Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 264 (258, 261, 256, 261) *226 Sold: 139 (135, 159, 137, 165) *148 Sale To Listing Ratio: 61% (61%, 54%, 63%) *66% Price Changes: 112 (112, 135, 112, 139) *76 Conditional Sale: 188 (189, 190, 145, 200) *154 Expired/Cancelled/Withdrawn: 40 (41, 55, 95, 42) *47 Total Active Halifax/Dartmouth Inventory: 1,751 (1,738, 1,729, 1,740, 1,738) *1,400 Absorption Rate: 12 (12, 11, 11, 10) *10 Single Family Home Stats Active Single Family Home: 881 (870, 865, 865, 888) *677 Average Single Family Home List Price: $592,128 ($602k, $581k, $619k, $572k) *$605k Average Single Family Home Selling Price: $$590,102 ($603k, $579k, $629k, $577k) *$603k Single Family Home Sale to List Ratio This Week: 99% (101%, 102%, 101%) *99% Median Single Family Home List Price (6 mo): $575,900 ($565k,$565k,$565k,$565k) *$536k Median Single Family Home Sold Price(6 mo):$568,000 $568k,($568k,$570k,$568k)*$544k Average Days on Market Single Family Home: 30 (31, 36, 10, 24) *27 Condo Stats Active Condos: 133 (130, 127, 127, 128) *113 Average Condo Listing Price: $496,768 ($537k, $486k, $450k. $660k) *$414k Average Condo Selling Price: $491,656 (531k, $479k, $455k, 648k) *$423k Condo Sale to List Ratio This Week: 99% (98%, 101%, 98%) *102% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $440,000 ($440k, $440k, $440k, $440k) *$422k Average Days on Market Condos: 45 (40, 27, 19, 63) *29 Active Vacant Lots: 515 (512, 511, 511, 527) *434 Market Rant The Halifax/Dartmouth real estate market remains vibrant and full of opportunities. With a steady influx of new listings and consistent sales, the market is balancing well between supply and demand. Price adjustments and conditional sales indicate active buyer engagement, while stable absorption rates show that homes are moving at a healthy pace. Single-family homes and condos both show robust activity, with stable prices and quick turnovers. As we head into the next few weeks, expect continued dynamic market activity, providing plenty of opportunities for buyers and sellers alike. The Bank of Canada reduced its overnight rate target to 4.5% and continues balance sheet normalization. Global growth is expected at 3% annually through 2026, with easing inflation. In Canada, GDP growth is 1.5% for the first half of 2024, forecasted at 1.2% in 2024, 2.1% in 2025, and 2.4% in 2026. Inflation moderated to 2.7% in June, with broad pressures easing. The Bank cut rates by 25 basis points, focusing on restoring price stability amidst mixed inflation influences. Stay tuned for more updates and happy house hunting! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 261 (256, 261, 287, 334) *175 Sold: 159 (137, 165, 166, 198) *121 Sale To Listing Ratio: 61% (54%, 63%, 58%, 59%) *69% Price Changes: 135 (112, 139, 150, 134) *63 Conditional Sale: 190 (145, 200, 181, 204) *119 Expired/Cancelled/Withdrawn: 55 (95, 42, 49, 58) *66 Total Active Halifax/Dartmouth Inventory: 1,729 (1,740, 1,738, 1,761, 1,722) *1,388 Absorption Rate: 11 (11, 10, 11, 10, 11) *9 Single Family Home Stats Active Single Family Home: 865 (865, 888, 871, 896) *691 Average Single Family Home List Price: $581,297 ($619k, $572k, $582k, $624k) *$568k Average Single Family Home Selling Price: $578,814 ($629k, $577k, $589k, $622k) *$570k Single Family Home Sale to List Ratio This Week: 99% (102%, 101%, 101%, 99%) *101% Median Single Family Home List Price (6 mo): $565,000 ($565k,$565k,$565k,$565k) *$530k Median Single Family Home Sold Price(6 mo):$567,900 ($570k,$568k,$565k,$560k)*$539k Average Days on Market Single Family Home: 36 (10, 24, 27, 32) *20 Condo Stats Active Condos: 127 (127, 128, 136, 139) *103 Average Condo Listing Price: $486,142 ($450k. $660k, $504k, $476k) *$348k Average Condo Selling Price: $478,485 ($$455k, 648k, $498k, $482k) *$5370k Condo Sale to List Ratio This Week: 98% (101%, 98%, 99%, 101%) *106% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $440,000 ($440k, $440k, $435k, $435k) *$422k Average Days on Market Condos: 27 (19, 63, 38, 13) *17 Active Vacant Lots: 511 (511, 527, 518, 510) *426 Market Rant Hold onto your hats, Halifax! The real estate market is sizzling this week. New listings and sales are climbing, inventory is steady, and buyers are diving in headfirst. The sale-to-list ratio is getting cozy around 60%, and price changes are popping up like spring flowers. Single-family homes are holding their ground, with prices looking good and homes lingering on the market a bit longer—just enough time for buyers to snag a deal! The average list price took a slight dip, making it a perfect time for some house-hunting adventures. The condo scene is equally exciting. Listing prices have jumped up, but some buyers are scoring some sweet deals, with selling prices taking a little tumble. Condos are selling like hotcakes when available, though they’re spending a bit more time on the market—perfect for those who love to window shop before making a decision. Vacant lots are plentiful, with lots of new land waiting for those dream home blueprints. Whether you're looking to build, buy, or just browse, the market is buzzing with opportunities. Summer's heating up, and so is the real estate action! Keep your eyes on the market, stay informed, and get ready to make your move. Thanks for stopping by the Halifax Real Estate Blog! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 256 (261, 287, 334, 272) *175 Sold: 137 (165, 166, 198, 138) *121 Sale To Listing Ratio: 54% (63%, 58%, 59%, 51%) *69% Price Changes: 112 (139, 150, 134, 88) *63 Conditional Sale: 145 (200, 181, 204, 187) *119 Expired/Cancelled/Withdrawn: 95 (42, 49, 58, 75) *66 Total Active Halifax/Dartmouth Inventory: 1,740 (1,738, 1,761, 1,722, 1,670) *1,388 Absorption Rate: 11 (10, 11, 10, 11) *9 Single Family Home Stats Active Single Family Home: 888 (871, 896, 873, 837) *691 Average Single Family Home List Price: $618,969 ($572k, $582k, $624k, $633k) *$568k Average Single Family Home Selling Price: $628,667 ($577k, $589k, $622k, $640k) *$570k Single Family Home Sale to List Ratio This Week: 102% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $565,000 ($565k,$565k,$565k,$560k) *$530k Median Single Family Home Sold Price(6 mo):$569,900 ($568k,$565k,$560k)*$539k Average Days on Market Single Family Home: 20 (24, 27, 32, 25) *20 Condo Stats Active Condos: 127 (128, 136, 139, 130) *103 Average Condo Listing Price: $449,252 ($660k, $504k, $476k, $441k) *$348k Average Condo Selling Price: $454,484 ($648k, $498k, $482k, $443k) *$5370k Condo Sale to List Ratio This Week: 101% (98%, 99%, 101%, 101%) *106% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $440,000 ($440k, $435k, $435k, $435k) *$422k Average Days on Market Condos: 19 (63, 38, 13, 26) *17 Active Vacant Lots: 511 (527, 518, 510, 499) *426 Market Rant The Halifax real estate market is like a rollercoaster ride, with twists and turns that keep things exciting! New listings and total inventory are holding strong, giving buyers plenty of options to choose from. Although sales took a bit of a dip this week, they're still higher than last year—so it's not all doom and gloom! Single-family homes are the rock stars of the market, showing impressive price gains. The average and median prices have gone up, and these homes are flying off the market faster than you can say "sold!" The condo market is throwing us a curveball with a big drop in average prices, but the sale-to-list ratio has improved, and median prices are steady. It's a wild ride, but it looks like there's still plenty of demand for those urban living spaces. Vacant lots are plentiful, setting the stage for future developments and new opportunities. Overall, the market is buzzing with activity, and the summer months promise to keep things lively. Keep an eye on those price trends and inventory levels, and stay tuned to the Halifax Real Estate Blog for all the latest updates. Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 261 (287, 334, 272, 260) *240 Sold: 165 (166, 198, 138, 168) *170 Sale To Listing Ratio: 63% (58%, 59%, 51%, 65%) *71% Price Changes: 139 (150, 134, 88, 102) *94 Conditional Sale: 200 (181, 204, 187, 181) *175 Expired/Cancelled/Withdrawn: 42 (49, 58, 75, 28) *34 Total Active Halifax/Dartmouth Inventory: 1,738 (1,761, 1,722, 1,670, 1,658) *1,389 Absorption Rate: 10 (11, 10, 11, 11) *8 Single Family Home Stats Active Single Family Home: 871 (896, 873, 837, 810) *673 Average Single Family Home List Price: $571,452 ($582k, $624k, $633k, $614k) *$598k Average Single Family Home Selling Price: $577,256 ($589k, $622k, $640k, $622k) *$604k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $565,000 ($565k,$565k,$560k,$550k) *$530k Median Single Family Home Sold Price(6 mo):$568,000 ($568k,$565k,$560k,$560k)*$536k Average Days on Market Single Family Home: 24 (27, 32, 25, 28) *25 Condo Stats Active Condos: 128 (136, 139, 130, 134) *115 Average Condo Listing Price: $660,347 ($504k, $476k, $441k, $451k) *$534kk Average Condo Selling Price: $648,255 ($498k, $482k, $443k, $450k) *$541kk Condo Sale to List Ratio This Week: 98% (99%, 101%, 101%, 99%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $435k) *$430k Median Condo Sold Price (6 mo): $439,950 ($435k, $435k, $435k, $430k) *$428k Average Days on Market Condos: 63 (38, 13, 26, 14) *19 Active Vacant Lots: 527 (518, 510, 499, 508) *424 Market Rant The Halifax real estate market is displaying a blend of stability and fluctuation. New listings and sales remain relatively steady, though there is a noticeable decrease compared to the peak activity seen a few weeks ago. The sale to listing ratio has decreased, suggesting a more competitive environment between supply and demand. Price changes are still frequent, reflecting a dynamic market environment. Inventory levels remain high, providing ample options for buyers, although the absorption rate has stabilized. Single-family homes show a slight decline in average prices, but median prices remain strong, indicating steady demand. Homes are selling quicker than last week but at a similar pace to last year. The condo market is experiencing a notable increase in average prices, though the time to sell has significantly lengthened, suggesting that higher-priced listings might be taking longer to find buyers. Overall, the market appears stable, with strong activity in certain segments and potential for continued interest as the summer progresses. Monitoring price trends and inventory levels will be crucial in the coming weeks to understand the full impact on the Halifax real estate market. Stay tuned to the Halifax Real Estate Blog for the latest updates! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 287 (334, 272, 260, 287) *281 Sold: 166 (198, 138, 168, 189) *182 Sale To Listing Ratio: 58% (59%, 51%, 65%, 66%) *65% Price Changes: 150 (134, 88, 102, 112) *96 Conditional Sale: 181 (204, 187, 181, 182) *199 Expired/Cancelled/Withdrawn: 49 (58, 75, 28, 33) *47 Total Active Halifax/Dartmouth Inventory: 1,761 (1,722, 1,670, 1,658, 1,648) *1,370 Absorption Rate: 11 (10, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 896 (873, 837, 810, 814) *665 Average Single Family Home List Price: $582,435 ($624k, $633k, $614k, $655k) *$564k Average Single Family Home Selling Price: $588,963 ($622k, $640k, $622k, $656k) *$580k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *103% Median Single Family Home List Price (6 mo): $564,950 ($565k,$560k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$568,000 ($565k,$560k,$560k,$560k)*$535k Average Days on Market Single Family Home: 27 (32, 25, 28, 31) *17 Condo Stats Active Condos: 136 (139, 130, 134, 136) *115 Average Condo Listing Price: $503,890 ($476k, $441k, $451k, $473k) *$492k Average Condo Selling Price: $498,254 ($482k, $443k, $450k, $476k) *$494k Condo Sale to List Ratio This Week: 99% (101%, 101%, 99%, 101%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $435k, $434k) *$430k Median Condo Sold Price (6 mo): $435,050 ($435k, $435k, $430k, $430k) *$425k Average Days on Market Condos: 38 (13, 26, 14, 19) *21 Active Vacant Lots: 518 (510, 499, 508, 499) *424 Market Rant The Halifax real estate market is showing some interesting trends this week. While the number of new listings is slightly lower compared to last week, it is in line with the numbers from previous weeks and last year. This indicates that the market is maintaining a consistent level of activity. However, there has been a noticeable decrease in the number of sales compared to last week, although the numbers are still higher than both the previous weeks and last year. This could be an indication of a slight slowdown in the market, but it's important to note that the sale to listing ratio is still relatively strong at 58%. Prices for single-family homes continue to rise, with both the average and median prices increasing compared to last year. This suggests that there is still strong demand for single-family homes in the Halifax area. The condo market, on the other hand, is showing more stability, with prices holding steady and a consistent sale to list ratio. However, the average days on market for condos has increased significantly compared to last year, indicating that condos are taking longer to sell. Overall, the Halifax real estate market appears to be stable, with a good level of activity and strong demand for single-family homes. However, the slight decrease in sales compared to last week could be an indication of a potential slowdown in the market, so it's important to keep a close eye on future trends. I have you covered, so be sure to stop by the blog and stay informed. Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 334 (272, 260, 287, 283) *282 Sold: 198 (138, 168, 189, 133) *167 Sale To Listing Ratio: 59% (51%, 65%, 66%, 47%) *59% Price Changes: 134 (88, 102, 112, 81) *96 Conditional Sale: 204 (187, 181, 182, 185) *189 Expired/Cancelled/Withdrawn: 58 (75, 28, 33, 38) *44 Total Active Halifax/Dartmouth Inventory: 1,722 (1,670, 1,658, 1,648, 1,587) *1,361 Absorption Rate: 10 (11, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 873 (837, 810, 814, 784) *674 Average Single Family Home List Price: $623,383 ($633k, $614k, $655k, $591k) *$598k Average Single Family Home Selling Price: $622,349 ($640k, $622k, $656k, $596k) *$607k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $564,900 ($560k,$550k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$565,250 ($560k,$560k,$560k,$551k)*$530k Average Days on Market Single Family Home: 32 (25, 28, 31, 28) *24 Condo Stats Active Condos: 139 (130, 134, 136, 132) *110 Average Condo Listing Price: $475,756 ($441k, $451k, $473k, $465k) *$561k Average Condo Selling Price: $481,891 ($443k, $450k, $476k, $474k) *$564k Condo Sale to List Ratio This Week: 101% (101%, 99%, 101%, 102%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $435k, $434k, $435k) *$430k Median Condo Sold Price (6 mo): $435,300 ($435k, $430k, $430k, $430k) *$425k Average Days on Market Condos: 13 (26, 14, 19, 35) *30 Active Vacant Lots: 510 (499, 508, 499, 489) *424 Market Rant Just when it seemed the Halifax real estate market was beginning to lose its momentum, we were hit with an exciting week of gains! Every tracked category showed impressive increases, with single-family homes leading the charge. Last week, it appeared that this year's inventory might start to align with last year's, but this week's remarkable upward trend has created a substantial gap between the two. In fact, this is the largest inventory we've seen since mid-July 2020! This is fantastic news for buyers, who must be thrilled with the plethora of options now available. The big question is how long this trend will continue. It seems we haven't reached the peak yet, especially with the influx of new listings this week, marking one of the largest surges we've seen in quite some time. Buyer activity also saw a significant boost this week, with over 200 listings receiving and accepting offers. The increased inventory has clearly inspired buyers to seize the opportunity, and with more choices on the market, there's less competition to worry about. This dynamic shift is creating a more favourable environment for those looking to make their next move in the Halifax real estate market. Looks like there's still some more gas in the tank, so stay tuned to the blog to stay on top of market, and stay informed! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (260, 287, 283, 358) *299 Sold: 138 (168, 189, 133, 139) *157 Sale To Listing Ratio: 51% (65%, 66%, 47%, 39%) *53% Price Changes: 88 (102, 112, 81, 99) *76 Conditional Sale: 187 (181, 182, 185, 194) *200 Expired/Cancelled/Withdrawn: 75 (28, 33, 38, 35) *58 Total Active Halifax/Dartmouth Inventory: 1,670 (1,658, 1,648, 1,587, 1,574) *1,361 Absorption Rate: 11 (11, 11, 11, 10) *6 Single Family Home Stats Active Single Family Home: 837 (810, 814, 784, 783) *701 Average Single Family Home List Price: $632,952 ($614k, $655k, $591k, $628k) *$589k Average Single Family Home Selling Price: $639,484 ($622k, $656k, $596k, $634k) *$602k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $559,900 ($550k,$550k,$550k,$550k) *$519k Median Single Family Home Sold Price(6 mo):$560,000 ($560k,$560k,$551k,$550k)*$525k Average Days on Market Single Family Home: 25 (28, 31, 28, 32) *31 Condo Stats Active Condos: 130 (134, 136, 132, 133) *101 Average Condo Listing Price: $440,813 ($451k, $473k, $465k, $445k) *$525k Average Condo Selling Price: $443,287 ($450k, $476k, $474k, $450k) *$528k Condo Sale to List Ratio This Week: 101% (99%, 101%, 102%, 101%) *101% Median Condo List Price (6 mo): $439,450 ($435k, $434k, $435k, $430k) *$400k Median Condo Sold Price (6 mo): $435,000 ($430k, $430k, $430k, $430k) *$410k Average Days on Market Condos: 26 (14, 19, 35, 41) *26 Active Vacant Lots: 499 (508, 499, 489, 480) *419 Market Rant Big news this week! The Bank of Canada announced a 25 basis point reduction in the policy rate yesterday (was 5%, now 4.75%), marking it the first time since 2020 that we have seen the rate reduce. This means we should see some changes to variable rate mortgages in the near future, and possible new fixed rate offerings at some point. So how will the announcement impact the market? Time will tell, by I have a suspicion that we will see an uptick in activity in the coming weeks as the market environment becomes much more favourable for Buyers. With inventory options and the potential for a cheaper mortgage, it may be just the spark needed to reignite the smouldering Halifax market. Still missing inventory in key price ranges and locations, but things have definitely improved for buyers in the last few months. We are in the peak of Spring however, and this is usually the time of year when we see the most property for sale during the year, so things can change quickly with the right influencing factors.. Annual trend should take hold by the end of the month, and we should start to to see inventory taper off until the end of the year. Never know though! It has been a wild ride in the last few years, so I would say anything is possible at this point! Stay tuned to the blog for all the ups and downs, and to stay informed. Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 260 (287, 283, 358, 321) *272 Sold: 168 (189, 133, 139, 158) *191 Sale To Listing Ratio: 65% (66%, 47%, 39%, 49%) *70% Price Changes: 102 (112, 81, 99, 103) *92 Conditional Sale: 181 (182, 185, 194, 171) *206 Expired/Cancelled/Withdrawn: 28 (33, 38, 35, 58) *59 Total Active Halifax/Dartmouth Inventory: 1,658 (1,648, 1,587, 1,574, 1,501) *1,334 Absorption Rate: 11 (11, 11, 10, 10) *8 Single Family Home Stats Active Single Family Home: 810 (814, 784, 783, 745) *679 Average Single Family Home List Price: $614,158 ($655k, $591k, $628k, $634k) *$605k Average Single Family Home Selling Price: $621,508 ($656k, $596k, $634k, $641k) *$612k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $550,000 ($550k,$550k,$550k,$550k) *$509k Median Single Family Home Sold Price(6 mo):$560,000 ($560k,$551k,$550k,$550k)*$520k Average Days on Market Single Family Home: 28 (31, 28, 32, 26) *22 Condo Stats Active Condos: 134 (136, 132, 133, 125) *92 Average Condo Listing Price: $451,200 ($473k, $465k, $445k, $441k) *$429k Average Condo Selling Price: $450,127 ($476k, $474k, $450k, $449k) *$437k Condo Sale to List Ratio This Week: 99% (101%, 102%, 101%, 102%) *102% Median Condo List Price (6 mo): $435,000 ($434k, $435k, $430k, $430k) *$400k Median Condo Sold Price (6 mo): $430,000 ($430k, $430k, $430k, $429k) *$410k Average Days on Market Condos: 14 (19, 35, 41, 11) *29 Active Vacant Lots: 508 (499, 489, 480, 459) *420 Market Rant Overall market activity reported averagely this week, begging the question of if we have already hit the inventory peak. There was marginal gains for some tracked products, but both single family homes and condos took reductions this week, which would be an unusually early time to start our decent. New listing additions fell short this week as well, reporting the lowest product add count in over a month. Price changes are still plentiful given the changing market, and buyer activity held fast again this week, pushing solid numbers for the overall picture. Values for both tracked products took a bit of a dip this week, and the six month median prices for both condo and single family homes held fast. Some areas of the city and price points are still red hot, while others continue to cool, so it's a mixed bag out there at the moment. With Spring coming to a close, market activity usually begins to soften, but given current demand the expectation is that we will see elevated interest well into the Summer months, especially with entry level properties. All it will take to add gasoline to the current situation will be an interest rate drop, which may be closer than we think. With things becoming slightly more affordable, and a turn of events for interest rates, buyers may have more confidence to buy into the market. Time will tell however, and I have you covered, so be sure to stay tuned to the Halifax Real Estate Blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 287 (283, 358, 321, 276) *273 Sold: 189 (133, 139, 158, 169) *147 Sale To Listing Ratio: 66% (47%, 39%, 49%, 61%) *56% Price Changes: 112 (81, 99, 103, 86) *86 Conditional Sale: 182 (185, 194, 171, 159) *215 Expired/Cancelled/Withdrawn: 33 (38, 35, 58, 39) *35 Total Active Halifax/Dartmouth Inventory: 1,648 (1,587, 1,574, 1,501, 1,435) *1,330 Absorption Rate: 11 (11, 10, 10, 11) *9 Single Family Home Stats Active Single Family Home: 814 (784, 783, 745, 696) *665 Average Single Family Home List Price: $654,660 ($591k, $628k, $634k, $660k) *$613k Average Single Family Home Selling Price: $656,350 ($596k, $634k, $641k, $666k) *$622k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($550k,$550k,$550k,$550k) *$500k Median Single Family Home Sold Price(6 mo):$560,000 ($551k,$550k,$550k,$548k)*$513k Average Days on Market Single Family Home: 31 (28, 32, 26, 32) *28 Condo Stats Active Condos: 136 (132, 133, 125, 112) *102 Average Condo Listing Price: $472,680 ($465k, $445k, $441k, $480k) *$470k Average Condo Selling Price: $476,312 ($474k, $450k, $449k, $486k) *$485k Condo Sale to List Ratio This Week: 101% (102%, 101%, 102%, 101%) *103% Median Condo List Price (6 mo): $434,387 ($435k, $430k, $430k, $434k) *$400k Median Condo Sold Price (6 mo): $430,000 ($430k, $430k, $429k, $430k) *$407k Average Days on Market Condos: 19 (35, 41, 11, 11) *24 Active Vacant Lots: 499 (489, 480, 459, 431) *415 Market Rant The Spring market pushes on, and at last, we are starting to see a bit of pressure relief in most areas and price points around HRM. With the initial intense wave of buyers out of the way, the next wave is a bit more relaxed and ready to take in a market that is a bit more plentiful than that of a few weeks ago. The overall inventory kicked up quite a bit this week, but there was really only marginal gains in the tracked products, single family homes contributing the most. Sales reported high this week, but that can be traced back to the market a few weeks ago, which had the highest amount of accepted offers in a week this year so far. Values held fast this week, and so too did the median prices, but the expectation is that we will see a change in a northern direction, thanks to a spicy first quarter. Relocations are ramping up, and the Spring market is in full swing, so be sure to stay tuned to the blog to track our progress and see how things end in the first half of the market year. We should be close to peak currently, but with the way our market has been in the last three years, you never know what you will get! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 283 (358, 321, 276, 323) *262 Sold: 133 (139, 158, 169, 145) *147 Sale To Listing Ratio: 47% (39%, 49%, 61%, 45%) *56% Price Changes: 81 (99, 103, 86, 72) *86 Conditional Sale: 185 (194, 171, 159, 196) *215 Expired/Cancelled/Withdrawn: 38 (35, 58, 39, 49) *35 Total Active Halifax/Dartmouth Inventory: 1,587 (1,574, 1,501, 1,435, 1,398) *1,330 Absorption Rate: 11 (10, 10, 11, 11) *9 Single Family Home Stats Active Single Family Home: 784 (783, 745, 696, 696) *665 Average Single Family Home List Price: $590,513 ($628k, $634k, $660k, $672k) *$613k Average Single Family Home Selling Price: $596,347 ($634k, $641k, $666k,$679k) *$622k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($550k,$550k,$550k,$540k) *$500k Median Single Family Home Sold Price(6 mo):$550,750 ($550k,$550k,$548k,$541k)*$513k Average Days on Market Single Family Home: 28 (32, 26, 32, 45) *28 Condo Stats Active Condos: 132 (133, 125, 112, 114) *102 Average Condo Listing Price: $464,538 ($445k, $441k, $480k, $464k) *$470k Average Condo Selling Price: $474,397 ($450k, $449k, $486k, $467k) *$485k Condo Sale to List Ratio This Week: 102% (101%, 102%, 101%, 101%) *103% Median Condo List Price (6 mo): $434,900 ($430k, $430k, $434k, $429k) *$400k Median Condo Sold Price (6 mo): $430,000 ($430k, $429k, $430k, $429k) *$407k Average Days on Market Condos: 35 (41, 11, 11, 25) *24 Active Vacant Lots: 489 (480, 459, 431, 415) *415 Market Rant Perhaps the warmer temps this week has caused a bit of a distraction, as it seems as though May momentum hit a bit of a speed bump this week. Listings reported much lower than last week (although still higher than last year at this time), and sales slumped as well. Buyer activity reported positively, but even that seems a little lacklustre this week comparably. Overall inventory took a slight uptick this week, and is looking much healthier than the last three years really, so that is a good sign of things to come (hopefully). Both single family homes, condos and vacant land stats are reporting higher numbers than last year at this time, which I'm sure is a welcome sight to any buyers out there at the moment. The hyper competitive price bracket bar is adjusting as well, where we started to see inventory padding over the $800k mark, we are starting to see stale options sitting at $700k and even $600k around certain areas of the city. The 400k-500k is still quite competitive, but even those price brackets are seeing much less activity overall as well, to include offers. There does seem to be a bit of buyer hesitancy out there at the moment, perhaps due to more property options, or maybe buyers also know that more is on the way, so they can take their time. Either way, the overall feel out there at the movement is not one of urgency, but that might change as the Spring comes to an end and the purchase or sale needs to happen. It's been a chess match out there this year, so stay tuned to the blog to see how it all goes down! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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! |
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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