The Halifax Real Estate Blog Weekly Statistics Report and News Update by Jeremiah Wallace (Every Thursday)

Halifax (HRM) Residential Market Statistic Update For Week of November 7th to November 14th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  326 (466, 323, 386, 330) *303
Sold:  68 (166, 96, 96, 97) *83
Sale To List Ratio: 21% (37%, 30%, 25%, 29%) *27%
Expired/Cancelled/Withdrawn:  138 (259, 188, 149, 148) *105
Total Active Halifax/Dartmouth Inventory:  5,032 (5,029, 5,161, 5,247, 5,246)
Active Single Family Home: 3,298 (3,319, 3,426, 3,478, 3,519) *2,808
Average Single Family Home List Price:  $244,829 ($309,696, $288,708, $284,754, $263,775 *277k
Average Single Family Home Selling Price:  $235,710 ($,293,573, $279,192, $275,216, $256,071) *267k
Average Days On  Market Single Family Home: 96 (111, 103, 113, 101) *95
Active Condos:  412 (407, 398, 401, 399) *274
Average Condo Listing Price:  $236,813  ($216,268, $220,585, $241,620, $268,519) *312k
Average Condo Selling Price:  $228,750 ($209,428, $213,892, $234,480, $261,570) *300k
Average Days On Market Condos:  110 (123, 64, 48, 73) *69
Halifax/Dartmouth Absorption Rate (weeks):  51 (48, 55, 55, 52) *43

MARKET RANT
Well that will certainly do it for the worst sales week of the year. I imagine a few factors like the Remembrance Day long weekend, coupled with the end of year market decline where pretty impactive on the result. Although the overall inventory has started the annual decrease trend, this week made one last twitch at a come back. Although single family homes have decreased in numbers, the gutter-ball sales to list ratio failed to stop the overall gain. Days on market for both products is chugging along at an average pace (a little over three months), and values in the sold single family homes took a cut. So as we compare this year to the last, things are still a little out of balance with last year having the edge, albeit oh so slightly. Inventory wise however, it appears as though we are on pace to meet up with last years stats hopefully, by the end of the year. This should put us in better position to start the year on a positive note. Thanks for stopping by!


WEEKLY ADOGTABLE
Hey everyone! My name is Savannah; I am a young, energetic and very playful girl who is looking to find a new home. I need a family who will be home most of the time because I don't like to be left alone. I get along well with other dogs, but no kitties for me please. My new family will have to take me to obedience classes. 
Weight: 24kg/53lb

She is currently being cared for by Homeward Bound City Pound of Dartmouth, NS. Details about this beauty and others ready for a "furever"  home, including how to adopt, other dogs for adoption, and ways to donate, can be found by clicking the picture :)  Thank you for your consideration! 

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. 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.


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