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Halifax (HRM) Residential Statistic Update for the Week of August 15h - 22nd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 286 (273, 270, 302, 322) *294 Sold: 209 (154, 198, 205, 181) *147 Sale To Listing Ratio: 73% (56%, 73%, 68%, 56%) *50% Price Changes: 168 (123, 167, 205, 190) *158 Listings that went conditional/pending: 198 (198, 204, 220, 217) *179 Expired/Cancelled: 89 (128, 134, 94, 100) *142 Total Active Halifax/Dartmouth Inventory: 3,216 (3,257, 3,263, 3,323, 3,357) +4,194 Absorption Rate in weeks: 17 (18, 17, 17, 17) *26 Single Family Home Stats Active Single Family Home: 1,816 (1,852, 1,858, 1,888, 1,903) *2,392 Average Single Family Home List Price: $331,944 ($362k,$338k,$355k, $326k) *$318k Average Single Family Home Selling Price: $323,740 ($354k,$328k,$345k,$317k) *$308k Single Family Home Sale to List Ratio This Week: 98% (98%, 97%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $305,000 ($304k,$300k,$300k,$299k)*$289k Median Single Family Home Sold Price (6 mo):$302,000($300k,$290k,$290k,$290k)*$281k Average Days on Market Single Family Home: 58 (55, 51, 51, 37) *69 Condo Stats Active Condos: 196 (210, 213, 213, 223) *357 Average Condo Listing Price: $286,822 ($249k, $250k, $267k, $243k) *$287k Average Condo Selling Price: $277,616 ($243k, $244k, $260k, $241k) *$282k Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 99.5%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $240,000 ($240k, $241k, $241k, $240k) *$221k Average Days on Market Condos: 60 (50, 38, 38, 31)*118 Active Vacant Lots: 937 (939, 937, 947, 953) *1,084 Market Rant Seems the Summer market has no plans on slowing down anytime soon! After a sleepy few weeks of market activity, things around here have certainly got interesting this month. As previously mentioned, Summer tends to slow down a bit and ignite the beginning of the annual reduction trend. Where we are seeing some of that trend in motion, there are variables that have caused a few raised eyebrows. For instance, sales (again) are significantly higher than last year at this time, and fell back in line with the previous weeks of reporting, and all this with a significantly lower inventory. Buyer activity is still solid as well, with a higher report than last year at this time, and eclipsing the absorption rate stats of last year. Overall, the market is just in a better place than last year, and last year was a good year (for Sellers). There has been a few communities easing up on elusive entry, but the main hub (Peninsular Halifax and select areas of Bedford and Dartmouth) are still quite hot. Not really a surprise, but there seems to be a few more vacation, recreational properties, and anything fronting a body of water as well. I call this the "summertime effect", which is basically the thought that people want to relax on vacation and cool off when sun is shining, for the Summer, or maybe even year round. Hopefully, you are having a nice Summer as well, and I thank you for stopping by! Stay tuned to the blog to keep up with all things real estate, and don't hesitate to reach out if you have a question, or need help buying or selling a property! The Weekly Adogtable!! Sweet Keana was surrendered as her family had no more time for her. She is very gentle and affectionate with those she knows won't hurt her, and is shy around strangers and loud noises, although she adapts quite quickly. Keana is fearful of other dogs as she was attacked in the past. Sweet Keana is not vocal and is great in the house. Her family will need to be sensitive to her delicate nature to help her overcome her insecurities. Keana has never tried to snap or growl at anyone, but gives lots of calming signals when uncertain. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 August 1st - August 8th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 273 (270, 302, 322, 333) *241 Sold: 154 (198, 205, 181, 197) *167 Sale To Listing Ratio: 56% (73%, 68%, 56%, 60%) *69% Price Changes: 123 (167, 205, 190, 161) *165 Listings that went conditional/pending: 198 (204, 220, 217, 242) *130 Expired/Cancelled: 128 (134, 94, 100, 103) *68 Total Active Halifax/Dartmouth Inventory: 3,257 (3,263, 3,323, 3,357, 3,341) +4,213 Absorption Rate in weeks: 18 (17, 17, 17, 16) *25 Single Family Home Stats Active Single Family Home: 1,852 (1,858, 1,888, 1,903, 1,883) *2,420 Average Single Family Home List Price: $362,333 ($338k,$355k, $326k,$321k) *$301k Average Single Family Home Selling Price: $354,106 ($328k,$345k,$317k,$316k) *$292k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 98%, 99%) *97% Median Single Family Home List Price (6 mo): $304,000 ($300k,$300k,$299k,$300k)*$287k Median Single Family Home Sold Price (6 mo):$300,000 ($290k,$290k,$290k,$298k)*$280k Average Days on Market Single Family Home: 55 (51, 51, 37, 51) *66 Condo Stats Active Condos: 210 (213, 213, 223, 225) *377 Average Condo Listing Price: $248,608 ($250k, $267k, $243k, $279k) *$247k Average Condo Selling Price: $242,610 ($244k, $260k, $241k, $271k) *$243k Condo Sale to List Ratio This Week: 98% (97%, 97%, 99.5%, 97%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $239,900 ($241k, $241k, $240k, $221k) *$223k Average Days on Market Condos: 50 (38, 38, 31, 79)*56 Active Vacant Lots: 939 (937, 947, 953, 949) *1,071 Market Rant If there was any question about the current market in Halifax breaking trend and keeping the surge going, have no fear, the stats are following the usual path with slight variations. Sales took a bit of a hit this week, but long weekends tend to adversely affect the numbers, so I don't think that should be a cause for concern. Although the sales were a bit lacking, buyers were still out in full force with a solid 198 accepted offer showing. Some long weekends actually assist with sales since there's that extra day to go through a few more properties. Single family home values hit a precedent this week, and reported over $300k in not only the 6 month median list price, but the 6 month median sold price for the first time since tracking this stat. The 6 month median list price has been hovering around the $300k mark for the last month or so, but has failed to completely break the ceiling, until this week that is. There was a significant jump to both those stats a few months ago, adding an unusual 5k to the top in the span of a couple of weeks. It appears this week has the same result, just with less time. We all knew that the Spring time had a major impact on the market here, now the affects seem to be coming home to roost. It will be interesting to see just how much the market past will influence the market future, and the numbers as we head down the stretch. Make sure to stop by and stay on top of things. Thanks for stopping by! The Weekly Adogtable!! Topaz was surrendered due to food allergies. Topaz has moderate energy, and is house trained! An easy dog in a calm environment, and would be a great candidate as a therapy dog or an emotional support dog. He is OK with calm, respectful female dogs but is reactive to male dogs. Topaz is cat friendly! Unsure about kids, but will try to test to better recommend. 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 tHalifax (HRM) Residential Statistic Update for the Week of July 25th - August 1st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 270 (302, 322, 333, 333) *309 Sold: 198 (205, 181, 197, 208) *176 Sale To Listing Ratio: 73% (68%, 56%, 60%, 63%) *57% Price Changes: 167 (205, 190, 161, 167) *198 Listings that went conditional/pending: 204 (220, 217, 242, 201) *219 Expired/Cancelled: 134 (94, 100, 103, 192) *183 Total Active Halifax/Dartmouth Inventory: 3,263 (3,323, 3,357, 3,341, 3,348) +4,195 Absorption Rate in weeks: 17 (17, 17, 16, 16) *24 Single Family Home Stats Active Single Family Home: 1,858 (1,888, 1,903, 1,883, 1,877) *2,409 Average Single Family Home List Price: $337,756 ($355k, $326k,$321k,$334k) *$315k Average Single Family Home Selling Price: $328,238 ($345k,$317k,$316k,$329k) *$305k Single Family Home Sale to List Ratio This Week: 97% (97%, 98%, 99%, 99%) *97% Median Single Family Home List Price (6 mo): $299,950 ($300k,$299k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$290k,$298k,$299k)*$281k Average Days on Market Single Family Home: 51 (51, 37, 51, 70) *88 Condo Stats Active Condos: 213 (213, 223, 225, 242) *381 Average Condo Listing Price: $249,952 ($267k, $243k, $279k, $308k) *$211k Average Condo Selling Price: $244,310 ($260k, $241k, $271k, $301k) *$208k Condo Sale to List Ratio This Week: 97% (97%, 99.5%, 97%, 98%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $241,000 ($241k, $240k, $221k, $241k) *$223k Average Days on Market Condos: 38 (38, 31, 79, 56)*100 Active Vacant Lots: 937 (947, 953, 949, 947) *1,055 Market Rant Inventory is on the decline! By the time August hits, we are usually in a consistent inventory decline trend, and this year is really no different despite the sizzling market. It was a higher than average reduction this week, but Summer months are notoriously sluggish, so the season is just following the norm. Some of the contributing factors include a streak busting sub 300 new listing addition, slightly lower buyer activity, elevated expired/cancelled listings (higher cancelled listings than normal, which I found interesting), and the overall trend of the season. Although the 6 month value averages had a very small increase, the weekly value rates reported a bit lower than last week as well. Bit of a sleepy time of year, but I suppose it's good to catch your breath at some point. When I say sleepy, the activity is still higher than previous years, by a lot, and just take a look at that a sales to list ratio. So the foots off the gas slightly, but no one seems to be pumping the breaks anytime soon. Thanks for stopping by! The Weekly Adogtable!! Oliver was found as a stray that is initially reserved of strangers. His personality is so incredibly sweet and curious, and his vocal side is enough to make you laugh. He can be destructive (puppy behavior) but not to worry, he is kennel trained. He is playful with toys, and seems OK with dogs, but will test more to be sure. He exhibits typical puppy behavior such as jumping on people and pulling on leash but with a little love and guidance these behaviors are easily curbed. It helps that he is so treat motivated! 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 47 Killarney Crescent, Lawrencetown NSWelcome to the tranquil Keltic Gardens community of Lawrencetown, and this meticulously maintained custom 5 bedroom bungalow style home situated on a sprawling and beautifully landscaped 1.38 acre lot. This turn key property certainly has something for everyone! The main floor hosts an open concept design adorned by gleaming hardwood floors, cathedral ceilings, spacious living room with cozy wood burning stove, elegant formal dining room, bright and airy kitchen/nook combo with walkout to the useful deck, main bath, two large bedrooms, sizeable master bedroom complete with huge walk in closet and ensuite bath. Downstairs you will find a spacious recreation room with walkout access to the backyard, convenient laundry, another full bathroom, tons of storage, a workshop area and two more bedrooms! The grounds of the property are truly something special. Surrounded by your own forest backdrop, there is a perfect blend of landscaping and natural surroundings to give it a real “backyard oasis” feel. Sit and relax on the the deck overlooking the backyard, host a bbq, or simply enjoy the peace and quiet! This house will feel like a home as soon as you walk through the doors, and with the addition of a double garage, and heated by an efficient propane boiler, this property has it all. What are you waiting for? CONTACT me today to book your personal tour! More info can also 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 tHalifax (HRM) Residential Statistic Update for the Week of July 18th - 25th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 302 (322, 333, 333, 357) *341 Sold: 205 (181, 197, 208, 221) *163 Sale To Listing Ratio: 68% (56%, 60%, 63%, 62%) *48% Price Changes: 205 (190, 161, 167, 167) *201 Listings that went conditional/pending: 220 (217, 242, 201, 272) *199 Expired/Cancelled: 94 (100, 103, 192, 66) *90 Total Active Halifax/Dartmouth Inventory: 3,323 (3,357, 3,341, 3,348, 3,387) +4,273 Absorption Rate in weeks: 17 (17, 16, 16, 16) *23 Single Family Home Stats Active Single Family Home: 1,888 (1,903, 1,883, 1,877, 1,907) *2,452 Average Single Family Home List Price: $355,116 ($326k,$321k,$334k,$344k) *$325k Average Single Family Home Selling Price: $345,010 ($317k,$316k,$329k,$337k) *$316k Single Family Home Sale to List Ratio This Week: 97% (98%, 99%, 99%, 98%) *97% Median Single Family Home List Price (6 mo): $299,900 ($299k,$300k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$298k,$299k,$298k)*$280k Average Days on Market Single Family Home: 51 (37, 51, 70, 58) *61 Condo Stats Active Condos: 213 (223, 225, 242, 248) *384 Average Condo Listing Price: $266,845 ($243k, $279k, $308k, $295k) *$227k Average Condo Selling Price: $259,968 ($241k, $271k, $301k, $286k) *$218k Condo Sale to List Ratio This Week: 97% (99.5%, 97%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $240,500 ($240k, $221k, $241k, $240k) *$221k Average Days on Market Condos: 38 (31, 79, 56, 67)*81 Active Vacant Lots: 947 (953, 949, 947, 955) *1,068 Market Rant As fast as they came, they went even faster. The small inventory increase last week created a bit of unease in the market, with some scratching their heads in wonder; what would happen next?. Fear not, it appears last week was a simple anomaly, and one that should be pretty standard from time to time if you are checking in with blog on the regular. This week witnessed a fairly sizeable chunk of inventory reduce in quick fashion, which was felt by all tracked products. Not only did sales report above average this week, the values overall also had a good week, with sales numbers reporting over the last few weeks and increasing in a season that usually sees them slip a bit. Seems to be a bit of a resurgence in the market in the last week or so, which was a big question mark, especially coming off the insanely hot Spring market. This weeks report certainly shows signs of life in the market yet, so it will be interesting to ride the wave to its conclusion. Stay tuned to the blog to keep on top of the market, and don't be afraid to reach out if you are looking for assistance wading through the current market environment. Thanks for stopping by! The Weekly Adogtable!! Buffy is an active and playful girl. She is skeptical of other dogs, but once she knows them she is very playful with them. No cats. She knows her basic commands and is bilingual! She currently pulls on leash likes to jump up but we are working on this and her family will need to take her to a positive reinforcement trainer to set her up for success. Not recommended for kids under 10 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 Halifax (HRM) Residential Statistic Update for the Week of July 11th - 18th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 322 (333, 333, 357, 340) *359 Sold: 181 (197, 208, 221, 205) *164 Sale To Listing Ratio: 56% (60%, 63%, 62%, 60%) *51% Price Changes: 190 (161, 167, 167, 173) *249 Listings that went conditional/pending: 217 (242, 201, 272, 254) *207 Expired/Cancelled: 100 (103, 192, 66, 57) *112 Total Active Halifax/Dartmouth Inventory: 3,357 (3,341, 3,348, 3,387, 3,381) +4,233 Absorption Rate in weeks: 17 (16, 16, 16, 16) *22 Single Family Home Stats Active Single Family Home: 1,903 (1,883, 1,877, 1,907, 1,904) *2,446 Average Single Family Home List Price: $325,513 ($321k,$334k,$344k,$349k) *$332k Average Single Family Home Selling Price: $317,310 ($316k,$329k,$337k,$342k) *$323k Single Family Home Sale to List Ratio This Week: 98% (99%, 99%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $298,800 ($300k,$300k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($298k,$299k,$298k,$296k)*$280k Average Days on Market Single Family Home: 37 (51, 70, 58, 59) *55 Condo Stats Active Condos: 223 (225, 242, 248, 250) *392 Average Condo Listing Price: $242,585 ($279k, $308k, $295k, $287k) *$236k Average Condo Selling Price: $241,440 ($271k, $301k, $286k, $277k) *$226k Condo Sale to List Ratio This Week: 99.5% (97%, 98%, 97%, 97%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$235k Median Condo Sold Price (6 mo): $240,000 ($221k, $241k, $240k, $240k) *$225k Average Days on Market Condos: 31 (79, 56, 67, 66)*117 Active Vacant Lots: 953 (949, 947, 955, 948) *1,018 Market Rant The 60%+ sales to list ratio streak has been snapped! The last time it dipped below the 60% mark was back at the beginning of May, with a report of 58%. Doesn't take much to send a stat up or down though, and this week the average sales and slightly lower sales were the factors here. Funny enough, the absorption rate streak also came to an end this week as well, which the last time reporting over 16 weeks was also at the beginning of May, which was likely the low point before things took off. At the peak, the lowest number the absorption rate hit was 15 weeks this year, which was in June, and only stayed that low for a couple weeks. So I guess you could say that the market is cooling off, but that is a seasonal trend anyways. Overall, sales values remained strong this week, and most other stats are reporting averagely as well! Nothing too out of the ordinary this week, so be sure to come back soon to check on additional updates as they happen! Thanks for stopping by! The Weekly Adogtable!! Champion is ready to take on the world with his handsome brown eyes and spunky persona! He'd make a great companion for a semi-active family who likes to get outside and enjoy the sun, but who also doesn't mind a little netflix & chill during those rainy days. He's a bit nervous around the kitties and hasn't had an opportunity to meet other dogs in our care, so we're recommending a pet-free home for this lad, but open to visitation from current household dogs! Children in Champion's home should be 7+ as he lacks some manners - he's a jumpy, mouthy and excitable boy so kids should be comfortable with large dogs. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 July 4th-11th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 333 (333, 357, 340, 343) *359 Sold: 197 (208, 221, 205, 206) *164 Sale To Listing Ratio: 60% (63%, 62%, 60%, 60%) *51% Price Changes: 161 (167, 167, 173, 164) *249 Listings that went conditional/pending: 242 (201, 272, 254, 256) *207 Expired/Cancelled: 103 (192, 66, 57, 82) *112 Total Active Halifax/Dartmouth Inventory: 3,341 (3,348, 3,387, 3,381, 3,366) +4,233 Absorption Rate in weeks: 16 (16, 16, 16, 15) *22 Single Family Home Stats Active Single Family Home: 1,883 (1,877, 1,907, 1,904, 1,905) *2,446 Average Single Family Home List Price: $320,789 ($334k,$344k,$349k,$350k) *$332k Average Single Family Home Selling Price: $316,170 ($329k,$337k,$342k,$345k) *$323k Single Family Home Sale to List Ratio This Week: 99% (99%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$298,261 ($299k,$298k,$296k,$295k)*$280k Average Days on Market Single Family Home: 51 (70, 58, 59, 44) *55 Condo Stats Active Condos: 225 (242, 248, 250, 246) *392 Average Condo Listing Price: $278,622 ($308k, $295k, $287k, $270k) *$236k Average Condo Selling Price: $270,473 ($301k, $286k, $277k, $255k) *$226k Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 95%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $249k) *$235k Median Condo Sold Price (6 mo): $221,000 ($241k, $240k, $240k, $240k) *$225k Average Days on Market Condos: 79 (56, 67, 66, 45)*117 Active Vacant Lots: 949 (947, 955, 948, 943) *1,018 Market Rant Inventory overall took another dip this week, although just slightly, despite taking gains in both Single Family Home and Vacant Land products. Contributors to the reduction include condo's, who took the largest hit, a good surge of pending properties, and a decent amount of expiries and cancellations. Overall though, the inventory is reporting fairly average for the time year. Values remain strong for the week, although, Single Family home's took a bit of a hit. Not uncommon to see average sale prices dip as we slide into the slower months, but it does tend to start closer to the Fall. Could be the supply vs demand factor, although super competitive demand seems to be waining a touch. Still not much in the way of supply, and what supply we do have seems to be the scraps that outlived the late Spring/early Summer bonanza. New products do continue to grace the market week to week though, and those priced and presented well seem to be moving at a rapid pace. It's when that stops happening is when there may be a problem. Stay tuned to keep you finger on the pulse of the market, and thanks for stopping by! The Weekly Adogtable! Meet Diva! Are you looking for a sweet older gal with a zest for life? Diva is the ideal walking buddy and couch companion. She'll happily hit up the walking trails and explore all of your favourite outdoor spots (and maybe even help you discover some new ones)! Slowing down isn't on her to-do list, as Diva has lots of energy to spare. She'll keep you on your toes and challenge you to keep up with a goofy grin on her face! Diva would be best suited to a home: -Without other animals (this diva has a bit of an attitude and lacks her doggy manners) -With children over 10 This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 June 27th - July 4th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 333 (357, 340, 343, 335) *335 Sold: 208 (221, 205, 206, 234) *174 Sale To Listing Ratio: 63% (62%, 60%, 60%, 70%) *52% Price Changes: 167 (167, 173, 164, 161) *206 Listings that went conditional/pending: 201 (272, 254, 256, 231) *175 Expired/Cancelled: 192 (66, 57, 82, 137) *229 Total Active Halifax/Dartmouth Inventory: 3,348 (3,387, 3,381, 3,366, 3,363) +4,225 Absorption Rate in weeks: 16 (16, 16, 15, 15) *22 Single Family Home Stats Active Single Family Home: 1,877 (1,907, 1,904, 1,905, 1,886) *2,457 Average Single Family Home List Price: $333,595 ($344k,$349k,$350k,$346k) *$308k Average Single Family Home Selling Price: $328,961 ($337k,$342k,$345k,$337k) *$299k Single Family Home Sale to List Ratio This Week: 99% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k Median Single Family Home Sold Price (6 mo):$298,750 ($298k,$296k,$295k,$295k)*$280k Average Days on Market Single Family Home: 70 (58, 59, 44, 54) *69 Condo Stats Active Condos: 242 (248, 250, 246, 252) *408 Average Condo Listing Price: $307,792 ($295k, $287k, $270k, $292k) *$212k Average Condo Selling Price: $300,852 ($286k, $277k, $255k, $288k) *$204k Condo Sale to List Ratio This Week: 98% (97%, 97%, 95%, 99%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $249k, $250k) *$235k Median Condo Sold Price (6 mo): $241,000 ($240k, $240k, $240k, $240k) *$225k Average Days on Market Condos: 56 (67, 66, 45, 72)*69 Active Vacant Lots: 947 (955, 948, 943, 949) *994 Market Rant I do believe that was it! The Spring surge has finally wained, and we are on to the Summer plunge market. Inventory across the board took a nosedive, but there are a couple factors that helped that happen this week. Firstly, it was the beginning/end month expiry/renewal churn, contract expiries, and the Canada Day long weekend. Canada Day does seem to be the unofficial marker for the inventory deflation, but this market has been anything predictable, so it's almost nice to see something fall back into line. Sales were down a bit this week as well, but the long weekend must have certainly played a roll, as do most holidays. Even buyer activity reported lower than the recent norm, but again, refer to the factors above. I guess the big question at this point is "where do we go from here"? Are we destined to slip back into the comfortable slow gain market like a well worn pair of slippers, or will we continue to forge ahead and embrace the change. Likely, this year will be the year we see things return to the former, but you never know! What I do know is that if it keeps on the way it has, Buyers will be in for a rough ride until it wains. Until then, we ride it out until we stabilize! Thanks for stopping by! The Weekly Adogtable! Children 16 years and up Obedience Mandatory No Apartments/Condos A very energetic boy who is eager to learn new skills. He loves to explore his surroundings and would make an excellent hiking partner. If you would like to meet this young gentleman in training, come to the shelter and him for a walk. Odin is good with most dogs that have a similar play style as himself. This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 June 20th - 27th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 357 (340, 343, 335, 336) *306 Sold: 221 (205, 206, 234, 225) *217 Sale To Listing Ratio: 62% (60%, 60%, 70%, 67%) *71% Price Changes: 167 (173, 164, 161, 174) *190 Listings that went conditional/pending: 272 (254, 256, 231, 260) *220 Expired/Cancelled: 66 (57, 82, 137, 72) *80 Total Active Halifax/Dartmouth Inventory: 3,387 (3,381, 3,366, 3,363, 3,409) +4,273 Absorption Rate in weeks: 16 (16, 15, 15, 16) *21 Single Family Home Stats Active Single Family Home: 1,907 (1,904, 1,905, 1,886, 1,894) *2,479 Average Single Family Home List Price: $344,203 ($349k,$350k,$346k,$350k) *$335k Average Single Family Home Selling Price: $337,339 ($342k,$345k,$337k,$343k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k Median Single Family Home Sold Price (6 mo):$298,000 ($296k,$295k,$295k,$296k)*$280k Average Days on Market Single Family Home: 58 (59, 44, 54, 51) *58 Condo Stats Active Condos: 248 (250, 246, 252, 261) *424 Average Condo Listing Price: $294,544 ($287k, $270k, $292k, $282k) *$239k Average Condo Selling Price: $285,479 ($277k, $255k, $288k, $280k) *$229k Condo Sale to List Ratio This Week: 97% (97%, 95%, 99%, 99%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $249k, $250k, $250k) *$238k Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $240k, $241k) *$228k Average Days on Market Condos: 67 (66, 45, 72, 50)*87 Active Vacant Lots: 955 (948, 943, 949, 965) *998 Market Rant Small surge of properties made it to market this week, which I'm sure will be well received by shoppers on the market. If you are currently a Buyer in this market, you have probably noticed that the throttle has let off a bit, and you may even find yourself with a few options! Of course, there are still areas of the city that are highly competitive, but there does seem to be a bit of pressure relief at this current junction. Still, lots of buyer activity this week, with 272 listings that received and accepted offers, which is quite above average than last year at this time. It's still pretty early to call, but this years Spring compared to last had its surge a bit earlier than last year, and because of this, we could be seeing a rebound market with a second market push. That, or the weary Buyers of the early Spring inferno market have returned to kinder market conditions to try again. Inventory did take a slight bump this week, which is another good thing for buyers, since more selection usually means less competition and more selection. Normally, the early Summer market is hit or miss, but it is usually the calm before the coming Fall market, so the next few months will lay the groundwork for what is to come. With the numbers being reported, the foot is still on the pedal, but keeping the speed limit. Stay tuned to see how the Summer turns out! Will it be market be like our current weather, or will it turn to the weather we are all hoping for? Thanks for stopping by! The Weekly Adogtable! Cherry is a ~5 year old spayed female amstaff mix. She would prefer a home with children 10 years and older. Obedience is optional for her new owner(s). This sweet lady is more then ready to find a new home to call her own. Cherry is a playful girl, happy to entertain herself with toys and enjoys the company of other dogs. She is super affectionate and will make an amazing family friend. Cherry would love to go for a walk and give you the opportunity to fall in love with her. This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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 June 13th - 20th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 340 (343, 335, 336, 377) *306 Sold: 205 (206, 234, 225, 227) *217 Sale To Listing Ratio: 60% (60%, 70%, 67%, 60%) *71% Price Changes: 173 (164, 161, 174, 145) *190 Listings that went conditional/pending: 254 (256, 231, 260, 266) *220 Expired/Cancelled: 57 (82, 137, 72, 61) *80 Total Active Halifax/Dartmouth Inventory: 3,381 (3,366, 3,363, 3,409, 3,410) +4,273 Absorption Rate in weeks: 16 (15, 15, 16, 16) *21 Single Family Home Stats Active Single Family Home: 1,904 (1,905, 1,886, 1,894, 1,904) *2,479 Average Single Family Home List Price: $348,896 ($350k,$346k, $350k,$348k) *$335k Average Single Family Home Selling Price: $342,415 ($345k,$337k,$343k,$342k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k Median Single Family Home Sold Price (6 mo):$296,000 ($295k,$295k,$296k,$295k)*$280k Average Days on Market Single Family Home: 59 (44, 54, 51, 52) *58 Condo Stats Active Condos: 250 (246, 252, 261, 267) *424 Average Condo Listing Price: $286,596 ($270k, $292k, $282k, $250k) *$239k Average Condo Selling Price: $277,069 ($255k, $288k, $280k, $256k) *$229k Condo Sale to List Ratio This Week: 97% (95%, 99%, 99%, 98%) 96% Median Condo List Price (6 mo): $249,900 ($249k, $250k, $250k, $246k) *$238k Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $241k, $240k) *$228k Average Days on Market Condos: 66 (45, 72, 50, 37)*87 Active Vacant Lots: 948 (943, 949, 965, 955) *998 Market Rant If you think that this weeks stats report looks surprisingly similar to last weeks, you would be correct. Not too much variation from this week to last, in fact, it's hardly any. New listings, sales, price changes, listings that went pending, basically the lot stayed on par this week with last. The variations that did occur were minor, that they really aren't worth mentioning. Seems we might be a bit down on sales compared to the amount of listings that are accepting offers, so I wonder if there might be a higher average of agreements falling apart on the various factors that make up a buyers due diligence. One of these factors that has become a bit notorious this year is financing and the failure to obtain a mortgage. From the mortgage specialists I have been in talks with, many buyers will do a soft pre-approval with their chosen traditional lender (bank), but sometimes they (bank) don't dig too far into the workings of the approval, therefor leaving surprises to be had during the course of due diligence. Their are some buyers out there that do not have their pre-approval in place for one reason or another as well, so that can quickly halt a transaction once the action commences. Of course, the second biggest showstopper, if not the first "deal breaker" during due dilligence, is the inspection. All buyers have a different threshold of risk and what conditions are expected when buying a home. Having a major discovery through one of the possible several inspections can leave buyers with hands out, and sellers turning out pockets. Then the question of how the buyer or seller can fund a large fix, should one be discovered, is posed. Some might look to the sales proceeds for such a thing, but that is unfortunately not an option anymore. Cash back, or credit on closing is a thing of the past, and certainly another topic to discuss another day. I invite any mortgage specialist to reach out with their take on cash back or credits on closing, and possible options, including purchase plus mortgages, to deal with big/small items instead of a price reduction to be featured on the blog in a finance post! Thanks for stopping by! The Weekly Adogtable! Annie Banannie is waiting to meet you! Do not let her shy and quiet demeanor fool you! This girl is full of energy and LOVES to welcome you home when she sees you. Once she gets the zoomies out of her system she mellows out and is happy to just curl up on an Annie approved bed :) This girl is picky with her doggy friends and with this the staff at the shelter do require a meet and greet once your application has been approved to ensure everyone will be happy in the home. At only 2 years young Annie has already undergone 2 surgeries and we are hoping that it is the last of them. She had a tail amputation done by her previous owners due to injuring her tail, and she also had a foreign body removal done. With this Annie is looking for a committed owner who will help to keep any potential ingestable items out of her reach in the home. A home with children over the age of 12 years old will be best. This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  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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