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Halifax (HRM) Residential Market Statistic Update for the Week of October 20th - 27th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 237 (299, 223, 321, 278) *257 Sold: 102 (111, 125, 139, 141) *118 Sale To Listing Ratio: 43% (37%, 56%, 43%, 51%) *46% Price Changes: 193 (222, 187, 226, 229) *274 Listings that went conditional/pending: 125 (155, 119, 139, 144) *107 Expired/Cancelled/Withdrawn: 130 (171, 119, 420, 130) *428 Total Active Halifax/Dartmouth Inventory: 5,085 (5,099, 5,133, 5,161, 5,368) *5,667 Absorption Rate in weeks: 43 (40, 38, 37, 44) *53 Single Family Home Stats Active Single Family Home: 3,162 (3,158, 3,210, 3,267, 3,433) *3,792 Average Single Family Home List Price: $286,069 ($293k, $287k, $336k, $344k) *$274k Average Single Family Home Selling Price: $274,424 ($283k, $278k, $323k) *$263k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 94%) *96% Median Single Family Home List Price (6 months): $274,900 ($275k, $275k, $287k, $282k) *$255k Median Single Family Home Sold Price (6 months): $267,000 ($268k, $268k, $270k, $267k) *$261k Average Days on Market Single Family Home: 91 (109, 112, 87, 96) *85 Condo Stats Active Condos: 491 (486, 488, 471, 477) *466 Average Condo Listing Price: $215,484 ($180, $170k, $308k, $315k) *$286k Average Condo Selling Price: $205,069 ($170k, $164k, $299k, $311k) *$279k Condo Sale to List Ratio This Week: 95% (94%, 96%, 97%, 98%) 97% Median Condo List Price (6 months): $236,450 ($239k, $240k, $320k, $305k) *240k Median Condo Sold Price (6 months): $228,250 ($231k, $235k, $308k, $303k) *229k Average Days on Market Condos: 110 (68, 31, 177, 81, 121) *115 Active Vacant Lots: 1,158 (1,156, 1,157, 1,145, 1,167) *1,101 Market Rant The market continues it's decent into the annual Fall trend this week, with average reporting on most aspects and products. New listings continue to report lower than the last few years, but sales seem to be a little lacklustre comparably. The strong showing from the sales to list ratio is in thanks to the minimal listing additions this week, but that didn't fool the absorption rate which added an additional 3 weeks to the tally. Overall it was a relatively uneventful week this week, while speculators held their breath to see what affect, if any, the new mortgage rules would have. I suppose you'll have to stay tuned to find out! Thanks for stopping by!  Make way for Dozer! WEEKLY ADOPTABLE Dozer is one of a kind! A loving, yet stubborn old man who's been stealing hearts from the moment he walked in. Dozer is faced with your typical senior moments here and there and he'd much rather a quiet home free of other pets. He would also like to mention he has a man-crush! So if you're single and ready to mingle, look no further! This "cuddly companion" is available through the Homeward Bound City Pound, a non profit rescue organization from Dartmouth, 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 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!  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 the Week of October 13th - 20th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 299 (223, 321, 278, 378) *240 Sold: 111 (125, 139, 141, 135) *106 Sale To Listing Ratio: 37% (56%, 43%, 51%, 36%) *44% Price Changes: 222 (187, 226, 229, 215) *289 Listings that went conditional/pending: 155 (119, 139, 144, 158) *124 Expired/Cancelled/Withdrawn: 171 (119, 420, 130, 133) *208 Total Active Halifax/Dartmouth Inventory: 5,099 (5,133, 5,161, 5,368, 5,378) *5,668 Absorption Rate in weeks: 40 (38, 37, 44, 45) *52 Single Family Home Stats Active Single Family Home: 3,158 (3,210, 3,267, 3,433, 3,449) *3,817 Average Single Family Home List Price: $293,125 ($287k, $336k, $344k, $297k) *$292k Average Single Family Home Selling Price: $282,932 ($278k, $323k, $323k) *$269k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 94%, 96%) *92% Median Single Family Home List Price (6 months): $274,900 ($275k, $287k, $282k, $266k) *$258k Median Single Family Home Sold Price (6 months): $267,500 ($268k, $270k, $267k, $255k) *$241k Average Days on Market Single Family Home: 109 (112, 87, 96, 103) *87 Condo Stats Active Condos: 486 (488, 471, 477, 476) *468 Average Condo Listing Price: $180,266 ($170k, $308k, $315k, $274k) *$323k Average Condo Selling Price: $170,166 ($164k, $299k, $311k, $263k) *$316k Condo Sale to List Ratio This Week: 94% (96%, 97%, 98%, 97%) 98% Median Condo List Price (6 months): $238,900 ($240k, $320k, $305k, $222k) *300k Median Condo Sold Price (6 months): $230,500 ($235k, $308k, $303k, $215k) *289k Average Days on Market Condos: 68 (31, 177, 81, 121) *90 Active Vacant Lots: 1,156 (1,157, 1,145, 1,167, 1,168) *1,084 Market Rant Might be on the downward trend of market inventory in our fair city, but that doesn't mean activity has completely come to a halt. Beginning to mid September witnessed a drastic drop in overall activity, but October has slowly been clawing back to positive generation. For the past few weeks, the stats have reported on par with stats from this time last year, which if you have been following the blog since then, that would be right around the time things started to slowly change in the marketplace. What seemed like a "no end to the market woes in sight" mantra, turned into a hopeful optimism for the new year. That hope materialized, with many positive returns in 2016. We witnessed the inventory finally stop its record breaking advance, and we also saw the return of Buyers. The buzz of activity could be in part to the new mortgage rules, and people who tried to get in before they were implemented, and if that's the case, we should start to feel the effect of that change in the coming months. So far, however, activity actually picked up this week, with 26 more properties coming under contract then that of last year. You definitely don't want to miss how the year will end up, so stay tuned to stay on top of everything Halifax real estate! Thanks for stopping by!  Louie Louie wanted to be your party pal! WEEKLY ADOPTABLE Louie is a 4 year old Mastiff-Retriever mix boy, he is neutered and vaccinated and weighs just shy of 80 pounds. Louie is a puppy in a big dog's body and thinks he's a lap dog. He is great with other dogs and doesn't even mind horses and chickens. He is very interested in cats, perhaps too interested for comfort, so we don't recommend a home with cats that are not dog savvy. Louie likes to destroy his blankets and beds in the kennel so we do not recommend him to be loose in the house and will need an active family, perhaps a runner or jogger or just someone who likes long walks. He's just a big goofball and wants to be loved all the time. This "cuddly companion" is available through the Litters n' Critters, a non profit rescue organization from Dartmouth, 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 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!  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 the Week of October 6th - 13th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 223 (321, 278, 378, 273) *265 Sold: 125 (139, 141, 135, 132) *87 Sale To Listing Ratio: 56% (43%, 51%, 36%, 48%) *33% Price Changes: 187 (226, 229, 215, 250) *215 Listings that went conditional/pending: 119 (139, 144, 158, 117) *113 Expired/Cancelled/Withdrawn: 119 (420, 130, 133, 286) *161 Total Active Halifax/Dartmouth Inventory: 5,133 (5,161, 5,368, 5,378, 5,296) *5,693 Absorption Rate in weeks: 38 (37, 44, 45, 42) *49 Single Family Home Stats Active Single Family Home: 3,210 (3,267, 3,433, 3,449, 3,430) *3,822 Average Single Family Home List Price: $287,019 ($336k, $344k, $297k, $306k) *$255k Average Single Family Home Selling Price: $278,220 ($323k, $323k, $285k) *$242k Single Family Home Sale to List Ratio This Week: 97% (96%, 94%, 96%, 97%) *95% Median Single Family Home List Price (6 months): $274,900 ($287k, $282k, $266k, $279k) *$245k Median Single Family Home Sold Price (6 months): $268,000 ($270k, $267k, $255k, $270k) *$228k Average Days on Market Single Family Home: 112 (87, 96, 103, 98) *113 Condo Stats Active Condos: 488 (471, 477, 476, 478) *475 Average Condo Listing Price: $169,600 ($308k, $315k, $274k, $309k) *$253k Average Condo Selling Price: $163,483 ($299k, $311k, $263k, $299k) *$230k Condo Sale to List Ratio This Week: 96% (97%, 98%, 97%, 97%) *91% Median Condo List Price (6 months): $239,900 ($320k, $305k, $222k, $312k) *240k Median Condo Sold Price (6 months): $234,900 ($308k, $303k, $215k, $310k) *226k Average Days on Market Condos: 31 (177, 81, 121, 66) *101 Active Vacant Lots: 1,157 (1,145, 1,167, 1,168, 1,112) *1,108 Market Rant A very mixed week this week. I'm assuming we will see the current activity reflected over the next couple of weeks, but it appears that some buyers are coming of the fence and trying to get into a property before the new mortgage rules take effect. Good information HERE for those thinking that they may feel the brunt of the changes, which most predict will be the first time home buyer market. Not a whole lot of new additions this week, but sales remained average for the week causing an above average sales to list ratio report. As mentioned, although buyer activity seems average as reported, the streets are buzzing with busy buyers looking to get into their home before the white stuff fly's. Overall, product value reported lower than the yearly average, but this does seem to be a trend for this time of year. The absorption rate gained a week this week, but we are well below the peak amounts reported last year. Overall, it's been a solid year thus far in our market. Although sale prices have lowered, products are moving and inventory is down. I predicted that a price correction could be a key recovery factor, but there are far too many other elements that make a market, which complicates any guaranteed projections. Just have to watch the ebb and flow, which can be done right here! Thanks for stopping by!  Allister is in need of a good home! WEEKLY ADOPTABLE Alister is a very rambunctious pup! He is looking for a dog experienced owner who can give him the attention and guidance he needs to grow up into a great dog! Due to his high energy levels he is also going to be best suited for an adults only home. In order for this guy to learn his manners he will also need to be registered for mandatory puppy obedience classes prior to adoption. This "cuddly companion" is available through the Dartmouth SPCA, a non profit rescue organization from Dartmouth, 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 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!  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 the Week of September 29th - October 6th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 321 (278, 378, 273, 252) *328 Sold: 139 (141, 135, 132, 85) *117 Sale To Listing Ratio: 43% (51%, 36%, 48%, 34%) *36% Price Changes: 226 (229, 215, 250, 167) *243 Listings that went conditional/pending: 139 (144, 158, 117, 124) *144 Expired/Cancelled/Withdrawn: 420 (130, 133, 286, 286) *344 Total Active Halifax/Dartmouth Inventory: 5,161 (5,368, 5,378, 5,296, 5,233) *5,720 Absorption Rate in weeks: 37 (44, 45, 42, 41) *45 Single Family Home Stats Active Single Family Home: 3,267 (3,433, 3,449, 3,430, 3,388) *3,860 Average Single Family Home List Price: $335,480 ($344k, $297k, $306k, $332k) *$250k Average Single Family Home Selling Price: $322,968 ($323k, $285k, $296k) *$242k Single Family Home Sale to List Ratio This Week: 96% (94%, 96%, 97%, 96%) *97% Median Single Family Home List Price: $286,900 ($282k, $266k, $279k, $290k) *$250k Median Single Family Home Sold Price: $270,000 ($267k, $255k, $270k, $283k) *$248k Average Days on Market Single Family Home: 87 (96, 103, 98, 97) *71 Condo Stats Active Condos: 471 (477, 476, 478, 477) *461 Average Condo Listing Price: $308,262 ($315k, $274k, $309k, $217k) *$262k Average Condo Selling Price: $299,340 ($311k, $263k, $299k, $211k) *$251k Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 97%) *96% Median Condo List Price: $319,900 ($305k, $222k, $312k, $200k) *240k Median Condo Sold Price: $307,500 ($303k, $215k, $310k, $180k) *229k Average Days on Market Condos: 177 (81, 121, 66, 116) *92 Active Vacant Lots: 1,145 (1,167, 1,168, 1,112, 1,098) *1,102 Market Rant As with the season, the inventory and activity seem to "Fall" around this time of year (har har). Bad, I know. Activity has definitely slowed, and it wasn't just a slow taper, more like a sudden halt. Of course with the holiday approaching, Turkey may be the primary focus for some folks, and in general, activity has an annual trend of decline around this time as well. Activity and reports are still casting a more positive light than that of last year, with new listing additions down, sales up, and the sales to list ratio well below the former report. Average sale prices remain steady, and the big thing to take away is the continued reduction of inventory that maintains its lower report week over week from the past year. This is an important factor to focus on, as continuing the previous 4 year trend could have lead us down a path of disaster. In any case, that hasn't happened yet, and if the activity reported progressively maintains and improves, the market is sure to turn around sooner than later. Stay tuned to keep an eye on the action!  Peggy is on the way! WEEKLY ADOPTABLE Peggy will be on her ride to freedom tomorrow. Meet another Montreal dog needing out! Peggy is a friendly , tail wagging attention seeker. She is approx 3 yrs old, spay, vaccinated , dewormed. She was found abandoned , alone and likely had multiple pregnancies. She is crate trained , quiet and calm but will whine for attention and bark if dogs bark at her in the shelter. She reacts to large dogs so obviously not a good environment for her and she needs training and safe socialization opportunities. She loves to eat . When excited she tends to jump on. She nibbles a little bit otherwise she just wants to be loved badly. This "cuddly companion" is available through the Good Bones Dog Rescue, a non profit rescue organization from Dartmouth, 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 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!  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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