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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 265 (231, 222, 225) *190 Sold: 105 (119, 111, 91) *112 Sale To Listing Ratio: 40% (52%, 50%, 40%) *59% Price Changes: 143 (103, 102, 80) *83 Listings that went conditional/pending: 150 (134, 135, 124) *104 Expired/Cancelled/Withdrawn: 47 (46, 79, 79) *57 Total Active Halifax/Dartmouth Inventory: 1,547 (1,504, 1,477, 1,407) *1,368 Absorption Rate in weeks: 15 (*) *12 Single Family Home Stats Active Single Family Home: 808 (776, 761, 707) *708 Average Single Family Home List Price: $560,594 ($506k,$507k,$584k) *$470k Average Single Family Home Selling Price: $565,557 ($523k, $516k, $578k) *$463k Single Family Home Sale to List Ratio This Week: 103% (103%, 102%, 99%) *99% Median Single Family Home List Price (6 mo):$529,250 ($529k, $530k, $500k) *$460k Median Single Family Home Sold Price(6 mo):$542,819 ($541k, $545k, $520k)*$510k Average Days on Market Single Family Home: 29 (26, 24, 50) *28 Condo Stats Active Condos: 122 (117, 115, 110) *108 Average Condo Listing Price: $480,868 ($490k, $532k, $388k) *$427k Average Condo Selling Price: $479,491 ($524k, $530k, $390k) *$409k Condo Sale to List Ratio This Week: 107% (107%, 99%, 100%) *96% Median Condo List Price (6 mo): $424,950 ($425k, $425k, $415k) *$384k Median Condo Sold Price (6 mo): $430,000 ($430k, $430k, $415k) *$408k Average Days on Market Condos: 25 (27, 22, 26) *28 Active Vacant Lots: 436 (428, 423, 417) *403 Market Rant Another week of inventory growth this week, marking the 4th week in a row that we have gained products in HRM. As mentioned in previous posts, this time of year usually has a slow drain of available stock as we cruise towards the end of the year, but this year seems to be reporting quite differently from previous market years, which may further indicate the continuation of our cooling market. A healthy addition of new arrivals to the market certainly helped things along this week, as Sellers try to take advantage of the remaining market, and possibly have their sale done prior to the holiday season. Buyers are also quite active so it would seem, with a higher than normal pending offer rate, there definitely appears to be more engagement from buyers in the current market. A whole whack of price corrections this week may have also contributed in enticing buyers back to market, as many areas outside of the core continue to soften as sellers adjust to meet the changes. The absorption rate made a return to the blog this week, and during the month long vacancy for numbers to catch up, there has been a surprising 5 week gain in that short time.. The strange reverse inventory trend is likely lending to this report, but to gain 5 weeks on this stat in such a short time definitely indicates something larger is at play here. It will be interesting to see how the last quarter of the market season performs, we may end up seeing an entirely new face to the Halifax real estate market come 2024. Time will tell and I have you covered! Be sure to check in from time to time, and 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 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: 231 (222, 225) *235 Sold: 119 (111, 91) *105 Sale To Listing Ratio: 52% (50%, 40%) *45% Price Changes: 103 (102, 80) *114 Listings that went conditional/pending: 134 (135, 124) *140 Expired/Cancelled/Withdrawn: 46 (79, 79) *67 Total Active Halifax/Dartmouth Inventory: 1,504 (1,477, 1,407) *1,335 Absorption Rate in weeks: * (*) *12 Single Family Home Stats Active Single Family Home: 776 (761, 707) *706 Average Single Family Home List Price: $506,205 ($507k,$584k) *$543k Average Single Family Home Selling Price: $523,018 ($516k, $578k) *$539k Single Family Home Sale to List Ratio This Week: 103% (102%, 99%) *99.9% Median Single Family Home List Price (6 mo):$529,000 ($530k, $500k) *$460k Median Single Family Home Sold Price(6 mo):$541,000 ($545k, $520k)*$521k Average Days on Market Single Family Home: 26 (24, 50) *21 Condo Stats Active Condos: 117 (115, 110) *94 Average Condo Listing Price: $490,324 ($532k, $388k) *$390k Average Condo Selling Price: $523,876 ($530k, $390k) *$388k Condo Sale to List Ratio This Week: 107% (99%, 100%) *99% Median Condo List Price (6 mo): $425,000 ($425k, $415k) *$375k Median Condo Sold Price (6 mo): $430,000 ($430k, $415k) *$413k Average Days on Market Condos: 27 (22, 26) *46 Active Vacant Lots: 428 (423, 417) *389 Market Rant Yet another surprising week of inventory gain! Even small increases are a surprise this time of year, as the usual trend is to see products retreat from the market and continue the decent all the way until the Holiday season. Buyer activity remained decent again this week, but just mediocre, which is quite normal for this time of year. Lots of price reductions around the city, mostly at the higher price points and rural areas, but values continue to adjust and find a landing in the new market. Values overall continue to stabilize, but figuring out what area and price points have found that solid group remains elusive. Turn-key property is still commanding the most action, with the opposite condition not getting as much love as its counterpart, and even settling around or even below asking price in competitive markets. It is a really interesting time, that's for sure. Sellers used to hold all the aces at the table, but it seems to be getting down to pairs, sometimes even a bluff! There is still the underpriced and mostly turn-key properties that are seeing big overbids, but a lot of buyers have lost the appetite to compete, and have become more relaxed to wait it out as they know more options will soon arrive to market. Time will tell if the long play is the way to go here, or if taking a bite out of the current market is the way to go. In either case, I have you covered, so be sure to 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 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 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: 222 (225) *235 Sold: 111 (91) *105 Sale To Listing Ratio: 50% (40%) *45% Price Changes: 102 (80) *114 Listings that went conditional/pending: 135 (124) *140 Expired/Cancelled/Withdrawn: 79 (79) *67 Total Active Halifax/Dartmouth Inventory: 1,477 (1,407) *1,335 Absorption Rate in weeks: * (*) *12 Single Family Home Stats Active Single Family Home: 761 (707) *706 Average Single Family Home List Price: $507,055 ($584k) *$543k Average Single Family Home Selling Price: $515,601 ($578k) *$539k Single Family Home Sale to List Ratio This Week: 102% (99%) *99.9% Median Single Family Home List Price (6 mo):$529,949 ($500k) *$460k Median Single Family Home Sold Price(6 mo):$545,000 ($520k)*$521k Average Days on Market Single Family Home: 24 (50) *21 Condo Stats Active Condos: 115 (110) *94 Average Condo Listing Price: $531,469 ($388k) *$390k Average Condo Selling Price: $529,723 ($390k) *$388k Condo Sale to List Ratio This Week: 99% (100%) *99% Median Condo List Price (6 mo): $425,000 ($415k) *$375k Median Condo Sold Price (6 mo): $430,000 ($415k) *$413k Average Days on Market Condos: 22 (26) *46 Active Vacant Lots: 423 (417) *389 Market Rant Nice to see some new additions to the market this week! With single family homes leading the charge, there was a 70 unit gain this overall, which is rather surprising given the time of year. Usually, inventory tapers off by this time, and continues to do so until New Years Eve day, ending with the lowest count of the year. With prices cooling and options becoming more available, the Sellers market doesn't have as much bite as it used to, but still packs a punch in certain areas and price points. You could argue that there are other areas and certain price points of the municipality that are in a balanced market, thanks to a cushion of $800k+ stock hanging around, however. The first time home buyer price point is still red hot in most areas of the city, but even that sector is starting to see less activity, unless it is turn-key of course. Interest in the market has temporarily faded a bit, but that can be a seasonal trend factor. This time last year did see many similar statistics, in fact, they look eerily similar this week. Look for things to pick up a bit near the end of the month, then remain steady for October as folks make their final push before the holiday season. For now, the market pushes on, even if it is not the firework show that was the pandemic market. Thanks for stopping by, and be sure to stay tuned to the blog to stay on top of the market here in Halifax! 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 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: 225 () *189 Sold: 91 () *112 Sale To Listing Ratio: 40% () *59% Price Changes: 80 (6) *84 Listings that went conditional/pending: 124 () *127 Expired/Cancelled/Withdrawn: 79 () *97 Total Active Halifax/Dartmouth Inventory: 1,407 () *1,312 Absorption Rate in weeks: * () *10 Single Family Home Stats Active Single Family Home: 707 () *679 Average Single Family Home List Price: $584,045 () *$475k Average Single Family Home Selling Price: $577,889 () *$475k Single Family Home Sale to List Ratio This Week: 99% () *99.9% Median Single Family Home List Price (6 mo):$499,900 () *$460k Median Single Family Home Sold Price(6 mo):$520,000 ()*$521k Average Days on Market Single Family Home: 50 () *22 Condo Stats Active Condos: 110 () *90 Average Condo Listing Price: $387,922 () *$337k Average Condo Selling Price: $389,633 () *$340k Condo Sale to List Ratio This Week: 100.1% () *101% Median Condo List Price (6 mo): $414,950 () *$375k Median Condo Sold Price (6 mo): $415,000 () *$420k Average Days on Market Condos:26 () *22 Active Vacant Lots: 417 () *388 Market Rant It was right around this time last year that confirmation of the market correction was underway. A perfect storm of inflation curbing measures, annual trend, and the natural conclusion to the booming market, supercooled the freight train that was the "Pandemic" market. Since then, there was a swift correction in values across the board, and the property selling amounts met listing prices for the first time in almost two years. Once that happened, values stabilized and started to rise again as buyers returned to market with more confidence. Overbids did cool temporarily, but returned in the first half of this years market. Summer fell into it's usual sleepy activity reports, and continues to do so as the school season ramps up. Inventory has slowly crept up, but with waves of buyer activity, there has not been a ton of recovery. Demand still surges for anything under $500k, but there now seems to be a bit of cushioning for anything over $800k thanks to a healthy availability of new construction and listings priced at this marker that may be geared for a different market. Notes from this week include sizeable decreases in values overall, including the six month median prices, the climbing days on market stat, and a single family home weekly sales report that actually hit below the average listing price! Interesting time of year to be a buyer, with remnant inventory from the Summer and perhaps a little less competition due to the season, there may just be an opportunity out there! The return to school does tend to have an impact on the first half of September, so time may be a factor here. Still lots of gas in the tank, so be sure to 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 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 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.. 
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