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Halifax (HRM) Residential Market Statistic Update for the Week of December 29th 2016-January 5th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 218 (59, 145, 115, 194) *252 Sold: 65 (36, 90, 89, 96) *53 Sale To Listing Ratio: 30% (61%, 62%, 77%, 50%) *21% Price Changes: 83 (36, 49, 96, 116) *133 Listings that went conditional/pending: 57 (37, 57, 81, 99) *75 Expired/Cancelled/Withdrawn: 476 (103, 191, 121, 385) *706 Total Active Halifax/Dartmouth Inventory: 4,081 (4,343, 4,394, 4,394, 4,554) *4,195 Absorption Rate in weeks: 58 (56, 47, 45, 43) * Single Family Home Stats Active Single Family Home: 2,387 (2,521, 2,556, 2,556, 2,690) *2,747 Average Single Family Home List Price: $364,623 ($331k, $314k, $286k, $299k) *$340k Average Single Family Home Selling Price: $352,108 ($330k, $298k, $274k) *$321k Single Family Home Sale to List Ratio This Week: 97% (99%, 95%, 96%, 96%) *95% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$239k Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $270k, $271k) *$238k Average Days on Market Single Family Home: 111 (112, 97, 118, 90) *151 Condo Stats Active Condos: 396 (425, 435, 435, 449) *349 Average Condo Listing Price: $291,075 ($575k, $228k, $235k, $274k) *$310k Average Condo Selling Price: $281,125 ($538k, $217k, $222k, $260k) *$283k Condo Sale to List Ratio This Week: 97% (94%, 95%, 95%, 95%) 91% Median Condo List Price (6 months): $234,900 ($235k, $235k, $230k, $230k) *214k Median Condo Sold Price (6 months): $226,250 ($225k, $225k, $224k, $222k) *202k Average Days on Market Condos: 99 (91, 131, 106, 63, 74) *209 Active Vacant Lots: 1,150 (1,126, 1,134, 1,134, 1,137) *874 Market Rant Happy New Year everyone! As we put another year in the books, it will be one to look back on and reflect the progress that the market made in 2016. We witnessed some ups and downs, new mortgage rules, interest rate fluctuations and various other influencing factor changes. Overall though, the 2016 market saw the return of the buyer, which was a welcome change from recent years. It also saw an unusal listing reluctance from sellers, or some other factor(s) that kept property additions lower than recent years. So far, the market year has reported averagely, with overall activity starting the slow recovery from the holiday season. All activity across the board is up this week, and in usual fashion, there was a ton of inventory that came off the market. This could be listing contracts that set to expire on the 1st of January, but the big question with these products is if they will end up returning to market to try again this year. Annually, January has a bit of an activity surge, then tapers off when winter has its full grip on the city. The overall inventory gap as narrowed at this point, but if things continue on the same trajectory as last year, we should see that gap widen even more this year. You'll have to stay tuned to see how 2017 turns out! Any predictions? Thanks for stopping by!  Are you a contender for Champ? WEEKLY ADOPTABLE We simply can't believe that we have had no interest in this handsome boy. Champ is neuteted and vaccinated and although bilingual, he responds best to French commands. He tries to talk which is adorable. He loves fetch and affection and his walks.He is crate trained and very eager to please and picks up on things quickly. He is not destructive. We are seeking a home without cats and children.10 + because he has not been socialized around young kids. Champ can be Dog selective but with proper introduction, could be your best friend. He has lived with another dog . If you think Champ would make a great addition to your family This "cuddly companion" is available through Good Bones Dog Rescue, 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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