|
Halifax (HRM) Residential Statistic Update for the Week of September 13th-20th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 280 (227, 208, 294, 255) *272 Sold: 167 (141, 126, 147, 146) *143 Sale To Listing Ratio: 60% (62%, 61%, 50%, 57%) *53% Price Changes: 163 (161, 143, 158, 153) *218 Listings that went conditional/pending: 176 (165, 135, 179, 158) *165 Expired/Cancelled/Withdrawn: 111 (89, 201, 142, 113) *130 Total Active Halifax/Dartmouth Inventory: 4,026 (4,031, 4,027, 4,194, 4,200) +4,602 Absorption Rate in weeks: 28 (29, 27, 26, 26) *33 Single Family Home Stats Active Single Family Home: 2,283 (2,288, 2,287, 2,392, 2,410) *2,833 Average Single Family Home List Price: $303,463 ($336k,$333k,$318k,$314k) *$298k Average Single Family Home Selling Price: $294,677 ($323k,$323k,$308k,$303k) *$290k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 96%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$289k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$282k,$281k,$281k)*$270k Average Days on Market Single Family Home: 56 (67, 66, 69, 71) *69 Condo Stats Active Condos: 328 (330, 331, 357, 379) *413 Average Condo Listing Price: $322,447 ($254k, $256k, $287k, $277k) *$244k Average Condo Selling Price: $313,852 ($244k, $249k, $282k) *$231k Condo Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($221k,$223k, $221k, $221k) *$230k Average Days on Market Condos: 105 (122, 74, 118, 132) *82 Active Vacant Lots: 1,067 (1,069, 1,067, 1,084, 1,060) *1,126 Market Rant Well that was a quick change! A couple of days ago I was looking for ways to cool down, and this week I'm scrambling for a coat! I can't complain though, the Summer weather was awesome this year, just like our market! Even though the temps outside seem to be cooling off, that doesn't seem to be translating to the market here in Halifax. Yet again, numbers are up in key areas like sales, listings that received and accepted offers, and the sales to list ratio, but are also down in the other key areas of improvement like inventory, days on market, and funny enough, the absorption rate. Activity is still strong overall, and the 2018 Summer market is almost in the books. It appears that it wants to squeeze every last possible moment it can though, and I'm sure this will be a Summer for the books. Stay tuned to find out! Thanks for stopping by! The Weekly Adogtable! Lance (or Sir Lancelot, if you like) is a sweet boy ready steal your heart! Despite having a rough start to life, he knows how to bring a smile to your face with his goofy antics, and he aims to impress with the tricks he knows. This charmer is very affectionate with his people, though another established dog in the household could be just what Lance needs to learn how to be the best pup he can be. Registration in obedience classes is encouraged for his new family. Lance would be best suited to a home: -With or without other animals -With children over the age of 12 years 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 September 6th-13th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (208, 294, 255, 241) *322 Sold: 141 (126, 147, 146, 167) *156 Sale To Listing Ratio: 62% (61%, 50%, 57%, 69%) *48% Price Changes: 161 (143, 158, 153, 165) *222 Listings that went conditional/pending: 165 (135, 179, 158, 130) *180 Expired/Cancelled/Withdrawn: 89 (201, 142, 113, 68) *121 Total Active Halifax/Dartmouth Inventory: 4,031 (4,027, 4,194, 4,200, 4,213) +4,637 Absorption Rate in weeks: 29 (27, 26, 26, 25) *33 Single Family Home Stats Active Single Family Home: 2,288 (2,287, 2,392, 2,410, 2,420) *2,874 Average Single Family Home List Price: $336,224 ($333k,$318k,$314k,$301k) *$284k Average Single Family Home Selling Price: $323,292 ($323k,$308k,$303k,$292k) *$276k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%,97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($289k,$289k,$289k,$287k)*$279k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$281k,$281k,$280k)*$270k Average Days on Market Single Family Home: 67 (66, 69, 71, 66) *78 Condo Stats Active Condos: 330 (331, 357, 379, 377) *412 Average Condo Listing Price: $253,862 ($256k, $287k, $277k, $247k) *$220k Average Condo Selling Price: $244,293 ($249k, $282k, $267k) *$209k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 98%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($223k, $221k, $221k, $223k) *$230k Average Days on Market Condos: 122 (74, 118, 132, 56) *117 Active Vacant Lots: 1,069 (1,067, 1,084, 1,060, 1,071) *1,133 Market Rant I'm starting to wonder if the lacking buyer activity is actually sellers market influenced, by the lack of inventory and selection out there? Although things are still moving along, there seems to be some supply issues in key product types and areas. The Halifax peninsula is an obvious, but the big shortage seems to be in the starter home price bracket, which ranges from $180-$250k (approx). This price range of inventory is not only being snapped up in the core areas, but well beyond and deep into the municipalities. Seems to be a buyer backlog at this price point, and one that has yet to see pressure relief. This time of year generally sees less activity and a declining inventory, but that generally means that buyers have less competition and more of a selection. Not this year. The sales to list ratio has been reporting significantly higher in the last few weeks compared to last year, and the cause seems to be the continued lack of new listings, coupled with solid sales numbers. The sellers market in the city has been felt this year for sure, and it appears as though the reach is starting to increase. Stay tuned to see what the Fall market will bring! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Otis! This lifelong bachelor is looking to enjoy his retirement years in a quiet home with a family who can give him the patience and and bonding time that he needs. Otis is famous at Homeward Bound for his "grumpy old man" personality, so a calmer environment would be just the ticket for this senior fella! Otis would be best suited to a home: -Without other pets -With children over the age of 12 years -No apartments 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 August 30th - September 6th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 208 (294, 255, 241, 309) *275 Sold: 126 (147, 146, 167, 176) *117 Sale To Listing Ratio: 61% (50%, 57%, 69%, 57%) *43% Price Changes: 143 (158, 153, 165, 198) *188 Listings that went conditional/pending: 135 (179, 158, 130, 219) *152 Expired/Cancelled/Withdrawn: 201 (142, 113, 68, 183) *94 Total Active Halifax/Dartmouth Inventory: 4,027 (4,194, 4,200, 4,213, 4,195) +4,615 Absorption Rate in weeks: 27 (26, 26, 25, 24) *33 Single Family Home Stats Active Single Family Home: 2,287 (2,392, 2,410, 2,420, 2,409) *2,861 Average Single Family Home List Price: $332,581 ($318k,$314k,$301k,$315k) *$290k Average Single Family Home Selling Price: $323,292 ($308k,$303k,$292k,$305k) *$278k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%,97%, 97%) *96% Median Single Family Home List Price (6 mo): $289,000 ($289k,$289k,$287k,$289k)*$280k Median Single Family Home Sold Price (6 mo):$282,000 ($281k,$281k,$280k,$281k)*$270k Average Days on Market Single Family Home: 66 (69, 71, 66, 88) *86 Condo Stats Active Condos: 331 (357, 379, 377, 381) *408 Average Condo Listing Price: $256,386 ($287k, $277k, $247k, $211k) *$241k Average Condo Selling Price: $248,920 ($282k, $267k, $208k) *$232k Condo Sale to List Ratio This Week: 97% (97%, 97%, 98%, 98%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $222,500 ($221k, $221k, $223k, $223k) *$230k Average Days on Market Condos: 74 (118, 132, 56, 100) *74 Active Vacant Lots: 1,067 (1,084, 1,060, 1,071, 1,055) *1,141 Market Rant September long weekend seems to have quite the impact on the annual market, and sets the unofficial signal fire to commence the Fall market. Several factors surround this time of year, which is likely some of the reasoning behind the lacking report. Summer holidays have come to an end, so parents have likely settled for the season while they prepare the kiddos for school, and with the last Summer long weekend behind us, I would anticipate a good amount of people tried to squeeze every last drop out of the season. Listings from the late Spring/early Summer market have waned, leaving some Sellers to make the decision to carry on or pull from the market. Ultimately, it's back to business for most, so you can bet on activity increasing, however, it might be a different kind and volume. My prediction is that we will see an Autumn unlike many of the years prior. The 2018 market year has been a lion, and I don't anticipate is going out like a lamb. The market is still buzzing, and several pockets of Sellers market still remain. Sure, we are down in activity this week, but I have a feeling things are about to surge yet again. Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Ronny is an energetic, playful dog with a heart of gold. He will require a family that can help him become the best version of himself - he needs to work on his manners and be shown how to be an awesome dog. An active family is a must as this guy enjoys being outdoors and always on the go! Ronny's ideal home: - With or without other dogs - With children over the age of 12 - Proof of registration in obedience classes is mandatory at the time of adoption If you're ready for adventure, drop by during our adoption viewing hours to meet Ronny! They are 2-6pm Monday through Friday and 12-3pm Saturdays and Sundays. 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 August 16th - 23rd, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 294 (255, 241, 309, 341) *298 Sold: 147 (146, 167, 176, 163) *151 Sale To Listing Ratio: 50% (57%, 69%, 57%, 48%) *51% Price Changes: 158 (153, 165, 198, 201) *189 Listings that went conditional/pending: 179 (158, 130, 219, 199) *149 Expired/Cancelled/Withdrawn: 142 (113, 68, 183, 90) *94 Total Active Halifax/Dartmouth Inventory: 4,194 (4,200, 4,213, 4,195, 4,273) +4,817 Absorption Rate in weeks: 26 (26, 25, 24, 23) *33 Single Family Home Stats Active Single Family Home: 2,392 (2,410, 2,420, 2,409, 2,452) *2,974 Average Single Family Home List Price: $317,972 ($314k,$301k,$315k,$325k) *$268k Average Single Family Home Selling Price: $307,806 ($303k,$292k,$305k,$316k) *$259k Single Family Home Sale to List Ratio This Week: 97% (96%,97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $289,000 ($289k,$287k,$289k,$289k)*$280k Median Single Family Home Sold Price (6 mo):$280,900 ($281k,$280k,$281k,$280k)*$270k Average Days on Market Single Family Home: 69 (71, 66, 88, 61) *75 Condo Stats Active Condos: 357 (379, 377, 381, 384) *420 Average Condo Listing Price: $287,000 ($277k, $247k, $211k, $227k) *$259k Average Condo Selling Price: $282,000 ($267k, $208k, $220k) *$250k Condo Sale to List Ratio This Week: 97% (97%, 98%, 98%, 97%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($221k, $223k, $223k, $221k) *$232k Average Days on Market Condos: 118 (132, 56, 100, 81) *101 Active Vacant Lots: 1,084 (1,060, 1,071, 1,055, 1,068) *1,196 Market Rant Has momentum shifted again? As we approach the end of the Summer market, there are several things that might be influencing some of the stats. Leftover products from the late Spring months might finally be in retreat, buyers and sellers are out to enjoy the last minutes of their holiday time before getting back to the grind, or simply, it may be time to relax on the hammock. The thing is, activity has actually ramped up once again, and you can feel the wind in the sails of the Halifax real estate market yet again! Although most of the stats may take a little time to catch up, one of the biggest indicators is the amount of properties that received and accepted offers, reflected in the conditional/pending stat. This too can be confirmed by myself, and peers, who have seen the inquiries and showing numbers inflate in quick fashion. Still lots of time left in the Summer market, and I know I will be interested to see how things settle out. Make sure to stay tuned to the blog to find out how things shape up! Thanks for stopping by, and don't forget to hit the like button at the end of the blog! The Weekly Adogtable Meet Dixie! Needs a spay. Vaccinated. Needs to lose weight. Ok with touching all over. Nervous in her kennel, barks but a cage is new to her and she is settling. Friendly with everyone. Doesn’t show interest in cats. Will go meet other dogs, she will be playful or independent depending on the other dog. Pulls on leash( don't they all)? Nervous with loud noises or fast movements in a shelter environment respectful of dogs and highly adoptable. 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 butHalifax (HRM) Residential Statistic Update for the Week of August 9th - 16th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 255 (241, 309, 341, 359) *284 Sold: 146 (167, 176, 163, 182) *154 Sale To Listing Ratio: 57% (69%, 57%, 48%, 51%) *54% Price Changes: 153 (165, 198, 201, 249) *229 Listings that went conditional/pending: 158 (130, 219, 199, 207) *184 Expired/Cancelled/Withdrawn: 113 (68, 183, 90, 112) *131 Total Active Halifax/Dartmouth Inventory: 4,200 (4,213, 4,195, 4,273, 4,233) +4,778 Absorption Rate in weeks: 26 (25, 24, 23, 22) *32 Single Family Home Stats Active Single Family Home: 2,410 (2,420, 2,409, 2,452, 2,446) *2,956 Average Single Family Home List Price: $314,070 ($301k,$315k,$325k,$332k) *$292k Average Single Family Home Selling Price: $302,760 ($292k,$305k,$316k,$323k) *$278k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) *95% Median Single Family Home List Price (6 mo): $289,000 ($287k,$289k,$289k,$289k)*$280k Median Single Family Home Sold Price (6 mo):$280,700 ($280k,$281k,$280k,$280k)*$271k Average Days on Market Single Family Home: 71 (66, 88, 61, 55) *82 Condo Stats Active Condos: 379 (377, 381, 384, 392) *423 Average Condo Listing Price: $276,446 ($247k, $211k, $227k, $236k) *$266k Average Condo Selling Price: $268,940 ($243k, $208k, $220k, $226k) *$258k Condo Sale to List Ratio This Week: 97% (98%, 98%, 97%, 96%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $235k) *$242k Median Condo Sold Price (6 mo): $221,000 ($223k, $223k, $221k, $225k) *$230k Average Days on Market Condos: 132 (56, 100, 81, 117) *82 Active Vacant Lots: 1,060 (1,071, 1,055, 1,068, 1,018) *1,173 Market Rant In an strange plot twist, sales actually reported lower this week compared to last year. Not a huge impact however, as listings reported lower this week, so they somewhat balanced themselves out. This year has been trucking along, smashing last years stats to pieces for the most part, but the second half of the year so far has somewhat limped along. Still early in the second half however, so I wouldn't count the remaining market year out quite yet. It wasn't just sales that hit a wall this week either, as buyer activity across the board is down for the second week in a row. Inventory reduced this week however, but the large gap between the 2017 and 2018 market year remains steady, hovering just under the 600 product mark. That number has fluctuated throughout the year, and at this time, we are slightly edging out the beginning of the year, which was reporting over a 600 product difference. The big edge the 2018 market year holds is the absorption rate, reporting 6 weeks better than last year. Although, if you take the sales pace of this year compared to last years inventory there is only a 3 week gap. Interesting times indeed! Is the 2017 market year due for a comeback? You'll have to stay tuned to find out! Thanks for stopping by, and don't forget to hit the like button at the bottom of this weeks post! The Weekly Adogtable Dodger is a active pup who is ready to take on the world and the hiking trails! He would love nothing better than to set the pace, so he would thrive best with an active family who can keep up with him. Dodger is eager to learn and aims to please. While he is typically polite when greeting new doggy friends, he also tends to get excitable and a bit pushy, so he could benefit from learning some social cues with other pets who are willing to put up with him! Dodger would do best in a home environment: -With or without other pets -With children over the age of 7 years Dodger's adoption is by appointment only. To schedule an appointment, send us an email at adoptions@citypound.ca 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 August 2nd - 9th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 241 (309, 341, 359, 335) *287 Sold: 167 (176, 163, 182, 174) *140 Sale To Listing Ratio: 69% (57%, 48%, 51%, 52%) *49% Price Changes: 165 (198, 201, 249, 206) *196 Listings that went conditional/pending: 130 (219, 199, 207, 175) *151 Expired/Cancelled/Withdrawn: 68 (183, 90, 112, 229) *115 Total Active Halifax/Dartmouth Inventory: 4,213 (4,195, 4,273, 4,233, 4,225) +4,804 Absorption Rate in weeks: 25 (24, 23, 22, 22) *32 Single Family Home Stats Active Single Family Home: 2,420 (2,409, 2,452, 2,446, 2,457) *2,974 Average Single Family Home List Price: $301,438 ($315k,$325k,$332k, $308k) *$310k Average Single Family Home Selling Price: $292,384 ($305k,$316k,$323k,$299k) *$302k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 96%) *97% Median Single Family Home List Price (6 mo): $286,999 ($289k,$289k,$289k,$290k)*$280k Median Single Family Home Sold Price (6 mo):$280,000 ($281k,$280k,$280k,$280k)*$271k Average Days on Market Single Family Home: 66 (88, 61, 55, 69) *70 Condo Stats Active Condos: 377 (381, 384, 392, 408) *440 Average Condo Listing Price: $246,950 ($211k, $227k, $236k, $212k) *$276k Average Condo Selling Price: $243,000 ($208k, $220k, $226k, $204k) *$271k Condo Sale to List Ratio This Week: 98% (98%, 97%, 96%, 96%) 98% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $235k, $235k) *$235k Median Condo Sold Price (6 mo): $222,700 ($223k, $221k, $225k, $225k) *$225k Average Days on Market Condos: 56 (100, 81, 117, 69) *82 Active Vacant Lots: 1,071 (1,055, 1,068, 1,018, 994) *1,158 Market Rant I can tell you what most people weren't doing this holiday weekend...buying property! haha. Even listing activity was down, but that slash in buyer activity with an 89 point drop was significant. It was a perfect weekend for weather, and lots of great activities around the province to check out, so it's no doubt that a bump like this is likely to occur every once in awhile. Oddly enough, this week also witnessed a turn-around in the inventory department. Both vacant land and single family home amounts increased, which in turn sent the overall inventory level back up! Strange times indeed, since we are usually in a downward trend around this time of year. It is still a busy market, although the pace has seems to be trending downwards, but all that can change with a few weeks of activity in either direction. You'll have to stay tuned to the blog to find out how the rest of the Summer reports! Thanks for stopping by, and don't forget to hit the like button at the end of the post :) The Weekly Adogtable Paddy is a happy-go-lucky boy with a heart of gold and a sparkling personality. He prefers people to toys and would love to take you for a walk outdoors. He shows his affection through licks and grunts which just adds to the cuteness! Paddy still needs to work on his manners so his future family should be committed to working with him or enrolling him in obedience classes. Paddy's ideal home: - With children over the age of 10 - With or without other animals Paddy's adoption is by appointment only. To schedule an appointment, send us an email at adoptions@citypound.ca This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Halifax (HRM) Residential Statistic Update for the Week of July 26th - August 2nd, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 309 (341, 359, 335, 306) *307 Sold: 176 (163, 182, 174, 217) *142 Sale To Listing Ratio: 57% (48%, 51%, 52%, 71%) *46% Price Changes: 198 (201, 249, 206, 190) *196 Listings that went conditional/pending: 219 (199, 207, 175, 220) *191 Expired/Cancelled/Withdrawn: 183 (90, 112, 229, 80) *290 Total Active Halifax/Dartmouth Inventory: 4,195 (4,273, 4,233, 4,225, 4,273) +4,805 Absorption Rate in weeks: 24 (23, 22, 22, 21) *30 Single Family Home Stats Active Single Family Home: 2,409 (2,452, 2,446, 2,457, 2,479) *2,968 Average Single Family Home List Price: $314,644 ($325k,$332k, $308k,$335k) *$325k Average Single Family Home Selling Price: $305,260 ($316k,$323k, $299k,$323k) *$314k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 96%, 96%) *97% Median Single Family Home List Price (6 mo): $289,000 ($289k,$289k,$290k,$290k)*$280k Median Single Family Home Sold Price (6 mo):$280,900 ($280k,$280k,$280k,$280k)*$272k Average Days on Market Single Family Home: 88 (61, 55, 69, 58) *81 Condo Stats Active Condos: 381 (384, 392, 408, 424) *451 Average Condo Listing Price: $210,950 ($227k, $236k, $212k, $239k) *$280k Average Condo Selling Price: $207,500 ($220k, $226k, $204k, $229k) *$270k Condo Sale to List Ratio This Week: 98% (97%, 96%, 96%, 96%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $235k, $235k, $238k) *$235k Median Condo Sold Price (6 mo): $222,700 ($221k, $225k, $225k, $228k) *$225k Average Days on Market Condos: 100 (81, 117, 69, 87) *68 Active Vacant Lots: 1,055 (1,068, 1,018, 994, 998) *1,158 Market Rant Between the natural inventory reduction and the elevated sales stats as of late, products seem to be reducing at a faster rate than normal. This time of year usually sees the overall inventory decline and continue that trend to the lowest point of the year (December), but at this rate, we will be out of products by the time that happens! Maybe not quite that bad, but it is a significant difference from the last few market years. As mentioned, sales continue the solid reporting this week, and so is the buyer activity. Values remain steady and the average time on market is holding fast as well. Hot weather and a hot market make a great pairing, with lots of excitement on the horizon as we crest the halfway point of the year and start our decent into the winter market months. Let's not think of that quite yet though, especially heading into the long weekend! Have a great one everybody, and make it count! Thanks for stopping by! The weekly Adogtable! Passion may be 8 years old but you would never know it after spending some time with her! She is high energy and a very loveable AmStaff mix who is seeking her forever home. The perfect place for her would have a big yard where she can run, play, or just hang out with her family. A home with children 16 and up would be best for Passion! She was surrendered to the shelter when her previous owners were no longer able to care for her. She joined by her son-Fury. Passion would prefer a home with no other animals. Passion loves everyone she meets! This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE 84 Rochdale Place |
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
Archives
August 2018
Categories
All
|
RSS Feed
Powered by
