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Halifax (HRM) Residential Market Statistic Update for the Week of December 1st -8th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 194 (243, 218, 227, 276) *197 Sold: 96 (99, 111, 117, 119) *84 Sale To Listing Ratio: 50% (41%, 51%, 52%, 43%) *43% Price Changes: 116 (129, 165, 126, 161) *118 Listings that went conditional/pending: 99 (111, 116, 102, 123) *99 Expired/Cancelled/Withdrawn: 385 (340, 137, 140, 181) *154 Total Active Halifax/Dartmouth Inventory: 4,554 (4,641, 4,817, 4,859, 4,875) *4,850 Absorption Rate in weeks: 43 (42, 42, 43, 40) *45 Single Family Home Stats Active Single Family Home: 2,690 (2,767, 2,904, 2,964, 2,994) *3,144 Average Single Family Home List Price: $298,459 ($321k, $318k, $296k, $318k) *$362k Average Single Family Home Selling Price: $286,691 ($310k, $303k, $282k) *$346k Single Family Home Sale to List Ratio This Week: 96% (97%, 96%, 95%, 96%) *96% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$278k Median Single Family Home Sold Price (6 months): $271.050 ($272k, $273k, $274k, $268k) *$276k Average Days on Market Single Family Home: 90 (125, 94, 93, 116) *102 Condo Stats Active Condos: 449 (460, 480, 483, 482) *408 Average Condo Listing Price: $273,726 ($262k, $226k, $305k, $243k) *$219k Average Condo Selling Price: $260,119 ($258k, $220k, $289k, $231k) *$208k Condo Sale to List Ratio This Week: 95% (98%, 97%, 95%, 95%) 95% Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $235k) *247k Median Condo Sold Price (6 months): $222,000 ($222k, $222k, $225k, $225k) *237k Average Days on Market Condos: 63 (74, 96, 61, 160, 96) *91 Active Vacant Lots: 1,137 (1,137, 1,155, 1,138, 1,128) *1,036 Market Rant Typical end of season report this week, if you can call the month of December typical that is. December year to year has a few factors affecting overall performance, but one really crucial one...Christmas. Although it's not the complete reason the real estate market hiberates for a few months, but I think it plays a major role. Talking with buyers and sellers, they agree that the holidays really do play a role in their strategy. Sellers sometimes use the time to take a break and enjoy the festive season without interuption of a showing and the like, and buyers scour for the Boxing Day deal from anyone that continues to sell during this time of year. In either case, it's a very real consideration for both parties in residential markets, and one that I can't imagine changing in the future. That being said, the stats overall are reporting eerily similar to last year at this time. We do have marked improvements in some areas like sales, inventory, and absorbtion rate, but it's really close. The big change this year is single family home inventory, reporting in at just under 450 products less! That's a significant change year to year, and it's being felt by buyers looking for this type of product. I'm hearing more and more from people I talk to and my buyer clients that selection is lessoning, and their wondering what's going on, especially at the first time home buyers price bracket. I don't imagine it can stay a buyers market forever, and the year we had has definilty made some changes that buyers may not be ready for. I'm interestested to to what will happen if we have another year like this one in the new year! If you are to, come back to check in! Thanks for stopping by!  Maisy needs is in need of a Christmas miracle WEEKLY ADOPTABLE Maisy is a happy, young American Staffordshire Terrier, looking for an active adoptive family. She is a playful girl that requires a lot of exercise and ideally, an enclosed backyard to run in. Maisy is best suited to a home with no other pets or young children (12 and over please). We recommend that she receives further obedience training to become more socialised and better on leash. If you lead an active lifestyle and are ready to commit your time and energy to a dog, stop by during our adoption hours to meet Maisy. 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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