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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 205 (205, 177, 176, 165) *192 Sold: 123 (121, 122, 100, 90) *98 Sale To Listing Ratio: 60% (60%, 69%, 57%, 55%) *51% Price Changes: 77 (87, 73, 57, 38) *55 Conditional Sale: 136 (136, 143, 138, 128) *132 Expired/Cancelled/Withdrawn: 30 (31, 23, 67, 27) *21 Total Active Halifax/Dartmouth Inventory: 1,316 (1,278, 1,260, 1,251, 1,277) *1,158 Absorption Rate: 11 (12, 13, 14, 14) *13 Single Family Home Stats Active Single Family Home: 649 (633, 622, 618, 622) *564 Average Single Family Home List Price: $599,435 ($606k, $583k, $573k, $570k,) *$582k Average Single Family Home Selling Price: $603,491 ($607k, $589k, $576k, $564k) *$582k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo): $525,000 ($522k,$519k,$500k,500k) *$480k Median Single Family Home Sold Price(6 mo):$526,500 ($525k, $520k, $520k,$520k)*$475k Average Days on Market Single Family Home: 35 (40, 38, 46, 31) *32 Condo Stats Active Condos: 124 (113, 115, 104, 105) *78 Average Condo Listing Price: $470,486 ($518k, $493k, $369k, $488k) *$437k Average Condo Selling Price: $476,345 ($514k, $488k, $372k, $486k) *$440k Condo Sale to List Ratio This Week: 101% (99%, 99%, 101%, 99%) *101% Median Condo List Price (6 mo): $435,000 ($439k, $434k, $438k, $440k) *$400k Median Condo Sold Price (6 mo): $429,400 ($430k, $426k, $428k, $428k) *$405k Average Days on Market Condos: 23 (23, 29, 9, 36, 38) *19 Active Vacant Lots: 392 (389, 385, 384, 397) *377 Market Rant Looks like last week wasn't a false start after all! For the fourth consecutive week there was an overall inventory gain, and the second time in as many weeks, the weekly additions hit over 200 products. Sales edged up slightly this week, but property receiving and accepting offers stayed steady, which is a bit surprising given the fact more available properties = more options for buyers = more sales, but that doesn't seem to be the case at the moment. Is the buyer pool shrinking? or perhaps more properties are sticking around depending on pricing and location. In most areas close in and around the core buyer activity is still quite strong, with multiple offers still happening, causing sale prices to topple over asking price. This trend is not uncommon in Halifax as of late, especially for certain locations and prices. Even before the pandemic market Halifax was seeing this type of situation, the difference now is that the overspend is not as wild and buyers seem to have a bit more patience thanks to the cooling market and market deflation measures taken by the government. Still early yet, but maybe this will be the year that we see a return of regular Halifax market trend. Only time will tell, and I have you covered, so stay tuned to the blog to keep on top of the 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 205 (177, 176, 165, 165) *165 Sold: 121 (122, 100, 90, 86) *85 Sale To Listing Ratio: 60% (69%, 57%, 55%, 52%) *51% Price Changes: 87 (73, 57, 38, 52) *44 Conditional Sale: 136 (143, 138, 128, 106) *108 Expired/Cancelled/Withdrawn: 31 (23, 67, 27, 17) *29 Total Active Halifax/Dartmouth Inventory: 1,278 (1,260, 1,251, 1,277, 1,276) *1,130 Absorption Rate: 12 (13, 14, 14, 13) *13 Single Family Home Stats Active Single Family Home: 633 (622, 618, 622, 630) *552 Average Single Family Home List Price: $605,765 ($583k, $573k, $570k, $575k) *$565k Average Single Family Home Selling Price: $607,396 ($589k, $576k, $564k, $576k) *$567k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $522,250 ($519k,$500k,500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$525,000 ($520k, $520k,$520k, $519k)*$475k Average Days on Market Single Family Home: 40 (38, 46, 31, 36) *27 Condo Stats Active Condos: 113 (115, 104, 105, 98) *79 Average Condo Listing Price: $518,040 ($493k, $369k, $488k, $453k) *$435k Average Condo Selling Price: $514,422 ($488k, $372k, $486k, $447k) *$444k Condo Sale to List Ratio This Week: 99% (99%, 101%, 99%, 99%) *102% Median Condo List Price (6 mo): $438,700 ($434k, $438k, $440k, $432k) *$408k Median Condo Sold Price (6 mo): $429,450 ($426k, $428k, $428k, $425k) *$406k Average Days on Market Condos: 23 (29, 9, 36, 39, 37) *10 Active Vacant Lots: 389 (385, 384, 397, 394) *368 Market Rant With March break in the books, we should start to see listings come to market in higher volume from week to week until the end of Spring. It's off to a slow start, but definitely a few more listings this week, pushing over 200 new products to market the highest addition this year so far. This trend should continue as we hit the second quarter, which I'm sure is a welcome sight to current buyers out there scouring options. Last year at this time there was a pause in listing activity for some reason, which caused a heated sellers market for the first half of the year really. Potentially, the backlog was created by the issue that could easily have solved it, more inventory! With homeowners looking to make a local move, there was really no options to allow the property ladder climb. Anyone looking to make a move locally just couldn't find a lot of options, and competing with buyers that didn't have a property to sell likely caused some disappointment. This chunk of missing inventory added to the already measly market offering, solidifying the high prices that didn't have to adjust due to high buyer pressure. It did get better for buyers out there, and the end of the year really showed some promise. The speculation going into 2024 was that we would see a return of typical Halifax market trend, and so far so good. If things continue as predicted, look to the coming weeks to pad the stats, especially in the listing option department. Just getting started though, so 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 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: 177 (176, 165, 165, 146) *185 Sold: 122 (100, 90, 86, 98) *100 Sale To Listing Ratio: 69% (57%, 55%, 52%, 67%) *54% Price Changes: 73 (57, 38, 52, 35) *54 Conditional Sale: 143 (138, 128, 106, 114) *110 Expired/Cancelled/Withdrawn: 23 (67, 27, 17, 29) *34 Total Active Halifax/Dartmouth Inventory: 1,260 (1,251, 1,277, 1,276, 1,259) *1,119 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 622 (618, 622, 630, 623) *529 Average Single Family Home List Price: $583,951 ($573k, $570k, $575k, $615k) *$626k Average Single Family Home Selling Price: $589,129 ($576k, $564k, $576k, $616k) *$627k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $519,400 ($500k,500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$520,000 ($520k, $520k, $519k, $518k)*$475k Average Days on Market Single Family Home: 38 (46, 31, 36, 40) *32 Condo Stats Active Condos: 115 (104, 105, 98, 98) *78 Average Condo Listing Price: $493,030 ($369k, $488k, $453k, $666k) *$481k Average Condo Selling Price: $487,867 ($372k, $486k, $447k, $647k) *$487k Condo Sale to List Ratio This Week: 99% (101%, 99%, 99%, 97%) *101% Median Condo List Price (6 mo): $433,875 ($438k, $440k, $432k, $434k) *$410k Median Condo Sold Price (6 mo): $426,000 ($428k, $428k, $425k, $425k) *$408k Average Days on Market Condos: 29 (9, 36, 39, 37, 40) *22 Active Vacant Lots: 385 (384, 397, 394, 390) *373 Market Rant The 2024 market year trajectory will likely be written in the next few months, but so far it's been a sleeper. If you look closely, there are small indications of a crawling market, like the increased price changes, the slowly increasing inventory, and mediocre new listing additions. On the other side of that coin, there are positive indicators, like the increased number of listings under agreement this week, the lacking expired/cancelled properties, and sales values, all of which are sending mixed messages about the current market environment. Buyer interest is piqued, but overpaying is not in the vocabulary of the current buyer mob. Even with limited choice, the current mentality seems to be a patient one, which has been carved from the bedrock of the pandemic market. Being on the fringe of the cooling market, savvy buyers take stock of current market conditions, especially since the winds of change are still blowing. Historically, the coming weeks will be the most exciting to buyers, lots of options and a chance to pick up a property without having to bet the farm. No doubt buyers are ready for a change, but much like last year, that chance might not come until much later in the year. Time will tell, and I have you covered, so 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: 176 (165, 165, 146, 140) *198 Sold: 100 (90, 86, 98, 100) *84 Sale To Listing Ratio: 57% (55%, 52%, 67%, 71%) *42% Price Changes: 57 (38, 52, 35, 35) *39 Conditional Sale: 138 (128, 106, 114, 90) *107 Expired/Cancelled/Withdrawn: 67 (27, 17, 29, 68) *44 Total Active Halifax/Dartmouth Inventory: 1,251 (1,277, 1,276, 1,259, 1,257) *1,096 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 618 (622, 630, 623, 624) *525 Average Single Family Home List Price: $571,927 ($570k, $575k,$615k, $576k) *$541k Average Single Family Home Selling Price: $576,287 ($564k, $576k, $616k, $577k) *$537k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *99% Median Single Family Home List Price (6 mo): $500,000 $500k,$500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$519,500 ($520k, $519k, $519k, $518k)*$475k Average Days on Market Single Family Home: 46 (31, 36, 40, 40) *31 Condo Stats Active Condos: 104 (105, 98, 98, 106) *78 Average Condo Listing Price: $368,800 ($488k, $453k, $666k, $554k) *$419k Average Condo Selling Price: $371,711 ($486k, $447k, $647k, $559k) *$416k Condo Sale to List Ratio This Week: 101% (99%, 99%, 97%, 101%) *99% Median Condo List Price (6 mo): $437,500 ($440k, $432k, $434k, $430k) *$410k Median Condo Sold Price (6 mo): $427,500 ($428k, $425k, $425k, $424k) *$405k Average Days on Market Condos: 9 (36, 39, 37, 40) *23 Active Vacant Lots: 384 (397, 394, 390, 385) *365 Market Rant Inventory continues to drag to market again this week, and because of listing reluctancy reductions were reported in all tracked products. The overall inventory itself is reporting close to the levels seen last year at this time, which goes against the grain of inventory gain predictions... so far at least. The big showcase will come in the next few weeks, and as we approach the Spring market hopefully there will be a surge in the supply, because the underlying demand is there, only to increase over the next few months. Without a balance or more available products, there will likely be intermittent and pocket returns to the hot sellers market we have seen come and go since last year. We are already seeing this kind of elevated activity in certain areas and price points in the city, so it is known that a bulk of buyers are standing by to snap things up, especially in the sub $550k pricing bracket. March break is upon us, and usually the time sellers will make a push to prepare their property for the market, so look to the following week to get a glimpse of the coming market. Will it be a feeding frenzy of listings, or will the inventory continue it's mediocre performance heading into the Spring. Time will tell, and I have you covered, so be sure to stay tuned to the blog to 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 |
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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