Halifax (HRM) Residential Market Statistic Update For Week of June 19th - June 26th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 477 (490, 578, 616, 542) *497
Sold: 163 (168, 168, 154, 172) *156
Sale To Listing Ratio: 35% (34%, 29%, 25%, 32%) *41%
Listings that went conditional/pending: 157 (159, 162, 174, 176) 
Expired/Cancelled/Withdrawn:  81 (96, 106, 227, 82) *111
Total Active Halifax/Dartmouth Inventory:  5,777 (5,717, 5,676, 5,569, 5,563) *5,573
Active Single Family Home: 3,941 (3,897, 3,861, 3795, 3,761) *3,693
Average Single Family Home List Price:  $307,957 ($303,555, $300,326, $313,837, $314,449) *295k
Average Single Family Home Selling Price:   $296,001 ($293,003, $291,173, $302,548, $303,919) *286k
Average Days on Market Single Family Home: 93 (84, 104, 78, 122) *82
Active Condos:  549 (545, 562, 560, 554) *451
Average Condo Listing Price:  $249,333 ($250,893, $252,998, $254,277, $240,353) *274k
Average Condo Selling Price:  $232,150 ($241,033, $243,573, $244,455, $243,386) *267k
Average Days on Market Condos:  98 (77, 69, 70, 117) *88
Active Vacant Lots: 938 (934, 928, 897, 928)

MARKET RANT
Not a big change in the market this week, and really, it's pretty much business as usual on the market this week. Gains in all inventory levels, and marginal sales kept the sales to list ratio in the mid thirty's, a fair shade difference from last years performance. Average days on market are still lingering around the three month range, which is hit or miss depending on which way these listings are leaving the market. The monthly wrap up is coming! Please hold on fellow readers. As you can see, we are missing the absorption rate statistic this week. There seems to be an error of reporting from the source, and I am working diligently to resolve this issue. Trust that the blog is working hard to rectify this anomaly, and will return to full strength when the issue has been resolved. Thanks for your patience.


NOTABLE NEWS
Ever wondered about Radon gas in your home?? Chances are you haven't, but it is a emerging field of concern, and one that we Haligonian's must consider when buying a home. This article explains a bit more in detail about the overall picture, and what you should know before submitting that offer.

The minister responsible for government buildings says he’s close to making a decision on the future of the historic Dennis Building says this article.



WEEKLY ADOGTABLE
DeeDee is a 3 year old, 35lb Boston Terrier/ Pit mix looking for her forever home. She is a very smart girl who is picking up on her training very quickly. DeeDee has an ample amount of energy, as the Boston Terrier breed always always does, so children over 10 would be ideal as she jumps up from time to time. Although DeeDee is dog friendly, her energy can be very off-putting for most dogs, which often results in a scuffle. Perhaps DeeDee would like to have a running partner to help curb her enthusiasm? Either way, plenty of daily exercise and mental stimulation will be essential to help DeeDee be a calm girl. Cats are unknown at this time. DeeDee is house trained, kennel trained, spayed, vaccinated, and microchipped. To adopt DeeDee, contact Buddy's Bully Rescue  

This "loving lady" is available through Buddy's Bully Rescue, a non profit rescue organization from Halifax, 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.

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

Halifax (HRM) Residential Market Statistic Update For Week of June 12th - June 19th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 490 (578, 616, 542, 592) *441
Sold: 168 (168, 154, 172, 133) *173
Sale To Listing Ratio: 34% (29%, 25%, 32%, 22%) *39%
Listings that went conditional/pending: 159 (162, 174, 176, 158) 
Expired/Cancelled/Withdrawn:  96 (106, 227, 82, 79) *99
Total Active Halifax/Dartmouth Inventory:  5,717 (5,676, 5,569, 5,563, 5,483) *5,547
Active Single Family Home: 3,897 (3,861, 3795, 3,761, 3,703) *3,677
Average Single Family Home List Price:  $303,555 ($300,326, $313,837, $314,449, $299,131) *281k
Average Single Family Home Selling Price:   $293,003 ($291,173, $302,548, $303,919, $289,648) *273k
Average Days on Market Single Family Home: 84 (104, 78, 122, 96) *82
Active Condos:  545 (562, 560, 554, 553) *447
Average Condo Listing Price:  $250,893 ($252,998, $254,277, $240,353, $254,175) *251k
Average Condo Selling Price:  $241,033 ($243,573, $244,455, $243,386, $243,612) *145k
Average Days on Market Condos:  77 (69, 70, 117, 90) *88
Active Vacant Lots: 934 (928, 897, 928)
Halifax/Dartmouth Absorption Rate (weeks):  152 (145, 139, 137, 134) *35

MARKET RANT
More big gains in most areas of the market this week. Both absorption rate and single family homes had hefty increases on the week, while values remained relatively unchanged. Sales to list ratio is up for the third consecutive week, and the average selling time hovers just under the three month mark for both products. Still, things seem very up and down this year overall, and the general market attitude is one of uncertainty and reluctance. The monthly market report is just around the corner so don't forget to stop in later on this week!

NOTABLE NEWS
Developments heating up across Halifax? This article outlines some of the more recent bids to develop some of our newest city projects.

Halifax orders demolition for Bellevue Avenue eyesore. A demolition order has been approved for a partially built house in south-end Halifax, where construction was suspended after neighbours complained about the size of the building says this article. 

Halifax Regional Municipality is forging ahead with plans to pave gravel roads in Cow Bay despite property owners speaking out against the initiative, says this article. Wayne Bell said most residents in the rural area near Cole Harbour don’t want the roads paved, but the municipality has ignored them.


WEEKLY ADOGTABLE
Lily is a beautiful, 2 year old, 50lb pitbull looking for her forever home. Lily has had a very rough life and is looking to start a new one free from bars. She can be timid at first but warms up quickly and loves all people. She walks very well on leash, knows some basic commands, and is so smart, picking up on training extremely well! It is clear that Lily may have been abused in her past, yet she is happiest when someone is in the room with her; she is more than happy to lay on a dog bed or matt and doesn't feel the need to be on top of you constantly. Her ideal home would be with older children, simply so she feels comfortable in her new surroundings, one free from cats and dogs because she is very fearful of them and thus is reactive. Lily is spayed, vaccinated, microchipped, house trained, and kennel trained. To apply to adopt Lily, fill out an Adoption Application.  

This "Spicy Seniorita" is available through Buddy's Bully Rescue, a non profit rescue organization from Halifax, 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.

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

Halifax (HRM) Residential Market Statistic Update For Week of June 5th - June 12th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 578 (616, 542, 592, 553) *520
Sold: 168 (154, 172, 133, 143) *166
Sale To Listing Ratio: 29% (25%, 32%, 22%, 26%) *32%
Listings that went conditional/pending: 162 (174, 176, 158, 158) 
Expired/Cancelled/Withdrawn:  106 (227, 82, 79, 93) *83
Total Active Halifax/Dartmouth Inventory:  5,676 (5,569, 5,563, 5,483, 5,303) *5,550
Active Single Family Home: 3,861 (3,3795, 3,761, 3,703, 3,624) *3,689
Average Single Family Home List Price:  $300,326 ($313,837, $314,449, $299,131, $323,895) *305k
Average Single Family Home Selling Price:   $291,723 ($302,548, $303,919, $289,648, $313,500) *298k
Average Days on Market Single Family Home: 104 (78, 122, 96, 103) *98
Active Condos:  562 (560, 554, 553, 535) *449
Average Condo Listing Price:  $252,998 ($254,277, $240,353, $254,175, $266,094) *236k
Average Condo Selling Price:  $243,573 ($244,455, $243,386, $243,612, $259,006) *199k
Average Days on Market Condos:  69 (70, 117, 90, 104) *188
Active Vacant Lots: 928 (897, 928)
Halifax/Dartmouth Absorption Rate (weeks):  145 (139, 137, 134, 132) *35

MARKET RANT
Bring on the warm weather! I'm sure I'm not alone in saying that it was a particularly drawn out cold season this year, and have welcomed the delayed warmth with enthusiasm. Not saying that weather is a direct factor when it comes to buying and selling homes, but you know, it helps. I don't think that it's coincidental that with the rise in mercury that inquiries, showing appointments, and overall market buzz is up. I don't think there was one person I talked with this week that didn't mention the increase in overall activity, and this comes from several real estate, or related personnel. Either way you slice it, you may think it's a hoax or a coincidence, but I believe weather has some sort of affect on the market whether psychological or factual. To what extent is the question. Several more listings pilled onto the market this week, and even though the sales week wasn't terrible, it wasn't enough to break even or reduce the pile. This seems to be our direct link to the unstoppable absorption rate, which saw the addition of 6 weeks to the overall total.

NOTABLE NEWS
The Nova Scotia Utility and Review Board is rapping Halifax Water for forcing property owners to prove whether they should be charged a so-called ditch tax, says this article. The provincial regulator said Wednesday it should be up to the water utility to prove if a property owner has been appropriately charged for stormwater services, rather than the other way around.

Halifax Regional Municipality is forging ahead with plans to pave gravel roads in Cow Bay despite property owners speaking out against the initiative, says this article. Wayne Bell said most residents in the rural area near Cole Harbour don’t want the roads paved, but the municipality has ignored them.




WEEKLY ADOGTABLE
Hello everyone :) My name is Otis. I haven't had the best life so far but I am happy and looking for my new family so I can have a fresh start. I would be best in a home with no kitties and a dog that is laid back.

This "Handsome fella" 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 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

Halifax (HRM) Residential Market Statistic Update For Week of May 29th- June 5th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 616 (542, 592, 553, 649) *593
Sold: 154 (172, 133, 143, 147) *184
Sale To Listing Ratio: 25% (32%, 22%, 26%, 23%,) *31%
Listings that went conditional/pending: 174 (176, 158, 158, 170) 
Expired/Cancelled/Withdrawn:  227 (82, 79, 93, 124) *209
Total Active Halifax/Dartmouth Inventory:  5,569 (5,563, 5,483, 5,303, 5,187) *5,485
Active Single Family Home: 3,795 (3,761, 3,703, 3,624, 3,551) *3,659
Average Single Family Home List Price:  $313,837 ($314,449, $299,131, $323,895, $311,592) *290k
Average Single Family Home Selling Price:   $302,548 ($303,919, $289,648, $313,500, $300,759) *283k
Average Days On  Market Single Family Home: 78 (122, 96, 103, 100) *86
Active Condos:  560 (554, 553, 535, 516) *436
Average Condo Listing Price:  $254,377 ($240,353, $254,175, $266,094, $244,431) *264k
Average Condo Selling Price:  $244,455 ($243,386, $243,612, $259,006, $237,388) *257k
Average Days On Market Condos:  70 (117, 90, 104, 118) *95
Active Vacant Lots: 897 (928)
Halifax/Dartmouth Absorption Rate (weeks):  139 (137, 134, 132, 128) *34

MARKET RANT
With my haste to get the weekly stats up last week, and because my rant went a little longer than usual, I forgot to welcome the new statistic to the blog, "active vacant lots". Although it's not that interesting to most, I was actually surprised at the bulk of this product for sale, and how seldom the movement is. Second largest number in the Halifax/Dartmouth area, yet the fewest number of sales or price reductions. I guess there's just not the same hoopla associated with land as there is with the dog and pony show that is residential sales. Numbers are reporting the same this week, inventory gains in all areas, fewer sales than last, and an absorption rate that seems to be unstoppable. So the question and topic seems to be when is enough enough? I touched last week on when sellers should draw the line with how to go with regards to selling their property, obviously, it's a case by case , motivation driven answer. The general market stance at this point seems to be one of "it doesn't seem to make a difference how much I list my home for, there is still no one looking so I'm just going to "wait it out"" type of mentality. This may work for some, but not others who are counting on the sale of their current home to relocate to their next job posting, or some other necessary reason. What magic can someone conjure to sell a property that simply is in the wrong location, at the wrong time?

NOTABLE NEWS
Continuing the acknowledgement, this article outlines another missing market ingredient here in Halifax, military relocation. As noted a while back, we already know that the Canadian government has severely reduced the number of postings from left to right of our country, now the soldiers are being restricted to rules such as selling the home they are in before getting the thumbs up to go. Not really great news in a market like ours, especially if you where posted here 3 years ago, which is the general posting span.

Further news from the Chinese investor department. "A major Chinese real estate developer signed papers in Nova Scotia Tuesday showing it plans to make big investments in the province. Shanghai-based Dongdu International Group, known as DDI, is proposing a 1,200 hectare resort development at Indian Harbour Lake on the Eastern Shore."






WEEKLY ADOGTABLE
Adoptable Tank; an excellent cuddle buddy, house and kennel trained, dog friendly, loyal and obedient, knows an extensive amount of commands with hand signals. No kids. No cats. Experienced home only



This "Cuddle Culprit" is available through Buddy's bully 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