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Halifax (HRM) Residential Market Statistic Update for the Week of October 20th - 27th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 237 (299, 223, 321, 278) *257 Sold: 102 (111, 125, 139, 141) *118 Sale To Listing Ratio: 43% (37%, 56%, 43%, 51%) *46% Price Changes: 193 (222, 187, 226, 229) *274 Listings that went conditional/pending: 125 (155, 119, 139, 144) *107 Expired/Cancelled/Withdrawn: 130 (171, 119, 420, 130) *428 Total Active Halifax/Dartmouth Inventory: 5,085 (5,099, 5,133, 5,161, 5,368) *5,667 Absorption Rate in weeks: 43 (40, 38, 37, 44) *53 Single Family Home Stats Active Single Family Home: 3,162 (3,158, 3,210, 3,267, 3,433) *3,792 Average Single Family Home List Price: $286,069 ($293k, $287k, $336k, $344k) *$274k Average Single Family Home Selling Price: $274,424 ($283k, $278k, $323k) *$263k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 94%) *96% Median Single Family Home List Price (6 months): $274,900 ($275k, $275k, $287k, $282k) *$255k Median Single Family Home Sold Price (6 months): $267,000 ($268k, $268k, $270k, $267k) *$261k Average Days on Market Single Family Home: 91 (109, 112, 87, 96) *85 Condo Stats Active Condos: 491 (486, 488, 471, 477) *466 Average Condo Listing Price: $215,484 ($180, $170k, $308k, $315k) *$286k Average Condo Selling Price: $205,069 ($170k, $164k, $299k, $311k) *$279k Condo Sale to List Ratio This Week: 95% (94%, 96%, 97%, 98%) 97% Median Condo List Price (6 months): $236,450 ($239k, $240k, $320k, $305k) *240k Median Condo Sold Price (6 months): $228,250 ($231k, $235k, $308k, $303k) *229k Average Days on Market Condos: 110 (68, 31, 177, 81, 121) *115 Active Vacant Lots: 1,158 (1,156, 1,157, 1,145, 1,167) *1,101 Market Rant The market continues it's decent into the annual Fall trend this week, with average reporting on most aspects and products. New listings continue to report lower than the last few years, but sales seem to be a little lacklustre comparably. The strong showing from the sales to list ratio is in thanks to the minimal listing additions this week, but that didn't fool the absorption rate which added an additional 3 weeks to the tally. Overall it was a relatively uneventful week this week, while speculators held their breath to see what affect, if any, the new mortgage rules would have. I suppose you'll have to stay tuned to find out! Thanks for stopping by!  Make way for Dozer! WEEKLY ADOPTABLE Dozer is one of a kind! A loving, yet stubborn old man who's been stealing hearts from the moment he walked in. Dozer is faced with your typical senior moments here and there and he'd much rather a quiet home free of other pets. He would also like to mention he has a man-crush! So if you're single and ready to mingle, look no further! This "cuddly companion" is available through the 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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