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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 189 () *229 Sold: 98 () *76 Sale To Listing Ratio: 52% () *33% Price Changes: 51 () *51 Listings that went conditional/pending: 181 () *137 Expired/Cancelled/Withdrawn: 67 (37, 123, 37, 62) *51 Total Active Halifax/Dartmouth Inventory: 1,075 () +2,156 Absorption Rate in weeks: X () *X Single Family Home Stats Active Single Family Home: 441 () *1,088 Average Single Family Home List Price: $469,230 () *$365k Average Single Family Home Selling Price: $464,667 () *$353k Single Family Home Sale to List Ratio This Week: 99% () *97% Median Single Family Home List Price (6 mo): $349,900 ()*$315k Median Single Family Home Sold Price (6 mo):$360,000 ()*$309k Average Days on Market Single Family Home: 59 () *65 Condo Stats Active Condos: 98 () *142 Average Condo Listing Price: $328,435 () *$289k Average Condo Selling Price: $325,171 () *$287k Condo Sale to List Ratio This Week: 99% () 99% Median Condo List Price (6 mo): $262,450 () *$250k Median Condo Sold Price (6 mo): $270,000 () *$240k Average Days on Market Condos: 119 ()*69 Active Vacant Lots: 430 (505, 513, 551, 547) *773 Market Rant And we are back! 2021 picks up right where 2020 left off... a challenging market for Buyers and a great market for Sellers. Usually January starts with a bit of a hop with the leftover activity from the previous year resuming to finish up their transaction, then wains once the snow flies, but the demand is so high for property that I would be surprised if we even enter the late winter blues market at all. The bones have almost been picked clean as buyers take a look around and see a measly 1,075 products on the market (all categories combined), which is down 50% from this time last year. The entire HRM only has 441 single family homes for sale right now, and that's across all price brackets in all areas! Values continue to push across the board as well, with single family home values entering 2021 with a record breaking week to kick things off. Both sales to list ratios hit below the 100% mark, but the real story can be found in the median prices, as they are reflecting the true nature of the market by pulling data from six months. That picture is a bit different from the weekly snapshot, and shows that both tracked products, on average, are selling 8-10k over list price. This is just the average for a broad brush application, if you were to dig into the market in certain areas and property price brackets you will see extreme variations in sales amounts. Still, as this market carries on, prices continue to inflate as demand drives these sales to historic heights. Will this be the year that things turnaround, or are we in for yet another Sellers year? You'll have to stay tuned to the blog to find out and keep up to date with how the market tracks! Thanks for stopping by, and stay safe out there! The Weekly Adogtable! I'm Manji. I am a 1yr old Catahoula mix boy weighing in at approximately 50lbs. I was surrendered to a shelter in Louisiana because my family didn't have time for me and kept me crated 24/7. So I decided to come to Nova Scotia with a few friends in search of a forever home. On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so my forever family will find me!?! I am much more than a Southern boy with fancy markings, I am a dog that is all about my people! My markings and awesome webbed feet are from my Catahoula side of the family, the official state dog of Louisiana. I am highly intelligent and energetic and am certainly eager to please. I would do amazingly well with an active family who is preferably breed experienced. I would probably be best suited for older kids as I still have alot of puppy antics to work on… but with my willingness to please they say I have a lot of potential! I know quite a few commands but I still need some training as my attention span isn't always the best. A few treats and alot of praise and I should be a breeze to train. I did interact with cats at my foster home and was gentle, however when they ran I was quick to chase..but they were always too fast for me to catch. I had 2 doggy siblings in my foster home. We got along for the most part. I did have a squabble with one over a toy and the other I got a little jealous over one day and did not act like the perfect gentleman I should have. Other than that my interactions with other canine friends have been positive. My exercise needs would be medium-high but my cuddling needs are very high. With a human as my pack leader I walk like a champ, always keeping a close eye on you when walking right beside you, sometimes so close that sometimes you might trip over me...oops sorry. I am super fast.. and not too bad on recall. I love the car, so much so that sometimes I jump right in the front passenger seat. I am a social bug and love meeting new people but sometimes I just get so excited I jump right up on them. My foster dad says that's a big no-no and we're working on this. I am housebroken and love a comfy warm bed, being a southern dog who can blame me! Still being a young dog I need to have access to some chew toys..and I also like to cuddle with plush toys.. but they may end up being a chew toy at some point. I also love tennis balls. Being in a crate for so much of my short life, I definitely prefer to sleep near my person and not in one. I can pretty much sleep in any position. They say I'm a complete bed hog, I say they just need a bigger bed. Are you my forever family? My adoption fee is a $400 donation to help save more dogs like me. I am neutered, vaccinated and microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, 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 Happy New Year! Are you ready for a wild ride? Well strap in cause it's gonna get interesting! Going into 2020, we were steeped in a Sellers market that had been established and building since 2018. By the end of 2019, multiple offers and asking/over asking price sales were becoming somewhat normal. So much so, that the trend of the "golden weekend" started to occur as agents clued in to the climate surrounding our market. In short, showings were being held for a few days, offers held off until Sunday and presented on Monday. That type of thing. Fast forward a few months and the COVID-19 pandemic would set another blow to the already surging sellers market. At first, no one knew how it would affect the market. Some thought that everything would come to a full stop, for awhile at least, then see the downturn of activity. Buyers came out again in full force hoping to capitalize on the situation and snag a property at a deal potential, or at least get into a property at a minimum. Alas, that was not the case. The demand for property remained, while the already decimated inventory continued to decline by sales and lack of sellers coming to market. This activity steadily stoked the fire of an already smoking market.  Already at a record low going into 2020, things did not improve at all in this regard for HRM's inventory. As fast as it was being added, was as quickly as it was being snapped up. The challenge continued in the pandemic, as many sellers put their listing needs on hold since they were likely a bit wary of trains of people in and out of there homes, touching things, coughing on things and the like. This put a pause on a lot of occupied listings, adding to the lack of options available on the market, especially at peak of the listing year. Even after showing protocol was established it was too late, the demand for property and buyer surge had created a buying environment so competitive that extreme overbidding became the norm. It was an incredible year for sales despite the pandemic, with only a short interruption in the surge.  2020 broke a lot of records, and has set up 2021 to do the same, perhaps. As you will see from above, 2020 carried on with the strong sale lead of 2019 and continued its push until March when Covid=19 made its way to the Maritimes. April and May were the hardest hit by the somewhat pause in activity, but quickly regained its footing in June and carried on breaking records all the way to December. A lot of questions came in regarding the reasoning behind the surge, and what were the major factors contributing to this unprecedented time. In my opinion, it wasn't just one factor that put us where we are currently. As mentioned, we went into 2020 in as Sellers market that had been in place for a couple years already. Things were getting bleaker by the week for buyers, but it was gradual, which is the way in Nova Scotia. The factors that created that market are plentiful. Government contracts in full swing, relocations back in the cycle, immigration and economical factors, along with affordable lending / living options and quality of life wants all created a perfect storm of desirability in Nova Scotia. Based on all of those factors, Covid-19 made many people second guess their current living situation. If they were going to be locked down again, why not do it where it's awesome, which is here in Nova Scotia. People in apartments wanted green space, people in cities wanted to move a little more remotely to have elbow room, people in land locked provinces wanted to be by the ocean etc. Here in Nova Scotia, we have all those things, and at the time, an affordable option at that. The pandemic also created another unique secondary factor from outside buyers, as they started to identify businesses that could be managed from the home office. "If I can work from home now, I don't need to add the stress of living in a metropolis to do it, I can do the job overlooking the Atlantic ocean". So in addition to regular relocations, we now have people from all over the country (World) looking for a affordable option that aligns with their living wants since they can work from the comfort of their living rooms. Now I say affordable option, since Halifax is still quite an affordable city compared to many around the country, but that may change if it keeps up however, as sale values also achieved record heights and continue to surge.  2020 started off in usual fashion, a general 4-6% annual gain, which is and has been the average (give or take a point or two) for as long as I have been tracking the stats (15+ years), until this year of course which witnessed a 17% gain in 12 short months. More than 4 years (perhaps more) of growth combined, and most of the gain was achieved in the last 5 months of the year. So where does that leave us in 2021? Well, historically, the numbers flux in small waves but nothing like the above in this city. If the current trends continue, this stat will also carry on rising, but when and if we hit that ceiling, the fall is likely to be fast and noticeable. The question becomes, when will it plateau and turn? Well, in my opinion, I think we are in for another year of record breakers and sustained buyer activity at the least. We are still taking in many relocations, essential and personal choice based, but there are many stuck where they are because of the need to self isolate for 14 days so it's not an option. Couple that with the lack of options and it's almost an impossible task for a lot of people out of province at this point, so they will need to wait until things taper off a bit. How long it will sustain is question. All the previously mentioned points certainly contribute, but to paint a picture of just how significant the change in the market has been this year, the height of the inventory 5 short years ago was 5,845, and sales of 437 residential units at a average selling price of $274,774 in August of 2015. Fast forward to August of 2020 and there was 1,793 available residential products, 825 sales at an average selling price of $373,143, practically $100k change in that short time on average. Looking at the current inventory level is that much more bleak for buyers at the moment as well. 2020 proved to be one of the most unique years on record, so going into 2021 there is a lot of optimism and hope that we will see things return to a more familiar normal. As far as the market goes, stay tuned to the blog to stay on top of things and get informed! Thanks for stopping by, and be sure to check in next week with the return of the weekly market rant! Thanks for stopping by, and stay safe out there! 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 101(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 200 (193, 229, 250, 230) *103 Sold: 168 (178, 194, 229, 230) *109 Sale To Listing Ratio: 84% (92%, 85%, 92%, 100%) *106% Price Changes: 43 (48, 72, 88, 88) *30 Listings that went conditional/pending: 189 (159, 215, 208, 242) *111 Expired/Cancelled/Withdrawn: 54 (37, 123, 37, 62) *85 Total Active Halifax/Dartmouth Inventory: 1,306 (1,347, 1,360, 1,492, 1,472) +2,308 Absorption Rate in weeks: 7 (6, 6, 7, 7) *18 Single Family Home Stats Active Single Family Home: 553 (579, 575, 653, 652) *1,139 Average Single Family Home List Price: $421,037 ($414k,$398k,$400k,$416k) *$338k Average Single Family Home Selling Price: $418,251 ($423k,$403k,$403k,$418k) *$333k Single Family Home Sale to List Ratio This Week: 99% (102%,101%,101%,101%) *99% Median Single Family Home List Price (6 mo): $349,900 ($350k,$350k,$349k,$350k)*$315k Median Single Family Home Sold Price (6 mo):$358,000 ($355k,$355k,$355k,$354k)*$308k Average Days on Market Single Family Home: 51 (46, 36, 35, 38) *80 Condo Stats Active Condos: 117 (125, 130, 135, 123) *169 Average Condo Listing Price: $313,216 ($286k, $385k,$378k, $299k) *$301k Average Condo Selling Price: $316,420 ($285k, $377k, $369k, $294k) *$292k Condo Sale to List Ratio This Week: 101% (99%, 98%, 97%, 98%) 97% Median Condo List Price (6 mo): $269,900 ($270k, $270k, $270k, $270k) *$245k Median Condo Sold Price (6 mo): $270,000 ($270k, $270k, $272k, $270k) *$239k Average Days on Market Condos: 34 (17, 31, 28, 71)*47 Active Vacant Lots: 510 (505, 513, 551, 547) *826 Market Rant Almost 1000 less products on the market for sale this year compared to last, needless to say, we have hit new lows. A measly 553 single family homes are listed for sale at the moment, while at this time last year there was 1,139. This should make for an interesting launch in the new year. Usually, January sees remnant activity from the previous year spark back up again for a good portion of the month, then wane when the snow flies, but as I type this, that is already happening and unless something drastic happens the sellers market will dominate the new year! With 2020 being a market year that no one could have predicted, it only makes sense that we start out the new year in uncharted territory, and vague projections. Fairly surprising number of new listings this week, almost double from last year, so I suspect buyers will be watching this stat with great interest to see if this listing trend will carry into the new year. It does seems that more and more listings are finally making their way to the market, although demand is so strong that it's hardly noticed. Eventually, I suspect that this activity will be noticed once the turn has happened, but for now, buyer activity is relentless so new listings will continue to be gobbled up! Last notable from the week is the jump in single family six month median prices. Listing prices held fast, but the median single family home sale prices had their largest leap since the Summer, coming up $3,000 in a single week. This stat has stalled for the the last couple of months, and there almost seemed to be a notice of change with a couple weeks or marginal reduction, however, this jump has indicated the opposite in a big way. This jump also puts SFH median sales exactly $50,000 over last year at this time, and also suggests that on average, listed properties are selling at least $9,000 over asking price. Of course, we have seen this vary significantly, latest high being $130k over the asking. That's a significant increase. . With 2020 almost in the rear view, there will be a lot of data to review and analyze. There will also be a lot of momentum that swings into 2021, so be sure to stay tuned to the blog to keep up to date with our market. Thanks for stopping by, and stay safe our there!  Happy Holidays! I just wanted to wish all my clients (past, present and future), friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant will return in 2021, with the 2020 market year summary! Be sure to stop by, you will not want to miss it! The Weekly Adogtable! My name is Macy and I am a 6 year old Rottweiler/mastiff mix girl weighing around 90lbs. I was a local surrender and have been waiting over 4 months to find my forever home so I'm ready! I am good with adults and kids but I can get over excited and knowing my size could easily knock over little ones by accident. I had a cat with me in a home and we did okay but anything quick moving outside I will pull as hard as I can to go see them. I have seen dogs from a distance and will growl and lunge and pull to get to them so I am looking to be the only dog in the home and also make sure my family can handle my strength. I'm good on my leash when no distractions are around but have a hard time focusing when other animals go by. I am learning recall and will answer to my name and come immediately, again without distractions like animals and people. I am very energetic, I just had my ACL fixed and it does not slow me down one bit anymore. Since my recovery, I am getting very close to be able to run and dash with no more cracking coming from my back leg. I can also definitely be a couch potato just as much of a snuggle bug and play once I'm comfortable with someone. I had two incident inside the house while with foster dad but never again. Foster dad will brush my teeth, clip my nails and clean my ear and I just sit there without complaining, other than occasionally pulling my paw back. I am good in the car and I'm learning baths aren't scary either. I don’t really love being left alone but will be fine with it. I don't chew anything I'm not supposed to so don't need to be crated and if I'm being honest I really don't like them. I do not touch tables or counters but will eat whatever you give me. Toys are now fun ! I have learned to play with chew toys, chase balls and play tug. I will answer to sit, down, paw, wait, up and look and will turn on my belly every time I'm laying down to ask for a belly rub. Are you my forever home? My adoption fee is a $350 donation to help save more dogs like me. I am spayed and microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt. This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, 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: 193 (229, 250, 230, 261) *141 Sold: 178 (194, 229, 230, 198) *114 Sale To Listing Ratio: 92% (85%, 92%, 100%, 76%) *81% Price Changes: 48 (72, 88, 88, 105) *51 Listings that went conditional/pending: 159 (215, 208, 242, 228) *132 Expired/Cancelled/Withdrawn: 37 (123, 37, 62, 100) *124 Total Active Halifax/Dartmouth Inventory: 1,347 (1,360, 1,492, 1,472, 1,573) +2,398 Absorption Rate in weeks: 6 (6, 7, 7, 7) *17 Single Family Home Stats Active Single Family Home: 579 (575, 653, 652, 739) *1,202 Average Single Family Home List Price: $413,635 ($398k,$400k,$416k,$425k) *$357k Average Single Family Home Selling Price: $422,448 ($403k,$403k,$418k,$431k) *$356k Single Family Home Sale to List Ratio This Week: 102% (101%,101%,101%,101%) *99% Median Single Family Home List Price (6 mo): $349,900 ($350k,$349k,$350k,$345k)*$315k Median Single Family Home Sold Price (6 mo):$355,123 ($355k,$355k,$354k,$350k)*$308k Average Days on Market Single Family Home: 46 (36, 35, 38, 40) *89 Condo Stats Active Condos: 125 (130, 135, 123, 133) *177 Average Condo Listing Price: $286,075 ($385k,$378k, $299k, $390k) *$285k Average Condo Selling Price: $284,876 ($377k, $369k, $294k, $385k) *$281k Condo Sale to List Ratio This Week: 99% (98%, 97%, 98%, 99%) 98% Median Condo List Price (6 mo): $269,900 ($270k, $270k, $270k, $270k) *$243k Median Condo Sold Price (6 mo): $270,000 ($270k, $272k, $270k, $270k) *$237k Average Days on Market Condos: 17 (31, 28, 71, 24)*29 Active Vacant Lots: 505 (513, 551, 547, 550) *841 Market Rant With the end of the year and holidays right around the corner, buyers and sellers make their final push to close out the 2020 market year with a bang. A much higher showing of new listings for this time of year was reported this week, along with a sustained sales and buyer activity report. Price changes remain minimal. and the amount of listings that retreated from the market this week was reduced too. The six month median condo value's held fast this week, while Single Family Homes median values had a slight improvement from the last two weeks of reduction, keeping the question open regarding a possible turn in the market. Likely, we are finally starting to see annual trend take hold, since Christmas and the holiday season is a powerful attention grab from buyers, and a time worth staying put, for sellers. Still, last minute shoppers are still out in full force, and it doesn't appear as though it will change anytime soon. In fact, some folks might be using this venerable time to stay and snag a property, in hopes competition is a bit distracted from the market. Still a challenge however, as this time usually reports the lowest inventory count of the year, and where we are already in the basement regarding inventory on a good day, the pickins are slim, and will likely get slimmer as we close out 2020. Couple more reports left this year, so stay tuned to the blog to find out how one of more unique years in recent history has impacted the real estate market here in Halifax. Thanks for stopping buy, and stay safe out there! The Weekly Adogtable! Hi everyone! My name is Hooligan and I am a 60lbs, 2 year young male puppy. I was surrendered from a Humane Society and due to BSL I could not be adopted out there. I am super excited to find my forever home! I don’t quite understand children and their unusual movements and voices, I get excited and want to play with them but I can be a little rough because of my size. My forever home should have kids over 15 or adults only. I have not met any cats so I'm not really sure what I think about them. I have met multiple dogs and I am very reactive to the larger or intact male dogs, smaller female dogs have been ok but I'd rather just have my humans to myself. So I need a forever home who can exercise me away from active dog spaces, I won’t be a daycare or dog park kind of dog. I am working on being muzzle trained because when I was put into a situation with a larger dog I reacted, my family tried to step in to help and I ended up biting them from reacting to the dog. A quiet neighborhood without lots of kids and other pets would be ideal for me. I am also housetrained and crate trained because I may get into a few things if left alone. The neighbors said they don't hear a peep from me when I'm by myself. Oh and I know a bunch of commands! I will sit, stay/wait (even at meal times), shake and lay down. Let's just say I'm very treat motivated! I am reactive on leash particularly to fast moving things, dogs or kids but I'm going to try to keep working on it with my forever family. I have been in the car and am a perfect car ride buddy. I would love to have a fenced yard to run out my zoomies in! Zoomies are often followed by snuggle sessions and I am a complete bed hog at night. I love all things rubber and my favourite treat is pepperoni! Stuff some rubber toys with pepperoni and I'll be in heaven! Are you my forever home?! 💙 My adoption fee is a $400 donation to help save more dogs like me. I am neutered and microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, 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: 229 (250, 230, 261, 312) *197 Sold: 194 (229, 230, 198, 242) *141 Sale To Listing Ratio: 85% (92%, 100%, 76%, 78%) *72% Price Changes: 72 (88, 88, 105, 74) *91 Listings that went conditional/pending: 215 (208, 242, 228, 246) *133 Expired/Cancelled/Withdrawn: 123 (37, 62, 100, 44) *219 Total Active Halifax/Dartmouth Inventory: 1,360 (1,492, 1,472, 1,573, 1,649) +2,483 Absorption Rate in weeks: 6 (7, 7, 7, 7) *17 Single Family Home Stats Active Single Family Home: 575 (653, 652, 739, 783) *1,287 Average Single Family Home List Price: $397,808 ($400k,$416k,$425k,$387k) *$356k Average Single Family Home Selling Price: $403,119 ($403k,$418k,$431k,$391k) *$344k Single Family Home Sale to List Ratio This Week: 101% (101%,101%,101%,101%) *97% Median Single Family Home List Price (6 mo): $349,650 ($349k,$350k,$345k,$343k)*$315k Median Single Family Home Sold Price (6 mo):$355,000 ($355k,$354k,$350k,$350k)*$308k Average Days on Market Single Family Home: 36 (35, 38, 40, 38) *74 Condo Stats Active Condos: 130 (135, 123, 133, 151) *170 Average Condo Listing Price: $384,819 ($378k, $299k, $390k, $302k) *$235k Average Condo Selling Price: $376,945 ($369k, $294k, $385k, $302k) *$228k Condo Sale to List Ratio This Week: 98% (97%, 98%, 99%, 99%) 97% Median Condo List Price (6 mo): $269,900 ($270k, $270k, $270k, $269k) *$243k Median Condo Sold Price (6 mo): $270,000 ($272k, $270k, $270k, $270k) *$237k Average Days on Market Condos: 31 (28, 71, 24, 56)*53 Active Vacant Lots: 513 (551, 547, 550, 560) *836 Market Rant No surprises with the inventory this week as the Halifax market felt another significant drop. Normal for this time of year, but perhaps helped along a bit more by buyer activity. December marks the beginning of the end for the market year, and as we approach the end of the month activity has a tendency to take pause as well, which is likely due to the holiday season. Along with the incredible activity and record breaking numbers this year, the absorption rate has experienced historic lows. Since the beginning of the year we have slowly slipped from 21 weeks, all the way down to 6. Since August, it was believed that we hit a low due to the consistent week to week showing of 7, but alas we have dropped another week this week, taking this already reduced stat to new lows. Seems that the median prices have stabilized for the second week in a row. After last weeks report, there was a reduction in this stat for the first time this year. this sparked a question of if the market had hit a peak or if we are just experiencing qualities of a market that is nearing is seasonal end? Seems we will need a few more weeks to make a conclusion, as the median condo sale price reduced back to $270k this week, so both tracked products have had mixed reports. These numbers will be important to watch in the coming weeks, as they are strong factors in the market environment. Only a few weeks left in 2020, so it will be interesting to see how the end plays out. Stay tuned to the blog to find out! Thanks for stopping by, and stay safe out there! The Weekly Adogtable! My name is Hughie and I’m an almost 4 years old, 15lb, male morkie. I was surrendered due to issues my parents didn't feel capable of taking on. Thankfully, they reached out to a rescue and Salcars agreed to help. I was only in my previous home for approximately a week before my parents realized that this new free dog they got wasn't exactly as advertised. I picked the man as my person, and wasn't very kind to the lady in the house, anytime the man was around. My foster mom says that’s called people guarding and says it can be common in smaller dogs. In my foster home, it’s just me, foster mom and my doggy foster sister. I’m much more settled this way and haven’t shown any guarding behaviors here, so a home with one adult only or a couple (no kids) who is experienced with these behaviors would be ideal for me. I haven't met any kitties yet but testing is possible if needed. I’m good in the car and like to stand on the armrest and look out the window. I prefer to be in the front seat! I’m house trained and love that my foster mom has a fenced yard but I would be ok on a lead or a leash to go out. I love walks!! I walk well on a leash and only pull a little when there’s something out of my reach that I want to smell. I’m good at meeting other dogs on walks as long as they don’t run up into my face or are too big and excitable as that makes me nervous. Speaking of nervous, I’m weirdly nervous of a jacket and sometimes a harness. For the first week I was with my foster mom, I ran away as soon as she pulled out my coat but one morning I was ok with it being put on then the next day, not ok again. Once I even growled at her when she tried but I didn’t bite as she decided not to stress me out with it. Hopefully my new home will also be patient with me until I trust them. I have my own bed that I like to use but I also love sleeping in bed with my foster mom and fur sister. I’m house trained and although I don’t mind a crate, I don’t need one. I’m not destructive when my foster mom is at work, she thinks I sleep all day! I’m free fed and graze when I feel like eating. I don’t over eat at all. Oh I’m also very picky about treats, but I do love liver treats! Please remind me before reaching one out to me to be easy/gentle as I can get a bit excited and grabby but I’m doing really good when someone tells me to be easy first. I like playing with my stuffy toys but sometimes it takes me a few days to be comfy enough to show that side of me. I'm nervous of baths but tolerant. I spent a day at daycare and although I was nervous at first, I eventually loosened up and had a blast. I had to take a trip to the vet to get a checkup. I was not happy about that and had no trouble showing the vet how I felt. I may need to be muzzled and/or have some anxiety meds before going to the vet again until I develop a good relationship with one. I don’t trust super easy. The vet I saw here with Salcars thinks I learned that if I snap at people, I don’t have to do what they want me to, so I’ll need to work on that as well. If you feel you are the right family for me and have the patience and time to help work on my issues...My adoption fee is a $400 donation to help save more dogs like me. I am neutered, vaccinated, microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt This "cuddly companion" is available through SPCA Nova Scotia, 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: 250 (230, 261, 312, 313) *154 Sold: 229 (230, 198, 242, 225) *149 Sale To Listing Ratio: 92% (100%, 76%, 78%, 72%) *97% Price Changes: 88 (88, 105, 74, 86) *103 Listings that went conditional/pending: 208 (242, 228, 246, 283) *138 Expired/Cancelled/Withdrawn: 37 (62, 100, 44, 59) *62 Total Active Halifax/Dartmouth Inventory: 1,492 (1,472, 1,573, 1,649, 1,632) +2,601 Absorption Rate in weeks: 7 (7, 7, 7, 7) *17 Single Family Home Stats Active Single Family Home: 653 (652, 739, 783, 798) *1,336 Average Single Family Home List Price: $399,627 ($416k,$425k,$387k,$427k) *$373k Average Single Family Home Selling Price: $403,162 ($418k,$431k,$391k,$430k) *$365k Single Family Home Sale to List Ratio This Week: 101% (101%,101%,101%,101%) *98% Median Single Family Home List Price (6 mo): $349,250 ($350k,$345k,$343k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$355,000 ($354k,$350k,$350k,$350k)*$305k Average Days on Market Single Family Home: 35 (38, 40, 38, 28) *66 Condo Stats Active Condos: 135 (123, 133, 151, 162) *187 Average Condo Listing Price: $378,238 ($299k, $390k, $302k, $341k) *$291k Average Condo Selling Price: $368,681 ($294k, $385k, $302k, $332k) *$290k Condo Sale to List Ratio This Week: 97% (98%, 99%, 99%, 97%) 99% Median Condo List Price (6 mo): $269,900 ($270k, $270k, $269k, $270k) *$245k Median Condo Sold Price (6 mo): $272,000 ($270k, $270k, $270k, $270k) *$239k Average Days on Market Condos: 28 (71, 24, 56, 60)*35 Active Vacant Lots: 551 (547, 550, 560, 535) *874 Market Rant Bit of an oddball week, as the inventory actually had a slight increase in all tracked products across the board. Could be that some buyers took the week off to get some Christmas shopping done, or perhaps it's just the market, since if you look closely, the stats several things did not change a lot from last week. There was a few more listings, a few less sales, but the real factor this week I think was reduced buyer activity. Buyers that placed offers and had them accepted this weekly as reflected by the pending sales stat had a slump this week, still good for this time of year and compared to last year at this time, but not what we are accustomed to in the 2020 market. A measly 37 properties retreated from the market this week too, so it seems the inventory addition wasn't just one factor, but several small stats that contributed in turning the tide. Another interesting report this week was the 6 month median list/sell price of single family homes. For the first time since the beginning of the year, it actually decreased! Not by a lot ( a mere $250.00), but it's certainly significant. Because the six month median takes into account all sales in that timeframe, fluctuations are usually gradual since there is so much data to draw from. Where the change is a reduction in the value for that important stat, the question becomes is this an indication that a peak is here, or close? Stay tuned to the blog to see if our market has turned a corner, or if this weeks report is a one off, much like many in this anything but predictable market year. Thanks for stopping by, and stay safe out there! The Weekly Adogtable! Meet Shelby! Shelby is a ~8 year old female spayed amstaff mix. (~25 kg) She would prefer a home children 16+. She would prefer a home with no cats or small animals. She is foster to adopt. Shelby is finally ready for her big adoption debut. This sweet girl has so much love and affection to give to her new family. She has had some medical to get through before she was ready to show her beautiful self, and she is still working through it but she has progressed to a point where she is now available to see. Shelby loves to be outside with her people and go for walks in the sunshine. She isn't a fan of the rain so on those days she likes to spend time inside with a good toy to chew on. Shelby is an absolute delight and the perfect companion. This "cuddly companion" is available through SPCA Nova Scotia, 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: 230 (261, 312, 313, 363) *151 Sold: 230 (198, 242, 225, 208) *141 Sale To Listing Ratio: 100% (76%, 78%, 72%, 57%) *93% Price Changes: 88 (105, 74, 86, 71) *84 Listings that went conditional/pending: 242 (228, 246, 283, 239) *155 Expired/Cancelled/Withdrawn: 62 (100, 44, 59, 48) *60 Total Active Halifax/Dartmouth Inventory: 1,472 (1,573, 1,649, 1,632, 1,705) +2,657 Absorption Rate in weeks: 7 (7, 7, 7, 8) *17 Single Family Home Stats Active Single Family Home: 652 (739, 783, 798, 835) *1,372 Average Single Family Home List Price: $416,237 ($425k,$387k,$427k,$380k) *$381k Average Single Family Home Selling Price: $418,394 ($431k,$391k,$430k,$390k) *$371k Single Family Home Sale to List Ratio This Week: 101% (101%,101%,101%,103%) *97% Median Single Family Home List Price (6 mo): $349,500 ($345k,$343k,$340k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$354,150 ($350k,$350k,$350k,$349k)*$305k Average Days on Market Single Family Home: 38 (40, 38, 28, 29) *66 Condo Stats Active Condos: 123 (133, 151, 162, 162) *195 Average Condo Listing Price: $299,323 ($390k, $302k, $341k, $310k) *$240k Average Condo Selling Price: $294,311 ($385k, $302k, $332k, $311k) *$234k Condo Sale to List Ratio This Week: 98% (99%, 99%, 97%, 100%) 98% Median Condo List Price (6 mo): $269,900 ($270k, $269k, $270k, $262k) *$249k Median Condo Sold Price (6 mo): $270,000 ($270k, $270k, $270k, $267k) *$239k Average Days on Market Condos: 71 (24, 56, 60, 31)*57 Active Vacant Lots: 547 (550, 560, 535, 548) *880 Market Rant Reductions in all tracked products again this week, as the inventory hits new lows. Just when you thought the year would have a sleepy end, we have a first on the blog this week, parity between new listings and the amount of listings that sold, causing the sales to list ratio to report at 100%. Pretty crazy stuff, but it's 2020, so anything goes this year! Another incredible statistic group are the values. Last year at this time the market was reporting a 6 month median range of listing of $310k list and selling around the $305k mark. In the short time from then until now, and I dare say most of that gain has been since March of this year, we are now reporting a list of $350k and selling at $355k for the median single family home. Rewind to this week of 2018, those values are $285k and selling at $280k. Needless to say, if you purchased your property prior to 2020, you will do well when you list in the current market. Speaking of values, the weekly values didn't fair as well as the median prices did, taking a decent reduction this week as we power to the end of November. So it seems that 2020 has lots of gas left in the tank, or perhaps a few more tricks up the sleeve, in either case it has been a year for the books so far, so now to see if the ending will be fireworks or the slow fizzle that annual trend dictates. Stay tuned to the blog to find out! Thanks for stopping by, and stay safe out there! The Weekly Adogtable! Meet Millie! Millie needs to be properly exercised and mentally stimulated, while also teaching her how to behave. She is a busy adolescent that can be extremely loving and kind, but is mouthy, jumps up, humps, and steals things she shouldn't (she loves to play keep away). Millie pulls on leash but stays close and recalls well off-leash. Millie has separation anxiety and destroys crates in a panicked attempt to escape. Luckily Millie can be left home in a clean, doggy-proof area without causing damage to the furniture. Millie has not been socialized with dogs or cats and seems afraid of any dogs she sees on walks. She is also afraid/reactive to strangers, cars (both inside and when they drive by her), as well as to reflections and loud noises. Due to how many fears she has, we recommend no children for her. Millie has prey drive with small critters. Enrollment in general obedience training is mandatory. This "cuddly companion" is available through SPCA Nova Scotia, 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: 261 (312, 313, 363, 260) *221 Sold: 198 (242, 225, 208, 209) *174 Sale To Listing Ratio: 76% (78%, 72%, 57%, 80%) *79% Price Changes: 105 (74, 86, 71, 85) *96 Listings that went conditional/pending: 228 (246, 283, 239, 277) *188 Expired/Cancelled/Withdrawn: 100 (44, 59, 48, 107) *199 Total Active Halifax/Dartmouth Inventory: 1,573 (1,649, 1,632, 1,705, 1,656) +2,722 Absorption Rate in weeks: 7 (7, 7, 8, 7) *17 Single Family Home Stats Active Single Family Home: 739 (783, 798, 835, 806) *1,444 Average Single Family Home List Price: $424,450 ($387k,$427k,$380k,$398k) *$347k Average Single Family Home Selling Price: $430,530 ($391k,$430k,$390k,$404k) *$340k Single Family Home Sale to List Ratio This Week: 101% (101%,101%,103%,101%) *98% Median Single Family Home List Price (6 mo): $344,650 ($343k,$340k,$340k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$350,000 ($350k,$350k,$349k,$349k)*$305k Average Days on Market Single Family Home: 40 (38, 28, 29, 42) *66 Condo Stats Active Condos: 133 (151, 162, 162, 147) *190 Average Condo Listing Price: $390,000 ($302k, $341k, $310k, $315k) *$225k Average Condo Selling Price: $385,178 ($302k, $332k, $311k, $314k) *$224k Condo Sale to List Ratio This Week: 99% (99%, 97%, 100%, 99%) 99% Median Condo List Price (6 mo): $269,900 ($269k, $270k, $262k, $250k) *$250k Median Condo Sold Price (6 mo): $270,000 ($270k, $270k, $267k, $264k) *$240k Average Days on Market Condos: 24 (56, 60, 31, 71)*46 Active Vacant Lots: 550 (560, 535, 548, 546) *868 Market Rant Dropping like flies! Inventory took a hit this week as we enter the November market, with all tracked products feeling the sting of reduction. Activity seemed to be a bit down this week as well, with fewer listings coming to market, and fewer sales. Even buyer activity reported a touch lower than normal, so the question to pose may be if we are starting to see annual trend finally start to take hold or is the market showing signs of slowing? Lots of price changes this week, and where some may have increased (new construction) I would venture a guess that the majority of these are listings that survived the golden weekend (see last weeks post) that found themselves on the other side of it, perhaps overpriced. Sure signs that we may be reaching a ceiling here in HRM. Several listings also retreated from the market this week, which tends to fall in line with annual trend also, as the focus starts to shift towards Christmas, and the lowest activity month of the market year (December). Still, we have seen this type of activity lately, and just when you think things are starting to slow down, they ramp right back up again. This market is anything but predicable at the moment, so make sure to stay on top of it by tuning into the blog on the regular. Thanks for stopping by, and stay safe out there! The Weekly Adogtable! Diesel is a ~7 year old male neutered lab/amstaff mix. (~30 kg) He would prefer a home with children 16 years old and older. He requires to be the only animal in the home. Look at that goofy smile and you can already tell Diesel is a lovable goof. Diesel is looking for a home where he can spend some time outside going for a nice walk to explore the great outdoors. He does enjoy his time inside as well and is quick to lay down and suckle on a blanket. He is very food motivated and will do just about anything for a treat. It wouldn't be a bad thing if he shed a few more pounds. He has lost a few over his time spent with us and he feels great slimming down a bit. Come meet this handsome boy today! This "cuddly companion" is available through SPCA Nova Scotia, 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: 312 (313, 363, 260, 295) *195 Sold: 242 (225, 208, 209, 238) *153 Sale To Listing Ratio: 78% (72%, 57%, 80%, 81%) *79% Price Changes: 74 (86, 71, 85, 117) *142 Listings that went conditional/pending: 256 (283, 239, 277, 228) *183 Expired/Cancelled/Withdrawn: 44 (59, 48, 107, 92) *83 Total Active Halifax/Dartmouth Inventory: 1,649 (1,632, 1,705, 1,656, 1,683) +2,788 Absorption Rate in weeks: 7 (7, 8, 7, 7) *18 Single Family Home Stats Active Single Family Home: 783 (798, 835, 806, 807) *1,484 Average Single Family Home List Price: $386,533 ($427k,$380k,$398k,$387k) *$352k Average Single Family Home Selling Price: $390,768 ($430k,$390k,$404k,$396k) *$344k Single Family Home Sale to List Ratio This Week: 101% (101%,103%,101%,102%) *98% Median Single Family Home List Price (6 mo): $342,900 ($340k,$340k,$340k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$350,000 ($350k,$349k,$349k,$346k)*$305k Average Days on Market Single Family Home: 38 (28, 29, 42, 29) *58 Condo Stats Active Condos: 151 (162, 162, 147, 159) *184 Average Condo Listing Price: $302,450 ($341k, $310k, $315k, $283k) *$266k Average Condo Selling Price: $301,950 ($332k, $311k, $314k, $284k) *$260k Condo Sale to List Ratio This Week: 99% (97%, 100%, 99%, 101%) 98% Median Condo List Price (6 mo): $269,000 ($270k, $262k, $250k, $260k) *$250k Median Condo Sold Price (6 mo): $270,000 ($270k, $267k, $264k, $260k) *$240k Average Days on Market Condos: 56 (60, 31, 71, 13)*67 Active Vacant Lots: 560 (535, 548, 546, 562) *897 Market Rant A new dilemma has emerged in our market, and it involves the way properties are being held to offer for a few days. I have mentioned in a previous post regarding what I have dubbed ":the golden weekend", which is a strategy to list a home on say Thursday, hold showings from Friday-Sunday, then present any offers on Monday (variations are present here as well, but you get the idea). Because the way the market has changed in the last couple of weeks, there are a few more options for buyers it seems. Lets say a group of 20 buyers looking in the $280-$330k in and around HRM spot a new listing, then another, then another, all holding offers until Sunday, well, because the option is not available to offer on multiple properties (in case they all accept their offer by the buyer), that buyer group will now have to select the property they liked the most in hopes of getting it. It's sort of an "all eggs in one basket" sort of thing, with the only real positive being the hope that the group of 20 has been divided between the properties, increasing the chance of winning the bid. Another action emerging from this market is when a seller decides that they have received the offer they are looking for prior to the presentation day and accept said offer before the deadline, casting out other showings and potential offers before they are given an opportunity to see or offer on the property. Of course, this action gives way to significant disappointment to would be buyers, and it stings that much more because of how complex things are for them at the moment. Either way you slice it, this new market has issued the order of adaptation in quick fashion. 2020's market year has been a whirlwind, and it seems there is still lots left in the tank. Make sure to stop by and stay on top of things by tuning into the blog, and don't hesitate to reach out should you have a question about our market. Thanks for stopping by and stay safe out there! The Weekly Adogtable! Rebel is a ~10 year old male neutered amstaff mix. (~25 kg) He would prefer a home with children 16 years and older. Rebel needs to be the only dog in the home. Rebel is not available for apartments or condos. Rebel is a very sweet older gentleman who is looking for a quiet place he can call home. He came to us as his owner was no longer able to care for him unfortunately. Rebel has won our hearts over with his sweet calm disposition. His favorite pastime is to lounge outside and soak in all that sunshine and fresh air. He is normally very reserved and takes his time through life stopping to smell the roses along the way. However, when you bring some of his favorite toys in the mix, Rebel shows his inner puppy! You can see his eyes light up with excitement as he grabs his toy and runs around like a little puppy. Why not put in an application to meet this distinguished boy today! Rebel is available for adoption from the Dartmouth SPCA. Please use the following link and follow the steps to submit an application and request an appointment: novascotiaspca.ca/adoptionprocess This "cuddly companion" is available through SPCA Nova Scotia, 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: 313 (363, 260, 295, 343) *212 Sold: 225 (208, 209, 238, 226) *142 Sale To Listing Ratio: 72% (57%, 80%, 81%, 66%) *67% Price Changes: 86 (71, 85, 117, 114) *137 Listings that went conditional/pending: 283 (239, 277, 228, 289) *185 Expired/Cancelled/Withdrawn: 59 (48, 107, 92, 58) *94 Total Active Halifax/Dartmouth Inventory: 1,632 (1,705, 1,656, 1,683, 1,721) +2,934 Absorption Rate in weeks: 7 (8, 7, 7, 7) *18 Single Family Home Stats Active Single Family Home: 798 (835, 806, 807, 827) *1,609 Average Single Family Home List Price: $426,901 ($380k,$398k,$387k,$413k) *$317k Average Single Family Home Selling Price: $430,902 ($390k,$404k,$396k,$415k) *$314k Single Family Home Sale to List Ratio This Week: 101% (103%,101%,102%,101%) *99% Median Single Family Home List Price (6 mo): $339,900 ($340k,$340k,$340k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$350,000 ($349k,$349k,$346,$345k)*$304k Average Days on Market Single Family Home: 28 (29, 42, 29, 34) *58 Condo Stats Active Condos: 162 (162, 147, 159, 162) *199 Average Condo Listing Price: $341,170 ($310k, $315k, $283k, $286) *$228k Average Condo Selling Price: $331,695 ($311k, $314k, $284k, $298k) *$226k Condo Sale to List Ratio This Week: 97% (100%, 99%, 101%, 104%) 99% Median Condo List Price (6 mo): $269,000 ($262k, $250k, $260k, $260k) *$250k Median Condo Sold Price (6 mo): $269,000 ($267k, $264k, $260k, $260k) *$240k Average Days on Market Condos: 60 (31, 71, 13, 8)*61 Active Vacant Lots: 535 (548, 546, 562, 567) *891 Market Rant Well, that was short lived. One week of turnaround activity seems to have us on back our heels, and right back in the grip of the sellers market. Last weeks numbers reported in an oddly optimistic way, one that showed signs that the sellers market had perhaps started to loosen its grip on our city, reporting higher listing numbers and reduced buyer activity, but it was a passing phase. Now, the good news is that we did report an over average amount of new listings for the second week in a row, good right? Unfortunately, those listings were met with surging buyer demand, basically nullifying any hope for an increase in the overall inventory levels. It was a decent drop overall too, with all tracked products feeling the draw. Single family homes had a good week, and I do believe this weeks values have smashed the previous standing with a stellar report of $425k/430k (list/sell). Even at the $400k mark, it would appear there is bidding wars as well, since the average selling prices this week are over the listed prices, so it's safe to say most all products are steeped in the current market. Despite the average price report, the condo 6 month median has finally caught up to the market and reported on list/sell parity, so it's only a matter of time until that exceeds the list price as well. It would seem that we are back to business as 2020 normal this week, but the way things are going anything can happen. Be sure to stay on top of things by checking into the blog, stay safe out there, and thanks for stopping by! The Weekly Adogtable! Rebel is a ~10 year old male neutered amstaff mix. (~25 kg) He would prefer a home with children 16 years and older. Rebel needs to be the only dog in the home. Rebel is not available for apartments or condos. Rebel is a very sweet older gentleman who is looking for a quiet place he can call home. He came to us as his owner was no longer able to care for him unfortunately. Rebel has won our hearts over with his sweet calm disposition. His favorite pastime is to lounge outside and soak in all that sunshine and fresh air. He is normally very reserved and takes his time through life stopping to smell the roses along the way. However, when you bring some of his favorite toys in the mix, Rebel shows his inner puppy! You can see his eyes light up with excitement as he grabs his toy and runs around like a little puppy. Why not put in an application to meet this distinguished boy today! Rebel is available for adoption from the Dartmouth SPCA. Please use the following link and follow the steps to submit an application and request an appointment: novascotiaspca.ca/adoptionprocess This "cuddly companion" is available through SPCA Nova Scotia, 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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