(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 117 (163,118, 147, 151) *200
Sold:  112  (141, 143, 159, 129) *168
Sale To Listing Ratio: 96% (87%, 121%, 108%, 85%) *84%
Price Changes: 26 (26, 38, 42, 34) *43
Listings that went conditional/pending: 123 (141, 169, 168, 136)  *189
Expired/Cancelled/Withdrawn: 35 (48, 57, 24, 36) *54
Total Active Halifax/Dartmouth Inventory:  706 (762, 778, 877, 909) +1,306
Absorption Rate in weeks:  5 (5, 5, 6, 6) *7

Single Family Home Stats
Active Single Family Home: 192 (226, 239, 282, 297) *553
Average Single Family Home List Price:  $494,167 ($443k,$475k,$469k,$450k) *$421k
Average Single Family Home Selling Price:  $529,133 ($483k,$522k,$508k,$496k) *$418k
Single Family Home Sale to List Ratio This Week: 107%  (109%,110%,108%,110%) *99%
Median Single Family Home List Price (6 mo): $394,000 ($390k,$390k,$390k,$390k) *$350k
​Median Single Family Home Sold Price (6 mo):$436,000 ($436k,$437k,$437k,$437k)*$358k
Average Days on Market Single Family Home: 22 (18, 19, 22, 15) *51

Condo Stats
Active Condos:  44 (54, 49, 61, 60) *117
Average Condo Listing Price:  $385,630 ($384k,$346k, $382k, $351k) *$313k
Average Condo Selling Price: $408,840 ($413k,$370k, $405k, $377k) *$316k
Condo Sale to List Ratio This Week: 106% (107%, 107%, 106%, 107%)  *101%
Median Condo List Price (6 mo): $325,000 ($325k, $325k, $325k, $325k) *$270k
Median Condo Sold Price (6 mo): $342,500 ($341k, $340k, $341k, $341k) *$270k
Average Days on Market Condos: 73 (16, 13, 33, 8) *34

Active Vacant Lots: 353 (364, 372, 404, 416) *510

Market Rant
Hopefully Santa will be bringing more listings to the market for next year, if not, we could be in for another high tension market year. At this time last year the cupboards were almost bare, but this year is that much worse, with hardly any options out there at the moment. Both condo and single family homes dropped over half of their inventory volumes from last year, even vacant lots got in the mix too, shedding sizeable chunk of weight from the usually bloated stat. Not surprising that overall activity is lacking right now, new listings are way down, and even sales/pending sales are down, but I'm thinking the lack of options out there is what's keeping those numbers from being considerably higher. Speaking of higher, just look at the incredible value jump from last year! The six month family home selling price increased a whopping 20% this year, and condos an surprising 24%! Halifax, in usual markets, tends to report an annual gain of 3-5%, which is why the above changes are unusual for our "steady Eddie" market. For the first time in a few months, the average single family home listing price jumped a decent amount and now sits $44k more than last year, while condo listing prices jumped even more significantly by increasing 55k. Supply (or lack thereof) and demand continues to drive the market, and with all eyes shifting to 2022 the question of how the market will perform next year is at the forefront. The Halifax Real Estate blog has you covered though, so be sure to check in on the weekly and stay informed! Thanks for stopping by, and stay safe out there! 

​Happy Holidays!
​I just wanted to wish all my clients (past, present and future), friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant will return in 2022, with the 2021 market year summary! Be sure to stop by, you will not want to miss it! 

Pepper is an affectionate little man who is happy to be scooped up in your arms and spend all his time with you. 
He is very food motivated which is helpful for any future training and is eager to please. 

An additional transport fee of $150 will apply on top of the adoption fee. This fee will be used towards the mandatory heartworm re-test to be performed 6 months from the original test date.
Interested in adopting? Pleas e review our new adoption process here: https://www.novascotiaspca.ca/adoptionprocess/

This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from 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!

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. 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

(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 163 (118, 147, 151, 183) *193
Sold:  141  (143, 159, 129, 169) *178
Sale To Listing Ratio: 87% (121%, 108%, 85%, 92%) *92%
Price Changes: 26 (38, 42, 34, 30) *48
Listings that went conditional/pending: 141 (169, 168, 136, 171)  *159
Expired/Cancelled/Withdrawn: 48 (57, 24, 36, 46) *37
Total Active Halifax/Dartmouth Inventory:  762 (778, 877, 909, 916) +1,347
Absorption Rate in weeks:  5 (5, 6, 6, 6) *6

Single Family Home Stats
Active Single Family Home: 226 (239, 282, 297, 311) *579
Average Single Family Home List Price:  $443,421 ($475k,$469k,$450k,$469k) *$414k
Average Single Family Home Selling Price:  $482,569 ($522k,$508k,$496k,$506k) *$422k
Single Family Home Sale to List Ratio This Week: 109%  (110%,108%,110%,108%) *102%
Median Single Family Home List Price (6 mo): $389,900 ($340k,$340k,$390k,$340k) *$350k
​Median Single Family Home Sold Price (6 mo):$436,000 ($437k,$437k,$437k,$436k)*$355k
Average Days on Market Single Family Home: 18 (19, 22, 15, 20) *46

Condo Stats
Active Condos:  54 (49, 61, 60, 56) *125
Average Condo Listing Price:  $384,205 ($346k, $382k, $351k, $435k) *$286k
Average Condo Selling Price: $412,615 ($370k, $405k, $377k, $429k) *$284k
Condo Sale to List Ratio This Week: 107% (107%, 106%, 107%, 99%)  *99%
Median Condo List Price (6 mo): $325,000 ($325k, $325k, $325k, $325k) *$270k
Median Condo Sold Price (6 mo): $341,000 ($340k, $341k, $341k, $348k) *$270k
Average Days on Market Condos: 16 (13, 33, 8, 13) *17

Active Vacant Lots: 364 (372, 404, 416, 416) *505

Market Rant
A surprising amount of new inventory additions this week, but I don't think you will hear any complaints from the weary buyers out there. New additions did seem to drag in the last couple of weeks, which sent the sales to list ratio way over annual averages, but with this weeks report, the balance has returned. Buyer activity is still strong at the moment, but with the limited inventory and time of year, most engaged in the current market have noticed a bit of a lull. Single family home averages took a hit this week, but Condo prices saw quite the opposite with a sustained value report. This time of year does tend to lend to odd reports and anomalies that do not represent the overall yearly market, but there are several factors during this time of year that account for that. Sometimes we get a ton of snow dumped on the city, sometimes there are holidays, sometimes there is simply nothing on the market for many buyers, and sometimes there is just no explanation for the market being ghosted by buyers. With the biggest holiday season on the horizon however, it does influence the market activity annually. It just seems to stand out a bit more this year with the level of uncertainty we are headed into 2022 with. All eyes on the new year at this point, and the Halifax Real Estate Blog has you covered, so be sure to stop by, or reach out if you have any questions! Thanks for stopping by, and stay safe out there! 

This big guy is hoping to find a new home with a large fenced in yard to run around. A high energy boy, mental stimulation will be very important as well. Bronny can startle easily with new people and unfamiliar situations so showing him lots of patience and allowing him to move at his own pace will help him to gain confidence and he will be your best bud forever..

Our hours of operation can be found here: https://www.novascotiaspca.ca/shelters/dartmouth-shelter/

You can find out more about our adoption process here:
https://www.novascotiaspca.ca/adoptionprocess/
Fill out an application here: https://www.novascotiaspca.ca/dog-adoption-application/​


​This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from 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!

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. 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

(Previous weeks numbers in brackets)

*Previous Year's Stats​

Total Market
New/Back to Market Listings: 118 (147, 151, 183, 192) *229
Sold:  143  (159, 129, 169, 162) *194
Sale To Listing Ratio: 121% (108%, 85%, 92%, 84%) *85%
Price Changes: 38 (42, 34, 30, 53) *72
Listings that went conditional/pending: 169 (168, 136, 171, 186)  *208
Expired/Cancelled/Withdrawn: 57 (24, 36, 46, 99) *123
Total Active Halifax/Dartmouth Inventory:  778 (877, 909, 916, 942) +1,360
Absorption Rate in weeks:  5 (6, 6, 6, 6) *6

Single Family Home Stats
Active Single Family Home: 239 (282, 297, 311, 331) *575
Average Single Family Home List Price:  $474,955 ($469k,$450k,$469k,$472k) *$398k
Average Single Family Home Selling Price:  $521,521 ($508k,$496k,$506k,$509k) *$403k
Single Family Home Sale to List Ratio This Week: 110%  (108%,110%,108%,108%) *101%
Median Single Family Home List Price (6 mo): $389,900 ($340k,$390k,$340k,$386k) *$350k
​Median Single Family Home Sold Price (6 mo):$436,500 ($437k,$437k,$436k,$435k)*$355k
Average Days on Market Single Family Home: 19 (22, 15, 20, 17) *36

Condo Stats
Active Condos:  49 (61, 60, 56, 63) *130
Average Condo Listing Price:  $345,975 ($382k, $351k, $435k, $474k) *$385k
Average Condo Selling Price: $370,044 ($405k, $377k, $429k, $458k) *$377k
Condo Sale to List Ratio This Week: 107% (106%, 107%, 99%, 97%)  *98%
Median Condo List Price (6 mo): $325,000 ($325k, $325k, $325k, $325k) *$270k
Median Condo Sold Price (6 mo): $34o,000 ($341k, $341k, $348k, $345k) *$270k
Average Days on Market Condos: 13 (33, 8, 13, 19) *31

Active Vacant Lots: 372 (404, 416, 416, 409) *513

Market Rant
And the hits keep coming. The already decimated inventory took another significant loss again this week, reporting almost half of the total amount from last year at this time, but single family homes and condos are reporting well under level. Again, annual trend does command this reduction around this time, it just seems amplified by the already record low availability which is causing some concern for the inventory recovery in 2022. New listing additions have stalled a bit as well, which may be caused by the lacking inventory since sellers with the need to move and stay in HRM find themselves without options. Sales are still doing very well however, solid reports week to week, regardless of this inventory void. Despite the lack of property for sale, average values and the overbid percentages seem to be holding, which lends to the idea that a correction is actually underway and may start to show more during the 2022 Spring market. So it looks like we are going to end 2021 with a lot of questions and speculation for the market next year, which is not so common for the Halifax market pre-2020. What was a predictable and steadfast market has become anything but, forcing many buyers out as selling prices to rocketed to record heights. Expect the next few reports as we head to the end of the year to look bit off from usual stats, but tis the season for the unexpected! Thanks for stopping by and stay safe out there! 

This beautiful Amstaff mix is looking for that special Human. Ranger is a young (just under 2 years old) high energy good natured dog that would do well with some consistent exercise, training and steadfast love. Ranger is very friendly with people. He loves to play but can get mouthy when over stimulated and will require some gentle training to improve his manners. For this reason we recommend a home with children over 14. Ranger is a good student eager to learn and hungry for attention. We are looking for a patient adopter who will give him the proper exercise, invest in his training by taking him to classes and working with him daily. For this lucky person we feel Ranger has the potential to be a truly excellent companion and deserves the best. 

You can find out more about our adoption process here:
https://www.novascotiaspca.ca/adoptionprocess/
Fill out an application here: https://www.novascotiaspca.ca/dog-adoption-application/​


​This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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!

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. 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