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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 140 (168, 180, 177) *155 Sold: 100 (92, 85, 76) *96 Sale To Listing Ratio: 71% (55%, 47%, 43%) *62% Price Changes: 35 (38, 35, 53) *39 Conditional Sale: 90 (124, 132, 106) *129 Expired/Cancelled/Withdrawn: 68 (74, 42, 45) *52 Total Active Halifax/Dartmouth Inventory: 1,257 (1,237, 1,273, 1,272) *974 Absorption Rate: 14 () *13 Single Family Home Stats Active Single Family Home: 624 (630, 652, 652) *462 Average Single Family Home List Price: $576,225 ($606k, $638k, $634k) *$614k Average Single Family Home Selling Price: $576,745 ($599k, $628k, $623k) *$609k Single Family Home Sale to List Ratio This Week: 101% (99%, 98%, 98%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k, $500k, $500k) *$465k Median Single Family Home Sold Price(6 mo):$518,000 ($517k, $513k, $515k)*$465k Average Days on Market Single Family Home: 40 (54, 45, 55) *35 Condo Stats Active Condos: 106 (101, 106, 97) *66 Average Condo Listing Price: $554,180 ($454k, $556k, $431k) *$536k Average Condo Selling Price: $558,520 ($459k, $540k, $422k) *$531k Condo Sale to List Ratio This Week: 101% (101%, 97%, 98%) *99% Median Condo List Price (6 mo): $429,900 ($430k, $434k, $425k) *$396k Median Condo Sold Price (6 mo): $423,500 ($424k, $426k, $422k) *$393k Average Days on Market Condos: 40 (59, 35, 49) *38 Active Vacant Lots: 385 (368, 373, 412) *335 Market Rant The numbers may be a little lacking this week, thanks to a big ol' snow storm over the weekend, but the market doesn't rest! The city basically came to a stand still over the weekend, so the market would have followed suit for those few days. Despite the storm, it was shaping up to be a rather busy week! Another healthy addition to the inventory happened, and more sales from the week before. Buyer activity was down significantly this week, but that can be expected due to the extreme weather conditions. Still decent though, especially for erasing three days from the market week. Single Family Home weekly listing and selling values finally hit under the $600k threshold this week with the help of an injection of that first time home buyer products hitting the market. Prices overall continue to stabilize as well, as most products are selling quite close to asking price these days, with the exception of certain price points and property condition. The adjustment continues, and I anticipate this trend to continue into the Spring. WIth the competitive nature of the Spring market (both Buyer and Seller), the speculation is that there should be more options this year for Buyers, which I'm sure is welcomed news for buyers entering the market. WIth the announcement that mortgage rates are holding fast, and that the foreign Buyer ban will be extended to 2027, the current market should hold its predictability for the time being. Once these factors change however, it is anyones guess how the impact of one or both of these will affect things locally. Time will tell though, and I have you covered! Be sure to stay tuned to the blog and stay informed. Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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!  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. We also offer mortgage and insurance solutions too! 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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