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Halifax (HRM) Residential Statistic Update for the Week of February 22nd - March 1st, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 325 (240, 276, 289, 199) *289 Sold: 129 (105, 99, 101, 123) *97 Sale To Listing Ratio: 40% (44%, 36%, 35%, 62%) *34% Price Changes: 125 (106, 103, 89, 84) *142 Listings that went conditional/pending: 164 (160, 125, 146, 131) *132 Expired/Cancelled/Withdrawn: 139 (69, 88, 155, 148) *199 Total Active Halifax/Dartmouth Inventory: 3,620 (3,606, 3,605, 3,553, 3,521) +4,221 Absorption Rate in weeks: 33 (34, 34, 36, X) *46 Single Family Home Stats Active Single Family Home: 1,961 (1,934, 1,932, 1,903, 1,891) *2,488 Average Single Family Home List Price: $335,966 ($334k,$304k,$323k,$308k) *$331k Average Single Family Home Selling Price: $321,519 ($319k,$297k,$311k,$299k) *$319k Single Family Home Sale to List Ratio This Week: 96% (96%,98%, 96%, 97%) *97% Median Single Family Home List Price (6 mo): $278,800 ($277k,$275k,$275,$275k)*$279k Median Single Family Home Sold Price (6 mo):$269,900 ($270k,$268k,$269k,$268k)*$269k Average Days on Market Single Family Home: 73 (87, 110, 95, 91) *95 Condo Stats Active Condos: 366 (368, 365, 359, 348) *414 Average Condo Listing Price: $227,375 ($250k, $285, $221k, $266k) *$271k Average Condo Selling Price: $220,876 ($243k, $276k, $216k, $263k) *$269k Condo Sale to List Ratio This Week: 97% (97%, 97%, 98%, 99%) 99% Median Condo List Price (6 mo): $238,900 ($239k, $238k, $239k, $239k) *$225k Median Condo Sold Price (6 mo): $232,000 ($232k, $230k, $233k, $235k) *$219k Average Days on Market Condos: 47 (69, 58, 87, 83) *113 Active Vacant Lots: 973 (981, 982, 963, 954) *1,098 Market Rant A marginal gain to the overall inventory this week as we get closer to putting Winter in the books. Although, with the mild weather during the season, we only had a small break for the holidays, then it was back to business as usual! Things are still looking good out there, and with Spring just around the corner, I'm excited to see how we shape up compared to last year. Speaking of, last year was the first full year of the turn around, which has certainly propped up this market year with a solid start, so its full impact will surely be felt this year (if it hasn't already). A few more listings to week this week than we have seen so far this year, but they were met with an above average active buyer environment which resulted in a solid amount of sale. Buyer activity is still holding strong this week with 164 offers that have been accepted, and the sales to list ratio actually declined this week. Normally we see the sales to list ratio inflate a bit around this time of year due to ballooning inventory and lack of buyers, but that is not the case this year. The big question of 2018; "will the balanced market swing into an Sellers market?". Only time will tell, so make sure to check in to the HREB to keep up to date! Thanks for stopping by!  The Weekly Adogtable! *Serious Inquiries Only* Radar is an energetic, playful, affectionate boy who is looking for the perfect fur-ever home. He has been diagnosed with hip dysplasia and requires a family that can manage this condition. He will require frequent walks to help strengthen his muscles. We don't want him getting too rambunctious so a home without other dogs is recommended. He loves spending time with people so if you're home frequently, that's a plus to him! Radar requires a home: - With children over the age of 12 - With a family financially able to meet his medical needs This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 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. 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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