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Halifax (HRM) Residential Statistic Update for the Week of October 19th - October 26th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 249 (227, 233, 315, 267) *237 Sold: 136 (126, 131, 124, 148) *102 Sale To Listing Ratio: 55% (56%, 56%, 40%, 55%) *43% Price Changes: 195 (196, 166, 190, 219) *193 Listings that went conditional/pending: 158 (158, 109, 162, 149) *125 Expired/Cancelled/Withdrawn: 112 (133, 117, 301, 111) *130 Total Active Halifax/Dartmouth Inventory: 4,438 (4,450, 4,519, 4,500, 4,613) 5,085 Absorption Rate in weeks: 34 (34, 33, 32, 33) *43 Single Family Home Stats Active Single Family Home: 2,687 (2,693, 2,753, 2,750, 2,837) *3,162 Average Single Family Home List Price: $291,627 ($282k, $354k.$289k,$299k) *$286k Average Single Family Home Selling Price: $281,678 ($273k, $336k, $277k,$289k) *$274k Single Family Home Sale to List Ratio This Week: 97% (97%, 95%, 96%, 97%) *96% Median Single Family Home List Price (6 mo): $274,900 ($275k, $275k,$275k,$279k)*$275k Median Single Family Home Sold Price (6 mo): $267,400 ($268k, $270k,$270k,%270k)*$267k Average Days on Market Single Family Home: 99 (73, 78, 94, 70) *91 Condo Stats Active Condos: 402 (401, 413, 407, 416) *491 Average Condo Listing Price: $245,237 (%235k, $263k, $294k, $264k) *$216k Average Condo Selling Price: $233,342 ($223k, $253k, $281k, $255k) *$205k Condo Sale to List Ratio This Week: 95% (95%, 96%, 96%, 97%) 95% Median Condo List Price (6 mo): $244,800 ($245k, $245k, $245k, $245k) *$236k Median Condo Sold Price (6 mo): $239,500 ($235k, $236k, $236k, $235k) *$228k Average Days on Market Condos: 125 (118, 121, 115, 146) *110 Active Vacant Lots: 1,093 (1,103, 1,111, 1,106, 1,123) *1,158 Market Rant If there was any indication that the trending balanced market was just a passing fad, the stats have proven otherwise. As we approach the end of October, the solid market reports that we have seen all year continues its push. Average number of new additions this week, but the sales are still reporting strongly. Among other factors, the warmer weather may be contributing to Buyer activity, as we enjoy a rather balmy Autumn for now. Inventory is still reporting lower than this time last year, but that gap seems to be closing week to week. This event isn't really an anomaly however, as inventory across the board traditionally reduces until the lowest point, bottoming out at the end of December. The real test comes in the peak months from April to June, where inventory usually peaks.. Overall market values remain slightly down this week, but are still reporting higher than last year at this time. The big news is the continued strength of the absorption rate. Not surprising though, since our market year has seen a higher than normal low listing vs higher sales count. Nine weeks from last year is pretty impressive though. Stay tuned as we edge closer to the end of the market year to stay up to date. Have a Happy Halloween, and thanks for stopping by!  The Weekly Adogtable! Maddox is a happy, rambunctious young dog with a lot of energy to burn! You'll need a strong set of lungs and good running legs to keep up with him, because he just wants to MOVE! He has yet to learn that sharing is caring, and will display guarding behaviour specifically over toys- for this reason, he would do best in a home with an adopter who is experienced and confident, and older children who understand when he needs his space. Maddox would be thrilled to explore all your favourite outdoor places (and the comfiest spot on your bed). He prefers to be spoiled with love instead of treats, but we're sure he's bound to have a favourite that we have yet to discover. Maddox's ideal home environment would be: -Without other animals (due to high reactivity) -With children over the age of 12 -Experienced adopters who understand dog behaviours -Proof of registration in obedience training mandatory upon adoption This "cuddly companion" is available through Homeward Bound City Pound, 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 Meet Maddox!!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 Statistic Update for the Week of October 12th - October 19th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (233, 315, 267, 272) *299 Sold: 126 (131, 124, 148, 143) *111 Sale To Listing Ratio: 56% (56%, 40%, 55%, 53%) *37% Price Changes: 196 (166, 190, 219, 218) *222 Listings that went conditional/pending: 158 (109, 162, 149, 165) *155 Expired/Cancelled/Withdrawn: 133 (117, 301, 111, 130) *171 Total Active Halifax/Dartmouth Inventory: 4,450 (4,519, 4,500, 4,613, 4,602) 5,099 Absorption Rate in weeks: 34 (33, 32, 33, 33) *40 Single Family Home Stats Active Single Family Home: 2,693 (2,753, 2,750, 2,837, 2,833) *3,158 Average Single Family Home List Price: $281,998 ($354k.$289k,$299k,$298k) *$293k Average Single Family Home Selling Price: $272,552 ($336k, $277k,$289k,$290k) *$283k Single Family Home Sale to List Ratio This Week: 97% (95%, 96%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $274,900 ($275k,$275k,$279k,$279k)*$275k Median Single Family Home Sold Price (6 mo): $267,500 ($270k,$270k,%270k,$270k)*$268k Average Days on Market Single Family Home: 73 (78, 94, 70, 69) *109 Condo Stats Active Condos: 401 (413, 407, 416, 413) *486 Average Condo Listing Price: $235,125 ($263k, $294k, $264k, $244k) *$180k Average Condo Selling Price: $223,237 ($253k, $281k, $255k, $231k) *$170k Condo Sale to List Ratio This Week: 95% (96%, 96%, 97%, 95%) 94% Median Condo List Price (6 mo): $244,900 ($245k, $245k, $245k, $240k) *$239k Median Condo Sold Price (6 mo): $235,000 ($236k, $236k, $235k, $230k) *$231k Average Days on Market Condos: 118 (121, 115, 146, 82) *68 Active Vacant Lots: 1,103 (1,111, 1,106, 1,123, 1,126) *1,156 Market Rant Back to the Fall grind this week, as stats continue their seasonal trend reporting. A lower than average (for this year) new listing report this week, which was met with slightly lower sales average as well. Things are looking up however, as it appears Buyer activity has returned in full force with a solid conditional sale report this week, matching this years average and returning to its former position. It was matched by last year at this time, but there was also many more products to choose from last year. Coupled with a Buyers void, there is no doubt that there were many negative influences at that time. This year, we have been fortunate to enjoy a rebounding market and the changes that go along with it. One thing that has become obvious with the moving inventory, is the adjustment of listing prices. I mentioned a few years ago that a price correction could turn the tide of the, at the time, down market. This adjustment seems to have happened in part, which has also been noticed by many clients and speculators that I have talked with about the market, noting the overall lower listing and sale prices, further illustrating that "everything sells at the right price". Interesting times indeed, and I would encourage you to check in when you can, or reach out if you have a burning question. Thanks for stopping by!  The Weekly Adogtable! Meet Loly. She weighs +/- 45 lbs Shy when crated. Is outgoing and sweet. Has been examined all over by vet and was good. Relaxed except for touching er udders (will freeze and sometimes growl. I am suspecting a body infection so we will get her sorted asap! Excited around other dogs (tested through a fence and she was actually living with another dog). Excited with cats. special needs: Deaf. Housebroken Knows commands sit lie down, obedient . Loves to be caressed and loved , very relaxed to touching all over Temperment: affectionate and friendly. Good with all dogs (lives with shihtzu). Good with cats No aggression. Does not have any food or toy resource guarding. Not destructive. Has never injured another animal. Knows basic commands. Pulls on leash and strong like most staffies so we have a freedom harness we will try on her. Looks like she had a litter. She will be vaccinated then spay and microchipped before adoption. 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!  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 Statistic Update for the Week of October 5th - October 12th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 233 (315, 267, 272, 322) *223 Sold: 131 (124, 148, 143, 156) *125 Sale To Listing Ratio: 56% (40%, 55%, 53%, 48%) *56% Price Changes: 166 (190, 219, 218, 222) *187 Listings that went conditional/pending: 109 (162, 149, 165, 180) *119 Expired/Cancelled/Withdrawn: 117 (301, 111, 130, 121) *199 Total Active Halifax/Dartmouth Inventory: 4,519 (4,500, 4,613, 4,602, 4,637) *5,133 Absorption Rate in weeks: 33 (32, 33, 33, 33) *38 Single Family Home Stats Active Single Family Home: 2,753 (2,750, 2,837, 2,833, 2,874) *3,210 Average Single Family Home List Price: $354,286 ($289k,$299k,$298k,$284k) *$287k Average Single Family Home Selling Price: $335,601 ($277k,$289k,$290k,$276k) *$278k Single Family Home Sale to List Ratio This Week: 95% (96%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $275,000 ($275k,$279k,$279k,$279k)*$275k Median Single Family Home Sold Price (6 mo): $269,950 ($270k,%270k,$270k,$270k)*$270k Average Days on Market Single Family Home: 78 (94, 70, 69, 78) *112 Condo Stats Active Condos: 413 (407, 416, 413, 412) *488 Average Condo Listing Price: $263,000 ($294k, $264k, $244k, $220k) *$170k Average Condo Selling Price: $253,164 ($281k, $255k, $231k, $209k) *$163k Condo Sale to List Ratio This Week: 96% (96%, 97%, 95%, 95%) 96% Median Condo List Price (6 mo): $244,900 ($245k, $245k, $240k, $240k) *$240k Median Condo Sold Price (6 mo): $235,500 ($236k, $235k, $230k, $230k) *$235k Average Days on Market Condos: 121 (115, 146, 82, 117) *31 Active Vacant Lots: 1,111 (1,106, 1,123, 1,126, 1,133) *1,157 Market Rant Thanksgiving weekend can be grouped in with other holidays that affect weekly reporting, such as Christmas and Remembrance Day (which is approaching). These holidays tend to sway some of the stats from a typical weekly report, given that a good number of buyers and sellers are otherwise preoccupied. I thought I would take this week to talk about the statistic labels, and where along the line they switch. As you probably already know, when you see a listing online (viewpoint.ca), or in another form of advertising, you are viewing an "active" listing. Once that active listing (Seller(s) receives and accepts an offer, then that status should change to "conditional/pending" within days of acceptance. Since the accepted offer has conditions that will need to be met during an outline laid out in said agreement, it is considered conditional. These conditions range from financing approval, to inspections, lawyer review of the documents and many more. Generally, this is a process that will last a couple weeks, which is the reason the property you are tracking might have this status for a little while. Once the conditions have all been met after the agreed time (say two weeks), the status will then change to "sold", even though the buyer(s) are unlikely to have possession of the property at this point. That is reserved for closing day, which can be quite varied based on buyer and seller situations, but typically ranges 30-90 days from the offer date. Once closing date comes and goes, all labels are removed until the next time the property is listed and returns to an "active" status. Of course, the history is still available and visible on websites such as viewpoint.ca, which is a great tool! The status changes are good to know, especially if you are tracking property and when pondering the above stats. Hope that helps clear some things up for the curious, and I thank you for stopping by!  Meet Bosely!The Weekly Adogtable! He is energetic. Has no resource guarding isues at all. A very happy boy, social and friendly with humans (does jump up). He is k with dogs but needs to be cat tested. No kids under 8 because he jumps up. Can be vocal when excited playing. Underweight. Knows basic commands 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!  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 Statistic Update for the Week of September 28th - October 5th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 315 (267, 272, 322, 275) *321 Sold: 124 (148, 143, 156, 117) *139 Sale To Listing Ratio: 40% (55%, 53%, 48%, 43%) *43% Price Changes: 190 (219, 218, 222, 188) *226 Listings that went conditional/pending: 162 (149, 165, 180, 152) *139 Expired/Cancelled/Withdrawn: 301 (111, 130, 121, 324) *420 Total Active Halifax/Dartmouth Inventory: 4,500 (4,613, 4,602, 4,637, 4,615) *5,161 Absorption Rate in weeks: 32 (33, 33, 33, 33) *37 Single Family Home Stats Active Single Family Home: 2,750 (2,837, 2,833, 2,874, 2,861) *3,267 Average Single Family Home List Price: $288,609 ($299k,$298k,$284k,$290k) *$336k Average Single Family Home Selling Price: $276,997 ($289k,$290k,$276k,$278k) *$323k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 96%) *96% Median Single Family Home List Price (6 mo): $275,000 ($279k,$279k,$279k,$279k)*$287k Median Single Family Home Sold Price (6 mo): $269,900 (%270k,$270k,$270k,$270k)*$270k Average Days on Market Single Family Home: 94 (70, 69, 78, 86) *87 Condo Stats Active Condos: 407 (416, 413, 412, 408) *471 Average Condo Listing Price: $294,191 ($264k, $244k, $220k, $241k) *$315k Average Condo Selling Price: $280,916 ($255k, $231k, $209k, $233k) *$299k Condo Sale to List Ratio This Week: 96% (97%, 95%, 95%, 97%) 97% Median Condo List Price (6 mo): $244,900 ($245k, $240k, $240k, $240k) *$320k Median Condo Sold Price (6 mo): $235,500 ($235k, $230k, $230k, $230k) *$308k Average Days on Market Condos: 115 (146, 82, 117, 74) *177 Active Vacant Lots: 1,106 (1,123, 1,126, 1,133, 1,141) *1,102 Market Rant Is it October already? This year seems to have flown by! With the approach to the Thanksgiving weekend, activity overall might have been stunted a bit with Buyers and Sellers focusing on turkey day. Both new listings and sales were down this week, sending the sales to list ration tumbling as well. Buyer activity remained strong with 162 properties receiving and accepting offers, indicating that this years Buyer momentum hasn't throttled back that much. Accurate though, being on the front lines of property purchase and sales, I can attest to just how much the market has changed for both Buyer and Seller this year. For some it's a welcomed change (mostly Sellers), but others are met with frustration (mostly Buyers). Properties in certain areas are still accepting offers within days of listing, and some have what used to be a rare event happen to them...multiple offers. Inventory overall is in steady decline, which was certainly helped out by the bulk of listings that expired or cancelled from the market this week (most likely on the 1st), but the natural annual trend would have likely contributed as well. Still lots of action out there, so be sure to check in to stay up to date with the market! Happy Thanksgiving, and thanks for stopping by!  Meet Pete!The Weekly Adogtable! Might be a little bias to this weeks adogtable, he looks exactly like my Bruin! (also a rescue) I can tell you this breed is so kind and loving, just give him a chance! 1 broken canine, elbows worn Will be vaccinated, dewormed and sterilized if a rescue accepts to take him. Normal stools. Tolerant with manipulations. When crated: barely vocal, calm when first approached, eats immediately (off the floor) Submissive/polite/calm/playful with other dogs. Friendly with cats, horses & even chickens. Shy disposition with strangers. Glutton with food. Uninterested in toys. Polite on leash. Hardly vocal. Pete is a calm dog, very independent, he does not play much. Loves car rides! 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!  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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