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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 226 (242, 242, 175, 240) *295 Sold: 148 (128, 142, 121, 170) *159 Sale To Listing Ratio: 66% (53%, 59%, 69%, 71%) *54% Price Changes: 76 (92, 88, 63, 94) *97 Listings that went conditional/pending: 154 (193, 175, 119, 175) *176 Expired/Cancelled/Withdrawn: 47 (37, 48, 66, 34) *43 Total Active Halifax/Dartmouth Inventory: 1,400 (1,401, 1,401, 1,388, 1,389) *1,307 Absorption Rate in weeks: 10 (10, 9, 9, 8) *8 Single Family Home Stats Active Single Family Home: 677 (677, 683, 691, 673) *664 Average Single Family Home List Price: $605,022 ($641k,$639k,$568k,$598k) *$547k Average Single Family Home Selling Price: $603,264 ($653k,$642k,$570k,$604k) *$556k Single Family Home Sale to List Ratio This Week: 99% (102%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo):$535,450 ($530k,$530k,$530k,$530k) *$460k Median Single Family Home Sold Price(6 mo):$544,200 ($541k,$540k,$539k,$536k)*$541k Average Days on Market Single Family Home: 27 (30, 26, 20, 25) *15 Condo Stats Active Condos: 113 (113, 108, 103, 115) *113 Average Condo Listing Price: $414,071 ($441k, $538k, $348k, $534k) *$403k Average Condo Selling Price: $423,328 ($441k, $538k, $370k, $541k) *$398k Condo Sale to List Ratio This Week: 102% (101%, 99%, 106%, 101%) *99% Median Condo List Price (6 mo): $419,900 ($425k, $425k, $425k, $430k) *$387k Median Condo Sold Price (6 mo): $422,000 ($424k, $425k, $422k, $428k) *$441k Average Days on Market Condos: 29 (31, 47, 17, 19) *19 Active Vacant Lots: 434 (434, 435, 426, 424) *349 Market Rant Just when we thought 2023 couldn't be more surprising, we are hammered with record breaking rainfall amounts, adding further devastation to the already trying year for many Haligonians. The ink on fire insurance claims isn't even dry yet, and a new wave of unfortunate home owners that have to deal with the recent flooding will be on the way. Hopefully, if there was anything positive that came out of the fires, homeowners (current and soon to be) started asking questions to their insurance companies regarding their policy, coverage and protocol to deal with such an event. Of course, no one could have anticipated such a different disaster, but the answers should be relatively the same. If you have questions regarding property insurance and what questions to ask, ViewPoint Realty has an in-house insurance team that would be more than happy to discuss. Click HERE to get more info. Market activity wasn't actually all that bad for having an early week monsoon, so it's no surprise that most statistics reported a bit lower than usual. Summer presses on, and so too does the market here in Halifax. Should be an interesting time to keep an eye out, as we stand at the edge of a changing market, or is it? Time will tell, and I have you covered, so stay tuned to the blog to stay on top of our ever changing market! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, 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 and floods, 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: 242 (242, 175, 240, 281) *295 Sold: 128 (142, 121, 170, 182) *159 Sale To Listing Ratio: 53% (59%, 69%, 71%, 65%) *54% Price Changes: 92 (88, 63, 94, 96) *97 Listings that went conditional/pending: 193 (175, 119, 175, 199) *176 Expired/Cancelled/Withdrawn: 37 (48, 66, 34, 47) *43 Total Active Halifax/Dartmouth Inventory: 1,401 (1,401, 1,388, 1,389, 1,370) *1,307 Absorption Rate in weeks: 10 (9, 9, 8, 8) *8 Single Family Home Stats Active Single Family Home: 683 (683, 691, 673, 665) *664 Average Single Family Home List Price: $641,397 ($639k,$568k,$598k,$564k) *$547k Average Single Family Home Selling Price: $653,251 ($642k,$570k,$604k,$580k) *$556k Single Family Home Sale to List Ratio This Week: 102% (101%, 101%, 101%, 103%) *102% Median Single Family Home List Price (6 mo):$529,900 ($530k,$530k,$530k,$525k) *$460k Median Single Family Home Sold Price(6 mo):$540,750 ($540k,$539k,$536k,$525k)*$541k Average Days on Market Single Family Home: 30 (26, 20, 25, 17) *15 Condo Stats Active Condos: 108 (108, 103, 115, 115) *113 Average Condo Listing Price: $440,656 ($538k, $348k, $534k, $492k) *$403k Average Condo Selling Price: $441,114 ($538k, $370k, $541k, $494k) *$398k Condo Sale to List Ratio This Week: 101% (99%, 106%, 101%, 101%) *99% Median Condo List Price (6 mo): $424,900 ($425k, $425k, $430k, $430k) *$387k Median Condo Sold Price (6 mo): $423,500 ($425k, $422k, $428k, $425k) *$441k Average Days on Market Condos: 31 (47, 17, 19, 21) *19 Active Vacant Lots: 437 (434, 426, 424, 424) *349 Market Rant Well this is a first. After over a decade of reporting on the statistics here in Halifax, both tracked products and the overall inventory didn't change! I'm sure it was up and down over the week, but at the time of reporting, it is exactly equal to last week. Of course, we couldn't get a strike though, vacant land gained 3 points this week... Buyer activity remained strong this week, thanks to a few more options under $500k, which has lead to an enticement back to the market for some. Anything under $500k has been well received on the market, and this price point seeing the most action these days. The mixed message market has been a little confusing to navigate for some. Is it up? are things going down? Well yes... and no... and no,... and yes! As mentioned, certain price points are seeing action, and quite a lot of it! The price point below $500k is still hot, and if you go south of $500k, then the listing is likely to be more active than ticketmaster with those elusive Pens/Sens tickets! Well, maybe not that busy! Still, local buyers and buyers with the 350-450k budget have been encouraged to come back to the market with the idea that listing prices will not skyrocket like they did during the pandemic market. Although we are not seeing the overbid amounts that we have in the past couple of years. the unfortunate news to this price bracket is that there is still a good pool of buyers in this range, which is making this particular bracket highly competitive. The hope for buyer is that things will continue to cool, and more options will hit the market. Only time will tell and I have you covered, so be sure to stay tuned to the blog and stay informed! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, 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: 242 (175, 240, 281, 282) *351 Sold: 142 (121, 170, 182, 167) *156 Sale To Listing Ratio: 59% (69%, 71%, 65%, 59%) *44% Price Changes: 88 (63, 94, 96, 96)*105 Listings that went conditional/pending: 175 (119, 175, 199, 189) *205 Expired/Cancelled/Withdrawn: 48 (66, 34, 47, 44) *46 Total Active Halifax/Dartmouth Inventory: 1,401 (1,388, 1,389, 1,370, 1,361) *1,284 Absorption Rate in weeks: 9 (9, 8, 8, 8) *8 Single Family Home Stats Active Single Family Home: 683 (691, 673, 665, 674) *647 Average Single Family Home List Price: $639,439 ($568k,$598k,$564k,$598k) *$508k Average Single Family Home Selling Price: $641,585 ($570k,$604k,$580k,$609k) *$522k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 103%, 102%) *103% Median Single Family Home List Price (6 mo):$529,900 ($530k,$530k,$525k,$525k) *$453k Median Single Family Home Sold Price(6 mo):$540,000 ($539k,$536k,$525k,$530k)*$545k Average Days on Market Single Family Home: 26 (20, 25, 17, 24) *14 Condo Stats Active Condos: 108 (103, 115, 115, 110) *110 Average Condo Listing Price: $538,410 ($348k, $534k, $492k, $561k) *$384k Average Condo Selling Price: $537,842 ($370k, $541k, $494k, $564k) *$400k Condo Sale to List Ratio This Week: 99% (106%, 101%, 101%, 101%) *104% Median Condo List Price (6 mo): $425,000 ($425k, $430k, $430k, $430k) *$385k Median Condo Sold Price (6 mo): $425,000 ($422k, $428k, $425k, $425k) *$440k Average Days on Market Condos: 47 (17, 19, 21, 30) *20 Active Vacant Lots: 434 (426, 424, 424, 424) *349 Market Rant The big news of the week, of course, is the Bank of Canada announcement that the lending rate increased to 5% - the highest it has been in 22 years. There was talks of a pause in the hikes once the initial drip campaign of hikes ended at 4.5%, but that "pause ended Wednesday to the disappointment of many. So what impact will this have on homeowners and buyers? The anticipation is that we may see a similar market as we did last year when the initial announcements and implementations took hold during the usually slow time of the year, causing a super cooling of the market. The thought was that the battle on inflation may have an end in sight, but everything started to ramp up again late last year after the market somewhat stabilized, likely encouraging the further rate hikes. That is the thought anyways. Unfortunately, with out an injection of inventory to curb the demand, especially in the first time home buyer price bracket, buyers will likely continue to adjust budgets to accommodate, or give up on the market all together. Sellers may find themselves up against it soon as well, with waining buyer interest and other products coming to market to create a more competitive environment. Could be borrowed time for the Sellers market, but we were surprised last year when things turned around again. I personally think these current actions and trends have bite this time however, which could make the 2024 market year have a much different look. Only time will tell, and I have you covered, so be sure to check in and stay informed! Thanks for stopping by! More on the interest rate hike HERE The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, 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: 175 (240, 281, 282, 299) *254 Sold: 121 (170, 182, 167, 157) *146 Sale To Listing Ratio: 69% (71%, 65%, 59%, 53%) *57% Price Changes: 63 (94, 96, 96, 76)*92 Listings that went conditional/pending: 119 (175, 199, 189, 200) *161 Expired/Cancelled/Withdrawn: 66 (34, 47, 44, 58) *94 Total Active Halifax/Dartmouth Inventory: 1,388 (1,389, 1,370, 1,361, 1,361) *1,198 Absorption Rate in weeks: 9 (8, 8, 8, 6) *7 Single Family Home Stats Active Single Family Home: 691 (673, 665, 674, 701) *604 Average Single Family Home List Price: $568,408 ($598k,$564k,$598k,$589k) *$507k Average Single Family Home Selling Price: $570,269 ($604k,$580k,$609k,$602k) *$532k Single Family Home Sale to List Ratio This Week: 101% (101%, 103%, 102%, 102%) *105% Median Single Family Home List Price (6 mo):$529,900 ($530k,$525k,$525k,$519k) *$450k Median Single Family Home Sold Price(6 mo):$539,200 ($536k,$525k,$530k,$525k)*$546k Average Days on Market Single Family Home: 20 (25, 17, 24, 31) *12 Condo Stats Active Condos: 103 (115, 115, 110, 101) *103 Average Condo Listing Price: $348,338 ($534k, $492k, $561k, $525k) *$355k Average Condo Selling Price: $369,492 ($541k, $494k, $564k, $528k) *$365k Condo Sale to List Ratio This Week: 106% (101%, 101%, 101%, 101%) *103% Median Condo List Price (6 mo): $424,900 ($430k, $430k, $430k, $400k) *$386k Median Condo Sold Price (6 mo): $422,000 ($428k, $425k, $425k, $410k) *$441k Average Days on Market Condos: 17 (19, 21, 30, 26) *9 Active Vacant Lots: 426 (424, 424, 424, 419) *317 Market Rant The inventory gap from last year to now continues to close, which I would bet is not welcome news for current buyers our there. The anticipation after the correction was that there would be more and more options as time pressed on, but with an incredible first half of the year, the impact carries into what should be the slower months of the year. Not a ton of new inventory popped to market this week and buyer activity report rather low as well, which is not all that surprising given the Canada Day long weekend. Most folks will take that weekend to get out and enjoy the activities, or simply relax and take a break, which includes both buyers and sellers out there. Still, there seems to be a rather relaxed atmosphere out there currently, even before the holiday weekend, perhaps a back off while people monitor the interest rate situation, or perhaps interest overall has wained for now. The market right now is ebb and flow, and week to week, so stay tuned to the blog to stay informed and on top of the changing market! Thanks for stopping by! The Weekly "Adogtable" I'm Macho. I am a wee chihuahua mix boy weighing in at only 5.5lbs. I am 3 yrs old and I was surrendered to the rescue because I was just too much energy for my senior owner. I am now ready to start the search for my forever home. I LOVE other dogs of all sizes. I think I'd prefer a fur sibling in my forever home so I can have socialization + gain more confidence + I just love them so much!! I do have some separation anxiety and feel that a canine sibling could help me overcome this also. I love all women, men...not so much. When my foster Dad talks in a low, calm voice, we're usually OK but any sudden movements or louder tone and I will still react to him even though I've been here a couple weeks now. For this reason younger children probably aren't ideal either since they tend to be fast moving. I also mouth when playing, so again, probably not best for young ones. This is a work in progress. I have no leash reactivity to animals or people and enjoy walking. I can easily do hour long walks. I am a medium energy fella...I love to play and do have some puppy energy spurts but I also can sleep on the couch for hours. I don't mind baths at all. I don't really enjoy getting my nails clipped but I tough it out like a real champ. I am crate trained but I'm not destructive when left alone so don't really need one, except for maybe in a vehicle as I don't really enjoy car rides...they make me very nervous. I am house trained as long as I am kept on a good schedule. No poo accidents inside at all and as long as I am taken out every three hours I don’t pee inside. I am an expert cuddler & love to sleep in bed under the blankets with you. I enjoy toys and balls. I was tested with a cat: I was interested but just wanted to be friends. I would probably be fine in a house with a cat that was used to dogs. To sum me up, I'm a wee lad who loves the ladies. With patience, I could eventually get to love and trust a dad but that could take awhile. I do like children but sudden movements from them do put me on edge so for now it's probably best to just avoid living with any. I do get very attached to my people so it's unlikely I'd be a flight risk but it's always better to be safe and keep me leashed. I'd love, love, love at least one doggy sibling in my new forever home. If I sound like the ideal family member for you, please let my rescuers know that you want to take me home. 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 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 |
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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