|
Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 174 (200, 199, 239, 226) *208 Sold: 116 (134, 127, 148, 148) *109 Sale To Listing Ratio: 67% (67, 64, 66%, 66%) *52% Price Changes: 97 (106, 87, 87, 76) *97 Listings that went conditional/pending: 145 (146, 132, 177, 154) *152 Expired/Cancelled/Withdrawn: 46 (53, 38, 101, 47) *53 Total Active Halifax/Dartmouth Inventory: 1,347 (1,369, 1,383, 1,365, 1,400) *1,327 Absorption Rate in weeks: 10 (10, 10, 10, 10) *9 Single Family Home Stats Active Single Family Home: 656 (675, 678, 662, 677) *677 Average Single Family Home List Price: $601,013 ($611k$624k,$523k,$605k) *$501k Average Single Family Home Selling Price: $607,398 ($616k,$614k,$534k,$603k) *$500k Single Family Home Sale to List Ratio This Week: 101% (101%, 98%, 102%, 99%) *99% Median Single Family Home List Price (6 mo):$534,999 ($535k,$530k,$530k,$535k) *$459k Median Single Family Home Sold Price(6 mo):$545,000 ($545k,$543k,$542k,$544k)*$525k Average Days on Market Single Family Home: 27 (29, 34, 22, 27) *16 Condo Stats Active Condos: 111 (109, 106, 113, 113) *97 Average Condo Listing Price: $466,150 ($468k, $438k, $511k, $414k) *$395k Average Condo Selling Price: $466,350 ($472k, $447k, $517k, $423k) *$395k Condo Sale to List Ratio This Week: 100.1% (101%, 102%, 101%, 102%) *100% Median Condo List Price (6 mo): $424,900 ($425k, $425k, $420k, $420k) *$340k Median Condo Sold Price (6 mo): $425,000 ($425k, $425k, $425k, $422k) *$430k Average Days on Market Condos: 22 (25, 11, 29, 29) *26 Active Vacant Lots: 419 (421, 423, 420, 434) *384 Market Rant Feels like the calm before the storm, or perhaps the Halifax real estate market has just settled into the annual trend that we are used to, before the pandemic market catapulted the market. Somewhat nice to see prices stabilize, and even reduce to some degree this week, although I'm thinking that there are many buyers who are standing buy for even lower numbers. Generally, this time of year is a good time to purchase. You get the leftovers from the Spring/early Summer months that may have reduced, and there are still listings coming to market each week, but they are generally met with lower buyer interest so competition is less. Buyers overall focus on the Spring, since this is the ideal time to plan a move, or relocation, and be settled into ones new residence before a new precedent, like a new school year begins. Still lots of life left in the market, although, there does seem to be quite the wind down. Is it a false crest? Never know, so stay tuned to the blog to stay on top of the market 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 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: 200 (199, 239, 226, 242) *229 Sold: 134 (127, 148, 148, 128) *147 Sale To Listing Ratio: 67% (64, 66%, 66%, 53%) *64% Price Changes: 106 (87, 87, 76, 92) *99 Listings that went conditional/pending: 146 (132, 177, 154, 193) *171 Expired/Cancelled/Withdrawn: 53 (38, 101, 47, 37) *39 Total Active Halifax/Dartmouth Inventory: 1,369 (1,383, 1,365, 1,400, 1,401) *1,304 Absorption Rate in weeks: 10 (10, 10, 10, 10) *9 Single Family Home Stats Active Single Family Home: 675 (678, 662, 677, 677) *645 Average Single Family Home List Price: $610,737 ($624k,$523k,$605k,$641k) *$497k Average Single Family Home Selling Price: $616,353 ($614k,$534k,$603k,$653k) *$505k Single Family Home Sale to List Ratio This Week: 101% (98%, 102%, 99%, 102%) *102% Median Single Family Home List Price (6 mo):$534,999 ($530k,$530k,$535k,$530k) *$460k Median Single Family Home Sold Price(6 mo):$545,000 ($543k,$542k,$544k,$541k)*$531k Average Days on Market Single Family Home: 29 (34, 22, 27, 30) *16 Condo Stats Active Condos: 109 (106, 113, 113, 113) *100 Average Condo Listing Price: $468,000 ($438k, $511k, $414k, $441k) *$359k Average Condo Selling Price: $472,521 ($447k, $517k, $423k, $441k) *$360k Condo Sale to List Ratio This Week: 101% (102%, 101%, 102%, 101%) *100% Median Condo List Price (6 mo): $424,900 ($425k, $420k, $420k, $425k) *$389k Median Condo Sold Price (6 mo): $425,000 ($425k, $425k, $422k, $424k) *$438k Average Days on Market Condos: 25 (11, 29, 29, 31) *24 Active Vacant Lots: 421 (423, 420, 434, 434) *380 Market Rant Another ho-hum week this week as the Summer just keeps on flying by! A lot of similar stat reports compared to last week, with some every so small changes. Notably, there were several more price reductions reported, a small bump in accepted offers, a sight reduction in the overall inventory levels, and the single family home six month values increased again for the first time in over a month. Does that mean prices are back on the rise? Well, you have to keep in mind that the six month averages are just like a cruise ship, and it takes a long time to correct the course to today with that much data. If I had to guess, I would say that the drawdown of activity has caused the overall value to reduce in value, and will likely continue in turn until the years end. Most other stats remained stable this week, and will likely continue to see slight reductions in most tracked stats until the years end. You never know though, so be sure to stay tuned to the blog to stay informed and on top of the market here in Halifax! 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: 199 (239, 226, 242, 242) *229 Sold: 127 (148, 148, 128, 142) *147 Sale To Listing Ratio: 64% (66%, 66%, 53%, 59%) *64% Price Changes: 87 (87, 76, 92, 88) *99 Listings that went conditional/pending: 132 (177, 154, 193, 175) *171 Expired/Cancelled/Withdrawn: 38 (101, 47, 37, 48) *39 Total Active Halifax/Dartmouth Inventory: 1,383 (1,365, 1,400, 1,401, 1,401) *1,304 Absorption Rate in weeks: 10 (10, 10, 10, 9) *9 Single Family Home Stats Active Single Family Home: 678 (662, 677, 677, 683) *645 Average Single Family Home List Price: $623,663 ($523k,$605k,$641k,$639k) *$497k Average Single Family Home Selling Price: $613,960 ($534k,$603k,$653k,$642k) *$505k Single Family Home Sale to List Ratio This Week: 98% (102%, 99%, 102%, 101%) *102% Median Single Family Home List Price (6 mo):$530,000 ($530k,$535k,$530k,$530k) *$460k Median Single Family Home Sold Price(6 mo):$542,5000 ($542k,$544k,$541k,$540k)*$531k Average Days on Market Single Family Home: 34 (22, 27, 30, 26) *16 Condo Stats Active Condos: 106 (113, 113, 113, 108) *100 Average Condo Listing Price: $438,071 ($511k, $414k, $441k, $538k) *$359k Average Condo Selling Price: $447,428 ($517k, $423k, $441k, $538k) *$360k Condo Sale to List Ratio This Week: 102% (101%, 102%, 101%, 99%) *100% Median Condo List Price (6 mo): $424,900 ($420k, $420k, $425k, $425k) *$389k Median Condo Sold Price (6 mo): $425,000 ($425k, $422k, $424k, $425k) *$438k Average Days on Market Condos: 11 (29, 29, 31, 47) *24 Active Vacant Lots: 423 (420, 434, 434, 435) *380 Market Rant Bucking the typical trend this time of year, inventory actually gained a chunk this week, which does seem to be the way things ebb and flow around this time. Single family homes took the brunt of that addition, with the $600k+ bracket padding those stats, creating options for those that fall into that budget category. It seems that anything sub $500k is still quite active, and receiving multiple offers in most areas within twenty minutes to the core(s). Sales and buyer activity slumped a bit this week, but not surprising given the sleepy time of year, weather event (again), and long weekend, all which contribute to the lack of activity. Sales prices and overall values remain strong, with little sign of impact from the deflation measures, so I'm curious what the market would look like if those measure where not implemented! Still a curious time of year, and with the surge of the Spring market, it was only a matter of time until a little break happened, what better months for that to happen than Summer? Things are likely to ramp up again soon though, so 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 these guys 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: 239 (226, 242, 242, 175) *295 Sold: 148 (148, 128, 142, 121) *159 Sale To Listing Ratio: 66% (66%, 53%, 59%, 69%) *54% Price Changes: 87 (76, 92, 88, 63) *97 Listings that went conditional/pending: 177 (154, 193, 175, 119) *176 Expired/Cancelled/Withdrawn: 101 (47, 37, 48, 66) *43 Total Active Halifax/Dartmouth Inventory: 1,365 (1,400, 1,401, 1,401, 1,388) *1,307 Absorption Rate in weeks: 10 (10, 10, 9, 9) *8 Single Family Home Stats Active Single Family Home: 662 (677, 677, 683, 691) *664 Average Single Family Home List Price: $522,508 ($605k,$641k,$639k,$568k) *$547k Average Single Family Home Selling Price: $533,678 ($603k,$653k,$642k,$570k) *$556k Single Family Home Sale to List Ratio This Week: 102% (99%, 102%, 101%, 101%) *102% Median Single Family Home List Price (6 mo):$530,000 ($535k,$530k,$530k,$530k) *$460k Median Single Family Home Sold Price(6 mo):$542,250 ($544k,$541k,$540k,$539k)*$541k Average Days on Market Single Family Home: 22 (27, 30, 26, 20) *15 Condo Stats Active Condos: 113 (113, 113, 108, 103) *113 Average Condo Listing Price: $510,452 ($414k, $441k, $538k, $348k) *$403k Average Condo Selling Price: $516,558 ($423k, $441k, $538k, $370k) *$398k Condo Sale to List Ratio This Week: 101% (102%, 101%, 99%, 106%) *99% Median Condo List Price (6 mo): $419,900 ($420k, $425k, $425k, $425k) *$387k Median Condo Sold Price (6 mo): $425,000 ($422k, $424k, $425k, $422k) *$441k Average Days on Market Condos: 29 (29, 31, 47, 17) *19 Active Vacant Lots: 420 (434, 434, 435, 426) *349 Market Rant There you have it, the market has finally heaved and fallen back in line with annual trend; a sleepy time that has highs and lows, but has generally lower activity than many other times of the year. So what is with the inventory reduction? Well, we had the largest amount of listings that cancelled, withdrew, or expired so far this year, and we are still seeing positive buyer activity, which is chipping away at what little inventory we have to assist with the reduction. Prices have started to slip here and there, and we may have finally seen the cooling of the surging value trajectory, for now at least. This time of year does tend to be a bit more sleepy than other seasons, possibly due to the awesome weather and folks taking a break from their search, but the market persists. It's a mixed bag as we head into the peak of Summer, so you can expect for things to taper offer for the next few weeks, and then pick up right before the "back to school" effort. Never know though, so be sure to stay tuned to the blog to stay on top of things 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 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 |
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.. 
ListingsPhoto's by Jeremiah
Archives
August 2024
Categories
All
|
RSS Feed