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Halifax (HRM) Residential Market Statistic Update for the Week of May 18th - May 25th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 416 (400, 420, 485, 432) *355 Sold: 178 (213, 203, 174, 167) *148 Sale To Listing Ratio: 43% (53%, 48%, 36%, 37%) *42% Price Changes: 191 (209, 236, 228, 200) *245 Listings that went conditional/pending: 213 (203, 241, 230, 214) *184 Expired/Cancelled/Withdrawn: 64 (99, 93, 308, 144) *125 Total Active Halifax/Dartmouth Inventory: 4,947 (4,860, 4,776, 4,700, 4,755) *5,621 Absorption Rate in weeks: 26 (26, 28, 29, 31) *35 Single Family Home Stats Active Single Family Home: 3,026 (2,971, 2,918, 2,850, 2,881) *3,571 Average Single Family Home List Price: $324,174 ($339k, $330k, $357k, $330k) *$296k Average Single Family Home Selling Price: $315,338 ($329k, $321k, $344k, $320k) *$287k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $279,000 ($275k,$280k,$280k, $280k)*$280k Median Single Family Home Sold Price (6 mo): $270,000 ($269k,$273k,$273k,$270k)*$278k Average Days on Market Single Family Home: 70 (65, 68, 86, 100) *95 Condo Stats Active Condos: 505 (504, 496, 500, 499) *474 Average Condo Listing Price: $260,808 ($252k, $206k, $267k, $269k) *$295k Average Condo Selling Price: $249,125 ($243k, $196k, $257k, $261k) *$282k Condo Sale to List Ratio This Week: 96% (96%, 96%, 96%, 98%) 95% Median Condo List Price (6 mo): $229,450 ($228k, $225k, $225k, $225k) *$282k Median Condo Sold Price (6 mo): $220,000 ($216k, $215k, $216k, $215k) *$276k Average Days on Market Condos: 151 (98, 52, 70, 95, 162) *133 Active Vacant Lots: 1,158 (1,128, 1,104, 1,102, 1,125) *1,027 Market Rant Business as usual? Hello everyone, and welcome to the tardy edition of the Halifax Real Estate market rant! It looks as though Sellers are on board with the Spring market now, as listings continue to pile onto the market with another solid +400 additions this week. Buyer activity doesn't seem to be declining either. Although there was fewer sales this week driving down the sales to list ratio, there is a good amount of properties that received and accepted offers indicating that Buyers are still out in mass. The overall market continues to report much healthier than last year as well, with fewer listings cancelling or expiring from the market, significantly lower inventory, and the reduced absorption rate. Typically, as we edge closer to Summer things are meant to wain, but with reported activity of the 2017 market thus far, I wouldn't expect to see a full stop anytime soon. Of course, the real estate market here in Halifax is anything but predictable, but there is an attitude of "let it ride" out there currently. Make sure to stop by the blog to stay up to date with all the happenings of our market, and thanks for stopping by!  Meet Charlie! WEEKLY ADOPTABLE Charlie arrived at the Dartmouth SPCA late April. He was surrendered by his previous owners who were no longer able to care for him. This guy may need some time to form a bond and earn his trust. Once Charlie gets to know you, you will truly see how much a dog is capable of loving someone. He is a big sweetheart who just wants to hang out and have fun. He absolutely loves tennis balls! He plays a great game of fetch. Charlie will only be going outside with serious adopters at this time. In his time at the shelter staff have been working on building his confidence. He is quite nervous being around men. Other dogs also cause him to become quite fearful. Due to these considerations, if you are interested in meeting Charlie a staff member would be glad to accompanied you into one of our outdoor play areas! We are hoping that this way he will be more comfortable meeting potential adopters! Short walks would be best. Vets have diagnosed him with luxating patellas in his rear end. It's also suspected that he may have degenerative joint disease. Down the road it may be recommended for him to receive corrective surgery. Currently he is on pain medication for this (Metacam) and will be for the rest of his life. We think Charlie will be able to interact with dogs when he has gone to his forever home. This could be done if his new family has the patience to properly help him be introduced slowly to new dog friends. He does seem to be more comfortable with female dogs-as opposed to males. Staff believe Charlie would prefer to be the only dog in the home. Charlie will need to be in a home with adults only. Since he is so timid, quick moving children, strangers, and new situations can make him quite nervous. A quiet home would be best for him. If you can provide the love and kindness this guy needs, ask the staff to meet him today! This "cuddly companion" is available through the Dartmouth SPCA, 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 May 11th - May 18th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 400 (420, 485, 432, 295) *452 Sold: 213 (203, 174, 167, 132) *174 Sale To Listing Ratio: 53% (48%, 36%, 37%, 45%) *39% Price Changes: 209 (236, 228, 200, 145) *255 Listings that went conditional/pending: 203 (241, 230, 214, 159) *200 Expired/Cancelled/Withdrawn: 99 (93, 308, 144, 89) *102 Total Active Halifax/Dartmouth Inventory: 4,860 (4,776, 4,700, 4,755, 4,686) *5,241 Absorption Rate in weeks: 26 (28, 29, 31, 34) *33 Single Family Home Stats Active Single Family Home: 2,971 (2,918, 2,850, 2,881, 2,817) *3,526 Average Single Family Home List Price: $338,790 ($330k, $357k, $330k, $350k) *$335k Average Single Family Home Selling Price: $329,082 ($321k, $344k, $320k, $338k) *$325k Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $275,000 ($280k,$280k, $280k,$280k)*$300k Median Single Family Home Sold Price (6 mo): $269,000 ($273k,$273k,$270k,$270k)*$292k Average Days on Market Single Family Home: 65 (68, 86, 100, 86) *115 Condo Stats Active Condos: 504 (496, 500, 499, 468) *453 Average Condo Listing Price: $252,064 ($206k, $267k, $269k, $236k) *$308k Average Condo Selling Price: $243,088 ($196k, $257k, $261k, $231k) *$301k Condo Sale to List Ratio This Week: 96% (96%, 96%, 98%, 98%) 98% Median Condo List Price (6 mo): $227,500 ($225k, $225k, $225k, $224k) *$265k Median Condo Sold Price (6 mo): $216,100 $215k, ($216k, $215k, $215k) *$256k Average Days on Market Condos: 98 (52, 70, 95, 162, 161) *64 Active Vacant Lots: 1,128 (1,104, 1,102, 1,125, 1,168) *1,016 Market Rant And just like that...instant summer! What a gorgeous few days we've had in our fair city, and as the weather heats up, so does the market... for sellers anyways! Buyers this year may find themselves in unfamiliar market territory, where low ball offers aren't welcome and multiple offers are commonplace. Could have something to do with what I was calling a "late Spring to market", but it appears there may be more than meets the eye since the trend has continued into the nice weather. The assumption behind Sellers thoughts was, "if snow is still on the ground or it's cold outside, Buyers are staying away so I will wait to list". This causing a listing vacancy for the Buyers still actively pursuing their new property. Although it hasn't been the greatest Spring regarding sunny warm days, it has been a great year for Sellers, but one that isn't seeing the usual numbers of listings week over week, meaning fewer Sellers capitalizing on the demand. In the peak of the Spring season we have one of the highest sales to list ratio's of the year, but this is also largely due to the lower than average weekly additions. The other statistic really putting the stamp on the hot market is the sales to list ratio, which is the lowest report in several years and 7 weeks less then last year at this time and dropping. Inventory is rapidly declining, and if the Buyer activity stay up, and the listing activity stays down, we are sure to find ourselves in a Sellers market in no time. Certainly, there are areas of the market that are already in one. Thanks for stopping by!  Whoa....Nelly!WEEKLY ADOPTABLE Approx Age: 6 years Gender: Female Site: Dartmouth Nelly came to the Dartmouth SPCA through our Provincial Office early March. She is now ready to be adopted into her forever home! She loves human attention. Nelly could hang out with her humans all day everyday. If you're willing to teach, she's willing to learn! Since being at the shelter it has been noted that she has an extremely high prey drive. She also is very dog reactive. Due to this she would be best in a home with no other pets and no children. Nelly would prefer to live in a rural setting. The country life is the life for her! Somewhere that she can enjoy the comforts of a home as oppose to an apartment. She would really enjoy going for walks where she wouldn't be able to interact with other dogs. Nelly would love it if you have some land where she can run on a lead. That way she could really enjoy herself. She would not be a dog suited for a dog park or populated walking trails. She loves to play fetch. She's great at giving the ball back as well! This "cuddly companion" is available through the Dartmouth SPCA, 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 May 4th - May 11th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 420 (485, 432, 295, 402) *452 Sold: 203 (174, 167, 132, 174) *174 Sale To Listing Ratio: 48% (36%, 37%, 45%, 43%) *39% Price Changes: 236 (228, 200, 145, 164) *255 Listings that went conditional/pending: 241 (230, 214, 159, 173) *200 Expired/Cancelled/Withdrawn: 93 (308, 144, 89, 115) *102 Total Active Halifax/Dartmouth Inventory: 4,776 (4,700, 4,755, 4,686, 4,686) *5,241 Absorption Rate in weeks: 28 (29, 31, 34, 34) *33 Single Family Home Stats Active Single Family Home: 2,918 (2,850, 2,881, 2,817, 2,805) *3,526 Average Single Family Home List Price: $330,092 ($357k, $330k, $350k, $320k) *$335k Average Single Family Home Selling Price: $321,220 ($344k, $320k, $338k, $309k) *$325k 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, $280k,$280k,$275k)*$300k Median Single Family Home Sold Price (6 mo): $273,000 ($273k,$270k,$270k,$268k)*$292k Average Days on Market Single Family Home: 68 (86, 100, 86, 85) *115 Condo Stats Active Condos: 496 (500, 499, 468, 463) *453 Average Condo Listing Price: $205,535 ($267k, $269k, $236k, $249k) *$308k Average Condo Selling Price: $196,214 ($257k, $261k, $231k, $234k) *$301k Condo Sale to List Ratio This Week: 96% (96%, 98%, 98%, 95%) 98% Median Condo List Price (6 mo): $225,000 ($225k, $225k, $224k, $224k) *$265k Median Condo Sold Price (6 mo): $215,000 ($216k, $215k, $215k, $215k) *$256k Average Days on Market Condos: 52 (70, 95, 162, 161, 70) *64 Active Vacant Lots: 1,104 (1,102, 1,125, 1,168, 1,164) *1,016 Market Rant And the Spring market keeps on coming! Looks like that Buyer build up I was talking about still needs some relief! There is still fewer listings making their way to the market week over week again this year, but the amount of buyer activity has certainly increased, changing many aspects of the report. First point to note, the sales to list ratio is the highest it has been this year, which for the Spring market makes it somewhat of an anomaly. Usually, buyer activity is overshadowed by the sheer amount of properties that pour onto the market, however, this year seems to be quite the opposite. We have witnessed a trend of fewer listings coming to market this year, and that continues this week, which is strange given the time of year. Although, last year hit a skid with sellers and there was certainly reluctancy with listing into such a saturated market, which I get, but I'm quite surprised with the slow catch to the current buzz. Some are not however, and those that choose be informed are certainly cashing in. There is something to be said about making the effort as well, and those taking those few extra steps to make their property stand above the rest and make it more enticing to buyers have found welcomed results when listing, but certainly price and location are huge influences as well. Might be good to capitalize on the buzz if you were considering listing! Thanks for stopping by, and a special shout out to Kenneth this week. for being the inspiration behind this weeks topic, and for being the quintessential client.  Meet Jake!WEEKLY ADOPTABLE Are you looking for a high-energy companion who already has a lot of training in him? Jake might be your guy! This young amstaff is as smart as they come, and is looking for an owner to impress with a lot of built-in obedience. Jake's adoption requirements are as follows: A home with children over the age of 12 and are experienced with large, rambunctious dogs. A home with a playful, perhaps submissive dog, or one that can tolerate a high energy dog. A home free of cats. Obedience training mandatory upon adoption. 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 27th - May 4th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 485 (432, 295, 402, 416) *500 Sold: 174 (167, 132, 174, 141) *160 Sale To Listing Ratio: 36% (37%, 45%, 43%, 34%) *32% Price Changes: 228 (200, 145, 164, 166) *296 Listings that went conditional/pending: 230 (214, 159, 173, 176) *197 Expired/Cancelled/Withdrawn: 308 (144, 89, 115, 230) *250 Total Active Halifax/Dartmouth Inventory: 4,700 (4,755, 4,686, 4,686, 4,596) *5,124 Absorption Rate in weeks: 29 (31, 34, 34, 38) *34 Single Family Home Stats Active Single Family Home: 2,850 (2,881, 2,817, 2,805, 2,733) *3,458 Average Single Family Home List Price: $356,645 ($330k, $350k, $320k, $298k) *$298k Average Single Family Home Selling Price: $344,404 ($320k, $338k, $309k, $287k) *$290k 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, $280k, $275k, $275k)*$280k Median Single Family Home Sold Price (6 mo): $272,500 ($270k,$270k,$268k,$266k)*$270k Average Days on Market Single Family Home: 86 (100, 86, 85, 115) *115 Condo Stats Active Condos: 500 (499, 468, 463, 466) *451 Average Condo Listing Price: $267,307 ($269k, $236k, $249k, $224k) *$240k Average Condo Selling Price: $256,776 ($261k, $231k, $234k, $215k) *$221k Condo Sale to List Ratio This Week: 96% (98%, 98%, 95%, 96%) 92% Median Condo List Price (6 mo): $225,000 ($225k, $224k, $224k, $220k) *$236k Median Condo Sold Price (6 mo): $215,550 ($215k, $215k, $215k, $215k) *$230k Average Days on Market Condos: 70 (95, 162, 161, 70, 56) *94 Active Vacant Lots: 1,102 (1,125, 1,168, 1,164, 1,154) *985 Market Rant Wow, things are really ramping up! Of course, the end/beginning of the month expiry/re-lisitng dance occurs on the first of month. possible skewing some of the data, but overall things are looking good! Listings are starting to pour onto the market at a pace just shy of last year at this time, but there's a few things about this year that are noticeably different than last year. Firstly, inventory is much lower, and although not uncommon for a Spring week to reduce in volume, it is odd for this time of year, which is an occurrence that happened this week. Another thing that is noticeably different is the averages, well, single family home averages anyways. The median prices for both products seem to be marginally increasing every week this Spring, but the average single family list and sale prices have been quite inflated compared to the median price as of late. Sure, one or two week anomaly's from a few high end properties selling might effect the numbers, but we are reporting over the 300k"s more often than not this Spring. Average days on market are also noticeably lower, and the absorption rate actually dropped below 30 for the first time in years! There's still solid buyer activity out there as well, just look at the listings that went pending this week! Nice to see some positive action in HRM, and I for one hope it sticks around. Thanks for stopping by!
Meet Rosie!!WEEKLY ADOPTABLE Beautiful, loving White bull dog. Rosie really LOVES KIDS but she has proven to be unpredictable with cats so NO CATS . Rosie has a mild heart mumur likely since birth as many dogs do. It definitely does not slow down this wiggle butt in any way .She does zoomies like a race horse in her back yard ! Rosie craves snuggles and can be a coach potato, bed hogger but also likes playtime, her walks and other dogs .She can on occasion when off leash become over zealous in dog play like many bully breeds and not all dogs are going to put up with this play style so training advice is suggested to fine tune her doggy social skills . Rosie listens well and really wants to please you. She has come along ways not pulling so much on leash. If her people have to go out they put her in the bedroom, she has her hedgehog, that is her sookie toy, she is fine and does not say a word, but if she hears you then she barks or does a very low and very sad sounding lol. She is overall a joy to have and be with. She has been learning to get the hang of fetch, she gets very excited when she returns with the ball and gets praise, not so much parting with the ball, but she will and is ready to go again. Rosie would love to have a fenced in yard and someone around. Maybe you are retired? work from home just so sweet Rosie is not alone 8-10 hours a day. 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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