although we are seeing listings pile onto the late spring market, the buyer activity is enough to keep things quite solid across the board. Hello everyone, and welcome to another weekly market rant! Despite the larger than normal inventory gains this week, the current buyer buzz is keeping things afloat by solid contributions in the areas that count, namely, writing offers. A staggering 176 properties have accepted an offer on their property this week, which should keep our confirmed sales chugging along quite nicely in a few weeks. Values are up across the board, but days on market do not seem to be flinging much, in fact, they are still reflecting a saggy market with a showing of just over 3 months for the average property to sell. The same hard tactics apply in the current market, but new listings can probably feel the difference this year if they had attempt the market in the last few years. All signs are pointing in a good direction, and there is a lot of positive speculation (as always), but as we know, numbers don't lie. Stay tuned for the direction that we will go this year, although, many people are still reluctant and hesitant to get onboard, but lets not forget, it took a while for the fact that we where/are in a turbulent market to hit home as well.  You have room for me? WEEKLY ADOGTABLE Hello, my name is Truffle! I am a big sweetheart looking for a loving home! I am an extremely friendly dog who enjoys affection. I would do best in a home with no dogs or cats. I would like a family that will give me lots of exercise and help me loose a few pounds. I currently weigh 88 pounds. I like to play with toys, run around and be goofy! Everyone who meets me thinks I'm super cute! I have a lovely personality and would make a great companion. Come meet me today! This "Girly girl" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about her, 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 property 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.  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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