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Halifax (HRM) Residential Statistic Update for the Week of September 20th-27th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 285 (280, 227, 208, 294) *267 Sold: 174 (167, 141, 126, 147) *148 Sale To Listing Ratio: 61% (60%, 62%, 61%, 50%) *55% Price Changes: 172 (163, 161, 143, 158) *219 Listings that went conditional/pending: 164 (176, 165, 135, 179) *149 Expired/Cancelled/Withdrawn: 127 (111, 89, 201, 142) *149 Total Active Halifax/Dartmouth Inventory: 4,030 (4,026, 4,031, 4,027, 4,194) +4,613 Absorption Rate in weeks: 27 (28, 29, 27, 26) *33 Single Family Home Stats Active Single Family Home: 2,258 (2,283, 2,288, 2,287, 2,392) *2,837 Average Single Family Home List Price: $308,418 ($303k,$336k,$333k,$318k) *$299k Average Single Family Home Selling Price: $298,932 ($295k,$323k,$323k,$308k) *$289k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 (%290k,$290k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$282,000 ($283k,$283k,$282k,$281k)*$270k Average Days on Market Single Family Home: 53 (56, 67, 66, 69) *70 Condo Stats Active Condos: 329 (328, 330, 331, 357) *416 Average Condo Listing Price: $212,757 ($323k, $254k, $256k, $287k) *$264k Average Condo Selling Price: $205,968 ($314k, $244k, $249k) *$255k Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($221k, $221k,$223k, $221k) *$235k Average Days on Market Condos: 79 (105, 122, 74, 118) *146 Active Vacant Lots: 1,071 (1,067, 1,069, 1,067, 1,084) *1,123 Market Rant Welcome to the first week of Fall! I don't know if it's me, but didn't Summer seemed to come and go too quickly. September hit, and it was like a switch! What is usually the sleeper time in general, turned out to be one of the hottest Summers for both market and weather! Momentum is certainly carrying forward so far, and there doesn't seem to be any end in sight. Lots of buyer backup still in play, and there remains a lack of selection out there for the wary buyers. Usually, buyers have a "must have" list when looking for their next home. It used to be, If you are getting 80-90% of that list you were doing good, now its more like 60-70%. It's definitely interesting to watch the different market types, trends, and how the players react when push comes to shove. Definitely feels like the market of 2010/11 out there right now, but if you recall, it wasn't too far after that the market had a change of direction for several years. For sellers, it's critical that you ride the wave while it still surges, and for buyers, it's important not to but too high in case of a market turnaround. Will that happen anytime soon? Unlikely, but you will have to stay tuned to the blog to stay on top of things! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Tony! He's a fella who Needs a neuter and microchip on us. He is up to date on vaccines but needs rabies shot. Crate trained but not a fan of being caged. Well socialized with people, happy to see them. Likes to sniff a lot on walks. Ok with touching all over but, a little sensitive when touching his tail, will attempt to avoid your hand or walk away. No resource guarding, takes treats nicely. Playful with dogs, hackles on his back at first from nerves but , he will relax very quickly. Cats unknown. Jumps when playing, nibbles and plays like a bully breed. 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 Halifax (HRM) Residential Statistic Update for the Week of September 13th-20th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 280 (227, 208, 294, 255) *272 Sold: 167 (141, 126, 147, 146) *143 Sale To Listing Ratio: 60% (62%, 61%, 50%, 57%) *53% Price Changes: 163 (161, 143, 158, 153) *218 Listings that went conditional/pending: 176 (165, 135, 179, 158) *165 Expired/Cancelled/Withdrawn: 111 (89, 201, 142, 113) *130 Total Active Halifax/Dartmouth Inventory: 4,026 (4,031, 4,027, 4,194, 4,200) +4,602 Absorption Rate in weeks: 28 (29, 27, 26, 26) *33 Single Family Home Stats Active Single Family Home: 2,283 (2,288, 2,287, 2,392, 2,410) *2,833 Average Single Family Home List Price: $303,463 ($336k,$333k,$318k,$314k) *$298k Average Single Family Home Selling Price: $294,677 ($323k,$323k,$308k,$303k) *$290k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 96%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$289k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$282k,$281k,$281k)*$270k Average Days on Market Single Family Home: 56 (67, 66, 69, 71) *69 Condo Stats Active Condos: 328 (330, 331, 357, 379) *413 Average Condo Listing Price: $322,447 ($254k, $256k, $287k, $277k) *$244k Average Condo Selling Price: $313,852 ($244k, $249k, $282k) *$231k Condo Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($221k,$223k, $221k, $221k) *$230k Average Days on Market Condos: 105 (122, 74, 118, 132) *82 Active Vacant Lots: 1,067 (1,069, 1,067, 1,084, 1,060) *1,126 Market Rant Well that was a quick change! A couple of days ago I was looking for ways to cool down, and this week I'm scrambling for a coat! I can't complain though, the Summer weather was awesome this year, just like our market! Even though the temps outside seem to be cooling off, that doesn't seem to be translating to the market here in Halifax. Yet again, numbers are up in key areas like sales, listings that received and accepted offers, and the sales to list ratio, but are also down in the other key areas of improvement like inventory, days on market, and funny enough, the absorption rate. Activity is still strong overall, and the 2018 Summer market is almost in the books. It appears that it wants to squeeze every last possible moment it can though, and I'm sure this will be a Summer for the books. Stay tuned to find out! Thanks for stopping by! The Weekly Adogtable! Lance (or Sir Lancelot, if you like) is a sweet boy ready steal your heart! Despite having a rough start to life, he knows how to bring a smile to your face with his goofy antics, and he aims to impress with the tricks he knows. This charmer is very affectionate with his people, though another established dog in the household could be just what Lance needs to learn how to be the best pup he can be. Registration in obedience classes is encouraged for his new family. Lance would be best suited to a home: -With or without other animals -With children over the age of 12 years 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!  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 September 6th-13th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (208, 294, 255, 241) *322 Sold: 141 (126, 147, 146, 167) *156 Sale To Listing Ratio: 62% (61%, 50%, 57%, 69%) *48% Price Changes: 161 (143, 158, 153, 165) *222 Listings that went conditional/pending: 165 (135, 179, 158, 130) *180 Expired/Cancelled/Withdrawn: 89 (201, 142, 113, 68) *121 Total Active Halifax/Dartmouth Inventory: 4,031 (4,027, 4,194, 4,200, 4,213) +4,637 Absorption Rate in weeks: 29 (27, 26, 26, 25) *33 Single Family Home Stats Active Single Family Home: 2,288 (2,287, 2,392, 2,410, 2,420) *2,874 Average Single Family Home List Price: $336,224 ($333k,$318k,$314k,$301k) *$284k Average Single Family Home Selling Price: $323,292 ($323k,$308k,$303k,$292k) *$276k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%,97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($289k,$289k,$289k,$287k)*$279k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$281k,$281k,$280k)*$270k Average Days on Market Single Family Home: 67 (66, 69, 71, 66) *78 Condo Stats Active Condos: 330 (331, 357, 379, 377) *412 Average Condo Listing Price: $253,862 ($256k, $287k, $277k, $247k) *$220k Average Condo Selling Price: $244,293 ($249k, $282k, $267k) *$209k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 98%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($223k, $221k, $221k, $223k) *$230k Average Days on Market Condos: 122 (74, 118, 132, 56) *117 Active Vacant Lots: 1,069 (1,067, 1,084, 1,060, 1,071) *1,133 Market Rant I'm starting to wonder if the lacking buyer activity is actually sellers market influenced, by the lack of inventory and selection out there? Although things are still moving along, there seems to be some supply issues in key product types and areas. The Halifax peninsula is an obvious, but the big shortage seems to be in the starter home price bracket, which ranges from $180-$250k (approx). This price range of inventory is not only being snapped up in the core areas, but well beyond and deep into the municipalities. Seems to be a buyer backlog at this price point, and one that has yet to see pressure relief. This time of year generally sees less activity and a declining inventory, but that generally means that buyers have less competition and more of a selection. Not this year. The sales to list ratio has been reporting significantly higher in the last few weeks compared to last year, and the cause seems to be the continued lack of new listings, coupled with solid sales numbers. The sellers market in the city has been felt this year for sure, and it appears as though the reach is starting to increase. Stay tuned to see what the Fall market will bring! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Otis! This lifelong bachelor is looking to enjoy his retirement years in a quiet home with a family who can give him the patience and and bonding time that he needs. Otis is famous at Homeward Bound for his "grumpy old man" personality, so a calmer environment would be just the ticket for this senior fella! Otis would be best suited to a home: -Without other pets -With children over the age of 12 years -No apartments 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!  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 30th - September 6th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 208 (294, 255, 241, 309) *275 Sold: 126 (147, 146, 167, 176) *117 Sale To Listing Ratio: 61% (50%, 57%, 69%, 57%) *43% Price Changes: 143 (158, 153, 165, 198) *188 Listings that went conditional/pending: 135 (179, 158, 130, 219) *152 Expired/Cancelled/Withdrawn: 201 (142, 113, 68, 183) *94 Total Active Halifax/Dartmouth Inventory: 4,027 (4,194, 4,200, 4,213, 4,195) +4,615 Absorption Rate in weeks: 27 (26, 26, 25, 24) *33 Single Family Home Stats Active Single Family Home: 2,287 (2,392, 2,410, 2,420, 2,409) *2,861 Average Single Family Home List Price: $332,581 ($318k,$314k,$301k,$315k) *$290k Average Single Family Home Selling Price: $323,292 ($308k,$303k,$292k,$305k) *$278k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%,97%, 97%) *96% Median Single Family Home List Price (6 mo): $289,000 ($289k,$289k,$287k,$289k)*$280k Median Single Family Home Sold Price (6 mo):$282,000 ($281k,$281k,$280k,$281k)*$270k Average Days on Market Single Family Home: 66 (69, 71, 66, 88) *86 Condo Stats Active Condos: 331 (357, 379, 377, 381) *408 Average Condo Listing Price: $256,386 ($287k, $277k, $247k, $211k) *$241k Average Condo Selling Price: $248,920 ($282k, $267k, $208k) *$232k Condo Sale to List Ratio This Week: 97% (97%, 97%, 98%, 98%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $222,500 ($221k, $221k, $223k, $223k) *$230k Average Days on Market Condos: 74 (118, 132, 56, 100) *74 Active Vacant Lots: 1,067 (1,084, 1,060, 1,071, 1,055) *1,141 Market Rant September long weekend seems to have quite the impact on the annual market, and sets the unofficial signal fire to commence the Fall market. Several factors surround this time of year, which is likely some of the reasoning behind the lacking report. Summer holidays have come to an end, so parents have likely settled for the season while they prepare the kiddos for school, and with the last Summer long weekend behind us, I would anticipate a good amount of people tried to squeeze every last drop out of the season. Listings from the late Spring/early Summer market have waned, leaving some Sellers to make the decision to carry on or pull from the market. Ultimately, it's back to business for most, so you can bet on activity increasing, however, it might be a different kind and volume. My prediction is that we will see an Autumn unlike many of the years prior. The 2018 market year has been a lion, and I don't anticipate is going out like a lamb. The market is still buzzing, and several pockets of Sellers market still remain. Sure, we are down in activity this week, but I have a feeling things are about to surge yet again. Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Ronny is an energetic, playful dog with a heart of gold. He will require a family that can help him become the best version of himself - he needs to work on his manners and be shown how to be an awesome dog. An active family is a must as this guy enjoys being outdoors and always on the go! Ronny's ideal home: - With or without other dogs - With children over the age of 12 - Proof of registration in obedience classes is mandatory at the time of adoption If you're ready for adventure, drop by during our adoption viewing hours to meet Ronny! They are 2-6pm Monday through Friday and 12-3pm Saturdays and Sundays. 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!  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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