Halifax (HRM) Residential Statistic Update for the Week of October 24th - 31st, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 195 (262, 212, 283, 243) *244
Sold:  153  (172, 142, 158, 164) *121
Sale To Listing Ratio: 79% (66%, 67%, 56%, 67%) *50%
Price Changes: 142 (137, 137, 157, 127) *165
Listings that went conditional/pending: 183 (204, 185, 183, 166)  *140
Expired/Cancelled: 83 (75, 94, 85, 210) *281
Total Active Halifax/Dartmouth Inventory:  2,788 (2,902, 2,934, 2,989, 2,981) +3,731
Absorption Rate in weeks:  18 (18, 18, 17, 17) *31

Single Family Home Stats
Active Single Family Home: 1,484 (1,555, 1,609, 1,625, 1,624) *2,189
Average Single Family Home List Price:  $351,660 ($339k,$317k,$353k,$351k) *$292k
Average Single Family Home Selling Price:  $344,236 ($333k,$314k,$346k,$336k) *$281k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 99%, 98%, 96%) *96%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$309k$308k)*$289k
​Median Single Family Home Sold Price (6 mo):$305,000 ($305k,$304k,$302k,$301k)*$280k
Average Days on Market Single Family Home: 58 (65, 58, 60, 68) *63

Condo Stats
Active Condos:  184 (193, 199, 207, 199) *313
Average Condo Listing Price:  $265,685 ($273k, $228k, $258k, $300k) *$287k
Average Condo Selling Price: $259,150 ($276k, $226k, $243k, $270k) *$277k
Condo Sale to List Ratio This Week: 98% (98%, 99%, 94%, 90%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) $230k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $241k, $243k) *$224k
Average Days on Market Condos: 67 (72, 61, 38, 78) *155

Active Vacant Lots: 897 (918, 891, 906, 901) *1,027

Market Rant
Oh so close! Another solid week of inventory loss has caused the gap between this year and last to grow, and it is just that close to reaching a 1000 unit spread. That's a pretty significant inventory loss overall in a very short time. All tracked products did see reduction this week with single family homes taking the largest hit, continuing the void of this missing inventory that is still being felt across the region. Nothing is really coming to market either. It has been week after week of lower than average listing additions and higher than average sales numbers, so that minimal trickle to the market is being snapped up fairly quickly. Average home sales still sit around the two month mark for single family homes, and ten weeks (respectively) for condos. Both products are seeing their time on market durations shrink as well, which is in direct relation to the current market environment. Activity does seem to be waining on the front lines though, so I anticipate seeing that reflected in the coming reports in the weeks ahead. Make sure to stop by to see if my prediction is right, and thanks for stopping by! 

Trapper is a ~1 year old neutered male rottie/shepherd mix.
He would prefer a home with adults only.
Obedience is mandatory for his new owner(s) as he is still a puppy.

This puppies body is growing faster than his puppy brain but Trapper is eager to learn and please. Trapper needs a dog experienced, patient owner who can help him achieve his full potential which we believe could be a well mannered, loyal best friend. This guy is a big, bouncy boy but he settles well and enjoys interacting with his people. He will seek out your affection and have a toy ready for a good game of fetch. If you would like to meet Trapper and take him for a walk, please come prepared with appropriate footwear. Trapper is waiting to meet you!
​
This "cuddly companion" is available through the NS SPCA, 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.

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!

Halifax (HRM) Residential Statistic Update for the Week of October 17th - 24th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 262 (212, 283, 243, 207) *225
Sold:  172  (142, 158, 164, 189) *117
Sale To Listing Ratio: 66% (67%, 56%, 67%, 91%) *52%
Price Changes: 137 (137, 157, 127, 124) *118
Listings that went conditional/pending: 204 (185, 183, 166, 187)  *128
Expired/Cancelled: 75 (94, 85, 210,57) *101
Total Active Halifax/Dartmouth Inventory:  2,902 (2,934, 2,989, 2,981, 3,094) +3,884
Absorption Rate in weeks:  18 (18, 17, 17, 18) *31

Single Family Home Stats
Active Single Family Home: 1,555 (1,609, 1,625, 1,624, 1,685) *2,181
Average Single Family Home List Price:  $338,634 ($317k,$353k,$351k,$331k) *$305k
Average Single Family Home Selling Price:  $332,882 ($314k,$346k,$336k,$324k) *$295k
Single Family Home Sale to List Ratio This Week: 98%  (99%, 98%, 96%, 98%) *97%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$309k$308k,$309k)*$290k
​Median Single Family Home Sold Price (6 mo):$305,000 ($304k,$302k,$301k,$302k)*$282k
Average Days on Market Single Family Home: 65 (58, 60, 68, 52) *49

Condo Stats
Active Condos:  193 (199, 207, 199, 220) *315
Average Condo Listing Price:  $273,130 ($228k, $258k, $300k, $256k) *$262k
Average Condo Selling Price: $266,520 ($226k, $243k, $270k, $249k) *$253k
Condo Sale to List Ratio This Week: 98% (99%, 94%, 90%, 98%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) $230k
Median Condo Sold Price (6 mo): $240,000 ($240k, $241k, $243k, $245k) *$221k
Average Days on Market Condos: 72 (61, 38, 78, 34) *101

Active Vacant Lots: 918 (891, 906, 901, 936) *1,064

Market Rant
Despite seeing a decent increase in the vacant land inventory, overall, the market supply kept the reduction trend going this week. Single family homes are the main contributor to this decline, which also helped spread the overall annual gap to almost 1000 units! There was an above average addition to the market that seemed like it would help, but it was also met with an above average sale week, so they ended up cancelling each other out. Buyer activity reported quite high this week, with over 200 properties coming under contract, showing that buyers in the market aren't quite done just yet! That is the first time we crested the 200 market in several weeks, which is a bit surprising for the time of year. 

The final push of the 2019 market year is on, so we should still see a good amount of activity transpire over the following weeks, but nothing is ever completely certain, so stay tuned to the blog to stay on top of things! Thanks for stopping by! 

Princess is very smart and learns quickly. She is house trained, knows basic commands, has moderate energy, walks well on leash with a freedom harness (although she is strong), and is very food driven. Princess is affectionate, but shy with men. No cats for this girl and not recommended with kids under 12.

​.Princess gets excitable when she sees another dog and excitement barks and jumps up with new people.

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!

Halifax (HRM) Residential Statistic Update for the Week of October 10th - 17th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 212 (283, 243, 207, 265) *283
Sold:  142  (158, 164, 189, 192) *141
Sale To Listing Ratio: 67% (56%, 67%, 91%, 72%) *50%
Price Changes: 137 (157, 127, 124, 132) *124
Listings that went conditional/pending: 185 (183, 166, 187, 208)  *140
Expired/Cancelled: 94 (85, 210,57, 66) *129
Total Active Halifax/Dartmouth Inventory:  2,934 (2,989, 2,981, 3,094, 3,139) +3,889
Absorption Rate in weeks:  18 (17, 17, 18, 19) *28

Single Family Home Stats
Active Single Family Home: 1,609 (1,625, 1,624, 1,685, 1,716) *2,163
Average Single Family Home List Price:  $317,301 ($353k,$351k,$331k,$351k) *$327k
Average Single Family Home Selling Price:  $313,688 ($346k,$336k,$324k,$342k) *$317k
Single Family Home Sale to List Ratio This Week: 99%  (98%, 96%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $309,900 ($309k$308k,$309k,$309k)*$290k
​Median Single Family Home Sold Price (6 mo):$304,000 ($302k,$301k,$302k,$303k)*$283k
Average Days on Market Single Family Home: 58 (60, 68, 52, 54) *71

Condo Stats
Active Condos:  199 (207, 199, 220, 220) *317
Average Condo Listing Price:  $228,056 ($258k, $300k, $256k, $275k) *$235k
Average Condo Selling Price: $225,993 ($243k, $270k, $249k, $267k) *$228k
Condo Sale to List Ratio This Week: 99% (94%, 90%, 98%, 98%) 97%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k$225k
Median Condo Sold Price (6 mo): $239,950 ($241k, $243k, $245k, $243k) *$220k
Average Days on Market Condos: 61 (38, 78, 34, 46) *125

Active Vacant Lots: 891 (906, 901, 936, 930) *1,080

Market Rant
We have some interesting trends in this years market. One of them is the lower than average weekly inventory additions, the other is the consistent surge of buyers putting homes under agreement (as tracked by the conditional/pending stat). Another interesting constant this year is the gap of overall inventory between this, and several years prior to this year. Just shy of 1000 property products is the current gap, which has widened or narrowed slightly over the year, but always reporting lower than last year at the same time. Values remain strong this week, but it did report a touch lower than what the norm has been as of late. The six month median price for single family homes edged a touch closer to breaking the $310k mark, which is a bit strange to report since it feels like just a few short weeks ago I was reporting that the six month average finally crested the $300k mark for the first time historically for Halifax. So, a few steady stats in an unpredictable market, and not the ones that I expected. Still, lots of exciting times ahead I feel, so stay tuned to the blog to keep a watch on the market! Thanks for stopping by! 

SKIPIE is an owner surrender. Spayed  and microchipped. up to date on vaccines and flea and tick protection. Slight Heart murmur grade 2/6, sinus arrhythmia. Has an adorable under bite. Loves people. Comfortable with touching all over. Shows no resource guarding. Takes treats roughly. Good w/ cats and big and small dogs. Can be dominant. Knows basic command: sit. Pulls a bit on leash. Never in contact w/ children. Moderate energy. Was being kept loose in the house while owner was gone.​

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!

Halifax (HRM) Residential Statistic Update for the Week of October 3rd -10th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 283 (243, 207, 265, 277) *227
Sold:  158  (164, 189, 192, 149) *131
Sale To Listing Ratio: 56% (67%, 91%, 72%, 54%) *48%
Price Changes: 157 (127, 124, 132, 121) *173
Listings that went conditional/pending: 183 (166, 187, 208, 168)  *157
Expired/Cancelled: 85 (210,57, 66, 71) *88
Total Active Halifax/Dartmouth Inventory:  2,989 (2,981, 3,094, 3,139, 3,157) +3,881
Absorption Rate in weeks:  17 (17, 18, 19, 19) *26

Single Family Home Stats
Active Single Family Home: 1,625 (1,624, 1,685, 1,716, 1,751) *2,171
Average Single Family Home List Price:  $353,194 ($351k,$331k,$351k,$318k) *$318k
Average Single Family Home Selling Price:  $345,716 ($336k,$324k,$342k,$312k) *$307k
Single Family Home Sale to List Ratio This Week: 98%  (96%, 98%, 98%, 98%) *96%
Median Single Family Home List Price (6 mo): $309,000($308k,$309k,$309k,$309k)*$290k
​Median Single Family Home Sold Price (6 mo):$302,000($301k,$302k,$303k,$303k)*$283k
Average Days on Market Single Family Home: 60 (68, 52, 54, 86) *81

Condo Stats
Active Condos:  207 (199, 220, 220, 213) *321
Average Condo Listing Price:  $257,450 ($300k, $256k, $275k, $285k) *$225k
Average Condo Selling Price: $242,450 ($270k, $249k, $267k, $276k) *$222k
Condo Sale to List Ratio This Week: 94% (90%, 98%, 98%, 97%) 99%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$227k
Median Condo Sold Price (6 mo): $240,500 ($243k, $245k, $243k, $244k) *$220k
Average Days on Market Condos: 38 (78, 34, 46, 68) *149

Active Vacant Lots: 906 (901, 936, 930, 916) *1,045

Market Rant
Bit of a funny one this week, so the gauge is a little off with knowing if it was an up or down week. Let's just call this one a mulligan. In a time where activity should be tapering off, especially as we approach a festive long weekend, things seem to be ramping up. I guess that is the marker of the 2019 market year here in Halifax; expect the unexpected. New listing addition shot up this week in a strange turn of the tides, but we're matched yet again with a soiled sales week, so that had little impact. Buyer activity is still in full effect with above average pending sales, and the overall market inventory sinks ever lower to the basement. Values held strong again this week, with only slight variation to the tracked products. This includes the six month averages between both condo and single family homes, which both remained relatively equal this week. Only the first couple of weeks into the Fall months, and it is proving to be a carry over season so far, and time will tell if it too will pass the torch to the following season, or go cold, just like the approaching months. Stay tuned to the blog to find out! Thanks for stopping by! 

Buffy is an active and playful girl. She is skeptical of strangers, and of other dogs, but once she  knows them she is very  playful with them.  No cats. She knows her basic commands and is bilingual! She currently pulls on leash and likes to jump up but we are working on this. Her family will need to take her to a positive reinforcement trainer to set her up for success. Not recommended for kids under 10.

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!

Halifax (HRM) Residential Statistic Update for the Week of September 26th - October 3rd, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 243 (207, 265, 277, 246) *285
Sold:  164  (189, 192, 149, 147) *174
Sale To Listing Ratio: 67% (91%, 72%, 54%, 60%) *61%
Price Changes: 127 (124, 132, 121, 140) *172
Listings that went conditional/pending: 166 (187, 208, 168, 189)  *164
Expired/Cancelled: 210 (57, 66, 71, 141) *127
Total Active Halifax/Dartmouth Inventory:  2,981 (3,094, 3,139, 3,157, 3,132) +4,030
Absorption Rate in weeks:  17 (18, 19, 19, 19) *27

Single Family Home Stats
Active Single Family Home: 1,624 (1,685, 1,716, 1,751, 1,744) *2,258
Average Single Family Home List Price:  $351,041 ($331k,$351k,$318k,$333k) *$308k
Average Single Family Home Selling Price:  $336,352 ($324k,$342k,$312k,$327k) *$299k
Single Family Home Sale to List Ratio This Week: 96%  (98%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $307,900 ($309k,$309k,$309k,$306k)*$290k
​Median Single Family Home Sold Price (6 mo):$300,500($302k,$303k,$303k,$302k)*$282k
Average Days on Market Single Family Home: 68 (52, 54, 86, 60) *53

Condo Stats
Active Condos:  199 (220, 220, 213, 205) *329
Average Condo Listing Price:  $299,900 ($256k, $275k, $285k, $293k) *$213k
Average Condo Selling Price: $270,000 ($249k, $267k, $276k, $287k) *$206k
Condo Sale to List Ratio This Week: 90% (98%, 98%, 97%, 98%) 97%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k
Median Condo Sold Price (6 mo): $242,500 ($245k, $243k, $244k, $243k) *$221k
Average Days on Market Condos: 78 (34, 46, 68, 27) *79

Active Vacant Lots: 901 (936, 930, 916, 946) *1,071

Market Rant
Is it October already? It's certainly been a year for the books so far, and I'm sure with another blink, it will all be concluded. Time isn't the only thing that continues to move quickly this year, the various property products are also flying off the shelves. The hardest hit areas remain closer to the core, but a seemingly impossible purchase task at certain price points has the ripple effect pushing out to outlying areas. The entry level ($200k-280k) has been seen the most impact, but the going theory is that the price point just above them has no where to go, or can't find a viable option, so they are just staying put. Buyers want to buy, but inventory is falling to record lows, with no real indication that the drop is going to end anytime soon.

Out of this market though, new construction companies are certainly seeing a bump in activity. With the need to get more space, or locate to a different region, new construction has become a go to for some buyers based on the fact that they can plan their move better. Of course, that doesn't help people who need to be on or near the peninsula, since the new construction zones are on the outside of the 102 on the Halifax side, and outside of the 111 on the Dartmouth side. Neither of which is a commuters dream. Somethings got to give eventually, so stay tuned to the blog to stay on top of the market and make a plan! Thanks for stopping by! 

JoJo is a ~7 year old neutered male amstaff mix.
He would prefer a home with adults only.
Obedience is optional for her new owner(s).
He would prefer an only pet home, and no apartments/condos.

Don't let JoJo's size intimidate you, he is a very sweet boy looking for his forever home! JoJo loves to go for a nice walk then have a nice relaxing nap to follow up. On days where the weather isn't co-operating for his usual walk, he has just as much fun playing with his toys. After a good play session he is ready to follow up with a nice nap and cuddle time. If you want to meet this handsome guy, please inquire with staff today!
​
This "cuddly companion" is available through the Nova Scotia SPCA, 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.

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!


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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