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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Price Changes: 75 (61, 90, 86) *84 Listings that went conditional/pending: 133 (120, 122, 105) *131 Expired/Cancelled/Withdrawn: 98 (88, 87, 94) *148 Total Active Halifax/Dartmouth Inventory: 3,091 (3,122, 3,139, 3,133) +3,521 Absorption Rate in weeks: 38 (X, X, X) *X Single Family Home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 Come along as we explore some of the market variables that certainly made 2018 a year to remember! As far as the average sales numbers go, you won't be clutching the edge of your seat in anticipation of how it reported last year, but it's still interesting. Usually, this is a statistic that has become an "ol faithful" year to year, reporting marginal gain annually despite the market environment, and 2018 was no exception to this trend. As you can see from the chart above, there was a few months that battled back and forth with 2017, but 2018 won the match overall. Last year capped out with the highest selling month value in April at a few dollars shy of $314,000, but fell short of besting 2017, which reported over $317,000 in the peak month of May.  As you can see from the above chart, the race to the top of the sales month is quite consistent year over year as well. Of course, some years do better than others, but the overall trend stays the same. The peak sales hump generally runs from mid/late April to late July/mid August, and is usually met with an inventory level that absorbs the fluctuation with ease. I say usually, but 2018 was a bit different, however I don't wasn't to get too far ahead of myself. Last year faired really well in the sales ring, and I believe it would have done that much better if there was inventory to meet the activity. Still, 2018 beat several of the tracked years overall, and reported stronger than 2017, which was also a good sales year. Peak sales capped out just over 700 units in May, but was again bested by 2017 which reported a mere 4 units more overall.  This chart should come as no surprise to all the buyers of 2018, or the readers of my blog, but inventory overall ghosted us last year. With the solid sales report (above) reporting higher than the last several years, the lack of new property additions coupled with the surge in buyer activity made the purchasing landscape difficult to navigate. 2018 started with the lowest overall inventory in over a decade, and continued that trend for the rest of the year. So, as I alluded to in the sales report, the inventory additions were not enough to keep up with the demand. It begs the question of what will transpire in this new year should the activity stay the same. The 2018 Halifax real estate market year was a year that started off as a balanced market in many areas, but quickly turned to a sellers market in several key neighbourhoods. Just to put it into perspective how drastically the market has changed in the last few years, we went from the highest inventory ever reported on the blog in August of 2015, to the lowest inventory level in in over a decade in a short 3 year span...pretty amazing. 2019 should prove to be another interesting year to follow, with the big question being; boom or bust? Make sure to check in to find out, starting with the weekly market rant returning on Thursday. 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!  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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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