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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 165 (165, 146, 140, 168) *155 Sold: 90 (86, 98, 100, 92) *96 Sale To Listing Ratio: 55% (52%, 67%, 71%, 55%) *62% Price Changes: 38 (52, 35, 35, 38) *39 Conditional Sale: 128 (106, 114, 90, 124) *129 Expired/Cancelled/Withdrawn: 27 (17, 29, 68, 74) *52 Total Active Halifax/Dartmouth Inventory: 1,277 (1,276, 1,259, 1,257, 1,237) *974 Absorption Rate: 14 (14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 622 (630, 623, 624, 630) *462 Average Single Family Home List Price: $570,104 ($575k,$615k, $576k, $606k) *$614k Average Single Family Home Selling Price: $564,431 ($576k, $616k, $577k, $599k) *$609k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k,$500k,$500k,$500k) *$465k Median Single Family Home Sold Price(6 mo):$519,000 ($519k, $519k, $518k, $517k)*$465k Average Days on Market Single Family Home: 31 (36, 40, 40, 54) *35 Condo Stats Active Condos: 105 (98, 98, 106, 101) *66 Average Condo Listing Price: $487,578 ($453k, $666k, $554k, $454k) *$536k Average Condo Selling Price: $486,150 ($447k, $647k, $559k, $459k) *$531k Condo Sale to List Ratio This Week: 99% (99%, 97%, 101%, 101%) *99% Median Condo List Price (6 mo): $439,900 ($432k, $434k, $430k, $430k) *$396k Median Condo Sold Price (6 mo): $427,500 ($425k, $425k, $424k, $424k) *$393k Average Days on Market Condos: 36 (39, 37, 40, 59) *38 Active Vacant Lots: 397 (394, 390, 385, 368) *335 Market Rant The Halifax real estate market continues its wake from the slow season slumber again this week, but the hope is that March will bring a burst of new listings to supercharge buyer interest and get things rolling again. Typical new listing/sales churn this week, and values remain steady across both tracked products once again. Despite the amount of snow that stuck around, buyer activity kept pace for an average report, but buyers in general seem to be holding off at the moment due to the lack of property prospects and the competitive nature of the current market. The general feeling out there is that buyers are wary to bid too far over listing prices since the projection is a continued price correction ongoing, which is why selling prices have ended up close too, or under the asking price. In other price brackets, especially the higher ones, we are starting to see sizeable cuts to selling prices, especially those that purchased their property pre-2019. There was a huge equity gain since that time, so some sellers have an initial "would love to sell for" X amount, but can also be practical and adjust to the current selling environment if needed, especially if a need to sell is present. As supply increases, listings that need to sell that will likely need to make these adjustments to stay competitive, considering prices are becoming more stable. Still a changing market, and the dust is still settling, so be sure to stay tuned to the blog to keep updated. Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 165 (146, 140, 168, 180) *155 Sold: 86 (98, 100, 92, 85) *96 Sale To Listing Ratio: 52% (67%, 71%, 55%, 47%) *62% Price Changes: 52 (35, 35, 38, 35) *39 Conditional Sale: 106 (114, 90, 124, 132) *129 Expired/Cancelled/Withdrawn: 17 (29, 68, 74, 42) *52 Total Active Halifax/Dartmouth Inventory: 1,276 (1,259, 1,257, 1,237, 1,273) *974 Absorption Rate: 14 (13, 14) *13 Single Family Home Stats Active Single Family Home: 630 (623, 624, 630, 652) *462 Average Single Family Home List Price: $574,978 ($615k, $576k, $606k, $638k) *$614k Average Single Family Home Selling Price: $575,596 ($616k, $577k, $599k, $628k) *$609k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 99%, 98%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k, $500k, $500k, $500k) *$465k Median Single Family Home Sold Price(6 mo):$519,000 ($519k, $518k, $517k, $513k)*$465k Average Days on Market Single Family Home: 36 (40, 40, 54, 45) *35 Condo Stats Active Condos: 98 (98, 106, 101, 106) *66 Average Condo Listing Price: $453,140 ($666k, $554k, $454k, $556k) *$536k Average Condo Selling Price: $446,740 ($647k, $559k, $459k, $540k) *$531k Condo Sale to List Ratio This Week: 99% (97%, 101%, 101%, 97%) *99% Median Condo List Price (6 mo): $431,887 ($434k, $430k, $430k, $434k) *$396k Median Condo Sold Price (6 mo): $425,000 ($425k, $424k, $424k, $426k) *$393k Average Days on Market Condos: 39 (37, 40, 59, 35) *38 Active Vacant Lots: 394 (390, 385, 368, 373) *335 Market Rant Look at that! No storms and the market kicks off in property fashion this week! I would imagine the elevated listing activity could be a backlog from the previous weeks, but it was a good addition none the less. Still a bit of a sleepy time of year right now, but that will change shortly. A lot of Sellers will try to bridge the gap with a relocation, or perhaps a move to a different area of the city and beyond, so timing is key. To do this, the plan would be usually be to list in the Spring so that there isn't a huge gap between the selling date and the closing date, giving a chance to locate a new home to settle into in over the Summer months. Many also plan their moves around work relocations, which happen around this time of year, and the school year. Many parents try to coordinate a move once the school year has concluded, which would give their children a chance to get settled in before potentially starting at a new school. Definitely not a lot of options at the moment, which is likely why there are multiple offers happening in many areas of the city, but this trend should slow down as inventory continues to climb. Spring is on the way, and hopefully a pile of new listings come with it! Stay tuned to the blog to stay on top of the market and stay informed! Thanks for stoping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 146 (140, 168, 180, 177) *155 Sold: 98 (100, 92, 85, 76) *96 Sale To Listing Ratio: 67% (71%, 55%, 47%, 43%) *62% Price Changes: 35 (35, 38, 35, 53) *39 Conditional Sale: 114 (90, 124, 132, 106) *129 Expired/Cancelled/Withdrawn: 29 (68, 74, 42, 45) *52 Total Active Halifax/Dartmouth Inventory: 1,259 (1,257, 1,237, 1,273, 1,272) *974 Absorption Rate: 13 (14) *13 Single Family Home Stats Active Single Family Home: 623 (624, 630, 652, 652) *462 Average Single Family Home List Price: $614,825 (%576k, $606k, $638k, $634k) *$614k Average Single Family Home Selling Price: $616,436 ($577k, $599k, $628k, $623k) *$609k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 98%, 98%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k, $500k, $500k, $500k) *$465k Median Single Family Home Sold Price(6 mo):$518,750 ($518k, $517k, $513k, $515k)*$465k Average Days on Market Single Family Home: 40 (40, 54, 45, 55) *35 Condo Stats Active Condos: 98 (106, 101, 106, 97) *66 Average Condo Listing Price: $666,392 ($554k, $454k, $556k, $431k) *$536k Average Condo Selling Price: $646,785 ($559k, $459k, $540k, $422k) *$531k Condo Sale to List Ratio This Week: 97% (101%, 101%, 97%, 98%) *99% Median Condo List Price (6 mo): $433,875 ($430k, $430k, $434k, $425k) *$396k Median Condo Sold Price (6 mo): $425,000 ($424k, $424k, $426k, $422k) *$393k Average Days on Market Condos: 37 (40, 59, 35, 49) *38 Active Vacant Lots: 390 (385, 368, 373, 412) *335 Market Rant Another snow storm, another hindrance to market liftoff again this week! Despite the weather however, activity persisted just like last week, as Buyer interest continues to increase as the Spring approaches. Thanks to these last weather events, Sellers have held off listing over the last couple of weeks, which has caused a bit of a stall this month so far, but as the month presses on there is sure to be more options to choose from. Anyone currently looking have likely noticed that they are back to competing, especially in certainly price points and areas of the city. There are still lots of options at certainly price points however, with $700k+ making up the majority of the inventory padding. Out of the 574 currently listed detached homes in HRM, 315 of them are $700k and over, with only 57 of which listed at $450k or lower. 80%+ of the sub $450k listings are also on the fringes of the HRM, or they are located in unpopular areas/condition. At $500k or lower, that number increases to 85, but that is still a rather low pool for the most in-demand price point(s). While prices continue to adjust, the speculation is that this lower price bracket will be the last to do so, just based on demand and how many buyers fall into this group. Hopefully the Spring continues to stack on the property options, reducing the market pressure, but time will tell! Stay tuned to the blog to stay on top of things, and stay informed! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 140 (168, 180, 177) *155 Sold: 100 (92, 85, 76) *96 Sale To Listing Ratio: 71% (55%, 47%, 43%) *62% Price Changes: 35 (38, 35, 53) *39 Conditional Sale: 90 (124, 132, 106) *129 Expired/Cancelled/Withdrawn: 68 (74, 42, 45) *52 Total Active Halifax/Dartmouth Inventory: 1,257 (1,237, 1,273, 1,272) *974 Absorption Rate: 14 () *13 Single Family Home Stats Active Single Family Home: 624 (630, 652, 652) *462 Average Single Family Home List Price: $576,225 ($606k, $638k, $634k) *$614k Average Single Family Home Selling Price: $576,745 ($599k, $628k, $623k) *$609k Single Family Home Sale to List Ratio This Week: 101% (99%, 98%, 98%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k, $500k, $500k) *$465k Median Single Family Home Sold Price(6 mo):$518,000 ($517k, $513k, $515k)*$465k Average Days on Market Single Family Home: 40 (54, 45, 55) *35 Condo Stats Active Condos: 106 (101, 106, 97) *66 Average Condo Listing Price: $554,180 ($454k, $556k, $431k) *$536k Average Condo Selling Price: $558,520 ($459k, $540k, $422k) *$531k Condo Sale to List Ratio This Week: 101% (101%, 97%, 98%) *99% Median Condo List Price (6 mo): $429,900 ($430k, $434k, $425k) *$396k Median Condo Sold Price (6 mo): $423,500 ($424k, $426k, $422k) *$393k Average Days on Market Condos: 40 (59, 35, 49) *38 Active Vacant Lots: 385 (368, 373, 412) *335 Market Rant The numbers may be a little lacking this week, thanks to a big ol' snow storm over the weekend, but the market doesn't rest! The city basically came to a stand still over the weekend, so the market would have followed suit for those few days. Despite the storm, it was shaping up to be a rather busy week! Another healthy addition to the inventory happened, and more sales from the week before. Buyer activity was down significantly this week, but that can be expected due to the extreme weather conditions. Still decent though, especially for erasing three days from the market week. Single Family Home weekly listing and selling values finally hit under the $600k threshold this week with the help of an injection of that first time home buyer products hitting the market. Prices overall continue to stabilize as well, as most products are selling quite close to asking price these days, with the exception of certain price points and property condition. The adjustment continues, and I anticipate this trend to continue into the Spring. WIth the competitive nature of the Spring market (both Buyer and Seller), the speculation is that there should be more options this year for Buyers, which I'm sure is welcomed news for buyers entering the market. WIth the announcement that mortgage rates are holding fast, and that the foreign Buyer ban will be extended to 2027, the current market should hold its predictability for the time being. Once these factors change however, it is anyones guess how the impact of one or both of these will affect things locally. Time will tell though, and I have you covered! Be sure to stay tuned to the blog and stay informed. Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 168 (180, 177) *143 Sold: 92 (85, 76) *78 Sale To Listing Ratio: 55% (47%, 43%) *55% Price Changes: 38 (35, 53) *50 Conditional Sale: 124 (132, 106) *118 Expired/Cancelled/Withdrawn: 74 (42, 45) *81 Total Active Halifax/Dartmouth Inventory: 1,237 (1,273, 1,272) *984 Single Family Home Stats Active Single Family Home: 630 (652, 652) *462 Average Single Family Home List Price: $606,035 ($638k, $634k) *$538k Average Single Family Home Selling Price: $598,526 ($628k, $623k) *$522k Single Family Home Sale to List Ratio This Week: 99% (98%, 98%) *97% Median Single Family Home List Price (6 mo):$499,900 ($500k, $500k) *$463k Median Single Family Home Sold Price(6 mo):$516,500 ($513k, $515k)*$460k Average Days on Market Single Family Home: 54 (45, 55) *31 Condo Stats Active Condos: 101 (106, 97) *67 Average Condo Listing Price: $453,912 ($556k, $431k) *$524k Average Condo Selling Price: $458,475 ($540k, $422k) *$515k Condo Sale to List Ratio This Week: 101% (97%, 98%) *98% Median Condo List Price (6 mo): $429,900 ($434k, $425k) *$399k Median Condo Sold Price (6 mo): $423,500 ($426k, $422k) *$391k Average Days on Market Condos: 59 (35, 49) *55 Active Vacant Lots: 368 (373, 412) *335 Market Rant You wouldn't know it by looking at the current inventory, but it's a bit of a hot start to the market this year so far! As mentioned last week, January does tend to create a bubble market for the beginning of the season, and it appears this year is no exception. For the last couple of years, this blip has lasted to the Spring, but usually, this trend tends to fizzle out at by mid February. Speaking of, can you believe January is already in the books? With a mild start to the season, Buyers have found a more comfortable environment to conduct showings in. Believe it or not, how cold things get here can have a direct impact on listing reception to the market, especially heavy snowfall forecasts. So far though, the weather has been hospitable enough to encourage Buyers to come out and it shows. Listings under agreement had a strong report despite the snowfall this week, and so too did the number of properties that hit the market. The market forecast is much like the weather, a mixed bag and a lot of possibilities. I have you covered though, so stay tuned to the blog to stay informed and stay on top of the developing market! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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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