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Halifax (HRM) Residential Statistic Update for the Week of September 19th - 26th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 207 (265, 277, 246, 245) *285 Sold: 189 (192, 149, 147, 158) *174 Sale To Listing Ratio: 91% (72%, 54%, 60%, 65%) *61% Price Changes: 124 (132, 121, 140, 115) *172 Listings that went conditional/pending: 187 (208, 168, 189, 194) *164 Expired/Cancelled: 57 (66, 71, 141, 67) *127 Total Active Halifax/Dartmouth Inventory: 3,094 (3,139, 3,157, 3,132, 3,194) +4,030 Absorption Rate in weeks: 18 (19, 19, 19, 18) *27 Single Family Home Stats Active Single Family Home: 1,685 (1,716, 1,751, 1,744, 1,775) *2,258 Average Single Family Home List Price: $330,615 ($351k,$318k,$333k,$327k) *$308k Average Single Family Home Selling Price: $323,449 ($342k,$312k,$327k,$321k) *$299k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $308,500 ($309k,$309k,$306k,$305k)*$290k Median Single Family Home Sold Price (6 mo):$302,400($303k,$303k,$302k,$300k)*$282k Average Days on Market Single Family Home: 52 (54, 86, 60, 53) *53 Condo Stats Active Condos: 210 (220, 213, 205, 203) *329 Average Condo Listing Price: $255,849 ($275k, $285k, $293k, $280k) *$213k Average Condo Selling Price: $249,316 ($267k, $276k, $287k, $276k) *$206k Condo Sale to List Ratio This Week: 98% (98%, 97%, 98%, 98%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $244,450 ($243k, $244k, $243k, $243k) *$221k Average Days on Market Condos: 34 (46, 68, 27, 114) *79 Active Vacant Lots: 936 (930, 916, 946, 937) *1,071 Market Rant Another good week of inventory reduction this week that almost pushed the spread to a 1000 product unit difference from last year to now, pretty impressive. There was a time during the Summer that appeared as though the inventory gap would narrow, and possibly close between the two years, but as the year pressed on it is now more evident than ever that it's not going to happen. This reduction could have been helped a bit by the below average new listing additions, solid sales report and relentless buyer activity, although you would expect a bit of balance from the fewer listings that retreated from the market this week compared to last, but that is also not the case. Because of the lack of listings this week, the sales to list ratio smashed a record with and whopping 91% showing, and reduced the absorption rate to 18 weeks, something that isn't common around this time of year. Values stabilized this week, and we actually witnessed the reversal of the surging single family home 6 month median price reduce for the first time since the Spring. Now, it was a small reduction, but it was still a reduction none the less. Rewind to February and the median price for SFH's reported roughly $20k less across a six month spread, which is no small stat based on that large of a window. Condo's also felt the increase as well, with a $20k variance in value from last year at this time. There was a couple key weeks later in the Spring that contributed to the value surge, and I reported on the incredible amount increase in key times of the Summer, sometimes by $5k in a single week! This was also the first year that the SFH 6 month median list and sales reported over $300k historically, and for this length. Values tend to trend in the upwards direction, so it will be surprising to see Halifax dip below the $300k mark again, but stay tuned to see if the pending Fall and Winter months have anything to say about it. Thanks for stopping by! The Weekly Adogtable!! This big guy is looking for a new place to call home. He can be a bit nervous at first, especially with men. However, give him some time and he will be asking you for some affection and treats as he sits and gives you a paw! Vito enjoys toys, in particular ones with a good squeak! If you are interested in meeting Vito, he is waiting for you to take him for a walk. This "cuddly companion" is available through the Nova Scotia SPCA, 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 September 12th - 19th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 265 (277, 246, 245, 286) *280 Sold: 192 (149, 147, 158, 209) *167 Sale To Listing Ratio: 72% (54%, 60%, 65%, 73%) *60% Price Changes: 132 (121, 140, 115, 168) *163 Listings that went conditional/pending: 208 (168, 189, 194, 198) *176 Expired/Cancelled: 66 (71, 141, 67, 89) *111 Total Active Halifax/Dartmouth Inventory: 3,139 (3,157, 3,132, 3,194, 3,216) +4,026 Absorption Rate in weeks: 19 (19, 19, 18, 17) *28 Single Family Home Stats Active Single Family Home: 1,716 (1,751, 1,744, 1,775, 1,816) *2,283 Average Single Family Home List Price: $351,008 ($318k,$333k,$327k,$332k) *$304k Average Single Family Home Selling Price: $342,069 ($312k,$327k,$321k,$324k) *$295k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $309,000 ($309k,$306k,$305k,$305k)*$290k Median Single Family Home Sold Price (6 mo):$303,000($303k,$302k,$300k,$302k)*$283k Average Days on Market Single Family Home: 54 (86, 60, 53, 58) *56 Condo Stats Active Condos: 220 (213, 205, 203, 196) *328 Average Condo Listing Price: $275,011 ($285k, $293k, $280k, $287k) *$322k Average Condo Selling Price: $269,676 ($276k, $287k, $276k, $278k) *$314k Condo Sale to List Ratio This Week: 98% (97%, 98%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,000 ($244k, $243k, $243k, $240k) *$221k Average Days on Market Condos: 46 (68, 27, 114, 60) *105 Active Vacant Lots: 935 (930, 916, 946, 937) *1,067 Market Rant Now why can't the weather be as hot as the market right now? What looked like the start of the annual activity reduction trend has turned a bit on its heals, generating a bit more action as head into the Fall. Although it was a fairly average new listing week, sales had solid showing, but the big stat of the week is the amount of properties that received and accepted offers this week, showcasing that buyers are not done yet! There was a feeling in the market this week that had ramped up again, and seeing the numbers this week just confirms it. There does seem to be an end of Summer surge annually though, which may be assisted by the school year. Seems coincidental that there is a lack of activity across the board around the beginning of September when school starts, only to pick up again in full force a week or two later. So another strong end to the Summer, I just wish it wasn't over so quickly! Thanks for stopping by! The Weekly Adogtable!! Layla was surrendered as she liked to eat the baby's toys. This sweet girl knows her basic obedience, walks well on leash and is good with other dogs. She is energetic, playful, affectionate and loves to cuddle! She loves to play ball and go for walks. She is also crate trained. Layla likes to jump on people initially to say hi, but is learned to keep her paws on the ground. She is being fostered with another dog and a cat. 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 September 5th - 12th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 277 (246, 245, 286, 273) *227 Sold: 149 (147, 158, 209, 154) *141 Sale To Listing Ratio: 54% (60%, 65%, 73%, 56%) *62% Price Changes: 121 (140, 115, 168, 123) *161 Listings that went conditional/pending: 168 (189, 194, 198, 198) *165 Expired/Cancelled: 71 (141, 67, 89, 128) *89 Total Active Halifax/Dartmouth Inventory: 3,157 (3,132, 3,194, 3,216, 3,257) +4,031 Absorption Rate in weeks: 19 (19, 18, 17, 18) *29 Single Family Home Stats Active Single Family Home: 1,751 (1,744, 1,775, 1,816, 1,852) *2,288 Average Single Family Home List Price: $317,793 ($333k,$327k,$332k,$362k) *$336k Average Single Family Home Selling Price: $312,181 ($327k,$321k,$324k,$354k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $308,500 ($306k,$305k,$305k,$304k)*$290k Median Single Family Home Sold Price (6 mo):$302,500($302k,$300k,$302k,$300k)*$283k Average Days on Market Single Family Home: 86 (60, 53, 58, 55) *67 Condo Stats Active Condos: 213 (205, 203, 196, 210) *330 Average Condo Listing Price: $285,229 ($293k, $280k, $287k, $249k) *$254k Average Condo Selling Price: $275,670 ($287k, $276k, $278k, $243k) *$244k Condo Sale to List Ratio This Week: 97% (98%, 98%, 97%, 98%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,450 ($243k, $243k, $240k, $240k) *$221k Average Days on Market Condos: 68 (27, 114, 60, 50) *122 Active Vacant Lots: 930 (916, 946, 937, 939) *1,069 Market Rant Well that's a bit peculiar. The usual trend around this time of year has the inventory declining week to week, until it hits the lowest point of the year, which is usually around the last week of the year. However, this week decided to buck that trend by increasing in volume across all tracked products! Certainly interesting, especially with a hurricane that should have halted most activity for the week, when in fact, the market activity hardly skipped a beat! With sellers listing, buyers buying, and other buzzing activity going on, it goes to show that there doesn't seem to be much that is going to stop this market anytime soon, or is there? There are cracks in the veneer starting to show, with a slight reduction in the current week values, and days on market took a bump as well, but could those be regular attributes of the annual trend, or are they indicators that a bit more is happening? The market reports like a snake on the move; you may see the head of it right away, but you really don't get to see the overall size of it until the rest of the body catches up. So too is the market, where historical data can be marched to current reports to compare change, but the impact of the current report isn't measured until time has passed to solidify the change. So make sure you keep tuned to the Halifax Real Estate Blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable!! Myers is a pretty friendly, happy-go-lucky dude. He was surrendered because of his skin allergies, but with a good quality food - his skin is coming around nicely! Myers just LOVES to play with other dogs, ignores cats and really enjoys going for walks. He is a vocal, happy boy that is energetic, and loves to chew on his chew toys and bones. Myers understands french commands, so will need help learning the english ones. 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 August 29th - September 5th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 246 (245, 286, 273, 270) *208 Sold: 147 (158, 209, 154, 198) *126 Sale To Listing Ratio: 60% (65%, 73%, 56%, 73%) *61% Price Changes: 140 (115, 168, 123, 167) *143 Listings that went conditional/pending: 189 (194, 198, 198, 204) *135 Expired/Cancelled: 141 (67, 89, 128, 134) *201 Total Active Halifax/Dartmouth Inventory: 3,132 (3,194, 3,216, 3,257, 3,263) +4,027 Absorption Rate in weeks: 19 (18, 17, 18, 17) *27 Single Family Home Stats Active Single Family Home: 1,744 (1,775, 1,816, 1,852, 1,858) *2,287 Average Single Family Home List Price: $333,395 ($327k,$332k,$362k,$338k) *$333k Average Single Family Home Selling Price: $327,024 ($321k,$324k,$354k,$328k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $306,000 ($305k,$305k,$304k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$302,000($300k,$302k,$300k,$290k)*$282k Average Days on Market Single Family Home: 60 (53, 58, 55, 51) *66 Condo Stats Active Condos: 205 (203, 196, 210, 213) *331 Average Condo Listing Price: $292,773 ($280k, $287k, $249k, $250k) *$256k Average Condo Selling Price: $287,213 ($276k, $278k, $243k, $244k) *$249k Condo Sale to List Ratio This Week: 98% (98%, 97%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,000 ($243k, $240k, $240k, $241k) *$223k Average Days on Market Condos: 27 (114, 60, 50, 38) *74 Active Vacant Lots: 916 (946, 937, 939, 937) *1,067 Market Rant It's getting closer to the 1000 unit gap spread by the week! We hit just shy of 900 less products on the market this week compared to last, which doesn't seem like a lot, but the overall inventory reported a mere 4k last year an even more measly 3k this year (respectively), so to have such a drastic reduction over a years time is quite significant. There's not one specific product you can point a direct finger at, as they are all taking reductions, well, maybe the vacant land stat hasn't changed that much haha. New and back to market listings turned it up a notch this week for the time of year, but they were also met with a just as healthy sales and buyer activity report. A few more listings tham normal that pulled from the market this week, but I would imagine that the new school year and end of Summer may have something to do with it. Something else that may skew the numbers this week is the pending storm. If you haven't heard, there is a possible category 1 hurricane set to graze Halifax and cross over the province on Saturday, so home shopping may be put on hold this weekend. Between the storm, and back to school, I anticipate a fairly slow week on the market this week, but you never know! Stay tuned to the blog to see if there is really any changes, and stay safe out there! Thanks for stopping by! The Weekly Adogtable!! Kelly was surrendered as her family did not have time for her between their busy schedules and her energy requirements. Kelly is relaxed with all physical manipulations, is affectionate and excitable with people she knows, but is fearful of strangers initially. This sweet girl needs someone who will go slow with her as she has learned life can be a pretty scary place. She growls at other dogs (likely a lack of socialization), is playful with toys, hardly barks and is crate trained. No small animals for Kelly and she is presently terrified of children. Kelly will need basic obedience training. 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 |
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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