Halifax (HRM) Residential Statistic Update for the Week of June 20th - 27th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 357 (340, 343, 335, 336) *306
Sold:  221  (205, 206, 234, 225) *217
Sale To Listing Ratio: 62% (60%, 60%, 70%, 67%) *71%
Price Changes: 167 (173, 164, 161, 174) *190
Listings that went conditional/pending: 272 (254, 256, 231, 260)  *220
Expired/Cancelled: 66 (57, 82, 137, 72) *80
Total Active Halifax/Dartmouth Inventory:  3,387 (3,381, 3,366, 3,363, 3,409) +4,273
Absorption Rate in weeks:  16 (16, 15, 15, 16) *21

Single Family Home Stats
Active Single Family Home: 1,907 (1,904, 1,905, 1,886, 1,894) *2,479
Average Single Family Home List Price:  $344,203 ($349k,$350k,$346k,$350k) *$335k
Average Single Family Home Selling Price:  $337,339 ($342k,$345k,$337k,$343k) *$323k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k
​Median Single Family Home Sold Price (6 mo):$298,000 ($296k,$295k,$295k,$296k)*$280k
Average Days on Market Single Family Home: 58 (59, 44, 54, 51) *58

Condo Stats
Active Condos:  248 (250, 246, 252, 261) *424
Average Condo Listing Price:  $294,544 ($287k, $270k, $292k, $282k) *$239k
Average Condo Selling Price: $285,479 ($277k, $255k, $288k, $280k) *$229k
Condo Sale to List Ratio This Week: 97% (97%, 95%, 99%, 99%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $249k, $250k, $250k) *$238k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $240k, $241k) *$228k
Average Days on Market Condos: 67 (66, 45, 72, 50)*87

Active Vacant Lots: 955 (948, 943, 949, 965) *998

Market Rant
Small surge of properties made it to market this week, which I'm sure will be well received by shoppers on the market. If you are currently a Buyer in this market, you have probably noticed that the throttle has let off a bit, and you may even find yourself with a few options! Of course, there are still areas of the city that are highly competitive, but there does seem to be a bit of pressure relief at this current junction. Still, lots of buyer activity this week, with 272 listings that received and accepted offers, which is quite above average than last year at this time. It's still pretty early to call, but this years Spring compared to last had its surge a bit earlier than last year, and because of this, we could be seeing a rebound market with a second market push. That, or the weary Buyers of the early Spring inferno market have returned to kinder market conditions to try again. Inventory did take a slight bump this week, which is another good thing for buyers, since more selection usually means less competition and more selection. Normally, the early Summer market is hit or miss, but it is usually the calm before the coming Fall market, so the next few months will lay the groundwork for what is to come. With the numbers being reported, the foot is still on the pedal, but keeping the speed limit. Stay tuned to see how the Summer turns out! Will it be market be like our current weather, or will it turn to the weather we are all hoping for? Thanks for stopping by!

Cherry is a ~5 year old spayed female amstaff mix.
She would prefer a home with children 10 years and older.
Obedience is optional for her new owner(s).

​This sweet lady is more then ready to find a new home to call her own. Cherry is a playful girl, happy to entertain herself with toys and enjoys the company of other dogs. She is super affectionate and will make an amazing family friend. Cherry would love to go for a walk and give you the opportunity to fall in love with her.

​This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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!

Halifax (HRM) Residential Statistic Update for the Week of June 13th - 20th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 340 (343, 335, 336, 377) *306
Sold:  205  (206, 234, 225, 227) *217
Sale To Listing Ratio: 60% (60%, 70%, 67%, 60%) *71%
Price Changes: 173 (164, 161, 174, 145) *190
Listings that went conditional/pending: 254 (256, 231, 260, 266)  *220
Expired/Cancelled: 57 (82, 137, 72, 61) *80
Total Active Halifax/Dartmouth Inventory:  3,381 (3,366, 3,363, 3,409, 3,410) +4,273
Absorption Rate in weeks:  16 (15, 15, 16, 16) *21

Single Family Home Stats
Active Single Family Home: 1,904 (1,905, 1,886, 1,894, 1,904) *2,479
Average Single Family Home List Price:  $348,896 ($350k,$346k, $350k,$348k) *$335k
Average Single Family Home Selling Price:  $342,415 ($345k,$337k,$343k,$342k) *$323k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$300k)*$290k
​Median Single Family Home Sold Price (6 mo):$296,000 ($295k,$295k,$296k,$295k)*$280k
Average Days on Market Single Family Home: 59 (44, 54, 51, 52) *58

Condo Stats
Active Condos:  250 (246, 252, 261, 267) *424
Average Condo Listing Price:  $286,596 ($270k, $292k, $282k, $250k) *$239k
Average Condo Selling Price: $277,069 ($255k, $288k, $280k, $256k) *$229k
Condo Sale to List Ratio This Week: 97% (95%, 99%, 99%, 98%) 96%
Median Condo List Price (6 mo): $249,900 ($249k, $250k, $250k, $246k) *$238k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $241k, $240k) *$228k
Average Days on Market Condos: 66 (45, 72, 50, 37)*87

Active Vacant Lots: 948 (943, 949, 965, 955) *998

Market Rant
If you think that this weeks stats report looks surprisingly similar to last weeks, you would be correct. Not too much variation from this week to last, in fact, it's hardly any. New listings, sales, price changes, listings that went pending, basically the lot stayed on par this week with last. The variations that did occur were minor, that they really aren't worth mentioning. Seems we might be a bit down on sales compared to the amount of listings that are accepting offers, so I wonder if there might be a higher average of agreements falling apart on the various factors that make up a buyers due diligence.

One of these factors that has become a bit notorious this year is financing and the failure to obtain a mortgage. From the mortgage specialists I have been in talks with, many buyers will do a soft pre-approval with their chosen traditional lender (bank), but sometimes they (bank) don't dig too far into the workings of the approval, therefor leaving surprises to be had during the course of due diligence. Their are some buyers out there that do not have their pre-approval in place for one reason or another as well, so that can quickly halt a transaction once the action commences. Of course, the second biggest showstopper, if not the first "deal breaker" during due dilligence, is the inspection.

All buyers have a different threshold of risk and what conditions are expected when buying a home. Having a major discovery through one of the possible several inspections can leave buyers with hands out, and sellers turning out pockets. Then the question of how the buyer or seller can fund a large fix, should one be discovered, is posed. Some might look to the sales proceeds for such a thing, but that is unfortunately not an option anymore. Cash back, or credit on closing is a thing of the past, and certainly another topic to discuss another day. I invite any mortgage specialist to reach out with their take on cash back or credits on closing, and possible options, including purchase plus mortgages, to deal with big/small items instead of a price reduction to be featured on the blog in a finance post! Thanks for stopping by! 

Annie Banannie is waiting to meet you! 

Do not let her shy and quiet demeanor fool you! This girl is full of energy and LOVES to welcome you home when she sees you. Once she gets the zoomies out of her system she mellows out and is happy to just curl up on an Annie approved bed :)
This girl is picky with her doggy friends and with this the staff at the shelter do require a meet and greet once your application has been approved to ensure everyone will be happy in the home. At only 2 years young Annie has already undergone 2 surgeries and we are hoping that it is the last of them. She had a tail amputation done by her previous owners due to injuring her tail, and she also had a foreign body removal done. With this Annie is looking for a committed owner who will help to keep any potential ingestable items out of her reach in the home.

A home with children over the age of 12 years old will be best.​
​
This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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!

First time to market! Nestled on a sizeable lot in the quaint former fishing village of Herring Cove sits this meticulously cared for 2-Storey style home with features that are sure to impress. Welcomed by the spacious foyer, you are quickly drawn into the interior design and quality finishes. The main floor boasts a spacious living room with cozy electric fireplace, elegant formal dining room, combination kitchen and dining nook, convenient laundry with powder room, and enormous great room. All accented by hardwood floors and efficiently heated/cooled by the ductless heat-pump. The second level has room for the whole family with a giant master bedroom complete with walk-in closet and ensuite bathroom, the main bathroom, and three more generously sized bedrooms. The lower walkout level is partially finished and hosts an expansive games/recreation room with adjacent flex room that could easily be converted to an additional bedroom if needed. The walkout side has potential for more living space or a workshop, and has tons of storage. Outside you will find a sizeable deck that overlooks a huge yard with ample room for play or hosting, a 1.5 detached garage that has an extra loft space for added storage or development, and a driveway big enough for an RV! Herring Cove is quickly becoming a sought after community due to the surrounding recreational areas, budding businesses, and short distance to the city. Put this one on the “must see” list, and prepared to be wowed!

Contact me for more details, or click HERE for pricing and more>

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 Statistic Update for the Week of June 6th - 13th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 343 (335, 336, 377, 351) *348
Sold:  206  (234, 225, 227, 203) *182
Sale To Listing Ratio: 60% (70%, 67%, 60%, 58%) *52%
Price Changes: 164 (161, 174, 145, 181) *230
Listings that went conditional/pending: 256 (231, 260, 266, 232)  *220
Expired/Cancelled: 82 (137, 72, 61, 56) *90
Total Active Halifax/Dartmouth Inventory:  3,366 (3,363, 3,409, 3,410, 3,375) +4,273
Absorption Rate in weeks:  15 (15, 16, 16, 17) *22

Single Family Home Stats
Active Single Family Home: 1,905 (1,886, 1,894, 1,904, 1,897) *2,476
Average Single Family Home List Price:  $350,148 ($346k, $350k,$348k,$367k) *$353k
Average Single Family Home Selling Price:  $344,594 ($337k,$343k,$342k,$359k) *$343k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$300k,$299k)*$290k
​Median Single Family Home Sold Price (6 mo):$295,000 ($295k,$296k,$295k,$292k)*$280k
Average Days on Market Single Family Home: 44 (54, 51, 52, 44) *52

Condo Stats
Active Condos:  246 (252, 261, 267, 260) *431
Average Condo Listing Price:  $269,700 ($292k, $282k, $250k, $317k) *$273k
Average Condo Selling Price: $255,270 ($288k, $280k, $256k,$311k) *$264k
Condo Sale to List Ratio This Week: 95% (99%, 99%, 98%, 98%) 97%
Median Condo List Price (6 mo): $248,500 ($250k, $250k, $246k, $248k) *$238k
Median Condo Sold Price (6 mo): $239,450 ($240k, $241k, $240k, $241k) *$226k
Average Days on Market Condos: 45 (72, 50, 37, 43) *88

Active Vacant Lots: 943 (949, 965, 955, 943) *984

Market Rant
Well, it looks like it was a couple week blip after all. This week saw the inventory increase after two anomaly weeks of decline, although, the gain is hardly worth mentioning since it's so small. Sales took a bit of a kick down this week, but still performed well, and will be returning to its full strength shortly given the amount of properties that reported an accepted offer this week (conditional/pending stat). Not a lot of listings that fell off the market this week by an expiry or cancellation, which is fairly typical given the time of year. Not as many price changes this week compared to last year at this time though, which might speak to the health of the market as well. Absorption rate held steady at 15 weeks again this week, and is still smoking last years report by a whopping 7 weeks. Overall values remain strong, and the median values for both tracked products are holding at a plus of $10k increased from last year at this time. It seems like a lot the spillage from the 2018 market year is being tended to as properties get snapped up, but there still seems to be that heavy demand in certain areas. The end of Spring has brought a bit of a different market, it seems, and we are sure to see overall activity start it's downward trend anytime now. Things are still moving at a rapid pace though, but there does seem to be a few more options for buyers around HRM. Still a couple weeks left until the Summer market takes hold, so stay tuned to the blog to see how the Spring finishes! Thanks for stopping by!

Sweet Annie is a bit timid at first but it only takes her a minute to warm up and she becomes a silly, playful goofball. When left alone Annie has been known to eat things that upset her belly. To be specific, socks! Annie required surgery to remove a sock she had ingested so her new home would need to be mindful of what they leave lying around. Poor Annie was quite sick but would likely make the same mistake again if given the opportunity. Crate training would be recommended to keep her and your belongings safe. Annie would love to go to a home with children no younger than 12 years of age and no other dogs. 
​
This "cuddly companion" is available through The Nova Scotia SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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!

Halifax (HRM) Residential Statistic Update for the Week of May 30th - June 6th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 335 (336, 377, 351, 401) *378
Sold:  234  (225, 227, 203, 209) *218
Sale To Listing Ratio: 70% (67%, 60%, 58%, 52%) *58%
Price Changes: 161 (174, 145, 181, 177) *246
Listings that went conditional/pending: 231 (260, 266, 232, 261)  *198
Expired/Cancelled: 137 (72, 61, 56, 62) *173
Total Active Halifax/Dartmouth Inventory:  3,363 (3,409, 3,410, 3,375, 3,300) +4,249
Absorption Rate in weeks:  15 (16, 16, 17, 16) *21

Single Family Home Stats
Active Single Family Home: 1,886 (1,894, 1,904, 1,897, 1,878) *2,478
Average Single Family Home List Price:  $345,604 ($350k,$348k,$367k,$350k) *$333k
Average Single Family Home Selling Price:  $338,620 ($343k,$342k,$359k,$344k) *$325k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 98%, 98%) *98%
Median Single Family Home List Price (6 mo): $299,900 ($300k,$300k,$299k, $299k)*$289k
​Median Single Family Home Sold Price (6 mo):$295,000 ($296k,$295k,$292k,$290k)*$280k
Average Days on Market Single Family Home: 54 (51, 52, 44, 59) *50

Condo Stats
Active Condos:  252 (261, 267, 260, 261) *422
Average Condo Listing Price:  $292,004 ($282k, $250k, $317k, $276k) *$321k
Average Condo Selling Price: $288,325 ($280k, $256k,$311k, $272k) *$310k
Condo Sale to List Ratio This Week: 99% (99%, 98%, 98%, 98%) 97%
Median Condo List Price (6 mo): $249,450 ($250k, $246k, $248k, $245k) *$238k
Median Condo Sold Price (6 mo): $239,450 ($241k, $240k, $241k, $239k) *$226k
Average Days on Market Condos: 72 (50, 37, 43, 46) *60

Active Vacant Lots: 949 (965, 955, 943, 934) *978

Market Rant
Have we peaked so soon? For the second straight week, inventory took a nosedive, which is a bit sooner than normal if this trend holds. This weeks reduction had a significantly larger drop than that of the previous week, and contributed to the widening of the inventory gap from this time last year to now. Looks like there was a good amount of listings that expired this week, which certainly helped, but the strong sales and lack of new products also helped things along. With the lack of new inventory and strong sales week, the sales to list ratio hit a high of 70%! Sometimes you see anomaly weeks throughout the year on a holiday week, or unexplained occurrence, but hardly ever does the Spring market have such factors to call it a fluke. Speaking of the lacking inventory impact, the already basement numbers of the sales to list ratio bottomed out another week to 15. The Spring has been holding somewhat steady to 16 weeks over the full ramp up, but the continued evaporation of products from the market is really having an impact, leaving no statistic untouched. Interesting times so far this year, so make sure you stay tuned to the blog to keep up to date with the lates and greatest regarding our real estate market! Thanks for stopping by!

Lucky was anxious, shaking and put his tail between his legs while at the pound. He is initially fearful of strangers, cats, and sudden noises but is very sweet and affectionate once he knows you are safe. Lucky can be fun, playful, and excitable but only if he feels safe. 

Lucky can get excited on walks, so will need leash work and general obedience training to help him overcome his insecurities and build his confidence in what is expected of him and generally how to be a dog. No resource guarding and takes treats gently. Lucky is learning that people are not all bad and his family will need to be sensitive to his past. We suspect he was abused.
​
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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!