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Halifax (HRM) Residential Market Statistic Update For Week of March 10th - March 17th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 356 (345, 366, 266, 254) *344 Sold: 140 (100, 116, 100, 95) *97 Sale To Listing Ratio: 39% (29%, 32%, 38%, 37%) *29% Price Changes: 133 (140, 141, 139, 121) Listings that went conditional/pending: 149 (141, 172, 142, 117) *108 Expired/Cancelled/Withdrawn: 73 (163, 77, 104, 115) *64 Total Active Halifax/Dartmouth Inventory: 4,593 (4,466, 4,347, 4,303, 4,261) *4,493 Absorption Rate in weeks: 40 (44, 44, 45, 44) *48 Single Family Home Stats Active Single Family Home: 3,032 (2,914, 2,829, 2,777, 2,739) *2,885 Average Single Family Home List Price: $286,443 ($283k, $281k, $281k, $274k) *$298k Average Single Family Home Selling Price: $275,711 ($274k, $272k, $269k, $260k) *$288k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 95%) *97% Median Single Family Home List Price: $266,950($245k, $260k, $272k, $250k) Median Single Family Home Sold Price: $258,000 ($235k, $257k, $265k, $237k) Average Days on Market Single Family Home: 94 (93, 100, 90, 105) *115 Condo Stats Active Condos: 421 (416, 402, 400, 394) *488 Average Condo Listing Price: $225,190 ($256k, $305k, $277k, $260k) *$256k Average Condo Selling Price: $215,727 ($247k, $295k, $268k, $252k) *$247k Condo Sale to List Ratio This Week: 96% (96%, 97%, 96%, 97%) *97% Median Condo List Price: $159,900 ($250k, $301k, $191k, $220k) Median Condo Sold Price: $152,000 ($238k, $295k, $186k, $215k) Average Days on Market Condos: 119 (109, 80, 121, 126) *75 Active Vacant Lots: 928 (922, 901, 903, 900) *860 MARKET RANT Well that was short lived. As you can see, we have successfully surpassed the inventory levels of last year at this time this week. I think it was bound to happen eventually, and I'm actually surprised it hasn't happened sooner. I was looking at pictures the other day that were taken today last year, and it was of my fella's playing in about 3-4 feet of fresh snow. So if it was a crusher of a winter last year, and a dandy of one this year, then you would expect activity to be somewhat affected by the difference. I'm just surprised it took so long. That being said, I still think there was some solid ground work early this year, and the true reflection of activity up to this point will be reflected early this summer. Buyer activity is still up and sales are still much better than the last couple of years, and even with the uncontrollable variable of the weather in play, the market is showing critical signs of improvement so far this year. Stay tuned to keep track of all the ups and downs of the Halifax real estate market, and be sure to check back soon for the February wrap up! Thanks for stopping by!  Hemlock is ready for all your St Paddy's day festivities! WEEKLY ADOPTABLE Hemlock is estimated at 5 years old. His lovely haircut can be attributed to the state in which he came into our care, very matted and dirty. Now with his stylish new look he is on the search for a family to call his own. Hemlock is looking to find a home with adults only that are willing to help teach him house manners. This "cuddly companion" is available through the the Dartmouth SPCA, 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 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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