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Halifax (HRM) Residential Market Statistic Update for the Week of April 20th - April 27th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 432 (295, 402, 416, 306) *393 Sold: 167 (132, 174, 141, 112) *155 Sale To Listing Ratio: 37% (45%, 43%, 34%, 37%) *39% Price Changes: 200 (145, 164, 166, 156) *193 Listings that went conditional/pending: 214 (159, 173, 176, 145) *182 Expired/Cancelled/Withdrawn: 144 (89, 115, 230, 73) *106 Total Active Halifax/Dartmouth Inventory: 4,755 (4,686, 4,686, 4,596, 4,577) *4,961 Absorption Rate in weeks: 31 (34, 34, 38, 43) *37 Single Family Home Stats Active Single Family Home: 2,881 (2,817, 2,805, 2,733, 2,696) *3,333 Average Single Family Home List Price: $329,874 ($350k, $320k, $298k, $313k) *$302k Average Single Family Home Selling Price: $320,110 ($338k, $309k, $287k, $305k) *$293k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $279,900 ($280k, $275k, $275k, $278k)*$277k Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$268k,$266k,$268k)*$271k Average Days on Market Single Family Home: 100 (86, 85, 115, 89) *98 Condo Stats Active Condos: 499 (468, 463, 466, 465) *446 Average Condo Listing Price: $269,100 ($236k, $249k, $224k, $252k) *$275k Average Condo Selling Price: $260,911 ($231k, $234k, $215k, $244k) *$267k Condo Sale to List Ratio This Week: 98% (98%, 95%, 96%, 97%) 97% Median Condo List Price (6 mo): $224,950 ($224k, $224k, $220k, $225k) *$283k Median Condo Sold Price (6 mo): $215,000 ($215k, $215k, $215k, $215k) *$271k Average Days on Market Condos: 95 (162, 161, 70, 56, 87) *75 Active Vacant Lots: 1,125 (1,168, 1,164, 1,154, 1,174) *949 Market Rant April listings bring May buyers? Well that doesn't rhyme... Hello everyone, and welcome the the Halifax Real Estate Blog's weekly market rant! That listing reluctance that I have been talking about over the past few weeks certainly slowed down this week. This week witnessed the highest new additions to the market of the year so far, but it was a bit of a mixed report. Where single family homes witnessed the largest gain in numbers, condos actually gained more in percentage (+6% vs sfh 3%). In another odd event, vacant land numbers reduced again this week, but this time quite considerably. Where land has been on the slow incline over the past few years, as of late it's actually been reducing, this week by -4%. Doesn't seem like much, but it's certainly enough to raise an eyebrow and wonder what may be happening to that market. I talked a few weeks back about the financing aspect of land purchase, so that could be contributing to its lack of saleability, or, things are starting to move. Speaking of, Sellers are starting to do the same thing...move! Spring is FINALLY starting to warm up, and so too is the market. More selection has started to relieve the Buyer build-up that has been developing, and certainly, Sellers across the board must have felt the welcoming of an active Spring market. As that pressure is relieved however, late starters to the market may find themselves without a dance partner, so if you where thinking of listing, it might be a good idea to get your property on the market sooner than later. Thanks for stopping by!
Louie, Louie!WEEKLY ADOPTABLE Louie the Amstaff mix is looking for a new home to call is own. This guy hasn't really been exposed to much in life, so he will need an experienced dog owner that can show him how to properly behave, with the following home requirements: -A home free of other animals (cats, dogs, rabbits), as he lacks socialization -A home with children over the age of 15 -Obedience training mandatory -Living an active lifestyle Louie is a very smart boy, who listens well with commands but does need time to build a bond with his new owner. He should be taken out for walks frequently since he has lots of energy to burn. If you're interested in Louie, visit him during our adoption hours: Mon-Fri 2pm-6pm and Sat-Sun 12pm-3pm. This "cuddly companion" 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 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!  The ViewPoint.ca Interactive Property Map 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. 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 Market Statistic Update for the Week of April 13th - April 20th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 295 (402, 416, 306, 289) *393 Sold: 132 (174, 141, 112, 117) *155 Sale To Listing Ratio: 45% (43%, 34%, 37%, 41%) *39% Price Changes: 145 (164, 166, 156, 116) *193 Listings that went conditional/pending: 159 (173, 176, 145, 163) *182 Expired/Cancelled/Withdrawn: 89 (115, 230, 73, 78) *106 Total Active Halifax/Dartmouth Inventory: 4,686 (4,686, 4,596, 4,577, 4,490) *4,961 Absorption Rate in weeks: 34 (34, 38, 43, 43) *37 Single Family Home Stats Active Single Family Home: 2,817 (2,805, 2,733, 2,696, 2,639) *3,333 Average Single Family Home List Price: $350,164 ($320k, $298k, $313k, $314k) *$302k Average Single Family Home Selling Price: $337,717 ($309k, $287k, $305k, $306k) *$293k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $279,900 ($275k, $275k, $278k,$279k) *$277k Median Single Family Home Sold Price (6 mo): $269,900 ($268k,$266k,$268k,$268k)*$271k Average Days on Market Single Family Home: 86 (85, 115, 89, 86) *98 Condo Stats Active Condos: 468 (463, 466, 465, 452, 440) *446 Average Condo Listing Price: $236,023 ($249k, $224k, $252k, $334k) *$275k Average Condo Selling Price: $231,316 ($234k, $215k, $244k, $320k) *$267k Condo Sale to List Ratio This Week: 98% (95%, 96%, 97%, 96%) 97% Median Condo List Price (6 mo): $224,200 ($224k, $220k, $225k, $225k) *$283k Median Condo Sold Price (6 mo): $215,000 ($215k, $215k, $215k, $218k) *$271k Average Days on Market Condos: 162 (161, 70, 56, 87, 146) *75 Active Vacant Lots: 1,168 (1,164, 1,154, 1,174, 1,161) *949 Market Rant Although there is positive Buyer activity out there, it seems there is still a reluctance to engage in the Spring market. Listings took a bit of a nap this week and reported much lower than usual, but that was also met with lower Buyer interest. The market still seems a bit sleepy, especially for this time of year, but no doubts there is a burst on the verge of happening. Activity overall was down this week, and I would imagine the Easter weekend was a factor, as Buyers and Sellers took the time to spend with friends and family rather than getting their property needs worked on. Certainly, the next few weeks will set the tone for the Spring summary, and gauge if the late start will ebb into the Summer. Keep a pulse on the market by checking in to the Halifax Real Estate blog, and find out how things shake out! Thanks for stopping by!  WEEKLY ADOPTABLE Owner surrender and he is terrified and timid since drop off./ He whines and is afraid of crates. Very hungry and skinny Dogs: yes very playful and polite Cats: unknown kids: Absolutely!! strangers: wonderful! Miko has no bite history and is also not very uninterested in toys. He does pulls on the leash. and weights about 60 pounds. This "cuddly companion" is available through Good Bones Dog 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 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!  The ViewPoint.ca Interactive Property Map 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. 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 Market Statistic Update for the Week of April 6th - April 13th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 402 (416, 306, 289) *518 Sold: 174 (141, 112, 117) *144 Sale To Listing Ratio: 43% (34%, 37%, 41%) *37% Price Changes: 164 (166, 156, 116) *190 Listings that went conditional/pending: 173 (176, 145, 163) *184 Expired/Cancelled/Withdrawn: 115 (230, 73, 78) *104 Total Active Halifax/Dartmouth Inventory: 4,686 (4,596, 4,577, 4,490) *4,867 Absorption Rate in weeks: 34 (38, 43, 43) *39 Single Family Home Stats Active Single Family Home: 2,805 (2,733, 2,696, 2,639) *3,277 Average Single Family Home List Price: $319,464 ($298k, $313k, $314k) *$292k Average Single Family Home Selling Price: $309,333 ($287k, $305k, $306k) *$278k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *95% Median Single Family Home List Price (6 mo): $275,000 ($275k, $278k,$279k) *$260k Median Single Family Home Sold Price (6 mo): $267,500 ($266k,$268k,$268k)*$248k Average Days on Market Single Family Home: 85 (115, 89, 86) *100 Condo Stats Active Condos: 463 (466, 465, 452) *434 Average Condo Listing Price: $247,878 ($224k, $252k, $334k) *$292k Average Condo Selling Price: $234,253 ($215k, $244k, $320k) *$278k Condo Sale to List Ratio This Week: 95% (96%, 97%, 96%) 95% Median Condo List Price (6 mo): $223,500 ($220k, $225k, $225k) *$260k Median Condo Sold Price (6 mo): $214,950 ($215k, $215k, $218k) *$248k Average Days on Market Condos: 161 (70, 56, 87, 146) *100 Active Vacant Lots: 1,164 (1,154, 1,174, 1,161) *933 Market Rant Well that escalated quickly! Buyer activity was being tracked as "decent and increasing" over the last few weeks, and this week is no exception. Another good spell of offers have been accepted this week, which should lead to similar strength sales in the coming weeks, but there is the period of due diligence to wade, which could be as short as 4 days, or as long as a few months! Many new buyers, and even seller, aren't always aware of the due diligence period criteria, and what happens during that time. It used to be the golden three; financing, insurance, inspection, but now there is a variety of different conditions included in the standard offer documents, as well as other conditions that may vary from realtor to realtor. I personally have a two page "Schedule" that takes care of things I've learned over the years, which helps protect my clients from things that might not be a consideration during the excitement of the offer process. It is still a "buyer beware" atmosphere out there, but with new documents and realtors specializing in buyer representation, there is a power shift when represented by the right person ;) Thanks for stopping by!  Such a handsome fella, meet Mouse! WEEKLY ADOPTABLE Age: 2 Years Old Sex: Male Breed: Neutered Yes: Vaccinated: Yes Micro Chipped: Adoption Status: AVAILABLE Meet the latest Good Bones Dog, Mouse. He is Dog friendly but not sure about kids or cats yet. This "cuddly companion" is available through Good Bones Dog 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 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!  The ViewPoint.ca Interactive Property Map 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. 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 Better than new! Welcome to desirable Royal Hemlocks of Bedford and this stunning executive style townhouse. Boasting over 2,200 sqft of space over three developed levels, and adorned with all the bells and whistles, this property is sure to impress! The main floor features 9ft ceilings, spacious living room with a natural gas fireplace accented with stone, convenient powder room, chefs dream kitchen with natural gas stove, tons of cabinet space, granite countertops, and open to the bright and airy dining room. Upstairs you will find the spacious master bedroom with cathedral ceilings complete with ensuite bath and spa like shower. Handy laundry location, full bath, and two generously sized bedrooms. The lower walkout level hosts a sizeable recreation room, access to the attached garage, and additional powder room. The back deck overlooking the fully fenced yard is perfect for relaxing, or a BBQ with friends. With all appliances and window coverings included, you just have to move in and enjoy your new home! Energuide rated and under warranty, this value priced bundle is sure to get snapped up quickly! Call today for a personal tour and don’t miss the virtual video tour! Jeremiah 902.579.7653 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! Halifax (HRM) Residential Market Statistic Update for the Week of March 30th - April 6th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 416 (306, 289, 345, 370) *496 Sold: 141 (112, 117, 118, 89) *131 Sale To Listing Ratio: 34% (37%, 41%, 34%, 24%) *26% Price Changes: 166 (156, 116, 125, 137) *238 Listings that went conditional/pending: 176 (145, 163, 160, 105) *179 Expired/Cancelled/Withdrawn: 230 (73, 78, 72, 97) *215 Total Active Halifax/Dartmouth Inventory: 4,596 (4,577, 4,490, 4,459, 4,367) *4,776 Absorption Rate in weeks: 38 (43, 43, 44, 48) *38 Single Family Home Stats Active Single Family Home: 2,733 (2,696, 2,639, 2,624, 2,555) *3,207 Average Single Family Home List Price: $297,459 ($313k, $314k, $357k, $325k) *$297k Average Single Family Home Selling Price: $286,961 ($305k, $306k, $346k, $316k) *$287k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $274,900 ($278k, $279k, $276k,$279k) *$270k Median Single Family Home Sold Price(6 mo): $265,500 ($268k,$268k,$267k,$268k)*$264k Average Days on Market Single Family Home: 115 (89, 86, 89, 119) *86 Condo Stats Active Condos: 466 (465, 452, 440, 440, 414) *419 Average Condo Listing Price: $223,500 ($252k, $334k, $298k, $321k) *$260k Average Condo Selling Price: $215,000 ($244k, $320k, $290k, $303k) *$252k Condo Sale to List Ratio This Week: 96% (97%, 96%, 97%, 94%) 97% Median Condo List Price (6 mo): $219,900 ($225k, $225k, $225k, $230k) *$200k Median Condo Sold Price (6 mo): $215,000 ($215k, $218k, $219k, $220k) *$195k Average Days on Market Condos: 70 (56, 87, 146, 85, 113) *95 Active Vacant Lots: 1,154 (1,174, 1,161, 1,158, 1,138) *927 Market Rant .Welcome to the Spring market, although it sure doesn't fell like it out there. The first week if April is the unofficial marker for sellers to aim at, but the dreary forecast has put a "damper" on their plans. Still a good showing this week despite the white stuff, but definitely fell short of last years listing additions with that whopping 496 count. Buyer activity remains steady and on par with last year at this time, and did manage to surpass last years report. Values remain steady, although single family homes took a bit of an undercut, but overall prices are holding strong. I would be pretty vain to think my rant last week regarding vacant land had anything to do with the decrease in inventory in quite a while, but it does seem pretty coincidental, especially for this time of year! More likely, it was a few larger developments that have paused their listings to try again another day, but I wonder... With the first quarter in the bag, I will be interested to see how the market reported overall, and I plan on getting that report to the blog asap! You will have to stop by to see for yourself! Thanks for checking in, and don't hesitate to reach out should you have any questions regarding the Halifax Real Estate Market, or if you are thinking of buying or selling!  WEEKLY ADOPTABLE Meet Hunter. A 2 year old Rottweiller. He loves people, playing fetch and other dogs. He is social but cats unknown. He dislikes vets and is sensitive to touch around his head and neck so although he loves kids we say no kids because of this. This "cuddly companion" is available through Good Bones Dog 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 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!  The ViewPoint.ca Interactive Property Map 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. 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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