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Halifax (HRM) Residential Statistic Update for the Week of August 22nd - 29th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 245 (286, 273, 270, 302) *294 Sold: 158 (209, 154, 198, 205) *147 Sale To Listing Ratio: 65% (73%, 56%, 73%, 68%) *50% Price Changes: 115 (168, 123, 167, 205) *158 Listings that went conditional/pending: 194 (198, 198, 204, 220) *179 Expired/Cancelled: 67 (89, 128, 134, 94) *142 Total Active Halifax/Dartmouth Inventory: 3,194 (3,216, 3,257, 3,263, 3,323) +4,194 Absorption Rate in weeks: 18 (17, 18, 17, 17) *26 Single Family Home Stats Active Single Family Home: 1,775 (1,816, 1,852, 1,858, 1,888) *2,392 Average Single Family Home List Price: $327,214 ($332k,$362k,$338k,$355k) *$318k Average Single Family Home Selling Price: $320,540 ($324k,$354k,$328k,$345k) *$308k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $304,900 ($305k,$304k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$300,000($302k,$300k,$290k,$290k)*$281k Average Days on Market Single Family Home: 53 (58, 55, 51, 51) *69 Condo Stats Active Condos: 203 (196, 210, 213, 213) *357 Average Condo Listing Price: $280,027 ($287k, $249k, $250k, $267k) *$287k Average Condo Selling Price: $275,566 ($278k, $243k, $244k, $260k) *$282k Condo Sale to List Ratio This Week: 98% (97%, 98%, 97%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $242,750 ($240k, $240k, $241k, $241k) *$221k Average Days on Market Condos: 114 (60, 50, 38, 38)*118 Active Vacant Lots: 946 (937, 939, 937, 947) *1,084 Market Rant Although is was a sleepy week for sales and new listings, back to school supplies weren't the only thing being shopped for as almost 200 properties received and accepted offers. Not a lot of expired or cancelled listing this week either, which is likely because listing contracts are usually set to expire at the very end/beginning of the month. I anticipate that to change next week when we see a good chunk of inventory retreat from the market as school ramps up and some sellers focus changes. Still a good market for sellers in most areas of the HRM though, so we might see what little inventory is left wait it out. Values overall are holding steady, and the only real change this week is that the six month median sale prices on single family homes dipped slightly. The absorption rate gained a week, but I have a feeling that's a temporary thing. There should be another sale push mid September once things cool off a bit, then it's the slow taper to minimum activity months of the Fall. You never know though, this year has been anything but predictable, so stay tuned to the blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable!! Are you looking for a sweet older gal with a zest for life? Diva is the ideal walking buddy and couch companion. She'll happily hit up the walking trails and explore all of your favourite outdoor spots (and maybe even help you discover some new ones)! Slowing down isn't on her to-do list, as Diva has lots of energy to spare. She'll keep you on your toes and challenge you to keep up with a goofy grin on her face! Diva would be best suited to a home: -Without other animals (this diva has a bit of an attitude and lacks her doggy manners) -With children over 10 This "cuddly companion" is available through Homeward Bound City Pound Rescue, a non profit rescue organization from Halifax, 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. 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 Halifax (HRM) Residential Statistic Update for the Week of August 15h - 22nd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 286 (273, 270, 302, 322) *294 Sold: 209 (154, 198, 205, 181) *147 Sale To Listing Ratio: 73% (56%, 73%, 68%, 56%) *50% Price Changes: 168 (123, 167, 205, 190) *158 Listings that went conditional/pending: 198 (198, 204, 220, 217) *179 Expired/Cancelled: 89 (128, 134, 94, 100) *142 Total Active Halifax/Dartmouth Inventory: 3,216 (3,257, 3,263, 3,323, 3,357) +4,194 Absorption Rate in weeks: 17 (18, 17, 17, 17) *26 Single Family Home Stats Active Single Family Home: 1,816 (1,852, 1,858, 1,888, 1,903) *2,392 Average Single Family Home List Price: $331,944 ($362k,$338k,$355k, $326k) *$318k Average Single Family Home Selling Price: $323,740 ($354k,$328k,$345k,$317k) *$308k Single Family Home Sale to List Ratio This Week: 98% (98%, 97%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $305,000 ($304k,$300k,$300k,$299k)*$289k Median Single Family Home Sold Price (6 mo):$302,000($300k,$290k,$290k,$290k)*$281k Average Days on Market Single Family Home: 58 (55, 51, 51, 37) *69 Condo Stats Active Condos: 196 (210, 213, 213, 223) *357 Average Condo Listing Price: $286,822 ($249k, $250k, $267k, $243k) *$287k Average Condo Selling Price: $277,616 ($243k, $244k, $260k, $241k) *$282k Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 99.5%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $240,000 ($240k, $241k, $241k, $240k) *$221k Average Days on Market Condos: 60 (50, 38, 38, 31)*118 Active Vacant Lots: 937 (939, 937, 947, 953) *1,084 Market Rant Seems the Summer market has no plans on slowing down anytime soon! After a sleepy few weeks of market activity, things around here have certainly got interesting this month. As previously mentioned, Summer tends to slow down a bit and ignite the beginning of the annual reduction trend. Where we are seeing some of that trend in motion, there are variables that have caused a few raised eyebrows. For instance, sales (again) are significantly higher than last year at this time, and fell back in line with the previous weeks of reporting, and all this with a significantly lower inventory. Buyer activity is still solid as well, with a higher report than last year at this time, and eclipsing the absorption rate stats of last year. Overall, the market is just in a better place than last year, and last year was a good year (for Sellers). There has been a few communities easing up on elusive entry, but the main hub (Peninsular Halifax and select areas of Bedford and Dartmouth) are still quite hot. Not really a surprise, but there seems to be a few more vacation, recreational properties, and anything fronting a body of water as well. I call this the "summertime effect", which is basically the thought that people want to relax on vacation and cool off when sun is shining, for the Summer, or maybe even year round. Hopefully, you are having a nice Summer as well, and I thank you for stopping by! Stay tuned to the blog to keep up with all things real estate, and don't hesitate to reach out if you have a question, or need help buying or selling a property! The Weekly Adogtable!! Sweet Keana was surrendered as her family had no more time for her. She is very gentle and affectionate with those she knows won't hurt her, and is shy around strangers and loud noises, although she adapts quite quickly. Keana is fearful of other dogs as she was attacked in the past. Sweet Keana is not vocal and is great in the house. Her family will need to be sensitive to her delicate nature to help her overcome her insecurities. Keana has never tried to snap or growl at anyone, but gives lots of calming signals when uncertain. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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. 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 Halifax (HRM) Residential Statistic Update for the Week of August 1st - August 8th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 273 (270, 302, 322, 333) *241 Sold: 154 (198, 205, 181, 197) *167 Sale To Listing Ratio: 56% (73%, 68%, 56%, 60%) *69% Price Changes: 123 (167, 205, 190, 161) *165 Listings that went conditional/pending: 198 (204, 220, 217, 242) *130 Expired/Cancelled: 128 (134, 94, 100, 103) *68 Total Active Halifax/Dartmouth Inventory: 3,257 (3,263, 3,323, 3,357, 3,341) +4,213 Absorption Rate in weeks: 18 (17, 17, 17, 16) *25 Single Family Home Stats Active Single Family Home: 1,852 (1,858, 1,888, 1,903, 1,883) *2,420 Average Single Family Home List Price: $362,333 ($338k,$355k, $326k,$321k) *$301k Average Single Family Home Selling Price: $354,106 ($328k,$345k,$317k,$316k) *$292k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 98%, 99%) *97% Median Single Family Home List Price (6 mo): $304,000 ($300k,$300k,$299k,$300k)*$287k Median Single Family Home Sold Price (6 mo):$300,000 ($290k,$290k,$290k,$298k)*$280k Average Days on Market Single Family Home: 55 (51, 51, 37, 51) *66 Condo Stats Active Condos: 210 (213, 213, 223, 225) *377 Average Condo Listing Price: $248,608 ($250k, $267k, $243k, $279k) *$247k Average Condo Selling Price: $242,610 ($244k, $260k, $241k, $271k) *$243k Condo Sale to List Ratio This Week: 98% (97%, 97%, 99.5%, 97%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $239,900 ($241k, $241k, $240k, $221k) *$223k Average Days on Market Condos: 50 (38, 38, 31, 79)*56 Active Vacant Lots: 939 (937, 947, 953, 949) *1,071 Market Rant If there was any question about the current market in Halifax breaking trend and keeping the surge going, have no fear, the stats are following the usual path with slight variations. Sales took a bit of a hit this week, but long weekends tend to adversely affect the numbers, so I don't think that should be a cause for concern. Although the sales were a bit lacking, buyers were still out in full force with a solid 198 accepted offer showing. Some long weekends actually assist with sales since there's that extra day to go through a few more properties. Single family home values hit a precedent this week, and reported over $300k in not only the 6 month median list price, but the 6 month median sold price for the first time since tracking this stat. The 6 month median list price has been hovering around the $300k mark for the last month or so, but has failed to completely break the ceiling, until this week that is. There was a significant jump to both those stats a few months ago, adding an unusual 5k to the top in the span of a couple of weeks. It appears this week has the same result, just with less time. We all knew that the Spring time had a major impact on the market here, now the affects seem to be coming home to roost. It will be interesting to see just how much the market past will influence the market future, and the numbers as we head down the stretch. Make sure to stop by and stay on top of things. Thanks for stopping by! The Weekly Adogtable!! Topaz was surrendered due to food allergies. Topaz has moderate energy, and is house trained! An easy dog in a calm environment, and would be a great candidate as a therapy dog or an emotional support dog. He is OK with calm, respectful female dogs but is reactive to male dogs. Topaz is cat friendly! Unsure about kids, but will try to test to better recommend. This "cuddly companion" is available through Good Bones Dog Rescue, 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!  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 tHalifax (HRM) Residential Statistic Update for the Week of July 25th - August 1st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 270 (302, 322, 333, 333) *309 Sold: 198 (205, 181, 197, 208) *176 Sale To Listing Ratio: 73% (68%, 56%, 60%, 63%) *57% Price Changes: 167 (205, 190, 161, 167) *198 Listings that went conditional/pending: 204 (220, 217, 242, 201) *219 Expired/Cancelled: 134 (94, 100, 103, 192) *183 Total Active Halifax/Dartmouth Inventory: 3,263 (3,323, 3,357, 3,341, 3,348) +4,195 Absorption Rate in weeks: 17 (17, 17, 16, 16) *24 Single Family Home Stats Active Single Family Home: 1,858 (1,888, 1,903, 1,883, 1,877) *2,409 Average Single Family Home List Price: $337,756 ($355k, $326k,$321k,$334k) *$315k Average Single Family Home Selling Price: $328,238 ($345k,$317k,$316k,$329k) *$305k Single Family Home Sale to List Ratio This Week: 97% (97%, 98%, 99%, 99%) *97% Median Single Family Home List Price (6 mo): $299,950 ($300k,$299k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$290k,$298k,$299k)*$281k Average Days on Market Single Family Home: 51 (51, 37, 51, 70) *88 Condo Stats Active Condos: 213 (213, 223, 225, 242) *381 Average Condo Listing Price: $249,952 ($267k, $243k, $279k, $308k) *$211k Average Condo Selling Price: $244,310 ($260k, $241k, $271k, $301k) *$208k Condo Sale to List Ratio This Week: 97% (97%, 99.5%, 97%, 98%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $241,000 ($241k, $240k, $221k, $241k) *$223k Average Days on Market Condos: 38 (38, 31, 79, 56)*100 Active Vacant Lots: 937 (947, 953, 949, 947) *1,055 Market Rant Inventory is on the decline! By the time August hits, we are usually in a consistent inventory decline trend, and this year is really no different despite the sizzling market. It was a higher than average reduction this week, but Summer months are notoriously sluggish, so the season is just following the norm. Some of the contributing factors include a streak busting sub 300 new listing addition, slightly lower buyer activity, elevated expired/cancelled listings (higher cancelled listings than normal, which I found interesting), and the overall trend of the season. Although the 6 month value averages had a very small increase, the weekly value rates reported a bit lower than last week as well. Bit of a sleepy time of year, but I suppose it's good to catch your breath at some point. When I say sleepy, the activity is still higher than previous years, by a lot, and just take a look at that a sales to list ratio. So the foots off the gas slightly, but no one seems to be pumping the breaks anytime soon. Thanks for stopping by! The Weekly Adogtable!! Oliver was found as a stray that is initially reserved of strangers. His personality is so incredibly sweet and curious, and his vocal side is enough to make you laugh. He can be destructive (puppy behavior) but not to worry, he is kennel trained. He is playful with toys, and seems OK with dogs, but will test more to be sure. He exhibits typical puppy behavior such as jumping on people and pulling on leash but with a little love and guidance these behaviors are easily curbed. It helps that he is so treat motivated! This "cuddly companion" is available through Good Bones Dog Rescue, 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!  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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