Halifax (HRM) Residential Market Statistic Update For Week of  September 17th - September 24th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 326 (305, 302, 279, 282) *393
Sold: 128 (130, 109, 125, 140) *133
Sale To Listing Ratio: 39% (43%, 36%, 45%, 37%) *34%
Price Changes: 289 (337, 268, 266, 291) 
Listings that went conditional/pending:  140 (141, 128, 141, 153)  *117
Expired/Cancelled/Withdrawn:  172 (179, 137, 293, 129) *169
Total Active Halifax/Dartmouth Inventory:  5,841 (5,835, 5,857, 5,830, 6,006) *5,695
Absorption Rate in weeks:  48 (46, 45, 44, 48) *48

Single Family Home Stats
Active Single Family Home: 3,935 (3,933, 3,958, 3,938, 4,085) *3,803
Average Single Family Home List Price:  $266,948  ($301k, $297k, $293k, $306k) *$274k
Average Single Family Home Selling Price:   $256,122 ($290k, $285k, $278k, $296k)  *$261k
Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 95%, 97%) *95%
Median Single Family Home List Price: $258,950 ($262k, $260k, $260k, $265k)
Median Single Family Home Sold Price: $251,500 ($250k, $250k, $248k, $263k)
Average Days on Market Single Family Home: 82 (118, 101, 104, 104) *125

Condo Stats
Active Condos:  497 (494, 501, 484, 516) *526
Average Condo Listing Price:  $360,194 ($244k, $241k, $246k, $234k) *$258k
Average Condo Selling Price: $348,546 ($238k, $233k, $238k, $225k) *$250k
Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 96%) *97%
Median Condo List Price: $236,000($234k, $225k, $230k, $228k)
Median Condo Sold Price: $226,000 ($225k, $215k, $223k, $219k)
Average Days on Market Condos:  145 (144, 97, 97, 77) *109

Active Vacant Lots: 1,087 (1,093, 1,086, 1,097, 1,089) *1,023

MARKET RANT
Things are still alive out there, but there is signs of slowing. Although activity should be starting to slow at this point in the season, it's all engines ahead into the fall market. A larger then average addition of new listings this week, coupled with a softer sales week has caused the inventory across the board to sneak back up. Sales values remain solid (despite their odd appearance this week), but it is a clear observation that value priced starter homes where the flavour of the week not too long ago. Still, we don't seem to be making a dent in the absorption rate, and of course, inventory is still way above all years previous. It would seem that sales are happening at pace, but I'm sure each one has a very unique story to tell. If I have learned anything during my career, it's that each and every transaction are like snowflakes, no two are the same. Thanks for stopping by and remember .CA!

THE WEEKLY ADOGTABLE

My name is Felix! I am a super fun young boy looking for an active home! I am around 2 years old and weigh 50lbs. I have lots on energy and love to play! I was dominant with the dogs I have met so far. I will need a home with a submissive dog or no dogs at all! I enjoy spending time with people and going for walks. Some men make me a little nervous so I will need a owner who can help me build my confidence around all people.

This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

LET ME HELP YOU OUT

Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can contact me to advise you on your best plan of action for your property transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone.

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.

Newest Blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of  September 10th - September 17th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 305 (302, 279, 282, 357) *413
Sold: 130 (109, 125, 140, 143) *123
Sale To Listing Ratio: 43% (36%, 45%, 37%, 40%) *30%
Price Changes: 337 (268, 266, 291, 288) 
Listings that went conditional/pending:  141 (128, 141, 153, 162)  *116
Expired/Cancelled/Withdrawn:  179 (137, 293, 129, 126) *146
Total Active Halifax/Dartmouth Inventory:  5,835 (5,857, 5,830, 6,006, 6,015) *5,730
Absorption Rate in weeks:  46 (45, 44, 48, 44) *48

Single Family Home Stats
Active Single Family Home: 3,933 (3,958, 3,938, 4,085, 4,096) *3,830
Average Single Family Home List Price:  $301,342  ($297k, $293k, $306k, $320k) *$303k
Average Single Family Home Selling Price:   $289,847 ($285k, $278k, $296k, $293k)  *$292k
Single Family Home Sale to List Ratio This Week: 96% (96%, 95%, 97%, 92%) *96%
Median Single Family Home List Price: $262,000 ($260k, $260k, $265k, $288k)
Median Single Family Home Sold Price: $250,000 ($250k, $248k, $263k, $269k)
Average Days on Market Single Family Home: 118 (101, 104, 104, 122) *105

Condo Stats
Active Condos:  494 (501, 484, 516, 517) *524
Average Condo Listing Price:  $244.356 ($241k, $246k, $234k, $246k) *$253k
Average Condo Selling Price: $238,245 ($233k, $238k, $225k, $231k) *$244k
Condo Sale to List Ratio This Week: 97% (97%, 96%, 96%, 94%) *96%
Median Condo List Price: $234,000 ($225k, $230k, $228k, $239k)
Median Condo Sold Price: $225,100 ($215k, $223k, $219k, $249k)
Average Days on Market Condos:  144 (97, 97, 77, 89) *100

Active Vacant Lots: 1,093 (1,086, 1,097, 1,089, 1,091) *1,029

MARKET RANT
Lot's of new and exciting things happening to the blog this week, for starters, we have a new look! Please also update your bookmarks as we are now .ca intend of .net!

So after a few weeks of back and forth, the market has decided to turn down again. Most key areas are reporting reduction including single family homes and condo inventory, but areas like new listing additions, sales and conditional offers seem to be holding strong with activity. Values remain solid, but the end of the season is starting to prevail. Trying to soak in the last of the 2015 summer/fall market, there was 337 price changes this week to make properties more attractive, and 179 listings decided that was enough and tipped their cap to fight another day. The absorption rate is just below par with last year at this time which signs, at least, that things are relatively the same as last year (exception being the inventory). Things are also better than last year in some cases at this time, but we won't truly see the overall impact for months to come. Thanks for stopping by, and stay tuned!

THE WEEKLY ADOGTABLE

Name: Max

Max is a boisterous and happy pup! He spent his whole life in a shelter and now he wants to have fun! He is great with out her dogs and people, no small children though. Max needs an experienced person to help him figure out life smile emoticon. We are looking for a foster or adopter who would be able to commit to Max's training. We are also looking for a trainer who is willing to help! Please share this cute guy!  He loves car rides

This "cuddly companion" is available through Cool Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

LET ME HELP YOU OUT

Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can contact me to advise you on your best plan of action for your property transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone.

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.

Newest Blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of  September 3rd - September 10th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 302 (279, 282, 357, 340) *480
Sold: 109 (125, 140, 143, 121) *105
Sale To Listing Ratio: 36% (45%, 37%, 40%, 36%) *22%
Price Changes: 268 (266, 291, 288, 254) 
Listings that went conditional/pending:  128 (141, 153, 162, 117)  *136
Expired/Cancelled/Withdrawn:  137 (293, 129, 126, 241) *141
Total Active Halifax/Dartmouth Inventory:  5,857 (5,830, 6,006, 6,015, 5,960) *5,731
Absorption Rate in weeks:  45 (44, 48, 44, 44) *47

Single Family Home Stats
Active Single Family Home: 3,958 (3,938, 4,085, 4,096, 4,085) *3,827
Average Single Family Home List Price:  $297,054  ($293k, $306k, $320k, $319k) *$306k
Average Single Family Home Selling Price:   $284,479 ($278k, $296k, $293k, $308k)  *$297k
Single Family Home Sale to List Ratio This Week: 96% (95%, 97%, 92%, 96%) *97%
Median Single Family Home List Price: $260,000 ($260k, $265k, $288k, $264k)
Median Single Family Home Sold Price: $250,000 ($248k, $263k, $269k, $258k)
Average Days on Market Single Family Home: 101 (104, 104, 122, 100) *120

Condo Stats
Active Condos:  501 (484, 516, 517, 514) *521
Average Condo Listing Price:  $240,950 ($246k, $234k, $246k, $271k) *$265k
Average Condo Selling Price: $233,066 ($238k, $225k, $231k, $262k) *$257k
Condo Sale to List Ratio This Week: 97% (96%, 96%, 94%, 96%) *97%
Median Condo List Price: $224,950 ($230k, $228k, $239k, $260k)
Median Condo Sold Price: $215,000 ($223k, $219k, $249k, $257k)
Average Days on Market Condos:  97 (97, 77, 89, 74) *84

Active Vacant Lots: 1,086 (1,097, 1,089, 1,091, 1,067) *1,028

MARKET RANT

The odd ebb and flow continues this week with inventory gains in almost all sectors or the market. Might be the slower sales, the smaller amount of expired/cancelled listings, and the slightly increased new additions to the market that has caused the comeback, but for a time when annual trend is supposed to point downward in the inventory section, the market, I guess, has different ideas. Value remains solid this week (as always), and average days on market hold steady around the three month mark. Still, with a decent amount of accepted offers on the table this week, it appears that the late start to the market year has cause a late ending to it as well. Not sure there is anyone complaining about it, and I'm sure that most people would encourage the activity to stay around much longer, including me. Thanks for stopping by!

THE WEEKLY ADOGTABLE

Name: Echo

Look at the gorgeous colors on this boy. Echo is a sweet and handsome Lab-Pitty mix boy who just celebrated his 1st birthday on July 5th. He is 62 pounds, is crate trained and spends his time alone in the house in a crate. Echo is up to date with all his vaccines and is neutered. He plays rough and sometimes gets a little rambunctious but never has an intent to hurt anyone. He is not mean or aggressive ever... just doesn't know his own strength.
Echo isn't that great with cats so a home with cats or small animals is not recommended. He has a lot of energy and needs someone to spend time with him to train him and help him expend that energy.

Children tend to be playmates to him and with his rough play run the risk of getting hurt. With the right direction Echo would be great but until then he is best not to be in a home with small children.
Echo is still very much a puppy and really wants to be a good boy but gets into a lot of trouble because his Mom hasn't had the time to spend with him to train him properly. He is VERY motivated with food and would be easy to train given the opportunity. He is not good on a leash but can sit and stay when food is a motivator and has a fairly good recall when not distracted

Echo still has the occasional accident in the house and will steal food if given the slightest opportunity. Echo truly would be an awesome dog for someone who has the time to train him properly. He is a loveable and loyal dog, not a mean bone in his body, and just needs the right home.

This "cuddly companion" is available through Litters and Critters, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

LET ME HELP YOU OUT

Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can contact me to advise you on your best plan of action for your property transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone.

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.

Newest Blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of  August 27th - September 3rd 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats

Total Market
New or Back to Market Listings: 279 (282, 357, 340, 335) *439
Sold: 125 (140, 143, 121, 136) *110
Sale To Listing Ratio: 45% (37%, 40%, 36%, 41%) *25%
Price Changes: 266 (291, 288, 254, 302) 
Listings that went conditional/pending:  141 (153, 162, 117, 180)  *126
Expired/Cancelled/Withdrawn:  293 (129, 126, 241, 117) *311
Total Active Halifax/Dartmouth Inventory:  5,830 (6,006, 6,015, 5,960, 5,991) *5,667
Absorption Rate in weeks:  44 (48, 44, 44, 43) *47

Single Family Home Stats
Active Single Family Home: 3,938 (4,085, 4,096, 4,085, 4,092) *3,780
Average Single Family Home List Price:  $293,138  ($306k, $320k, $319k, $304k,) *$300k
Average Single Family Home Selling Price:   $278,414 ($296k, $293k, $308k, $281k)  *$287k
Single Family Home Sale to List Ratio This Week: 95% (97%, 92%, 96%, 92%) *96%
Median Single Family Home List Price: $260,000 ($265k, $288k, $264k, $290k)
Median Single Family Home Sold Price: $248,000 ($263k, $269k, $258k, $277k)
Average Days on Market Single Family Home: 104 (104, 122, 100, 113) *113

Condo Stats
Active Condos:  484 (516, 517, 514, 522) *516
Average Condo Listing Price:  $248,514 ($234k, $246k, $271k, $263k) *$246k
Average Condo Selling Price: $238,536 ($225k, $231k, $262k, $239k) *$237k
Condo Sale to List Ratio This Week: 96% (96%, 94%, 96%, 96%) *97%
Median Condo List Price: $230,000 ($228k, $239k, $260k, $239k)
Median Condo Sold Price: $223,000 ($219k, $249k, $257k, $230k)
Average Days on Market Condos:  97 (77, 89, 74, 68) *103

Active Vacant Lots: 1,097 (1,089, 1,091, 1,067, 1,070) *1,022

MARKET RANT

The inventory stats this week confirm that we are on the annual downward trend for this time of year, with exception to vacant land. Another event happened this week as well, condo inventory is actually less than last year! Single family homes, unfortunately, are yet to follow suit in that regard, but the gap is narrowing it seems. Activity may appear to be slowing down, but on the contrary, things are maintaining at a steady pace. Although new additions are down and the listings that failed to sell are coming off the market (causing the inventory decline), sales are still relatively strong and accepted offers are happening in high numbers. So what does this mean for sellers? Maybe a little less competition, or is it trying to appeal to a smaller crowd of buyers? I would have to say the first selection, since sales and offers are just as strong as they were in the peak of the Spring season. I have referred to September and October many times as the "secret time to sell", an it would appear that this year is no different. Thanks for stopping by!

THE WEEKLY ADOGTABLE

Name: Milton
Age: 1 Year 6 Months
Breed: Amstaff Mix

Milton is a young Amstaff mix who is in need of a new home! This handsome boy has a TON of energy, and he'd love to burn it all off with you! He would make an excellent hiking buddy, but first he will need to touch up with his obedience training. Milton can be a bit jumpy, and mouthy so we are recommending no children under the age of 12. He's got a great personality, but needs a firm hand to tell him the right thing to do! Milton has met other dogs here at the Pound, and has done nicely however he is a big bundle of energy so if he has a doggy friend, he or she will need to be submissive. No cats for Milton!

This "snuggly sam" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

LET ME HELP YOU OUT

Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can contact me to advise you on your best plan of action for your property transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone.

VIEWPOINT REALTY

Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!

Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.

Newest Blog post HERE