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Halifax (HRM) Residential Market Statistic Update for the Week of April 27th - May 4th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 485 (432, 295, 402, 416) *500 Sold: 174 (167, 132, 174, 141) *160 Sale To Listing Ratio: 36% (37%, 45%, 43%, 34%) *32% Price Changes: 228 (200, 145, 164, 166) *296 Listings that went conditional/pending: 230 (214, 159, 173, 176) *197 Expired/Cancelled/Withdrawn: 308 (144, 89, 115, 230) *250 Total Active Halifax/Dartmouth Inventory: 4,700 (4,755, 4,686, 4,686, 4,596) *5,124 Absorption Rate in weeks: 29 (31, 34, 34, 38) *34 Single Family Home Stats Active Single Family Home: 2,850 (2,881, 2,817, 2,805, 2,733) *3,458 Average Single Family Home List Price: $356,645 ($330k, $350k, $320k, $298k) *$298k Average Single Family Home Selling Price: $344,404 ($320k, $338k, $309k, $287k) *$290k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $279,900($280k, $280k, $275k, $275k)*$280k Median Single Family Home Sold Price (6 mo): $272,500 ($270k,$270k,$268k,$266k)*$270k Average Days on Market Single Family Home: 86 (100, 86, 85, 115) *115 Condo Stats Active Condos: 500 (499, 468, 463, 466) *451 Average Condo Listing Price: $267,307 ($269k, $236k, $249k, $224k) *$240k Average Condo Selling Price: $256,776 ($261k, $231k, $234k, $215k) *$221k Condo Sale to List Ratio This Week: 96% (98%, 98%, 95%, 96%) 92% Median Condo List Price (6 mo): $225,000 ($225k, $224k, $224k, $220k) *$236k Median Condo Sold Price (6 mo): $215,550 ($215k, $215k, $215k, $215k) *$230k Average Days on Market Condos: 70 (95, 162, 161, 70, 56) *94 Active Vacant Lots: 1,102 (1,125, 1,168, 1,164, 1,154) *985 Market Rant Wow, things are really ramping up! Of course, the end/beginning of the month expiry/re-lisitng dance occurs on the first of month. possible skewing some of the data, but overall things are looking good! Listings are starting to pour onto the market at a pace just shy of last year at this time, but there's a few things about this year that are noticeably different than last year. Firstly, inventory is much lower, and although not uncommon for a Spring week to reduce in volume, it is odd for this time of year, which is an occurrence that happened this week. Another thing that is noticeably different is the averages, well, single family home averages anyways. The median prices for both products seem to be marginally increasing every week this Spring, but the average single family list and sale prices have been quite inflated compared to the median price as of late. Sure, one or two week anomaly's from a few high end properties selling might effect the numbers, but we are reporting over the 300k"s more often than not this Spring. Average days on market are also noticeably lower, and the absorption rate actually dropped below 30 for the first time in years! There's still solid buyer activity out there as well, just look at the listings that went pending this week! Nice to see some positive action in HRM, and I for one hope it sticks around. Thanks for stopping by!
Meet Rosie!!WEEKLY ADOPTABLE Beautiful, loving White bull dog. Rosie really LOVES KIDS but she has proven to be unpredictable with cats so NO CATS . Rosie has a mild heart mumur likely since birth as many dogs do. It definitely does not slow down this wiggle butt in any way .She does zoomies like a race horse in her back yard ! Rosie craves snuggles and can be a coach potato, bed hogger but also likes playtime, her walks and other dogs .She can on occasion when off leash become over zealous in dog play like many bully breeds and not all dogs are going to put up with this play style so training advice is suggested to fine tune her doggy social skills . Rosie listens well and really wants to please you. She has come along ways not pulling so much on leash. If her people have to go out they put her in the bedroom, she has her hedgehog, that is her sookie toy, she is fine and does not say a word, but if she hears you then she barks or does a very low and very sad sounding lol. She is overall a joy to have and be with. She has been learning to get the hang of fetch, she gets very excited when she returns with the ball and gets praise, not so much parting with the ball, but she will and is ready to go again. Rosie would love to have a fenced in yard and someone around. Maybe you are retired? work from home just so sweet Rosie is not alone 8-10 hours a day. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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.ca 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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