Halifax (HRM) Residential Market Statistic Update For Week of April 17th - April 24th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 466 (563, 531, 553, 387) *552
Sold: 127 (152, 107, 115, 97) *147
Sale To List Ratio: 27% (25%, 20%, 21%, 25%) *27%
Listings that went conditional/pending: 139 (133, 148, 137, 110)
Expired/Cancelled/Withdrawn:  59 (106, 80, 185, 75) *91
Total Active Halifax/Dartmouth Inventory:  5,040 (4,941, 4,820, 4,680, 4,611) *5,037
Active Single Family Home: 3,399 (3.307, 3,185, 3,084, 3.037) *3,356
Average Single Family Home List Price:  $289,440 ($287,264, $272,308, $296,066, $287,785) *320k
Average Single Family Home Selling Price:  $280,883 ($278,062, $264,936, $286,066, $277,215) *311k
Average Days On  Market Single Family Home: 114 (97, 103, 100, 89) *90
Active Condos:  502 (497, 494, 472, 475) *386
Average Condo Listing Price:  $263,477($269,868, $244,845, $268,471, $236,232) *288k
Average Condo Selling Price:  $255,762 ($260,267, $237,433, $259,771, $230,776) *280k
Average Days On Market Condos:  126 (97, 121, 92, 112) *120
Halifax/Dartmouth Absorption Rate (weeks):  116 (107, 102, 106, 102) *40

MARKET RANT
Just when the weather started looking up, well, you know the rest. Cold, wet, and dreary, that about sums up the recent climate here in Halifax. Soon enough things will return to bright and sunny days, and hopefully, an improved market. Not a big change in the stats this week, other then the usual. More listings have been added to the total inventory, and almost ten more weeks have been added to the absorption rate...yikes. The addition of new condo products is certainly not helping re-sale units, which have now reached a peak at 502 units this week. Looking back two years ago, there was only 225 units available, which is a 123% change to this year. That's a pretty impressive change for a single product, could you imagine if we witnessed an increase like that in residential re-sale homes, or new construction? It would cause severe damage to the already weak market, and give almost no chance of a mid term recovery. 

NOTABLE NEWS
Just when you thought that new home prices where a bit high, well, they are about to get higher thanks to the Halifax Regional Water Commission. This article explains a new levy imposed by the commission, upping the cost to a proposed $6,000 in application costs. Not the greatest news for consumers of the product, and surely a fee that is quite unwelcome by builders as well.

More water woes! Have you heard about the new "ditch tax" here in HRM? Well, apparently quite a few have and are fighting made over a charge to their property that is not even applicable. There is some other bits of info for you to mull over as well if you decide to pop over and have a read. 

WEEKLY ADOGTABLE
Meet Gear! His current foster has done a lot of work with him, and is now a great walker, and has gained confidence when meeting new people. He would do best in a home with a female dog, or laid back dog. No children, as he is still quite nervous of them. He is fine with cats. 
This spunky fella is available through PitProject Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty, real estate map? Its a great tool for all your real estate 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!

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 leave a public comment or question below. 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. Thanks for stopping by!


Newest blog post HERE

Only 3 years old!! This home boasts three finished levels and a fully fenced yard on a quiet cul-de-sac street. The main level offers a formal dining room, seperate family room, powder room and a large open concept kitchen/living room perfect for entraining. The great sized master bedroom has a walk-in closet and ensuite with a corner air-jet tub, separate stand-up shower and large vanity with his and her sinks. In addition to the master the 2nd floor also offers a full 4 piece bathroom and two large bedrooms, each with a large walk-in closet. The basement is warm and inviting with an insulated subfloor, large rec-room, office/den, 4th bedroom and 3 piece bathroom. This home is complimented by the paved double car driveway, single car attached garage with loft storage, a high efficiency electric boiler for baseboard heat, and is conveniently located close to all amenities and highway access. Check out the virtual tour as this home will not disappoint! To get more information about this listing simply click HERE.

Halifax (HRM) Residential Market Statistic Update For Week of April 10th - April 17th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 563 (531, 553, 387, 422) *573
Sold: 152 (107, 115, 97, 122) *153
Sale To List Ratio: 27% (20%, 21%, 25%, 29%) *26%
Listings that went conditional/pending: 133 (148, 137, 110, 136)
Expired/Cancelled/Withdrawn:  106 (80, 185, 75, 109) *83
Total Active Halifax/Dartmouth Inventory:  4,941 (4,820, 4,680, 4,611, 4,541) *4,933
Active Single Family Home: 3,307 (3,185, 3,084, 3.037, 2,960) *3,287
Average Single Family Home List Price:  $287,264 ($272,308, $296,066, $287,785, $301,034) *310k
Average Single Family Home Selling Price:  $278,062 ($264,936, $286,066, $277,215, $290,534) *302k
Average Days On  Market Single Family Home: 97 (103, 100, 89, 112) *80
Active Condos:  497 (494, 472, 475, 470) *371
Average Condo Listing Price:  $269,868 ($244,845, $268,471, $236,232, $250,670) *296k
Average Condo Selling Price:  $260,267 ($237,433, $259,771, $230,776, $241,520) *289k
Average Days On Market Condos:  97 (121, 92, 112, 92) *107
Halifax/Dartmouth Absorption Rate (weeks):  107 (102, 106, 102, 101) *40

MARKET RANT
Almost a mirror image from last years numbers this week. Lots of new inventory on the market this week, and sales had a decent improvement from the last few weeks performance. It's actually amazing just how close the stats are this week compared to last year, difference being single digits in some cases. A few days of sunshine may have helped out this week, with the sun came an increased amount of inquires and activity around the market. Still, much like last year, the general feeling is of reluctant curiosity, and an weary attitude towards the unchanging position of our market. There was however, a couple more articles of interest that I wanted to share with my readers again this week.

The first article is the second of it's kind in as many weeks. Its actually hot on the heels of the article I looked for feedback on from my faithful readers, and again, I would like to see what your thoughts are about it. It's another "fluff" spot on our market here in Halifax with regards to improvements in the forecast, even though there is no indicators provided. There is another, more realistic view on the market that is worth a read as well. Although some points may be a tad off  line, the acknowledgement of the true state of the market is in my opinion, a bit more refreshing.

And lastly, for all those people who think that "we have enough condo's, so stop building them", well guess what? more condo's! Gear towards the budget savvy, these units will be available for purchase starting at just under $200k, did I mention that they are located in the north end? While some people find the price tag intriguing, others are not so optimizing about the "all in" cost of the units, as price per sqft, and condo fees may make buyers dig a little deeper into their pockets then expected.

Anyways, always happy to hear your thoughts on things, so feel feel to leave a comment below. Thanks for stopping by and have a great Easter weekend!

WEEKLY ADOGTABLE
Hello, Dr.Dolittle here :) I'm so happy and bouncy and the girls say I'm a huge ham, I LOVE HAM!! I would love to find a home where I can run and play all day long. I would be best in a home with no small children.
This peppy pal is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

ViewPoint Realty
Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention it is now more rewarding then ever to become a ViewPoint Client. 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!

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 leave a public comment or question below. 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.


Newest blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of April 3rd - April 10th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 531 (553, 387, 422, 503) *616
Sold: 107 (115, 97, 122, 125) *109
Sale To List Ratio: 20% (21%, 25%, 29%, 26%) *18%
Listings that went conditional/pending: 148 (137, 110, 136, 139)
Expired/Cancelled/Withdrawn:  80 (185, 75, 109, 88) *104
Total Active Halifax/Dartmouth Inventory:  4,820 (4,680, 4,611, 4,541, 4,506) *4,791
Active Single Family Home: 3,185 (3,084, 3.037, 2,960, 2,938) *3,187
Average Single Family Home List Price:  $272,308 ($296,066, $287,785, $301,034, $276,316) *293k
Average Single Family Home Selling Price:  $264,936 ($286,066, $277,215, $290,534, $266,136) *287k
Average Days On  Market Single Family Home: 103 (100, 89, 112, 108) *93
Active Condos:  494 (472, 475, 470, 461) *353
Average Condo Listing Price:  $244,845 ($268,471, $236,232, $250,670, $232.800) *293k
Average Condo Selling Price:  $237,433 ($259,771, $230,776, $241,520, $223,278) *281k
Average Days On Market Condos:  121 (92, 112, 92, 178) *191
Halifax/Dartmouth Absorption Rate (weeks):  102 (106, 102, 101, 94) *112

MARKET RANT
Well, at least the weather is improving! We didn't crest above the 600 new addition mark as the previous 2 years this week, but we still managed a healthy gain once more on the market. Sales have somewhat stabilized and are averaging around 115 in a week, but with 531 new listings, makes it a bit of a challenge to get noticed. The sales to list ratio fell another point this week, but strangely enough, the absorption rate declined. Values for both products remain steady, but the both experienced smaller averages this week, which has been the ebb and flow of sale prices this year so far. So not a whole lot of change to the market, and certainly no indicators of improvements. One thing we have going for us this week is our location!

According to a recent zombie survival analysis, Halifax would be the fourth best place to live out the remainder of your days during a zombie apocalypse. Certainly the ocean would be of great help, and our vastly dispersed, and rural population. Coming in at number one was Edmonton, AB, with cold climate and military to stave off the hoards of hungry "walkers", and Windsor, ON coming in "dead" last. Is that something to add to the features list of your listing? most certainly not. But it is food for thought for all of those living on the peninsula! haha. 

Another bit of news that I wanted to toss at my readers this week, is the article posted in the CH regarding our market here in Halifax. If you have time, give it a read! I would be interested to hear what my HREB readers have to say about it. Thanks for stopping by!

WEEKLY ADOGTABLE
Hi, my name is Tony. I'm a super happy boy(who smiles all day) searching for a family to call my own! I love to bounce and play, and the girls say I have very good manners. Come meet me today" 

Weight 31kg/68lbs
MORE ABOUT TONY
House trained • Spayed/Neutered • Shots Current
This peppy pal is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

ViewPoint Realty
Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention it is now more rewarding then ever to become a ViewPoint Client. 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!

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 leave a public comment or question below. 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.


Newest blog post HERE

Well, at least we're not at the bottom of the pile last month, that award goes to 2013. The next two months will be critical in the yearly performance as the peak sales month of the year quickly approaches. Let's see if the momentum carries.

Average sale prices took a southern dive last month,  and settling in 5th place, which as annual trend shows, is an abnormal month indeed. As you can see by the graph, if there is to be odd statistical areas of the year, the first quarter is it.

If you tune into the blog on a weekly basis, then the inflated inventory level should be no surprise, and  last month is no exception. As the piles of renewed and new listings hit the market, our inventory continues to climb to all new heights, and with demand not accommodating supply, we continue to bask in the buyers market here in Halifax. Good news for buyers who are out there, not so good for the 4500 properties currently on the market. Thanks for stopping by!

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 leave a public comment or question below. 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.


Newest blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of March 27th-April 3rd 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 553 (387, 422, 503, 484) *490
Sold: 115 (97, 122, 125, 98) *133
Sale To List Ratio: 21% (25%, 29%, 26%, 20%) *27%
Listings that went conditional/pending: 137 (110, 136, 139, 146)
Expired/Cancelled/Withdrawn:  185 (75, 109, 88, 159) *165
Total Active Halifax/Dartmouth Inventory:  4,680 (4,611, 4,541, 4,506, 4,400) *4,594
Active Single Family Home: 3,094 (3.037, 2,960, 2,938, 2,850) *3,037
Average Single Family Home List Price:  $296,890 ($287,785, $301,034, $276,316, $275,268) *279k
Average Single Family Home Selling Price:  $286,066 ($277,215, $290,534, $266,136, $268,132) *275k
Average Days On  Market Single Family Home: 100 (89, 112, 108, 125) *92
Active Condos:  472 (475, 470, 461, 446) *337
Average Condo Listing Price:  $268,471 ($236,232, $250,670, $232.800, $267,500) *274k
Average Condo Selling Price:  $259,771 ($230,776, $241,520, $223,278, $253,966) *265k
Average Days On Market Condos:  92 (112, 92, 178, 131) *70
Halifax/Dartmouth Absorption Rate (weeks):  106 (102, 101, 94, 89) *42

MARKET RANT
"April showers bring May flowers", but what does April snow bring? Apparently more listings! April 1st is not just a day to pull a prank on someone, it's also what many folks believe to be the start of the Spring market. The lead up to the Spring market actually started a few weeks back, with some of the early birds catching the proverbial worm, and giving others a taste of what challenges may await them. I would got out on a limb and say that the first couple weeks of April is traditionally the highest listing addition time of the year. Might have to run the stats a little more to confirm, but just looking back two years ago, there was 500+ a week for April (one week in the high 600's), and last year much the same. 2012 and 13 both had their 600+ inventory gain next week, so I will be anxious to see if we see that same rate on the next report! All other statistics are tracking the same as they have been as of late. Mid-low sales, loads of inventory, long days on market, and an ever gaining absorption rate. Looks like some warmer weather is in the forecast for now, so lets hope the warmer climate has the same effect on the market. Thanks for stopping by!

WEEKLY ADOGTABLE
Mocha is between 12-18 months old fully vaccinated and spayed , currently in foster with another dog and get's along great. Mocha is a petite girl and very loving , she hasn't been around cats but we can cat test if required , Mocha would make a great addition to any household.
This glamorous gal is available through Nova Scotia Pit Bull Rescue Society ,  a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

ViewPoint Realty
Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention it is now more rewarding then ever to become a ViewPoint Client. 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!

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 leave a public comment or question below. 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.


Newest blog post HERE