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Halifax (HRM) Residential Statistic Update for the Week of February 20th - 27th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 234 (255, 262, 246, 204) *189 Sold: 180 (132, 130, 114, 125) *111 Sale To Listing Ratio: 77% (52%, 50%, 46%, 61%) *59% Price Changes: 71 (59, 77, 67, 62) *82 Listings that went conditional/pending: 194 (206, 188, 167, 163) *167 Expired/Cancelled: 45 (49, 58, 88, 57) *54 Total Active Halifax/Dartmouth Inventory: 2,135 (2,137, 2,156, 2,144, 2,127) +3,075 Absorption Rate in weeks: 15 (17, 19, 21, X) *26 Single Family Home Stats Active Single Family Home: 1,105 (1,102, 1,105, 1,092, 1,068) *1,629 Average Single Family Home List Price: $342,321($345k,$333k,$352k,$341k) *$334k Average Single Family Home Selling Price: $336,931 ($341k,$327k,$338k,$340k) *$326k Single Family Home Sale to List Ratio This Week: 98% (99%, 98%, 96%, 99%) *98% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$290k Median Single Family Home Sold Price (6 mo):$310,000 ($310k,$309k,$309k,$309k)*$280k Average Days on Market Single Family Home: 62 (75, 57, 67, 70) *69 Condo Stats Active Condos: 128 (135, 141, 143, 140) *259 Average Condo Listing Price: $300,094 ($333k, $275k, $271k, $241k) *$229k Average Condo Selling Price: $288,732 ($323k, $271k, $265k, $236k) *$221k Condo Sale to List Ratio This Week: 96% (97%, 98%, 98%, 98%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$240k Median Condo Sold Price (6 mo): $240,500 ($242k, $243k, $242k, $241k) *$231k Average Days on Market Condos: 30 (43, 78, 60, 20) *93 Active Vacant Lots: 754 (754, 760, 764, 766) *911 Market Rant Second straight week of inventory reduction, which is definitely a little backwards from the annual trend. Around this time of year it's not odd to have one or two weeks of plus and minus inventory levels, but having reduction weeks in consecutive fashion raises the eyebrows a bit. No doubt we are seeing reductions though, just look at those sales numbers compared to the listings hitting the market! Certainly the highest report of sales for the year so far, but I don't think the market has even begun to show its true potential. Another two weeks shaved off the absorption's rate, which is a match to the 2019 market year low...already. Working with several price ranges, areas and products, and I can attest to the challenges to all buyers right now. Of course, the main regions are impacted the most, but it seems as though no region in HRM is untouched by the current sellers market, and no product left behind either. Might be a bit of a stalemate in the highest price points, but even those are tending to slowly move if adjusted at all. The Weekly Adogtable! Meet Shiny: Found stray. Female, Sterilized 1 year old. Received basic vaccination + Bordetella Dewormed Not microchipped. Selective with other dogs, lacking confidence. Seems good w/ cats Good w/ kids. She can be vocal or destructive when left alone or feeling stuck (crate or closed room). She follows shelter staff everywhere and great customers! She is curious and very endearing. No bite history. Anxious disposition, was adopted and brought back twice because of this is. 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!  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 February 13th - 20th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 255 (262, 246, 204, 194) *248 Sold: 132 (130, 114, 125, 89) *114 Sale To Listing Ratio: 52% (50%, 46%, 61%, 46%) *46% Price Changes: 59 (77, 67, 62, 47) *80 Listings that went conditional/pending: 206 (188, 167, 163, 148) *153 Expired/Cancelled: 49 (58, 88, 57) *75 Total Active Halifax/Dartmouth Inventory: 2,137 (2,156, 2,144, 2,127, 2,148) +3,096 Absorption Rate in weeks: 17 (19, 21, X, X) *30 Single Family Home Stats Active Single Family Home: 1,102 (1,105, 1,092, 1,068, 1,080) *1,657 Average Single Family Home List Price: $345,327($333k,$352k,$341k,$368k) *$331k Average Single Family Home Selling Price: $340,611 ($327k,$338k,$340k,$364k) *$324k Single Family Home Sale to List Ratio This Week: 99% (98%, 96%, 99%, 99%) *98% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$290k Median Single Family Home Sold Price (6 mo):$310,000 ($309k,$309k,$309k,$310k)*$280k Average Days on Market Single Family Home: 75 (57, 67, 70, 62) *66 Condo Stats Active Condos: 135 (141, 143, 140, 144) *254 Average Condo Listing Price: $332,761 ($275k, $271k, $241k, $301k) *$293k Average Condo Selling Price: $323,145 ($271k, $265k, $236k, $294k) *$285k Condo Sale to List Ratio This Week: 97% (98%, 98%, 98%, 98%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$240k Median Condo Sold Price (6 mo): $242,000 ($243k, $242k, $241k, $240k) *$232k Average Days on Market Condos: 43 (78, 60, 20, 64) *60 Active Vacant Lots: 754 (760, 764, 766, 768) *918 Market Rant Another drastic drop in the absorption rate this week, indicating that the market is still evaporating listings as they activate. Not too much of a surprise at this point, since the buyer activity seems to be relentless right now, just look at the listings that received and accepted offers this week, reflected in the conditional/pending stat! Those numbers are way up from this time last year, and they seems to be increasing as the month and season progresses. Overall, inventory took a bit of a haircut this week, more like a trim, which seems to be the battle this year. Just when you think numbers are finally starting to swell in this department, there's an anomaly week, or two, that go against the grain, like this week. Values are holding steady across the board, with little variation at this point, so the wonder is if these numbers will continue their upwards journey, or if we are setting our sites for an adjustment in the opposite direction. With all of the outside influences and positive growth news that we are experiencing in Nova Scotia (HRM specifically), I do believe we will be in for another banner year. Stay tuned to the blog to stay on top of our market here in Halifax, and don't forget, I'm here if you have any questions! Thanks for stopping by! The Weekly Adogtable! Owner surrender: personal problems. Needs a neuter and microchip on us shortly. 3 years old 34.5KG. Received basic vaccination + Rabies + Revolution Was living w/ adults + 2 kids + 5 cats. Was getting along w/ everyone in the home Amicable and vocal w/ strangers + unknown kids Curious, interested, amicable and playful w/ other dogs (big and small) Active, excited, affectionate, docile House trained. Crate trained but not needed Can whine/cry when left alone, but mostly he is calm No separation anxiety. No bite history. Pulls on leash Medium tolerance to physical manipulations but cooperates – a bit fearful Playful w/ toys Knows basic commands: sit, paw No resource guarding noted at the shelter Recommended w/ kids 10 years old + Glutton w/ treats! Like to be brushed Talks This "cuddly companion" is available through Good Bones Dog Rescue, 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 9Halifax (HRM) Residential Statistic Update for the Week of February 6th -13th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 262 (246, 204, 194, 229) *248 Sold: 130 (114, 125, 89, 76) *114 Sale To Listing Ratio: 50% (46%, 61%, 46%, 33%) *46% Price Changes: 77 (67, 62, 47, 51) *80 Listings that went conditional/pending: 188 (167, 163, 148, 137) *153 Expired/Cancelled: 58 (88, 57, 51) *75 Total Active Halifax/Dartmouth Inventory: 2,156 (2,144, 2,127, 2,148, 2,156) +3,096 Absorption Rate in weeks: 19 (21, X, X, X) *30 Single Family Home Stats Active Single Family Home: 1,105 (1,092, 1,068, 1,080, 1,088) *1,657 Average Single Family Home List Price: $333,049 ($352k,$341k,$368k,$365k) *$331k Average Single Family Home Selling Price: $326,472 ($338k,$340k,$364k,$353k) *$324k Single Family Home Sale to List Ratio This Week: 98% (96%, 99%, 99%, 97%) *98% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$290k Median Single Family Home Sold Price (6 mo):$309,000 ($309k,$309k,$310k,$309k)*$280k Average Days on Market Single Family Home: 57 (67, 70, 62, 65) *66 Condo Stats Active Condos: 141 (143, 140, 144, 142) *254 Average Condo Listing Price: $274,784 ($271k, $241k, $301k, $289k) *$293k Average Condo Selling Price: $271,259 ($265k, $236k, $294k, $287k) *$285k Condo Sale to List Ratio This Week: 98% (98%, 98%, 98%, 99%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$240k Median Condo Sold Price (6 mo): $242,950 ($242k, $241k, $240k, $240k) *$232k Average Days on Market Condos: 78 (60, 20, 64, 69) *60 Active Vacant Lots: 760 (764, 766, 768, 773) *918 Market Rant Looks like a bit of a repeat week this week, as a repeating pattern in the stats presents itself as we approach the mid point of February. Average new listing additions, slightly elevated sales, and a slow increase to the overall inventory level seem to be the new norm, but the stat really making itself heard is the conditional/pending numbers that indicates buyer activity for the week, highlighting the sheer demand that we currently face in todays market. Didn't take too long to shave off a few weeks of the absorption rate, which tends to move rather slow in either direction throughout the year, except for this time of year where things are starting to balance themselves again. It seems to be happening much faster this year however, and is incredibly lower than this year at this time. The big driver is the amount of weekly sales we are still handling, coupled with the increased buyer activity snatching everything up as it hits the market. Last year had a bit of a slow start, but when it got going there was no stopping it. Looks like it has no intention of stopping anytime soon either! Stay tuned to the blog to stay on top of all things Halifax real estate, and thanks for stopping by! The Weekly Adogtable! Enzo has received basic vaccination + Bordetella + Advantage Multi 100. Double declaws on back legs, Calm in his kennel. Was a bit fearful/timid w/ staff at first but got better socialized and he is just fine now. Good w/ all physical manipulations, a bit more sensitive w/ rear end/hips/flanks. No resource guarding. Takes treats gently. Good w/ cats OK w/ kids Playful w/ dogs (big and small). Not interested in playing w/ toys at the moment. Knows basic commands: sit, paw, lie down. Pulls a lot on leash. High energy level. Separation anxiety but would do okay with a kid or doggy in home , daycare or someone who works from home. This "cuddly companion" is available through Good Bones Dog Rescue, 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 30th - February 6th, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 246 (204, 194, 229, 170) *250 Sold: 114 (125, 89, 76, 90) *119 Sale To Listing Ratio: 46% (61%, 46%, 33%, 53%) *48% Price Changes: 67 (62, 47, 51, 75) *103 Listings that went conditional/pending: 167 (163, 148, 137, 108) *133 Expired/Cancelled: 88 (57, 51, 70) *168 Total Active Halifax/Dartmouth Inventory: 2,144 (2,127, 2,148, 2,156, 2,113) +3,074 Absorption Rate in weeks: 21 (X, X, X, X) *33 Single Family Home Stats Active Single Family Home: 1,092 (1,068, 1,080, 1,088, 1,059) *1,671 Average Single Family Home List Price: $352,092 ($341k,$368k, $365k,$359k) *$324k Average Single Family Home Selling Price: $338,069 ($340k,$364k, $353k, $349k) *$315k Single Family Home Sale to List Ratio This Week: 96% (99%, 99%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$289k Median Single Family Home Sold Price (6 mo):$309,000 ($309k,$310k,$309k,$308k)*$280k Average Days on Market Single Family Home: 67 (70, 62, 65, 109) *76 Condo Stats Active Condos: 143 (140, 144, 142, 138) *242 Average Condo Listing Price: $270,578 ($241k, $301k, $289k, $320k) *$307k Average Condo Selling Price: $265,350 ($236k, $294k, $287k, $315k) *$295k Condo Sale to List Ratio This Week: 98% (98%, 98%, 99%, 99%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $249k) *$240k Median Condo Sold Price (6 mo): $242,000 ($241k, $240k, $240k, $240k) *$232k Average Days on Market Condos: 60 (20, 64, 69, 118) *102 Active Vacant Lots: 764 (766, 768, 773, 764) *900 Market Rant And we're off! Well...maybe? Marginal gains in inventory this week, with single family homes seeing the most additions, but overall things are still lagging in this department. The biggest stat overall this week, like last week, is the listings that found them selves under agreement. Buyer activity is definitely way up over this time last year, and it seems to be holding. The absorption rate stat makes its return this week with a seasonal bloat of 3 extra weeks from the December 19th report, which is actually a small gain given the usually low market activity around this time of year. I guess this year has no intention of putting on the brakes anytime soon, cause despite the freezing temps and weekly storms, the market is still red hot! Makes you wonder what things will look like when the weather heats up too! Stay tuned to the blog to find out, and thanks for stopping by! The Weekly Adogtable! Owner surrender. Not sterilized so needs a spay shortly by us. 11 months old up to date on vaccinations (w/ health booklet) Dewormed. Very affectionate and playful Loves kids. Loves to play with other dogs but she is a bit too insistent. Knows basic commands but in exchange for a treat: sit, lie down, stay, paw, talk/speak Tables scraps make her sick. Knows not to approach the table at dinner time. Sleeps on the sofa at night (likes to be comfortable) A bit fearful, needs to be reassured Pulls on leash Gets into trash, nibble at objects/kid toys, etc. 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!  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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