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Halifax (HRM) Residential Market Statistic Update for the Week of August 18th - August 25th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 228 (306, 316, 305, 294) *282 Sold: 153 (142, 148, 123, 156) *104 Sale To Listing Ratio: 67% (46%, 47%, 40%, 53%) *37% Price Changes: 215 (200, 259, 201, 247) *291 Listings that went conditional/pending: 148 (167, 164, 145, 179) *153 Expired/Cancelled/Withdrawn: 115 (154, 115, 284, 118) *129 Total Active Halifax/Dartmouth Inventory: 5,377 (5,4121, 5,421, 5,389, 5,519) *6,006 Absorption Rate in weeks: 38 (38, 38, 39, 39) *48 Single Family Home Stats Active Single Family Home: 3,531 (3,556, 3,570, 3,564, 3,637) *4,085 Average Single Family Home List Price: $315,699 ($278k, $275k, $305k, $335k) *$306k Average Single Family Home Selling Price: $301,928 ($265k, $262k, $319k) *$296k Single Family Home Sale to List Ratio This Week: 96% (95%, 95%, 96%, 95%) *97% Median Single Family Home List Price: $264,900 ($253k, $240k, $285k, $280k) *$265k Median Single Family Home Sold Price: $260,000 ($243k, $230k, $274k, $275k) *$263k Average Days on Market Single Family Home: 101 (102, 90, 98, 86) *104 Condo Stats Active Condos: 490 (502, 507, 493, 504, 495) *516 Average Condo Listing Price: $339,488 ($207k, $242k, $241k, $235k) *$234k Average Condo Selling Price: $329,988 ($199k, $234k, $232k, $227k) *$224k Condo Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) *96% Median Condo List Price: $259,950 ($184k, $210k, $227k, $229k) *228k Median Condo Sold Price: $250,500 ($180k, $205k, $222k, $225k) *219k Average Days on Market Condos: 96 (61, 65, 94, 86) *77 Active Vacant Lots: 1,087 (1,088, 1,072, 1,060, 1,096) *1,088 MARKET RANT Odd twist in the market this week as new listing additions drop below average, and single family home values return to the $300k range. New listings usually average in the high 200's around this time of year, but underlying influences have caused a bit of a slip. Because of solid Buyer activity (reporting 49 points above this time last year), the sales to list ratio this week takes the crown for the highest report so far this year. It's been an interesting Summer to say the least. The last few weeks of sales reports have raised a few eyebrows, with some folks curious about the sudden dip below the $300k mark for listing and sales reports. Values are closely watched, and even a couple of weeks of negative gain has a few market watchers a bit uneasy. As you all probably know, the market has an ebb and flow quality, and the last few weeks have demonstrated this point quite perfectly. I guess it might be a bit unnerving to watch the one stat that is usually the rock, the solid foundation that most other stats dance around while it remains true. Historically, values see a marginal gain year over year in Halifax, and I can't imagine that changing in the foreseeable future. Time will tell however, so stay tuned to stay on top of things here in Halifax! Thanks for stopping by!  Meet Knox WEEKLY ADOPTABLE Handsome Knox, is looking to find a new home with a family looking to spoil him. At around 6 years old Knox is a larger boy who would do best in a home with children 16 years of age or older. Obedience is optional for him as he does know some basic commands. Knox is a talker and would not do well in an apartment or condo. This "cuddly companion" is available through the Dartmouth SPCA, 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 August 11th - August 18th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 306 (316, 305, 294, 319) *282 Sold: 142 (148, 123, 156, 138) *104 Sale To Listing Ratio: 46% (47%, 40%, 53%, 43%) *37% Price Changes: 200 (259, 201, 247, 289) *291 Listings that went conditional/pending: 167 (164, 145, 179, 167) *153 Expired/Cancelled/Withdrawn: 154 (115, 284, 118, 119) *129 Total Active Halifax/Dartmouth Inventory: 5,411 (5,421, 5,389, 5,519, 5,528) *6,006 Absorption Rate in weeks: 38 (38, 39, 39, 39) *48 Single Family Home Stats Active Single Family Home: 3,556 (3,570, 3,564, 3,637, 3,670) *4,085 Average Single Family Home List Price: $277,718 ($275k, $305k, $335k, $320k) *$306k Average Single Family Home Selling Price: $264,996 ($262k, $319k, $291k) *$296k Single Family Home Sale to List Ratio This Week: 95% (95%, 96%, 95%, 96%) *97% Median Single Family Home List Price: $252,450 ($240k, $285k, $280k, $275k) *$265k Median Single Family Home Sold Price: $243,250 ($230k, $274k, $275k, $265k) *$263k Average Days on Market Single Family Home: 102 (90, 98, 86, 96) *104 Condo Stats Active Condos: 502 (507, 493, 504, 495, 483) *516 Average Condo Listing Price: $207,250 ($242k, $241k, $235k, $273k) *$234k Average Condo Selling Price: $198,888 ($234k, $232k, $227k, $264k) *$224k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%) *96% Median Condo List Price: $184,400 ($210k, $227k, $229k, $230k) *228k Median Condo Sold Price: $179,750 ($205k, $222k, $225k, $225k) *219k Average Days on Market Condos: 61 (65, 94, 86, 46) *77 Active Vacant Lots: 1,088 (1,072, 1,060, 1,096, 1,084) *1,088 MARKET RANT Lazy Summer days seem to be taking ahold of the market this week, which is a typical trend for this time of year. Of note, buyer activity, which is reporting higher than last year at this time, and sales are trending much higher week over week then last year at this time as well continuing the solid sales to list ratio report. Price changes are reporting fewer this week than last year, but I would think that the lower inventory and more competitive pricing has something to do with that. Absorption rate held fast this week, and sales values reported lower than normal again, begging the question of if we are in the middle of a pricing correction here in Halifax, or if there has simply been more movement in the first time homebuyers and lower priced products categories. Things may be tapering off for the Summer, and I would anticipate that to carry into the first couple of weeks of September, buy it appears that buyers are carrying the momentum forward. Anxious to see how the fall report will turn out, as this year has definitely taken a few steps forward on the road to recovery so far. Ultimately, time will tell the full impact of the annual report. Thanks for stopping by!  WEEKLY ADOPTABLE Oden is a high-energy amstaff that is searching for his new home! Oden is only approximately 10-months-old, and seems to be good with dogs, cats, and kids - he is jumpy and excitable so the parents would need to be okay with this. Oden has energy for DAYS and would love a very active home so he can develop into a strong, healthy adult. Oden doesn't have many manners yet, so obedience training is a MUST upon adoption. Oden also has some separation anxiety, so we're looking for a family that isn't gone for extended periods of time. If you are unable to be home for several hours a day, you will need to make sure he is comfortable at home and/or take the steps necessary to make him less reactive when left alone. If you're looking for a young pup to train and love, pop by and take Oden for a run today! This "cuddly companion" is available through 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 34 Lindenwood Terrace, Dartmouth NSDon't miss this rare opportunity to own this stunning, truly turn-key Executive 2-storey home situated in the highly desirable community of Russell Lake West. Pride of ownership beams throughout, and with every detail meticulously tended to, accented by over $45K in recent upgrades, there is nothing left to do other than move in and enjoy! Greeted by the welcoming foyer, you are quickly drawn to the finer details that enhance what this sizeable gem already has to offer. Gorgeous hardwood floors, soaring 9ft ceilings and upgraded trim package adorn the main level that boasts a bright and airy living room, elegant formal dining room, convenient powder room, and gourmet kitchen complete with granite countertops overlooking the open concept breakfast nook with direct access to the upper deck finishing with a spacious family room accented with a natural gas fireplace and oversized windows. The custom hardwood stairs take you to the second level where you will find four oversized bedrooms, easily accessible laundry, main bath and the generous sized master bedroom complete with walk-in closet, luxurious five piece ensuite bath with relaxing whirlpool tub, dual sinks and stand up shower. The lower walkout level completes the package with a huge recreation room, full bath, ample storage areas, extra bedroom, and functional multi-purpose room. Beat the Summer heat with air conditioning provided by your ductless heat-pumps, or bask in the rays on your massive two-level deck that overlooks the treed and fully fenced backyard. Short walking distance to recreation trails, groceries, pharmacies, shopping and amenities, plus a short commute to the city, this property has the whole package! Don’t let this one pass you by, call today for your personal tour and shortly you will be saying Welcome Home! 902.570.7653 or contact me for more details!
Halifax (HRM) Residential Market Statistic Update for the Week of August 4th - August 11th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 316 (305, 294, 319. 302) *357 Sold: 148 (123, 156, 138, 139) *143 Sale To Listing Ratio: 47% (40%, 53%, 43%, 46%) *40% Price Changes: 259 (201, 247, 289, 290) *288 Listings that went conditional/pending: 164 (145, 179, 167, 171) *162 Expired/Cancelled/Withdrawn: 115 (284, 118, 119, 105) *126 Total Active Halifax/Dartmouth Inventory: 5,421 (5,389, 5,519, 5,528, 5,494) *6,015 Absorption Rate in weeks: 38 (39, 39, 39, 37) *44 Single Family Home Stats Active Single Family Home: 3,570 (3,564, 3,637, 3,670, 3,665) *4,096 Average Single Family Home List Price: $275,047 ($305k, $335k, $320k, 292k) *$320k Average Single Family Home Selling Price: $261,899 ($319k, $291k, $282k) *$293k Single Family Home Sale to List Ratio This Week: 95% (96%, 95%, 96%, 97%) *92% Median Single Family Home List Price: $239,900 ($285k, $280k, $275k, $275k) *$288k Median Single Family Home Sold Price: $230,000 ($274k, $275k, $265k, $268k) *$269k Average Days on Market Single Family Home: 90 (98, 86, 96, 87) *122 Condo Stats Active Condos: 507 (493, 504, 495, 483, 492) *517 Average Condo Listing Price: $242,264 ($241k, $235k, $273k, $278k) *$246k Average Condo Selling Price: $234,270 ($232k, $227k, $264k, $270k) *$231k Condo Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *94% Median Condo List Price: $210,000 ($227k, $229k, $230k, $230k) *239k Median Condo Sold Price: $205,000 ($222k, $225k, $225k, $225k) *249k Average Days on Market Condos: 65 (94, 86, 46, 72) *89 Active Vacant Lots: 1,072 (1,060, 1,096, 1,084, 1,073) *1,091 MARKET RANT Although we are currently starting our decent into the lower inventory months of the year, this week proved there's still life in the "ol market" yet, so to speak. Quite the contrasting stories we have this week, where the season is saying "hey, it's Summertime... lets slow it down a bit", and Buyers are like "we actually have a different idea". Weekly new additions are still trending much lower than last year, and with sales reporting slightly healthier, there has been a decent adjustment to the time it would take to sell all off the inventory if no more properties were added (absorption rate). One of the oddities of the week is the much lower than average values for single family homes. I knew the entry level product was top dog for movement, but this week dominated, taking that sales value way down. I'm curious if the Summer encourages a different Buyer, in any case, there is still good activity out there. So there's some ups and downs, a few unexpected stats and a few reliable ones. The August market feels much the same as April market, just a bit warmer. Thanks for stopping by!
WEEKLY ADOPTABLE Finnigan is a docile and loving little Westie hoping to find a new home with his brother Declan. These boys grew up together since they were puppies and we just can't think to separate them! Finnigan is more relaxed of the two, but enjoys going for walks to explore. These senior boys get along well enough with other dogs, but aren't interested in making any new besties - they have each other! If you're interested in meeting Finnigan and Declan, come on by today! This "cuddly companion" is available through 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 28th - August 4th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 305 (294, 319. 302, 332) *340 Sold: 123 (156, 138, 139, 128) *121 Sale To Listing Ratio: 40% (53%, 43%, 46%, 37%) *36% Price Changes: 201 (247, 289, 290, 227) *302 Listings that went conditional/pending: 145 (179, 167, 171, 138) *117 Expired/Cancelled/Withdrawn: 284 (118, 119, 105, 306) *241 Total Active Halifax/Dartmouth Inventory: 5,389 (5,519, 5,528, 5,494, 5,470) *5,960 Absorption Rate in weeks: 39 (39, 39, 37, 35) *44 Single Family Home Stats Active Single Family Home: 3,564 (3,637, 3,670, 3,665, 3,633) *4,085 Average Single Family Home List Price: $305,308 ($335k, $320k, 292k, $298k) *$319k Average Single Family Home Selling Price: $294,211 ($319k, $291k, $282k, $287k) *$308k Single Family Home Sale to List Ratio This Week: 96% (95%, 96%, 97%, 96%) *96% Median Single Family Home List Price: $284,900 ($280k, $275k, $275k, $270k) *$264k Median Single Family Home Sold Price: $274,000 ($275k, $265k, $268k, $265k) *$258k Average Days on Market Single Family Home: 98 (86, 96, 87, 80) *100 Condo Stats Active Condos: 493 (504, 495, 483, 492, 504) *514 Average Condo Listing Price: $240,623 ($235k, $273k, $278k, $263k) *$271k Average Condo Selling Price: $232,261 ($227k, $264k, $270k, $255k) *$262k Condo Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *96% Median Condo List Price: $226,900 ($229k, $230k, $230k, $255k) *260k Median Condo Sold Price: $222,000 ($225k, $225k, $225k, $237k) *257k Average Days on Market Condos: 94 (86, 46, 72, 84) *74 Active Vacant Lots: 1,060 (1,096, 1,084, 1,073, 1,074) *1,067 MARKET RANT We all know that historically, Summer is one of the slower times of the year for the real estate market. The sun is shining, the temps are hot, and there's lots to do. Usually, this means the last thing most want to do is deal with showings on a regular basis, or beat the street looking for the next place to call home. That being said, priorities are the driving force for most when it comes to buying or selling, and sometimes, you don't really get the luxury to pick and choose when you buy or sell. Summer is a great time to do both! It's about the time when the Spring inventory packs it in, and those who don't "have to" sell retreat to rethink their strategy. It's also a time when that very same inventory starts to sharpen the pencil a bit in hopes that current buyers overlook the length they have been on market, enticed with a good price. For sellers, that means listing at this time of year might be advantageous for a couple of reasons. You're the new kid on the block, so that might be appealing to currently active buyers who have seen "everything" on the market, which might cause a bit of a buzz. The other thing is that inventory is on the decline around this time of year, so that means less competition! All good factors if you are thinking of Selling. In any case, most are welcoming the current market from both sides, and of course, all (most) are enjoying the amazing weather we've had this Summer so far. Stay tuned to keep your eye on the market, or contact me if you have more questions! Thanks for stopping by!  Gus arrived by bus, adopt him...you must! WEEKLY ADOPTABLE Gus has come to us all the way from Ontario! Him and his road trip friends are what we like to call Pocket Pittbulls. They are approximately 25-30lbs in weight and a just bundles of love! A home with adults only is best suited for this guy and obedience classes are mandatory to help him bond with his new family and set them off on the right foot. Gus would also like to be the only pet in the home as he every much enjoys all of the attention he can get and would prefer not to share. This "cuddly companion" is available through the the Nova Scotia SPCA, 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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