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Halifax (HRM) Residential Market Statistic Update for the Week of January 19th-26th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 265 (225, 254, 218, 59) *290 Sold: 96 (82, 66, 65, 36) *104 Sale To Listing Ratio: 36% (36%, 26%, 30%, 61%) *36% Price Changes: 109 (106, 107, 83, 36) *134 Listings that went conditional/pending: 101 (100, 83, 57, 37) *135 Expired/Cancelled/Withdrawn: 101 (124, 133, 476, 103) *139 Total Active Halifax/Dartmouth Inventory: 4,171 (4,106, 4,105, 4,081, 4,343) *4,244 Absorption Rate in weeks: 54 (66, 64, 58, 56) *62 Single Family Home Stats Active Single Family Home: 2,423 (2,388, 2,402, 2,387, 2,521) *2,752 Average Single Family Home List Price: $285,418 ($304k, $319k, $365k, $331k) *$249k Average Single Family Home Selling Price: $272,578 ($293k, $306k, $352k, $330k) *$241k Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 97%, 99%) *97% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$225k Median Single Family Home Sold Price (6 months): $269,250 ($270, $270k, $270k, $270k) *$223k Average Days on Market Single Family Home: 92 (117, 101, 111, 112) *107 Condo Stats Active Condos: 406 (393, 383, 396, 425) *376 Average Condo Listing Price: $271,758($220k, $206k, $291k, $575k) *$236k Average Condo Selling Price: $266,108 ($209k, $198k, $281k, $538k) *$227k Condo Sale to List Ratio This Week: 98% (95%, 96%, 97%, 94%) 96% Median Condo List Price (6 months): $229,900 ($230k, $230k, $235k, $235k) *230k Median Condo Sold Price (6 months): $222,200 ($225k, $225k, $226k, $225k) *217k Average Days on Market Condos: 97 (126, 92, 99, 91, 131) *95 Active Vacant Lots: 1,099 (1,084, 1,173, 1,150, 1,126) *887 Market Rant Spring is in the air, or so it would seem. Maybe the lack of snow and cold temperatures have tricked people into thinking it's actually April, but there is definitely a Spring vibe in the market to kick off the new year. Buying inquiries are up, listing inquires are up, and so is the overall inventory across the board. The only thing that is down, it would seem, is the absorption rate which fell quite dramatically this week. A few anomaly weeks to end 2016 and start 2017 have given a bit of a marker for this to happen, but the absorption rate made a significant reduction as we rally toward the "real" stats of the year. I guess we will have to wait and see if it holds. All in all we lead off the year on a good note, and it will be interesting to see if we finally take the momentum from early 2016 and run with it. You will have to stay tuned to find out! Thanks for stopping by!  Just look at that face! WEEKLY ADOPTABLE Harriet is a keen, beautiful lady prepared to build a bond with a family who has lots of time to commit to a companion. She is a very loving girl but does have some behavioural issues that need to be addressed. Her adoption requirements are as follows: -Children over the age of 12. -A home free of other pets. -A family that is not away from home for long periods of time due to separation anxiety. -Enrolment in obedience classes is mandatory upon adoption. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, 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!  The ViewPoint Realty Interactive Property Map 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. 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 Market Statistic Update for the Week of January 12th-19th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 225 (254, 218, 59, 145) *274 Sold: 82 (66, 65, 36, 90) *68 Sale To Listing Ratio: 36% (26%, 30%, 61%, 62%) *25% Price Changes: 106 (107, 83, 36, 49) *136 Listings that went conditional/pending: 100 (83, 57, 37, 57) *137 Expired/Cancelled/Withdrawn: 124 (133, 476, 103, 191) *128 Total Active Halifax/Dartmouth Inventory: 4,106 (4,105, 4,081, 4,343, 4,394) *4,228 Absorption Rate in weeks: 66 (64, 58, 56, 47) *62 Single Family Home Stats Active Single Family Home: 2,388 (2,402, 2,387, 2,521, 2,556) *2,755 Average Single Family Home List Price: $304,433 ($319k, $365k, $331k, $314k) *$261k Average Single Family Home Selling Price: $293,327 ($306k, $352k, $330k, $298k) *$252k Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 99%, 95%) *97% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$247k Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $270k, $270k) *$243k Average Days on Market Single Family Home: 117 (101, 111, 112, 97) *137 Condo Stats Active Condos: 393 (383, 396, 425, 435) *361 Average Condo Listing Price: $220,113 ($206k, $291k, $575k, $228k) *$231k Average Condo Selling Price: $209,278 ($198k, $281k, $538k, $217k) *$220k Condo Sale to List Ratio This Week: 95% (96%, 97%, 94%, 95%) 95% Median Condo List Price (6 months): $229,900 ($230k, $235k, $235k, $235k) *230k Median Condo Sold Price (6 months): $224,900 ($225k, $226k, $225k, $225k) *215k Average Days on Market Condos: 126 (92, 99, 91, 131, 106) *110 Active Vacant Lots: 1,084 (1,173, 1,150, 1,126, 1,134) *886 Market Rant Not an uncommon sight to see the inventory levels fluctuate up and down week to week, especially at the start of the year. There can be events that trigger higher or lower activity from week to week, and those can be as simple as a snow storm or as complicated as new mortgage rules. As we advance to the Spring market things still look in good shape. New listings are fairly average for this time of year, as are sales, which is why we didn't really see a budge in the overall inventory count. Values remain steady to kick of 2017, and no new major market statistic changes have been reported this week. The absorption rate is a bit higher than last year at this time, but if you have been following the blog since that time, the end of 2015 really set up a solid footing for the beginning of the 2016 market year, so it's a hard month to compete against Those stats can be found below, if interested, by simply scrolling down below last weeks market report. Looking forward to see what the rest of the winter season brings, and you'll have to stay tuned to the blog to follow along as well! Thanks for stopping by!  Don't let the name fool you, he won't get into too much mischief ;) WEEKLY ADOPTABLE Loki is a young, handsome boy searching for a new home. This spunky boy has a ton of energy and he can't wait to release it with his new family! He is quite mouthy and jumpy, so he'll need some guidance on how to behave like a true pup but with some training this should take no time as he's super smart. Loki would be best suited in a home: -Free of other animals, both dogs and cats. -Children over the age of 12. -Highly active (runs, 2+ walks a day, hikes, dog sport). -Proof of registration in obedience classes is required prior to adoption. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, 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!  The ViewPoint Realty Interactive Property Map 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. 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 Market Statistic Update for the Week of January 5th-12th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 254 (218, 59, 145, 115) *261 Sold: 66 (65, 36, 90, 89) *70 Sale To Listing Ratio: 26% (30%, 61%, 62%, 77%) *27% Price Changes: 107 (83, 36, 49, 96) *133 Listings that went conditional/pending: 83 (57, 37, 57, 81) *96 Expired/Cancelled/Withdrawn: 133 (476, 103, 191, 121) *119 Total Active Halifax/Dartmouth Inventory: 4,105 (4,081, 4,343, 4,394, 4,394) *4,234 Absorption Rate in weeks: 64 (58, 56, 47, 45) * Single Family Home Stats Active Single Family Home: 2,402 (2,387, 2,521, 2,556, 2,556) *2,771 Average Single Family Home List Price: $318,979 ($365k, $331k, $314k, $286k,) *$295k Average Single Family Home Selling Price: $306,184 ($352k, $330k, $298k, $274k) *$282k Single Family Home Sale to List Ratio This Week: 96% (97%, 99%, 95%, 96%) *95% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$240k Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $270k, $270k) *$235k Average Days on Market Single Family Home: 101 (111, 112, 97, 118) *127 Condo Stats Active Condos: 383 (396, 425, 435, 435) *357 Average Condo Listing Price: $206,212 ($291k, $575k, $228k, $235k) *$257k Average Condo Selling Price: $197,537 ($281k, $538k, $217k, $222k) *$242k Condo Sale to List Ratio This Week: 96% (97%, 94%, 95%, 95%) 94% Median Condo List Price (6 months): $230,000 ($235k, $235k, $235k, $230k) *230k Median Condo Sold Price (6 months): $225,000 ($226k, $225k, $225k, $224k) *225k Average Days on Market Condos: 92 (99, 91, 131, 106, 63) *114 Active Vacant Lots: 1,173 (1,150, 1,126, 1,134, 1,134) *882 Market Rant Bit of a shaky start to the new market year, but we are off and running! Overall inventory levels across the board have made their first climb since late in the third quarter of 2016. This is a usual occurrence however, that will eventually peak in the the very early Summer months, and taper back down to the low counts around this time of year (usually). The market is unpredictable however, and one or two major events could send us soaring to new heights, or spiralling down to new lows. I prefer the prior, but I'm also a realist. The stats look quite similar to last year at this time, which isn't a bad thing. We had a great start to the year in 2016, and if you have seen the annual report (below), you will see that the year started out like a lion, but ended like a lamb. Here's to hoping that 2017 in an "all lion" year. Thanks for stopping by, and make sure to check out the annual market report, which can be found by scrolling down..  Let's bee friends! WEEKLY ADOPTABLE Harriet is a keen, beautiful lady prepared to build a bond with a family who has lots of time to commit to a companion. Her adoption requirements are as follows: - Children over the age of 12 - A home free of other pets - A family that is not away from home for long periods of time - Enrollment in obedience classes is mandatory upon adoption This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, 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. 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 2016 carried the momentum that the end of 2015 provided, but seemed to have tapered off into the winter months. Solid reports though, but definitely room for continued improvement.  The inventory reports for 2016 stayed pretty much in line with 2013, which was a decent year, but not one of the best ones we've seen in the last 6 years. 2015 reversed the increasing trend, and that carried though to the end of 2016 but not as much as hoped. New additions week to week reported less then the previous few years, and with more buyer activity early in the year this stat was expected to improve more then it did. But the vacancy of buyers in the second half of the market year kept the inventory from decreasing to its potential bottom.  Sale values usually see an upward trend year over year, and 2016 was no exception. Although the values started low in January, they picked back up the following month and continued to maintain their heights for the remainder of the year. It's a slow gain market here in Halifax, with average gains of 1-5% respectively, and it's good to see this holds steady regardless of the other influencing market factors.  What started out as a promising sales year quickly turned average by around the midpoint of the year. Although July usually sees the rapid decline of sales activity, 2016 experienced a rather steep drop which caused a report lower then the previous 5 years. Sales did recover a bit in August however, and continued to report averagely for the remainder of the year but I can't help to think how the market would have reported if the inventory numbers reported closer to the 2014/15 market years. My guess is that it wouldn't be good. But that wasn't the case, and hopefully buyers are back out in full force in 2017. So a mixed year indeed, but one that saw recovery in some aspects and gains in others. The big note for 2016 is that the record inventory heights being reported during the 2014/15 market years was put back in line, and for the most part, stayed that way. We ended the year just below the inventory levels of 2015, but just barely. The last half of sales really took a toll on the remaining year, and I'm curious how this activity will affect 2017. Stay tuned to the blog to keep track of the market year, and stay informed with all things Halifax real estate. Thanks for stopping by! 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!  The ViewPoint Realty Interactive Property Map 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. 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 Market Statistic Update for the Week of December 29th 2016-January 5th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 218 (59, 145, 115, 194) *252 Sold: 65 (36, 90, 89, 96) *53 Sale To Listing Ratio: 30% (61%, 62%, 77%, 50%) *21% Price Changes: 83 (36, 49, 96, 116) *133 Listings that went conditional/pending: 57 (37, 57, 81, 99) *75 Expired/Cancelled/Withdrawn: 476 (103, 191, 121, 385) *706 Total Active Halifax/Dartmouth Inventory: 4,081 (4,343, 4,394, 4,394, 4,554) *4,195 Absorption Rate in weeks: 58 (56, 47, 45, 43) * Single Family Home Stats Active Single Family Home: 2,387 (2,521, 2,556, 2,556, 2,690) *2,747 Average Single Family Home List Price: $364,623 ($331k, $314k, $286k, $299k) *$340k Average Single Family Home Selling Price: $352,108 ($330k, $298k, $274k) *$321k Single Family Home Sale to List Ratio This Week: 97% (99%, 95%, 96%, 96%) *95% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$239k Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $270k, $271k) *$238k Average Days on Market Single Family Home: 111 (112, 97, 118, 90) *151 Condo Stats Active Condos: 396 (425, 435, 435, 449) *349 Average Condo Listing Price: $291,075 ($575k, $228k, $235k, $274k) *$310k Average Condo Selling Price: $281,125 ($538k, $217k, $222k, $260k) *$283k Condo Sale to List Ratio This Week: 97% (94%, 95%, 95%, 95%) 91% Median Condo List Price (6 months): $234,900 ($235k, $235k, $230k, $230k) *214k Median Condo Sold Price (6 months): $226,250 ($225k, $225k, $224k, $222k) *202k Average Days on Market Condos: 99 (91, 131, 106, 63, 74) *209 Active Vacant Lots: 1,150 (1,126, 1,134, 1,134, 1,137) *874 Market Rant Happy New Year everyone! As we put another year in the books, it will be one to look back on and reflect the progress that the market made in 2016. We witnessed some ups and downs, new mortgage rules, interest rate fluctuations and various other influencing factor changes. Overall though, the 2016 market saw the return of the buyer, which was a welcome change from recent years. It also saw an unusal listing reluctance from sellers, or some other factor(s) that kept property additions lower than recent years. So far, the market year has reported averagely, with overall activity starting the slow recovery from the holiday season. All activity across the board is up this week, and in usual fashion, there was a ton of inventory that came off the market. This could be listing contracts that set to expire on the 1st of January, but the big question with these products is if they will end up returning to market to try again this year. Annually, January has a bit of an activity surge, then tapers off when winter has its full grip on the city. The overall inventory gap as narrowed at this point, but if things continue on the same trajectory as last year, we should see that gap widen even more this year. You'll have to stay tuned to see how 2017 turns out! Any predictions? Thanks for stopping by!  Are you a contender for Champ? WEEKLY ADOPTABLE We simply can't believe that we have had no interest in this handsome boy. Champ is neuteted and vaccinated and although bilingual, he responds best to French commands. He tries to talk which is adorable. He loves fetch and affection and his walks.He is crate trained and very eager to please and picks up on things quickly. He is not destructive. We are seeking a home without cats and children.10 + because he has not been socialized around young kids. Champ can be Dog selective but with proper introduction, could be your best friend. He has lived with another dog . If you think Champ would make a great addition to your family This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, 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!  The ViewPoint Realty Interactive Property Map 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. 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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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