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Halifax (HRM) Residential Statistic Update for the Week of November 1st - 8th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 268 (233, 225, 283, 227) *214 Sold: 111 (121, 117, 141, 108) *123 Sale To Listing Ratio: 41% (50%, 52%, 50%, 48%) *58% Price Changes: 126 (165, 118, 124, 173) *179 Listings that went conditional/pending: 147 (140, 128, 140, 157) *138 Expired/Cancelled/Withdrawn: 203 (281, 101, 129, 88) *144 Total Active Halifax/Dartmouth Inventory: 3,732 (3,731, 3,884, 3,889, 3,881) +4,165 Absorption Rate in weeks: 31 (31, 31, 28, 26) *33 Single Family Home Stats Active Single Family Home: 2,078 (2,089, 2,181, 2,163, 2,171) *2,511 Average Single Family Home List Price: $335,567 ($292k,$305k,$327k,$318k) *$286k Average Single Family Home Selling Price: $321,341 ($281k,$295k,$317k,$307k) *$275k Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 97%, 96%) *96% Median Single Family Home List Price (6 mo): $288,900 ($289k,$290k,$290k,$280k)*$280k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$282k,$283k,$283k)*$270k Average Days on Market Single Family Home: 115 (63, 49, 71, 81) *80 Condo Stats Active Condos: 318 (313, 315, 317, 321, 319) *403 Average Condo Listing Price: $253,236 ($287k, $262k, $235k, $225k) *$192k Average Condo Selling Price: $245,771 ($277k, $253k, $228k, $222k) *$185k Condo Sale to List Ratio This Week: 97% (96%, 96%, 97%, 99%) 96% Median Condo List Price (6 mo): $233,150 ($230k, $230k, $225k, $227k) *$249k Median Condo Sold Price (6 mo): $225,000 ($224k, $221k, $220k, $220k) *$240k Average Days on Market Condos: 87 (155, 101, 125, 149) *88 Active Vacant Lots: 1,023 (1,027, 1,064, 1,080, 1,045) *1,008 Market Rant Even with that inventory slide we saw last week, the levels pretty much balanced off, which is different from the usual week after bounce back. Just an indicator that annual trend is in full swing. Surprisingly, there was an above average amount of new listings this week, and not so surprising is that they were met with fewer buyers for the time of year. Still, buyer activity remains in full sprint mode, as many are still attempting to get into their new digs before the new year is out, and with only a few more weeks until Christmas, the game is on! Values overall remained steady this week, and so too is the absorption rate, which evened out after a drastic freewill a few weeks back. This weekend, the Remembrance Day weekend, is usually a low point for the years activity, second only to Christmas. Rightly so, since taking the time to remember the people directly involved with preserving our freedom, who paid the ultimate sacrifice for that freedom, should supersede most activities that day. 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. The Weekly Adogtable! Meet Kane! A laid back boy, Kane is looking for a family with the perfect couch for him to lounge on. Put on the TV and take a seat beside him, he's sure to enjoy the time spent with his new family. Kane would prefer to be the king of the home - due to lack of socializing in his early years, he'd thrive in a setting where he doesn't need to share his space with other animals. He does well meeting dogs on walks, but doesn't quite understand how to play respectfully. Obedience classes would be a great idea for this guy, as it helps build a strong relationship and will teach him the ins and outs and being a good boy. Kane would do best in a home: With kids over the age of 5 Without other animals Any activity level, keeping in mind he's not overly active This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 Halifax (HRM) Residential Statistic Update for the Week of October 25th - November 1st, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 244 (225, 283, 227, 272) *237 Sold: 121 (117, 141, 108, 138) *121 Sale To Listing Ratio: 50% (52%, 50%, 48%, 51%) *51% Price Changes: 165 (118, 124, 173, 174) *148 Listings that went conditional/pending: 140 (128, 140, 157, 154) *140 Expired/Cancelled/Withdrawn: 281 (101, 129, 88, 274) *337 Total Active Halifax/Dartmouth Inventory: 3,731 (3,884, 3,889, 3,881, 3,894) +4,227 Absorption Rate in weeks: 31 (31, 28, 26, 25) *33 Single Family Home Stats Active Single Family Home: 2,089 (2,181, 2,163, 2,171, 2,186) *2,562 Average Single Family Home List Price: $292,331 ($305k,$327k,$318k,$346k) *$286k Average Single Family Home Selling Price: $281,278 ($295k,$317k,$307k,$338k) *$274k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 98%) *96% Median Single Family Home List Price (6 mo): $288,850 ($290k,$290k,$280k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($282k,$283k,$283k,$283k)*$265k Average Days on Market Single Family Home: 63 (49, 71, 81, 70) *78 Condo Stats Active Condos: 313 (315, 317, 321, 319, 329) *394 Average Condo Listing Price: $286,800 ($262k, $235k, $225k, $244k) *$262k Average Condo Selling Price: $276,487 ($253k, $228k, $222k, $238k) *$257k Condo Sale to List Ratio This Week: 96% (96%, 97%, 99%, 97%) 98% Median Condo List Price (6 mo): $229,900 ($230k, $225k, $227k, $230k) *$249k Median Condo Sold Price (6 mo): $223,500 ($221k, $220k, $220k, $221k) *$240k Average Days on Market Condos: 155 (101, 125, 149, 112) *107 Active Vacant Lots: 1,027 (1,064, 1,080, 1,045, 1,043) *1,023 Market Rant From a fairly fast slip, the absorption rate has levelled out after quite the show, for this week anyways. It's still rather impressive that we have gained 6 additional weeks in such a short time, but the market, much like the weather, seems to have cooled rather quickly in the early Fall so it was almost expectant. The first half of November is usually a rather slow time, with a combination of expiring listings, lack of buyer interest, and a vacancy as we approach Remembrance Day. Not much of a pick-up after that usually either, as the approach to Christmas sees a further decline in activity. Have no fear though, things usually get right back on track and starts right back up again in the new year! I dare say, there are still segments of the market seeing significant activity levels, and until this buyer bulge has been fed it will continue. If these demands have not been met by the new year, and the demand is just as great, we can expect to see a market even hotter in areas than they were this year. Not good news for buyers in these areas, but it may leave some sellers licking their chops in anticipation. Interesting times indeed! Stay tuned to the blog to stay on top of all things Halifax real estate! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Bellamy is looking for an active family that will help him in becoming the best dog ever. He's charming, playful, eager to please and would benefit from leadership and structure in his forever home. In no time, he'll be a great walking buddy, a cuddler and he will be begging you to go outside to toss the ball around with him. Bellamy's ideal home: - With children over the age of 12 - With or without other dogs - Registration in obedience classes required upon adoption - he needs to learn manners with playing, walking and greeting people. This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 Halifax (HRM) Residential Statistic Update for the Week of October 18th - 25th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 225 (283, 227, 272, 285) *249 Sold: 117 (141, 108, 138, 174) *136 Sale To Listing Ratio: 52% (50%, 48%, 51%, 61%) *55% Price Changes: 118 (124, 173, 174, 172) *195 Listings that went conditional/pending: 128 (140, 157, 154, 164) *158 Expired/Cancelled/Withdrawn: 101 (129, 88, 274, 127) *112 Total Active Halifax/Dartmouth Inventory: 3,884 (3,889, 3,881, 3,894, 4,030) +4,438 Absorption Rate in weeks: 31 (28, 26, 25, 27) *34 Single Family Home Stats Active Single Family Home: 2,181 (2,163, 2,171, 2,186, 2,258) *2,687 Average Single Family Home List Price: $305,246 ($327k,$318k,$346k,$308k) *$292k Average Single Family Home Selling Price: $294,854 ($317k,$307k,$338k,$299k) *$282k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$280k,$290k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$282,250 ($283k,$283k,$283k,$282k)*$267k Average Days on Market Single Family Home: 49 (71, 81, 70, 53) *99 Condo Stats Active Condos: 315 (317, 321, 319, 329, 328) *402 Average Condo Listing Price: $262,400 ($235k, $225k, $244k, $213k) *$245k Average Condo Selling Price: $253,000 ($228k, $222k, $238k, $206k) *$233k Condo Sale to List Ratio This Week: 96% (97%, 99%, 97%, 97%) 95% Median Condo List Price (6 mo): $229,900 ($225k, $227k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($220k, $220k, $221k, $221k) *$240k Average Days on Market Condos: 101 (125, 149, 112, 79) *125 Active Vacant Lots: 1,064 (1,080, 1,045, 1,043, 1,071) *1,193 Market Rant The good news is that there hasn't been a significant change of overall activity, the bad news is that one of the important market indicators is rising at an alarming pace; the absorption rate. It's quite typical for this statistic to slowly increase as the market heads towards the slow season, but we have gained six weeks in a short span of three, It usually takes a few weeks to confirm market change, or to see if that weekly report was just an anomaly, but it's looking like we are on pace to slow down to last years tempo. If you compare last year to this one, you will see stats that are starting to get closer and closer as the weeks go on. I've been eyeing the inventory levels over the year, and have noticed a gap closing trend beginning in the Summer, but we are quite ahead this year. Now, we are still a far cry from last years market (which wasn't that bad actually), and every market has its ups and downs. the 2018 market year has been a good one in most aspects, so it shouldn't be that much of a surprise that things have to move in the opposite direction sometimes. Makes for a balanced market, which is ideal for both buyer and seller. See how the rest of the year turns out by tuning into the blog often! Thanks for stopping by, and don't forget to hit the "like" button at the bottom of the post! The Weekly Adogtable! Meet Diego! Found stray Male +/- 1 year old. Will be neutered shortly. Vaccinated. Needs time and patience, acts like a puppy Nervous in a new environment, smells everything. OK with touching all ove.r Excited and maybe dominant w/ other dogs. Gobbles food so needs a slow release bowl and does not like anyone to bother him when he eats. Jumps a lot .Energetic. Knows basic commands. Pulls on leash. Has an ear infection. On treatment. This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 30 & 32 Parkhill Road, HalifaxRare opportunity in one of Halifax’s most desirable neighbourhoods awaits! Here is your chance to own two stunning turn-key properties located on two sizeable lots, backing onto Sir Sandford Fleming Park in sought after Jollimore. 32 Parkhill Rd is a lovingly reconstructed 4 bedroom, 2-storey home, while 30 Parkhill is a cozy 1 bed, 1 bath bungalow that has ton’s of potential. Perfect setup for those with extended family, or for those looking to add to, or start their investment portfolio. Walking distance to The Dingle Park, which includes trails, beaches, and recreation, but also situated in a desirable schooling district, and close to all amenities. Opportunities like this do not come by often, call today for your personal tour before it passes by. Jeremiah 902-579-7653 Full details can also be found 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 Halifax (HRM) Residential Statistic Update for the Week of October 11th - 18th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 283 (227, 272, 285, 280) *227 Sold: 141 (108, 138, 174, 167) *126 Sale To Listing Ratio: 50% (48%, 51%, 61%, 60%) *56% Price Changes: 124 (173, 174, 172, 163) *196 Listings that went conditional/pending: 140 (157, 154, 164, 176) *158 Expired/Cancelled/Withdrawn: 129 (88, 274, 127, 111) *133 Total Active Halifax/Dartmouth Inventory: 3,889 (3,881, 3,894, 4,030, 4,026) +4,450 Absorption Rate in weeks: 28 (26, 25, 27, 28) *34 Single Family Home Stats Active Single Family Home: 2,163 (2,171, 2,186, 2,258, 2,283) *2,693 Average Single Family Home List Price: $326,863 ($318k,$346k,$308k,$303k) *$282k Average Single Family Home Selling Price: $316,608 ($307k,$338k,$299k,$295k) *$283k Single Family Home Sale to List Ratio This Week: 97% (96%, 98%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($280k,$290k,$290k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$283k,$282k,$283k)*$268k Average Days on Market Single Family Home: 71 (81, 70, 53, 56) *73 Condo Stats Active Condos: 317 (321, 319, 329, 328, 330) *401 Average Condo Listing Price: $234,775 ($225k, $244k, $213k, $323k) *$235k Average Condo Selling Price: $227,847 ($222k, $238k, $206k, $314k) *$223k Condo Sale to List Ratio This Week: 97% (99%, 97%, 97%, 97%) 95% Median Condo List Price (6 mo): $225,000 ($227k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $220,000 ($220k, $221k, $221k, $221k) *$235k Average Days on Market Condos: 125 (149, 112, 79, 105) *118 Active Vacant Lots: 1,080 (1,045, 1,043, 1,071, 1,067) *1,103 Market Rant Is there finally a crack in the veneer, or are we in full swing of the Fall market decline? I would lean towards the latter since its been a great market year so far, but I can acknowledge that there does seem to be an activity wane from the last few weeks. Still, we are reporting better than last year at this time, which was reporting better than several years up to that point, so we are still in good shape. Inventory gained a touch this week, but that can be attributed to a bulk of vacant land that hit the market, as the other tracked products both took reductions. Not surprising that the absorption rate edged up a couple weeks, with average-low sales and consistent listing additions, but again, it is well off last years mark, and that's a good thing. So, it might be an average week, and things might be slowing down, but this is the trend for this time of year so there is no cause for alarm. Usually, this time of year is even sleepier than this, but there are still pockets of communities and price points that have yet to feel it. Interesting times indeed. Make sure to check in and stay on top of our ever changing market landscape! Thanks for stopping by, and don't forget to hit the LIKE button at the bottom of the post! The Weekly Adogtable! Meet Sam. He needs a neuter and chip on us) Age: 1-2 years old Vaccinated Crate trained. Well socialized w/ humans Loves attention and you can touch him all over. No resource guarding. Takes treats gently. Playful w/ female dogs and prefers them over males. Cats unknown. Energetic, Knows basic command: sit Pulls a bit on leash. Not recommended w/ small children as he is strong and may accidentally knock them over. This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 Halifax (HRM) Residential Statistic Update for the Week of October 4th - 11th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (272, 285, 280, 227) *233 Sold: 108 (138, 174, 167, 141) *131 Sale To Listing Ratio: 48% (51%, 61%, 60%, 62%) *56% Price Changes: 173 (174, 172, 163, 161) *166 Listings that went conditional/pending: 157 (154, 164, 176, 165) *109 Expired/Cancelled/Withdrawn: 88 (274, 127, 111, 89) *117 Total Active Halifax/Dartmouth Inventory: 3,881 (3,894, 4,030, 4,026, 4,031) +4,519 Absorption Rate in weeks: 26 (25, 27, 28, 29) *33 Single Family Home Stats Active Single Family Home: 2,171 (2,186, 2,258, 2,283, 2,288) *2,753 Average Single Family Home List Price: $318,008 ($346k,$308k,$303k,$336k) *$354k Average Single Family Home Selling Price: $306,450 ($338k,$299k,$295k,$323k) *$335k Single Family Home Sale to List Ratio This Week: 96% (98%, 97%, 97%, 96%) *95% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$290k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$282k,$283k,$283k)*$270k Average Days on Market Single Family Home: 81 (70, 53, 56, 67) *78 Condo Stats Active Condos: 321 (319, 329, 328, 330) *413 Average Condo Listing Price: $224,950 ($244k, $213k, $323k, $254k) *$263k Average Condo Selling Price: $221,482 ($238k, $206k, $314k) *$253k Condo Sale to List Ratio This Week: 99% (97%, 97%, 97%, 96% 96% Median Condo List Price (6 mo): $226,450 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $220,000 ($221k, $221k, $221k, $221k) *$236k Average Days on Market Condos: 149 (112, 79, 105, 122) *121 Active Vacant Lots: 1,045 (1,043, 1,071, 1,067, 1,069) *1,111 Market Rant A few notes right off the top; definitely a lot less products pulling from the market, and many more listings that changed to conditional/pending this week compared to last year this time. Some of the other stats are reporting averagely, and some are actually reporting a little lacklustre, like sales and price changes. Overall inventory took a slight reduction this week, and is still a good step on the bulk of last year, but this was the time that a balanced market started to embrace several areas of the region. Since then, the market has improved little by little, and we are now experiencing areas that are seeing a sellers market. Beginning of September was almost the turning point in the red hot market up to that point, and although activity remains steady in the Fall so far, the first three quarters of the market year certainly had the accelerator pinned to the floor. Still lots of time left though, and as we approach the Winter (already), all eyes focus to the horizon in anticipation of the cresting market. The blog has you covered, so stay tuned and stay informed! Thanks for stopping by, and don't forget to hit the like bottom at the bottom of the post! The Weekly Adogtable! Schooner's personality is as big as he is! He's a happy-go-lucky dog that loves to play and be around people. He's one smart cookie too! He knows many commands but definitely needs a family that can teach him his manners and keep him active and busy. With the right leadership, he's sure to be a great walking or hiking buddy. Schooner's ideal home: - With children over the age of 12 - With no other animals - Obedience training mandatory upon adoption This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 Halifax (HRM) Residential Statistic Update for the Week of September 27th - October 4th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (285, 280, 227, 208) *315 Sold: 138 (174, 167, 141, 126) *124 Sale To Listing Ratio: 51% (61%, 60%, 62%, 61%) *40% Price Changes: 174 (172, 163, 161, 143) *190 Listings that went conditional/pending: 154 (164, 176, 165, 135) *162 Expired/Cancelled/Withdrawn: 274 (127, 111, 89, 201) *301 Total Active Halifax/Dartmouth Inventory: 3,894 (4,030, 4,026, 4,031, 4,027) +4,500 Absorption Rate in weeks: 25 (27, 28, 29, 27) *32 Single Family Home Stats Active Single Family Home: 2,186 (2,258, 2,283, 2,288, 2,287) *2,750 Average Single Family Home List Price: $345,978 ($308k,$303k,$336k,$333k) *$289k Average Single Family Home Selling Price: $337,508 ($299k,$295k,$323k,$323k) *$277k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 96%, 97%) *96% Median Single Family Home List Price (6 mo): $289,900 ($290k,$290k,$290k,$289k)*$275k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$283k,$283k,$282k)*$270k Average Days on Market Single Family Home: 70 (53, 56, 67, 66) *94 Condo Stats Active Condos: 319 (329, 328, 330, 331) *407 Average Condo Listing Price: $244,400 ($213k, $323k, $254k, $256k) *$294kk Average Condo Selling Price: $237,830 ($206k, $314k, $244k) *$281k Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%) 96% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($221k, $221k, $221k,$223k) *$236k Average Days on Market Condos: 112 (79, 105, 122, 74) *115 Active Vacant Lots: 1,043 (1,071, 1,067, 1,069, 1,067) *1,106 Market Rant Dropping like flies! It is a usual event for the inventory to start dropping off at an accelerated rate, but with the way the market has been this year, I was thinking things may have been different. Business as usual this week however, as the market falls into annual trend. Speaking of trend, there seems to be an activity falloff right before the Thanksgiving long weekend. After a couple weeks of sale surge, we fell a bit short this week, and if the trend holds true, then this lesser report should repeat next week. It appears that a number of properties decided to throw in the towel this week as well, which was contributing factor to the inventory reduction. It is the end of the month engagement/renewal time, and as we approach the end of the year, more and more sellers will want to reevaluate a property that has not sold and decide to keep in the game, or wait it out until the market can absorb their property. We still have quite the edge on last years market though, with much less inventory, an impressive absorption rate, increased values, and shorter time on market. I think the market still has a few surprises left this year, so stay tuned to find out if that is the case! Thanks for stopping by, and don't forget to hit the LIKE button at the end of the post! The Weekly Adogtable! Meet Shyla! Very petite terrier mix Name: Shyla Age: 14 months old Sex: female Needs a spay and chip shortly on us. Up to date on all vaccines Size: petite Color: black and white and some brindle Weight: 25-30 lbs Temp: sweet and very loving and mischievous. Housetrained Loves her kong and needs strong chew toys Cats :unknown Dogs:yes Kids: yes No fears 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!  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 Halifax (HRM) Residential Statistic Update for the Week of September 20th-27th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 285 (280, 227, 208, 294) *267 Sold: 174 (167, 141, 126, 147) *148 Sale To Listing Ratio: 61% (60%, 62%, 61%, 50%) *55% Price Changes: 172 (163, 161, 143, 158) *219 Listings that went conditional/pending: 164 (176, 165, 135, 179) *149 Expired/Cancelled/Withdrawn: 127 (111, 89, 201, 142) *149 Total Active Halifax/Dartmouth Inventory: 4,030 (4,026, 4,031, 4,027, 4,194) +4,613 Absorption Rate in weeks: 27 (28, 29, 27, 26) *33 Single Family Home Stats Active Single Family Home: 2,258 (2,283, 2,288, 2,287, 2,392) *2,837 Average Single Family Home List Price: $308,418 ($303k,$336k,$333k,$318k) *$299k Average Single Family Home Selling Price: $298,932 ($295k,$323k,$323k,$308k) *$289k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 (%290k,$290k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$282,000 ($283k,$283k,$282k,$281k)*$270k Average Days on Market Single Family Home: 53 (56, 67, 66, 69) *70 Condo Stats Active Condos: 329 (328, 330, 331, 357) *416 Average Condo Listing Price: $212,757 ($323k, $254k, $256k, $287k) *$264k Average Condo Selling Price: $205,968 ($314k, $244k, $249k) *$255k Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%) 97% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $221,000 ($221k, $221k,$223k, $221k) *$235k Average Days on Market Condos: 79 (105, 122, 74, 118) *146 Active Vacant Lots: 1,071 (1,067, 1,069, 1,067, 1,084) *1,123 Market Rant Welcome to the first week of Fall! I don't know if it's me, but didn't Summer seemed to come and go too quickly. September hit, and it was like a switch! What is usually the sleeper time in general, turned out to be one of the hottest Summers for both market and weather! Momentum is certainly carrying forward so far, and there doesn't seem to be any end in sight. Lots of buyer backup still in play, and there remains a lack of selection out there for the wary buyers. Usually, buyers have a "must have" list when looking for their next home. It used to be, If you are getting 80-90% of that list you were doing good, now its more like 60-70%. It's definitely interesting to watch the different market types, trends, and how the players react when push comes to shove. Definitely feels like the market of 2010/11 out there right now, but if you recall, it wasn't too far after that the market had a change of direction for several years. For sellers, it's critical that you ride the wave while it still surges, and for buyers, it's important not to but too high in case of a market turnaround. Will that happen anytime soon? Unlikely, but you will have to stay tuned to the blog to stay on top of things! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Tony! He's a fella who Needs a neuter and microchip on us. He is up to date on vaccines but needs rabies shot. Crate trained but not a fan of being caged. Well socialized with people, happy to see them. Likes to sniff a lot on walks. Ok with touching all over but, a little sensitive when touching his tail, will attempt to avoid your hand or walk away. No resource guarding, takes treats nicely. Playful with dogs, hackles on his back at first from nerves but , he will relax very quickly. Cats unknown. Jumps when playing, nibbles and plays like a bully breed. 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!  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 Halifax (HRM) Residential Statistic Update for the Week of September 13th-20th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 280 (227, 208, 294, 255) *272 Sold: 167 (141, 126, 147, 146) *143 Sale To Listing Ratio: 60% (62%, 61%, 50%, 57%) *53% Price Changes: 163 (161, 143, 158, 153) *218 Listings that went conditional/pending: 176 (165, 135, 179, 158) *165 Expired/Cancelled/Withdrawn: 111 (89, 201, 142, 113) *130 Total Active Halifax/Dartmouth Inventory: 4,026 (4,031, 4,027, 4,194, 4,200) +4,602 Absorption Rate in weeks: 28 (29, 27, 26, 26) *33 Single Family Home Stats Active Single Family Home: 2,283 (2,288, 2,287, 2,392, 2,410) *2,833 Average Single Family Home List Price: $303,463 ($336k,$333k,$318k,$314k) *$298k Average Single Family Home Selling Price: $294,677 ($323k,$323k,$308k,$303k) *$290k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 96%) *97% Median Single Family Home List Price (6 mo): $289,900 ($290k,$289k,$289k,$289k)*$279k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$282k,$281k,$281k)*$270k Average Days on Market Single Family Home: 56 (67, 66, 69, 71) *69 Condo Stats Active Condos: 328 (330, 331, 357, 379) *413 Average Condo Listing Price: $322,447 ($254k, $256k, $287k, $277k) *$244k Average Condo Selling Price: $313,852 ($244k, $249k, $282k) *$231k Condo Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($221k,$223k, $221k, $221k) *$230k Average Days on Market Condos: 105 (122, 74, 118, 132) *82 Active Vacant Lots: 1,067 (1,069, 1,067, 1,084, 1,060) *1,126 Market Rant Well that was a quick change! A couple of days ago I was looking for ways to cool down, and this week I'm scrambling for a coat! I can't complain though, the Summer weather was awesome this year, just like our market! Even though the temps outside seem to be cooling off, that doesn't seem to be translating to the market here in Halifax. Yet again, numbers are up in key areas like sales, listings that received and accepted offers, and the sales to list ratio, but are also down in the other key areas of improvement like inventory, days on market, and funny enough, the absorption rate. Activity is still strong overall, and the 2018 Summer market is almost in the books. It appears that it wants to squeeze every last possible moment it can though, and I'm sure this will be a Summer for the books. Stay tuned to find out! Thanks for stopping by! The Weekly Adogtable! Lance (or Sir Lancelot, if you like) is a sweet boy ready steal your heart! Despite having a rough start to life, he knows how to bring a smile to your face with his goofy antics, and he aims to impress with the tricks he knows. This charmer is very affectionate with his people, though another established dog in the household could be just what Lance needs to learn how to be the best pup he can be. Registration in obedience classes is encouraged for his new family. Lance would be best suited to a home: -With or without other animals -With children over the age of 12 years This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 Halifax (HRM) Residential Statistic Update for the Week of September 6th-13th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (208, 294, 255, 241) *322 Sold: 141 (126, 147, 146, 167) *156 Sale To Listing Ratio: 62% (61%, 50%, 57%, 69%) *48% Price Changes: 161 (143, 158, 153, 165) *222 Listings that went conditional/pending: 165 (135, 179, 158, 130) *180 Expired/Cancelled/Withdrawn: 89 (201, 142, 113, 68) *121 Total Active Halifax/Dartmouth Inventory: 4,031 (4,027, 4,194, 4,200, 4,213) +4,637 Absorption Rate in weeks: 29 (27, 26, 26, 25) *33 Single Family Home Stats Active Single Family Home: 2,288 (2,287, 2,392, 2,410, 2,420) *2,874 Average Single Family Home List Price: $336,224 ($333k,$318k,$314k,$301k) *$284k Average Single Family Home Selling Price: $323,292 ($323k,$308k,$303k,$292k) *$276k Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%,97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($289k,$289k,$289k,$287k)*$279k Median Single Family Home Sold Price (6 mo):$282,900 ($282k,$281k,$281k,$280k)*$270k Average Days on Market Single Family Home: 67 (66, 69, 71, 66) *78 Condo Stats Active Condos: 330 (331, 357, 379, 377) *412 Average Condo Listing Price: $253,862 ($256k, $287k, $277k, $247k) *$220k Average Condo Selling Price: $244,293 ($249k, $282k, $267k) *$209k Condo Sale to List Ratio This Week: 96% (97%, 97%, 97%, 98%) 95% Median Condo List Price (6 mo): $229,900 ($230k, $230k, $230k, $230k) *$240k Median Condo Sold Price (6 mo): $221,000 ($223k, $221k, $221k, $223k) *$230k Average Days on Market Condos: 122 (74, 118, 132, 56) *117 Active Vacant Lots: 1,069 (1,067, 1,084, 1,060, 1,071) *1,133 Market Rant I'm starting to wonder if the lacking buyer activity is actually sellers market influenced, by the lack of inventory and selection out there? Although things are still moving along, there seems to be some supply issues in key product types and areas. The Halifax peninsula is an obvious, but the big shortage seems to be in the starter home price bracket, which ranges from $180-$250k (approx). This price range of inventory is not only being snapped up in the core areas, but well beyond and deep into the municipalities. Seems to be a buyer backlog at this price point, and one that has yet to see pressure relief. This time of year generally sees less activity and a declining inventory, but that generally means that buyers have less competition and more of a selection. Not this year. The sales to list ratio has been reporting significantly higher in the last few weeks compared to last year, and the cause seems to be the continued lack of new listings, coupled with solid sales numbers. The sellers market in the city has been felt this year for sure, and it appears as though the reach is starting to increase. Stay tuned to see what the Fall market will bring! Thanks for stopping by, and don't forget to hit the like button below! The Weekly Adogtable! Meet Otis! This lifelong bachelor is looking to enjoy his retirement years in a quiet home with a family who can give him the patience and and bonding time that he needs. Otis is famous at Homeward Bound for his "grumpy old man" personality, so a calmer environment would be just the ticket for this senior fella! Otis would be best suited to a home: -Without other pets -With children over the age of 12 years -No apartments This "cuddly companion" is available through Homeward Bound City Pound, 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!  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 |
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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