Halifax (HRM) Residential Statistic Update for the Week of July 4th-11th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 333 (333, 357, 340, 343) *359
Sold:  197  (208, 221, 205, 206) *164
Sale To Listing Ratio: 60% (63%, 62%, 60%, 60%) *51%
Price Changes: 161 (167, 167, 173, 164) *249
Listings that went conditional/pending: 242 (201, 272, 254, 256)  *207
Expired/Cancelled: 103 (192, 66, 57, 82) *112
Total Active Halifax/Dartmouth Inventory:  3,341 (3,348, 3,387, 3,381, 3,366) +4,233
Absorption Rate in weeks:  16 (16, 16, 16, 15) *22

Single Family Home Stats
Active Single Family Home: 1,883 (1,877, 1,907, 1,904, 1,905) *2,446
Average Single Family Home List Price:  $320,789 ($334k,$344k,$349k,$350k) *$332k
Average Single Family Home Selling Price:  $316,170 ($329k,$337k,$342k,$345k) *$323k
Single Family Home Sale to List Ratio This Week: 99%  (99%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$289k
​Median Single Family Home Sold Price (6 mo):$298,261 ($299k,$298k,$296k,$295k)*$280k
Average Days on Market Single Family Home: 51 (70, 58, 59, 44) *55

Condo Stats
Active Condos:  225 (242, 248, 250, 246) *392
Average Condo Listing Price:  $278,622 ($308k, $295k, $287k, $270k) *$236k
Average Condo Selling Price: $270,473 ($301k, $286k, $277k, $255k) *$226k
Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 95%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $249k) *$235k
Median Condo Sold Price (6 mo): $221,000 ($241k, $240k, $240k, $240k) *$225k
Average Days on Market Condos: 79 (56, 67, 66, 45)*117

Active Vacant Lots: 949 (947, 955, 948, 943) *1,018

Market Rant
Inventory overall took another dip this week, although just slightly, despite taking gains in both Single Family Home and Vacant Land products. Contributors to the reduction include condo's, who took the largest hit, a good surge of pending properties, and a decent amount of expiries and cancellations. Overall though, the inventory is reporting fairly average for the time year. Values remain strong for the week, although, Single Family home's took a bit of a hit. Not uncommon to see average sale prices dip as we slide into the slower months, but it does tend to start closer to the Fall. Could be the supply vs demand factor, although super competitive demand seems to be waining a touch. Still not much in the way of supply, and what supply we do have seems to be the scraps that outlived the late Spring/early Summer bonanza. New products do continue to grace the market week to week though, and those priced and presented well seem to be moving at a rapid pace. It's when that stops happening is when there may be a problem. Stay tuned to keep you finger on the pulse of the market, and thanks for stopping by! 

Meet Diva! Are you looking for a sweet older gal with a zest for life? Diva is the ideal walking buddy and couch companion. She'll happily hit up the walking trails and explore all of your favourite outdoor spots (and maybe even help you discover some new ones)! Slowing down isn't on her to-do list, as Diva has lots of energy to spare. She'll keep you on your toes and challenge you to keep up with a goofy grin on her face! 

Diva would be best suited to a home:
-Without other animals (this diva has a bit of an attitude and lacks her doggy manners)
-With children over 10
​
​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!

Halifax (HRM) Residential Statistic Update for the Week of June 27th - July 4th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 333 (357, 340, 343, 335) *335
Sold:  208  (221, 205, 206, 234) *174
Sale To Listing Ratio: 63% (62%, 60%, 60%, 70%) *52%
Price Changes: 167 (167, 173, 164, 161) *206
Listings that went conditional/pending: 201 (272, 254, 256, 231)  *175
Expired/Cancelled: 192 (66, 57, 82, 137) *229
Total Active Halifax/Dartmouth Inventory:  3,348 (3,387, 3,381, 3,366, 3,363) +4,225
Absorption Rate in weeks:  16 (16, 16, 15, 15) *22

Single Family Home Stats
Active Single Family Home: 1,877 (1,907, 1,904, 1,905, 1,886) *2,457
Average Single Family Home List Price:  $333,595 ($344k,$349k,$350k,$346k) *$308k
Average Single Family Home Selling Price:  $328,961 ($337k,$342k,$345k,$337k) *$299k
Single Family Home Sale to List Ratio This Week: 99%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k
​Median Single Family Home Sold Price (6 mo):$298,750 ($298k,$296k,$295k,$295k)*$280k
Average Days on Market Single Family Home: 70 (58, 59, 44, 54) *69

Condo Stats
Active Condos:  242 (248, 250, 246, 252) *408
Average Condo Listing Price:  $307,792 ($295k, $287k, $270k, $292k) *$212k
Average Condo Selling Price: $300,852 ($286k, $277k, $255k, $288k) *$204k
Condo Sale to List Ratio This Week: 98% (97%, 97%, 95%, 99%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $249k, $250k) *$235k
Median Condo Sold Price (6 mo): $241,000 ($240k, $240k, $240k, $240k) *$225k
Average Days on Market Condos: 56 (67, 66, 45, 72)*69

Active Vacant Lots: 947 (955, 948, 943, 949) *994

Market Rant
I do believe that was it! The Spring surge has finally wained, and we are on to the Summer plunge market. Inventory across the board took a nosedive, but there are a couple factors that helped that happen this week. Firstly, it was the beginning/end month expiry/renewal churn, contract expiries, and the Canada Day long weekend. Canada Day does seem to be the unofficial marker for the inventory deflation, but this market has been anything predictable, so it's almost nice to see something fall back into line. Sales were down a bit this week as well, but the long weekend must have certainly played a roll, as do most holidays. Even buyer activity reported lower than the recent norm, but again, refer to the factors above. I guess the big question at this point is "where do we go from here"? Are we destined to slip back into the comfortable slow gain market like a well worn pair of slippers, or will we continue to forge ahead and embrace the change. Likely, this year will be the year we see things return to the former, but you never know! What I do know is that if it keeps on the way it has, Buyers will be in for a rough ride until it wains. Until then, we ride it out until we stabilize! Thanks for stopping by! 

Children 16 years and up
Obedience Mandatory
No Apartments/Condos

A very energetic boy who is eager to learn new skills. He loves to explore his surroundings and would make an excellent hiking partner. If you would like to meet this young gentleman in training, come to the shelter and him for a walk. Odin is good with most dogs that have a similar play style as himself.
​
​This "cuddly companion" is available through The Nova Scotia SPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of June 20th - 27th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 357 (340, 343, 335, 336) *306
Sold:  221  (205, 206, 234, 225) *217
Sale To Listing Ratio: 62% (60%, 60%, 70%, 67%) *71%
Price Changes: 167 (173, 164, 161, 174) *190
Listings that went conditional/pending: 272 (254, 256, 231, 260)  *220
Expired/Cancelled: 66 (57, 82, 137, 72) *80
Total Active Halifax/Dartmouth Inventory:  3,387 (3,381, 3,366, 3,363, 3,409) +4,273
Absorption Rate in weeks:  16 (16, 15, 15, 16) *21

Single Family Home Stats
Active Single Family Home: 1,907 (1,904, 1,905, 1,886, 1,894) *2,479
Average Single Family Home List Price:  $344,203 ($349k,$350k,$346k,$350k) *$335k
Average Single Family Home Selling Price:  $337,339 ($342k,$345k,$337k,$343k) *$323k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k
​Median Single Family Home Sold Price (6 mo):$298,000 ($296k,$295k,$295k,$296k)*$280k
Average Days on Market Single Family Home: 58 (59, 44, 54, 51) *58

Condo Stats
Active Condos:  248 (250, 246, 252, 261) *424
Average Condo Listing Price:  $294,544 ($287k, $270k, $292k, $282k) *$239k
Average Condo Selling Price: $285,479 ($277k, $255k, $288k, $280k) *$229k
Condo Sale to List Ratio This Week: 97% (97%, 95%, 99%, 99%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $249k, $250k, $250k) *$238k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $240k, $241k) *$228k
Average Days on Market Condos: 67 (66, 45, 72, 50)*87

Active Vacant Lots: 955 (948, 943, 949, 965) *998

Market Rant
Small surge of properties made it to market this week, which I'm sure will be well received by shoppers on the market. If you are currently a Buyer in this market, you have probably noticed that the throttle has let off a bit, and you may even find yourself with a few options! Of course, there are still areas of the city that are highly competitive, but there does seem to be a bit of pressure relief at this current junction. Still, lots of buyer activity this week, with 272 listings that received and accepted offers, which is quite above average than last year at this time. It's still pretty early to call, but this years Spring compared to last had its surge a bit earlier than last year, and because of this, we could be seeing a rebound market with a second market push. That, or the weary Buyers of the early Spring inferno market have returned to kinder market conditions to try again. Inventory did take a slight bump this week, which is another good thing for buyers, since more selection usually means less competition and more selection. Normally, the early Summer market is hit or miss, but it is usually the calm before the coming Fall market, so the next few months will lay the groundwork for what is to come. With the numbers being reported, the foot is still on the pedal, but keeping the speed limit. Stay tuned to see how the Summer turns out! Will it be market be like our current weather, or will it turn to the weather we are all hoping for? Thanks for stopping by!

Cherry is a ~5 year old spayed female amstaff mix.
She would prefer a home with children 10 years and older.
Obedience is optional for her new owner(s).

​This sweet lady is more then ready to find a new home to call her own. Cherry is a playful girl, happy to entertain herself with toys and enjoys the company of other dogs. She is super affectionate and will make an amazing family friend. Cherry would love to go for a walk and give you the opportunity to fall in love with her.

​This "cuddly companion" is available through The Nova Scotia SPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of June 13th - 20th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 340 (343, 335, 336, 377) *306
Sold:  205  (206, 234, 225, 227) *217
Sale To Listing Ratio: 60% (60%, 70%, 67%, 60%) *71%
Price Changes: 173 (164, 161, 174, 145) *190
Listings that went conditional/pending: 254 (256, 231, 260, 266)  *220
Expired/Cancelled: 57 (82, 137, 72, 61) *80
Total Active Halifax/Dartmouth Inventory:  3,381 (3,366, 3,363, 3,409, 3,410) +4,273
Absorption Rate in weeks:  16 (15, 15, 16, 16) *21

Single Family Home Stats
Active Single Family Home: 1,904 (1,905, 1,886, 1,894, 1,904) *2,479
Average Single Family Home List Price:  $348,896 ($350k,$346k, $350k,$348k) *$335k
Average Single Family Home Selling Price:  $342,415 ($345k,$337k,$343k,$342k) *$323k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k
​Median Single Family Home Sold Price (6 mo):$296,000 ($295k,$295k,$296k,$295k)*$280k
Average Days on Market Single Family Home: 59 (44, 54, 51, 52) *58

Condo Stats
Active Condos:  250 (246, 252, 261, 267) *424
Average Condo Listing Price:  $286,596 ($270k, $292k, $282k, $250k) *$239k
Average Condo Selling Price: $277,069 ($255k, $288k, $280k, $256k) *$229k
Condo Sale to List Ratio This Week: 97% (95%, 99%, 99%, 98%) 96%
Median Condo List Price (6 mo): $249,900 ($249k, $250k, $250k, $246k) *$238k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $241k, $240k) *$228k
Average Days on Market Condos: 66 (45, 72, 50, 37)*87

Active Vacant Lots: 948 (943, 949, 965, 955) *998

Market Rant
If you think that this weeks stats report looks surprisingly similar to last weeks, you would be correct. Not too much variation from this week to last, in fact, it's hardly any. New listings, sales, price changes, listings that went pending, basically the lot stayed on par this week with last. The variations that did occur were minor, that they really aren't worth mentioning. Seems we might be a bit down on sales compared to the amount of listings that are accepting offers, so I wonder if there might be a higher average of agreements falling apart on the various factors that make up a buyers due diligence.

One of these factors that has become a bit notorious this year is financing and the failure to obtain a mortgage. From the mortgage specialists I have been in talks with, many buyers will do a soft pre-approval with their chosen traditional lender (bank), but sometimes they (bank) don't dig too far into the workings of the approval, therefor leaving surprises to be had during the course of due diligence. Their are some buyers out there that do not have their pre-approval in place for one reason or another as well, so that can quickly halt a transaction once the action commences. Of course, the second biggest showstopper, if not the first "deal breaker" during due dilligence, is the inspection.

All buyers have a different threshold of risk and what conditions are expected when buying a home. Having a major discovery through one of the possible several inspections can leave buyers with hands out, and sellers turning out pockets. Then the question of how the buyer or seller can fund a large fix, should one be discovered, is posed. Some might look to the sales proceeds for such a thing, but that is unfortunately not an option anymore. Cash back, or credit on closing is a thing of the past, and certainly another topic to discuss another day. I invite any mortgage specialist to reach out with their take on cash back or credits on closing, and possible options, including purchase plus mortgages, to deal with big/small items instead of a price reduction to be featured on the blog in a finance post! Thanks for stopping by! 

Annie Banannie is waiting to meet you! 

Do not let her shy and quiet demeanor fool you! This girl is full of energy and LOVES to welcome you home when she sees you. Once she gets the zoomies out of her system she mellows out and is happy to just curl up on an Annie approved bed :)
This girl is picky with her doggy friends and with this the staff at the shelter do require a meet and greet once your application has been approved to ensure everyone will be happy in the home. At only 2 years young Annie has already undergone 2 surgeries and we are hoping that it is the last of them. She had a tail amputation done by her previous owners due to injuring her tail, and she also had a foreign body removal done. With this Annie is looking for a committed owner who will help to keep any potential ingestable items out of her reach in the home.

A home with children over the age of 12 years old will be best.​
​
This "cuddly companion" is available through The Nova Scotia SPCA, 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!

First time to market! Nestled on a sizeable lot in the quaint former fishing village of Herring Cove sits this meticulously cared for 2-Storey style home with features that are sure to impress. Welcomed by the spacious foyer, you are quickly drawn into the interior design and quality finishes. The main floor boasts a spacious living room with cozy electric fireplace, elegant formal dining room, combination kitchen and dining nook, convenient laundry with powder room, and enormous great room. All accented by hardwood floors and efficiently heated/cooled by the ductless heat-pump. The second level has room for the whole family with a giant master bedroom complete with walk-in closet and ensuite bathroom, the main bathroom, and three more generously sized bedrooms. The lower walkout level is partially finished and hosts an expansive games/recreation room with adjacent flex room that could easily be converted to an additional bedroom if needed. The walkout side has potential for more living space or a workshop, and has tons of storage. Outside you will find a sizeable deck that overlooks a huge yard with ample room for play or hosting, a 1.5 detached garage that has an extra loft space for added storage or development, and a driveway big enough for an RV! Herring Cove is quickly becoming a sought after community due to the surrounding recreational areas, budding businesses, and short distance to the city. Put this one on the “must see” list, and prepared to be wowed!

Contact me for more details, or click HERE for pricing and more>

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!

Halifax (HRM) Residential Statistic Update for the Week of June 6th - 13th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 343 (335, 336, 377, 351) *348
Sold:  206  (234, 225, 227, 203) *182
Sale To Listing Ratio: 60% (70%, 67%, 60%, 58%) *52%
Price Changes: 164 (161, 174, 145, 181) *230
Listings that went conditional/pending: 256 (231, 260, 266, 232)  *220
Expired/Cancelled: 82 (137, 72, 61, 56) *90
Total Active Halifax/Dartmouth Inventory:  3,366 (3,363, 3,409, 3,410, 3,375) +4,273
Absorption Rate in weeks:  15 (15, 16, 16, 17) *22

Single Family Home Stats
Active Single Family Home: 1,905 (1,886, 1,894, 1,904, 1,897) *2,476
Average Single Family Home List Price:  $350,148 ($346k, $350k,$348k,$367k) *$353k
Average Single Family Home Selling Price:  $344,594 ($337k,$343k,$342k,$359k) *$343k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$299k)*$290k
​Median Single Family Home Sold Price (6 mo):$295,000 ($295k,$296k,$295k,$292k)*$280k
Average Days on Market Single Family Home: 44 (54, 51, 52, 44) *52

Condo Stats
Active Condos:  246 (252, 261, 267, 260) *431
Average Condo Listing Price:  $269,700 ($292k, $282k, $250k, $317k) *$273k
Average Condo Selling Price: $255,270 ($288k, $280k, $256k,$311k) *$264k
Condo Sale to List Ratio This Week: 95% (99%, 99%, 98%, 98%) 97%
Median Condo List Price (6 mo): $248,500 ($250k, $250k, $246k, $248k) *$238k
Median Condo Sold Price (6 mo): $239,450 ($240k, $241k, $240k, $241k) *$226k
Average Days on Market Condos: 45 (72, 50, 37, 43) *88

Active Vacant Lots: 943 (949, 965, 955, 943) *984

Market Rant
Well, it looks like it was a couple week blip after all. This week saw the inventory increase after two anomaly weeks of decline, although, the gain is hardly worth mentioning since it's so small. Sales took a bit of a kick down this week, but still performed well, and will be returning to its full strength shortly given the amount of properties that reported an accepted offer this week (conditional/pending stat). Not a lot of listings that fell off the market this week by an expiry or cancellation, which is fairly typical given the time of year. Not as many price changes this week compared to last year at this time though, which might speak to the health of the market as well. Absorption rate held steady at 15 weeks again this week, and is still smoking last years report by a whopping 7 weeks. Overall values remain strong, and the median values for both tracked products are holding at a plus of $10k increased from last year at this time. It seems like a lot the spillage from the 2018 market year is being tended to as properties get snapped up, but there still seems to be that heavy demand in certain areas. The end of Spring has brought a bit of a different market, it seems, and we are sure to see overall activity start it's downward trend anytime now. Things are still moving at a rapid pace though, but there does seem to be a few more options for buyers around HRM. Still a couple weeks left until the Summer market takes hold, so stay tuned to the blog to see how the Spring finishes! Thanks for stopping by!

Sweet Annie is a bit timid at first but it only takes her a minute to warm up and she becomes a silly, playful goofball. When left alone Annie has been known to eat things that upset her belly. To be specific, socks! Annie required surgery to remove a sock she had ingested so her new home would need to be mindful of what they leave lying around. Poor Annie was quite sick but would likely make the same mistake again if given the opportunity. Crate training would be recommended to keep her and your belongings safe. Annie would love to go to a home with children no younger than 12 years of age and no other dogs. 
​
This "cuddly companion" is available through The Nova Scotia SPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of May 30th - June 6th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 335 (336, 377, 351, 401) *378
Sold:  234  (225, 227, 203, 209) *218
Sale To Listing Ratio: 70% (67%, 60%, 58%, 52%) *58%
Price Changes: 161 (174, 145, 181, 177) *246
Listings that went conditional/pending: 231 (260, 266, 232, 261)  *198
Expired/Cancelled: 137 (72, 61, 56, 62) *173
Total Active Halifax/Dartmouth Inventory:  3,363 (3,409, 3,410, 3,375, 3,300) +4,249
Absorption Rate in weeks:  15 (16, 16, 17, 16) *21

Single Family Home Stats
Active Single Family Home: 1,886 (1,894, 1,904, 1,897, 1,878) *2,478
Average Single Family Home List Price:  $345,604 ($350k,$348k,$367k,$350k) *$333k
Average Single Family Home Selling Price:  $338,620 ($343k,$342k,$359k,$344k) *$325k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *98%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$299k, $299k)*$289k
​Median Single Family Home Sold Price (6 mo):$295,000 ($296k,$295k,$292k,$290k)*$280k
Average Days on Market Single Family Home: 54 (51, 52, 44, 59) *50

Condo Stats
Active Condos:  252 (261, 267, 260, 261) *422
Average Condo Listing Price:  $292,004 ($282k, $250k, $317k, $276k) *$321k
Average Condo Selling Price: $288,325 ($280k, $256k,$311k, $272k) *$310k
Condo Sale to List Ratio This Week: 99% (99%, 98%, 98%, 98%) 97%
Median Condo List Price (6 mo): $249,450 ($250k, $246k, $248k, $245k) *$238k
Median Condo Sold Price (6 mo): $239,450 ($241k, $240k, $241k, $239k) *$226k
Average Days on Market Condos: 72 (50, 37, 43, 46) *60

Active Vacant Lots: 949 (965, 955, 943, 934) *978

Market Rant
Have we peaked so soon? For the second straight week, inventory took a nosedive, which is a bit sooner than normal if this trend holds. This weeks reduction had a significantly larger drop than that of the previous week, and contributed to the widening of the inventory gap from this time last year to now. Looks like there was a good amount of listings that expired this week, which certainly helped, but the strong sales and lack of new products also helped things along. With the lack of new inventory and strong sales week, the sales to list ratio hit a high of 70%! Sometimes you see anomaly weeks throughout the year on a holiday week, or unexplained occurrence, but hardly ever does the Spring market have such factors to call it a fluke. Speaking of the lacking inventory impact, the already basement numbers of the sales to list ratio bottomed out another week to 15. The Spring has been holding somewhat steady to 16 weeks over the full ramp up, but the continued evaporation of products from the market is really having an impact, leaving no statistic untouched. Interesting times so far this year, so make sure you stay tuned to the blog to keep up to date with the lates and greatest regarding our real estate market! Thanks for stopping by!

Lucky was anxious, shaking and put his tail between his legs while at the pound. He is initially fearful of strangers, cats, and sudden noises but is very sweet and affectionate once he knows you are safe. Lucky can be fun, playful, and excitable but only if he feels safe. 

Lucky can get excited on walks, so will need leash work and general obedience training to help him overcome his insecurities and build his confidence in what is expected of him and generally how to be a dog. No resource guarding and takes treats gently. Lucky is learning that people are not all bad and his family will need to be sensitive to his past. We suspect he was abused.
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This "cuddly companion" is available through Good Bones Dog Rescue, 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!

Halifax (HRM) Residential Statistic Update for the Week of  May 23rd - May 30th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 336 (377, 351, 401, 378) *350
Sold:  225  (227, 203, 209, 197) *194
Sale To Listing Ratio: 67% (60%, 58%, 52%, 52%) *55%
Price Changes: 174 (145, 181, 177, 171) *264
Listings that went conditional/pending: 260 (266, 232, 261, 273)  *247
Expired/Cancelled: 72 (61, 56, 62, 121) *81
Total Active Halifax/Dartmouth Inventory:  3,409 (3,410, 3,375, 3,300, 3,268) +4,235
Absorption Rate in weeks:  16 (16, 17, 16, 16) *22

Single Family Home Stats
Active Single Family Home: 1,894 (1,904, 1,897, 1,878, 1,828) *2,472
Average Single Family Home List Price:  $349,569 ($348k,$367k,$350k,$356k) *$339k
Average Single Family Home Selling Price:  $342,650 ($342k,$359k,$344k,$348k) *$333k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *98%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$299k, $299k,$295k)*$286k
​Median Single Family Home Sold Price (6 mo):$295,950 ($295k,$292k,$290k,$287k)*$280k
Average Days on Market Single Family Home: 51 (52, 44, 59, 53) *53

Condo Stats
Active Condos:  261 (267, 260, 261, 258) *415
Average Condo Listing Price:  $281,775 ($250k, $317k, $276k, $274k) *$307k
Average Condo Selling Price: $279,527 ($256k,$311k, $272k, $266k) *$297k
Condo Sale to List Ratio This Week: 99% (98%, 98%, 98%, 97%) 97%
Median Condo List Price (6 mo): $249,450 ($246k, $248k, $245k, $248k) *$236k
Median Condo Sold Price (6 mo): $240,450 ($240k, $241k, $239k, $241k) *$227k
Average Days on Market Condos: 50 (37, 43, 46, 60) *59

Active Vacant Lots: 965 (955, 943, 934, 931) *975

Market Rant
The Spring weather might be cold and dreary, but our Spring market here in Halifax anything but! Overall activity remains steady, with very few fluctuations causing the averages to wain at all. New listings were slightly lower than the current average, but sales remained steady causing one of the highest sales to list ratios of the year. Price changes are significantly down from this time last year, and so too is the absorption rate, which is not a surprise given how quickly the market transacting. The overall inventory stayed at parody this week, which was a bit of a curiosity because we are supposed to be rocketing to the peak of numbers at this point. With the way things have been moving its no wonder that we are reducing during peak performance times, it just never fails to surprise when it actually happens. Sales prices overall, again, reported stronger and higher than average. For the first time I can see, the 6 month median sales price for single family homes topped out in the $300's, which is a precedent for this market. It's been stated time and time again how much the average gain has increased, and now for the second straight week, we have hit that milestone (well, just shy of $100) Hopefully the weather in our fair city takes a page from the real estate market and heats up! I can't be the only one getting tired of all this rain. Stay tuned for the latest and greatest when it comes to the real estate market here in Halifax, and thanks for stopping by!

Loly is a female aged 6 years old with medium energy. She is spayed, microchipped , vaccinated and on parasite prevention. Loving temperament and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food. 

​Kids yes but school aged ideal because she is used to that age and may forget not to jump up . Loving temperament. She knows basic commands, sit, down, refocuses on handler when unsure. Is crate trained but totally trustworthy un-crated. She loves camping and riding in a cart behind bicycle. She is a bit of a introvert but bonds to her couple​
​
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her 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!

Halifax (HRM) Residential Statistic Update for the Week of  May 16th - May 23rd, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 377 (351, 401, 378, 329) *336
Sold:  227  (203, 209, 197, 206) *195
Sale To Listing Ratio: 60% (58%, 52%, 52%, 63%) *58%
Price Changes: 145 (181, 177, 171, 139) *165
Listings that went conditional/pending: 266 (232, 261, 273, 186)  *195
Expired/Cancelled: 61 (56, 62, 121, 69) *90
Total Active Halifax/Dartmouth Inventory:  3,410 (3,375, 3,300, 3,268, 3,312) +4,229
Absorption Rate in weeks:  16 (17, 16, 16, 18) *23

Single Family Home Stats
Active Single Family Home: 1,904 (1,897, 1,878, 1,828, 1,860) *2,480
Average Single Family Home List Price:  $348,169 ($367k,$350k,$356k,$336k) *$322k
Average Single Family Home Selling Price:  $341,770 ($359k,$344k,$348k,$329k) *$313k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $299,900 ($299k, $299k,$295k,$290k)*$285k
​Median Single Family Home Sold Price (6 mo):$295,000 ($292k,$290k,$287k,$283k)*$280k
Average Days on Market Single Family Home: 52 (44, 59, 53, 65) *50

Condo Stats
Active Condos:  267 (260, 261, 258, 257) *408
Average Condo Listing Price:  $249,999 ($317k, $276k, $274k, $243k) *$285k
Average Condo Selling Price: $245,772 ($311k, $272k, $266k, $236k) *$279k
Condo Sale to List Ratio This Week: 98% (98%, 98%, 97%, 97%) 98%
Median Condo List Price (6 mo): $246,250 ($248, $245k, $248k, $246k) *$236k
Median Condo Sold Price (6 mo): $239,900 ($241k, $239k, $241k, $241k) *$225k
Average Days on Market Condos: 37 (43, 46, 60, 65) *88

Active Vacant Lots: 955 (943, 934, 931, 936) *983

Market Rant
Looks like we are finally in the full swing of the Spring market, to include increasing inventory! (finally). I actually had this conversation with a colleague of mine today, regarding the Halifax real estate market, and we discussed the overall picture and what led us to this point. If you have been following my blog, you will know that each step of this market conversion has been tracked and discussed on a weekly basis since the beginning. I have also weighed in on factors surrounding the current state of affairs on several posts, but have never quite been able to pinpoint the source of this change. We do know a few things. 1. Irving did spark a need for housing from the contracts granted by the federal government, it just took some time to have a real impact. 2. Sellers seemed reluctant to come to market. This was understandable given the fallout from the initial ship building announcement, where most sellers around that time were met with a soft market that carried on for several years afterwards. Due to the lack of supply, eventually, that would be one of the key factors in the market change. 3. Surge of buyers. Wether it was caused by a lack of choice, or maybe standards that had been held too high, at some point, the buyers market had tuned over to a balanced, then sellers market in many areas in a very short time. The question of where these buyers have come from and where the sellers have gone are key questions. Of course, Halifax is an awesome place to live, and it's also one of the more affordable places to buy property, especially if you compare our ocean frontage prices with the east coast. Of course there are several more factors that have brought us here, and one of the more important questions to consider is when things will change. Make sure to stay tuned to find out, and thanks for stopping by!

Meet Nala! This stunning young lady is hoping that you will choose her for a walk so she can show you what a sweetheart she is.
She can be a little bouncy when meeting new people as she is just too happy. 
She loves her squeaky toys and is hoping you will be the one to play with her always.
​
This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about her 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!

Halifax (HRM) Residential Statistic Update for the Week of  May 9th - May 16th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 351 (401, 378, 329, 359) *420
Sold:  203  (209, 197, 206, 232) *202
Sale To Listing Ratio: 58% (52%, 52%, 63%, 64%) *48%
Price Changes: 181 (177, 171, 139, 135) *215
Listings that went conditional/pending: 232 (261, 273, 186, 250)  *237
Expired/Cancelled: 56 (62, 121, 69, 73, 54) *69
Total Active Halifax/Dartmouth Inventory:  3,375 (3,300, 3,268, 3,312, 3,233) +4,193
Absorption Rate in weeks:  17 (16, 16, 18, 18) *23

Single Family Home Stats
Active Single Family Home: 1,897 (1,878, 1,828, 1,860, 1,798) *2,426
Average Single Family Home List Price:  $366,851 ($350k,$356k,$336k,$323k) *$356k
Average Single Family Home Selling Price:  $358,937 ($344k,$348k,$329k,$315k) *$341k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,100 ($299k,$295k,$290k,$290k)*$285k
​Median Single Family Home Sold Price (6 mo):$291,500 ($290k,$287k,$283k,$284k)*$280k
Average Days on Market Single Family Home: 44 (59, 53, 65, 60) *62

Condo Stats
Active Condos:  260 (261, 258, 257, 252) *410
Average Condo Listing Price:  $316,466 ($276k, $274k, $243k, $251k) *$254k
Average Condo Selling Price: $311,127 ($272k, $266k, $236k, $241k) *$247k
Condo Sale to List Ratio This Week: 98% (98%, 97%, 97%, 96%) 97%
Median Condo List Price (6 mo): $248,250 ($245k, $248k, $246k, $250k) *$236k
Median Condo Sold Price (6 mo): $241,000 ($239k, $241k, $241k, $245k) *$225k
Average Days on Market Condos: 43 (46, 60, 65, 69) *95

Active Vacant Lots: 943 (934, 931, 936, 926) *1,000

Market Rant
Unless you've been hiding under a rock, or perhaps just entering the real estate market here in Halifax, there should be no surprise to start out with another "hot market in Halifax" alert. This week keeps the train rolling with yet another showing of solid sales numbers, and marginal inventory gain. Buyer activity wained slightly this week, but seemed to catch momentum as the week progressed to cap the week with a decent result. Still quite a number of price changes that occurred this week, which means not everything is flying off the shelf or enjoying the frenzied activity some communities and price points are. Listings coming off the market in the expired/cancelled fashion are still slightly down this week as well, but that doesn't really surprise me given the market conditions. Despite these constantly positive week to week sales reports, the absorption rate actually climbed a week, which caught me a bit off guard. Still, it is reporting that much lower than last year, and I have a suspicion that the rate will likely drop a few more weeks before making its climb back to the seasonal trend. Right in the thick of it now, so make sure you stay tuned to keep a track on the highs and lows of our real estate market here in Halifax. Thanks for stopping by!

Meet Audrey! This beautiful bluenose-pitty mix is looking for a new family to play fetch with. Audrey is a very bubbly girl and loves to meet new people - you can spot her bum wiggling from a mile away! She looks forward to hanging out on the couch, receiving belly rubs and sneaking in all the kisses she can get (if you let her).

Audrey is on a weight loss diet and requires a family that is committed to helping her shed a few pounds.

Her ideal home would be one of the following:

-Free of other animals (she is very anxious around cats and other dogs; will politely say hello, but can be dominate)
-Active, yet laid back when the time is right
-No children please as she can be quite pushy and grabby with her toys

If you'd like to meet Audrey, come on by during adoption hours; 12-4pm daily.
​
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her 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!