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Halifax (HRM) Residential Market Statistic Update for the Week of February 16th-23rd, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 212 (178, 290, 316, 265) 266 Sold: 103 (79, 91, 85, 96) *100 Sale To Listing Ratio: 49% (44%, 31%, 27%, 36%) *38% Price Changes: 86 (94, 137, 133, 109) *139 Listings that went conditional/pending: 114 (103, 131, 129, 101) *142 Expired/Cancelled/Withdrawn: 69 (73, 89, 191, 101) *77 Total Active Halifax/Dartmouth Inventory: 4,250 (4,217, 4,221, 4,172, 4,171) *4,303 Absorption Rate in weeks: 48 (48, 48, 51, 54) *45 Single Family Home Stats Active Single Family Home: 2,476 (2,472, 2,467, 2,434, 2,423) *2,777 Average Single Family Home List Price: $306,068 ($298k, $321k, $282k, $285k) *$281k Average Single Family Home Selling Price: $295,183 ($290k, $311k, $271k, $273k) *$270k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 96%) *96% Median Single Family Home List Price (6 months): $279,000 ($280k, $279k, $280k, $280k) *$272k Median Single Family Home Sold Price (6 months): $268,000 ($268k, $267k, $268k, $270k) *$265k Average Days on Market Single Family Home: 101 (75, 113, 113, 92) *90 Condo Stats Active Condos: 416 (409, 408, 398, 406, 393) *400 Average Condo Listing Price: $232,700 ($210k, $208k, $354k, $272k) *$277k Average Condo Selling Price: $227,490 ($203k, $198k, $345k, $266k) *$267k Condo Sale to List Ratio This Week: 98% (97%, 95%, 97%, 98%) 96% Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $230k) *191k Median Condo Sold Price (6 months): $220,000 ($221k, $222k, $223k, $222k) *186k Average Days on Market Condos: 141 (182, 178, 219, 97, 126) *121 Active Vacant Lots: 1,122 (1,098, 1,102, 1,099, 1,099) *903 Market Rant Looks like Sellers were still hibernating from the small, but vicious, winter Halifax was blasted with in the last couple of weeks. Certainly, with the weather improving and the sun starting to shine, Sellers will start planning their strategy on how to attack the selling market this year. Buyers are still actively on the search however, and it really didn't seem like the white stuff could keep them at bay from getting out there and adventuring through their home search. Activity was down this week overall compared to this time last year, but the sleepy market seems to be shaking off the snow piles, and emerging from the blanket of white with vigour. The lack of listing activity this week has stunted the inventory a bit, but I anticipate those stats will change in the coming weeks as we approach the most popular time to list...Spring! Single family home inventory is still reporting lower than this year last time, but the same can't be said about condos, which was the lower reporting inventory for a good chunk of the 2016 market year. With the weather heating up, hopefully, the market follows suit. Stay tuned to find out if it's boom or bust by checking out the Halifax Real Estate Blog regularly! Thanks for stopping by!  Is Storm brewing for you? WEEKLY ADOPTABLE Meet sweetheart gal Storm. Storm is an albino 2.5 yr old spay,chipped , UTD on vaccines female american bulldog.She is smaller than she appears in this photo. Storm walks like a dream on leash, knows basic commands and a release work of "okay" to eat. She is a real compact wiggle butt and exciteable .She is crate trained, house broken , people friendly , kids okay too. She does not appear to play with toys but loves her Kong.She is not destructive if left alone. She lives with another active lrg breed pup and two cats. She sniffs the cats then leaves them alone . She meets dogs better when off leash tahn on or through a barrier like a fence like a majority of dogs. She does fear react to dogs on leashed walks so enrolment in training is necessary to adopt storm. . Her bark is not loud but a muffled sounding one. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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.ca 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 February 9th-16th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 178 (290, 316, 265, 225) 254 Sold: 79 (91, 85, 96, 82) *95 Sale To Listing Ratio: 44% (31%, 27%, 36%, 36%) *37% Price Changes: 94 (137, 133, 109, 106) *121 Listings that went conditional/pending: 103 (131, 129, 101, 100) *117 Expired/Cancelled/Withdrawn: 73 (89, 191, 101, 124) *104 Total Active Halifax/Dartmouth Inventory: 4,217 (4,221, 4,172, 4,171, 4,106) *4,261 Absorption Rate in weeks: 48 (48, 51, 54, 66) *44 Single Family Home Stats Active Single Family Home: 2,472 (2,467, 2,434, 2,423, 2,388) *2,739 Average Single Family Home List Price: $297,741 ($321k, $282k, $285k, $304k) *$274k Average Single Family Home Selling Price: $289,535 ($311k, $271k, $273k, $293k) *$260k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 96%, 96%) *95% Median Single Family Home List Price (6 months): $279,250 ($279k, $280k, $280k, $280k) *$250k Median Single Family Home Sold Price (6 months): $268,000 ($267k, $268k, $270k, $270) *$237k Average Days on Market Single Family Home: 75 (113, 113, 92, 117) *105 Condo Stats Active Condos: 409 (408, 398, 406, 393, 383) *394 Average Condo Listing Price: $209,736 ($208k, $354k, $272k, $220k) *$260k Average Condo Selling Price: $202,854 ($198k, $345k, $266k, $209k) *$252k Condo Sale to List Ratio This Week: 97% (95%, 97%, 98%, 95%) 97% Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $230k) *220k Median Condo Sold Price (6 months): $220,500 ($222k, $223k, $222k, $225k) *215k Average Days on Market Condos: 182 (178, 219, 97, 126, 92) *126 Active Vacant Lots: 1,098 (1,102, 1,099, 1,099, 1,084) *900 Market Rant As you can imagine, this week's full potential may have been buried... by the crazy amount of snow we received! I'm not sure if you're a fan of Game of Thrones, but I saw a meme earlier in the week, and it was captioned perfectly for Halifax; "Winter is coming. The Entire thing, All at once. In one weekend". Sure it was mostly during the week, but it definitely struck a chord. As you can imagine, there is bound to be a few things that were affected by the copious amount of white stuff we received, but not as much as you would expect. Sellers seemed to be the ones shying away from the storm, and who could blame them? "All that shovelling, and I have to leave the house for showings, yeah, I'll hold off a couple more weeks thank you". All the while Buyers are still out there like "so I brought this shovel and snow shoes for our viewings, just need you to bring the flashlight". All jokes aside, activity is still trucking along, and regardless of the weather outside, people are still very active in their search. Of course, weather is a passing event, and so too is the pile of white stuff that currently litters the streets. When it clears, I close my eyes, and I can imagine warm sunny days and a hot Spring market in the near future! Time will tell if thats just a mirage, or reality. Stay tuned to find out! Thanks for stopping by!  Montreal has cast me out, can someone in Nova Scotia help me out? WEEKLY ADOPTABLE Tyson: Please I need a loving home Very loving, affectionate , neutered, vaccinated, fit and healthy 8 yr old am staff . walks great on his gentle leader . Tyson is a Victim of the BLS in Montreal. He has in his past lived with a very submissive female dog but we feel he needs to be the only pet due to a prey drive and selectiveness. He has lived with two boys ages 10 and 12 in a foster home . Tyson has car anxiety so it would not be ideal pet if you need a dog to travel a lot. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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.ca 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 February 2nd-9th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 290 (316, 265, 225, 254) *252 Sold: 91 (85, 96, 82, 66) *86 Sale To Listing Ratio: 31% (27%, 36%, 36%, 26%) *34% Price Changes: 137 (133, 109, 106, 107) *103 Listings that went conditional/pending: 131 (129, 101, 100, 83) *115 Expired/Cancelled/Withdrawn: 89 (191, 101, 124, 133) *115 Total Active Halifax/Dartmouth Inventory: 4,221 (4,172, 4,171, 4,106, 4,105) *4,211 Absorption Rate in weeks: 48 (51, 54, 66, 64) *47 Single Family Home Stats Active Single Family Home: 2,467 (2,434, 2,423, 2,388, 2,402) *2,723 Average Single Family Home List Price: $320,645 ($282k, $285k, $304k, $319k) *$299k Average Single Family Home Selling Price: $311,214 ($271k, $273k, $293k, $306k) *$286k Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 96%, 96%) *96% Median Single Family Home List Price (6 months): $279,000 ($280k, $280k, $280k, $280k) *$260k Median Single Family Home Sold Price (6 months): $267,000 ($268k, $270k, $270, $270k) *$255k Average Days on Market Single Family Home: 113 (113, 92, 117, 101) *122 Condo Stats Active Condos: 408 (398, 406, 393, 383, 396) *379 Average Condo Listing Price: $208,010 ($354k, $272k, $220k, $206k) *$282k Average Condo Selling Price: $198,200 ($345k, $266k, $209k, $198k) *$277k Condo Sale to List Ratio This Week: 95% (97%, 98%, 95%, 96%) 98% Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $230k) *276k Median Condo Sold Price (6 months): $221,700 ($223k, $222k, $225k, $225k) *264k Average Days on Market Condos: 178 (219, 97, 126, 92, 99) *159 Active Vacant Lots: 1,102 (1,099, 1,099, 1,084, 1,173) *882 Market Rant Quite the average week as we approach the midway mark of February. In a strange occurrence, the overall inventory reported exactly the same as this time last year with 4,221 products listed for sale in the HRM. So where is all of the inventory coming from? Vacant land is reporting quite a bit higher than this year last time, but that is met with a lower single family home level. Condo's are a but higher, but marginal, and surely not enough to make a dent. Even still, with the give and take of the inventory, we are set in a position that many had hoped would not happen, which is parallel with a previous year. Most hoped that the gap would continue to widen as 2016 seemed to be a promising year of recovery, but as the Fall approached, things tapered off and fell flat to end the season, which is being felt this year. Activity has been unusually strong kicking off the year, but I wonder if it's because we have had such a mild start to the season. I dare say, the looming storm and further forecast might have an impact on that activity, but for how long? Weather is temporary, but the need to buy or sell is a need that has an end, regardless of the climate. Thanks for stopping by!  Is an Ember burning for you? WEEKLY ADOPTABLE Meet Ember! Ember is a 4 year old Boxer/ Amstaff Cross who is a fun and energetic girl. She is up to date on her vaccinations and has been spayed. Ember loves toys and playing fetch. She will need an active home where she gets lots of exercise. She is working on her manners, and will need someone who will take the time to work on her training. Obedience training is mandatory where Ember still has some areas to improve in. We are working on continuing house training with Ember as she is just so happy being outside, she often forgets to do her business. Ember gets along well with other dogs, but often wants to play. She loves attention and will cuddle right up to you. She is kennel trained, it seems to be a quiet and comfortable place for her to unwind. Cats are questionable. I think it will depend on the cats personality, she seems to want to play and gets excited when the cat tries to tell her no. Please fill out the adoption application found at www.animalrescuecoalitions.com email back to ARC. Your application will be processed in a timely manner. Please contact your vet clinic and give them permission to speak with us about your past and present pets. We will be checking that your pets have been spayed /neutered and kept up to date with vaccinations and yearly check ups. This "cuddly companion" is available through Animal Rescue Coalitions, a non profit rescue organization from Seabright, 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 26th-February 2nd, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 316 (265, 225, 254, 218) *265 Sold: 85 (96, 82, 66, 65) *101 Sale To Listing Ratio: 27% (36%, 36%, 26%, 30%) *38% Price Changes: 133 (109, 106, 107, 83) *152 Listings that went conditional/pending: 129 (101, 100, 83, 57) *117 Expired/Cancelled/Withdrawn: 191 (101, 124, 133, 476) *132 Total Active Halifax/Dartmouth Inventory: 4,172 (4,171, 4,106, 4,105, 4,081) *4,183 Absorption Rate in weeks: 51 (54, 66, 64, 58) *49 Single Family Home Stats Active Single Family Home: 2,434 (2,423, 2,388, 2,402, 2,387) *2,703 Average Single Family Home List Price: $282,364 ($285k, $304k, $319k, $365k) *$274k Average Single Family Home Selling Price: $271,380 ($273k, $293k, $306k, $352k) *$261k Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 96%, 97%) *95% Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$250k Median Single Family Home Sold Price (6 months): $267,500 ($270k, $270, $270k, $270k) *$240k Average Days on Market Single Family Home: 113 (92, 117, 101, 111) *131 Condo Stats Active Condos: 398 (406, 393, 383, 396, 425) *375 Average Condo Listing Price: $353,950($272k, $220k, $206k, $291k) *$241k Average Condo Selling Price: $344,550 ($266k, $209k, $198k, $281k) *$233k Condo Sale to List Ratio This Week: 97% (98%, 95%, 96%, 97%) 97% Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $235k) *219k Median Condo Sold Price (6 months): $222,500 ($222k, $225k, $225k, $226k) *209k Average Days on Market Condos: 219 (97, 126, 92, 99, 91) *140 Active Vacant Lots: 1,099 (1,099, 1,084, 1,173, 1,150) *874 Market Rant I'm not sure if anyone else has the same feeling, but can you believe it's February already? Time seems to be flying this year so far, but Buyers and Sellers aren't wasting any time getting into the 2017 market. 316 new property products hit the market this week, which is up significantly from last week, and last year at this time. Another interesting stat this week was the expired/cancelled/withdrawn pile, with a staggering post of 191! Of course, there is the end/beginning month contract anomaly to consider, so that could have influenced that and the new listing report this week. Values remain steady this week with a typical gain spread from last year. Which is always a welcomed sight for home buyers to see that their purchase will potentially increase in value over time, and Sellers to know that they may see their investment pay off in the end. The overall inventory level has drawn surprisingly close to this time last year, which is quite discouraging after seeing the gap widen in better favour throughout 2016. The third quarter of last year didn't have a stellar showing, and might have caused a bit of a lag going into 2017. Thankfully, it doesn't appear that trend will stick, since activity is increasing week to week, and possibly earlier than last year. Only time will tell, so be sure to check in to stay on top of the market here in Halifax by tuning into the Halifax Real Estate Blog! Thanks for stopping by!  Karma Kamala-ian? Could use some luck here WEEKLY ADOPTABLE Kamala is a bouncy, happy soul who has had a bit of a rough start to life. But, with a little bit of time and TLC, her true colours have shone through! She's a lovely girl, but can get a bit jumpy and mouthy when overstimulated with play, getting ready for walks and when showing affection so this will need to be trained out as soon as possible! Adoption requirements are as follows: - Children over 10. - Playful, submissive dogs. - Medium to high energy adopters preferred, to keep her active. - Proof of registration in obedience classes 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!  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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