(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 343 (367, 351, 322, 334) *207
Sold:  226  (270, 221, 248, 250) *189
Sale To Listing Ratio: 66% (63%, 63%, 77%, 75%) *91%
Price Changes: 114 (140, 114, 111, 116) *124
Listings that went conditional/pending: 289 (317, 252, 297, 274)  *187
Expired/Cancelled/Withdrawn: 58 (60, 46, 65, 56) *57
Total Active Halifax/Dartmouth Inventory:  1,721  (1,741, 1,771, 1,793, 1,830) +3,094
Absorption Rate in weeks:  7 (7, 7, 7, 8) *18

Single Family Home Stats
Active Single Family Home: 827 (838, 872, 904, 916) *1,685
Average Single Family Home List Price:  $412,837 ($391k,$404k,$413k,$402k) *$331k
Average Single Family Home Selling Price:  $414,491 ($394k,$409k,$413k,$408k) *$324k
Single Family Home Sale to List Ratio This Week: 101%  (101%,101%,99%,101%) *98%
Median Single Family Home List Price (6 mo): $339,900 ($340k,$339k,$338k,$335k)*$309k
​Median Single Family Home Sold Price (6 mo):$345,000 ($344k,$342k,$340k,$338k)*$302k
Average Days on Market Single Family Home: 34 (34, 51, 48, 41) *52

Condo Stats
Active Condos:  162 (163, 159, 153, 164) *210
Average Condo Listing Price:  $286,204 ($268k, $289k, $289k, $249k$256k
Average Condo Selling Price: $297,555 ($272k, $289k, $286k, $257k) *$249k
Condo Sale to List Ratio This Week: 104% (100%, 100%, 99%, 101%) 98%
Median Condo List Price (6 mo): $259,900 ($260k, $270k, $270k, $270k) *$250k
Median Condo Sold Price (6 mo): $260,000 ($260k, $270k, $272k, $270k) *$245k
Average Days on Market Condos: 8 (18, 33, 30, 17)*34

Active Vacant Lots: 567 (568, 569, 571, 585) *936

Market Rant
Teddy seemed to put a stall on some activity this week, but by no means did it significantly impact the overall weekly report. Sure, we lost a couple days this week to the pending storm, but activity ramped right back up as soon as it had passed. Lots of new (and growing)  listings this week met with an almost unfazed group of buyers, as reflected by the conditional/pending stat, so it was almost business as usual despite having a Hurricane turned post tropical storm bear down on us. Values returned to their peaks this week as we enter the first week of the Fall, so only time will tell if we have hit the peak of the season by this time, or not. Any way you slice it, Summer had to have smashed some records in Real Estate this year, it truly has been an incredible market. Still, many await their turn to enter the Atlantic provinces, hoping someday soon the bubble will burst and they can plan their relocation. Until then, many people stand by to send another surge towards our housing market when it does happen, so tracing the impact of that event will prove interesting indeed, In the interim, stay tuned to the blog to stay on top of the current, and ever changing market. Thanks for stopping by, and stay safe out there! 

My name is Macy and I am a 6 year old Rottweiler/mastiff mix girl weighing around 90lbs. I was a local surrender and have been waiting over 4 months to find my forever home so I'm ready! 

I am good with adults and kids but I can get over excited and knowing my size could easily knock over little ones by accident. I had a cat with me in a home and we did okay but anything quick moving outside I will pull as hard as I can to go see them. I have seen dogs from a distance and will growl and lunge and pull to get to them so I am looking to be the only dog in the home and also make sure my family can handle my strength. 

I'm good on my leash when no distractions are around but have a hard time focusing when other animals go by. I am learning recall and will answer to my name and come immediately, again without distractions like animals and people. 

I am very energetic, I just had my ACL fixed and it does not slow me down one bit anymore. Since my recovery, I am getting very close to be able to run and dash with no more cracking coming from my back leg. I can also definitely be a couch potato just as much of a snuggle bug and play once I'm comfortable with someone. I had two incident inside the house while with foster dad but never again. 

Foster dad will brush my teeth, clip my nails and clean my ear and I just sit there without complaining, other than occasionally pulling my paw back. I am good in the car and I'm learning baths aren't scary either. I don’t really love being left alone but will be fine with it. I don't chew anything I'm not supposed to so don't need to be crated and if I'm being honest I really don't like them.

I do not touch tables or counters but will eat whatever you give me. Toys are now fun ! I have learned to play with chew toys, chase balls and play tug. I will answer to sit, down, paw, wait, up and look and will turn on my belly every time I'm laying down to ask for a belly rub.

Are you my forever home? 

My adoption fee is a $350 donation to help save more dogs like me. I am spayed and microchipped, and I have all my doggy papers to come home to you! You can apply for me at 
https://www.salcars.ca/adopt.

​This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, 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

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: 367 (351, 322, 334, 399) *265
Sold:  270  (221, 248, 250, 268) *192
Sale To Listing Ratio: 63% (63%, 77%, 75%, 67%) *72%
Price Changes: 140 (114, 111, 116, 123) *132
Listings that went conditional/pending: 317 (252, 297, 274, 294)  *208
Expired/Cancelled/Withdrawn: 60 (46, 65, 56, 123) *66
Total Active Halifax/Dartmouth Inventory:  1,741  (1,771, 1,793, 1,830, 1,875) +3,139
Absorption Rate in weeks:  7 (7, 7, 8, 8) *19

Single Family Home Stats
Active Single Family Home: 838 (872, 904, 916, 952) *1,716
Average Single Family Home List Price:  $391,168 ($404k,$413k,$402k,$376k) *$351k
Average Single Family Home Selling Price:  $394,344 ($409k,$413k,$408k,$381k) *$342k
Single Family Home Sale to List Ratio This Week: 101%  (101%,99%,101%,101%) *98%
Median Single Family Home List Price (6 mo): $339,900 ($339k,$338k,$335k,$333k)*$309k
​Median Single Family Home Sold Price (6 mo):$343,500 ($342k,$340k,$338k,$337k)*$303k
Average Days on Market Single Family Home: 34 (51, 48, 41, 43) *54

Condo Stats
Active Condos:  163 (159, 153, 164, 161) *220
Average Condo Listing Price:  $268,274 ($289k, $289k, $249k, $300k) *$275k
Average Condo Selling Price: $272,273 ($289k, $286k, $257k, $304k) *$269k
Condo Sale to List Ratio This Week: 100% (100%, 99%, 104%, 101%) 98%
Median Condo List Price (6 mo): $259,900 ($270k, $270k, $270k, $275k) *$250k
Median Condo Sold Price (6 mo): $260,000 ($270k, $272k, $270k, $273k) *$243k
Average Days on Market Condos: 18 (33, 30, 17, 22)*46

Active Vacant Lots: 568 (569, 571, 585, 588) *935

Market Rant
At first glance, it looks like there may be indications that the market is softening a touch, looking closer, however, you can see that is actually not the case at all. Some of the predicted items did perform as expected, like the continued addition solid new listing numbers and values taking a slight correction, but the waining buyer activity of last week did not carry forward this week since we hit a peak amount of properties under agreement, and sales crushed it too! Average days on market for both tracked products almost seems unreal, reporting in at a measly month from list to sale on average. A few short years ago, those numbers were in the the 100's, with only the last couple years cleaning that up to the short span of the listing/sale cycle we find ourselves in today. Gone however are the factors that caused these delays and extension of market exposure. Almost every listing out there is getting ideal buyer candidates, no homes to sell and ones that want to close yesterday, so quick closings and expedited due diligence timelines are almost expectations at this point.

A few short years ago, buyers would take time finding a place, likely offer lower (sometimes much lower) than asking, multiple offers where practically unheard of and over asking price offers? Forget about that kind of thing! One of the big problems we face is the second+ home groups who want to relocate or up/downsize their current accommodations. Sure, they could sell in seconds, but they really have limited options to purchase, just like everyone, but the key difference is the safety of SOBP, or Sale of Buyers Property, condition. This allows a seller who has their home ready to sell an opportunity to comfortably move from one step to the other without total risk of losing the home they have have an offer in on. This was acceptable in a buyers market, since sometimes a home would hit a stall and would look to other options in order to sell, and a domino sell my home / buy a home people could lock a property up and get some time to sell their home. In our current market 2.0 however, this undesirable condition for sellers has become almost extinct. Not only is it an undesirable condition for sellers to accept (most of the time, as they have to sit and wait for their buyers home to sell), the market is moving so quickly, that even if one of the domino groups were able to get a property under agreement with this condition, they would likely find themselves short of their timeline when the sellers opt for their escape clause, leaving the buyers somewhat out. It's risky, and can be accomplished, but it's much harder than a few short years ago. This is also a good reason why new construction has hit record heights this year, the ability to plan the move and have time. That's a topic for another day though! Thanks for stopping by, and stay safe out there!  

Meet Charleigh! No cats, kids or dogs in her home, although she gets along with dogs outside of her home, if proper introductions are done. Charleigh is afraid of loud noises and resource guards her food and toys with other dogs. She is good on leash, and knows her basic commands. She jumps up when she is excited and loves all the adults she has met. She is energetic, playful, and affectionate. She is crate trained and loves to go for car rides! 

​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

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!

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 351 (322, 334, 399, 332) *277
Sold:  221  (248, 250, 268, 231) *149
Sale To Listing Ratio: 63% (77%, 75%, 67%, 70%) *54%
Price Changes: 114 (111, 116, 123, 80) *121
Listings that went conditional/pending: 252 (297, 274, 294, 249)  *168
Expired/Cancelled/Withdrawn: 46 (65, 56, 123, 123) *71
Total Active Halifax/Dartmouth Inventory:  1,771  (1,793, 1,830, 1,875, 1,860) +3,157
Absorption Rate in weeks:  7 (7, 8, 8, 8) *19

Single Family Home Stats
Active Single Family Home: 872 (904, 916, 952, 934) *1,751
Average Single Family Home List Price:  $403,576 ($413k,$402k,$376k,$387k) *$318k
Average Single Family Home Selling Price:  $408,535 ($413k,$408k,$381k,$388k) *$312k
Single Family Home Sale to List Ratio This Week: 101%  (99%,101%,101%,101%) *98%
Median Single Family Home List Price (6 mo): $339,000 ($338k,$335k,$333k,$330k)*$308k
​Median Single Family Home Sold Price (6 mo):$342,000 ($340k,$338k,$337k,$335k)*$302k
Average Days on Market Single Family Home: 51 (48, 41, 43, 41) *86

Condo Stats
Active Condos:  159 (153, 164, 161, 155) *213
Average Condo Listing Price:  $288,574 ($289k, $249k, $300k, $326k) *$285k
Average Condo Selling Price: $288,504 ($286k, $257k, $304k, $327k) *$276k
Condo Sale to List Ratio This Week: 100% (99%, 104%, 101%, 100%) 97%
Median Condo List Price (6 mo): $269,900 ($270k, $270k, $275k, $275k) *$250k
Median Condo Sold Price (6 mo): $270,000 ($272k, $270k, $273k, $273k) *$244k
Average Days on Market Condos: 33 (30, 17, 22, 31)*68

Active Vacant Lots: 569 (571, 585, 588, 591) *930

Market Rant
It's back to school. this week, so now it's time to put my prediction to the test! Right out of the gate we do see some indications that I may be right, but it's hard to judge if it will stick with only one week in the books. If you are wondering what my prediction was, I basically put it out there that back to school would bring a sustained/increased level to the overall inventory, and a slight reduction in buyers, giving a bit of opportunity for the those in need of having to find a home. Although slight, this week was just that, but only time will tell if this was the marker for the turn, or just a slight pause in the action while students settle into their new normal. Another factor in this prediction is the approach the end of Summer, since September usually marks the end of the busy season, but I feel with the way this year has gone, regular annual trend is less of an influence. New listings reported much higher than last year at this time, and slightly better than the average of late, while sales hit a 4 week low (still excellent), and listings put under agreement also reported a similar 4 week low (also, still fantastic numbers). Either way, market activity was down (slightly), so we will need more time to see if it was a slight falloff, a change of the direction, or if correction has begun. Unfortunately for buyers, I believe we have lots of this market left to go, but there may be some more options this upcoming fall season, even if temporarily. Stay tuned to the blog to find out which way we go! Thanks for stopping by, and stay safe out there! 

Meet Odie! No cats, kids, dogs, or apartments for Odie. While Odie has been known to get along with other dogs, he gets overstimulated easily and tries to hump other dogs. Poor Odie was attacked by off leash dogs once, but was non reactive and has not shown any potential post-attack issues. Odie is affectionate, smart, and treat oriented! He has been known to resource guard the couch or the bed, but with structure and patience, he does well. He has been cornered and pushed around in a previous home, so is afraid in these circumstance and will growl to let you know he is frightened. Odie is good on leash, non destructive, and has no separation anxiety.

​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

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!