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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 240 (281, 282, 299, 272) *356 Sold: 170 (182, 167, 157, 191) *192 Sale To Listing Ratio: 71% (65%, 59%, 53%, 70%) *54% Price Changes: 94 (96, 96, 76, 92)*112 Listings that went conditional/pending: 175 (199, 189, 200, 206) *206 Expired/Cancelled/Withdrawn: 34 (47, 44, 58, 59) *56 Total Active Halifax/Dartmouth Inventory: 1,389 (1,370, 1,361, 1,361, 1,334) *1,178 Absorption Rate in weeks: 8 (8, 8, 6, 8) *6 Single Family Home Stats Active Single Family Home: 673 (665, 674, 701, 679) *587 Average Single Family Home List Price: $597,525 ($564k,$598k,$589k,$605k) *$549k Average Single Family Home Selling Price: $603,613 ($580k,$609k,$602k,$612k) *$587k Single Family Home Sale to List Ratio This Week: 101% (103%, 102%, 102%, 101%) *107% Median Single Family Home List Price (6 mo):$529,900 ($525k,$525k,$519k,$509k) *$450k Median Single Family Home Sold Price(6 mo):$536,250 ($525k,$530k,$525k,$520k)*$545k Average Days on Market Single Family Home: 25 (17, 24, 31, 22) *13 Condo Stats Active Condos: 115 (115, 110, 101, 92) *101 Average Condo Listing Price: $534,258 ($492k, $561k, $525k, $429k) *$368k Average Condo Selling Price: $540,500 ($494k, $564k, $528k, $437k) *$384k Condo Sale to List Ratio This Week: 101% (101%, 101%, 101%, 102%) *105% Median Condo List Price (6 mo): $429,900 ($430k, $430k, $400k, $400k) *$390k Median Condo Sold Price (6 mo): $428,000 ($425k, $425k, $410k, $410k) *$448k Average Days on Market Condos: 19 (21, 30, 26, 29) *10 Active Vacant Lots: 424 (424, 424, 419, 420) *297 Market Rant Although the market stats reported well, to include another bump in overall activity, the general buzz out there was a little light this week. Seems as though we finally have inventory starting to stick around again, which has padded some of the price brackets giving options (finally) to buyers in certain areas. Values across the board held fast this week, but both single family home and condominium six month median selling prices climbed again, upping their reports just over $15k in a short 4 week span. It's a mixed signals market so it seems, where certain spots are seeing less than desirable results, and others are almost seeing pandemic market activity. So how are these types of markets navigated? Patience is probably the top of the list, but having information at hand in real time to make a critical decision is extremely important. With multiple offers back on the table in many areas of the city, the waiting game of "who is going to offer first" happens, and by the time the offer window closed, you may or may not have known how many offers you were up against. Now, not all sellers choose to disclose this information, but many listing agents do provide this information, which could sway a change in your offer if you knew that it was 8, not 2 offers you happened to be competing against. Other key tools to have are real time market reports and neighbourhood value reports, which gauges where the candidate property sits on the value scale. Overbidding on the most expensive house on the street might be a long play on equity return, on the contrary, overbidding on a home in the middle of the pack for neighbourhood value still gives room to flex on improvements etc. In any case, having something to assist clear the path is always useful! Stay tuned to the blog to stay informed and on top of the changing market! Thanks for stopping by! The Weekly "Adogtable" I am a cute, cuddly, 10lb, 10 yr old Bichon frise mix boy & my name is Bebe. I came all the way to Canada in December from an overpopulated shelter in Texas. After a long medical hold I am now ready to start the search for my forever home. I am definitely a one person man. I will only have eyes for you. Thats right, just YOU. I bond with all my heart to one person and will protect you by biting all other ankles in sight if I am on the floor. That's right I will bite the ankles of anyone who isn't my person. Just ask my vet 🤣. Other people can hold me and love me if my human hands me to someone but don't let these little 4 paws hit the floor because if I see ankles, I will try and get to them. When my foster mom has company, she holds me or puts my harness and leash on and I lay in my bed so I don't have access to ankles. I have made some reluctant progress with accepting more than one person in my life but in the big picture, I don't plan on changing yet. It's better to adopt me knowing this may not happen so it's really important I find the perfect person for me. I am house trained and will let you know when I have to go do my business by going to the door or staring at my human. It won't be long before you catch onto my cues. I like other dogs and have a foster sister now but I would be fine if it was just me and you!!! I haven't been around children at all but given my love for ankles, I don't think that would be wise. I haven't lived with cats but I don't exactly react like a gentleman when I see them outside so that's also probably not a great idea. I do play with toys occasionally but not with my foster fur sibling. I am not a picky eater and of course, love my treats. I don't adapt well to food changes so sticking to what I'm used to is best. I sleep with my person and that's where I prefer to be. I am crate trained for when fresh ankles enter my territory but I'm not destructive so don't need it for that. I love to curl up on the couch with my person and love getting my belly rubbed. I love car rides and going outside. I only need little walks because I'm not high energy. I love sitting in the sun on the deck. I'm good in the bath tub and am an all round gentle guy in my surroundings with my one love. 💕 My patella on my left side is pretty much constantly out. This is not painful, but it does affect my mobility some and can lead to things like ACL injuries. The vet says that I would have had this my whole life, so its not something we need to panic about. Giving pain meds when needed and modifying my activity is the best course of action given my age. My other issues after multiple tests have seemed to resolve. We'll discuss this further with my potentials. My foster mom says I am a VERY loveable & special little guy who has the sweetest smile. My perfect home would be with one person and I will give you all my love and attention. If that's you, let my rescuers know you want to bring me home with you. My adoption fee is a $400 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from 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 Looking to help? With the devastation of the fires we are still far from a full recovery, and many animals and people could use help! I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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!  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. We also offer mortgage and insurance solutions too! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 281 (282, 299, 272, 273) *356 Sold: 182 (167, 157, 191, 170) *192 Sale To Listing Ratio: 65% (59%, 53%, 70%, 62%) *54% Price Changes: 96 (96, 76, 92, 81)*112 Listings that went conditional/pending: 199 (189, 200, 206, 186) *206 Expired/Cancelled/Withdrawn: 47 (44, 58, 59, 32) *56 Total Active Halifax/Dartmouth Inventory: 1,370 (1,361, 1,361, 1,334, 1,374) *1,178 Absorption Rate in weeks: 8 (8, 6, 8, 9) *6 Single Family Home Stats Active Single Family Home: 665 (674, 701, 679, 703) *587 Average Single Family Home List Price: $563,550 ($598k,$589k,$605k,$559k) *$549k Average Single Family Home Selling Price: $579,554 ($609k,$602k,$612k,$571k) *$587k Single Family Home Sale to List Ratio This Week: 103% (102%, 102%, 101%, 102%) *107% Median Single Family Home List Price (6 mo):$525,000 ($525k,$519k,$509k,$500k) *$450k Median Single Family Home Sold Price(6 mo):$535,000 ($530k,$525k,$520k,$516k)*$545k Average Days on Market Single Family Home: 17 (24, 31, 22, 25) *13 Condo Stats Active Condos: 115 (110, 101, 92, 96) *101 Average Condo Listing Price: $491,975 ($561k, $525k, $429k, $423k) *$368k Average Condo Selling Price: $493,750 ($564k, $528k, $437k, $436k) *$384k Condo Sale to List Ratio This Week: 101% (101%, 101%, 102%, 103%) *105% Median Condo List Price (6 mo): $429,900 ($430k, $400k, $400k, $400k) *$390k Median Condo Sold Price (6 mo): $425,000 ($425k, $410k, $410k, $410k) *$448k Average Days on Market Condos: 21 (30, 26, 29, 13) *10 Active Vacant Lots: 424 (424, 419, 420, 430) *297 Market Rant Another big week this week as we officially hit the Summer market! New listings flocked to market this week, but there was still some areas of the city that are seeing more action than others. Core sections of Dartmouth, and hot spots of the peninsula (as always), but the void is noticeable in these desirable areas, so it seems the overall inventory count is being padded by certain areas and price points and when listings come up in the low count areas and prices, they are seeing above average activity. Another outside factor driving this purchasing push is the looming interest rate hikes. Not confirmed at this point, but I think a lot of folks were surprised about the interest rate hike earlier this month after speculation that there would be a hold, so some may be making a push to lock something up before that happens. Much like the pandemic market, prices took buyers out of the market first, then rising interest rates landed another blow to weary buyers already on the edge of affordability. Home ownership became something that many had to bow out of, until late last year when things started to become a bit more reasonable. Prices stabilized, and overbid amounts were somewhat under control, enticing buyers who had left the market (especially entry level buyers) to come back, only to be met with similar conditions as when they left. Ultimately, the anticipation is another slowdown, wether it is caused by soaring interest rates, overall un-affordability, or simply the lack of options. While the second or third home price range continues to grow, entry level and first time home buyer options remain less than optimal. Simply put, buyers need more affordable options out there, especially within striking distance to the city. Hopefully we see a few more options across the board! Time will tell and I have you covered, so be sure to stay on top of things by tuning into the blog! Thanks for stopping by! The Weekly "Adogtable" Hi everyone, my name is Quail, I’m a rambunctious 11 month old American bulldog mix and I’m about 70 lbs. I came from Louisiana a few weeks ago, where I was found as a stray, in search of a better life. I'm now ready to start that search. It’s currently just me and my foster mommy at home, but before I was rescued from the shelter in Louisiana, I was the tester doggy there. They used me to test all the new arrivals because I am pretty chill. That's still somewhat true. My rescuers sent me to another foster with a doggy, some kitties and a toddler to test me. Me and the doggy got along great outside and fairly well inside. I wanted to share my toy with him so I'd drop it so he could take it. Once he went to take it, I snapped at him. I love my toys, I wanted to try to share but couldn't bring myself to go through with it. After though, I'd try to give him kisses to say I'm sorry. This is something I'll need to work on. As I said, outside was great, we played and played but I don’t really know my own size so I was a little rough with him. So a doggy my own size would be more ideal. I was very interested in the kitties, I whined and whined at them but they wouldn't come to see me. As far as toddlers go, nope, definitely not my cup of tea so older kids only please. I'm still a puppy, so as far as my training goes, everyday I’m getting better on leash, but my foster mom says I’d benefit from a gentle leader as I tend to get excited and will pull a little. My recall is a work in progress so I’m a little bit of a flight risk, but I’m highly food motivated and a quick learner so I don’t imagine it’ll take me long to break out of those habits. I’m only 11 months old so I have a lot of puppy energy and tendencies so my energy level matches that. My foster mum takes me on several walks a day but she says I’ll probably enjoy a home that has a yard or is near a park so that I can get my energy out that way. When I get wound up, I start playing using my mouth. Because I’m such a big, strong boy, it can hurt. I don't mean to be rough, I just want to play. I love to play fetch and will play for hours if you let me, just don't expect me to always return it to you. I’m working on my housetraining, it isn’t perfect, but I’ve made loads of progress in a such a short time. My foster mom works full time but if I have someone able to let me out every few hours, I should master it in no time. I’m good in the car but you may have to lift me in occasionally as I’m still getting the hang of it. I don’t have separation anxiety and I’ll usually distract myself with a good indestructible toy until someone returns to play with me. If left unattended for too long, I may get into things that are left laying around the house like shoes or books as I am a chewer, but I am crate trained if there’s ever a need to do so. I’m not a big barker, but I’ll bark a little if I see a bigger dog while on walks or when someone comes to the door but I stop when told. I sleep on my bed sometimes, but I really enjoy sleeping on the couch. As far as food goes, I love it, so much so that I had an emergency vet visit because I gobbled way too much food when my foster mom was out, which is why I should be crated when you're out. My foster mommy has noticed that kibble with chicken doesn’t agree with my tummy and can cause me to become itchy. I’m a tall boy so I will try my luck if you leave interesting smelling items close enough to the edge of the counter. I think I’d be best suited in an active family or a home with another pup to play with, just no toys unless we are outside. I’m good with strangers and may come off a little strong as I like to jump on them to greet them, but my foster mommy says I can’t keep doing this and we’ve been working on it together. I love to give kisses and I’m all around just a very affectionate pup that loves living in my hoomans shadow. If I sound like the guy you've been looking for, then let my rescuers know that you want to bring me home by submitting an application. My adoption fee is a $550 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from 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 Looking to help?With the devastation of the fires we are still far from a full recovery, and many animals and people could use help! I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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! 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. We also offer mortgage and insurance solutions too! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 282 (299, 272, 273, 262) *307 Sold: 167 (157, 191, 170, 147) *220 Sale To Listing Ratio: 59% (53%, 70%, 62%, 56%) *72% Price Changes: 96 (76, 92, 81, 86)*122 Listings that went conditional/pending: 189 (200, 206, 186, 215) *227 Expired/Cancelled/Withdrawn: 44 (58, 59, 32, 35) *45 Total Active Halifax/Dartmouth Inventory: 1,361 (1,361, 1,334, 1,374, 1,330) *1,097 Absorption Rate in weeks: 8 (6, 8, 9, 9) *6 Single Family Home Stats Active Single Family Home: 674 (701, 679, 703, 665) *522 Average Single Family Home List Price: $597,918 ($589k,$605k,$559k,$613k) *$529k Average Single Family Home Selling Price: $608,623 ($602k,$612k,$571k,$622k) *$577k Single Family Home Sale to List Ratio This Week: 102% (102%, 101%, 102%, 101%) *110% Median Single Family Home List Price (6 mo):$524,900 ($519k,$509k,$500k,$500k) *$450k Median Single Family Home Sold Price(6 mo):$530,000 ($525k,$520k,$516k,$513k)*$545k Average Days on Market Single Family Home: 24 (31, 22, 25, 28) *10 Condo Stats Active Condos: 110 (101, 92, 96, 102) *102 Average Condo Listing Price: $560,500 ($525k, $429k, $423k, $470k) *$587k Average Condo Selling Price: $564,050 ($528k, $437k, $436k, $485k) *$603k Condo Sale to List Ratio This Week: 101% (101%, 102%, 103%, 103%) *103% Median Condo List Price (6 mo): $429,900 ($400k, $400k, $400k, $400k) *$389k Median Condo Sold Price (6 mo): $425,000 ($410k, $410k, $410k, $407k) *$450k Average Days on Market Condos: 30 (26, 29, 13, 24) *112 Active Vacant Lots: 424 (419, 420, 430, 415) *287 Market Rant Looks like the Spring market is going to push high activity right into the Summer months! New listing additions continued to pile to the market this week, met with similar levels of buyer interest as reflected in the conditional/pending statistic. Something has slowed a bit this week however, and although the stats are looking quite close to numbers last week, the absorption rate gained two points after sliding down from peak levels a few months ago. Inventory remained exactly the same as last week, despite having a rather large drop in single family homes, helped also by status changes of properties under contract, and those properties exiting the market. Big picture talk; once again, both tracked products six month median listing and sales numbers bumped in value again this week, thanks to the strong late Winter and Spring markets. After seasonally low inventory levels capped at the end of 2022, local buyers began to return to market after a brief drop in overall prices. With the market stabilizing and overbid amounts becoming more reasonable, buyer confidence returned to Halifax, which created a surge of new and returning buyers to market. Since then, it has been back to challenging times for buyers in most cases, but the big differences are that some price points and areas have availability, the overbids are not as significant as they have been, and in some cases selling under asking! Summer does tend to be one of the sleepier seasons for real estate, but the anticipation is that we are likely to see overflow activity from the first half of the year spill into the Summer months. Time will tell, and I have you covered! Be sure to stay tuned to the blog to stay informed, and thanks for stopping by! The Weekly "Adogtable" Hi all! My name is Georgia and I am an 8.5 month old, 23lb., beagle mix girlie. My dad and I were surrendered to the rescue due to a change in family dynamics. I am now ready to start the search for my forever home. I’m a super cute, fit, energetic, and agile girlie. I loooooove walking in the forest and would make a great hiking partner as I navigate rough terrain with ease and love to explore. I am great on a long lead and rarely hit the end of it but if walked on a short leash I pull a lot. I love, love, love food so I am easy to motivate in training and you could easily teach me many new skills. Meal times are my favorite time of day and I hop around like a bunny. I have a great nose too and if food is left within my reach I will find it. I’m also motivated by praise and attention and love being told how good I am. I like toys but get bored quickly. I’d rather chase my foster canine siblings than the toy. I’m not a swimmer but I tolerate baths well. If you have treats nail trims are no problem either. I’m a cuddly girl who loves to climb into your lap or curl up on the couch after a long walk. I am actually quite chill (and quiet!) in the house if my needs are met. Everyday, I currently go for two long (45-60 minute) walks and some shorter potty walks along with some playtime and enrichment. This helps get out my energy. I am crate trained and am happy to nap in my crate. I quietly sleep in my crate all night since I am still working on my potty training. I’ve had no accidents in nearly a week though! I can hop baby gates with ease and try to squeeze through cracks in fences, so secure and high fencing would be a must for me. I like playing with other dogs, but only for a bit and then I’d rather do something else. I enjoy their company on walks but crowded dog parks aren’t really my cup of tea. I sometimes bark or snap while resource guarding treats, toys, and sometimes furniture from my foster fur siblings. I have no issues sharing with people though. My foster mom thinks I’d do best in an only dog home or with a family willing to work on this in training with me. In my previous home I lived with cats and children with no issues. I am not yet spayed because I went into heat on the day of my appointment. I do have a future appointment which my new family will need to get me to, however my rescuers will pay for my appointment. I’m full of personality and will definitely make you laugh. A sense of humour is a must with me! I'm still a puppy with lots to learn. With a home with patience and lots of love, I'll be the perfect, little lady in no time. My adoption fee is a $550 donation to the rescue to help save more dogs like me. I am spayed, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help?With the devastation of the fires we are still far from a full recovery, and many animals and people could use help! I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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! 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. We also offer mortgage and insurance solutions too! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 299 (272, 273, 262, 324) *365 Sold: 157 (191, 170, 147, 154) *197 Sale To Listing Ratio: 53% (70%, 62%, 56%, 48%) *54% Price Changes: 76 (92, 81, 86, 86)*102 Listings that went conditional/pending: 200 (206, 186, 215, 183) *248 Expired/Cancelled/Withdrawn: 58 (59, 32, 35, 46) *44 Total Active Halifax/Dartmouth Inventory: 1,361 (1,334, 1,374, 1,330, 1,365) *1,077 Absorption Rate in weeks: 6 (8, 9, 9, 9) *6 Single Family Home Stats Active Single Family Home: 701 (679, 703, 665, 698) *552 Average Single Family Home List Price: $588,831 ($605k,$559k,$613k,$604k) *$548k Average Single Family Home Selling Price: $601,446 ($612k,$571k,$622k,$612k) *$599k Single Family Home Sale to List Ratio This Week: 102% (101%, 102%, 101%, 101%) *110% Median Single Family Home List Price (6 mo):$519,000 ($509k,$500k,$500k,$500k) *$450k Median Single Family Home Sold Price(6 mo):$525,000 ($520k,$516k,$513k,$506k)*$545k Average Days on Market Single Family Home: 31 (22, 25, 28, 20) *10 Condo Stats Active Condos: 101 (92, 96, 102, 104) *93 Average Condo Listing Price: $525,430 ($429k, $423k, $470k, $454k) *$418k Average Condo Selling Price: $527,970 ($437k, $436k, $485k, $457k) *$450k Condo Sale to List Ratio This Week: 101% (102%, 103%, 103%, 101%) *108% Median Condo List Price (6 mo): $399,900 ($400k, $400k, $400k, $400k) *$390k Median Condo Sold Price (6 mo): $410,000 ($410k, $410k, $407k, $405k) *$446k Average Days on Market Condos: 26 (29, 13, 24, 22) *13 Active Vacant Lots: 419 (420, 430, 415, 417) *269 Market Rant Most stats fell a bit short this week, but not as much as anticipated. A week after a historic wildfire devastated Halifax, the market seems to be unaffected by the event, however, there is no doubt that this will have a big impact in the coming months and likely years. Not only has it knocked out 150+ homes that will need immediate rebuild, many of the other homes not completely destroyed are now in limbo as they wait for assessment and restoration. Still a long way to go on rebuild of these neighbourhoods, and below are some links on how you can help! Bank of Canada raised it prime rate 25 basis points yesterday, in a surprise announcement to curb inflation that has once again reared its head. This also marks a 22-year high of the target policy rate to 4.75%, but if you think that is where it ends, unfortunately it seems there is at least another 25 basis points on the way in July. Overall, availability in the city remains relatively unchanged in the last month. Thanks to builders products continuing to hit the market, there seems to be some listings sticking around to create a buffer of options, above the $700,000 price mark anyways. Competition remains fierce out there still, but it does seem as though things are starting to slow down a bit in several areas. With interest rates and prices back on the rise, coupled with rather large gaps in inventory in certain price points and areas, the question of affordability becomes a reality once again with purchase discussion. With the unexpected Spring market coming to an end, all eyes train on Summer, where the key focus will hopefully be recovery. Make sure to stay tuned to the blog to stay informed, and thanks for stopping by! The Weekly "Adogtable" Hi everyone!! My name is Chase and I'm a 1.5 yr old, 25lb. Beagle mix fella. I came into care because my family dynamics changed. I have been decompressing in my foster home for the last 2 weeks and I'm now ready to start searching for my forever home. I am currently fostered with cats and dogs and I love them all. I am a party animal at heart and like to go, go, go. I don’t really know how to stop playing so sometimes I become annoying to my canine friends. I am pretty chill when I'm the only pupper home so could definitely be fine if I'm in an only pet home. I am fed separately from my other animal friends because I can be a bit aggressive with them when it comes to food. Although I'm good with cats, I don't think a cat only home is ideal for me since I like to play nonstop. I lived with various aged children in my previous home with no issues. I've taken a few car rides and I love it. I am an amazing escape artist. If there's a way, I will find it. Not even a fully fenced dog park could keep me in...I found that little hole, hehe. If garbage is not secure, I will get into it. I do have some separation anxiety that I'm working on so I'd prefer a household with my people around more often than not. Crates are a big no for this fella, they upset me alot. I am working on housetraining. When I'm outside to do my business, my nose is just too busy and sometimes I forget to go. I prefer to sleep near you but not with you. I walk very well on a leash and take my time to sniff everything. I do need to be on leash at all times or I will be gone in a flash. I don't have much interest in toys but I have alot of fur foster siblings to keep me busy. I am not picky with food, I love it all, especially treats. I am a very smart and very sweet boy. I love all people and animals that I've met. I do need a few wrinkles ironed out to be the bestest boy I can be. Would you like to help me with that? Let my rescuers know!! My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help?With the devastation of the fires we are still far from a full recovery, and many animals and people could use help! I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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! 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. We also offer mortgage and insurance solutions too! 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 Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (273, 262, 324, 290) *386 Sold: 191 (170, 147, 154, 153) *176 Sale To Listing Ratio: 70% (62%, 56%, 48%, 53%) *46% Price Changes: 92 (81, 86, 86, 82)*81 Listings that went conditional/pending: 206 (186, 215, 183, 177) *262 Expired/Cancelled/Withdrawn: 59 (32, 35, 46, 43) *59 Total Active Halifax/Dartmouth Inventory: 1,334 (1,374, 1,330, 1,365, 1,271) *1,010 Absorption Rate in weeks: 8 (9, 9, 9, 10) *5 Single Family Home Stats Active Single Family Home: 679 (703, 665, 698, 637) *483 Average Single Family Home List Price: $604,465 ($559k,$613k,$604k,$649k) *$503k Average Single Family Home Selling Price: $612,205 ($571k,$622k,$612k,$653k) *$570k Single Family Home Sale to List Ratio This Week: 101% (102%, 101%, 101%, 101%) *113% Median Single Family Home List Price (6 mo):$509,000 ($500k,$500k,$500k,$500k) *$450k Median Single Family Home Sold Price(6 mo):$520,000 ($516k,$513k,$506k,$500k)*$540k Average Days on Market Single Family Home: 22 (25, 28, 20, 26) *9 Condo Stats Active Condos: 92 (96, 102, 104, 98) *91 Average Condo Listing Price: $428,644 ($423k, $470k, $454k, $540k) *$408k Average Condo Selling Price: $437,139 ($436k, $485k, $457k, $442k) *$442k Condo Sale to List Ratio This Week: 102% (103%, 103%, 101%, 82%) *108% Median Condo List Price (6 mo): $399,900 ($400k, $400k, $400k, $400k) *$390k Median Condo Sold Price (6 mo): $410,000 ($410k, $407k, $405k, $405k) *$448k Average Days on Market Condos: 29 (13, 24, 22, 22) *7 Active Vacant Lots: 420 (430, 415, 417, 405) *255 Market Rant Needless to say, the ongoing fire situation here in Halifax has had, and continues to have, a major impact on the city. As various departments, volunteers, businesses and people in general scramble to keep the fire contained and support those on the front lines and those that have been impacted, help will be needed now and for the foreseeable future. Please scroll down for a few ways you can assist. With such an unfortunate event, many things here will be effected, including the real estate market. The initial pause of activity while things get under control, the ongoing pause while the aftermath is addressed, and the long term impact from pressure this may cause on our already strained market. HRM is a big place, so there are many areas that continue to press on, much like the pandemic market, things carried on, just differently. At first blush, the stats this week look rather normal, especially for this time of year, but I think the impact will be felt in the coming weeks. The need to rebuild 150+ homes lost in the fires will put pressure on local builders, and there will be many who will not be able to wait out rebuild times, so they may choose to enter the market to purchase. With so little inventory as it is, and builders being as busy as they are catching up from the pandemic market, it seems as though we could see a further entrenchment into the Sellers market. Haligonians are a resilient bunch, and reading all the stories and posts offering aid, volunteering, and the general rally around each other mantra has been heartwarming and inspiring. If you are looking to help, plug in! There are many ways you can! Stay safe out there, and thanks for stopping by! Call to Action! Halifax Needs Your Help! With the devastation of the fires this past week (and still going), In place of the weekly Adogtable feature, I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communties impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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! 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. We also offer mortgage and insurance solutions too! 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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