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Wishing you the best for this holiday season and good fortune in the new year! The regular blog posts will return in the new year, and I thank you for stopping by!
Halifax (HRM) Residential Market Statistic Update For Week of December 10 - December 17th, 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 247 (197, 232, 241, 248) *208 Sold: 82 (84, 116, 102, 125) *70 Sale To Listing Ratio: 43% (43%, 50%, 42%, 50%) *45% Price Changes: 121 (118, 166, 214, 219) Listings that went conditional/pending: 100 (99, 99, 109, 114) *67 Expired/Cancelled/Withdrawn: 311 (154, 525, 185, 199) *210 Total Active Halifax/Dartmouth Inventory: 4,850 (4,850, 4,893, 5,235, 5,278) *4,573 Absorption Rate in weeks: 45 (45, 44, 50, 49) 52 Single Family Home Stats Active Single Family Home: 3,144 (3,144, 3,174, 3,427, 3,472, 3,533) *2,928 Average Single Family Home List Price: $303,300 ($362k, $344k, $291k, $323k) *$301k Average Single Family Home Selling Price: $290,192 ($346k, $327k, $279k, $303k) *$292k Single Family Home Sale to List Ratio This Week: 96% (96%, 95%, 96%, 94%) *97% Median Single Family Home List Price: $256,000 ($278k, $290k, $275k, $255k) Median Single Family Home Sold Price: $248,500 ($276k, $283k, $263k, $246k) Average Days on Market Single Family Home: 110 (102, 105, 104, 143) *122 Condo Stats Active Condos: 408 (408, 418, 432, 441) *421 Average Condo Listing Price: $218,903 ($219k, $350k, $270k, $220k) *$241k Average Condo Selling Price: $208,250 ($208k, $326k, $260k, $209k) *$232k Condo Sale to List Ratio This Week: 95% (95%, 93%, 96%, 95%) *96% Median Condo List Price: $247,000 ($247k, $245k, $209k, $235k) Median Condo Sold Price: $236,750 ($237k, $232k, $200k, $228k) Average Days on Market Condos: 91 (91, 150, 91, 115) *134 Active Vacant Lots: 941 (1,036, 1,035, 1,071, 1,067) *941 MARKET RANT Time of the season is starting to impose the affect of annual trend as we approach the holiday season, but there is still some positive progress being made despite the approaching bottom. Although sales reported a typical "winter week", the lack of new additions to the market actually gave the overall sales to list ratio some weight. Compared to last year, there is a lot of positive changes that should be noted, even if marginal. Comparably, new listings are down, sales are up, offer activity is up, there's more expired/cancelled inventory pulling from the market, days spent on market are less, values for both tracked products are up, and the absorption rate markedly lower then that of last years report. The only pressing thorn is the inventory amounts. With condo inventory finally hitting par and eventually reporting under previous reports earlier in the year, single family homes and the overall inventory are still showing record heights. The gap is closing however, and one could hope that with the final stat falling in line, that we could see the start to a refreshing new market year. Thanks for stopping by!  Looking for someone to take me dashing through the snow WEEKLY ADOGTABLE Victor is a sweet, shy yet energetic boy searching for a new home. Victor knows most of his basic commands, and he even does a cute little dance for treats! He can be nervous in new settings, so his new family will need to be patient and take things slow with him until he is fully comfortable. We are recommending children over the age of 12 in his new home where he can be shy, and having a doggy friend will be dependant on the temperament because he can be a little dominant. If you're interested in meeting this handsome fella, come on by today!! This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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. Thanks for stopping by!  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 Week of December 3rd - December 10th, 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 197 (232, 241, 248, 234) *232 Sold: 84 (116, 102, 125, 94) *81 Sale To Listing Ratio: 43% (50%, 42%, 50%, 40%) *35% Price Changes: 118 (166, 214, 219, 184) Listings that went conditional/pending: 99 (99, 109, 114, 108) *85 Expired/Cancelled/Withdrawn: 154 (525, 185, 199, 221) *150 Total Active Halifax/Dartmouth Inventory: 4,850 (4,893, 5,235, 5,278, 5,339) *4,749 Absorption Rate in weeks: 45 (44, 50, 49, 51) 51 Single Family Home Stats Active Single Family Home: 3,144 (3,174, 3,427, 3,472, 3,533, 3,593) *3,037 Average Single Family Home List Price: $362,213 ($344k, $291k, $323k, $316k) *$283k Average Single Family Home Selling Price: $345,965 ($327k, $279k, $303k, $298k) *$270k Single Family Home Sale to List Ratio This Week: 96% (95%, 96%, 94%, 94%) *96% Median Single Family Home List Price: $277,450 ($290k, $275k, $255k, $240k) Median Single Family Home Sold Price: $276,000 ($283k, $263k, $246k, $230k) Average Days on Market Single Family Home: 102 (105, 104, 143, 82) *162 Condo Stats Active Condos: 408 (418, 432, 441, 450) *442 Average Condo Listing Price: $218,903 ($350k, $270k, $220k, $222k) *$247k Average Condo Selling Price: $208,250 ($326k, $260k, $209k, $213k) *$235k Condo Sale to List Ratio This Week: 95% (93%, 96%, 95%, 94%) *95% Median Condo List Price: $247,000 ($245k, $209k, $235k, $228k) Median Condo Sold Price: $236,750 ($232k, $200k, $228k, $213k) Average Days on Market Condos: 91 (150, 91, 115, 77) *134 Active Vacant Lots: 1,036 (1,035, 1,071, 1,067, 1,073) *973 MARKET RANT Time of the season is starting to impose the affect of annual trend as we approach the holiday season, but there is still some positive progress being made despite the approaching bottom. Although sales reported a typical "winter week", the lack of new additions to the market actually gave the overall sales to list ratio some weight. Compared to last year, there is a lot of positive changes that should be noted, even if marginal. Comparably, new listings are down, sales are up, offer activity is up, there's more expired/cancelled inventory pulling from the market, days spent on market are less, values for both tracked products are up, and the absorption rate markedly lower then that of last years report. The only pressing thorn is the inventory amounts. With condo inventory finally hitting par and eventually reporting under previous reports earlier in the year, single family homes and the overall inventory are still showing record heights. The gap is closing however, and one could hope that with the final stat falling in line, that we could see the start to a refreshing new market year. Thanks for stopping by!  Franco for the holidays? WEEKLY ADOGTABLE Franco is a big, handsome shepherd who is hoping for a home to call his own. Did we mention he is HANDSOME? Franco is looking for an experienced family as he does have some behavioural quirks. Resource guarding has been noted at the shelter, and he doesn't seem to like every dog he meets. However, this isn't to say that once he's out of this stressful environment that won't change! Franco is a lovely boy, who loves to learn. He knows his basic commands and listens very well for treats and praise. Children in the potential home should be over the age of 16 and we are asking for no kitties please :) If you're interested in meeting this handsome boy, come on by today! This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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. Thanks for stopping by!  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 Week of November 27th - December 3rd, 2015 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 232 (241, 248, 234, 291) *273 Sold: 116 (102, 125, 94, 98) *90 Sale To Listing Ratio: 50% (42%, 50%, 40%, 34%) *33% Price Changes: 166 (214, 219, 184, 250) Listings that went conditional/pending: 99 (109, 114, 108, 126) *90 Expired/Cancelled/Withdrawn: 525 (185, 199, 221, 729) *340 Total Active Halifax/Dartmouth Inventory: 4,893 (5,235, 5,278, 5,339, 5,407) *4,840 Absorption Rate in weeks: 44 (50, 49, 51, 53) 60 Single Family Home Stats Active Single Family Home: 3,174 (3,427, 3,472, 3,533, 3,593, 3,792) *3,117 Average Single Family Home List Price: $344,276 ($291k, $323k, $316k, $295k) *$273k Average Single Family Home Selling Price: $326,856 ($279k, $303k, $298k, $292k) *$262k Single Family Home Sale to List Ratio This Week: 95% (96%, 94%, 94%, 99%) *96% Median Single Family Home List Price: $289,900 ($275k, $255k, $240k, $280k) Median Single Family Home Sold Price: $282,500 ($263k, $246k, $230k, $270k) Average Days on Market Single Family Home: 105 (104, 143, 82, 115) *118 Condo Stats Active Condos: 418 (432, 441, 450, 445) *440 Average Condo Listing Price: $350,199 ($270k, $220k, $222k, $440k) *$261k Average Condo Selling Price: $326,055 ($260k, $209k, $213k, $430k) *$253k Condo Sale to List Ratio This Week: 93% (96%, 95%, 94%, 98%) *97% Median Condo List Price: $244,449 ($209k, $235k, $228k, 285k) Median Condo Sold Price: $231,500 ($200k, $228k, $213k, $280k) Average Days on Market Condos: 150 (91, 115, 77, 76) *153 Active Vacant Lots: 1,035 (1,071, 1,067, 1,073, 1,073) *983 MARKET RANT Some interesting numbers this week! The massive pile of listings that retreated from the market this week had a huge impact on the overall numbers, and as such, narrowed the overall inventory gap between this year and last year to double digits. Maybe the residual effect, but a strong sales and limited new listing week boosted the sales to list ratio back to 50% for the second time this year; two weeks ago being the first. Values were solid yet again this week, but the average single family home values may have been pushed out of whack due to the $5 million dollar estate that sold this week, however, median prices stay true to form. Quite a significantly lower absorption rate at this time comparably, while averagely, it has been on line or just below last years stats. I want to say that the end of the year is proving to be the soft adjustment that many were looking for, but it just doesn't seem to be adding up entirely. Activity in general continues it's decline, but the positive note is that what little activity there is, it seems to be set in the right direction.  Meet Spartacus! WEEKLY ADOGTABLE Spartacus is a four month old pup searching for his home for the holidays! This handsome boy may be small now, but we expect him to be at least 70lbs when he's all grown up - 70lbs of FUN, once he gets all his manners and basic commands in order :) He gets along great with the other dogs, but would benefit from further socialization with dogs and people! He hasn't met any kitties yet, but with the right integration it could work. A home with children would be great, but keep in mind puppies like to use their mouths when playing. Obedience training is mandatory upon adoption. Come meet this sweet boy today! This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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. Thanks for stopping by!  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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