|
Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 356 (307, 365, 386, 375) *349 Sold: 192 (220, 197, 176, 203) *209 Sale To Listing Ratio: 54% (72%, 54%, 46%, 54%) *60% Price Changes: 112 (122, 102, 81, 79) *62 Listings that went conditional/pending: 206 (227, 248, 262, 199) *258 Expired/Cancelled/Withdrawn: 56 (45, 44, 59, 34) *41 Total Active Halifax/Dartmouth Inventory: 1,178 (1,097, 1,077, 1,010, 1,008) +1,184 Absorption Rate in weeks: 6 (6, 6, 5, 5) *6 Single Family Home Stats Active Single Family Home: 587 (522, 552, 483, 480) *468 Average Single Family Home List Price: $548,980 ($529k,$548k,$503k,$512k) *$408k Average Single Family Home Selling Price: $587,237 ($577k,$599k,$570k,$576k) *$465k Single Family Home Sale to List Ratio This Week: 107% (110%, 110%, 113%, 113%) *114% Median Single Family Home List Price (6 mo): $449,949 ($450k,$450k,$450k,$450k) *$385k Median Single Family Home Sold Price (6 mo):$545,000 ($545k,$545k,$540k,$541k)*$433k Average Days on Market Single Family Home: 13 (9, 10, 9, 7) *16 Condo Stats Active Condos: 101 (102, 93, 91, 93) *99 Average Condo Listing Price: $367,468 ($587k, $418k, $408k, $380k) *$390k Average Condo Selling Price: $384,181 ($603k, $450k, $442k, $422k) *$424k Condo Sale to List Ratio This Week: 105% (103%, 108%, 108%, 111%) *109% Median Condo List Price (6 mo): $389,900 ($390k, $390k, $390k, $389k) *$320k Median Condo Sold Price (6 mo): $447,500 ($450k, $446k, $448k, $445k) *$350k Average Days on Market Condos: 10 (12, 13, 7, 7) *9 Active Vacant Lots: 297 (287, 269, 255, 252) *463 Market Rant Just like that, we have over 100 more listings on the market right now than we did at the same time last year, which is good news for buyers out there, but not so good for any Sellers that are trying to scramble to market in hopes of capitalizing on the fading market. There is still quite a bit of buyer interest out there, it just seems to be lacking in many areas of the city. Perhaps the uncertainty of things has made some take a step back, or the pending interest rate hikes have caused a further evaluation. Either way, the lack of buyer activity has been noticeable. Values remain strong this week, but you can start to see indications to support the notion of the correcting market. Things like the sales to list ratio, especially single family homes, who have seen a continued decline as the weeks march on. Overall, the air is being let out, and it is happening much faster than expected. As touched on in previous posts, as sellers increase the pace on getting to market, inventory rises while demand wains. As this happens, the overbid strategy that has worked for the last couple of years is now becoming less and less useful. It works if you have a ton of buyers to draw from, but when the competition grows, this strategy will have to be put on ice. We have seen prices increase after a failed offer holdover window, causing listings to negotiate backwards like the good old days. This will continue to happen over and over until the market corrects and buyers set the tone for prices they are willing to absorb. Time will tell where it will all end up, so stay tuned to the blog to keep track of things! Thanks for stopping by! The Weekly "Adogtable" Meet Hawk. Breed: lab mix. Age: 3 yrs old. Neutered and up to date on vaccines. Perfect health House trained Not destructive No separation anxiety Can be left if you work No very fast learner Bonds quickly and loves his person. Very affectionate and gentle dog with his person once bonded. He lived with horses and with a cat. He was excited with the cat the first few days, then with safe intros over time he and the cat then learned to sleep and play together. He accepts visitors well but has never been around young children. Has been socialized with several respectful dogs (of his size and he has made friends with nice body language and he shares toys. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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!  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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 307 (365, 386, 375, 360) *355 Sold: 220 (197, 176, 203, 215) *223 Sale To Listing Ratio: 72% (54%, 46%, 54%, 60%) *63% Price Changes: 122 (102, 81, 79, 95) *57 Listings that went conditional/pending: 227 (248, 262, 199, 259) *269 Expired/Cancelled/Withdrawn: 45 (44, 59, 34, 44) *44 Total Active Halifax/Dartmouth Inventory: 1,097 (1,077, 1,010, 1,008, 872) +1,102 Absorption Rate in weeks: 6 (6, 5, 5, 4) *5 Single Family Home Stats Active Single Family Home: 522 (552, 483, 480, 380) *435 Average Single Family Home List Price: $529,069 ($548k,$503k,$512k,$530k) *$420k Average Single Family Home Selling Price: $577,001 ($599k,$570k,$576k,$610k) *$482k Single Family Home Sale to List Ratio This Week: 110% (110%, 113%, 113%, 115%) *115% Median Single Family Home List Price (6 mo): $449,900 ($450k,$450k,$450k,$450k) *$385k Median Single Family Home Sold Price (6 mo):$545,000 ($545k,$540k,$541k,$540k)*$430k Average Days on Market Single Family Home: 10 (10, 9, 7, 8) *16 Condo Stats Active Condos: 102 (93, 91, 93, 78) *90 Average Condo Listing Price: $587,285 ($418k, $408k, $380k, $420k) *$349k Average Condo Selling Price: $603,421 ($450k, $442k, $422k, $483k) *$372k Condo Sale to List Ratio This Week: 103% (108%, 108%, 111%, 115%) *107% Median Condo List Price (6 mo): $389,900 ($390k, $390k, $389k, $385k) *$319k Median Condo Sold Price (6 mo): $450,000 ($446k, $448k, $445k, $445k) *$345k Average Days on Market Condos: 12 (13, 7, 7, 7) *13 Active Vacant Lots: 287 (269, 255, 252, 248) *442 Market Rant A fewer new listings this week, which was quite opposite from what I was expecting given the general feel of the market right now. Still early in the day however, and Wednesday's/Thursday's seem to be the popular days to list, so expect those numbers to bump up a bit as the day wears on. I also expect this number to balloon in the coming weeks as Sellers scramble to take advantage of the fading market. Sales had a good showing this week, which is a direct influence from the last couple of weeks solid pending sales performance. Median prices held their ground, and so too did the market absorption rate. Once of the stats that continues to take off is the weekly price changes. I was curious a few weeks ago to see which direction they were going these days, and not surprisingly, changes in southern direction have started to come back! As the last few weeks have worn on, this is becoming more of a trend as well. The odd thing right now is we seem to be slipping into a reverse 2020 market, where no one really knew what bids would come in to propel the selling price to the top, where now it is uncertain of how to minimize the overbid amount. Nowadays, listing prices are mostly set with the overbid amounts in mind. The problem now with this tactic is as the market continues to soften, we are seeing more and more listings survive the offer hold over window, causing a reversal in the pricing strategy. If a listing does not achieve the overbid amount they were hoping for, the trend of kicking the price to that amount has become a new strategy. By doing this, we are already seeing listings selling at or under asking prices, or simply sitting on the market and price adjusting, and this will continue until most of the multiple offer competitions end. There will likely be many areas and products that hold out, but cooling in most areas has already taken hold, so it really is just a matter of time. The interesting times continue, so make sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable" Meet Marley! Purebred shepherd Age: fit 6 yrs old Neutered - Yes Vaccinated - Yes Cats - No Dogs - females, not males as much. Kids 12+ No resource guarding for toys No resourve guarding for food Protective of a high value bone . His story: Marley is a pure bred from a breeder of working dogs in France. He worked until the age of 4 with a handler in a security company. He was never trained for protection, he was used for drug detection and was fabulous at his job. The company closed and the handler moved out of the country abandoning him. f Marley doesn’t like other male dogs, but he gets along with puppies and respectful females. He is sociable with people, but he has a lot of drive and needs someone with good leadership and guidance to bring out his full potential. He loves to work on obedience, can play ball or frisbe for hours and would still have a lot of potential to practice a dog sport (agility, odor detection, etc.) Marley has even been introduced to dock diving and loved it, as he loves the water (and fetching toys!) He is house trained, non destructive. He doesn't like the crate, but he can stay free in the house without any problem. He is able to stay alone, but needs active adopters people like him who will understand his need to work and be active This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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!  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 6(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 365 (386, 375, 360, 433) *368 Sold: 197 (176, 203, 215, 243) *206 Sale To Listing Ratio: 54% (46%, 54%, 60%, 56%) *56% Price Changes: 102 (81, 79, 95, 86) *38 Listings that went conditional/pending: 248 (262, 199, 259, 258) *259 Expired/Cancelled/Withdrawn: 44 (59, 34, 44, 46) *50 Total Active Halifax/Dartmouth Inventory: 1,077 (1,010, 1,008, 872, 893) +1,054 Absorption Rate in weeks: 6 (5, 5, 4, 4) *5 Single Family Home Stats Active Single Family Home: 552 (483, 480, 380, 422) *391 Average Single Family Home List Price: $547,974 (%503k,$512k,$530k,$566k) *$448k Average Single Family Home Selling Price: $599,429 ($570k,$576k,$610k,$645k) *$504k Single Family Home Sale to List Ratio This Week: 110% (113%, 113%, 115%, 114%) *113% Median Single Family Home List Price (6 mo): $449,949 ($450k,$450k,$450k,$450k) *$386k Median Single Family Home Sold Price (6 mo):$545,000 ($540k,$541k,$540k,$532k)*$429k Average Days on Market Single Family Home: 10 (9, 7, 8, 12) *12 Condo Stats Active Condos: 93 (91, 93, 78, 72) *90 Average Condo Listing Price: $417,914 ($408k, $380k, $420k, $398k) *$324k Average Condo Selling Price: $450,114 ($442k, $422k, $483k, $452k) *$357k Condo Sale to List Ratio This Week: 108% (108%, 111%, 115%, 114%) *110% Median Condo List Price (6 mo): $389,450 ($390k, $389k, $385k, $380k) *$323k Median Condo Sold Price (6 mo): $446,000 ($448k, $445k, $445k, $435k) *$349k Average Days on Market Condos: 13 (7, 7, 7, 7) *7 Active Vacant Lots: 269 (255, 252, 248, 242) *447 Market Rant Cracks in the veneer continue to spread this week, with all signs pointing to continued market deflation. It's the subtle things, like the slow creep up of days on market before selling, increased price changes in the southern direction, and an absorption rate that continues to elevate (rather quickly at this point). Some of the other, larger data, items like the six month median values will take some time to catch up, but the weekly stats are as close to real time as we are going to get. Sometimes they are just anomalies, an off week, or a small pause, but string enough recent reports together and you can start to pick out the trends. At this point, all indications are pointing to a continued trot to a balanced market, in a rather abrupt fashion as well. Mind you, the market here did take off like a rocket in 2020, so things that go up so quickly are bound to plummet at some point. As previously reported, there continues to be certain price points, areas and product types (water access/views, cottage type, turn-key) that remain in demand and sought after, but even those are seeing less and less buyer activity week to week. At this point we are starting to see more and more properties survive the offer holdover window, and even some that are starting to sell at or very close to asking price. Could we see a return to a balanced market by the end of Summer? Only time will tell, so make sure you stay on top of things by tuning into the blog! Thanks for stopping by! The Weekly "Adogtable" Meet Jackson! Jackson was found in an empty home, he had been alone for many days with no food or water. He was scared and hungry. Breed: Saint Bernard/ possible husky x Age: 2 yrs old Neutered. Up to date on core vaccines and flea and tick protection. Weight: 95 pounds Cats: No he is too excited and would chase Dogs: Yes if sociable. Presently Jackson is fostered with two senior staffies one male and one a female diva. He is very polite, tolerant, and respectful. No resource guarding at all for people, food or toys. Children: Has met his foster 7 yr old grandson and loved him. He loves to have a child throw a ball. Temperament: A slightly fearful dog with strangers for 20 seconds (barks at first contact, especially with men) but then he is very affectionate with everyone. Really loves his belly rubs and snuggles. He is a good guardian, meaning he sounds the alarm if someone is around your property, or at your door. He simply lets out a bark and then stops when asked. Jackson is playful and likes most toys. He especially loves balls. He has a medium energy level then is calm. He is very well trained, is able to stay alone and be calm in the house, and has no bite history. Jackson is tall, so can be a counter surfer if you leave anything out. He learns super fast just with kibble from his own food instead of treats and he walks well on a leash. Jackson was x-rayed because with his breed we knew he could be predisposed to hip dysplasia and it was confirmed he has it. Presently he has zero symptoms or discomfort. He lives well with his condition running and playing like a normal 2 yr old dog. No osteoarthritis is present. Now that his condition is known we keep Jackson on the lean side and give him joint supplements. His foster home has no steep entrance/ exit into the home. He does go up the stairs inside his foster home easily to join the other dogs at bedtime. Otherwise, he enjoys the spacious lower level with heated floors and easy walk access to the yard. There is no reason why Jackson cannot continue to live a carefree, healthy and active life. We do limit exercise to two 30-minute walks a day. He also has a huge fenced-in yard at his foster home to explore with his canine playmates. Jackson presently eats a hypoallergenic diet (Royal Canin) and is doing well on it. He also likes salmon-based food like SMACK! Jackson really is a dream dog to have in our care. He is so eager to please and loving. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 386 (375, 360, 433, 411) *272 Sold: 176 (203, 215, 243, 211) *183 Sale To Listing Ratio: 46% (54%, 60%, 56%, 51%) *67% Price Changes: 81 (79, 95, 86, 63) *43 Listings that went conditional/pending: 262 (199, 259, 258, 266) *207 Expired/Cancelled/Withdrawn: 59 (34, 44, 46, 61) *50 Total Active Halifax/Dartmouth Inventory: 1,010 (1,008, 872, 893, 793) +978 Absorption Rate in weeks: 5 (5, 4, 4, 4) *4 Single Family Home Stats Active Single Family Home: 483 (480, 380, 422, 332) *352 Average Single Family Home List Price: $502,872 ($512k,$530k,$566k,$501k) *$460k Average Single Family Home Selling Price: $569,603 ($576k,$610k,$645k,$571k) *$515k Single Family Home Sale to List Ratio This Week: 113% (113%, 115%, 114%, 114%) *112% Median Single Family Home List Price (6 mo): $449,900 ($450k,$450k,$450k,$445k) *$385k Median Single Family Home Sold Price (6 mo):$540,155 ($541k,$540k,$532k,525k)*$425k Average Days on Market Single Family Home: 9 (7, 8, 12, 14) *21 Condo Stats Active Condos: 91 (93, 78, 72, 69) *83 Average Condo Listing Price: $407,850 ($380k, $420k, $398k, $515k) *$353k Average Condo Selling Price: $441,545 ($422k, $483k, $452k, $565k) *$385k Condo Sale to List Ratio This Week: 108% (111%, 115%, 114%, 110%) *109% Median Condo List Price (6 mo): $389,450 ($389k, $385k, $380k, $380k) *$320k Median Condo Sold Price (6 mo): $447,450 ($445k, $445k, $435k, $430k) *$345k Average Days on Market Condos: 7 (7, 7, 7, 23) *12 Active Vacant Lots: 255 (252, 248, 242, 244) *428 Market Rant Bit of a stalemate this week, but the good news is that inventory has stabilized, for now. Another good week for new listing additions, but it was also another week for reduced sales, further leading us down the road to a balancing market. Quite a few stalls in other areas of the stats report as well. Not a lot of gain or loss in either direction at this point, even values and overbid amounts took a week off. We may see a few weeks of this levelling effect until, ultimately, the market levels out. The market grew so quickly in such a short period of time, one has to wonder how steep the fall might be when/if things start to normalize again, back to the typical 3-5% annual value gain. Ultimately, it will be very unrealistic to think that prices will return to those of 2019, so anyone who did not have to move prior to then would still likely have good luck with selling, especially if they have to compete with anyone who purchased after that time. Seems to be a few more options to market each week these days, but there are a few areas and products that are still seeing incredible activity and others not so much. Bit of whack-a-mole out there currently to find which ones are highly competitive and the ones that are not. Typically, turn-key and anything with water views/access are still in high demand, but as the market cools, the edges of the HRM boundary seem to be the first to experience the decrease in demand. Summer does tend to be the slowest season, so perhaps the Spring market has already come and gone, leaving an early Summer market. Perhaps it's just a short break, I mean, it has been a high octane fuelled market since 2020, and a cooling, even if temporary, is a welcome change for some. All eyes on the Summer market, and I have you covered! Stay tuned to the blog to keep informed, and thanks for stopping by! The Weekly "Adogtable" Meet Phoebe! Temperament: real sweetheart and obedient. Dog friendly: yes. Cat Friendly: yes. People friendly: yes. Child friendly: yes Loves other dogs, cats, and humans. Needs people at home because she has separation anxiety. When her owners are with her, she's a perfect dog Well trained loves to cuddle or play ball, and she can go for a long walk or be on the couch. She loves human attention so she's also fine as the only dog in the house and just has friends outside the home. She is not reactive, she can bark at strange men at first contact but she's very easy with people. She lives with 3 cats and an 8-year-old child. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 375 (360, 433, 411, 362) *251 Sold: 203 (215, 243, 211, 201) *161 Sale To Listing Ratio: 54% (60%, 56%, 51%, 56%) *80% Price Changes: 79 (95, 86, 63, 48) *35 Listings that went conditional/pending: 199 (259, 258, 266, 270) *223 Expired/Cancelled/Withdrawn: 34 (44, 46, 61, 35) *27 Total Active Halifax/Dartmouth Inventory: 1,008 (872, 893, 793, 712) +950 Absorption Rate in weeks: 5 (4, 4, 4, 4) *4 Single Family Home Stats Active Single Family Home: 480 (380, 422, 332, 293) *325 Average Single Family Home List Price: $511,957 ($530k,$566k,$501k,$540k) *$433k Average Single Family Home Selling Price: $576,007 ($610k,$645k,$571k,$619k) *$490k Single Family Home Sale to List Ratio This Week: 113% (115%, 114%, 114%, 115%) *113% Median Single Family Home List Price (6 mo): $449,900 ($450k,$450k,$445k,$440k) *$380k Median Single Family Home Sold Price (6 mo):$541,000 ($540k,$532k,525k,$520k)*$425k Average Days on Market Single Family Home: 7 (8, 12, 14, 9) *12 Condo Stats Active Condos: 93 (78, 72, 69, 58) *80 Average Condo Listing Price: $380,230 ($420k, $398k, $515k, $653k) *$378k Average Condo Selling Price: $421,547 ($483k, $452k, $565k, $705k) *$392k Condo Sale to List Ratio This Week: 111% (115%, 114%, 110%, 108%) *103% Median Condo List Price (6 mo): $389,000 ($385k, $380k, $380k, $380k) *$319k Median Condo Sold Price (6 mo): $445,000 ($445k, $435k, $430k, $425k) *$339k Average Days on Market Condos: 7 (7, 7, 23, 61) *42 Active Vacant Lots: 252 (248, 242, 244, 235) *425 Market Rant Finally! After a shaky start to the year, and a lot of questions about how this year would go, this week we have surpassed the inventory volume reported at this time last year. We have been halving the inventory level each year for the last three or so years, so the question was if it happened again this year could it cause (could still) a major issue in out city? Luckily, as I have been reporting, the local market does appear to be following national trend and has started to deflate a bit, giving relief to Buyers and market watchers alike. Single family homes had a big inventory week, condo's and vacant land marginal., but all had gains and reported higher than last year at this time. Although the options have been limited, sellers are finding a way to get to the market, bumping up the numbers in the last few weeks. Buyer activity seems to be waining as well, which is likely due to many simply being priced out of the home buying option, which is really unfortunate. The sales to list ratio has been cruising at, or just over, the 50% mark, where this time last year was mostly 100%+. Sales also seem to be down, despite the increasing amount of inventory, all signs that are pointing to a slowing market. Next few weeks will be instrumental for the Halifax real estate market, and it's a good time to keep evaluating the ongoing changes. I have you covered, so make sure to stay tuned to the blog to stay on top of this dynamic market, and thanks for stopping by! The Weekly "Adogtable" Name: Odin Age: 3 yrs old Neutered male. He is up to date on core vaccines and on flea/ tick protection Cats: YES cat safe Not dog aggressive but prefers calm females. Crate-Trained but not needed as he is not destructive. Greets exuberantly as many Amstaff terriers do No food, aggression nor guarding No people guarding No toy resource guarding Loves strangers, men, and women Pretty chilled boy most times, but has his zooming times with pent up energy Not kid-tested No anxiety Lived with a cat and a dog. Strong on a leash but a good leash walk. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 360 (433, 411, 362, 248) *250 Sold: 215 (243, 211, 201, 170) *245 Sale To Listing Ratio: 60% (56%, 51%, 56%, 69%) *98% Price Changes: 95 (86, 63, 48, 35) *39 Listings that went conditional/pending: 259 (258, 266, 270, 169) *204 Expired/Cancelled/Withdrawn: 44 (46, 61, 35, 38) *40 Total Active Halifax/Dartmouth Inventory: 872 (893, 793, 712, 675) +971 Absorption Rate in weeks: 4 (4, 4, 4) *3 Single Family Home Stats Active Single Family Home: 380 (422, 332, 293, 269) *350 Average Single Family Home List Price: $529,554 ($566k,$501k,$540k,$481k) *$453k Average Single Family Home Selling Price: $608,986 ($645k,$571k,$619k,$570k) *$508k Single Family Home Sale to List Ratio This Week: 115% (114%, 114%, 115%, 119%) *112% Median Single Family Home List Price (6 mo): $449,900 ($450k,$445k,$440k,$430k) *$380k Median Single Family Home Sold Price (6 mo):$540,000 ($$532k,525k,$520k,$515k)*$415k Average Days on Market Single Family Home: 8 (12, 14, 9, 9) *14 Condo Stats Active Condos: 78 (72, 69, 58, 53) *78 Average Condo Listing Price: $420,320 ($398k, $515k, $653k, $405k) *$424k Average Condo Selling Price: $482,680 ($452k, $565k, $705k, $480k) *$436k Condo Sale to List Ratio This Week: 115% (114%, 110%, 108%, 118%) *103% Median Condo List Price (6 mo): $384,700 ($380k, $380k, $380k, $372k) *$305k Median Condo Sold Price (6 mo): $445,000 ($435k, $430k, $425k, $422k) *$325k Average Days on Market Condos: 7 (7, 23, 61, 5) *13 Active Vacant Lots: 248 (242, 244, 235, 234) *420 Market Rant Well that was short lived! After a few weeks of inventory recovery, we ended up taking a reduction this week, kicking us back down below the availability last year. Single family home sales are the culprit, and it would seem that buyers are back at the search after a few months of waiting for options. A few less listing entries to the market than reported in the last couple of weeks, but still a good showing, and much better than last year at this time. Price change numbers continue to rise this week, and looking over them, the percentage of those that are reductions are starting to increase weekly. For the last year, price change have been few, and the ones that have occurred have been increases, which could be another indication that prices are starting to plateau and the market levelling out. Reports around the Country have confirmed a slowing in most markets, and this week, it was reported that Canada's average home price reduced and sales fell for the first time in two years amid rising rates. You could feel it on the front lines here in Halifax, it was a noticeable drop in activity overall, and just some things happening that hadn't happened in a couple years started to be noticed. Price reductions were one of them, and certain areas/price points actually survived the offer hold over window. Certainly there are many factors involved with the market deflation locally, but early signs of the national market cooling had already started, and it seemed to be directly linked to the rise of interest rates. Couple that with buyer fatigue, unsustainable housing prices, and it was only a matter of time before things started to change. Question is, are we finally at the peak, or another false crest? The next few months will be critical in determining the answer, but one can only think that with every other market across the country cooling, Halifax will be not be an exception. Time will tell, and I have you covered, so stay tuned to the blog to stay on top of this dynamic market! Thanks for stopping by! The Weekly "Adogtable" Hello all, my name is Oliver! I arrived in Canada two weeks ago from Louisiana. I have to say, I am pretty happy with the move so far! I am only 9 months old, weigh about 30 lbs. and am a terrier mix. I'm now ready to start the search for my forever family. I love my foster parents very much, therefore I take every opportunity to cuddle with them. Let me be very clear, I LOVE to cuddle, it’s my favorite thing in the whole wide world! I am pretty outgoing and social, no matter who you are, I am going to request cuddles! I also like my furry canine foster sister, but she is a teenager. My foster mom explained to me that teenagers need their space, and I respect that! I am very polite and respectful with her and to thank me, sometimes she will play with me outside! We play very well together according to my foster mom. That being said, don’t tell my sister, but I think she is a little boring. A sibling with a little more energy would probably be much more fun. Actually, I would really love a canine sibling to play with! When I am done playing and cuddling for the day, I have a little bed beside my foster parents’ bed where I spend the night without making a single noise, except a little snore here and there! As for my perfect home, an apartment or a house would both be fine. I don’t bark very often and will immediately stop if my foster parents tell me to. A yard would be cool, but going for daily walks is fine by me! I would rate my energy level as medium. I had a few potty accidents inside the house after my arrival but my foster mom figured out my weakness: cheese! If I potty outside, I get a little piece of cheese, what a deal! I only had 2 accidents this past week! For the first week I was feeling a little unsure about my foster parents leaving the house. Thankfully my foster mom found a great solution for me! I need to have access to a window to be able to distract myself by looking outside! After about an hour of looking outside, I take a little nap, and wait for them to come back! Overall, my foster mom thinks that to know me is to love me! I am good with men, women and other animals. I think I would like children as well. I am a very happy and gentle soul. Now I have to go. My foster mom is tearing up… I have to let her know that I will love her forever, even after finding my new forever family. Am I the sweet, handsome, gentle soul you've been looking for? Then fill out an application today!! My adoption fee is a $450 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through the Save a Life Canada Animal Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 433 (411, 362, 248, 337) *251 Sold: 243 (211, 201, 170, 181) *303 Sale To Listing Ratio: 56% (51%, 56%, 69%, 54%) *121% Price Changes: 86 (63, 48, 35, 54) *39 Listings that went conditional/pending: 258 (266, 270, 169, 266) *267 Expired/Cancelled/Withdrawn: 46 (61, 35, 38, 38) *43 Total Active Halifax/Dartmouth Inventory: 893 (793, 712, 675, 655) +880 Absorption Rate in weeks: 4 (4, 4) *3 Single Family Home Stats Active Single Family Home: 422 (332, 293, 269, 245) *290 Average Single Family Home List Price: $565,539 ($501k,$540k,$481k,$504k) *$446k Average Single Family Home Selling Price: $645,225 ($571k,$619k,$570k,$609k) *$494k Single Family Home Sale to List Ratio This Week: 114% (114%, 115%, 119%, 121%) *111% Median Single Family Home List Price (6 mo): $449,900 ($445k,$440k,$430k,$430k) *$380k Median Single Family Home Sold Price (6 mo):$531,500 ($525k,$520k,$515k,$510k)*$415k Average Days on Market Single Family Home: 12 (14, 9, 9, 7) *21 Condo Stats Active Condos: 72 (69, 58, 53, 52) *74 Average Condo Listing Price: $397,458 ($515k, $653k, $405k, $454k) *$377k Average Condo Selling Price: $452,014 ($565k, $705k, $480k, $513k) *$397k Condo Sale to List Ratio This Week: 114% (110%, 108%, 118%, 113%) *105% Median Condo List Price (6 mo): $379,900 ($380k, $380k, $372k, $375k) *$305k Median Condo Sold Price (6 mo): $435,000 ($430k, $425k, $422k, $421k) *$325k Average Days on Market Condos: 7 (23, 61, 5, 5) *16 Active Vacant Lots: 242 (244, 235, 234, 241) *406 Market Rant Just like that, we are back on par with inventory levels of last year, which is big news! What almost seemed like a hopeless task (getting back to an inventory gaining market), has finally shed a little light on what some buyers are considering "dark times". You can see it on the websites, and notice it on the front lines though; more options and better selection to toss your hat in the ring for, which is giving a bit of hope back to buyers our there looking for their Halifax property. Listings are still receiving multiple offers in most cases, but the word on the street is that they are reducing in number, despite the overbids not coming down in value. At some point that will change, so it will important to keep an eye on the bids coming in on the last day of the offer holdover period. Single family homes are by far the leader in the gain this week, adding almost 100 new units this week, which was desperately needed, and hopefully more on the way! All eyes on the next few weeks to see if this listing momentum will carry into the rest of the Spring, or if it will be short lived. The good news is that we have stopped the yearly decimation of the inventory. HRM has been reducing its inventory by half each year for over the last two years, and this is the first time we have seen a climb back since the beginning of the pandemic market. Interesting times indeed, so be sure to stay tuned to the blog to stay on top of our rapidly changing market! Thanks for stopping by! The Weekly "Adogtable" Hi everyone! My name is Remy and I am a short legged Catahoula mix weighing around 30lbs. I am only between 1-2 years old with my whole life ahead of me. I came all the way from Louisiana to find my forever home and have been loving Canada so far! I am a very smart boy who knows how to sit, lay down, and come when called. I am fully housetrained and non-destructive. I walk pretty well on a leash, but I do pull a bit sometimes if I see someone or something that I REALLY want to sniff! However, I respond well to a firm “no” when I’m getting into something I’m not supposed to. I love going for walks and have adjusted quickly to the different sights and sounds of the city. I do have some vision issues due to my color/genetics, but it doesn’t slow me down at all! I’m super friendly with other dogs and people and steal the hearts of everyone I meet! I take a little longer to warm up to men but as long as they give me my space and let me approach them first, we’ll become best friends! My absolute favourite thing to do is snuggle up on the couch. When I see my foster mom heading for the living room, I get so excited and immediately jump up and lay beside her for cuddles! I like to keep her in sight so sometimes I’ll follow her around a bit. I’d much rather sleep in her bed but I will sleep in my own. I whine a little when left home alone, but usually can settle down on my own and am sleeping by the time anyone comes home! I am usually great with visitors to my foster home, but I have exhibited a bit of resource guarding lately over my foster mom when people came to visit, nipping at them. I would definitely be better suited in a home with someone who has dog experience and can help me build my confidence. I have not been tested around kids or cats yet, or with other dogs in the home. All in all, I am a super sweet, active, and loving boy who needs a little help to be the best me that I can be. I can’t wait to find my forever family. My adoption fee is a $400 donation to the rescue to help save more dogs like me. I will be neutered soon, I am vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through the Save a Life Canada Animal Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 411 (362, 248, 337, 386) *261 Sold: 211 (201, 170, 181, 199) *269 Sale To Listing Ratio: 51% (56%, 69%, 54%, 52%) *103% Price Changes: 63 (48, 35, 54, 41) *42 Listings that went conditional/pending: 266 (270, 169, 266, 227) *264 Expired/Cancelled/Withdrawn: 61 (35, 38, 38, 55) *79 Total Active Halifax/Dartmouth Inventory: 793 (712, 675, 655, 675) +917 Absorption Rate in weeks: 4 (4) *3 Single Family Home Stats Active Single Family Home: 332 (293, 269, 245, 265) *320 Average Single Family Home List Price: $501,104 ($540k,$481k,$504k,$502k) *$427k Average Single Family Home Selling Price: $570,501 ($619k,$570k,$609k,$600k) *$480k Single Family Home Sale to List Ratio This Week: 114% (115%, 119%, 121%, 120%) *112% Median Single Family Home List Price (6 mo): $445,000 ($440k,$430k,$430k,$430k) *$380k Median Single Family Home Sold Price (6 mo):$525,100 ($520k,$515k,$510k, $505k)*$415k Average Days on Market Single Family Home: 14 (9, 9, 7, 7) *12 Condo Stats Active Condos: 69 (58, 53, 52, 60) *90 Average Condo Listing Price: $514,542 ($653k, $405k, $454k, $503k) *$336k Average Condo Selling Price: $565,285 ($705k, $480k, $513k, $525k) *$370k Condo Sale to List Ratio This Week: 110% (108%, 118%, 113%, 104%) *110% Median Condo List Price (6 mo): $379,900 ($380k, $372k, $375k, $370k) *$305k Median Condo Sold Price (6 mo): $430,000 ($425k, $422k, $421k, $420k) *$325k Average Days on Market Condos: 23 (61, 5, 5, 29) *27 Active Vacant Lots: 244 (235, 234, 241, 242) *404 Market Rant We have lift off! After a questionable late winter/early Spring inventory showing, we finally have a few good weeks of gain, with this week really bumping things up. Increases in all tracked products this week, but Single Family Homes definitely had the most significant increase thanks to a big dump of new listings. The increases over the past few weeks have closed the gap between last year and this year, and this week we are just over 100 properties away from matching the overall numbers from then. That is significant news to wary buyers out there waiting for their chance to get into the market. Could be a small window of opportunity, or things could continue to trend this way for the foreseeable future, but we will need more time to confirm. In any case, it is a welcomed change for buyers, to see more options out there and perhaps a bit less competition. Values took a hit this week in the weekly reports, but the six month median prices still had gains. A few interesting notes this week was the increase of days on market, elevated price changes, and listings that exited the market entirely. There has been reports of various other markets starting to cool around the country, namely Calgary and Toronto which took a big hit in March (GTA), but has since dropped another 27% since then, down 41% in sales from this time last year. Can't really say I'm all that surprised, nor will I be when it happens here as well. It has been an incredible market here in the last two years, but what goes up must come down. Will we see Toronto sized numbers? I don't think so, but there is bound to be a correction or plateau in values at least. Halifax is still somewhat affordable compared to other, larger markets, so that should sustain activity here for a bit longer. Naturally, when/if inventory ever recovers, it will trigger the basic fundamental of supply and depend. As demand is met, expect the overbids to decrease, and eventually disappear all together. Again, this could be a hiccup in the market, but signs are pointing to a cooling. Only time will tell, so make sure to stay tuned to the blog to stay on top of things. Thanks for stopping by! The Weekly "Adogtable" Our names are Pixie (11 years old, female, 17lbs) and Weavel (7 years old, male, 14lbs) and we are a senior bonded chihuahua mix pair! We started our journey in Texas a few years ago, we thought we found our forever home but it turns out they weren't the ones 😔 we are now hoping this time will be the last! Life can really suck you know. It hasn’t been kind to me, I’m Weavil and I am the perfect example of how resilient a dog can be. My journey started in a kill shelter in Texas, I was homed, and then came back into foster care several months ago. I am diabetic. My sugars have been stabilized by two tiny shots of insulin a day. Insulin needles are small and sharp, I barely notice them, foster mom even stabbed herself once, and she agreed, not so bad. Unfortunately the other side effect of my diabetes is my vision, my diabetic cataracts make it harder to see now. My foster mom tells me not to worry because my vision loss doesn’t make me any less loveable. I love my foster family very much and will whine and wiggle when one of them comes home. In fact I will crawl right up your body to get the hugs I deserve. I am a little leary of strangers, I might bark a bit, but not aggressively. I also love my sister Pixie, we are a bonded pair and hope to stay together forever, she is a sweet little Texas belle. I have a very good appetite, and am very food motivated. This is a small issue in my foster home, they already have a full house, people and critters. I can get a little snappy at food time when everyone is going crazy, so my foster mom separates us, so everyone gets along. The same dogs that I see as competition in the food fiasco are the dogs I might be snuggling with later. I will let out a warning growl to them to know what’s coming, so it is easy to avert. My sister and I never fight, we will even share with each other. In this regard it would make it easier on us if we were the only dogs. The cat is a non issue for me, she doesn’t like dog food. Pixie or the other hand she is curious about the cat so we think it'll be easiest if there are no kitties in our forever home either. We do just fine when left home alone as long as there is a cozy place to snuggle up in together. We would really love it if you let us sleep in your bed with you at night but we will sleep in our bed close by as well. Our perfect home would be a quieter one, we haven't met many kids but think we would prefer an adult only home to enjoy some easy senior years! Easy access to an outdoor space would be ideal. It could be a deck or yard. Even with my vision loss I will get around and do my business outside if I have a safe place to explore. We are house trained if you keep us on a schedule and watch our cues. We will walk on a leash, but we don’t need to do marathons for sure. We don’t mind the car, or the vet. If you want company and someone to share your space with, love you and make you feel special, we are your perfect pets. Do you think we'd be a good match? Our adoption fee is a $300 donation to the rescue to help save more dogs like us. We are spayed and neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all our doggy papers to come home to you! You can apply for us at https://form.jotform.com/60895241776264 This "cuddly companion" is available through the Save a Life Canada Animal Rescue, a non profit rescue organization from Nova Scotia. More info about them 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 362 (248, 337, 386, 263) *296 Sold: 201 (170, 181, 199, 149) *301 Sale To Listing Ratio: 56% (69%, 54%, 52%, 57%) *102% Price Changes: 48 (35, 54, 41, 18) *59 Listings that went conditional/pending: 270 (169, 266, 227, 200) *346 Expired/Cancelled/Withdrawn: 35 (38, 38, 55, 37) *48 Total Active Halifax/Dartmouth Inventory: 712 (675, 655, 675, 577) +994 Absorption Rate in weeks: 4 () *19 Single Family Home Stats Active Single Family Home: 293 (269, 245, 265, 215) *364 Average Single Family Home List Price: $540,045 ($481k,$504k,$502k,$499k) *$419k Average Single Family Home Selling Price: $618,478 ($570k,$609k,$600k,$611k) *$477k Single Family Home Sale to List Ratio This Week: 115% (119%, 121%, 120%, 122%) *114% Median Single Family Home List Price (6 mo): $439,900 ($430k,$430k,$430k,$425k) *$380k Median Single Family Home Sold Price (6 mo):$520,000 ($515k,$510k, $505k,$499k)*$411k Average Days on Market Single Family Home: 9 (9, 7, 7, 9) *14 Condo Stats Active Condos: 58 (53, 52, 60, 37) *101 Average Condo Listing Price: $653,386 ($405k, $454k, $503k, $386k) *$280k Average Condo Selling Price: $705,394 ($480k, $513k, $525k, $471k) *$348k Condo Sale to List Ratio This Week: 108% (118%, 113%, 104%, 122%) *124% Median Condo List Price (6 mo): $379,650 ($372k, $375k, $370k, $370k) *$303k Median Condo Sold Price (6 mo): $425,000 ($422k, $421k, $420k, $405k) *$325k Average Days on Market Condos: 61 (5, 5, 29, 9) *10 Active Vacant Lots: 235 (234, 241, 242, 233) *412 Market Rant Finally, another week of solid, notable market recovery activity this week. Inventory took a bump in all tracked products, and the gap between this year and last years overall volume is starting to close. WIth more selection around the city, buyer attention has been divided and has caused a noticeable decrease in individual listing traffic. Perhaps this is one of those "pockets of opportunity" that become available from time to time, or perhaps we are finally on the way to cooler market times. A few more weeks of this activity and we will definitely be on a path to better times for buyers, and perhaps a bit of a different reception for sellers. It is the Spring market though, and higher volumes of new listing additions usually trend this time of year. Sure, we are missing some of the local lateral move inventory, and the some of the relocation inventory, and even new construction options, but will all that said the market does appear to be softening (for the moment at least). Values took another jump this week, which will likely continue as the stats catch up to the current market, and the overbid amounts seem to be holding fast on their averages as well. Exciting times for many as market fatigue has definitely taken its toll on weary buyers just trying to get in, and has even been challenging for many of the various professionals in the industry. Another false crest, or are we finally starting the decent? Only time will tell, so make sure to stay tuned to the blog to keep tabs on the market! Thanks for stopping by! The Weekly "Adogtable" Hello everyone, I’m Ollie, a 9 month old pitty mix boy weighing approximately 45lbs. I made my way to Canada from Texas, where I was found as a stray and I am ready to start searching for my forever home. I’m a playful fella who loves toys of all kinds but squeakers are my favourite. I will play fetch but I’m still working on bringing the ball back. Balls are fun! I am a little nervous when I first meet people and sometimes will growl but stop quickly, especially if you have a treat for me. I love treats! Children older than 12 are recommended due to my size and age as I can easily knock over a smaller child because I don’t realize my size and strength. I walk great on leash and do not pull at all. I’m also perfect in the car and usually just curl up on the seat and take a nap. My foster mom uses the command “Load Up!” and I jump right in. I am almost housetrained. I do most of my business outside but you have to take me out immediately after I eat/drink any amount of water. If I have an accident it is in front of the door but I don’t make any noise or indication to go out so sometimes my foster parents miss getting me out quick enough and then I will have an accident. I am getting so much better because they keep a close eye on me and know if I head to the door, I need out. Smaller animals are a big NO for me, cats, dogs or other. After almost 2 weeks of living without incident in my current foster home, I grabbed my little fur foster sister, thankfully she is going to be ok, but clearly I can't be trusted with littles. I also don’t think living with a low energy dog is ideal as I don’t know when to quit playtime and it can make another dog upset with me when they’ve had enough. I have no issues with resource guarding at all. I do bark a fair amount so apartments probably aren't ideal for me. I am crate trained for when I’m left alone, although I haven’t had to be in one for a while because my foster momma is home from work right now so I haven’t been alone much. My favourite place to sleep is in bed with my humans. Most times I climb under the covers and use the pillows. I think I’m part human sometimes. I am such a handsome boy, everyone falls in love with me! I hope my forever family is out there waiting and sees how wonderful I am! My adoption fee is a $450 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through the Save a Life Canada Animal Rescue, a non profit rescue organization from 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! 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 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 248 (337, 386, 263) *378 Sold: 170 (181, 199, 149) *296 Sale To Listing Ratio: 69% (54%, 52%, 57%) *78% Price Changes: 35 (54, 41, 18) *60 Listings that went conditional/pending: 169 (266, 227, 200) *358 Expired/Cancelled/Withdrawn: 38 (38, 55, 37) *44 Total Active Halifax/Dartmouth Inventory: 675 (655, 675, 577) +1,031 Single Family Home Stats Active Single Family Home: 269 (245, 265, 215) *407 Average Single Family Home List Price: $480,735 ($504k, $502k, $499k) *$413k Average Single Family Home Selling Price: $570,132 ($609k, $600k, $611k) *$462k Single Family Home Sale to List Ratio This Week: 119% (121%, 120%, 122%) *112% Median Single Family Home List Price (6 mo): $429,900 ($430k, $430k, $425k) *$380k Median Single Family Home Sold Price (6 mo):$515,000 ($510k, $505k, $499k)*$403k Average Days on Market Single Family Home: 9 (7, 7, 9) *20 Condo Stats Active Condos: 53 (52, 60, 37) *141 Average Condo Listing Price: $405,426 ($454k, $503k, $386k) *$329k Average Condo Selling Price: $479,218 ($513k, $525k, $471k) *$355kk Condo Sale to List Ratio This Week: 118% (113%, 104%, 122%) *108% Median Condo List Price (6 mo): $372,400 ($375k, $370k, $370k) *$310k Median Condo Sold Price (6 mo): $422,047 ($421k, $420k, $405k) *$325k Average Days on Market Condos: 5 (5, 29, 9) *11 Active Vacant Lots: 234 (241, 242, 233) *397 Market Rant You could feel it slow down a touch, and most tracked stats hit a lull this week. Perhaps it was the Easter long weekend, or maybe the weather kept folks at bay, but listings took a break and reported the lowest new listing addition in over a month, and the prices cooled a touch as well. Annually, however, we should see a wave of inventory hit the market in the next few weeks, since this time of year is usually the start of our true Spring market. The next few weeks will be huge in indicating which way the market will lean for the remainder of the year, and could possible have ongoing implications for the future market as well. Too early to tell if the interest rate hike, or the new tax implementation has had an impact yet, but those factors should start to be felt in the next few weeks. The big question on everyones tongue is "how much longer will the market sustain?", which is truly a very difficult question to answer. Predictability is just not in the cards for the Halifax real estate market right now, but if I had to take an educated guess, I would say we are in the early stage for a cooling in the market, at least in some areas and price points. Million dollar+ homes on the outside of the peninsula are sticking around in some areas, and not all properties are being met with the same buyer eagerness that we have seen in the last couple of years. Of course, there are still properties that are garnering the attention of buyers, which are mostly turn-key and priced just under true market value. The Weekly "Adogtable" Hey everyone! My name is Max. I’m a 4 year old fixed Lab/Rottweiler mix boy and I’m 80 lbs. I was a local surrender because I started to become upset with the children in the home. That was 4, long, months ago and I'm still waiting for my forever home. I've watched many dogs come and go through the rescue doors and can't help but wonder why noone chose me. I really am a good boy, I just need a bit of time to feel comfortable. But I'm not giving up hope that my forever family is out there somewhere and will see my beauty through my quirks. Fingers crossed for me!! I am fully house trained. I have never had any accidents in the house. I am also non-destructive as you can tell by my toys. They are still looking fine after many months. As mentioned I did live with kids at my last place and we weren’t an ideal match. I’d probably do best in a home with respectful children over the age of 15. It took me a few days to get used to a large resident pup and cat but now that I've been an only dog for a while I think this might be my ideal home. I wasn't a fan of being around a smaller dog than me but dogs my size or bigger I'd still like to play with outside the home. I get a little nervous and I’ll growl if people get too close too quickly and catch me off guard, but I warm up pretty fast if you give me some space first. Once I am comfortable with you, I’ll accept love in the form of pets anytime! I'm much more calm and quick to accept when the humans don't have those funny masks on their face. Once I put my trust in you completely, I’ll follow you to the ends of the earth. And become a very submissive boy. The one place I really don't like is the vet! I will need some medication beforehand to try and help me calm down. Maybe with my forever family we can take some trips to the vet and just walk around so I can start to learn it doesn't have to be a scary place. I love going for walks! I’ve also got great skills in the recall department. I’ll sit at the door and wait to go out to do my business. I don’t mind going in the car with you, but you’ve gotta let me hang my head out the window. If you need to leave the home without me, I bet you’ll hear me howl through the walls when I hear your car come back. I get super excited knowing that you came back to me! I’m a super cuddly guy that would love to lie on the couch with you or on your bed. My foster paw-rents gave me my own bed but I’d much rather be on theirs. My afternoon snore sessions are usually on the couch by the window so I can protect my owners. I have a preference for the human food (aka anything but greens). Chicken based kibble seems to make me a little itchy, so I am staying away from all chicken, even though I look like I want it!. I love treats, and would love to eat only treats but, of course, I can't. I know how to sit, give paw, stand up, wait for my supper, and lay on my bed. I love to flip bottom up and make all sorts of funny noises and put on quite a show when it’s playtime. I love the crinkly toys and ropes the most. I can also make you tired when I get a good toy and if you start to chase me! I can't help but grunt while running around so I hope you can have fun with me. My ideal day would be to wake up on my own accord without having to be pried off my bed. Let’s be real, the mornings are getting cold! Next, I’d attempt to sway your heart to stay home from work, but relaxing on the couch while you’re gone isn’t so bad either. Once you return after what feels like an eternity, I would give you all my love and appreciation. I would have a play session and a walk with you, and then chill out on the couch again. My adoption fee is a $400 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through the Save a Life Canada Animal Rescue, a non profit rescue organization from 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! 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 |
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.. ListingsPhoto's by Jeremiah
Archives
June 2022
Categories
All
|
RSS Feed
