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Halifax (HRM) Residential Statistic Update for the Week of March 7th - March 14th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 251 (330, 189, 218, 248) *270 Sold: 146 (126, 111, 129, 114) *134 Sale To Listing Ratio: 58% (38%, 59%, 59%, 46%) *50% Price Changes: 100 (100, 82, 81, 80) *102 Listings that went conditional/pending: 169 (165, 167, 135, 153) *134 Expired/Cancelled/Withdrawn: 61 (102, 54, 69, 75) *81 Total Active Halifax/Dartmouth Inventory: 3,160 (3,150, 3,075, 3,117, 3,096) +3,722 Absorption Rate in weeks: 25 (26, 26, 27, 30) *30 Single Family Home Stats Active Single Family Home: 1,700 (1,674, 1,629, 1,656, 1,657) *2,047 Average Single Family Home List Price: $336,540 ($344k,$334k,$313k,$331k) *$301k Average Single Family Home Selling Price: $329,548 ($337k,$326k,$303k,$324k) *$291k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $289,250 ($290k,$290k,$286k,$290k)*$276k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 55 (78, 69, 79, 66) *88 Condo Stats Active Condos: 260 (298, 259, 261, 254) *368 Average Condo Listing Price: $295,268 ($226k, $229k, $266k, $293k) *$242k Average Condo Selling Price: $285,009 ($215k, $221k, $256k, $285k) *$232k Condo Sale to List Ratio This Week: 97% (95%, 95%, 96%, 97%) 96% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$240k Median Condo Sold Price (6 mo): $232,000 ($230k, $231k, $232k, $232k) *$234k Average Days on Market Condos: 51 (108, 93, 71, 60) *97 Active Vacant Lots: 939 (932, 911, 920, 918) *986 Market Rant Well, that's two weeks in a row! Even though the inventory gain was very marginal, it still fell into the increasing trend, which is the way the market usually goes around this time of year. New listing additions weren't a huge influence this week, although they helped, and sales reported higher than average, so you have to wonder where the numbers are coming from. Vacant lot inventory increased this week, so too did single family homes, but Condo inventory decreased significantly, so you would think that with the amount of sales and fewer new additions that inventory would have balanced out, I guess we came pretty close. The above average sales activity looks as though it will continue into next week, at the least, as the listings that reported conditional pending stayed above the norm again this week. So it looks like it's "business as usual" again, where "usual" means increased sales, lack of inventory, less time on market for sellers, and lots of buyer activity. I, for one, welcome this new market, and I hope it sticks around for the foreseeable future! Thanks for stopping by, and be sire to check in to stay on top of the market! The Weekly Adogtable! BELLA is up to date on on vaccinations. No issues with physical manipulations, enjoys her humans handling her, body, face and feet. No bite history. No resource guarding. High energy and Loves to play with other dogs. Great with even the shyest and the moodiest ones, and they all love her. Cat friendly, but very playful with them. Bella is a friendly gal that loves to play and easily gets excitable, jumpy and boisterous. If you tell her to stop, she listens and needs someone who can give her structure. No separation anxiety. Good on leash and learning basic obedience. 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 February - March 7th 28th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 330 (189, 218, 248, 250) *365 Sold: 126 (111, 129, 114, 119) *135 Sale To Listing Ratio: 38% (59%, 59%, 46%, 48%) *37% Price Changes: 100 (82, 81, 80, 103) *127 Listings that went conditional/pending: 165 (167, 135, 153, 133) *169 Expired/Cancelled/Withdrawn: 102 (54, 69, 75, 168) *172 Total Active Halifax/Dartmouth Inventory: 3,150 (3,075, 3,117, 3,096, 3,074) +3,686 Absorption Rate in weeks: 26 (26, 27, 30, 33) *32 Single Family Home Stats Active Single Family Home: 1,674 (1,629, 1,656, 1,657, 1,671) *2,010 Average Single Family Home List Price: $344,051 ($334k,$313k,$331k,$324k) *$349k Average Single Family Home Selling Price: $337,433 ($326k,$303k,$324k,$315k) *$336k Single Family Home Sale to List Ratio This Week: 98% (98%, 97%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$286k,$290k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 78 (69, 79, 66, 76) *93 Condo Stats Active Condos: 298 (259, 261, 254, 242) *370 Average Condo Listing Price: $225,900 ($229k, $266k, $293k, $307k) *$277k Average Condo Selling Price: $215,000 ($221k, $256k, $285k, $295k) *$266k Condo Sale to List Ratio This Week: 95% (95%, 96%, 97%, 96%) 96% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $230,000 ($231k, $232k, $232k, $230k) *$233k Average Days on Market Condos: 108 (93, 71, 60, 102) *80 Active Vacant Lots: 932 (911, 920, 918, 900) *980 Market Rant And we're off! Finally! All it took was a snow storm for the inventory to take off! I'm sure that wasn't planned, it just so happened that mother nature had other ideas last week. All tracked products increased this week, with condo's making the largest percentage gain. Despite the frigid temps and hazardous conditions, properties moved this week without much variation from the previous few weeks. If anything, there was actually a few more than we saw at the beginning of February, which just goes to show that sometimes even blizzards can't halt progress. Single largest addition week of the year so far, but those listings were met with a positive reception and open arms of buyers, especially those who have been looking for a while. The expired/cancelled pool is still quite low this week, but we haven't hit the Spring market yet and it's still quite early in the year, so the expectation is that those numbers will remain low as long as the market performs the way it has been. With the Winter finally winding down, the Spring market is next up on the docket, and I for one am interested to see which direction things go. Stay tuned to stay up to date, and thanks for stopping by! The Weekly Adogtable! Yvor is a typical bull dog but with an adorable quirky neurological condition that makes his mannerisms seem uncoordinated. Weighing only 42 lbs, this boy is petite but makes up for it in personality. Good with cats and dogs with proper introductions. Has been around horses and kids. Suspected food allergy from being fed poor diet and needs a good teeth cleaning. Loly is a female aged 6 years old with medium energy. She is spayed, microchipped , vaccinated and on parasite prevention. Loving temperament and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food. Yvor has a barely detectable heart murmur (2/6) like lots of bull dogs and boxers typically have. He is learning basic obedience and is happy-go-lucky pup that just wants to meet everyone he sees. 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 February 21st - February 28th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 189 (218, 248, 250, 175) *325 Sold: 111 (129, 114, 119, 94) *129 Sale To Listing Ratio: 59% (59%, 46%, 48%, 54%) *40% Price Changes: 82 (81, 80, 103, 75) *125 Listings that went conditional/pending: 167 (135, 153, 133, 133) *164 Expired/Cancelled/Withdrawn: 54 (69, 75, 168, 98) *139 Total Active Halifax/Dartmouth Inventory: 3,075 (3,117, 3,096, 3,074, 3,091) +3,620 Absorption Rate in weeks: 26 (27, 30, 33, 38) *33 Single Family Home Stats Active Single Family Home: 1,629 (1,656, 1,657, 1,671, 1,648) *1,961 Average Single Family Home List Price: $334,205 ($313k,$331k,$324k,$237k) *$336k Average Single Family Home Selling Price: $325,928 ($303k,$324k,$315k,$349k) *$322k Single Family Home Sale to List Ratio This Week: 98% (97%, 98%, 97%, 98%) *96% Median Single Family Home List Price (6 mo): $289,900 ($286k,$290k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$280,250 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 69 (79, 66, 76, 77) *73 Condo Stats Active Condos: 259 (261, 254, 242, 241) *366 Average Condo Listing Price: $229,009 ($266k, $293k, $307k, $231k) *$227k Average Condo Selling Price: $220,627 ($256k, $285k, $295k, $227k) *$221k Condo Sale to List Ratio This Week: 96% (96%, 97%, 96%, 98%) 97% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $231,250 ($232k, $232k, $230k, $232k) *$232k Average Days on Market Condos: 93 (71, 60, 102, 120) *47 Active Vacant Lots: 911 (920, 918, 900, 942) *973 Market Rant Looks like we are heading in the opposite direction again. After two short weeks of marginal inventory gain, this weeks reduction pretty much erased what little increase there was. All tracked products reduced this week, with single family homes being the most significant. Could it be the lack of new products added this week, the relentless sales, the weather? Whatever it is, 2019 has started off on a very unusual note, with no clear indication that things are about to change back anytime soon. Speaking of unrelenting sales, it looks like another chunk of products are about to switch over to the sale pile according to the listings that went conditional/pending this week. So, despite the frosty blast of winter this week, the market here in Halifax remains red hot. Expired listings are down quite significantly this week compared to last year at this time as well, which comes as no surprise since things are flying off the shelves. Not even the Spring market and it has basically been performing like it since the beginning of the year. It will be interesting to see what the Spring market actually brings! Stay tuned to find out! Thanks for stopping by! The Weekly Adogtable! Dobby was found as a stray. He is tolerant with touching all over, is crate trained, and barks to greet you. He is excited with other dogs, but has a fearful disposition of strangers. Dobby is playful and affectionate once he gets to know you, but is anxious and fearful of new things. We often see this with dogs who need confidence boosts, which will be worked on while he is in our care. His new family will need to build his trust and confidence as well. Dobby pulls on his leash (a freedom harness will help with this) and is selective with toys. This "cuddly companion" is available through Marleys Hope, 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 February 14th - February 21st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 218 (248, 250, 175, 193) *240 Sold: 129 (114, 119, 94, 92) *105 Sale To Listing Ratio: 59% (46%, 48%, 54%, 48%) *44% Price Changes: 81 (80, 103, 75, 61) *106 Listings that went conditional/pending: 135 (153, 133, 133, 120) *160 Expired/Cancelled/Withdrawn: 69 (75, 168, 98, 88) *69 Total Active Halifax/Dartmouth Inventory: 3,117 (3,096, 3,074, 3,091, 3,122) +3,606 Absorption Rate in weeks: 27 (30, 33, 38, X) *48 Single Family Home Stats Active Single Family Home: 1,656 (1,657, 1,671, 1,648, 1,670) *1,934 Average Single Family Home List Price: $313,098 ($331k,$324k,$237k,$330k) *$334k Average Single Family Home Selling Price: $303,327 ($324k,$315k,$349k,$297k) *$297k Single Family Home Sale to List Ratio This Week: 97% (98%, 97%, 98%, 90%) *96% Median Single Family Home List Price (6 mo): $285,450 ($290k,$289k,$289k,$285k)*$277k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$270k)*$270k Average Days on Market Single Family Home: 79 (66, 76, 77, 65) *87 Condo Stats Active Condos: 261 (254, 242, 241, 246) *368 Average Condo Listing Price: $265,906 ($293k, $307k, $231k, $255k) *$250k Average Condo Selling Price: $255,753 ($285k, $295k, $227k, $241k) *$243k Condo Sale to List Ratio This Week: 96% (97%, 96%, 98%, 95%) 97% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $232,000 ($232k, $230k, $232k, $230k) *$232k Average Days on Market Condos: 71 (60, 102, 120, 77) *69 Active Vacant Lots: 920 (918, 900, 942, 945) *981 Market Rant Another slight increase in the inventory, no thanks to the single family home product. Seems as though condo and vacant land increases helped slightly, but it's quite hard to get inventory gain with such a high performing sales market. One of the most impressive figures to watch week over week thus far is the absorption rate, which is plummeting at a record pace. From last year at this time to now, there is a five month slash to sell all products at this rate if the inventory stopped today. Currently, it would take just under seven months to sell off everything currently active on the market, where last year would have taken an entire year. That's a fairly substantial marker for such a small window, and it seems to be getting lower with each passing week. With the cooling of the weather and the white stuff making an appearance, it will be interesting to see if has a reciprocal effect on the market. I think there may be a small impact, but I don't think this train is stopping at the station any time soon. Stay tuned to the blog to find out how things shape up, and thanks for stopping by! The Weekly Adogtable! Chyna is as beautiful as they come. She is a lover who just wants to hang out with her humans and snuggle. She enjoys walking, carrying around her toys and eating treats. She loves to sit in front of the window and watch people go by. She is non-reactive with other dogs outside however should be an only pet and would benefit from socialization. The ideal home would be older children (12+) and someone who likes to cuddle. This "cuddly companion" is available through Marleys Hope, 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 February 7th - February 14th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 248 (250, 175, 193, 220) *276 Sold: 114 (119, 94, 92, 72) *99 Sale To Listing Ratio: 46% (48%, 54%, 48%, 33%) *36% Price Changes: 80 (103, 75, 61, 90) *103 Listings that went conditional/pending: 153 (133, 133, 120, 122) *125 Expired/Cancelled/Withdrawn: 75 (168, 98, 88, 87) *88 Total Active Halifax/Dartmouth Inventory: 3,096 (3,074, 3,091, 3,122, 3,139) +3,605 Absorption Rate in weeks: 30 (33, 38, X, X) *34 Single Family Home Stats Active Single Family Home: 1,657 (1,671, 1,648, 1,670, 1,692) *1,932 Average Single Family Home List Price: $330,852 ($324k,$237k,$330k,$378k) *$304k Average Single Family Home Selling Price: $323,826 ($315k,$349k,$297k,$366k) *$297k Single Family Home Sale to List Ratio This Week: 98% (97%, 98%, 90%, 97%) *98% Median Single Family Home List Price (6 mo): $289,500 ($289k,$289k,$285k,$285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$270k,$280k)*$268k Average Days on Market Single Family Home: 66 (76, 77, 65, 76) *110 Condo Stats Active Condos: 254 (242, 241, 246, 249) *365 Average Condo Listing Price: $293,018 ($307k, $231k, $255k, $285k) *$284k Average Condo Selling Price: $285,118 ($295k, $227k, $241k, $284k) *$276k Condo Sale to List Ratio This Week: 97% (96%, 98%, 95%, 99%) 97% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $239k) *$238k Median Condo Sold Price (6 mo): $232,000 ($230k, $232k, $230k, $230k) *$230k Average Days on Market Condos: 60 (102, 120, 77, 114) *58 Active Vacant Lots: 918 (900, 942, 945, 936) *982 Market Rant Alright, we finally have inventory gain! Condo's had a good increase, so to did vacant lots, but the star of the show (single family homes) decreased yet again this week. Not the news current buyers of that product are likely wanting to read, but sellers on the other hand likely welcome it. Certainly slim pickings out there right now in many areas, and the peninsula is basically unavailable in certain areas and price points. The market is still buzzing too, which means it's unlikely that things will get any better for buyers in the near future. Just take a look at the number of properties that went pending this week and how quickly the absorption rate is dropping, all signs leading to a continued sellers market. Single family home average days on market continued to drop again this week, which isn't really a surprise given how quickly things are moving. Values overall are reporting strong as well, and much higher (around 10%) than last year at this time. Also reflective of the market, since multiple offers and quick sales are commanding buyers to pay close to, or at listing price. In some cases, well over the asking price, which is something unheard of in Halifax. Shaping up to be an interesting year already, so make sure to stay tuned to the blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable! On the hunt for your perfect valentine? Hawking is sure to steal your heart! This young fella is a smart, driven and playful charmer who really has a way with the ladies. At first, he may come off a little indifferent, but with a hearty play sesh and some TLC, he'll be sliding his way into your dm's, and your home, in no time! Hawking would thrive in a home with consistency and lots of love. He loves having a job to do and is quick to pick up new tricks - although, he knows quite a few already. He gets along great with other dogs and children over 5, but would prefer to have no kitties in the home. . 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 January 31st - February 7th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 250 (175, 193, 220, 223) *289 Sold: 119 (94, 92, 72, 64) *101 Sale To Listing Ratio: 48% (54%, 48%, 33%, 29%) *35% Price Changes: 103 (75, 61, 90, 86) *89 Listings that went conditional/pending: 133 (133, 120, 122, 105) *89 Expired/Cancelled/Withdrawn: 168 (98, 88, 87, 94) *155 Total Active Halifax/Dartmouth Inventory: 3,074 (3,091, 3,122, 3,139, 3,133) +3,553 Absorption Rate in weeks: 33 (38, X, X, X) *36 Single Family Home Stats Active Single Family Home: 1,671 (1,648, 1,670, 1,692, 1,683) *1,903 Average Single Family Home List Price: $323,853 ($237k,$330k,$378k,$359k) *$323k Average Single Family Home Selling Price: $315,215 ($349k,$297k,$366k,$350k) *$311k Single Family Home Sale to List Ratio This Week: 97% (98%, 90%, 97%, 98%) *96% Median Single Family Home List Price (6 mo): $289,250 ($289k,$285k,$285k,$285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$270k,$280k,$279k)*$270k Average Days on Market Single Family Home: 76 (77, 65, 76, 108) *95 Condo Stats Active Condos: 242 (241, 246, 249, 253) *359 Average Condo Listing Price: $306,554 ($231k, $255k, $285k, $236k) *$221k Average Condo Selling Price: $295,081 ($227k, $241k, $284k, $229k) *$216k Condo Sale to List Ratio This Week: 96% (98%, 95%, 99%, 97%) 98% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $239k, $235k) *$239k Median Condo Sold Price (6 mo): $230,2500 ($232k, $230k, $230k, $225k) *$233k Average Days on Market Condos: 102 (120, 77, 114, 112) *87 Active Vacant Lots: 900 (942, 945, 936, 936) *963 Market Rant Alright folks, we're going backwards! For the third consecutive week there is another inventory reduction, which is certainly unusual for this time of year. Big inventory falloff this week was vacant land, posting a 45 unit reduction. Single family homes had a marginal gain, and condos also had a one point gain, so it would seem the massive land slide would be the main factor in this weeks inventory reduction. Still, previous weeks had various products contributing to the decline of inventory, which again, should be increasing at this point. This week did feel a bit different though. There was a good amount of new listings this week, so that was a bit different, but activity seemed to be down just slightly overall. Bit higher than expected price changes, so maybe we are leaning back to the market of 2012, where listings started to come to market a bit overpriced to see if there was any takers. Not hard to guess how that went! Although markets tend to fluctuate, Haligonians, and most certainly Nova Scotians in general, are not about to get caught up in overinflation, or overpaying (mostly). I've touched on this throughout the years, and it is clear through the stats that Nova Scotians tend to wait out prices to sustain the marginal value increase year to year. Even in the most dire market conditions, sellers have a tendency to hang on, if possible, and on the other side of that coin, buyers are reluctant to overpay, even in a sellers market. I think it's an amazing trait, and one that keeps us less susceptible to huge market variations, and a bit easier to predict how things will trend. Never know though, so make sure to stay tuned to the blog to stay on top of all things Halifax real estate! Thanks for stopping by! The Weekly Adogtable Hunter is a ~2 year old neutered male amstaff/shepard mix. He would prefer a home with children 16 years and older. Obedience is an recommended choice for his new owner(s). Hunter needs to go to a home with no other animals. He is a hyper boy who does not respect the space of others. Hunter is a young ball of energy. He enjoys going for walks, running in the backyard, and playing with toys. He is very eager to learn new tricks everyday, with some treats as motivation of course. Hunter is looking for an active home because he is always on the go and rarely takes a break. Help Hunter burn off some energy and take him for a walk today. This "cuddly companion" is available through the NSSPCA, 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 January 23rd - January 31st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 175 (193, 220, 223) *199 Sold: 94 (92, 72, 64) *123 Sale To Listing Ratio: 54% (48%, 33%, 29%) *62% Price Changes: 75 (61, 90, 86) *84 Listings that went conditional/pending: 133 (120, 122, 105) *131 Expired/Cancelled/Withdrawn: 98 (88, 87, 94) *148 Total Active Halifax/Dartmouth Inventory: 3,091 (3,122, 3,139, 3,133) +3,521 Absorption Rate in weeks: 38 (X, X, X) *X Single Family Home Stats Active Single Family Home: 1,648 (1,670, 1,692, 1,683) *1,891 Average Single Family Home List Price: $356,742 ($330k, $378k, $359k) *$308k Average Single Family Home Selling Price: $349,353 ($297k, $366k, $350k) *$298k Single Family Home Sale to List Ratio This Week: 98% (90%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $288,500 ($285k, $285k, $285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($270k, $280k, $279k)*$268k Average Days on Market Single Family Home: 77 (65, 76, 108) *91 Condo Stats Active Condos: 241 (246, 249, 253) *348 Average Condo Listing Price: $231,522 ($255k, $285k, $236k) *$266k Average Condo Selling Price: $227,822 ($241k, $284k, $229k) *$263k Condo Sale to List Ratio This Week: 98% (95%, 99%, 97%) 99% Median Condo List Price (6 mo): $239,900 ($240k, $239k, $235k) *$239k Median Condo Sold Price (6 mo): $232,000 ($230k, $230k, $225k) *$235k Average Days on Market Condos: 120 (77, 114, 112) *83 Active Vacant Lots: 942 (945, 936, 936) *954 Market Rant Yet another reduction week, this time it's even more! Now, we aren't taking huge chunks of inventory, but even seeing 31 less products on the market after a week in January is a bit of a surprise. It appears as though single family homes were mostly responsible with the reduction, which is no surprise as things continue to fly off the shelves. Even though weather conditions continue to degrade, it doesn't appear as if it's bad enough to stop sellers from getting on the market, or buyers from getting out there to have a look. That being said, we haven't had the annual snow smash (yet), which may or may not slow the momentum of the market. It just seems that when the snow dump does finally come around, sellers get a bit more hesitant to show their home, and buyers get less interested in trudging around it. It also makes it harder to gauge exterior condition of a property, and for inspectors to take a really detailed look. Snow covers things like shingles, foundations, garbage, and hides other possible issues that may have been discovered without it. It does however help discover possible water intrusion issues, but a good rain storm in the middle of the Summer could accomplish the same thing. In any case, it hasn't arrive yet, and I know personally, I wouldn't mind if it just stayed away! Stay tuned to keep up to date with our ever changing market, and thanks for stopping by! The Weekly Adogtable Meet Prince Charming. This big boy is a giant sweetheart and will melt your heart. He does like his toys a little too much and will need to work on his sharing and because of this he will need a family with children 10yrs and older. Due to his "extra" sized body, he does need to work on his figure and get ready for spring. Prince is a ~6 year old neutered male Rottweiler/Shepard mix. He would prefer a home with children 10 years and older. Obedience is an optional choice for his new owner(s). Prince needs to live in a home with no cats. This "cuddly companion" is available through the NSSPCA, 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 January 17th - January 23rd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 193 (220, 223) *263 Sold: 92 (72, 64) *78 Sale To Listing Ratio: 48% (33%, 29%) *30% Price Changes: 61 (90, 86) *116 Listings that went conditional/pending: 120 (122, 105) *139 Expired/Cancelled/Withdrawn: 88 (87, 94) *75 Total Active Halifax/Dartmouth Inventory: 3,122 (3,139, 3,133) +3,534 Absorption Rate in weeks: X (X, X) *X Single Family Home Stats Active Single Family Home: 1,670 (1,692, 1,683) *1,937 Average Single Family Home List Price: $329,895 ($378k, $359k) *$297k Average Single Family Home Selling Price: $296,825 ($366k, $350k) *$275k Single Family Home Sale to List Ratio This Week: 90% (97%, 98%) *93% Median Single Family Home List Price (6 mo): $284,900 ($285k, $285k)*$275k Median Single Family Home Sold Price (6 mo):$279,00 ($280k, $279k)*$269k Average Days on Market Single Family Home: 65 (76, 108) *108 Condo Stats Active Condos: 246 (249, 253) *349 Average Condo Listing Price: $254,900 ($285k, $236k) *$276k Average Condo Selling Price: $240,750 ($284k, $229k) *$267k Condo Sale to List Ratio This Week: 95% (99%, 97%) 97% Median Condo List Price (6 mo): $239,450 ($239k, $235k) *$240k Median Condo Sold Price (6 mo): $230,250 ($230k, $225k) *$239k Average Days on Market Condos: 77 (114, 112) *139 Active Vacant Lots: 945 (936, 936) *918 Market Rant Full steam ahead!! Definitely no indications that our market here in Halifax any intention of slowing, in fact, it looks like more coal is being tossed on the fire! In unusual fashion, inventory actually reduced this week, that's right...reduced! Usually, this is something we might see from time to time as an anomaly, or possibly the end/first of the month listing renew/expiry exchange, but we are 3/4 the way through the month, so its a bit odd. The contributing factors to this reduction was an above average sales week (for the time of year), coupled with a lower than average addition of new listings. With listings flying of the market at this time, it wasn't much of a surprise to see the average time from list to sale shrink to new lows as well. Not very good news for the buyers out there, or those just about to step into the ring. Good news for sellers in several key areas though, who still seem quite surprised by the markets current environment. Strap in your seatbelts and hold on tight, I think this year is going to be a wild ride! Make sure to stop in to the blog to stay on top of things, and don't hesitate to reach out if you have any questions about buying or selling in the current market by clicking HERE. Thanks for stopping by! The Weekly Adogtable Meet Cali! Cali is a ~5 year old spayed female amstaff/shepard mix. She would prefer a home with children 12 years and older. Obedience is an optional choice for her new owner(s). Cali needs to go to an only animal home. Are you looking for a high energy dog? Then Cali is the dog for you. She loves to play fetch and just about any other activity that keeps her busy. Cali would like to spend most of her time with someone around due to her separation anxiety. She is a very sweet, intelligent girl looking for an active home which she can share with her new "parents" and just her. If you want to take Cali for a walk, you will be surely making her day! This "cuddly companion" is available through the NSSPCA, 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 January 10th - January 17th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 220 (223) *263 Sold: 72 (64) *78 Sale To Listing Ratio: 33% (29%) *30% Price Changes: 90 (86) *116 Listings that went conditional/pending: 122 (105) *139 Expired/Cancelled/Withdrawn: 87 (94) *75 Total Active Halifax/Dartmouth Inventory: 3,139 (3,133) +3,534 Absorption Rate in weeks: X (X) *X Single Family Home Stats Active Single Family Home: 1,692 (1,683) *1,937 Average Single Family Home List Price: $378,097 ($359k) *$297k Average Single Family Home Selling Price: $365,658 ($350k) *$275k Single Family Home Sale to List Ratio This Week: 97% (98%) *93% Median Single Family Home List Price (6 mo): $284,900 ($285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($279k)*$269k Average Days on Market Single Family Home: 76 (108) *108 Condo Stats Active Condos: 249 (253) *349 Average Condo Listing Price: $285,073 ($236k) *$276k Average Condo Selling Price: $283,734 ($229k) *$267k Condo Sale to List Ratio This Week: 99% (97%) 97% Median Condo List Price (6 mo): $239,000 ($235k) *$240k Median Condo Sold Price (6 mo): $230,000 ($225k) *$239k Average Days on Market Condos: 114 ()112 *139 Active Vacant Lots: 936 (936) *918 Market Rant Here we go again? It's very early in the year and things tend to be a bit unpredictable, but market activity in the HRM is wild right now (especially on the peninsula). January does tend to have a surge of activity annually, which tends to cool off when the white stuff flies, but I'm not so sure this year is going to follow along. Right now, buyers in the market are in a "need to see right away" mode, because if they don't get in, chances are they will miss out! There was a decent amount of new listings this week, but the overall inventory reported a measly 6 product gain, and condo's actually reduced this week! If things keep going in this direction, buyers will have an even harder time finding the right fit, so that many more compromises might have to be made on the wants list to secure a property. Still, it is very early in the year, and things can got in either direction, but for now it's a feeding frenzy out there and new listings are chumming the waters. Things could change rapidly, so make sure to stop by to check into the blog to stay on top of the market, or contact me with any questions! Thanks for stopping by! The Weekly Adogtable Tundra is a ~3 year old spayed female amstaff mix. She would prefer a home with children 16 years and older. Obedience is an optional choice for her new owner(s). Tundra needs to go to an only animal home. Tundra is a beautiful amstaff mix looking for a quiet home that she can be the only child of. She enjoys going for walks, and snuggling up on a bed for some "beauty" rest. Tundra is eager to learn new tricks since she knows what the reward is around here (yummy treats!) If you would like to walk Tundra today, please inquire with the front desk staff! This "cuddly companion" is available through the NSSPCA, 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 January 3rd - January 10th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 223 () *151 Sold: 64 () *55 Sale To Listing Ratio: 29% () *36% Price Changes: 86 () *93 Listings that went conditional/pending: 105 () *77 Expired/Cancelled/Withdrawn: 94 () *100 Total Active Halifax/Dartmouth Inventory: 3,133 () +3,487 Absorption Rate in weeks: X () *X Single Family Home Stats Active Single Family Home: 1,683 () *2.053 Average Single Family Home List Price: $358,940 () *$355k Average Single Family Home Selling Price: $350,122 () *$310k Single Family Home Sale to List Ratio This Week: 98% () *87% Median Single Family Home List Price (6 mo): $284,800 ()*$280k Median Single Family Home Sold Price (6 mo):$278,900 ()*$268k Average Days on Market Single Family Home: 108 () *96 Condo Stats Active Condos: 253 () *325 Average Condo Listing Price: $235,920 () *$266k Average Condo Selling Price: $228,893 () *$258k Condo Sale to List Ratio This Week: 97% () 97% Median Condo List Price (6 mo): $235,000 () *$239k Median Condo Sold Price (6 mo): $225,000 () *$235k Average Days on Market Condos: 112 () *92 Active Vacant Lots: 936 () *904 Market Rant Looks like some seller may have caught the news of the hot market, as we reported higher than average new listing additions this week, and well over the reported stat from last year at this time. The burning question from last year still remains, will the buyer surge continue on into this new year. All signs point to yes, with new listings enjoying above average viewings and multiple offers, sparking continued buyer frustration. Quite the stark market environment from a short three years ago, going from the highest inventory HRM has ever seen, to the lowest in over a decade. If you didn't see the 2018 market year in review, I would highly encourage a quick look (scroll down) to see the market change from a balanced one in areas, to a sellers market in several. January does tend to be a bit busy out of the gate, but ends up softening a little when the full brunt of Winter comes calling. Still, I'm not sure if the icy chill of the approaching cold months are enough to cool this market. Time will tell, so make sure to keep in touch to find out! Thanks for stopping by! The Weekly Adogtable Beautiful Bella is the definition of fun! She is always down for a a quick run around in the yard and then some snuggles. Bella would be best in a home with children no younger than 16 and no other animals. This "cuddly companion" is available through the NSSPCA, 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 |
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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