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Halifax (HRM) Residential Statistic Update for the Week of March 21st - March 28th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 291 (260, 251, 330, 189) *280 Sold: 155 (139, 146, 126, 111) *112 Sale To Listing Ratio: 53% (55%, 58%, 38%, 59%) *45% Price Changes: 105 (69, 101, 100, 82) *119 Listings that went conditional/pending: 190 (161, 169, 165, 167) *154 Expired/Cancelled: 67 (75, 61, 102, 54) *66 Total Active Halifax/Dartmouth Inventory: 3,181 (3,147, 3,160, 3,150, 3,075) +3,864 Absorption Rate in weeks: 23 (24, 25, 26, 26) *30 Single Family Home Stats Active Single Family Home: 1,720 (1,688, 1,700, 1,674, 1,629) *2,143 Average Single Family Home List Price: $381,137 ($365k,$337k,$344k,$334k) *$326k Average Single Family Home Selling Price: $369,972 ($258k,$330k,$337k,$326k) *$315k Single Family Home Sale to List Ratio This Week: 97% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$289k,$290k,$290k)*$279k Median Single Family Home Sold Price (6 mo):$283,900 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 62 (68, 55, 78, 69) *88 Condo Stats Active Condos: 255 (254, 260, 298, 259) *375 Average Condo Listing Price: $252,228 ($237k, $295k, $226k, $229k) *$232k Average Condo Selling Price: $245,478 ($228k, $285k, $215k, $221k) *$225k Condo Sale to List Ratio This Week: 97% (96%, 97%, 95%, 95%) 97% Median Condo List Price (6 mo): $239,950 ($239k, $240k, $240k, $240k) *$238k Median Condo Sold Price (6 mo): $232,000 ($230k, $232k, $230k, $231k) *$232k Average Days on Market Condos: 82 (54, 51, 108, 93) *82 Active Vacant Lots: 948 (938, 939, 932, 911) *1,008 Market Rant Now that's more like it! Finally, after a few shaky weeks of reduction, the Spring inventory gain gets off the ground with a decent overall increase this week. It's not huge, but it's a start! All tracked products increased their numbers this week, with single family homes seeing the most. Good news for Buyers, but it's going to take a bit more than one week of half decent additions to make an impact for the bulk of them waiting to find the right property. Seems listings weren't the only numbers are the rise, overall sales reported higher than average, and so too did the number of properties that received and accepted offers (pending), the sales to list ratio, and product values across the board. All good things! The numbers you want decreasing are still doing so too, like the absorption rate, time on market, the number of products retreating from the market and most importantly...the absorption rate. So it's back to "business as usual" for the hot Halifax market, so stay tuned to the blog to keep tabs on things as the market season heats up! Thanks for stopping by! The Weekly Adogtable! Ninja was found abandoned and no one has claimed him. He is OK with dogs and kids but has not been cat tested as of yet. He exhibits no food aggression with humans or dogs. Extremely affectionate and smiles. Is afraid of men at first (will cower) but comes around. More updates to come as we get to know this cutie patootie. 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 March 14th - March 21st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 260 (251, 330, 189, 218) *295 Sold: 139 (146, 126, 111, 129) *114 Sale To Listing Ratio: 55% (58%, 38%, 59%, 59%) *39% Price Changes: 69 (101, 100, 82, 81) *137 Listings that went conditional/pending: 161 (169, 165, 167, 135) *142 Expired/Cancelled/Withdrawn: 75 (61, 102, 54, 69) *67 Total Active Halifax/Dartmouth Inventory: 3,147 (3,160, 3,150, 3,075, 3,117) +3,801 Absorption Rate in weeks: 24 (25, 26, 26, 27) *30 Single Family Home Stats Active Single Family Home: 1,688 (1,700, 1,674, 1,629, 1,656) *2,103 Average Single Family Home List Price: $365,272 ($337k,$344k,$334k,$313k) *$325k Average Single Family Home Selling Price: $357,888 ($330k,$337k,$326k,$303k) *$314k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $289,500 ($289k,$290k,$290k,$286k)*$278k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 68 (55, 78, 69, 79) *69 Condo Stats Active Condos: 254 (260, 298, 259, 261) *367 Average Condo Listing Price: $237,400 ($295k, $226k, $229k, $266k) *$252k Average Condo Selling Price: $227,500 ($285k, $215k, $221k, $256k) *$242k Condo Sale to List Ratio This Week: 96% (97%, 95%, 95%, 96%) 96% Median Condo List Price (6 mo): $239,000 ($240k, $240k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $229,900 ($232k, $230k, $231k, $232k) *$234k Average Days on Market Condos: 54 (51, 108, 93, 71) *127 Active Vacant Lots: 938 (939, 932, 911, 920) *1,003 Market Rant Here we go again! After two consecutive weeks of inventory gain, we are back on the decline with all tracked products reducing in numbers this week. It has been an odd statistic to track this year, since we usually trend in the upwards direction around this time, but since the beginning of the year, inventory has been leaning in a new direction...downwards. Lots of good activity this week as well, but mostly activity that we are starting to get acclimatized to here in Halifax, like solid sales number, buzzing buyer activity, and less time on market for sellers. Still lots of buyer frustration out there in areas though (especially on the peninsula), but it is starting to seep into other zones and communities as well. Due to this market environment, the absorption rate has been shedding weeks at a rapid pace, and we have found ourselves a full six weeks off the rate of last year at this time. Values are still reporting strong overall, especially single family homes, that are really reporting better in all areas from this year at this time. The Spring market is upon us and it looks to heat up even more, so stay tuned to the blog to keep your finger on the pulse of the real estate market here in Halifax! Thanks for stopping by! The Weekly Adogtable! Meet Lou. He is Comfortable w/ all physical manipulations. Very treat motivated. No bite history. Has had mild resource guarding of toys/ food with male dogs only. Dog friendly and very social. OK w/ cats – but cats ignored him so.. We are thinking this could be iffy depending on the cat. Kids 12+. No fear of men. Very human friendly. Strong. Jumps up if super excited but this has been worked on . Has mouthed the odd time when playing but has been worked on and improved. Medium energy Very affectionate. non-destructive and can be left uncrated (prefers this or he gets anxious locked up too long). Pulls on leash – don't they all? lol. We suggest using a freedom harness. Knows basic commands but proof of enrollment in obedience training is a requirement to adopt. 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 March 7th - March 14th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 251 (330, 189, 218, 248) *270 Sold: 146 (126, 111, 129, 114) *134 Sale To Listing Ratio: 58% (38%, 59%, 59%, 46%) *50% Price Changes: 100 (100, 82, 81, 80) *102 Listings that went conditional/pending: 169 (165, 167, 135, 153) *134 Expired/Cancelled/Withdrawn: 61 (102, 54, 69, 75) *81 Total Active Halifax/Dartmouth Inventory: 3,160 (3,150, 3,075, 3,117, 3,096) +3,722 Absorption Rate in weeks: 25 (26, 26, 27, 30) *30 Single Family Home Stats Active Single Family Home: 1,700 (1,674, 1,629, 1,656, 1,657) *2,047 Average Single Family Home List Price: $336,540 ($344k,$334k,$313k,$331k) *$301k Average Single Family Home Selling Price: $329,548 ($337k,$326k,$303k,$324k) *$291k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $289,250 ($290k,$290k,$286k,$290k)*$276k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 55 (78, 69, 79, 66) *88 Condo Stats Active Condos: 260 (298, 259, 261, 254) *368 Average Condo Listing Price: $295,268 ($226k, $229k, $266k, $293k) *$242k Average Condo Selling Price: $285,009 ($215k, $221k, $256k, $285k) *$232k Condo Sale to List Ratio This Week: 97% (95%, 95%, 96%, 97%) 96% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$240k Median Condo Sold Price (6 mo): $232,000 ($230k, $231k, $232k, $232k) *$234k Average Days on Market Condos: 51 (108, 93, 71, 60) *97 Active Vacant Lots: 939 (932, 911, 920, 918) *986 Market Rant Well, that's two weeks in a row! Even though the inventory gain was very marginal, it still fell into the increasing trend, which is the way the market usually goes around this time of year. New listing additions weren't a huge influence this week, although they helped, and sales reported higher than average, so you have to wonder where the numbers are coming from. Vacant lot inventory increased this week, so too did single family homes, but Condo inventory decreased significantly, so you would think that with the amount of sales and fewer new additions that inventory would have balanced out, I guess we came pretty close. The above average sales activity looks as though it will continue into next week, at the least, as the listings that reported conditional pending stayed above the norm again this week. So it looks like it's "business as usual" again, where "usual" means increased sales, lack of inventory, less time on market for sellers, and lots of buyer activity. I, for one, welcome this new market, and I hope it sticks around for the foreseeable future! Thanks for stopping by, and be sire to check in to stay on top of the market! The Weekly Adogtable! BELLA is up to date on on vaccinations. No issues with physical manipulations, enjoys her humans handling her, body, face and feet. No bite history. No resource guarding. High energy and Loves to play with other dogs. Great with even the shyest and the moodiest ones, and they all love her. Cat friendly, but very playful with them. Bella is a friendly gal that loves to play and easily gets excitable, jumpy and boisterous. If you tell her to stop, she listens and needs someone who can give her structure. No separation anxiety. Good on leash and learning basic obedience. 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 February - March 7th 28th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 330 (189, 218, 248, 250) *365 Sold: 126 (111, 129, 114, 119) *135 Sale To Listing Ratio: 38% (59%, 59%, 46%, 48%) *37% Price Changes: 100 (82, 81, 80, 103) *127 Listings that went conditional/pending: 165 (167, 135, 153, 133) *169 Expired/Cancelled/Withdrawn: 102 (54, 69, 75, 168) *172 Total Active Halifax/Dartmouth Inventory: 3,150 (3,075, 3,117, 3,096, 3,074) +3,686 Absorption Rate in weeks: 26 (26, 27, 30, 33) *32 Single Family Home Stats Active Single Family Home: 1,674 (1,629, 1,656, 1,657, 1,671) *2,010 Average Single Family Home List Price: $344,051 ($334k,$313k,$331k,$324k) *$349k Average Single Family Home Selling Price: $337,433 ($326k,$303k,$324k,$315k) *$336k Single Family Home Sale to List Ratio This Week: 98% (98%, 97%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$286k,$290k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 78 (69, 79, 66, 76) *93 Condo Stats Active Condos: 298 (259, 261, 254, 242) *370 Average Condo Listing Price: $225,900 ($229k, $266k, $293k, $307k) *$277k Average Condo Selling Price: $215,000 ($221k, $256k, $285k, $295k) *$266k Condo Sale to List Ratio This Week: 95% (95%, 96%, 97%, 96%) 96% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$239k Median Condo Sold Price (6 mo): $230,000 ($231k, $232k, $232k, $230k) *$233k Average Days on Market Condos: 108 (93, 71, 60, 102) *80 Active Vacant Lots: 932 (911, 920, 918, 900) *980 Market Rant And we're off! Finally! All it took was a snow storm for the inventory to take off! I'm sure that wasn't planned, it just so happened that mother nature had other ideas last week. All tracked products increased this week, with condo's making the largest percentage gain. Despite the frigid temps and hazardous conditions, properties moved this week without much variation from the previous few weeks. If anything, there was actually a few more than we saw at the beginning of February, which just goes to show that sometimes even blizzards can't halt progress. Single largest addition week of the year so far, but those listings were met with a positive reception and open arms of buyers, especially those who have been looking for a while. The expired/cancelled pool is still quite low this week, but we haven't hit the Spring market yet and it's still quite early in the year, so the expectation is that those numbers will remain low as long as the market performs the way it has been. With the Winter finally winding down, the Spring market is next up on the docket, and I for one am interested to see which direction things go. Stay tuned to stay up to date, and thanks for stopping by! The Weekly Adogtable! Yvor is a typical bull dog but with an adorable quirky neurological condition that makes his mannerisms seem uncoordinated. Weighing only 42 lbs, this boy is petite but makes up for it in personality. Good with cats and dogs with proper introductions. Has been around horses and kids. Suspected food allergy from being fed poor diet and needs a good teeth cleaning. Loly is a female aged 6 years old with medium energy. She is spayed, microchipped , vaccinated and on parasite prevention. Loving temperament and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food. Yvor has a barely detectable heart murmur (2/6) like lots of bull dogs and boxers typically have. He is learning basic obedience and is happy-go-lucky pup that just wants to meet everyone he sees. 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 |
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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