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Halifax (HRM) Residential Market Statistic Update for the Week of August 11th - August 18th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 306 (316, 305, 294, 319) *282 Sold: 142 (148, 123, 156, 138) *104 Sale To Listing Ratio: 46% (47%, 40%, 53%, 43%) *37% Price Changes: 200 (259, 201, 247, 289) *291 Listings that went conditional/pending: 167 (164, 145, 179, 167) *153 Expired/Cancelled/Withdrawn: 154 (115, 284, 118, 119) *129 Total Active Halifax/Dartmouth Inventory: 5,411 (5,421, 5,389, 5,519, 5,528) *6,006 Absorption Rate in weeks: 38 (38, 39, 39, 39) *48 Single Family Home Stats Active Single Family Home: 3,556 (3,570, 3,564, 3,637, 3,670) *4,085 Average Single Family Home List Price: $277,718 ($275k, $305k, $335k, $320k) *$306k Average Single Family Home Selling Price: $264,996 ($262k, $319k, $291k) *$296k Single Family Home Sale to List Ratio This Week: 95% (95%, 96%, 95%, 96%) *97% Median Single Family Home List Price: $252,450 ($240k, $285k, $280k, $275k) *$265k Median Single Family Home Sold Price: $243,250 ($230k, $274k, $275k, $265k) *$263k Average Days on Market Single Family Home: 102 (90, 98, 86, 96) *104 Condo Stats Active Condos: 502 (507, 493, 504, 495, 483) *516 Average Condo Listing Price: $207,250 ($242k, $241k, $235k, $273k) *$234k Average Condo Selling Price: $198,888 ($234k, $232k, $227k, $264k) *$224k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) *96% Median Condo List Price: $184,400 ($210k, $227k, $229k, $230k) *228k Median Condo Sold Price: $179,750 ($205k, $222k, $225k, $225k) *219k Average Days on Market Condos: 61 (65, 94, 86, 46) *77 Active Vacant Lots: 1,088 (1,072, 1,060, 1,096, 1,084) *1,088 MARKET RANT Lazy Summer days seem to be taking ahold of the market this week, which is a typical trend for this time of year. Of note, buyer activity, which is reporting higher than last year at this time, and sales are trending much higher week over week then last year at this time as well continuing the solid sales to list ratio report. Price changes are reporting fewer this week than last year, but I would think that the lower inventory and more competitive pricing has something to do with that. Absorption rate held fast this week, and sales values reported lower than normal again, begging the question of if we are in the middle of a pricing correction here in Halifax, or if there has simply been more movement in the first time homebuyers and lower priced products categories. Things may be tapering off for the Summer, and I would anticipate that to carry into the first couple of weeks of September, buy it appears that buyers are carrying the momentum forward. Anxious to see how the fall report will turn out, as this year has definitely taken a few steps forward on the road to recovery so far. Ultimately, time will tell the full impact of the annual report. Thanks for stopping by!  WEEKLY ADOPTABLE Oden is a high-energy amstaff that is searching for his new home! Oden is only approximately 10-months-old, and seems to be good with dogs, cats, and kids - he is jumpy and excitable so the parents would need to be okay with this. Oden has energy for DAYS and would love a very active home so he can develop into a strong, healthy adult. Oden doesn't have many manners yet, so obedience training is a MUST upon adoption. Oden also has some separation anxiety, so we're looking for a family that isn't gone for extended periods of time. If you are unable to be home for several hours a day, you will need to make sure he is comfortable at home and/or take the steps necessary to make him less reactive when left alone. If you're looking for a young pup to train and love, pop by and take Oden for a run today! 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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