Halifax (HRM) Residential Market Statistic Update For Week of November 21th to November 28st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  300 (314, 326, 466, 323) *266
Sold:  87 (121, 68, 166, 96) *98
Sale To List Ratio: 29% (39%, 21%, 37%, 30%) *37%
Expired/Cancelled/Withdrawn:  128 (148, 138, 259, 188) *102
Total Active Halifax/Dartmouth Inventory:  4,974 (4,976, 5.032, 5,029, 5,161)
Active Single Family Home: 3,210 (3,239, 3,298, 3,319, 3,426) *2,788
Average Single Family Home List Price:  $282,065 ($285,888, $244,829, $309,696, $288,708) *293k
Average Single Family Home Selling Price:  $272,556 ($268,293, $235,710, $,293,573, $279,192) *281k
Average Days On  Market Single Family Home: 107 (107, 96, 111, 103) *97
Active Condos:  431 (413, 412, 407, 398,) *265
Average Condo Listing Price:  $277,485  ($235,185, $236.813, $216,268, $220,585) *271k
Average Condo Selling Price:  $269,842 ($227,971, $228,750, $209,428, $213,892) *263k
Average Days On Market Condos:  74 (63, 110, 123, 64) *50
Halifax/Dartmouth Absorption Rate (weeks):  102 (48, 51, 48, 55) *48

MARKET RANT
Another slow week on the market it seems. Lack of sales in the past few weeks, coupled with an apparent never ending supply of inventory has set the absorption rate to record highs this week. To put into perspective, If inventory additions completely stopped today, it would take over 8 months to sell off the current stock at this sales rate. That being said, we are at the end of the season and typically see this type of performance. This week just happened to have a huge spike. Let's hope that trend doesn't continue. Doesn't really look like the inventory wants to reduce at all! Single family homes had a marginal reduction and condo inventory actually gained. Interested to see how the rest of the year plays out, so stay tuned to the blog for all the details!


WEEKLY ADOGTABLE
Roscoe is between 2 & 3 years old and available for adoption , he is fully vaccinated and neutered , people and kid friendly , Roscoe gets along with some but not all dogs , he seems to prefer smaller breed dogs that are low energy. He also needs a cat free home.

This fella is currently being cared for by NSPBRS, a non profit rescue association. Details about this beauty and others ready for a "furever"  home, including how to adopt, other dogs for adoption, and ways to donate, can be found by clicking the picture :)  Thank you for your consideration! 



Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. 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.


Newest blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of November 14th to November 21st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  314 (326, 466, 323, 386) *317
Sold:  121 (68, 166, 96, 96) *108
Sale To List Ratio: 39% (21%, 37%, 30%, 25%) *34%
Expired/Cancelled/Withdrawn:  148 (138, 259, 188, 149) *115
Total Active Halifax/Dartmouth Inventory:  4,976 (5.032, 5,029, 5,161, 5,247)
Active Single Family Home: 3,239 (3,298, 3,319, 3,426, 3,478) *2,809
Average Single Family Home List Price:  $285,888 ($244,829, $309,696, $288,708, $284,754) *314k
Average Single Family Home Selling Price:  $268,293 ($235,710, $,293,573, $279,192, $275,216) *301k
Average Days On  Market Single Family Home: 107 (96, 111, 103, 113) *96
Active Condos:  413 (412, 407, 398, 401) *269
Average Condo Listing Price:  $235,185  ($236.813, $216,268, $220,585, $241,620) *275k
Average Condo Selling Price:  $227,971 ($228,750, $209,428, $213,892, $234,480) *264k
Average Days On Market Condos:  63 (110, 123, 64, 48) *72
Halifax/Dartmouth Absorption Rate (weeks):  48 (51, 48, 55, 55) *41

MARKET RANT
Although the weather is getting colder in our fair city, it looks like out housing market is staying warm. Nearing the end of November we have seen numbers strengthen over the past few weeks, which is usually not the norm for this time of year. Still lots of last minute shoppers out there, with viewings and inquiries frequenting listed homes. Lots of last minute deals as we close the books on the 2013 market year, and quite a few value priced properties currently for sale that ended up "chasing the ace" this season, and now well below what was originally presented. Still, lots of inventory out there on the market, and it doesn't seem to be flying off the shelves anytime soon whether it be to cancellations, expiries or sales. Let's keep the momentum going shall we? Thanks for stopping by!


My name is Riley, I am a 5 year old Yorkie mix who came in to rescue at Marley's Hope with my big brother Max-a-roni. As you know, Max my BFF was adopted to a loving home and hit the jackpot with my vet for his new momma! I am hoping that I will find someone who will care for me and love me for all my life too! I have a few requirements of my humans, so please click on picture for more info

This fella is currently being cared for by Marley's Hope All Breed Dog Rescue. Details about this beauty and others ready for a "furever"  home, including how to adopt, other dogs for adoption, and ways to donate, can be found by clicking the picture :)  Thank you for your consideration! 

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. 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.


Newest blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of November 7th to November 14th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  326 (466, 323, 386, 330) *303
Sold:  68 (166, 96, 96, 97) *83
Sale To List Ratio: 21% (37%, 30%, 25%, 29%) *27%
Expired/Cancelled/Withdrawn:  138 (259, 188, 149, 148) *105
Total Active Halifax/Dartmouth Inventory:  5,032 (5,029, 5,161, 5,247, 5,246)
Active Single Family Home: 3,298 (3,319, 3,426, 3,478, 3,519) *2,808
Average Single Family Home List Price:  $244,829 ($309,696, $288,708, $284,754, $263,775 *277k
Average Single Family Home Selling Price:  $235,710 ($,293,573, $279,192, $275,216, $256,071) *267k
Average Days On  Market Single Family Home: 96 (111, 103, 113, 101) *95
Active Condos:  412 (407, 398, 401, 399) *274
Average Condo Listing Price:  $236,813  ($216,268, $220,585, $241,620, $268,519) *312k
Average Condo Selling Price:  $228,750 ($209,428, $213,892, $234,480, $261,570) *300k
Average Days On Market Condos:  110 (123, 64, 48, 73) *69
Halifax/Dartmouth Absorption Rate (weeks):  51 (48, 55, 55, 52) *43

MARKET RANT
Well that will certainly do it for the worst sales week of the year. I imagine a few factors like the Remembrance Day long weekend, coupled with the end of year market decline where pretty impactive on the result. Although the overall inventory has started the annual decrease trend, this week made one last twitch at a come back. Although single family homes have decreased in numbers, the gutter-ball sales to list ratio failed to stop the overall gain. Days on market for both products is chugging along at an average pace (a little over three months), and values in the sold single family homes took a cut. So as we compare this year to the last, things are still a little out of balance with last year having the edge, albeit oh so slightly. Inventory wise however, it appears as though we are on pace to meet up with last years stats hopefully, by the end of the year. This should put us in better position to start the year on a positive note. Thanks for stopping by!


WEEKLY ADOGTABLE
Hey everyone! My name is Savannah; I am a young, energetic and very playful girl who is looking to find a new home. I need a family who will be home most of the time because I don't like to be left alone. I get along well with other dogs, but no kitties for me please. My new family will have to take me to obedience classes. 
Weight: 24kg/53lb

She is currently being cared for by Homeward Bound City Pound of Dartmouth, NS. Details about this beauty and others ready for a "furever"  home, including how to adopt, other dogs for adoption, and ways to donate, can be found by clicking the picture :)  Thank you for your consideration! 

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. 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.


Newest blog post HERE

Halifax (HRM) Residential Market Statistic Update For Week of October 31st to November 7th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  466 (323, 386, 330, 416) *352
Sold:  166 (96, 96, 97, 116) *85
Sale To List Ratio: 37% (30%, 25%, 29%, 28%) *24%
Expired/Cancelled/Withdrawn:  259 (188, 149, 148, 153) *144
Total Active Halifax/Dartmouth Inventory:  5,029 (5,161, 5,247, 5,246, 5,278)
Active Single Family Home: 3,319 (3,426, 3,478, 3,519, 3,536) *2,819
Average Single Family Home List Price:  $309,696 ( $288,708, $284,754, $263,775, $291,777) *265k
Average Single Family Home Selling Price:  $293,573 ($279,192, $275,216, $256,071, $281,699) *256k
Average Days On  Market Single Family Home: 111 (103, 113, 101, 95) *74
Active Condos:  407 (398, 401, 399, 409) *273
Average Condo Listing Price:  $216,268  ($220,585, $241,620, $268,519, $259,544) *283k
Average Condo Selling Price:  $209,428 ($213,892, $234,480, $261,570, $252,246) *275k
Average Days On Market Condos:  123 (64, 48, 73, 56) *56
Halifax/Dartmouth Absorption Rate (weeks):  48 (55, 55, 52, 54) *40

MARKET RANT
Little bit of improvement again this week on the market as last minute shoppers grab at last minute deals. Lots of price drops this week, which has been the trend going into the "last ditch effort" zone for sellers of the 2013 market year. Unless the property is vacant, it will be a challenge to close anything before Christmas, and really, focus will shift soon enough. Although many stats are reflective of this time of year, condo's reverse the trend by actually gaining inventory this week. We did have a solid week of sales however, and much better then last year at this time. It almost took a year, but our market is starting to be reflective of last year, now hopefully it will run the other way!

REMEMBRANCE DAY
Remember, this monday, November 11th is Remembrance Day. There are many services across the city to attend and pay tribute to members of the military that have served, are currently serving, or have paid the ultimate price, for our freedom. 

WEEKLY ADOGTABLE
Hey there I'm Willy. I know I know I'm a girl and Willy is a boy's name. My foster mom called me Wee Willy Whiner when I was just a wee thing because well.........you can guess it, I whined. I just wanted to be near her. It was comforting. I still like being with people and I love falling asleep on someone. I'm quite shy so I really need time to adjust to a new situation on my own. I pummel my sisters quite fine so once I get to know someone I'm right as rain!

He is currently being cared for by tLabrador Rescue of Nova Scotia Enfield, NS. Details about this beauty and others ready for a "furever"  home, including how to adopt, other dogs for adoption, and ways to donate, can be found by clicking the picture :)  Thank you for your consideration! 

Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!

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 leave a public comment or question below. 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.


Newest blog post HERE