Halifax (HRM) Residential Market Statistic Update For Week of May 21st - May 28th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

New Listings: 707 (606, 654, 665, 590) *542
Sold: 186 (132, 167, 160, 143) *172
Sale To Listing Ratio: 26% (22%, 25%, 24%, 24%) *32%
Listings that went conditional/pending:  217 (186, 176, 150, 174, 150)  *176
Expired/Cancelled/Withdrawn:  96 (132, 164, 174, 66) *82
Total Active Halifax/Dartmouth Inventory:  5,650 (5,486, 5,337, 5,205, 5,095) *5,563
Active Single Family Home: 3,826 (3,718, 3,610, 3,491, 3,402) 3,761
Average Single Family Home List Price:  $305,734  ($337k, $295k, $291k, $294k) $315k
Average Single Family Home Selling Price:   $293,238 ($328k, $286k, $284k)  $304k
Single Family Home Sale to List Ratio This Week: 96% (98%, 97%, 96%, 97%) 
Average Days on Market Single Family Home: 115 (120, 110, 100, 112) *122
Active Condos:  565 (563, 556, 463, 557) *554
Average Condo Listing Price:  $255,822 ($256k, $260k, $257k, $258k) *$240k
Average Condo Selling Price:  $249,374 ($248k, $256k, $250k, $250k) *$243k
Condo Sale to List Ratio This Week: 98% (97%, 98%, 97%, 97%)
Average Days on Market Condos:  144 (140, 140, 90, 140) *117
Absorption Rate in weeks:  35 (46, 46, 47, 44) 
Active Vacant Lots: 941 (888, 864, 854, 853)

MARKET RANT

Watch out, big numbers coming through! We have a blog smasher this week, with the highest new listing addition in  a single week so far, a whopping 707!! Even more surprising was the peak of the year sales stat with a decent 182 sold properties, and another high number, conditional/pending status changes which also peaked this week. So what does that mean for the overall outlook? Well, values took a not of a hit, inventory is still over last year in all products, and days on market remain relatively unchanged, however, the absorption rate took a solid dive this week in reflection of these stats. I think what we are seeing here is much of what was anticipated, a little bit of catch up from the seemingly endless winter. Some solid stats for May so far though, and I anticipate them to be reflected in the monthly wrap up for May, which will be released early next month. Have a great week, and thanks for stopping by!

THE WEEKLY ADOGTABLE

Mahogany is a delightful 7 year old Amstaff searching for her new home! She has been great with everyone she has met, and even though she is a little older, is very lively! Mahogany LOVES her ball, so much that she even takes it out for walks with her. She would do well in a home with children, as she is very well behaved. She is cautious of cats, but we believe they could work in a home together if the introduction is done properly. Mahogany isn't tested with dogs yet, this will be done as soon as possible so stay tuned! She is currently on medications for some skin issues, with potential allergies - a hypoallergenic diet is recommended!

This "Girly girl" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about her, 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 property 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.

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

Hi folks, and thanks for stopping by! Much like previous years, the overall sales index has a slow but steady, peak and valley showing. Overall value was quite strong in April, and leading up to that point, it had steady growth unlike previous years that had reported quite sporadically at times. Not the highest overall reports this year, and so far, we have managed to just edge under the top spot for all four months, including April. 

Shouldn't really be a surprise at this point, but many may have been expecting to see these numbers a bit lower. No record smashers yet, but we have edged close a few times this year to the top spot. April's inventory total of 5,018 was the third highest report, beaten by 2013 (5,060) and 2009 (5,259). Still, this may be a delayed report due to our harsh winter, so the next few months will tell us if that holds true. 

Now if the other two charts did not surprise you, than this one certainly will. Although all speculation has been pointing to a positive "return" to a steady market, those predictions may be a bit on the premature side. April witnessed an all time low for sales overall, despite the buzz and buyer activity. Again, our weather may have been a factor in this report, as delayed listings and shut in buyers could not contribute their usual activity. As we edge towards warmer months and the city heats up (hopefully), many eagerly stand by to see if our market will trend in the same direction. Stay tuned to find out!

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 property 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. 

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 Week of May 14th - May 21st 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

New Listings: 606 (654, 665, 590, 533) *592
Sold: 132 (167, 160, 143, 125) *133
Sale To Listing Ratio: 22% (25%, 24%, 24%, 24%) *22%
Listings that went conditional/pending:  186 (176, 150, 174, 150, 162)  *159
Expired/Cancelled/Withdrawn:  132 (164, 174, 66, 92) *79
Total Active Halifax/Dartmouth Inventory:  5,486 (5,337, 5,205, 5,095, 4,896) *5,483
Active Single Family Home: 3,718 (3,610, 3,491, 3,402, 3,258) 3,703
Average Single Family Home List Price:  $336,712  ($295k, $291k, $294k, $306k) $299k
Average Single Family Home Selling Price:   $328,125 ($286k, $284k, $284k)  $290k
*Single Family Home Sale to List Ratio This Week: 98% (97%, 96%, 97%, 97%) 
Average Days on Market Single Family Home: 120 (110, 100, 112, 116) *97
Active Condos:  563 (556, 463, 557, 534) *553
Average Condo Listing Price:  $256,264 ($260k, $257k, $258k, $249k) *$254k
Average Condo Selling Price:  $248,002 ($256k, $250k, $250k, $241k) *$244k
*Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 97%)
Average Days on Market Condos:  140 (140, 90, 140, 77) *90
Absorption Rate in weeks:  46 (46, 47, 44, 46) 
Active Vacant Lots: 888 (864, 854, 853, 831)

MARKET RANT

Just by a whisker! Inventory gains this week nosed out the stats from last year at this time claiming top spot on the overall standings, and no signs of slowing are eminent. Much like last week, although high, the inventory additions are being matched by renewed buyer activity in areas of the HRM. Sales where down this week overall, but the continued drawdown of withdrawn/expired/cancelled listings have kept the sales to list ratio from getting out of hand. There seems to be a slow rotation trend in the market, and I think it's been around for the last few years it's just becoming more obvious as of late. The top tier of property, wether it be a good list price or location, are still seeing good performance and luck with buyers. The rest of the majority, however, are still feeling a little jaded with their selling experience and the expectation that their property should have been snapped up within days of market exposure. So with an average sales performance and a higher than average listing "chum", it gives the appearance of "duck market"...cool and calm on the surface gliding forward, but below the water, those little feet are just kicking to get anywhere. Thanks for stopping by!

Jayda is a 2 year old spayed Rottweiler female. She is high energy and needs training and will need a family who will dedicate lots of time to her what she needs to make her an awesome girl. Jayda will benefit from obedience training and plenty of exercise. She weighs 70 pounds and loves being around people. Her ideal home would be one where someone is home a lot, or works from homea strong dog savvy owner, and since she is so big and energetic, we highly recommend kids over 10 years of age. No cats please. 

This "Girly girl" is available through Litters N Critters, a non profit rescue organization from Dartmouth, Nova Scotia. More info about her, 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 property 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. 

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 Week of May 7th - May 14th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

New Listings: 654 (665, 590, 533, 518) *553
Sold: 167 (160, 143, 125, 112) *143
Sale To Listing Ratio: 25% (24%, 24%, 24%, 22%) *26%
Listings that went conditional/pending:  176 (150, 174, 150, 162, 146)  *158
Expired/Cancelled/Withdrawn:  164 (174, 66, 92, 91) *93
Total Active Halifax/Dartmouth Inventory:  5,337 (5,205, 5,095, 4,896, 4,756) *5,303
Active Single Family Home: 3,610 (3,491, 3,402, 3,258, 3,158) 3,624
Average Single Family Home List Price:  $294,907  ($291k, $294k, $306k, $287k) $324k
Average Single Family Home Selling Price:   $286,277 ($280,068, $284k, $296k)  $314k
*Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) 
Average Days on Market Single Family Home: 110 (100, 112, 116, 101) *103
Active Condos:  556 (463, 557, 534, 507) *535
Average Condo Listing Price:  $259,773 ($257k, $258k, $249k, $249k) *$266k
Average Condo Selling Price:  $255,789 ($250k, $250k, $241k, $241k) *$259k
*Condo Sale to List Ratio This Week: 98% (97%, 97%, 97%, 97%)
Average Days on Market Condos:  140 (90, 140, 77, 109) *104
Absorption Rate in weeks:  46 (47, 44, 46, 47) 
Active Vacant Lots: 864 (854, 853, 831, 839)

MARKET RANT
Although we are seeing listings pile onto the late spring market, the buyer activity is enough to keep things quite solid across the board. Hello everyone, and welcome to another weekly market rant! Despite the larger than normal inventory gains this week, the current buyer buzz is keeping things afloat by solid contributions in the areas that count, namely, writing offers. A staggering 176 properties have accepted an offer on their property this week, which should keep our confirmed sales chugging along quite nicely in a few weeks. Values are up across the board, but days on market do not seem to be flinging much, in fact, they are still reflecting a saggy market with a showing of just over 3 months for the average property to sell. The same hard tactics apply in the current market, but new listings can probably feel the difference this year if they had attempt the market in the last few years. All signs are pointing in a good direction, and there is a lot of positive speculation (as always), but as we know, numbers don't lie. Stay tuned for the direction that we will go this year, although, many people are still reluctant and hesitant to get onboard, but lets not forget, it took a while for the fact that we where/are in a turbulent market to hit home as well.   

WEEKLY ADOGTABLE
Hello, my name is Truffle! I am a big sweetheart looking for a loving home! I am an extremely friendly dog who enjoys affection. I would do best in a home with no dogs or cats. I would like a family that will give me lots of exercise and help me loose a few pounds. I currently weigh 88 pounds. I like to play with toys, run around and be goofy! Everyone who meets me thinks I'm super cute! I have a lovely personality and would make a great companion. Come meet me today!
This "Girly girl" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about her, 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 property 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.

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 Week of April 30th - May 7th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

New Listings: 665 (590, 533, 518, 459) *649
Sold: 160 (143, 125, 112, 80) *147
Sale To Listing Ratio: 24% (24%, 24%, 22%, 17%) *23%
Listings that went conditional/pending:  150 (174, 150, 162, 146, 118)  *170
Expired/Cancelled/Withdrawn:  174 (66, 92, 91, 106) *124
Total Active Halifax/Dartmouth Inventory:  5,205 (5,095, 4,896, 4,756, 4,633) *5,187
Active Single Family Home: 3,491 (3,402, 3,258, 3,158, 3,055) 3,551
Average Single Family Home List Price:  $291,838  ($294k, $306k, $287k, $298k) $312k
Average Single Family Home Selling Price:   $280,068 ($284k, $296k, $278k)  $301k
*Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) 
Average Days on Market Single Family Home: 100 (112, 116, 101, 101) *100
Active Condos:  563 (557, 534, 507, 501) *516
Average Condo Listing Price:  $257,146 ($258k, $249k, $249k, $259k) *$244k
Average Condo Selling Price:  $249,773 ($250k, $241k, $241k, $255k) *$237k
*Condo Sale to List Ratio This Week: 97% (97%, 97%, 97%, 98%)
Average Days on Market Condos:  90 (140, 77, 109, 56) *118
Absorption Rate in weeks:  47 (44, 46, 47, 48) 
Active Vacant Lots: 854 (853, 831, 832, 829)

MARKET RANT
The stampede continues! Highest listing addition contribution of the year to this point, and it even edged out the strong showing from last year! As listings flood onto the now late Spring market, they are still being met with a buzz of buyer activity that doesn't seem to be waining. Because of the stronger than lately sales rate, the sales to list ratio has been remarkable high for as many listings that have come to market each week. Offers are still being accepted, and it appears that only a handful or two are falling through the cracks over the two week duration. There are many reasons why offers fall through, inspection, disclosure, financing to name a few and due diligence is key, regardless of what the market conditions are or how badly the property is desired.

One of the conditions in an offer, and sometimes a reason for an agreement to fall through is based on financing. Did you know that CMHC is changing rules and tightening loose lending practices all the time? To keep up to date with the latest in financing trends, take a visit to www.cmhc-schl.gc.ca. They also have invaluable information for anyone thinking, or in the process of, buying and selling property. Its a great idea to sit with a mortgage specialist before beginning your search. It gives you a price bracket to focus on, and gives you more confidence when ink hits paper. I highly recommend it to all of my clients, and I recommend it to you before starting your search. The more proactive you can be with the details before something happens, the more you can concentrate on whats on the table.

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 property 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.

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

Nestled on a mature acreage lot overlooking beautiful Five Island Lake, sits this stunning custom two storey home that was designed with the lake in mind. To take advantage of the views, this home is loaded with big bright windows and airy spaces, like the beautiful open concept kitchen joined by a cozy breakfast nook and living room. Looking to relax? Curl up next to the fireplace in the great room and enjoy a book, or kick back with a movie in the theatre room. The second floor hosts a giant master bedroom with ensuite and jacuzzi, three more generously sized bedrooms, full bath and laundry. Not to be missed are the fully developed walkout basement and 1.5 storey double garage. Entertaining has never been such a treat, with formal dining just off the kitchen, or a massive two tiered deck off the back for those hot and sunny BBQ days on the lake. Speaking of the lake, not only are the views spectacular, your private 160ft of lake frontage includes a floating dock to enjoy! Call today Jeremiah Today to book you're personal tour! (902)401-3548