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Halifax (HRM) Residential Statistic Update for the Week of August 17th - August 24th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 298 (284, 287, 307, 305) *228 Sold: 151 (154, 140, 142, 167) *153 Sale To Listing Ratio: 51% (54%, 49%, 46%, 55%) *67% Price Changes: 189 (229, 196, 196, 197) *215 Listings that went conditional/pending: 149 (184, 151, 191, 194) *148 Expired/Cancelled/Withdrawn: 94 (131, 115, 290, 115) *115 Total Active Halifax/Dartmouth Inventory: 4,817 (4,778, 4,804, 4,805, 4,884) *5,377 Absorption Rate in weeks: 33 (32, 32, 30, 30) *38 Single Family Home Stats Active Single Family Home: 2,974 (2,956, 2,974, 2,968, 2,999) *3,531 Average Single Family Home List Price: $267,906 ($282k,$310k,$325k,$300k) *$316k Average Single Family Home Selling Price: $258,785 ($278k,$303k,$314k,$287k) *$302k Single Family Home Sale to List Ratio This Week: 97% (95%, 97%, 97%, 96%) *96% Median Single Family Home List Price (6 mo): $279,000 ($280k$280k,$280k,$279k)*$265k Median Single Family Home Sold Price (6 mo): $270,000 ($271k,$271k,$272k,$270k)*$260k Average Days on Market Single Family Home: 75 (82, 70, 81, 74) *101 Condo Stats Active Condos: 420 (423, 440, 451, 473) *490 Average Condo Listing Price: $258,618 ($266k, $276k, $279k, $237k) *$340k Average Condo Selling Price: $249,586 ($258k, $271k, $277k, $227k) *$330k Condo Sale to List Ratio This Week: 97% (97%, 98%, 97%, 96%) 97% Median Condo List Price (6 mo): $244,900 ($242k, $235k, $235k, $235k) *$260k Median Condo Sold Price (6 mo): $231,500 ($230k, $225k, $225k, $225k) *$251k Average Days on Market Condos: 101 (82, 82, 68, 66) *96 Active Vacant Lots: 1,196 (1,173, 1,158, 1,158, 1,176) *1,087 Market Rant The Summer has been good to us in 2017. Although Spring weather tended to be an extension of the Winter months, we have enjoyed some balmy temps and sunshine this Summer. Unlike the fluctuating seasons, the Halifax real estate market has remained hot all year! Much like the temps though, you can definitely feel the change in the market too. Lower overall activity and declining stats, the acceptance of the peak season ending has taken hold. Not for sellers though! New listings had a slow start to the year, but in a new trend, it seems that the end of the Summer season has brought out the listings! Buyer activity has dropped though, and even this week showed signs of the changing times with a posting of 149 properties that received and accepted offers. Down 35 in just one week. This could just be an anomaly though, The stats have been indicating their usual trend week over week, but then things change and reverse course. It has certainly been an interesting year so far, and there are those welcoming the balanced market, others that are frustrated by it, and those that still think we are in a Buyers market. With the rapidly changing landscape, its good to have a source to keep informed, so check into the blog to keep up to date! Thanks for stopping by!
Belle Needs a New Home!The Weekly Adogtable! Looking for your next hiking buddy? Belle is a high energy, rambunctious pup who lives to impress! A very intelligent (sometimes free-thinking!) girl, Belle responds well to firm commands and is always eager to please. She loves to be outdoors, and would give chase to anything and everything if she could, so she needs proper physical exercise and mental stimulation daily to keep her busy. She thrives best with an active and consistent routine, and would be most suited in a home with an experienced adopter who is willing to continue her obedience training so that she can be her best dog! Belle's ideal home environment would be: -Free of other animals -With children over the age of 12 -With an experienced adopter living/prepared for an active lifestyle -Proof of registration in obedience training is mandatory upon adoption This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 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 16 Hummingbird Lane, Hammonds PlainsWelcome home to the desirable Highland Park subdivision, and this storybook custom designed, two level Cape Cod style home. Beaming with character charm, this well maintained residence draws you in starting from the winding driveway, and envelops you in its mature treed and nicely landscaped private lot. The bright and airy foyer welcomes you into the first floor adorned with gleaming hardwood floors, where you will find an elegant formal dining room, spacious sitting room, and the open concept style kitchen, eat-in dining area with access to the large back deck, and living room looking over the sizeable backyard. Upstairs features a grand master bedroom complete with full ensuite and side by side walk-in closets, convenient laundry room, full bath, and two more generously sized bedrooms. Did I mention potential? The partially developed walkout basement is ready for your finishing touches to complete as you like, which would surely add living space and value! Recent improvements include rear deck enhancements, side and front deck replacement and new hardwood stairs leading upstairs. Sought after school district, short commute to the city, and all amenities and recreation are right around the corner! This is the one you have been waiting for, contact me for details or click 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 Statistic Update for the Week of August 10th - August 17th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 284 (287, 307, 305, 322) *306 Sold: 154 (140, 142, 167, 162) *142 Sale To Listing Ratio: 54% (49%, 46%, 55%, 50%) *46% Price Changes: 229 (196, 196, 197, 233) *200 Listings that went conditional/pending: 184 (151, 191, 194, 160) *167 Expired/Cancelled/Withdrawn: 131 (115, 290, 115, 119) *154 Total Active Halifax/Dartmouth Inventory: 4,778 (4,804, 4,805, 4,884, 4,894) *5,411 Absorption Rate in weeks: 32 (32, 30, 30, 30) *48 Single Family Home Stats Active Single Family Home: 2,956 (2,974, 2,968, 2,999, 3,010) *3,556 Average Single Family Home List Price: $291,771 ($310k, $325k,$300k,$324k) *$278k Average Single Family Home Selling Price: $277,883 ($303k,$314k,$287k,$314k) *$265k Single Family Home Sale to List Ratio This Week: 95% (97%, 97%, 96%, 97%) *95% Median Single Family Home List Price (6 mo): $279,900 ($280k,$280k,$279k,$279k)*$253k Median Single Family Home Sold Price (6 mo): $270,950 ($271k,$272k,$270k$279k)*$243k Average Days on Market Single Family Home: 82 (70, 81, 74, 68) *102 Condo Stats Active Condos: 423 (440, 451, 473, 479) *502 Average Condo Listing Price: $265,904 ($276k, $279k, $237k, $261k) *$207k Average Condo Selling Price: $258,194 ($271k, $277k, $227k, $257k) *$199k Condo Sale to List Ratio This Week: 97% (98%, 97%, 96%, 98%) 96% Median Condo List Price (6 mo): $242,400 ($235k, $235k, $235k, $235k) *$184k Median Condo Sold Price (6 mo): $230,000 ($225k, $225k, $225k, $225k) *$180k Average Days on Market Condos: 82 (82, 68, 66, 65) *61 Active Vacant Lots: 1,173 (1,158, 1,158, 1,176, 1,156) *1,088 Market Rant I wonder if we really are headed towards our normal "slower" market season? Sure, the inventory is reluctantly winding down, and sales might not be as aggressive as they reported in the peak of the year, but there really isn't much changing from week to week. New listings are averagely reporting around the 300 mark, and sales are reporting in the 150-160's week to week. This has made for a typical sales to list report around the 50% mark over the last few months, turning what has long been a "buyers market", into an apparent balanced market in a relatively short time. "A balanced market (also called a neutral market) is one in which the buyer and seller scales are equal. The number of buyers to sellers has normalized and reached an equilibrium; there are not any volatile market swings." Seems an accurate description of the current market environment out there, not including hot and cold zones. Time will tell which way the market will go. Will the balanced market trend continue, or will we switch over to a buyers or sellers market? One way to stay on top of it, checking in to the Halifax Real Estate Blog to stay up to date! Thanks for stopping by!  Just look at that smile!The Weekly Adogtable! This beautiful bluenose-pitty mix is looking for a new family to play fetch with. Audrey is a very bubbly girl and loves to meet new people - you can spot her bum wiggling from a mile away! She looks forward to hanging out on the couch, receiving belly rubs and sneaking in all the kisses she can get (if you let her). Her ideal home would be one of the following: -Free of other animals (she is very anxious around cats and other dogs; will politely say hello, but can be dominate) -Active, yet laid back when the time is right -Kids over the age of 8, as she can be quite pushy and grabby with her toys This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 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 Statistic Update for the Week of August 3rd - August 10th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 287 (307, 305, 322, 360) *316 Sold: 140 (142, 167, 162, 164) *148 Sale To Listing Ratio: 49% (46%, 55%, 50%, 46%) *47% Price Changes: 196 (196, 197, 233, 229) *259 Listings that went conditional/pending: 151 (191, 194, 160, 186) *164 Expired/Cancelled/Withdrawn: 115 (290, 115, 119, 114) *115 Total Active Halifax/Dartmouth Inventory: 4,804 (4,805, 4,884, 4,894, 4,868) *5,421 Absorption Rate in weeks: 32 (30, 30, 30, 27) *38 Single Family Home Stats Active Single Family Home: 2,974 (2,968, 2,999, 3,010, 2,998) *3,570 Average Single Family Home List Price: $310,152 ($325k,$300k,$324k,$310k) *$275k Average Single Family Home Selling Price: $301,631 ($314k,$287k,$314k,$302k) *$262k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 97%, 98%) *95% Median Single Family Home List Price (6 mo): $279,900 ($280k,$279k,$279k,$275k)*$240k Median Single Family Home Sold Price (6 mo): $271,000 ($272k,$270k$279k,$270k)*$230k Average Days on Market Single Family Home: 70 (81, 74, 68, 77) *98 Condo Stats Active Condos: 440 (451, 473, 479, 485) *507 Average Condo Listing Price: $276,174 ($279k, $237k, $261k, $270k) *$242k Average Condo Selling Price: $271,348 ($277k, $227k, $257k, $261k) *$234k Condo Sale to List Ratio This Week: 98% (97%, 96%, 98%, 97%) 97% Median Condo List Price (6 mo): $234,900 ($235k, $235k, $235k, $234k) *$210k Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $225k, $223k) *$205k Average Days on Market Condos: 82 (68, 66, 65, 114) *65 Active Vacant Lots: 1,158 (1,158, 1,176, 1,156, 1,156) *1,072 Market Rant Average report on the market this week. No real highs, and no real lows... just average, or similar stat showings as the previous few weeks. New listing additions reported a touch lower than usual, and this is the first week in awhile that there was less than 300 properties that hit the market in a single week. Sales are a touch down this week as well, in match with last week, which was also down roughly 20 units from the previous weeks on average. Buyer activity seems to be down as well this week, with a lower than usual (what we have been used to this year) 151 properties that received and accepted offers. This was a fairly sharp drop in activity since we were getting used to seeing close to 200 properties under contract each week during this year, but much like I mentioned last week, Summer usually signals the slow decline across the board for activity. So this is a normal, or trend event, and no need to panic! Still lots of activity out there, but you can feel it, the winds are changing. Could just be a bump in the road, or it could be the normal market trend, you will have to check in to the blog to find out! Thanks for stopping by!
Bolt is ready for a new home!The Weekly Adogtable! Bolt is a lovely little beagle/amstaff mix who is searching for a home to call his own. This spunky guy LOVES to play and gets along great with doggy-friends, although doesn't particularly like sharing his food with others. Given his high prey drive, a home without cats is recommended for this fella. Bolt is a very social boy who enjoys making new people friends, of any age. He working hard on his manners and could use some more training to ensure he keeps them up. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 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 Statistic Update for the Week of July 27th - August 3rd, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 307 (305, 322, 360, 302) *305 Sold: 142 (167, 162, 164, 146) *123 Sale To Listing Ratio: 46% (55%, 50%, 46%, 48%) *40% Price Changes: 196 (197, 233, 229, 189) *201 Listings that went conditional/pending: 191 (194, 160, 186, 176) *145 Expired/Cancelled/Withdrawn: 290 (115, 119, 114, 257) *284 Total Active Halifax/Dartmouth Inventory: 4,805 (4,884, 4,894, 4,868, 4,825) *5,389 Absorption Rate in weeks: 30 (30, 30, 27, 26) *39 Single Family Home Stats Active Single Family Home: 2,968 (2,999, 3,010, 2,998, 2,957) *3,564 Average Single Family Home List Price: $325,354 ($300k,$324k,$310k,$286k) *$305k Average Single Family Home Selling Price: $313,919 ($287k,$314k,$302k,$276k) *$294k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 98%, 97%) *96% Median Single Family Home List Price (6 mo): $279,900 ($279k,$279k,$275k,$275k)*$285k Median Single Family Home Sold Price (6 mo): $271,900 ($270k$279k,$270k,$270k)*$274k Average Days on Market Single Family Home: 81 (74, 68, 77, 85) *98 Condo Stats Active Condos: 451 (473, 479, 485, 476) *493 Average Condo Listing Price: $279,194 ($237k, $261k, $270k, $245k) *$241k Average Condo Selling Price: $269,736 ($227k, $257k, $261k, $232k) *$232k Condo Sale to List Ratio This Week: 97% (96%, 98%, 97%, 95%) 97% Median Condo List Price (6 mo): $234,900 ($235k, $235k, $234k, $230k) *$227k Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $223k, $220k) *$222k Average Days on Market Condos: 68 (66, 65, 114, 103) *94 Active Vacant Lots: 1,158 (1,176, 1,156, 1,156, 1,159) *1,060 Market Rant I dare say that the annual inventory decline has finally started. You never know though, things may change next week with such an unpredictable market! As mentioned, inventory is down this week, by a good amount too! Single family homes had a slight contribution to the reduction, but vacant land and condo's also contributed. It looks like inventory is down across the board, which isn't an unusual thing for this time of year, but this year has certainly prolonged the event. I feel like the market has been much like the winter was this year, active until way past its trend. I don't hear many complaints however, especially from Sellers, but seasons change and so too does the market. I was thinking with the tall ship festival in town that Kings Wharf would be sold out! But alas, only one of their units moved this week. It was a great festival though, and I'm certainly looking forward to the next one. What a great city we live in! Thanks for stopping by!  Meet Humphrey!The Weekly Adogtable! Humphrey is now ready to find his new home. A kind dog, Humphrey appears to like everything he meets but we would love for him to do it in a more polite way! His adoption requirements are as follows: - A home with or without other animals; would require to meet any dogs prior to adoption. - A home with children 12 or older. - Obedience training mandatory upon adoption - he needs to learn manners with playing, walking, greeting people. Humphrey has also showed mild food guarding which training and a home environment will likely eliminate the behavior. This "cuddly companion" is available through Homeward Bound City Pound, 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 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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