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Halifax (HRM) Residential Market Statistic Update for the Week of July 21st - July 28th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 294 (319. 302, 332, 403) *335 Sold: 156 (138, 139, 128, 165) *136 Sale To Listing Ratio: 53% (43%, 46%, 37%, 41%) *41% Price Changes: 247 (289, 290, 227, 287) *302 Listings that went conditional/pending: 179 (167, 171, 138, 170) *180 Expired/Cancelled/Withdrawn: 118 (119, 105, 306, 161) *117 Total Active Halifax/Dartmouth Inventory: 5,519 (5,528, 5,494, 5,470, 5,518) *5,991 Absorption Rate in weeks: 39 (39, 37, 35, 33) *43 Single Family Home Stats Active Single Family Home: 3,637 (3,670, 3,665, 3,633, 3,652) *4,092 Average Single Family Home List Price: $334,515 ($320k, 292k, $298k, $296k) *$304k Average Single Family Home Selling Price: $319,094 ($291k, $282k, $287k, $287k) *$281k Single Family Home Sale to List Ratio This Week: 95% (96%, 97%, 96%, 97%) *92% Median Single Family Home List Price: $279,900 ($275k, $275k, $270k, $260k) *$290k Median Single Family Home Sold Price: $274,500 ($265k, $268k, $265, $252k) *$271k Average Days on Market Single Family Home: 86 (96, 87, 80, 73) *113 Condo Stats Active Condos: 504 (495, 483, 492, 504) *522 Average Condo Listing Price: $234,861 ($273k, $278k, $263k, $235k) *$263k Average Condo Selling Price: $227,272 ($264k, $270k, $255k, $226k) *$237k Condo Sale to List Ratio This Week: 97% (97%, 97%, 97%, 96%) *96% Median Condo List Price: $228,700 ($230k, $230k, $255k, $218k) *240k Median Condo Sold Price: $225,000 ($225k, $225k, $237k, $205k) *230k Average Days on Market Condos: 86 (46, 72, 84, 176) *68 Active Vacant Lots: 1,095 (1,084, 1,073, 1,074, 1,094) *1,070 MARKET RANT The Summer is when I predicted that we would see the full impact from the activity that we experienced starting in November of last year, and things are starting to align. I'll start with our inventory, which is down over 450 products from this time last year with single family homes leading the way with over 400 less properties on the market this year. That is quite the feat! The sales week over week are performing better, as well, the sales to list ratio has also bested last year on average. There are a couple of things that remain at parody (or close to) however, stats such as expired/cancelled listings, days on market, and buyer activity...this week anyways. Values are holding strong and buyer activity is still up, so comparably, things should continue to improve for the market here in Halifax this year. Stay tuned to find out! Thanks for stopping by!  Eh oh Rocko! Will you be his champ? WEEKLY ADOPTABLE Rocko is a spunky 8 year old amstaff searching for a home to call his own. This boy LOVES making new people friends; he will roll around on the ground and wag his tail with so much enthusiasm, it almost becomes whip like! Rocko knows many different tricks: sit, paw, down, crawl, spin and even speak! This handsome boy is extremely food motivated so training would be easy peasy. Rocko loves chasing the laser pointer around and could do this for hours, such great entertainment for everyone around. We are recommending that Rockos new home have no other animals and kids over the age of 7 just where he is quite excitable and can be jumpy. If you're interested in meeting this beautiful boy, come on by during our adoption hours today :) This "cuddly companion" is available through the Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  The ViewPoint Realty interactive property map VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Halifax (HRM) Residential Market Statistic Update for the Week of July 14th - July 21st 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 319 (302, 332, 403, 356) *360 Sold: 138 (139, 128, 165, 168) *165 Sale To Listing Ratio: 43% (46%, 37%, 41%, 47%) *46% Price Changes: 289 (290, 227, 287, 302) *310 Listings that went conditional/pending: 167 (171, 138, 170, 172) *164 Expired/Cancelled/Withdrawn: 119 (105, 306, 161, 114) *137 Total Active Halifax/Dartmouth Inventory: 5,528 (5,494, 5,470, 5,518, 5,455) *5,962 Absorption Rate in weeks: 39 (37, 35, 33, 33) *41 Single Family Home Stats Active Single Family Home: 3,670 (3,665, 3,633, 3,652, 3,653) *4,097 Average Single Family Home List Price: $301,680 ($292k, $298k, $296k, $311k) *$289k Average Single Family Home Selling Price: $290,818 ($282k, $287k, $287k, $302k) *$277k Single Family Home Sale to List Ratio This Week: 96% (97%, 96%, 97%, 97%) *96% Median Single Family Home List Price: $274,900 ($275k, $270k, $260k, $279k) *$271k Median Single Family Home Sold Price: $264,500 ($268k, $265, $252k, $272k) *$262k Average Days on Market Single Family Home: 96 (87, 80, 73, 78) *76 Condo Stats Active Condos: 495 (483, 492, 504, 494) *522 Average Condo Listing Price: $273,072 ($278k, $263k, $235k, $224k) *$242k Average Condo Selling Price: $264,400 ($270k, $255k, $226k, $216k) *$237k Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%) *98% Median Condo List Price: $229,900 ($230k, $255k, $218k, $210k) *226k Median Condo Sold Price: $225,000 ($225k, $237k, $205k, $204k) *220k Average Days on Market Condos: 46 (72, 84, 176, 85) *79 Active Vacant Lots: 1,084 (1,073, 1,074, 1,094, 1,043) *1,040 MARKET RANT Too hot to type... Summer has definitely arrived in Halifax, and I for one am not going to complain. Sure I only turn one colour in the Summer and that's lobster, but after the Spring we had I will enjoy the heat and not complain about it! To the market! Sellers seem to be taking gate same approach to Summer as there seems to be lower additions to the market this week (and last), and who can blame them? Buyer are still out though, and our sales to list ratio is killing it because of the lack of new additions. Strangely, the overall inventory levels increased despite the positive activity, but keep in mind that there is time implications with some of these stats and it may take a week or more to catch up to the current market reflection. Values remain steady, as does the sales to list ratio, but those are quite reliable here in Halifax. The market does look better than last year at this time, and has reported as such all year. Hopefully we will see the full impact of the activity we have seen turn around beginning in November 2015, but you'll have to stay tuned to find out! Thanks for stopping by!  WEEKLY ADOPTABLE Ari is a lovely little bluenose pitty searching for a home to call her own. She is such a character; she loves to play with toys and snuggle up on the couch any time! Ari would do fine meeting other dogs, although she can be a bit dominate upon introduction so if she's going to live with one, they'll need to be submissive with her or know how to tell her enough is enough. Ari would be great with kids - she can be a little jumpy but with some training that habit should be kicked in no time! If you're interested in meeting Ari, stop by any time during adoption hours. This "cuddly companion" is available through the Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Halifax (HRM) Residential Market Statistic Update for the Week of July 7th - July 14th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 302 (332, 403, 356, 397) *374 Sold: 139 (128, 165, 168, 171) *120 Sale To Listing Ratio: 46% (37%, 41%, 47%, 43%) *32% Price Changes: 290 (227, 287, 302, 329) *281 Listings that went conditional/pending: 171 (138, 170, 172, 203) *139 Expired/Cancelled/Withdrawn: 105 (306, 161, 114, 148) *111 Total Active Halifax/Dartmouth Inventory: 5,494 (5,470, 5,518, 5,455, 5,377) *5,893 Absorption Rate in weeks: 37 (35, 33, 33, 33) *41 Single Family Home Stats Active Single Family Home: 3,665 (3,633, 3,652, 3,653, 3,605) *4,026 Average Single Family Home List Price: $291,773 ($298k, $296k, $311k, $307k) *$284k Average Single Family Home Selling Price: $282,136 ($287k, $287k, $302k, $299k) *$275k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) *97% Median Single Family Home List Price: $274,900 ($270k, $260k, $279k, $285k) *$272k Median Single Family Home Sold Price: $267,500 ($265, $252k, $272k, $277k) *$262k Average Days on Market Single Family Home: 87 (80, 73, 78, 80) *68 Condo Stats Active Condos: 483 (492, 504, 494, 486) *526 Average Condo Listing Price: $278,261 ($263k, $235k, $224k, $232k) *$258k Average Condo Selling Price: $269,693 ($255k, $226k, $216k, $224k) *$250k Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 96%) *97% Median Condo List Price: $229,950 ($255k, $218k, $210k, $232k) *230k Median Condo Sold Price: $225,300 ($237k, $205k, $204k, $220k) *224k Average Days on Market Condos: 72 (84, 176, 85, 75) *96 Active Vacant Lots: 1,073 (1,074, 1,094, 1,043, 1,030) *1,035 MARKET RANT With the weather being so kind to us in our fair city, it looks like more people are out enjoying the heat and getting out there to check out properties. New listing additions remain lower week over week compared to this time last year, but sales are up in the same regard. Although sales remain tepid, the overall inventory level and sales rate has actually caused a two week gain to the absorption rate. Odd, beings the stats are pointing in the opposite direction, but we did see a bit of a lag in the last few weeks. Values remain steady and we have seen a marginal gain over this year last time, which is a normal trend year over year. There has been peaks and valleys with sales value, but overall, prices trend in the upwards direction annually, however marginal. Many were holding their breath waiting for the price peaks to correct in the face of our inflated market, and some areas have, however Nova Scotians held steady to their listed prices causing what has been noted as a minor correction. This is still a new event however and still developing, so make sure to stay tuned to get the summary and overall impact as we get heated in the Summer months. Thanks for stopping by!  Tila could use a place to call home WEEKLY ADOPTABLE Tila is a sweet and energetic older amstaff mix in need of a home to spend the rest of her days. Tila came in to the pound full of lumps and bumps, so the poor gal has already gone through two major surgeries to remove some mammary tumors that hopefully won't be returning. Tila should go to a home with no other animals, as she does get pretty protective over her toys and sometimes food. She's a very relaxed girl with spurts of energy at times so a fairly laid back home would be just fine :) This "cuddly companion" is available through the Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  The ViewPoint Realty Interactive Property Map VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Halifax (HRM) Residential Market Statistic Update for the Week of June 30th - July 7th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 332 (403, 356, 397, 382) *464 Sold: 128 (165, 168, 171, 171) *138 Sale To Listing Ratio: 37% (41%, 47%, 43%, 45%) *30% Price Changes: 227 (287, 302, 329, 333) *326 Listings that went conditional/pending: 138 (170, 172, 203, 208) *163 Expired/Cancelled/Withdrawn: 306 (161, 114, 148, 231) *126 Total Active Halifax/Dartmouth Inventory: 5,470 (5,518, 5,455, 5,377, 5,319) *5,800 Absorption Rate in weeks: 35 (33, 33, 33, 33) *37 Single Family Home Stats Active Single Family Home: 3,633 (3,652, 3,653, 3,605, 3,576) *3,971 Average Single Family Home List Price: $298,203 ($296k, $311k, $307k, $297k) *$287k Average Single Family Home Selling Price: $286,599 ($287k, $302k, $299k, $288k) *$279k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price: $269,999 ($260k, $279k, $285k, $276k) *$270k Median Single Family Home Sold Price: $265,000 ($252k, $272k, $277k, $272k) *$260k Average Days on Market Single Family Home: 80 (73, 78, 80, 81) *72 Condo Stats Active Condos: 492 (504, 494, 486, 478) *520 Average Condo Listing Price: $262,345 ($235k, $224k, $232k, $225k) *$257k Average Condo Selling Price: $254,800 ($226k, $216k, $224k, $218k) *$247k Condo Sale to List Ratio This Week: 97% (96%, 97%, 96%, 97%) *96% Median Condo List Price: $255,500 ($218k, $210k, $232k, $200k) *225k Median Condo Sold Price: $237,500 ($205k, $204k, $220k, $188k) *226k Average Days on Market Condos: 84 (176, 85, 75, 42) *118 Active Vacant Lots: 1,074 (1,094, 1,043, 1,030, 1,023) *1,013 MARKET RANT Looks like we have hit the peak of the year, and have started our slow decline into the remainder of the year. Hello everyone, and thanks for stopping by the Halifax Real Estate Blog. Activity appears to have tapered off a bit this week with most many stats reporting below average. New listing additions are down, sales are down,and listing's that went conditional are also down. Really, the only thing that is up is the number of expired/cancelled listings (by a lot), and the absorption rate (which isn't a good thing). Values remain steady however, and they have remained so this year albeit with a few ups and downs. Hopefully this is just a speed bump week on the market, and the remaining Summer months end up getting back on track. Historically however, Summer tends to be one of the slowest times on the market, and it's starting to look like this year isn't any different. Stay tuned for the latest market updates, including the June monthly summary!  Could Madonna be a lucky star and get adopted? WEEKLY ADOPTABLE Madonna is looking for a family that can show her how to be a true dog! This gal has been lacking proper socialization, so she is hoping her new family can enrol her in obedience classes. She does get along with other dogs, but a proper introduction is recommended. Madonna is quite playful and would love to have an active family that can take her to all kinds of fun places. Energy release is key! If you're interested in making a new addition to your furry family, come meet Madonna today This "cuddly companion" is available through the Homeward Bound City Pound, a non profit rescue organization from Dartmouth, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  The ViewPoint Realty Interactive Property Map VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE |
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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