Halifax (HRM) Residential Statistic Update for the Week of January 18th - January 25th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 254  (263, 151, 141, 160) *265
Sold:  97  (78, 55, 112, 96) *96
Sale To Listing Ratio: 38% (30%, 36%, 79%, 43%) *36%
Price Changes: 84 (116, 93, 53, 73) *109
Listings that went conditional/pending: 130 (139, 77, 94, 109)  *101
Expired/Cancelled/Withdrawn:  65 (75, 100, 163, 116) *101
Total Active Halifax/Dartmouth Inventory:  3,580  (3,534, 3,487, 3,676, 3,781) +4,171
Absorption Rate in weeks:  X ( X, X, 32, 33)  *54

Single Family Home Stats
Active Single Family Home: 1.947 (1,937, 2,053, 1,988, 2,061) *2,423
Average Single Family Home List Price:  $331,946 ($297k,$355k,$330k,$334k) *$286k
Average Single Family Home Selling Price:  $321,357 ($275k,$310k,$317k,$321k)  *$273k
Single Family Home Sale to List Ratio This Week: 97%  (93%, 87%, 96%, 96%) *96%
Median Single Family Home List Price (6 mo): $274,900 ($275k,$280k,$279k,$279k)*$280k
​Median Single Family Home Sold Price (6 mo): $268,500 ($269k,$268k,$270k,$270k)*$269k
Average Days on Market Single Family Home: 94 (108, 96, 77, 69) *92

Condo Stats
Active Condos:  348  (349, 325, 355, 369) *406
Average Condo Listing Price:  $237,935 ($276k, $266k, $249k, $249k) *$272k
Average Condo Selling Price: $230,600 ($267k, $258k, $240k, $242k) *$266k
Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%)  98%
Median Condo List Price (6 mo): $239,000 ($240k, $239k, $244k, $249k) *$230k
Median Condo Sold Price (6 mo): $233,500 ($239k, $235k, $249k, $240k) *$222k
Average Days on Market Condos: 54 (139, 92, 98, 97) *97

Active Vacant Lots: 954  (918, 904, 961, 964) *1,099

Market Rant 
Still stumbling out of the gate, but much like the week prior there was a bit of interruption from mother nature and some extreme weather for a few days. Regardless, the week did turn out to be a good one, and very similar to this time last year. One of the biggest differences from this year to last is the overall inventory count, which is reporting much lower this year. Values overall and Buyer activity are up this week, so if the sun can keep shining, we should see some additional improvement next week! Don't forget to check out the 2017 annual market wrap up by scrolling down, and be sure to check in to the blog to stay on top of the market here in Halifax! Thanks for stopping by!

The Weekly Adogtable!
Meet PETEY. He has been examined and is on parasite protection until March. Good with Kids and other dogs. Very calm and quiet so prefers well mannered dogs. Extremely loving. No resource guarding issues and enjoys his walks and walks well. He is a real couch potato and cuddler. Not very interested in toys and is currently living with a foster dog. They are best buddies. 
​
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE

VIEWPOINT REALTY

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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 11th - January 18th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 263  (151, 141, 160, 246) *225
Sold:  78  (55, 112, 96, 116) *82
Sale To Listing Ratio: 30% (36%, 79%, 43%, 47%) *36%
Price Changes: 116 (93, 53, 73, 116) *106
Listings that went conditional/pending: 139 (77, 94, 109, 103)  *100
Expired/Cancelled/Withdrawn:  75 (100, 163, 116, 341) *124
Total Active Halifax/Dartmouth Inventory:  3,534  (3,487, 3,676, 3,781, 3,836) +4,106
Absorption Rate in weeks:  X ( X, 32, 33, 31)  *66

Single Family Home Stats
Active Single Family Home: 1.937 (2,053, 1,988, 2,061, 2,119) *2,388
Average Single Family Home List Price:  $297,415 ($355k,$330k,$334k,$305k) *$304k
Average Single Family Home Selling Price:  $275,164 ($310k,$317k,$321k,$296k)  *$293k
Single Family Home Sale to List Ratio This Week: 93%  (87%, 96%, 96%, 97%, 97%) *96%
Median Single Family Home List Price (6 mo): $275,000 ($280k,$279k,$279k,$279k)*$280k
​Median Single Family Home Sold Price (6 mo): $269,100 ($268k,$270k,$270k,$270k)*$270k
Average Days on Market Single Family Home: 108 (96, 77, 69, 94) *117

Condo Stats
Active Condos:  349  (325, 355, 369, 374) *393
Average Condo Listing Price:  $275,732($266k, $249k, $249k, $257k) *$220k
Average Condo Selling Price: $267,293 ($258k, $240k, $242k, $247k) *$209k
Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 96%)  95%
Median Condo List Price (6 mo): $239,450 ($239k, $244k, $249k, $246k) *$230k
Median Condo Sold Price (6 mo): $239,000 ($235k, $249k, $240k, $239k) *$225k
Average Days on Market Condos: 139 (92, 98, 97, 65) *126

Active Vacant Lots: 918  (904, 961, 964, 958) *1,084

Market Rant 
Not really the burst out of the gate that might have been anticipated, but it's still early. I imagine the entrance of Winter has stifled some would be buyers from trekking out, and also paused would be sellers from attempting the market. Certainly, there were a few days last week that most of the city hunkered down, so volume of activity is less expectant. especially during those times. Getting into it, however, there was a healthy amount of new additions this week (up from last year at this time), and an average amount of sales for the time of year. It will definitely be sketchy over the next few weeks, and Winter months are always a roll of the dice when it comes to predictability. It really comes down to mother nature, and just how strict or lenient she is given the day.  In any case, it's always good to stay on top of the changing market, which can happen quickly, and that means staying tuned to the blog for all your Halifax real estate needs. Don't forget to check out the 2017 year in review by scrolling down, and thank you for stopping by!

The Weekly Adogtable!
Meet lovable Loly! She was spayed, microchipped and vaccinated months ago.  Loly is a female aged 5 years old with medium energy Spay, microchipped , vaccinated and on parasite prevention. Loving temperment 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. kids yes but school aged ideal because she is used to that age and may forget not to jump up . Loving temperment ,Thinks she is a lap dog. no cats and no dogs becomes too excited Pulls on leash if she sees a bird ect due to a prey drive but, on her gentle leader things are better. knows basic commands, sit, down, refocuses on handler when unsure Is crate trained but totally trustworthy uncrated.
​
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE

LET ME HELP YOU OUT!
​Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!

2017 was a market year that capitalized on the momentum driven from the late 2016 market push. The result, an interesting market year indeed.

One of the biggest stories of the year was the reduction of inventory. From the record highs of 2015, who knew that just a couple years later that the inventory would be reporting its lowest levels since 2012. There were several contributing factors to this reduction, including fewer listings to market and more active buyers, which certainly helped. Because of these factors, many buyers found themselves with less selection, higher competition, and overall, more of a challenge to find the right property.

Slow and steady wins the race. While the Halifax real estate market doesn't have a Vegas stye market as seen in other parts of the country (looking at you Vancouver!), we do see a more reliable and consistent one. Values overall see small surges from time to time, but ultimately, we are known for slow and steady growth. This even holds true in poor sales years like 2015, where sales were reporting lower than ever and inventory was at record highs, but there was still an increase in property value. 2017 carried this added value to the slow gain market, and beat out every past year, except for September. Hopefully, 2018 can be counted on to carry on with this trend.

2017 was a great year for sales. Somewhat of a slow starter, but when it ignited, the market burned hot well into the winter. The second half of the year reported stronger than ever, and bested many years in overall sales. Where 2015 had high inventory and low sales, 2017 had exactly the opposite. 2017 also witnessed the change in market categories from a Buyers market to a more balanced market. There are certainly some areas of the HRM that have actually tipped into the Sellers market category, especially if priced appropriately. You could feel the turn out there on the front lines, but seeing the overall impact statistically really brings it home. 

So 2017 turned out to be the turnaround year for HRM, and a welcomed change for many from the doldrums of the 2013-15 years. Much like 2016 provided the 2017 market year, 2017 is handing the momentum torch to a new year, which has already started on a hot foot. Make sure to stay tuned to the blog, to keep an eye on the market and see if 2018 will continue the turnaround, or if 2017 was a one and done. Thanks for stoping 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!

Halifax (HRM) Residential Statistic Update for the Week of January 4th - January 11th, 2018

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 151  (141, 160, 246, 191) *254
Sold:  55  (112, 96, 116, 134) *66
Sale To Listing Ratio: 36% (79%, 43%, 47%, 70%) *26%
Price Changes: 93 (53, 73, 116, 107) *107
Listings that went conditional/pending: 77 (94, 109, 103, 127)  *83
Expired/Cancelled/Withdrawn:  100 (163, 116, 341, 105) *133
Total Active Halifax/Dartmouth Inventory:  3,487  (3,676, 3,781, 3,836, 4,057) +4,105
Absorption Rate in weeks:  X (32, 33, 31, 32)  *64

Single Family Home Stats
Active Single Family Home: 2,053 (1,988, 2,061, 2,119, 2,256) *2,402
Average Single Family Home List Price:  $355,309 ($330k,$334k,$305k,$319k) *$319k
Average Single Family Home Selling Price:  $310,214 ($317k,$321k,$296k,$311k)  *$319k
Single Family Home Sale to List Ratio This Week: 87%  (96%, 96%, 97%, 97%, 95%) *96%
Median Single Family Home List Price (6 mo): $279,893 ($279k,$279k,$279k,$279k)*$280k
​Median Single Family Home Sold Price (6 mo): $268,232 ($270k,$270k,$270k,$270k)*$270k
Average Days on Market Single Family Home: 96 (77, 69, 94, 90) *101

Condo Stats
Active Condos:  325  (355, 369, 374, 389) *383
Average Condo Listing Price:  $266,444($249k, $249k, $257k, $261k) *$206k
Average Condo Selling Price: $258,422 ($240k, $242k, $247k, $231k) *$197k
Condo Sale to List Ratio This Week: 97% (96%, 97%, 96%, 88%)  96%
Median Condo List Price (6 mo): $239,000 ($244k, $249k, $246k, $245k) *$230k
Median Condo Sold Price (6 mo): $235,000 ($249k, $240k, $239k, $236k) *$225k
Average Days on Market Condos: 92 (98, 97, 65, 83) *92

Active Vacant Lots: 904  (961, 964, 958, 1,016) *1,173

Market Rant 
Happy New Year everyone! 2018 is sure to be an exciting and unpredictable year in the Halifax Real Estate Market! Numbers are still a bit skewed this week, but we will press on none the less! New listings are significantly down from this time last year, but sales are also marginally down. It just seems that activity overall is a bit less from the previous year, but again, this is the beginning of the market year so things are certain to change, right? There is a 2017 breakdown ready to be reported, and I hope you tune in to see how we did overall last year. Short and sweet, but thank you for tuning into the blog for all developing Halifax real estate news and stats! Thanks for stopping by!

The Weekly Adogtable!
Hope is a 2 year old female,  cat and dog friendly when properly introduced to calm dogs, very dog friendly. She is nervous of strangers so we are seeking a home for her kid free so a single person or couple would be ideal.  Hope is on Brovecto and vaccinated. She will be spay and microchipped in January. There has been a 6 week wait period for her spay because it was obvious she had given birth when found as a stray and was still lactating.​

This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE

LET ME HELP YOU OUT!
​Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!