Halifax (HRM) Residential Statistic Update for the Week of November 21st - 28th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 154 (151, 211, 221, 195) *191
Sold:  149  (141, 157, 174, 153) *98
Sale To Listing Ratio: 97% (93%, 74%, 79%, 79%) *67%
Price Changes: 103 (84, 95, 96, 142) *73
Listings that went conditional/pending: 138 (155, 158, 188, 183)  *109
Expired/Cancelled: 62 (60, 69, 199, 83) *75
Total Active Halifax/Dartmouth Inventory:  2,601 (2,657, 2,721, 2,722, 2,788) +3,622
Absorption Rate in weeks:  17 (17, 17, 17, 18) *35

Single Family Home Stats
Active Single Family Home: 1,336 (1,372, 1,437, 1,444, 1,484) *1,975
Average Single Family Home List Price:  $373,224 ($381k,$389k,$347k,$352k) *$342k
Average Single Family Home Selling Price:  $364,652 ($371k,$375k,$340k,$344k) *$335k
Single Family Home Sale to List Ratio This Week: 98%  (97% 96%, 98%, 98%) *98%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$286k
​Median Single Family Home Sold Price (6 mo):$305,000 ($305k,$304k,$305k,$305k)*$280k
Average Days on Market Single Family Home: 66 (66, 83, 66, 58) *82

Condo Stats
Active Condos:  187 (195, 194, 190, 184) *333
Average Condo Listing Price:  $291,981 ($240k, $239k, $225k, $266k) *$241k
Average Condo Selling Price: $289,702 ($234k,$232k, $224k, $259k) *$235k
Condo Sale to List Ratio This Week: 99% (98%, 97%, 99%, 98%) 98%
Median Condo List Price (6 mo): $245,000 ($249k, $248k, $250k, $250k) $230k
Median Condo Sold Price (6 mo): $238,750 ($239k, $239k, $240k, $240k) *$225k
Average Days on Market Condos: 35 (57, 57, 46, 67) *64

Active Vacant Lots: 874 (880, 878, 868, 897) *1,031

Market Rant
And just like that, another market month is in the books. Generally a slow month year to year, November this year decided to change a few things and really prove this current market climate has some legs. The inventory hits keep on coming with another decent week of reductions, but this annual trend will continue until it hits the the floor at the end of December, so this is not out of the ordinary. The question is, will it get back up again in the new year, or will it stay down for the count? If we have another year like this year in 2020, things could get get quite dicey for buyers. It was already challenging enough for buyers to find an option this year, with many areas seeing prices skyrocketing over multi-offer situations (something that Halifax is generally not as susceptible as the big markets tend to be), and the rock bottom vacancy rate compounded the issue. Woes that are likely to continue into the new year if things don't start changing sometime soon, I mean, just look at that sales to list ratio again this week. I think we will get a really good idea of how the market will perform right out of the gate next year. January usually sets the signal fire for listings to come to market and give notice to buyers that the search must press on. We will have to wait to see which way the scales tip in the new year, and the blog will have you covered with updates as things go! Thanks for stopping by! 

Up to date on vaccines + Bordetella Dewormed. Up to date on Flea and tick medications. 60lbs + (low weight) Very friendly with people. Energetic and attentive Loves the water, loves to play ball Not recommended with young kids due to food obsession. Good on leash. Not good with small dogs noted prey drive. Not good with unneutered male dogs nor dominant males. Good with female dogs. House trained Knows basic commands: sit, shake, laydown and roll over.

This "cuddly companion" is available through Good Bones Dog Rescue, 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 November 14th - 21st, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 151 (211, 221, 195, 262) *167
Sold:  141  (157, 174, 153, 172) *104
Sale To Listing Ratio: 93% (74%, 79%, 79%, 66%) *62%
Price Changes: 84 (95, 96, 142, 137) *113
Listings that went conditional/pending: 155 (158, 188, 183, 204)  *128
Expired/Cancelled: 60 (69, 199, 83, 75) *96
Total Active Halifax/Dartmouth Inventory:  2,657 (2,721, 2,722, 2,788, 2,902) +3,645
Absorption Rate in weeks:  17 (17, 17, 18, 18) *34

Single Family Home Stats
Active Single Family Home: 1,372 (1,437, 1,444, 1,484, 1,555) *1,990
Average Single Family Home List Price:  $380,996 ($389k,$347k,$352k,$339k) *$320k
Average Single Family Home Selling Price:  $371,238 ($375k,$340k,$344k,$333k) *$310k
Single Family Home Sale to List Ratio This Week: 97%  (96%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$285k
​Median Single Family Home Sold Price (6 mo):$304,950 ($304k,$305k,$305k,$305k)*$280k
Average Days on Market Single Family Home: 66 (83, 66, 58, 65) *85

Condo Stats
Active Condos:  195 (194, 190, 184, 193) *338
Average Condo Listing Price:  $239,900 ($239k, $225k, $266k, $273k) *$221k
Average Condo Selling Price: $234,000 ($232k, $224k, $259k, $276k) *$216k
Condo Sale to List Ratio This Week: 98% (97%, 99%, 98%, 98%) 98%
Median Condo List Price (6 mo): $248,500 ($248k, $250k, $250k, $250k) $231k
Median Condo Sold Price (6 mo): $239,000 ($239k, $240k, $240k, $240k) *$225k
Average Days on Market Condos: 57 (57, 46, 67, 72) *57

Active Vacant Lots: 880 (878, 868, 897, 918) *1,034

Market Rant
Another week of below average new listing additions, which is doing wonders for the sales to list ratio since sales are still putting up solid numbers. This activity has also kept the absorption rate holding fast to 17 weeks, which is a stat that is usually considerably higher this time of year. Just look at the difference from this time last year to now, pretty impressive. Inventory continues to plummet, and buyers activity is showing no sign of slowing down either, so the expectation is that this activity will continue to push right up until the holiday season. Sale values continues to surprise as well, and reports remarkably above average from week to week of late. The six month median home prices, the real gauge of value increase/decline, is also reporting well above last years margins and is likely one of the most significant increases in such a short amount of time that Halifax has seen in a very long time. Days on market are fewer, prices changes less, and so too the listings that cancelled or expired. All signs that things are still favouring Sellers, so it makes you wonder when the turn will happen for Buyers. For now, though, we will wait out the current Sellers market in anticipation. Make sure to stay tuned to the blog to stay informed and up to date will all things Halifax Real Estate! 

Meet Tasca! Staffy X Female 8-12 months old spay + microchip Vaccinated (Rabies + Bordetella) + Advantage Multi 100. Barks in her kennel when she sees people, she’s excited and happy. Well socialized with people. A wiggle butt. Sensitive to her rear area. No food aggression. Takes treats roughly. Playful with dogs. Excited, hard to calm down, jumps on people, nibbles a little bit, learns fast. Shares her toys. 

Sudden movements: Thinks it’s a game. Nibbles when you grab her Knows basic command: sit Pulls on leash Unknown with kids High energy level Playful during vet exam Very motivated with treats. Healthy.

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 November 7th - 14th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 211 (221, 195, 262, 212) *202
Sold:  157  (174, 153, 172, 142) *99
Sale To Listing Ratio: 74% (79%, 79%, 66%, 67%) *49%
Price Changes: 95 (96, 142, 137, 137) *101
Listings that went conditional/pending: 158 (188, 183, 204, 185)  *134
Expired/Cancelled: 69 (199, 83, 75, 94) *100
Total Active Halifax/Dartmouth Inventory:  2,721 (2,722, 2,788, 2,902, 2,934) +3,704
Absorption Rate in weeks:  17 (17, 18, 18, 18) *33

Single Family Home Stats
Active Single Family Home: 1,437 (1,444, 1,484, 1,555, 1,609) *2,042
Average Single Family Home List Price:  $388,869 ($347k,$352k,$339k,$317k) *$329k
Average Single Family Home Selling Price:  $375,041 ($340k,$344k,$333k,$314k) *$320k
Single Family Home Sale to List Ratio This Week: 96%  (98%, 98%, 98%, 99%) *97%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$289k
​Median Single Family Home Sold Price (6 mo):$304,000 ($305k,$305k,$305k,$304k)*$280k
Average Days on Market Single Family Home: 83 (66, 58, 65, 58) *101

Condo Stats
Active Condos:  194 (190, 184, 193, 199) *312
Average Condo Listing Price:  $238,500 ($225k, $266k, $273k, $228k) *$286k
Average Condo Selling Price: $231,652 ($224k, $259k, $276k, $226k) *$281k
Condo Sale to List Ratio This Week: 97% (99%, 98%, 98%, 99%) 98%
Median Condo List Price (6 mo): $248,000 ($250k, $250k, $250k, $250k) $235k
Median Condo Sold Price (6 mo): $239,000 ($240k, $240k, $240k, $240k) *$225k
Average Days on Market Condos: 57 (46, 67, 72, 61) *51

Active Vacant Lots: 878 (868, 897, 918, 891) *1,031

Market Rant
Bit of a sleepy week this week, but that can be expected on the report that has Remembrance Day in it. Historically, this week tends to be one of the slowest of the year, and rightly so, as most will take a moment to reflect and remember those that have fought for the freedom we currently enjoy. It was still an active week though, given that all real estate activities are shut down on November 11th, so it only goes to show that this current market doesn't skip a beat. There was only a few variations this week to overall activity, and they included the reporting of higher sales values for the week, the increase of the average days oil market across the board, and slight reductions to the six month average median values in both tracked products. Does that mean to say things are slowing down finally? Likely not, but the next few weeks will certainly be an indication of where we might be headed as we get ready to welcome in the new year. Make sure you stop by to find out which way we go, and thanks for stopping by! 

Tyson is a 13 month old Harlequin great Dane. He is neutered and up to date on vaccines and flea and tick meds. Tyson is fearful with strangers, will bark and needs his space but improving.He is very affectionate with women especially but, he needs more time with men then he is very playful after that. Tyson has a moderate energy level. Will be a good guardian, needs some management when new people come to his home because he's fearful but we can advise you on this. 

Tyson thrives in a calm environment with one or 2 adults. No cats or small dogs but, he is Okay with medium/big dogs who love to play a little bit rough. Tyson has food resource guarding so needs to be fed separately for meals. He also has a chicken allergy . Tyson loves to play with people but he jumps a lot and can be rough with his paws or be mouthy. He is calm after exercise. He is used to being crated or left in a room when humans go to work. Tyson likes to run away with a stolen objects/ toys.He doesn't give his toys easily but he still wants too play with you do, it's Okay if you exchange with another toy. Tyson always wants to play with other dogs but can be rough with his paws...he's a Goofy sweet boy with other dogs and acts like a puppy! He is being foster with a golden doodle. Tyson doesn't like children only because they are too intrusive of his space and competition for his food resource guarding. He's a dog with good bones if he is in the right home for him, he is a very playful and affectionate dog.

This "cuddly companion" is available through Good Bones Dog Rescue, 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 31st - November 7th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 221 (195, 262, 212, 283) *268
Sold:  174  (153, 172, 142, 158) *111
Sale To Listing Ratio: 79% (79%, 66%, 67%, 56%) *41%
Price Changes: 96 (142, 137, 137, 157) *126
Listings that went conditional/pending: 188 (183, 204, 185, 183)  *147
Expired/Cancelled: 199 (83, 75, 94, 85) *203
Total Active Halifax/Dartmouth Inventory:  2,722 (2,788, 2,902, 2,934, 2,989) +3,732
Absorption Rate in weeks:  17 (18, 18, 18, 17) *31

Single Family Home Stats
Active Single Family Home: 1,444 (1,484, 1,555, 1,609, 1,625) *2,078
Average Single Family Home List Price:  $347,390 ($352k,$339k,$317k,$353k) *$336k
Average Single Family Home Selling Price:  $339,957 ($344k,$333k,$314k,$346k) *$321k
Single Family Home Sale to List Ratio This Week: 98%  (98%, 98%, 99%, 98%) *96%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$309k)*$289k
​Median Single Family Home Sold Price (6 mo):$305,000 ($305k,$305k,$304k,$302k)*$280k
Average Days on Market Single Family Home: 66 (58, 65, 58, 60) *115

Condo Stats
Active Condos:  190 (184, 193, 199, 207) *318
Average Condo Listing Price:  $224,580 ($266k, $273k, $228k, $258k) *$253k
Average Condo Selling Price: $224,421 ($259k, $276k, $226k, $243k) *$246k
Condo Sale to List Ratio This Week: 100% (98%, 98%, 99%, 94%) 97%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) $233k
Median Condo Sold Price (6 mo): $240,000 ($240k, $240k, $240k, $241k) *$225k
Average Days on Market Condos: 46 (67, 72, 61, 38) *87

Active Vacant Lots: 868 (897, 918, 891, 906) *1,023

Market Rant
It happened! The long wait to see if the overall inventory gap would spread wider that 1000 unit difference is over, it happened! Another strong sales week and higher than average expired listings caused a decent drop in the numbers this week, which in turn gave the green light to finally mark the anticipated gap spread amount. Another unusual happening this week is the further reduction of the absorption rate. Of course, given the formula of low inventory + solid sales = lower absorption rate, but usually the reduced activity of the year keeps this stat level, or increasing slightly week to week heading into Winter. It's a very significant difference with this stat from last year, and it's actually reporting back to the numbers of the late Spring, which was the lowest point of the year. The fact that we shaved off 14 weeks of the absorption rate in a short 12 months is surprising, especially given that I have tracked an entire year that fluctuated maybe 2-3 weeks in total. Definitely an indicator that we are in as strong of a sellers market that we have seen in a long time, just how long is the question. Historically, we should see the further reduction of inventory until we hit the lowest time of year, Christmas, but given the way things have been this year, I'm not so sure that trend will hold up. Make sure to stop by the blog to see if we trend in a different direction this year! Thanks for stopping by! 

​Sunday is Remembrance Day across Canada, and I would encourage every Canadian to get out and attend one of the many ceremonies across the city, which can be found HERE. Still not sure where to go and when to be there? Simply head to your closest Canadian Legion by 10:30am on the 11th to take in the day. ​​

"Tink" is a bit nervous at first and may even bark when she first meets you but give her some time to warm up and she is so sweet. She came to us when her owner became ill and unfortunately could no longer care for her. Tink really missed her owner at first and was pretty scared but then she found some new friends and is now behaving like a dog again. If you would like to meet Tink, please go slow and allow her to come to you. She will soon let you know that you can be best friends. Children 16 yrs and older.

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!