Halifax (HRM) Residential Market Statistic Update For Week of  August 13th - August 20th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 282 (357, 340, 335, 360) *411
Sold: 104 (143, 121, 136, 165) *134
Sale To Listing Ratio: 37% (40%, 36%, 41%, 46%) *33%
Price Changes: 291 (288, 254, 302, 310) 
Listings that went conditional/pending:  153 (162, 117, 180, 164)  *132
Expired/Cancelled/Withdrawn:  129 (126, 241, 117, 137) *128
Total Active Halifax/Dartmouth Inventory:  6,006 (6,015, 5,960, 5,991, 5,962) *5,783
Absorption Rate in weeks:  48 (44, 44, 43, 41) *46

Single Family Home Stats
Active Single Family Home: 4,085 (4,096, 4,085, 4,092, 4,097) *3,900
Average Single Family Home List Price:  $305,893  ($320k, $319k, $304k, $289k) *$297k
Average Single Family Home Selling Price:   $295,595 ($293k, $308k, $281k, $277k)  *$286k
Single Family Home Sale to List Ratio This Week: 97% (92%, 96%, 92%, 96%) *97%
Median Single Family Home List Price: $265,000 ($288k, $264k, $290k, $271k)
Median Single Family Home Sold Price: $262,900 ($269k, $258k, $277k, $262k)
Average Days on Market Single Family Home: 104 (122, 100, 113, 76) *114

Condo Stats
Active Condos:  516 (517, 514, 522, 522) *545
Average Condo Listing Price:  $234,050 ($246k, $271k, $263k, $242k) *$256k
Average Condo Selling Price: $224,475 ($231k, $262k, $239k, $237k) *$248k
Condo Sale to List Ratio This Week: 96% (94%, 96%, 96%, 98%) *97%
Median Condo List Price: $227,450 ($239k, $260k, $239k, $226k)
Median Condo Sold Price: $218,500 ($249k, $257k, $230k, $220k)
Average Days on Market Condos:  77 (89, 74, 68, 79) *137

Active Vacant Lots: 1,089 (1,091, 1,067, 1,070, 1,040) *968

MARKET RANT

Looks like last week was the "last hoorah" of the peak market season. Levels of inventory across the board are down, and new listings are actually a little leaner than what has been reported all year. Sales are still sluggish however, and not only did we make a fairly large point jump in the absorption rate, the sales to list ratio took a hit as well. Still, values remain intact and activity remains positive, but that positivity cannot cloud the record breaking inventory heights, nor cover up the lacklustre sales that hinder the market here in Halifax. There was more price changes this week than new listings, and twenty five more listings that either expired, cancelled, or withdrew their listing than sold. Still, activity is still prevalent, and with the inventory on the downward trend, I guess you could say there is less competition. Thanks for stopping by!

THE WEEKLY ADOGTABLE

Name: Chico
Age: 16
Breed: Chihuahua mix

Chico is a 16 year old Chi mix searching for a new, quiet home to spend the rest of his days. He's a cute little guy, with lots of charisma! He loves to go for his walks, and treats are his absolute favourite. 
We are asking for a home with no young children as he is an older, fragile boy. He would make a great companion for another little dog, and would be fine with kitties too.

This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 property 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.

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 Week of  August 6th - August 13th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 357 (340, 335, 360, 374) *474
Sold: 143 (121, 136, 165, 120) *108
Sale To Listing Ratio: 40% (36%, 41%, 46%, 32%) *23%
Price Changes: 288 (254, 302, 310, 281) 
Listings that went conditional/pending:  162 (117, 180, 164, 139, 163)  *143
Expired/Cancelled/Withdrawn:  126 (241, 117, 137, 111) *131
Total Active Halifax/Dartmouth Inventory:  6,015 (5,960, 5,991, 5,962, 5,893) *5,811
Absorption Rate in weeks:  44 (44, 43, 41, 41) *46

Single Family Home Stats
Active Single Family Home: 4,096 (4,085, 4,092, 4,097, 4,026) *3,927
Average Single Family Home List Price:  $319,557  ($319k, $304k, $289k, $284k) *$285k
Average Single Family Home Selling Price:   $293,347 ($308k, $281k, $277k, $275k)  *$272k
Single Family Home Sale to List Ratio This Week: 92% (96%, 92%, 96%, 97%) *95%
Median Single Family Home List Price: $287,450 ($264k, $290k, $271k, $272k)
Median Single Family Home Sold Price: $269,250 ($258k, $277k, $262k, $262k)
Average Days on Market Single Family Home: 122 (100, 113, 76, 68) *94

Condo Stats
Active Condos:  517 (514, 522, 522, 526) *548
Average Condo Listing Price:  $246,009 ($271k, $263k, $242k, $258k) *$244k
Average Condo Selling Price: $231,434 ($262k, $239k, $237k, $250k) *$237k
Condo Sale to List Ratio This Week: 94% (96%, 96%, 98%, 97%) *97%
Median Condo List Price: $238,700 ($260k, $239k, $226k, $230k)
Median Condo Sold Price: $248,750 ($257k, $230k, $220k, $224k)
Average Days on Market Condos:  89 (74, 68, 79, 96) *114

Active Vacant Lots: 1,091 (1,067, 1,070, 1,040, 1,035) *962

MARKET RANT

There's still gas in the tank! Just as it looked like we had seen the peak of the market year, a good number of the stats had a solid week with solid performance. What we have come to expect each week with the amount of new listing additions has had a surprising change, it's much less. Although we are seeing less of these additions in comparison to the last few years, the overall bulk still remains at record heights, and for this week, there is no change in that. In fact, we have actually hit a record height again this week. Still, the amount of sales that have been occurring in the last few months coupled with the lower amount of new listing additions will surely have an impact sooner or later, if the trend maintains anyway. It looks as if this may be the case, for a few more weeks anyways, as there has been a good number of accepted offers loaded into the breech for the coming weeks. Sale values remain steady despite a larger than normal spread between listing and sales prices, which may have been the reason for the longer than average days on market count. Basically, the average home may have had to wait longer, and reduced their price more than average to get this sort of event results. Typical market reaction of overpriced products.

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 property 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.

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 Week of May July 30th - August 6th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 340 (335, 360, 374) *497
Sold: 121 (136, 165, 120, 138) *106
Sale To Listing Ratio: 36% (41%, 46%, 32%, 30%) *21%
Price Changes: 254 (302, 310, 281, 326) 
Listings that went conditional/pending:  117 (180, 164, 139, 163, 162)  *124
Expired/Cancelled/Withdrawn:  241 (117, 137, 111, 126) *223
Total Active Halifax/Dartmouth Inventory:  5,960 (5,991, 5,962, 5,893, 5,800) *5,763
Absorption Rate in weeks:  44 (43, 41, 41, 37) *41

Single Family Home Stats
Active Single Family Home: 4,085 (4,092, 4,097, 4,026, 3,971) *3,892
Average Single Family Home List Price:  $319,245  ($304k, $289k, $284k, $287k) *$316k
Average Single Family Home Selling Price:   $307,769 ($281k, $277k, $275k, $279k)  *$304k
Single Family Home Sale to List Ratio This Week: 96% (92%, 96%, 97%, 97%) *96%
Median Single Family Home List Price: $263,900 ($290k, $271k, $272k, $270k)
Median Single Family Home Sold Price: $257,800 ($277k, $262k, $262k, $270k)
Average Days on Market Single Family Home: 100 (113, 76, 68, 72) *93

Condo Stats
Active Condos:  514 (522, 522, 526, 520) *543
Average Condo Listing Price:  $271,390($263k, $242k, $258k, $257k) *$247k
Average Condo Selling Price: $261,490 ($239k, $237k, $250k, $247k) *$241k
Condo Sale to List Ratio This Week: 96% (96%, 98%, 97%, 96%) *97%
Median Condo List Price: $259,900 ($239k, $226k, $230k, $225k)
Median Condo Sold Price: $257,000 ($230k, $220k, $224k, $226k)
Average Days on Market Condos:  74 (68, 79, 96, 118) *71

Active Vacant Lots: 1,067 (1,070, 1,040, 1,035, 1,013) *962

MARKET RANT
Have we reached the peak of the year? Looks like annual trend has begun to take hold as we start our soft decent into the fall market. Most activity is down this week with lower than average inventory gains, the return of less sales and less accepted offers, and overall inventory for both tracked products are on the way down. Not surprising however, is the solid sales values. It seems regardless of what is thrown our way, we tend to hold ground on just how much properties are going for. There is some wisdom in that theory I think, because really, there is going to be a point that just doesn't make sense for a seller to offload the property. Motivation does play a roll, but there is a line that is drawn in the sand during negotiations, and sellers aren't prepared to simply "give their property away" to relieve the burden. Like I have discussed in the past, there are other options that meet seller who see no luck selling (this week was 254 alone), and look to other means. One of the great features of my brokerage (amongst many), is a new service and search display of rentals in HRM. Not only is the option to rent select your property and list it for rent on the site, there is access to properties that are offering the same opening up a whole new area to explore. Maybe the next tab that we should explore is a "lease to own" tab. Something that some sellers have also considered in our current market. Thanks for stopping by! 

THE WEEKLY ADOGTABLE

BONNIE & CLYDE 
(right & left)

These two spunky beagles are looking for a new home, together! Bonnie & Clyde are TONS of fun; they love to run around, snuggle and play. They're great with kids and other dogs but since they are a prey-driven breed we are recommending no kitties. 
Come on by and see these two love-bugs today!

This "dynamic duo" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about them, 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 property 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.

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