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Halifax (HRM) Residential Statistic Update for the Week of May 16th - May 23rd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 377 (351, 401, 378, 329) *336 Sold: 227 (203, 209, 197, 206) *195 Sale To Listing Ratio: 60% (58%, 52%, 52%, 63%) *58% Price Changes: 145 (181, 177, 171, 139) *165 Listings that went conditional/pending: 266 (232, 261, 273, 186) *195 Expired/Cancelled: 61 (56, 62, 121, 69) *90 Total Active Halifax/Dartmouth Inventory: 3,410 (3,375, 3,300, 3,268, 3,312) +4,229 Absorption Rate in weeks: 16 (17, 16, 16, 18) *23 Single Family Home Stats Active Single Family Home: 1,904 (1,897, 1,878, 1,828, 1,860) *2,480 Average Single Family Home List Price: $348,169 ($367k,$350k,$356k,$336k) *$322k Average Single Family Home Selling Price: $341,770 ($359k,$344k,$348k,$329k) *$313k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $299,900 ($299k, $299k,$295k,$290k)*$285k Median Single Family Home Sold Price (6 mo):$295,000 ($292k,$290k,$287k,$283k)*$280k Average Days on Market Single Family Home: 52 (44, 59, 53, 65) *50 Condo Stats Active Condos: 267 (260, 261, 258, 257) *408 Average Condo Listing Price: $249,999 ($317k, $276k, $274k, $243k) *$285k Average Condo Selling Price: $245,772 ($311k, $272k, $266k, $236k) *$279k Condo Sale to List Ratio This Week: 98% (98%, 98%, 97%, 97%) 98% Median Condo List Price (6 mo): $246,250 ($248, $245k, $248k, $246k) *$236k Median Condo Sold Price (6 mo): $239,900 ($241k, $239k, $241k, $241k) *$225k Average Days on Market Condos: 37 (43, 46, 60, 65) *88 Active Vacant Lots: 955 (943, 934, 931, 936) *983 Market Rant Looks like we are finally in the full swing of the Spring market, to include increasing inventory! (finally). I actually had this conversation with a colleague of mine today, regarding the Halifax real estate market, and we discussed the overall picture and what led us to this point. If you have been following my blog, you will know that each step of this market conversion has been tracked and discussed on a weekly basis since the beginning. I have also weighed in on factors surrounding the current state of affairs on several posts, but have never quite been able to pinpoint the source of this change. We do know a few things. 1. Irving did spark a need for housing from the contracts granted by the federal government, it just took some time to have a real impact. 2. Sellers seemed reluctant to come to market. This was understandable given the fallout from the initial ship building announcement, where most sellers around that time were met with a soft market that carried on for several years afterwards. Due to the lack of supply, eventually, that would be one of the key factors in the market change. 3. Surge of buyers. Wether it was caused by a lack of choice, or maybe standards that had been held too high, at some point, the buyers market had tuned over to a balanced, then sellers market in many areas in a very short time. The question of where these buyers have come from and where the sellers have gone are key questions. Of course, Halifax is an awesome place to live, and it's also one of the more affordable places to buy property, especially if you compare our ocean frontage prices with the east coast. Of course there are several more factors that have brought us here, and one of the more important questions to consider is when things will change. Make sure to stay tuned to find out, and thanks for stopping by! The Weekly Adogtable! Meet Nala! This stunning young lady is hoping that you will choose her for a walk so she can show you what a sweetheart she is. She can be a little bouncy when meeting new people as she is just too happy. She loves her squeaky toys and is hoping you will be the one to play with her always. This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Halifax (HRM) Residential Statistic Update for the Week of May 9th - May 16th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 351 (401, 378, 329, 359) *420 Sold: 203 (209, 197, 206, 232) *202 Sale To Listing Ratio: 58% (52%, 52%, 63%, 64%) *48% Price Changes: 181 (177, 171, 139, 135) *215 Listings that went conditional/pending: 232 (261, 273, 186, 250) *237 Expired/Cancelled: 56 (62, 121, 69, 73, 54) *69 Total Active Halifax/Dartmouth Inventory: 3,375 (3,300, 3,268, 3,312, 3,233) +4,193 Absorption Rate in weeks: 17 (16, 16, 18, 18) *23 Single Family Home Stats Active Single Family Home: 1,897 (1,878, 1,828, 1,860, 1,798) *2,426 Average Single Family Home List Price: $366,851 ($350k,$356k,$336k,$323k) *$356k Average Single Family Home Selling Price: $358,937 ($344k,$348k,$329k,$315k) *$341k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $299,100 ($299k,$295k,$290k,$290k)*$285k Median Single Family Home Sold Price (6 mo):$291,500 ($290k,$287k,$283k,$284k)*$280k Average Days on Market Single Family Home: 44 (59, 53, 65, 60) *62 Condo Stats Active Condos: 260 (261, 258, 257, 252) *410 Average Condo Listing Price: $316,466 ($276k, $274k, $243k, $251k) *$254k Average Condo Selling Price: $311,127 ($272k, $266k, $236k, $241k) *$247k Condo Sale to List Ratio This Week: 98% (98%, 97%, 97%, 96%) 97% Median Condo List Price (6 mo): $248,250 ($245k, $248k, $246k, $250k) *$236k Median Condo Sold Price (6 mo): $241,000 ($239k, $241k, $241k, $245k) *$225k Average Days on Market Condos: 43 (46, 60, 65, 69) *95 Active Vacant Lots: 943 (934, 931, 936, 926) *1,000 Market Rant Unless you've been hiding under a rock, or perhaps just entering the real estate market here in Halifax, there should be no surprise to start out with another "hot market in Halifax" alert. This week keeps the train rolling with yet another showing of solid sales numbers, and marginal inventory gain. Buyer activity wained slightly this week, but seemed to catch momentum as the week progressed to cap the week with a decent result. Still quite a number of price changes that occurred this week, which means not everything is flying off the shelf or enjoying the frenzied activity some communities and price points are. Listings coming off the market in the expired/cancelled fashion are still slightly down this week as well, but that doesn't really surprise me given the market conditions. Despite these constantly positive week to week sales reports, the absorption rate actually climbed a week, which caught me a bit off guard. Still, it is reporting that much lower than last year, and I have a suspicion that the rate will likely drop a few more weeks before making its climb back to the seasonal trend. Right in the thick of it now, so make sure you stay tuned to keep a track on the highs and lows of our real estate market here in Halifax. Thanks for stopping by! The Weekly Adogtable! Meet Audrey! This beautiful bluenose-pitty mix is looking for a new family to play fetch with. Audrey is a very bubbly girl and loves to meet new people - you can spot her bum wiggling from a mile away! She looks forward to hanging out on the couch, receiving belly rubs and sneaking in all the kisses she can get (if you let her). Audrey is on a weight loss diet and requires a family that is committed to helping her shed a few pounds. Her ideal home would be one of the following: -Free of other animals (she is very anxious around cats and other dogs; will politely say hello, but can be dominate) -Active, yet laid back when the time is right -No children please as she can be quite pushy and grabby with her toys If you'd like to meet Audrey, come on by during adoption hours; 12-4pm daily. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Halifax (HRM) Residential Statistic Update for the Week of May 2nd - May 9th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 401 (378, 329, 359, 363) *379 Sold: 209 (197, 206, 232, 168) *186 Sale To Listing Ratio: 52% (52%, 63%, 64%, 46%) *49% Price Changes: 177 (171, 139, 135, 141) *204 Listings that went conditional/pending: 261 (273, 186, 250, 246) *191 Expired/Cancelled: 62 (121, 69, 73, 54, 161) *82 Total Active Halifax/Dartmouth Inventory: 3,300 (3,268, 3,312, 3,233, 3,221) +4,088 Absorption Rate in weeks: 16 (16, 18, 18, 21) *23 Single Family Home Stats Active Single Family Home: 1,878 (1,828, 1,860, 1,798, 1,802) *2,364 Average Single Family Home List Price: $350,285 ($356k,$336k,$323k,$328k) *$348k Average Single Family Home Selling Price: $344,003 ($348k,$329k,$315k,$337k) *$341k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 103%) *98% Median Single Family Home List Price (6 mo): $298,450 ($295k,$290k,$290k)*$286k Median Single Family Home Sold Price (6 mo):$289,900 ($287k,$283k,$284k)*$280k Average Days on Market Single Family Home: 59 (53, 65, 60, 54) *59 Condo Stats Active Condos: 261 (258, 257, 252, 251) *383 Average Condo Listing Price: $276,255 ($274k, $243k, $251k, $319k) *$265k Average Condo Selling Price: $271,559 ($266k, $236k, $241k, $323k) *$255k Condo Sale to List Ratio This Week: 98% (97%, 97%, 96%, 101%) 97% Median Condo List Price (6 mo): $244,900 ($248k, $246k, $250k, $248k) *$235k Median Condo Sold Price (6 mo): $239,000 ($241k, $241k, $245k, $241k) *$225k Average Days on Market Condos: 46 (60, 65, 69, 76) *41 Active Vacant Lots: 934 (931, 936, 926, 927) *993 Market Rant And we're back on track...again! Inventory took a small step this week in the northern direction, which should come as a bit of relief to buyers currently on the market. Although listings seem to be trickling to market this week, they are also coming to market and being met with a surplus of buyers that have been looking for the right fit. We crested the 400 market for new additions this week as well, which is the single highest inventory addition of the year so far. It almost seems as quickly as they go up they are coming back down, and that could be simplified by the sales to list ratio: For the fourth consecutive week we have seen the ratio report over 50%, so at the current rate, out of two houses that come to market, 1 sells. Pretty good environment really, especially considering that if you rewind to the years prior to 2016 you could likely count on one hand how many times it bumped over 50% all year. Sure, that may be a bit over the top, but it's nice to report on a healthy market! Values remain strong this week, and a bit of an anomaly this week; single family homes average sales (using six months) price increased again this week over 3% for the second consecutive week. Why that is weird is because of how quickly and by the amount of change that has happened in two short weeks to affect a six month average stat. Nothing is out of bounds though, and these are the growing pains we are starting to see come out if the current market environment. Stay tuned to the blog to keep up, and thanks for stopping by! The Weekly Adogtable! Meet Fleur! This little flower is looking for the perfect home to help her bloom! She's timid when meeting new people and requires someone experienced and patient to help her show her true colours. She would benefit from a quiet home with not many new people coming and going. A little bit of sun every day is required. She has a lot of energy and would love to go for long walks or play with you outside. Plenty of undestructible toys are a necessity for her! Fleur's ideal home: - Without children - With or without cats - Quiet home preferred - Registration in obedience classes is required upon adoption This "cuddly companion" is available through the Marleys Hope, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Halifax (HRM) Residential Statistic Update for the Week of April 25th - May 2nd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 378 (329, 359, 363, 408) *376 Sold: 197 (206, 232, 168, 147) *169 Sale To Listing Ratio: 52% (63%, 64%, 46%, 36%) *45% Price Changes: 171 (139, 135, 141, 143) *204 Listings that went conditional/pending: 273 (186, 250, 246, 214) *189 Expired/Cancelled: 121 (69, 73, 54, 161, 67) *87 Total Active Halifax/Dartmouth Inventory: 3,268 (3,312, 3,233, 3,221, 3,204) +3,989 Absorption Rate in weeks: 16 (18, 18, 21, 22) *23 Single Family Home Stats Active Single Family Home: 1,828 (1,860, 1,798, 1,802, 1,780) *2,309 Average Single Family Home List Price: $355,938 ($336k,$323k,$328k,$366k) *$340k Average Single Family Home Selling Price: $347,606 ($329k,$315k,$337k,$356k) *$330k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 103%, 97%) *97% Median Single Family Home List Price (6 mo): $294,900 ($290k,$290k,$290k)*$285k Median Single Family Home Sold Price (6 mo):$287,000 ($283k,$284k,$285k)*$278k Average Days on Market Single Family Home: 53 (65, 60, 54, 71) *64 Condo Stats Active Condos: 258 (257, 252, 251, 248) *379 Average Condo Listing Price: $274,239 ($243k, $251k, $319k, $314k) *$225k Average Condo Selling Price: $266,200 ($236k, $241k, $323k, $304k) *$217k Condo Sale to List Ratio This Week: 97% (97%, 96%, 101%, 97%) 96% Median Condo List Price (6 mo): $247,500 ($246k, $250k, $248k, $248k) *$235k Median Condo Sold Price (6 mo): $241,000 ($241k, $245k, $241k, $241k) *$225k Average Days on Market Condos: 60 (65, 69, 76, 60) *54 Active Vacant Lots: 931 (936, 926, 927, 923) *966 Market Rant And just like that, we are back to reducing inventory levels...again. After a a few slow trickle weeks of products causing a slight increase in the inventory, this weeks activity slipped the overall count back under the 3,300 mark. There is the end/beginning of the month listing churn factor, but the slight addition of this weeks products didn't seem to stand a chance against the factors clipping the inventory from the market this week. Sales reported decently, but the amount of properties that changed to conditional was the star of the show this week. No doubt, that was one of the largest contributing components of the reduction, amongst others, and without hitting the peak of the Spring market I can only wonder where we go from here. It almost felt like there was a calm over the market in the last couple of weeks, but just like that it ramped back up again, double time! Values across the board reported higher than average, and the surge of buyers has caused another reduction of 2 weeks from the absorption rate, so things are rapidly changing. I talked about how the market landscape was a challenge for buyers, and that was months ago. It has changed that much more at this point, which I cannot say it's any better for buyers, in fact, it's even more challenging. The peak is on its way, so stay tuned to the blog to keep tabs on the ever changing landscape of the market here in Halifax. Thanks for stopping by! The Weekly Adogtable! Kirby is a sweet love bug looking for a furver home He was roaming and may have been used in the past as a guard dog. He likes to barks to warn you when someone is near but has been friendly with everybody that he's met. Kirby is is searching for love all the time and wants to be close to you. He enjoys showing off his tricks sit, lie down, paw x2 and speak, spin and is eager to learn more. He also loves catching treats and is fantastic at catching just about anything thrown his way, or any flies that come too close. His other favorite pastime is to join you in the car for a drive. He loves it! He would be wonderful for someone who loves to hike or walk as he walks nicely on leash with a halti or gentle leader. He also loves to play fetch and will bring it back every time and drop it without you having to ask. Another favourite game is playing ball with his paws, like soccer. He also doesn't mind getting a bath and has been to the spa (Pet Valu) to get all nice for his future family. Kirby would like to be the only pet in the home and live with children 12+. If you think you'd be a good fit for this fella, apply today at www.marleyshope.com. This "cuddly companion" is available through the Marleys Hope, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Once in awhile there is a property that comes to market that exceeds expectation and forgo’s the need for compromise, 476 Viscount Run is that property. Situated on a expansive lot in desirable Kingswood North, this smartly designed executive split entry home, with features and style that are sure to impress, is waiting for you. The upper level hosts a huge open concept style kitchen/dining/living area, the spacious master bedroom complete with en-suite bath, two additional generously sized bedrooms and the main bath. The lower level hosts a big and bright recreation room accented by a cozy propane fireplace, additional bedroom, laundry, and convenient bathroom. All accented by the finishes you would expect in a home of this caliber, and the heart of the home boasts heating and cooling from the efficient ducted heat-pump. Need room for all the toys? In addition to the double attached garage, there is a fully finished, heated and cooled, double detached and wired garage...plus two sizeable sheds! The grounds are stunning and meticulously cared for, and with the sizeable back deck and fully fenced-in above ground pool you are sure to be the envy of all the neighbours. Recreation close by, a sought after school district, short commute to the city and all amenities make the property location ideal, all the bonuses of the property make this “the one”. Don’t wait, contact today to get your personal tour. 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 Halifax (HRM) Residential Statistic Update for the Week of April 18th-25th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 329 (359, 363, 408, 291) *350 Sold: 206 (232, 168, 147, 155) *185 Sale To Listing Ratio: 63% (64%, 46%, 36%, 53%) *53% Price Changes: 139 (135, 141, 143, 105) *202 Listings that went conditional/pending: 186 (250, 246, 214, 190) *246 Expired/Cancelled: 69 (73, 54, 161, 67, 75) *87 Total Active Halifax/Dartmouth Inventory: 3,312 (3,233, 3,221, 3,204, 3,181) +4,034 Absorption Rate in weeks: 18 (18, 21, 22, 23) *25 Single Family Home Stats Active Single Family Home: 1,860 (1,798, 1,802, 1,780, 1,720) *2,311 Average Single Family Home List Price: $335,469 ($323k,$328k,$366k,$381k) *$366k Average Single Family Home Selling Price: $329,415 ($315k,$337k,$356k,$370k) *$356k Single Family Home Sale to List Ratio This Week: 98% (98%, 103%, 97%,98%) *97% Median Single Family Home List Price (6 mo): $289,949 ($290k,$290k,$290k)*$283k Median Single Family Home Sold Price (6 mo):$283,112 ($284k,$285k,$284k)*$276k Average Days on Market Single Family Home: 65 (60, 54, 71, 62) *71 Condo Stats Active Condos: 257 (252, 251, 248, 255) *384 Average Condo Listing Price: $242,610 ($251k, $319k, $314k, $252k) *$226k Average Condo Selling Price: $236,409 ($241k, $323k, $304k, $246k) *$226k Condo Sale to List Ratio This Week: 97% (96%, 101%, 97%, 97%) 97% Median Condo List Price (6 mo): $246,250 ($250k, $248k, $248k, $240k) *$237k Median Condo Sold Price (6 mo): $241,000 ($245k, $241k, $241k, $232k) *$227k Average Days on Market Condos: 65 (69, 76, 60, 82) *59 Active Vacant Lots: 936 (926, 927, 923, 948) *988 Market Rant Now that's a bit more like it! There was a pretty decent addition to the overall inventory this week, and the gap is starting to close between this year and last, but I'm still wondering how it got there. New listings were somewhat average for this time of year, and so too were sales. Buyers activity cooled off a bit this week, which reported below the 200 mark for the first time in almost a week, but nothing was too far out of whack to cause major fluctuations. With this small inventory gain, the absorption rate remained on par, which is probably a good thing given the highly competitive sellers market that we find ourselves in. Still seeing hot areas in multiple offer situations and essentially vaporizing from the market, which has caused a build-up of would be buyers, leaving them frustrated and wondering when things will cool off. Average values are holding strong across the board, and there is the average annual gain ongoing, but if this market keeps up, we should see a higher than average annual gain this year due to the overages being paid during these multiple offer situations. In the peak of the market and things are not slowing down anytime soon it would appear, so make sure to stop by to stay on top of the market and get informed. Thanks for stopping by! The Weekly Adogtable! Roxy is a beautiful and kind soul. She is about 2-3 years old and looking for a home of her own. She loves spending a lot of time in a comfy rocking recliner looking out the window soaking up the sun. She was amazingly patient with her babies, and now looking for a home to show her love and dedication to her humans. She loves cuddles, and flops over pretty fast for belly rubs the minute she is shown attention. She is a playful girl, and her favorite toy is a bone. It will keep her occupied for ages. She has been known not to love being along and so will need a family who is around more will be better for her. She knows "give paw" "down" and "around" only in the counterclockwise direction. For some reason as hard as she tries she cannot complete a clockwise turn. On walks she doesn't like to get her feet wet or muddy and will only go out in the rain if you go with her. She figures if she's getting wet, so are you 😊 Roxy likes to bark to warn you that people are coming. She used to bark at everything she saw but she is gaining confidence and now barks far less. This is something the adopter will have to keep working on. She is excellent on leash, and even an excellent running partner. She needs to be exercised daily or she gets excitable. A family that can meet her exercise needs is essential, a large fenced in yard where she can run around freely will be a bonus for her as she is not a fan of other dogs. Kids 16+ for Roxy, This "cuddly companion" is available through the Marleys Hope, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Halifax (HRM) Residential Statistic Update for the Week of April 11th-18th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 359 (363, 408, 291, 260) *378 Sold: 232 (168, 147, 155, 139) *121 Sale To Listing Ratio: 64% (46%, 36%, 53%, 55%) *32% Price Changes: 135 (141, 143, 105, 69) *143 Listings that went conditional/pending: 250 (246, 214, 190, 161) *163 Expired/Cancelled: 73 (54, 161, 67, 75, 61) *179 Total Active Halifax/Dartmouth Inventory: 3,233 (3,221, 3,204, 3,181, 3,147) +3,904 Absorption Rate in weeks: 18 (21, 22, 23, 24) *32 Single Family Home Stats Active Single Family Home: 1,798 (1,802, 1,780, 1,720, 1,688) *2,211 Average Single Family Home List Price: $322,508 ($328k,$366k,$381k,$365k) *$342k Average Single Family Home Selling Price: $315,547 ($337k,$356k,$370k,$258k) *$333k Single Family Home Sale to List Ratio This Week: 98% (103%, 97%,98%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$290k)*$280k Median Single Family Home Sold Price (6 mo):$283,650 ($285k,$284k,$280k)*$272k Average Days on Market Single Family Home: 60 (54, 71, 62, 68) *82 Condo Stats Active Condos: 252 (251, 248, 255, 254) *370 Average Condo Listing Price: $250,781 ($319k, $314k, $252k, $237k) *$290k Average Condo Selling Price: $241,631 ($323k, $304k, $246k, $228k) *$281k Condo Sale to List Ratio This Week: 96% (101%, 97%, 97%, 96%) 97% Median Condo List Price (6 mo): $249,900 ($248k, $248k, $240k, $239k) *$239k Median Condo Sold Price (6 mo): $245,000 ($241k, $241k, $232k, $230k) *$232k Average Days on Market Condos: 69 (76, 60, 82, 54) *167 Active Vacant Lots: 926 (927, 923, 948, 938) *979 Market Rant Just look at all that inventory.... if only there was font for sarcasm haha. We should be shooting straight up as we ascend the inventory ladder right now, but it seems the market has a different idea. Now, there was a marginal gain this week, but definitely not the increases that we are used to seeing week to week around this time of year. It is also certainly against the grain for single family home numbers to take a slide around this time, but here we are. What we are used to seeing, however, is strong sales. This week was no exception and has the strongest performance of the year so far with a whopping 232 sales, which also crested the April norm as well. Looks like we have more of that on way though, with a solid 250 properties that received and accepted offers this week. All of that, and we aren't even in the peak of the season yet! The incredible thing this week is the absorption rate, which dropped another 3 weeks off the top. Coming close to half of what it was at this time last year, which is an incredible event for the Halifax market. Exciting times indeed! Stay tuned to the blog to stay up to date, and thank for stopping by! The Weekly Adogtable! Sweet Annie is a bit timid at first but it only takes her a minute to warm up and she becomes a silly, playful goofball. When left alone Annie has been known to eat things that upset her belly. To be specific, socks! Annie required surgery to remove a sock she had ingested so her new home would need to be mindful of what they leave lying around. Poor Annie was quite sick but would likely make the same mistake again if given the opportunity. Crate training would be recommended to keep her and your belongings safe. Annie would love to go to a home with children no younger than 12 years of age and no other dogs. This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about 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 Halifax (HRM) Residential Statistic Update for the Week of April 4th-11th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 363 (408, 291, 260, 251) *378 Sold: 168 (147, 155, 139, 146) *121 Sale To Listing Ratio: 46% (36%, 53%, 55%, 58%) *32% Price Changes: 141 (143, 105, 69, 101) *143 Listings that went conditional/pending: 246 (214, 190, 161, 169) *163 Expired/Cancelled: 54 (161, 67, 75, 61) *179 Total Active Halifax/Dartmouth Inventory: 3,221 (3,204, 3,181, 3,147, 3,160) +3,904 Absorption Rate in weeks: 21 (22, 23, 24, 25) *32 Single Family Home Stats Active Single Family Home: 1,802 (1,780, 1,720, 1,688, 1,700) *2,211 Average Single Family Home List Price: $327,564 ($366k,$381k,$365k,$337k) *$342k Average Single Family Home Selling Price: $336,831 ($356k,$370k,$258k,$330k) *$333k Single Family Home Sale to List Ratio This Week: 103% (97%, 97%,98%, 98%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$290k,$289k)*$280k Median Single Family Home Sold Price (6 mo):$284,700 ($284k,$284k,$280k,$280k)*$272k Average Days on Market Single Family Home: 54 (71, 62, 68, 55) *82 Condo Stats Active Condos: 251 (248, 255, 254, 260) *370 Average Condo Listing Price: $319,305 ($314k, $252k, $237k, $295k) *$290k Average Condo Selling Price: $322,483 ($304k, $246k, $228k, $285k) *$281k Condo Sale to List Ratio This Week: 101% (97%, 97%, 96%, 97%) 97% Median Condo List Price (6 mo): $248,250 ($248k, $240k, $239k, $240k) *$239k Median Condo Sold Price (6 mo): $241,000 ($241k, $232k, $230k, $232k) *$232k Average Days on Market Condos: 76 (60, 82, 54, 51) *167 Active Vacant Lots: 918 (923, 948, 938, 939) *979 Market Rant Bit of a strange one this week. Marginal inventory gain overall, but a couple products reduced this week scuffing the overall report. Not a huge dump of inventory to the market this week either, but buyer activity was in full force again with an above average showing of listings that turned from active to pending. Not a ton of expiries or cancelled listings this week either, and how you can blame them? I know that if I was selling in this market I would hold out too! Chances of selling are quite good right now anyways, and pretty much guaranteed in certain areas of the city, so it's no wonder that there wasn't too many listings dropping from the market in that fashion. I'm sure there's a few properties that made this an issue, but there is now statistics reflecting the above asking prices rampant in certain areas. Other factors, like additions to a new construction base price can sway this as well, but this is the first time I have seen the average sales prices flipped. The median value did the same this week (7 days back) at $290k and $294. So yeah, a bit of a mixed bag this week. Looks like it's going to be a Spring to remember! Stay tuned to stay on top of things, and thanks for stopping by! The Weekly Adogtable! Ginger is an ~8 year old spayed female amstaff , bull mastiff mix. She would prefer a home with children 14 years and older. Obedience is optional for her new owner(s). I want you to provide me with lots of love and a new place to call my own and I will spice up yo life! Ginger is a sweet girl who loves to lay at your feet and get belly rubs. She has spent a bit too much time perfecting this trick and now needs to learn a new one that will help her loose some weight. If you would like to help Ginger shed a few pounds, please come take her for a walk! This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 Halifax (HRM) Residential Statistic Update for the Week of March 28th-April 4th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 408 (291, 260, 251, 330) *378 Sold: 147 (155, 139, 146, 126) *121 Sale To Listing Ratio: 36% (53%, 55%, 58%, 38%) *32% Price Changes: 143 (105, 69, 101, 100) *143 Listings that went conditional/pending: 214 (190, 161, 169, 165) *163 Expired/Cancelled: 161 (67, 75, 61, 102) *179 Total Active Halifax/Dartmouth Inventory: 3,204 (3,181, 3,147, 3,160, 3,150) +3,904 Absorption Rate in weeks: 22 (23, 24, 25, 26) *32 Single Family Home Stats Active Single Family Home: 1,780 (1,720, 1,688, 1,700, 1,674) *2,211 Average Single Family Home List Price: $366,000 ($381k,$365k,$337k,$344k) *$342k Average Single Family Home Selling Price: $356,442 ($370k,$258k,$330k,$337k) *$333k Single Family Home Sale to List Ratio This Week: 97% (97%,98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$289k,$290k)*$280k Median Single Family Home Sold Price (6 mo):$284,000 ($284k,$280k,$280k,$280k)*$272k Average Days on Market Single Family Home: 71 (62, 68, 55, 78) *82 Condo Stats Active Condos: 248 (255, 254, 260, 298) *370 Average Condo Listing Price: $313,937 ($252k, $237k, $295k, $226k) *$290k Average Condo Selling Price: $304,359 ($246k, $228k, $285k, $215k) *$281k Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 95%) 97% Median Condo List Price (6 mo): $248,250 ($240k, $239k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $241,000 ($232k, $230k, $232k, $230k) *$232k Average Days on Market Condos: 60 (82, 54, 51, 108) *167 Active Vacant Lots: 923 (948, 938, 939, 932) *979 Market Rant Well alright! Looks like April 1st might not only be April fools day, but the unofficial start to the Spring market inventory launch? Listings flooded to the market this week, and a stampede of for sale signs found their rightful property injecting new blood into the market for weary buyers to welcome. Still, lots of sales, and even more listings that came under contract this week saying that there is still a buyer buldge out there looking for the right property. Multiple offers are still rampant in many areas of HRM, with some listings selling ten's of thousands over listing price. Which makes me wonder if properties being undervalued that badly, or is it that buyers who have lost a few bids are ready to pay a premium to finally get a property to accept their offer? Although eh inventory is on the rise for the second straight week, things are lean around the hot spots, getting snapped up within ours of going live. Definitely a challenging landscape for buyers out there, and possible one for Sellers too as things continue to change at a fevered pace. One seldom seen in Halifax/Dartmouth anyways. Stay tuned to the blog to stay on top of the market and keep informed! Thanks for stopping by! The Weekly Adogtable! Jack has two luxating patellas and is awaiting surgery to repair this. His owners could not afford the surgery so they surrendered him. Jack is an extremely sweet, calm, laid-back boy that just loves everyone. He is calm in his kennel, well socialized with people and animals and is comfortable with all physical manipulations. No resource guarding, takes treats slowly, and is a cuddle-bug extraordinaire! Not a barker even when someone knocks on the door! This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 40 Admiral Cove Drive in Bedford, NSNestled on a sizeable lot in the heart of Bedford sits this exquisitely built custom two-storey home, with striking views and located just off prestigious Shore Drive. Prepare to be wowed when entering the property by the unique floor plan, soaring cathedral ceilings and light flooding in from the plethora of windows, all accented by the fine finishes you would expect to see in the sought after Eaglewood community. The bright and airy foyer welcome’s you in as you start the main floor tour that also includes a spacious living room with elegant formal dining attached, spacious centre-island kitchen accented with cherrywood cabinets, corian countertops and eat-in breakfast nook, sunken family room with walkout to patio that overlooks the basin, office/bed room and convenient bath/laundry. Upstairs you will find the glamorous master bedroom complete with walk-in closets, patio overlooking the basin and luxuriously updated bathroom, along with another full bath and two generously sized bedrooms. The lower level hosts a cozy recreation room, full bath, access to the double attached garage, flex room, and tons of potential for more developed space! Superb location with all of Bedford’s amenities at your door step, parks and recreation close by, sought after schools and and extremely convenient place to access all parts of HRM from. Don’t wait, contact me today to get your personal tour and to make 40 Admiral Cove Drive your next address. More information about this listing can be found 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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