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Halifax (HRM) Residential Market Statistic Update for the Week of November 24th - December 1st, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 243 (218, 227, 276, 374) *232 Sold: 99 (111, 117, 119, 114) *116 Sale To Listing Ratio: 41% (51%, 52%, 43%, 31%) *50% Price Changes: 129 (165, 126, 161, 195) *166 Listings that went conditional/pending: 111 (116, 102, 123, 123) *99 Expired/Cancelled/Withdrawn: 340 (137, 140, 181, 458) *525 Total Active Halifax/Dartmouth Inventory: 4,641 (4,817, 4,859, 4,875, 4,905) *5,893 Absorption Rate in weeks: 42 (42, 43, 40, 43) *44 Single Family Home Stats Active Single Family Home: 2,767 (2,904, 2,964, 2,994, 3,034) *3,174 Average Single Family Home List Price: $320,682 ($318k, $296k, $318k, $291k) *$344k Average Single Family Home Selling Price: $309,557 ($303k, $282k, $306k) *$336k Single Family Home Sale to List Ratio This Week: 97% (96%, 95%, 96%, 96%) *95% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, 275k) *$290k Median Single Family Home Sold Price (6 months): $272,000 ($273k, $274k, $268k, $267k) *$283k Average Days on Market Single Family Home: 125 (94, 93, 116, 115) *105 Condo Stats Active Condos: 460 (480, 483, 482, 480) *418 Average Condo Listing Price: $262,043 ($226k, $305k, $243k, $257k) *$350k Average Condo Selling Price: $257,944 ($220k, $289k, $231k, $246k) *$326k Condo Sale to List Ratio This Week: 98% (97%, 95%, 95%, 96%) 93% Median Condo List Price (6 months): $229,900 ($230k, $230k, $235k, $235k) *245k Median Condo Sold Price (6 months): $222,400 ($222k, $225k, $225k, $225k) *232k Average Days on Market Condos: 74 (96, 61, 160, 96, 110) *150 Active Vacant Lots: 1,137 (1,155, 1,138, 1,128, 1,129) *1,035 Market Rant Ah, the first week of the last month of the year. December 1st is notorious for a noticable drop in inventory, as Seller's concede the lack of sale to the holiday season. Most people who are selling at this point aren't really excited about the idea of a hot buyer coming in and asking for a quick close, and would rather tuck away until after the new year to try again. As you can see by the current active listings however, the majority aren't affected by the time of year, or maybe they think that Buyers might be considerate with their closing date... Suprising is the listing additions. Sure you could argue that property needs to be moved regardless of the time of year, and sure, there seems to be a surge of activity at this point, but new listings might find their hopeful Buyers distracted by the season. The market never rests though, and I can persoanllly attest to my buyer clients needs and their requirement to shop for a new home during this time of year is real. I will say though, they are forcasting for the new year. Have a great week, and thanks for stopping by!  Harry is in need of a home, not just for the holidays. WEEKLY ADOPTABLE Harry is a lovely boy who is searching for a home to call his own. Handsome Harry is quite dominant when it comes to other dogs and can be a little pushy - he would be better suited with a submissive dog to thrive. He can be nervous of cats, but with the right introduction it could work out nicely! He seems to be sceptical of all new things, so he will need a family that has lots of patience to help him learn that not everything is scary. Harry can get quite excited and a little pushy so only children 12 & over for this guy, please! Obedience classes are mandatory for Harry as he tends to be quite interested in everything around him rather than people, so building that bond through training will be key to success! Come on by and meet Harry 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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