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Halifax (HRM) Residential Market Statistic Update For Week of October 22nd 2015 - October 29th 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 257 (240, 265, 328, 553) *312 Sold: 118 (106, 87, 117, 129) *97 Sale To Listing Ratio: 46% (44%, 33%, 36%, 23%) *31% Price Changes: 274 (289, 215, 243, 295) Listings that went conditional/pending: 107 (124, 113, 144, 145) *122 Expired/Cancelled/Withdrawn: 428 (208, 161, 344, 321) *129 Total Active Halifax/Dartmouth Inventory: 5,667 (5,668, 5,693, 5,720, 5,729) *5,441 Absorption Rate in weeks: 53 (52, 49, 45, 46) 55 Single Family Home Stats Active Single Family Home: 3,792 (3,817, 3,822, 3,860, 3,869) *3,592 Average Single Family Home List Price: $274,213 ($291,176, $255k,, $250k, $289k) *$276k Average Single Family Home Selling Price: $263,215 ($269k, $243k, $242k, $280k) *$267k Single Family Home Sale to List Ratio This Week: 96% (92%, 95%, 97%, 96%) *97% Median Single Family Home List Price: $254,900 ($258k, $245k, $250k, $282k) Median Single Family Home Sold Price: $260,600 ($241k, $228k, $248k, $257k) Average Days on Market Single Family Home: 85 (87, 113, 71, 157) *104 Condo Stats Active Condos: 466 (468, 475, 461, 474) *492 Average Condo Listing Price: $286,016 ($323k, $243k, $262k, $291k) *$266k Average Condo Selling Price: $278,689 ($316k, $230k, $251k, $280k) *$254k Condo Sale to List Ratio This Week: 97% (98%, 91%, 96%, 96%) *96% Median Condo List Price: $239,900 ($300k, $240k, $240k, $233k) Median Condo Sold Price: $229,000 ($289k, $226k, $229k, $225k) Average Days on Market Condos: 115 (90, 101, 92, 150) *119 Active Vacant Lots: 1,101 (1,084, 1,108, 1,102, 1,083) *1,018 MARKET RANT Maybe there is some early Halloween tricks being played on the market this week, as the stats seem a little bit out of whack. What appears to start off as a solid week, ends up turning into quite the opposite if you look close enough. Although new listings were marginally average, sales were solid, giving the sales to list ratio a healthy report (one of the highest in a long time actually). Then you get to the other numbers. A whopping 428 properties expired/cancelled/or withdrew from the market this week, that's a big chuck of stale inventory. Despite the loss which should have improved our standing, between the limited additions and lack of sales, and even with the huge retreat from the market, the overall inventory only reduced by 1 property... witchcraft? Still, the inventory gap continues to close, and there is noticeable improvements in activity across the board, although less this week then the last few months. Hopefully, both weather and market see an improvement in the short term, I know I'm personally looking forward to both. Thanks for stopping by and have a safe and Happy Halloween!  Hi, my name is Allan! THE WEEKLY ADOGTABLE Allan is a friendly, affectionate but shy boy who is looking for a new family to give him LOTS of TLC. When Allan first came to us, he was very scared to be in this new place. It took him a couple weeks to fully trust us and figure out that we are good people, and he's coming along so well. We are all very proud of him; he's meeting lots of new people and enjoys going on his walks. He's even figured out how to play - he loves his watermelon toy. Allan gets along nicely with other dogs, and having one in the home could be beneficial for his confidence. If you think your family is ready to take this handsome boy on, come on by today! 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.  The ViewPoint Realty Interactive Property Map 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. \Halifax (HRM) Residential Market Statistic Update For Week of October 15th 2015 - October 22nd 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 240 (265, 328, 553, 326) *326 Sold: 106 (87, 117, 129, 128) *108 Sale To Listing Ratio: 44% (33%, 36%, 23%, 39%) *33% Price Changes: 289 (215, 243, 295, 289) Listings that went conditional/pending: 124 (113, 144, 145, 140) *110 Expired/Cancelled/Withdrawn: 208 (161, 344, 321, 172) *130 Total Active Halifax/Dartmouth Inventory: 5,668 (5,693, 5,720, 5,729, 5,841) *5,485 Absorption Rate in weeks: 52 (49, 45, 46, 48) 52 Single Family Home Stats Active Single Family Home: 3,817 (3,822, 3,860, 3,869, 3,935) *3,625 Average Single Family Home List Price: $291,176 ($255k,, $250k, $289k, $267k) *$293k Average Single Family Home Selling Price: $268,731 ($243k, $242k, $280k, $256k) *$281k Single Family Home Sale to List Ratio This Week: 92% (95%, 97%, 96%, 96%) *96% Median Single Family Home List Price: $257,900 ($245k, $250k, $282k, $259k) Median Single Family Home Sold Price: $241,385 ($228k, $248k, $257k, $252k) Average Days on Market Single Family Home: 87 (113, 71, 157, 82) *101 Condo Stats Active Condos: 468 (475, 461, 474, 497) *505 Average Condo Listing Price: $322,750 ($243k, $262k, $291k, $360k) *$248k Average Condo Selling Price: $315,584 ($230k, $251k, $280k, $349k) *$237k Condo Sale to List Ratio This Week: 98% (91%, 96%, 96%, 97%) *96% Median Condo List Price: $299,450 ($240k, $240k, $233k, $236k) Median Condo Sold Price: $289,343 ($226k, $229k, $225k, $226k) Average Days on Market Condos: 90 (101, 92, 150, 145) *98 Active Vacant Lots: 1,084 (1,108, 1,102, 1,083, 1,097) *1,015 MARKET RANT Well that was quick! Feels like last week that the sun was shining and shorts were the clothing of choice, this week, jackets are must! Although the weather has turned on us, our market hasn't shared the same trend...yet. Still some property shoppers out there looking for "the right fit", and others that are looking to offload their properties. The overall inventory gap is starting to close with single family homes not too far from last years stats, and we actually have less condo products on the market this year than last. Things may be shaping up! Still, we have a while to go yet with the rest of the year, and I know there is quite a few people with fingers and toes crossed that momentum will carry, and hopefully increase. I'll be interested to see how the remainder of the year goes, that's for sure. Thanks for stopping by!  THE WEEKLY ADOGTABLE Newly arrived to Good Bones Dog Rescue is Freya. She is spayed, micro chipped, and up to date on vaccines and CAT FRIENDLY. Frieda loves attention and is so affectionate. She loves belly rubs . Walks well on her freedom a harness but does jump up to greet so we will need to tweak this. This "cuddly companion" is available through Good Bones 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 October 8th 2015 - October 15th 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 265 (328, 553, 326, 305) *306 Sold: 87 (117, 129, 128, 130) *94 Sale To Listing Ratio: 33% (36%, 23%, 39%, 43%) *31% Price Changes: 215 (243, 295, 289, 337) Listings that went conditional/pending: 113 (144, 145, 140, 141) *99 Expired/Cancelled/Withdrawn: 161 (344, 321, 172, 179) *143 Total Active Halifax/Dartmouth Inventory: 5,693 (5,720, 5,729, 5,841, 5,835) *5,516 Absorption Rate in weeks: 49 (45, 46, 48, 46) 49 Single Family Home Stats Active Single Family Home: 3,822 (3,860, 3,869, 3,935, 3,933) *3,651 Average Single Family Home List Price: $255,365 ($250k, $289k, $267k, $301k) *$302k Average Single Family Home Selling Price: $242,447 ($242k, $280k, $256k, $290k) *$290k Single Family Home Sale to List Ratio This Week: 95% (97%, 96%, 96%, 96%) *96% Median Single Family Home List Price: $244,900 ($250k, $282k, $259k, $262k) Median Single Family Home Sold Price: $227,500 ($248k, $257k, $252k, $250k) Average Days on Market Single Family Home: 113 (71, 157, 82, 118) *87 Condo Stats Active Condos: 475 (461, 474, 497, 494) *508 Average Condo Listing Price: $252,736 ($262k, $291k, $360k, $244k) *$248k Average Condo Selling Price: $230,374 ($251k, $280k, $349k, $238k) *$240k Condo Sale to List Ratio This Week: 91% (96%, 96%, 97%, 97%) *97% Median Condo List Price: $240,000 ($240k, $233k, $236k, $234k) Median Condo Sold Price: $226,000 ($229k, $225k, $226k, $225k) Average Days on Market Condos: 101 (92, 150, 145, 144) *110 Active Vacant Lots: 1,108 (1,102, 1,083, 1,097, 1,093) *1,017 MARKET RANT I do believe we had bit of an interruption this week. Hello everyone, and thanks for stopping by! Thanksgiving is a wonderful time of year, where the turkey comes plentiful, and the gravy flows abundantly. Unfortunately, this keeps buyers and sellers at bay to commence their usual activity. Annually, this week is always a slow performer, being bested by the other holiday that grinds most things to a halt...Christmas. New listings are significantly down this week, and again, the interesting stand out of the stats this week is the lower than average list/sale prices. It seems, for the second week in a row, that the most common thing moving right now is properties at the starter home price point. While most people are starting to pack there listings in for the season, the dwindling competition and renewed activity may make it a strategic time to consider listing. I do think however, that a competitive price point is, and continues to be, the strategy that allows the neglect of such market influences.  "What sound does a butterfly make again??" THE WEEKLY ADOGTABLE Hello, my name is Maia! I am around 6 years old and am a super happy girl! I currently weigh 70 pounds so would like a family that will give me lots of exercise to help me lose some weight! I love to go for walks and play with my toys. I will do well with an active family with a confident owner that has experience with bigger dogs. I am anxious around smaller dogs, especially when they bark at me! I will need a family that understands I may not be able to be around all other dogs and will help me work on this issue! I know sit, paw, down, and to go to my mat. I love to work and learn! Come meet me today! 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.  The ViewPoint Realty Interactive Property Map 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 October 1st 2015 - October 8th 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 328 (553, 326, 305, 302) *418 Sold: 117 (129, 128, 130, 109) *100 Sale To Listing Ratio: 36% (23%, 39%, 43%, 36%) *24% Price Changes: 243 (295, 289, 337, 268) Listings that went conditional/pending: 144 (145, 140, 141, 128) *113 Expired/Cancelled/Withdrawn: 344 (321, 172, 179, 137) *132 Total Active Halifax/Dartmouth Inventory: 5,720 (5,729, 5,841, 5,835, 5,857) *5,564 Absorption Rate in weeks: 45 (46, 48, 46, 45) 46 Single Family Home Stats Active Single Family Home: 3,860 (3,869, 3,935, 3,933, 3,958,) *3,692 Average Single Family Home List Price: $250,196 ($289k, $267k, $301k, $297k) *$310k Average Single Family Home Selling Price: $241,565 ($280k, $256k, $290k, $285k) *$295k Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 96%, 96%) *95% Median Single Family Home List Price: $249,900 ($282k, $259k, $262k, $260k) Median Single Family Home Sold Price: $248,00 ($257k, $252k, $250k, $250k) Average Days on Market Single Family Home: 71 (157, 82, 118, 101) *104 Condo Stats Active Condos: 461 (474, 497, 494, 501) *511 Average Condo Listing Price: $261,700 ($291k, $360k, $244k, $241k) *$246k Average Condo Selling Price: $251,322($280k, $349k, $238k, $233k) *$239k Condo Sale to List Ratio This Week: 96% (96%, 97%, 97%, 97%) *97% Median Condo List Price: $239,900($233k, $236k, $234k, $225k) Median Condo Sold Price: $229,000 ($225k, $226k, $225k, $215k) Average Days on Market Condos: 92 (150, 145, 144, 97) *117 Active Vacant Lots: 1,102 (1,083, 1,097, 1,093, 1,086) *1,017 MARKET RANT Looks like the "fall " into October has continued it's annual trend. Hello everyone, and thank you for stopping by the Halifax Real Estate Blog.ca! With fewer listing additions, and more products expiring and coming off the market, the current state of affairs is actually reflecting in a positive manner. The absorption rate came down, accepted offers are up, and sales have brought the sales to list ratio back up to the rough average of the better selling weeks of the year. Of course, it does seem that the entry level product is selling more so than the luxury palaces, but this has been the trend in the past few weeks (as you can tell by the significantly lower average selling prices). Activity has stayed positive in the third quarter of the year, and it does;t look like it's about to slow anytime soon.  "Grant" him a second chance? THE WEEKLY ADOGTABLE Grant is a young and handsome boy who is looking for a quiet, yet active family to spend the rest of his days with! Grant loves to play; his toys never last long so his new family should be sure to stock up! His new family will have to take it slow when introducing him with new people, but he is coming around here very nicely. Grant will need to be enrolled in obedience classes upon adoption to ensure that a solid, trusting foundation can be made with his new owners. We are recommending he be in a home with children over the age of 15, just where he can be a little nervous. Grant has met dogs that he has, and has not liked - further socialization will need to be done before introducing him to new dogs. No kitties for this boy either! 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.  The ViewPoint Realty Interactive Property Map 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 24th - October 1st 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 553 (326, 305, 302, 279) *407 Sold: 129 (128, 130, 109, 125) *123 Sale To Listing Ratio: 23% (39%, 43%, 36%, 45%) *30% Price Changes: 295 (289, 337, 268, 266) Listings that went conditional/pending: 145 (140, 141, 128, 141) *107 Expired/Cancelled/Withdrawn: 321 (172, 179, 137, 293) *340 Total Active Halifax/Dartmouth Inventory: 5,729 (5,841, 5,835, 5,857, 5,830) *5,530 Absorption Rate in weeks: 46 (48, 46, 45, 44) Single Family Home Stats Active Single Family Home: 3,869 (3,935, 3,933, 3,958, 3,938) *3,684 Average Single Family Home List Price: $289,846 ($267k, $301k, $297k, $293k) *$284k Average Single Family Home Selling Price: $279,564 ($256k, $290k, $285k, $278k) *$272k Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 96%, 95%) *96% Median Single Family Home List Price: $282.400 ($259k, $262k, $260k, $260k) Median Single Family Home Sold Price: $256,500 ($252k, $250k, $250k, $248k) Average Days on Market Single Family Home: 157 (82, 118, 101, 104) *118 Condo Stats Active Condos: 474 (497, 494, 501, 484) *507 Average Condo Listing Price: $290,709 ($360k, $244k, $241k, $246k) *$248k Average Condo Selling Price: $279,595 ($349k, $238k, $233k, $238k) *$241k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 96%) *97% Median Condo List Price: $233,000($236k, $234k, $225k, $230k) Median Condo Sold Price: $224,500 ($226k, $225k, $215k, $223k) Average Days on Market Condos: 150 (145, 144, 97, 97) *109 Active Vacant Lots: 1,083 (1,097, 1,093, 1,086, 1,097) *1,005 MARKET RANT Hope everyone has remembered to bookmark halifaxrealestateblog.ca! Looks like the final blows have been dealt, and the market is ready to follow annual trend to the mat. All areas have reduced this week, significantly, signalling the slow decline into the fall/winter market. Activity overall has declined (exception being new additions, which is abnormally high this week), but even with amount of new additions this week, inventory is still on the downward trend. Values remain strong this week, but well below that of the spring and summer market, and seem to remain on the market longer than average. I would say that's because the listings currently active have waited out the spring/summer market, and where some choose to pull form the competition, some decide to stick around. The ones that do decide to keep the selling fire lit may find themselves in a position that they had hoped for, or at the least, a renewed hope of activity. Thanks for stopping by!  You're my boy blue!! THE WEEKLY ADOGTABLE Blue is a young, active dog searching for a home to call his own. He would LOVE a family that can take him on lots of adventures, as he loves the outdoors. Blue's new family will need to enrol him in obedience classes upon adoption. This will ensure that he learns proper manners, and that his new family can handle anything that comes their way! Blue has yet to be tested with dogs, but if you have a current dog feel free to arrange a meeting with us! He can be quite jumpy and mouthy, so we ask that he be homed with children over the age of 12. This big boy has lots of love to give, and can't wait to share it with you!. 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.  The ViewPoint Realty Interactive Property Map 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 |
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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