Halifax (HRM) Residential Market Statistic Update For Week of Feb 21st to Feb 28th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  389 (334, 361, 365, 330) *427
Sold:  104 (87, 100, 78, 78) *166
Sale to List Ratio: 27% (26%, 24%, 27%, 24%) *39%
Expired/Cancelled/Withdrawn:  42  (99, 123, 87, 98) *140
*Total Active Halifax/Dartmouth Inventory:  4,045 (3,951, 3,876, 3,828, 3,749)
Active Single Family Home: 2652 (2576, 2519, 2480, 2427) *2286
Average Single Family Home List Price:  $276,882 ($306,974, $285,934, $301,393, $337,942) *289k
Average Single Family Home Selling Price:  $270,864 ($295,689, $272,071, $291,510, $326,260) *281k
Average Days on  Market Single Family Home: 110 (75, 97, 114, 136) *107
Active Condos:  312  (310, 301, 288, 272) *259
Average Condo Listing Price:  $216,223 ($273,928, $246,266, $291,922, $391,216) *240k
Average Condo Selling Price:  $208,300 ($266,042, $241,866, $288,133, $381,625) *236k
Average Days on Market Condos:  62 (40, 44, 76, 94, 125) *143
*Halifax/Dartmouth Absorption Rate (weeks):  47 (49, 53, 61.8, 70.6)

Another solid week on the market as we come close to closing out February. New listing additions reported below last years marker and the sales are significantly lower then last year this time as well. Inventory took a slight bump in all sectors, which is typical for this time of year as we approach the spring market. Both condo and single family home values took a hit in value from last week, and still remains lower then last year this time. So it sounds like it wasn't the greatest week on the market this week, but sales are still higher then they have been this year so far and the sales to list ratio made a 1% gain. The other good market indicator is the fact that the absorption rate declined again this week! A slow but steady recovery from our dismal record breaking last quarter and I anticipate that recovery to continue as we edge closer and closer to the spring. Make sure to stop by tomorrow for the monthly stats wrap up for February 2013. Thanks for stopping by!

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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A great change has occurred this week for the Blog and myself, we are headed over to ViewPoint Realty to join forces! With the most advanced and robust property search platform for Nova Scotia, ViewPoint Realty has the vision of the future and will be the allied support to usher in my modern approach to real estate transactions! If you are not familiar with ViewPoint Realty I would highly recommend a visit to the website to take a tour. You will find in depth property information, an easy property search platform and true real estate professionals to assist you with the purchase or sale of your property. Here's a little more information:

What is ViewPoint.ca?A real estate brokerage and a great web site.
We know consumers today want as much information online as possible. That's why we've built ViewPoint.ca. It's designed to answer most of your questions at your own pace, looking at as many properties as you like.

When it's time to get a bit more serious - such as to arrange a showing, ask more questions or list your property - ViewPoint Realty is there for you with qualified REALTORS® specially recruited to use modern tools you won't find anywhere else.

Largest selection of available listings in Nova Scotia
ViewPoint.ca is the most comprehensive source for information on Nova Scotia properties and listings, and the fastest growing local real estate website. We've got every single active MLS® listing in Nova Scotia, all 12,531 of them plus ViewPoint exclusive properties.

Users will be able to see new listings entered today (see them before they hit realtor.ca).

Take a look for yourself and you will see what the difference at ViewPoint Realty 

Halifax (HRM) Residential Market Statistic Update For Week of Feb 14th to Feb 21st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  334 (361, 365, 330, 394) *391
Sold:  86 (87, 100, 78, 78) *153
Sale to List Ratio: 26% (24%, 27%, 24%, 20%) *39%
Expired/Cancelled/Withdrawn:  99  (123, 87, 98, 136) *42
*Total Active Halifax/Dartmouth Inventory:  3,951 (3,876, 3,828, 3,749, 3,697)
Active Single Family Home: 2576 (2519, 2480, 2427, 2402) *2278
Average Single Family Home List Price:  $306,974 ($285,934, $301,393, $337,942, $291,321) *284k
Average Single Family Home Selling Price:  $295,689 ($272,071, $291,510, $326,260, $279,929) *276k
Average Days on  Market Single Family Home: 75 (97, 114, 136, 133) *117
Active Condos:  310  (301, 288, 272, 261) *249
Average Condo Listing Price:  $273,928 ($246,266, $291,922, $391,216, $331,385) *226k
Average Condo Selling Price:  $266,042 ($241,866, $288,133, $381,900, $322,707) *213k
Average Days on Market Condos:  40 (44, 76, 94, 125) *107
*Halifax/Dartmouth Absorption Rate (weeks):  49 (49, 53, 61.8, 70.6)

That was quite the compliment to be asked to provide my opinion on the Halifax real estate market by Global Maritimes news! (see below). One of the things that was briefly touched on but not fully covered was the Halifax Regional Police interactive mapping website. I think this site will be great tool to add to any real estate market research but could also have various counter effects that sellers may be wary of. Questions of market value being reduced based on the knowledge of crime in the neighbourhood may impair judgement or exclusion of a current home for sale based on that activity. For now, the map only has a maximum 7 day history so I can't imagine a direct impact on neighbourhoods based on such a short timespan. If they increase the history, say to 1 or 2 years, that may give grounds to drive prices down in some areas and up in others. A positive aspect of the map is that is gives homeowners a snapshot of what is currently going on in their neighbourhood. With frequent visits, homeowners will know what crimes are going on and may be more inclined to notice and report suspicious activity. Another positive factor is the aid to relocations and outside investors. With this tool they can get to know the areas of the city a little bit more without actually having to talk to a local.  I would love to hear your opinions on this matter by leaving comments below. 

Another solid week under Februarys belt. Pretty consistent with last week as the market makes its rebound from our 27% market drop that was discussed during the interview. Thanks for stopping by!

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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Halifax (HRM) Residential Market Statistic Update For Week of Feb 7th to Feb 14th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  361 (365, 330, 394, 331) *381
Sold:  87 (100, 78, 78, 58) *138
Sale to List Ratio: 24% (27%, 24%, 20%, 18%) *36%
Expired/Cancelled/Withdrawn:  123  (87, 98, 136, 82) *67
*Total Active Halifax/Dartmouth Inventory:  3,876 (3,828, 3,749, 3,697)
Active Single Family Home: 2519 (2480, 2427, 2402, 2342) *2264
Average Single Family Home List Price:  $285,934 ($301,393, $337,942, $291,321, $270,099) *282k
Average Single Family Home Selling Price:  $272,071 ($291,510, $326,260, $279,929, $264,910) *277k
Average Days on  Market Single Family Home: 97 (114, 136, 133, 100) *87
Active Condos:  301  (288, 272, 261, 239) *251
Average Condo Listing Price:  $246,266 ($291,922, $391,216, $331,385, $367,287) *244k
Average Condo Selling Price:  $241,866 ($288,133, $381,900, $322,707, $356,087) *237k
Average Days on Market Condos:  44 (76, 94, 125, 192) *143
*Halifax/Dartmouth Absorption Rate (weeks):  49 (53, 61.8, 70.6, 65.4)

Forward market momentum carries on this week with a healthy start to February. Not too much of a variance from last weeks report but a sure sign that things are starting to happen. Although the weather may have kept most buyers at bay for the last few weeks, there has still been a good amount of activity despite the lack of cooperation of mother nature. The sales to list ratio dropped a few points this week which didn't stop the absorption rate from falling again, thanks in part to a higher count of expired/cancelled/withdrawn listings and fewer new additions. Single family and condo values remain relatively strong with figures more reflective of last years prices. All in all, a slow but steady start to a year, by my guess, will prove to be an interesting one. Whats your thoughts? Make sure to scroll down and check out the monthly real estate statistics wrap up for January 2013. Thanks for stopping by!

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 property appraisal 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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Halifax (HRM) Residential Market Statistic Update For Week of Jan 31st to Feb 7th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  325 (361, 365, 330, 394) *353
Sold:  120 (87, 100, 78, 78) *160
Sale to List Ratio: 37% (24%, 27%, 24%, 20%) *45%
Expired/Cancelled/Withdrawn:  75  (123, 87, 98, 136) *66
*Total Active Halifax/Dartmouth Inventory:  3,895 (3,876, 3,828, 3,749, 3,697)
Active Single Family Home: 2547 (2519, 2480, 2427, 2402) *2233
Average Single Family Home List Price:  $253,491 ($301,393, $337,942, $291,321, $270,099) *260k
Average Single Family Home Selling Price:  $248,543 ($272,071, $291,510, $326,260, $279,929) *257k
Average Days on  Market Single Family Home: 90 (97, 114, 136, 133) *86
Active Condos:  297  (301, 288, 272, 261) *250
Average Condo Listing Price:  $223,937 ($246,266, $291,922, $391,216, $331,385) *264k
Average Condo Selling Price:  $216,121 ($241,866, $288,133, $381,900, $322,707) *259k
Average Days on Market Condos:  45 (44, 76, 94, 125) *76
*Halifax/Dartmouth Absorption Rate (weeks):  43.9 (49, 53, 61.8, 70.6)

Second week of February showed even better then the already positive start to the month last week, with gains in all important market factor sectors. New listing additions where lower then average and sales this week marked the largest this year so far, and over the past few months. Still  a few variations from last year, mainly the inventory count, and the sales to list ratio. But this time last year, the market pulse from the first wave of investor excitement from news of the shipbuilding contract had yet to fade, causing the break of many Halifax real estate market records. Still a very solid start to the year and it looks as though this time we are going to maintain the momentum, at least thats what has been predicted. I still believe its just a matter of time before one of the lowest national average median home priced provinces makes its jump. Whats your thoughts? Thanks for stopping!

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 property appraisal 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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


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Inventory starts off the year in healthy way. Not as low as we witnessed last year but hovering around the last few years averages. Look at January as the start of a slow climb up a tall mountain. Sellers plans should start now! 

Although we ended last year on a sour note in this department, sales in January had a strong end of month performance helping it off of the bottom rung. This statistic is married to the inventory and generally follows the same trend. More inventory= more selection= more sales.

Average sold price remains strong and if it follows general average trend, we should see an overall increased monthly value each month. Last year kept the overall increase being beat only by that anomaly December in of 2011. 





All in all not a bad start to the residential market year. Not the best start we have seen but its surely not the worst. I have a good feeling about this year and I think we will finally see some impact from the Irving shipbuilding contract as facility construction contracts come to fruition and workers start migrating to one of the greatest cities in Canada. There is lots of optimism going forward into the new market year, and I for one can't wait to see how things develop. Whats your thoughts/predictions about the Halifax real estate market this year? 

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 property appraisal 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 leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook :)


Newest blog post HERE

Halifax Real Estate