Halifax (HRM) Residential Market Statistic Update For Week of July 24th - July 31st 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 443 (462, 544, 478) *441
Sold: 150 (143, 161, 128, 163) *148
Sale To Listing Ratio: 34% (31%, 26%, 27%, 35%) *34%
Listings that went conditional/pending: 135 (148, 154, 147, 157) 
Expired/Cancelled/Withdrawn:  122 (105, 111, 300, 81) *294
Total Active Halifax/Dartmouth Inventory:  5,769 (5,755, 5,715, 5,660, 5,777) *5,486
Active Single Family Home: 3,899 (3,918, 3,900, 3,856, 3,941) *3,643
Average Single Family Home List Price:  $324,030 ($322,905, $307,591, $290,741, $307,957) *309k
Average Single Family Home Selling Price:   $310,164 ($309,886, $297,796, $282,092, $296,001) *297k
*Single Family Home Sale to List Ratio This Week: 96% (95%)
Average Days on Market Single Family Home: 87 (97, 87, 86, 93) *103
Active Condos:  539 (549, 549, 555, 549) *436
Average Condo Listing Price:  $245,552 ($243,014, $228,121, $255,377, $249,333) *323k
Average Condo Selling Price:  $238,284 ($237,135, $221,774, $248,588, $232,150) *310k
*Condo Sale to List Ratio This Week: 97% (98%)
Average Days on Market Condos:  70 (67, 89, 80, 98) *109
Absorption Rate in weeks:  40  (39)*40
Active Vacant Lots: 957 (923, 912, 903, 938)

MARKET RANT
On the heels of a record breaker last week, we ended up breaking another one...single family homes values!! again. Marginal improvements in some of the key areas including a slight gain in sales, reduction of inventory gain, lower days on market, pretty much everything...except vacant lot gain. Although there was a slight improvement in the market this week, the total inventory bumped again, climbing to peak levels. Traditionally, the inventory will ebb and flow over the next few months around the same numbers, but anything goes as of late and it's time for us to snap out of this funk right? right?? Investors and analysts alike are projecting that we are in for the long haul, where other, glass half full types, look at any nominal improvement as the great wave of change. With the Irving shipbuilding contract taking longer than expected to ramp up, the general market attitude remains reluctant. And with the currently low buyer and seller confidence, the feeling is that even the mighty Irving contract is not enough to put this ship back on course. 

TIP OF THE WEEK
Before starting your home search, it's always a great idea to get pre-approved by a mortgage specialist from your financial institution, or a mortgage broker. It really helps you dial in the price range that you should be looking at, and without it, you may be looking at properties that are over budget. 

WEEKLY ADOGTABLE
Derby is a handsome 3 year old, 70lb dark blue pitty looking for his perfect match! He is a gentle love bug who loves to snuggle and relax in the sun. Derby would like a home with an active family where he well get plenty of mental and physical stimulation. He loves children and would do best with a family with older children as he tends to get excited, but with basic obedience he would be a fantastic dog to have around. Obedience classes will be mandatory for anyone wishing to adopt and if a foster home is found in the HRM area, training classes will be provided. Derby is simply looking for an active friend to call his own who will help teach him the good in the world. Derby is not good with other cats and since he tends to have bad manners with other dogs, a pet free home would be best. Derby is kennel trained, vaccinated, and neutered.

This "Handsome Hulk" is available through Buddies 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 July 17th - July 24th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 462 (544, 478, 477, 490) *459
Sold: 143 (161, 128, 163, 168) *164
Sale To Listing Ratio: 31% (26%, 27%, 35%, 34%) *36%
Listings that went conditional/pending: 148 (154, 147, 157, 159) 
Expired/Cancelled/Withdrawn:  105 (111, 300, 81, 96) *130
Total Active Halifax/Dartmouth Inventory:  5,755 (5,715, 5,660, 5,777, 5,717) *5,648
Active Single Family Home: 3,918 (3,900, 3,856, 3,941, 3,897) *3,712
Average Single Family Home List Price:  $322,905 ($307,591, $290,741, $307,957, $303,555) *305k
Average Single Family Home Selling Price:   $309,886 ($297,796, $282,092, $296,001, $293,003) *296k
*Single Family Home Sale to List Ratio This Week: 95%
Average Days on Market Single Family Home: 97 (87, 86, 93, 84) *99
Active Condos:  549 (549, 555, 549, 545) *445
Average Condo Listing Price:  $243,014 ($228,121, $255,377, $249,333, $250,893) *333k
Average Condo Selling Price:  $237,135 ($221,774, $248,588, $232,150, $241,033) *320k
*Condo Sale to List Ratio This Week: 98%
Average Days on Market Condos:  67 (89, 80, 98, 77) *70
Absorption Rate in weeks:  39 *43
Active Vacant Lots: 923 (912, 903, 938, 934)

MARKET RANT
And we're back! Couple new additions to the blog, a new blog record, and we celebrate an anniversary this week. To the rant! Looks like things are still steady in the main areas and no "uptick" in the market occurred in the last couple of weeks. The only things that are on the up is inventory (as per usual) and the average sale prices. Both Condo and Single Family Homes posted solid prices this week, with SFH's breaking a all time value high this week on the blog coming in at $309,886. So our odd trend of increasing prices, every growing inventory and lack of buyers continues as the summer market carries on. Couple of new stat additions this week, and the return of an old one. Decided to post the sale to list ratio for both single family homes and condo's. As you can see, SFH's averaged a 5% price reduction from where it was listed, and condo's negotiated a mere 2%. These numbers only reflect the last list price to the sale, and does not take into account however many price reductions took place before that. I would imagine the point gap would be much larger if that was that case. 

Last but not least, we celebrate the one year anniversary of the "Weekly Adogtable" feature on the blog. Working hand in hand with many of the great people and associations that take care of these rescued animals has been an absolute pleasure. The exposure that these guys get here has been noticed by many people, and referenced back to on adoption day, which makes me extremely happy. I donate what time I have, and funding to these amazing people and places in hopes that these guys get a second chance at a home, and don't get lost along the way. Thank you for the support, and please, share when you can. The more exposure they get, the better chance they will be noticed, and ultimately, adopted.

WEEKLY ADOGTABLE
Bronx is a beautiful pit bull terrier that is as cuddly as can be and will curl up with you for hours as soon as you sit down. She is around 3 years old, 65lbs, spayed and vaccinated. Bronx is fully house trained and hasn't touched any of her foster mama’s things. She loves to play with tugging on her rope and is lower energy with sleeping most of the day. Bronx will bark when someone comes to the door but she warms up quickly and is full of kisses for new people once she meets them. She is learning quickly not to pull on walks but will need someone with patients who will continue to work with her. Bronx meets big dogs when off-leash, but will need a home free from small dogs and would do best in a pet free home. She lived with 3 children in her past and loves to snuggle right in with them. Bronx is a very loving girl who is looking for someone to curl up with and who will love her back. To adopt Bronx, fill out an Adoption Application!

This "Lovely Lady" is available through Buddies 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 July 3rd - July 10th 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 544 (478, 477, 490, 578) *499
Sold: 161 (128, 163, 168, 168) *130
Sale To Listing Ratio: 26% (27%, 35%, 34%, 29%) *26%
Listings that went conditional/pending: 154 (147, 157, 159, 162) 
Expired/Cancelled/Withdrawn:  111 (300, 81, 96, 106) *103
Total Active Halifax/Dartmouth Inventory:  5,715 (5,660, 5,777, 5,717, 5,676) *5,556
Active Single Family Home: 3,900 (3,856, 3,941, 3,897, 3,861) *3,671
Average Single Family Home List Price:  $307,591 ($290,741, $307,957, $303,555, $300,326) *286k
Average Single Family Home Selling Price:   $297,796 ($282,092, $296,001, $293,003, $291,173) *275k
Average Days on Market Single Family Home: 87 (86, 93, 84, 104) *102
Active Condos:  549 (555, 549, 545, 562) *442
Average Condo Listing Price:  $228,121 ($255,377, $249,333, $250,893, $252,998) *289k
Average Condo Selling Price:  $221,774 ($248,588, $232,150, $241,033, $243,573) *281k
Average Days on Market Condos:  89 (80, 98, 77, 69) *60
Active Vacant Lots: 912 (903, 938, 934, 928)

MARKET RANT
It would appear that last weeks decline in the inventory was just slow reflex to get back on the market. Listing piled onto the market this week confirming the theory of the whole first of the month expire/re-list dance. Inventory struck back with a vengeance, and almost spiked us back to the peak of the year that we witnessed two weeks ago. I guess only time will tell if there is still "gain" left in the inventory this year, or see it start to taper off finally. Much like the featured article last week, values for single family homes remained high this week, despite the command for correction. We need some action, and less talk about the "things to come", even then, I believe the majority of upgrading buyers will still be hesitant until a real turn around is made. Guess we will just have to continue playing the waiting game.

WEEKLY ADOGTABLE
Saskia is around 2 years old and fully vetted , she is a sweet goofy girl that get's along well with other dogs , we are not sure about cats at the moment. She isn't too big weighing around 55lb. We are accepting applications now!

This "Goofy Gal" is available through Nova Scotia Pit Bull Society, 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 26th - July 3rd 2014
(Previous weeks numbers in brackets)
*Last year this week

New Listings: 478 (477, 490, 578, 616) *554
Sold: 128 (163, 168, 168, 154) *127
Sale To Listing Ratio: 27% (35%, 34%, 29%, 25%) *23%
Listings that went conditional/pending: 147 (157, 159, 162, 176) 
Expired/Cancelled/Withdrawn:  300 (81, 96, 106, 227) *260
Total Active Halifax/Dartmouth Inventory:  5,660 (5,777, 5,717, 5,676, 5,569) *5,526
Active Single Family Home: 3,856 (3,941, 3,897, 3,861, 3795) *3,635
Average Single Family Home List Price:  $290,741 ($307,957, $303,555, $300,326, $313,837) *297k
Average Single Family Home Selling Price:   $282,092 ($296,001, $293,003, $291,173, $302,548) *288k
Average Days on Market Single Family Home: 86 (93, 84, 104, 78) *80
Active Condos:  555 (549, 545, 562, 560) *445
Average Condo Listing Price:  $255,377 ($249,333, $250,893, $252,998, $254,277) *280k
Average Condo Selling Price:  $248,588 ($232,150, $241,033, $243,573, $244,455) *272k
Average Days on Market Condos:  80 (98, 77, 69, 70) *85
Active Vacant Lots: 903 (938, 934, 928, 897)

MARKET RANT
Guess everyone was out there enjoying Canada Day celebrations this week, and who could blame them with the gorgeous weather we have been enjoying! Usually, there is a pretty big turn around at the beginning of the month with expired listings coming off, than back on the market. This week, it would appear that quite a few property owners decided not to come back to market...for now at least. For a month that is normally trends growth, the first week of July has actually shed some of that "winter weight", and looks to start an early decline into the annual trend. Specifically, there was 234 listings that expired this week, but new listings remained average (for the past couple of years anyways), which leads me to believe that the annual decline has started early, or record numbers of sellers are "taking a break" from the market and we will see them back in a couple of weeks. Prices still remain solid, regardless of demand, which is an odd anomaly and addressed in the article below.

NOTABLE NEWS
Not to be fooled by the title "Halifax Market Picks Up Steam", this article outlines some of the factors that are contributing to our market. Long time readers of the Blog may find this news stale, but at least it outlines some of the issues. The CEO of ViewPoint Realty, and my boss, Bill McMullin weighed in as well with a perfect description of the "stand off" market we are currently in. Highly recommend a read!

WEEKLY ADOGTABLE
Dex is around 2 years old and will be fully vetted soon , we think he is an American Bulldog mix and is a big boy , likely around 75-80lb. He is an amazing dog , get's along very well with other dogs and great with people too. He does need some leash work as he likes to pull , this will be worked on by his fosters. At this time we do not know how he is with cats , and once we get to know him better we will know what age group of kids would be most suitable. 

This "Brooding Boy" is available through Nova Scotia Pit Bull Society, 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