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Halifax (HRM) Residential Market Statistic Update for the Week of July 7th - July 14th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 302 (332, 403, 356, 397) *374 Sold: 139 (128, 165, 168, 171) *120 Sale To Listing Ratio: 46% (37%, 41%, 47%, 43%) *32% Price Changes: 290 (227, 287, 302, 329) *281 Listings that went conditional/pending: 171 (138, 170, 172, 203) *139 Expired/Cancelled/Withdrawn: 105 (306, 161, 114, 148) *111 Total Active Halifax/Dartmouth Inventory: 5,494 (5,470, 5,518, 5,455, 5,377) *5,893 Absorption Rate in weeks: 37 (35, 33, 33, 33) *41 Single Family Home Stats Active Single Family Home: 3,665 (3,633, 3,652, 3,653, 3,605) *4,026 Average Single Family Home List Price: $291,773 ($298k, $296k, $311k, $307k) *$284k Average Single Family Home Selling Price: $282,136 ($287k, $287k, $302k, $299k) *$275k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) *97% Median Single Family Home List Price: $274,900 ($270k, $260k, $279k, $285k) *$272k Median Single Family Home Sold Price: $267,500 ($265, $252k, $272k, $277k) *$262k Average Days on Market Single Family Home: 87 (80, 73, 78, 80) *68 Condo Stats Active Condos: 483 (492, 504, 494, 486) *526 Average Condo Listing Price: $278,261 ($263k, $235k, $224k, $232k) *$258k Average Condo Selling Price: $269,693 ($255k, $226k, $216k, $224k) *$250k Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 96%) *97% Median Condo List Price: $229,950 ($255k, $218k, $210k, $232k) *230k Median Condo Sold Price: $225,300 ($237k, $205k, $204k, $220k) *224k Average Days on Market Condos: 72 (84, 176, 85, 75) *96 Active Vacant Lots: 1,073 (1,074, 1,094, 1,043, 1,030) *1,035 MARKET RANT With the weather being so kind to us in our fair city, it looks like more people are out enjoying the heat and getting out there to check out properties. New listing additions remain lower week over week compared to this time last year, but sales are up in the same regard. Although sales remain tepid, the overall inventory level and sales rate has actually caused a two week gain to the absorption rate. Odd, beings the stats are pointing in the opposite direction, but we did see a bit of a lag in the last few weeks. Values remain steady and we have seen a marginal gain over this year last time, which is a normal trend year over year. There has been peaks and valleys with sales value, but overall, prices trend in the upwards direction annually, however marginal. Many were holding their breath waiting for the price peaks to correct in the face of our inflated market, and some areas have, however Nova Scotians held steady to their listed prices causing what has been noted as a minor correction. This is still a new event however and still developing, so make sure to stay tuned to get the summary and overall impact as we get heated in the Summer months. Thanks for stopping by!  Tila could use a place to call home WEEKLY ADOPTABLE Tila is a sweet and energetic older amstaff mix in need of a home to spend the rest of her days. Tila came in to the pound full of lumps and bumps, so the poor gal has already gone through two major surgeries to remove some mammary tumors that hopefully won't be returning. Tila should go to a home with no other animals, as she does get pretty protective over her toys and sometimes food. She's a very relaxed girl with spurts of energy at times so a fairly laid back home would be just fine :) This "cuddly companion" is available through the 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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