Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 321 (276, 323, 266, 227) *290 Sold: 158 (169, 145, 117, 120) *153 Sale To Listing Ratio: 49% (61%, 45%, 44%, 53%) *53% Price Changes: 103 (86, 72, 64, 64) *82 Conditional Sale: 171 (159, 196, 173, 120) *177 Expired/Cancelled/Withdrawn: 58 (39, 49, 56, 75) *43 Total Active Halifax/Dartmouth Inventory: 1,501 (1,435, 1,398, 1,338, 1,345) *1,271 Absorption Rate: 10 (10, 11, 11, 11) *10 Single Family Home Stats Active Single Family Home: 745 (696, 696, 668, 676) *637 Average Single Family Home List Price: $633,630 ($660k, $672k, $629k,$569k) *$649k Average Single Family Home Selling Price: $640,981 ($666k,$679k,$634k, $577k) *$653k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($550k,$540k,$530k,$525k) *$500k Median Single Family Home Sold Price(6 mo):$549,850 ($548k, $541k, $530k, $526k)*$500k Average Days on Market Single Family Home: 26 (32, 45, 42, 45) *26 Condo Stats Active Condos: 125 (112, 114, 116, 121) *98 Average Condo Listing Price: $440,454 ($480k, $464k, $476k, $466k) *$540k Average Condo Selling Price: $449,440 ($486k, $467k, $478k, $461k) *$442k Condo Sale to List Ratio This Week: 102% (101%, 101%, 101%, 99%) *82% Median Condo List Price (6 mo): $429,900($434k, $429k, $434k, $438k) *$400k Median Condo Sold Price (6 mo): $429,000 ($430k, $429k, $429k, $429k) *$405k Average Days on Market Condos: 11 (11, 25, 25, 25) *22 Active Vacant Lots: 459 (431, 415, 396, 386) *405 Market Rant With the Spring market in full swing here in Halifax, activity overall is positive, with big gains in all tracked product inventory this week. Oddly enough, one of the fastest growing inventory products are vacant lots. All over HRM, especially in rural areas, vacant lots continue to pop up each week, wether it is from developers shedding some weight, or private owners looking to offload the acres sitting dormant for years. Either way you slice it, the last 4 weeks has seen an unusually high increase in such a short time. Another stat to note was price changes, cresting 100 this week, which has to be the largest number of price changes in a single week since before the pandemic. A quick look at the change sheet, and they are all reductions, which gets back to classic property marketing vs the uptick revision that trended during the pandemic. Basically, while the market was in such an unpredictable and changing state, a property was sometimes listed at or just below market value to get multiple offers, in an attempt to drive the purchase price well over the asking price. When that didn't happen, sellers sale price expectations were not met, so prices sometimes adjusted upwards to where the sale "want" price was. That trend was very popular in 2022/23 while prices cooled, especially in certain areas of the city. You do see this happen from time to time these day, but it's definitely not as often now, even compared to the beginning of the year. Prices continue to stabilize across HRM, and although there was an uptick in values in the first quarter, the anticipation is that there will be some softening in the second. Time will tell and I have you covered, so be sure to stay tuned the blog to stay on top of the Halifax market! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 276 (323, 266, 227, 205) *300 Sold: 169 (145, 117, 120, 123) *149 Sale To Listing Ratio: 61% (45%, 44%, 53%, 60%) *50% Price Changes: 86 (72, 64, 64, 77) *83 Conditional Sale: 159 (196, 173, 120, 136) *176 Expired/Cancelled/Withdrawn: 39 (49, 56, 75, 30) *43 Total Active Halifax/Dartmouth Inventory: 1,435 (1,398, 1,338, 1,345, 1,316) *1,273 Absorption Rate: 10 (11, 11, 11, 11) *10 Single Family Home Stats Active Single Family Home: 696 (696, 668, 676, 649) *633 Average Single Family Home List Price: $660,059 ($672k, $629k,$569k, $600k) *$626k Average Single Family Home Selling Price: $665,910 ($679k,$634k, $577k, $604k,) *$628k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($540k,$530k,$525k,$525k) *$500k Median Single Family Home Sold Price(6 mo):$547,500 ($541k, $530k, $526k, $527k)*$495k Average Days on Market Single Family Home: 32 (45, 42, 45, 35) *29 Condo Stats Active Condos: 112 (114, 116, 121, 124) *101 Average Condo Listing Price: $480,384 ($464k, $476k, $466k, $471k) *$435k Average Condo Selling Price: $485,902 ($467k, $478k, $461k, $476k) *$454k Condo Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *105% Median Condo List Price (6 mo): $434,387 ($429k, $434k, $438k, $435k) *$400k Median Condo Sold Price (6 mo): $429,450 ($429k, $429k, $429k, $429k) *$403k Average Days on Market Condos: 11 (25, 25, 25, 23) *10 Active Vacant Lots: 431 (415, 396, 386, 392) *401 Market Rant The Spring market is in full swing, with plenty of buyer and seller activity to go around. Good amount of new listings this week, coupled with the strongest sales week we have seen this year so far makes for a positive environment for both groups. Accepted offers were down slightly compared to last week, but still reporting strong for the time of year. One of the surprising stats this Spring has been the value bumps in two tracked products. While condo numbers have somewhat held steady this year so far, the Single Family Home values have gained a good amount, with recent spikes over the past few weeks. Both listing and selling prices for the six month median single family home stats have gained $25,000 in a short four week timespan. Furthermore, these values have also gained $50,000, from last year at this time for Single Family Homes, and $30,000 for Condominiums, which seems to contradict general speculation for the Halifax market. It's the little market that could, and recovery from the pandemic market has had a pretty soft landing so far. Still lacking affordable home options in the city, and anything that lists sub $500k is seeing elevated activity for this time of year. The supply is better than last year so far however, and buyer activity does appear to be a bit less as well. Headed to the defining weeks of the 2024 Spring market, so stay tuned to the blog to see which way things go! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 323 (266, 227, 205, 205) *258 Sold: 145 (117, 120, 123, 121) *138 Sale To Listing Ratio: 45% (44%, 53%, 60%, 60%) *54% Price Changes: 72 (64, 64, 77, 87) *61 Conditional Sale: 196 (173, 120, 136, 136) *196 Expired/Cancelled/Withdrawn: 49 (56, 75, 30, 31) *37 Total Active Halifax/Dartmouth Inventory: 1,398 (1,338, 1,345, 1,316, 1,278) *1,202 Absorption Rate: 11 (11, 11, 11, 12) *10 Single Family Home Stats Active Single Family Home: 696 (668, 676, 649, 633) *580 Average Single Family Home List Price: $672,421 ($629k,$569k, $600k, $606k) *$644 Average Single Family Home Selling Price: $678,981 ($634k, $577k, $604k, $607k) *$640k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%. 101%) *99% Median Single Family Home List Price (6 mo): $539,950 ($530k,$525k,$525k,$522k) *$500k Median Single Family Home Sold Price(6 mo):$541,429 (%530k, $526k, $527k,$525k)*$490k Average Days on Market Single Family Home: 45 (42, 45, 35, 40) *29 Condo Stats Active Condos: 114 (116, 121, 124, 113) *102 Average Condo Listing Price: $464,172 ($476k, $466k, $471k, $518k) *$455k Average Condo Selling Price: $466,922 ($478k, $461k, $476k, $514k) *$453k Condo Sale to List Ratio This Week: 101% (101%, 99%, 101%, 99%) *99% Median Condo List Price (6 mo): $429,000 ($434k, $438k, $435k, $439k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $429k, $429k, $430k) *$405k Average Days on Market Condos: 25 (25, 25, 23, 23) *21 Active Vacant Lots: 415 (396, 386, 392, 389) *380 Market Rant Now that's more like it! Things are heating up in Halifax, with listings starting to stream to the market, and hungry buyers gobbling up the new selections! First time all year we have seen an inventory addition of over 300 properties, and one of the biggest weeks for sales as well. The softening of sale price seems to have halted, as we have seen steady gains week over week since the begging of the year. Some weeks have had slight dips in their list/selling prices, however, values have continued to push higher each week, including the single family home six month median prices which has taken the largest increase. We haven't seen value gains this fast since the pandemic market, so the hope is that seasonal trend is lending a bit of a unique growth environment at the moment and we will see some cooling in the future. Other than the usual Spring blitz, many of the other statistics remain a bit sleepy, which will definitely change in the coming weeks as they are defined to be influenced by the current activity. Time will tell though, and I have you covered so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 266 (227, 205, 205, 177) *217 Sold: 117 (120, 123, 121, 122) *109 Sale To Listing Ratio: 44% (53%, 60%, 60%, 69%) *50% Price Changes: 64 (64, 77, 87, 73) *53 Conditional Sale: 173 (120, 136, 136, 143) *128 Expired/Cancelled/Withdrawn: 56 (75, 30, 31, 23) *69 Total Active Halifax/Dartmouth Inventory: 1,338 (1,345, 1,316, 1,278, 1,260) *1,216 Absorption Rate: 11 (11, 11, 12, 13) *13 Single Family Home Stats Active Single Family Home: 668 (676, 649, 633, 622) *604 Average Single Family Home List Price: $628,545 ($569k, $600k, $606k, $583k) *$582k Average Single Family Home Selling Price: $634,426 ($577k, $604k, $607k, $589k) *$585k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%. 101%, 101%) *101% Median Single Family Home List Price (6 mo): $529,900 ($525k,$525k,$522k,$519k) *$490k Median Single Family Home Sold Price(6 mo):$530,000 ($526k, $527k,$525k, $520k)*$485k Average Days on Market Single Family Home: 42 (45, 35, 40, 38) *28 Condo Stats Active Condos: 116 (121, 124, 113, 115) *99 Average Condo Listing Price: $476,400 ($466k, $471k, $518k, $493k) *$492k Average Condo Selling Price: $477,580 ($461k, $476k, $514k, $488k) *$487k Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%, 99%) *99% Median Condo List Price (6 mo): $433,875 ($438k, $435k, $439k, $434k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $429k, $430k, $426k) *$403k Average Days on Market Condos: 25 (25, 23, 23, 29, 9) *21 Active Vacant Lots: 396 (386, 392, 389, 385) *369 Market Rant Despite the biggest injection of new listings we have seen in a week so far this year, inventory overall took a small dip, with both single family homes and condo products taking reductions, while vacant land lots had a slight increase to their numbers. Interesting enough, there wasn't a ton of weekly sales to chip away at the inventory, but the culprit for the change is buyer activity, which reported the highest it has been this year so far as well! Not surprised that buyer activity is elevated this week, we finally have some decent weather and there are property options out there to look at as well! We are still seeing competitive situations for turn-key property, especially anything listed under $600k, but there does seem to be some padding in the $800k+ brackets. Prices reported high this week, which could come from the buyer demand, and six month median prices for single family homes jumped again this week, increasing 10k in a short 4 week timespan. Prices and demand are on the rise, but is this a seasonal trend issue which will cool in the coming weeks, or are buyers edging a bit more pressure to the market before things change and competition becomes more fierce? Time will tell and I have you covered, so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 227 (205, 205, 177, 176) *260 Sold: 120 (123, 121, 122, 100) *128 Sale To Listing Ratio: 53% (60%, 60%, 69%, 57%) *49% Price Changes: 64 (77, 87, 73, 57) *58 Conditional Sale: 120 (136, 136, 143, 138) *154 Expired/Cancelled/Withdrawn: 75 (30, 31, 23, 67) *69 Total Active Halifax/Dartmouth Inventory: 1,345 (1,316, 1,278, 1,260, 1,251) *1,180 Absorption Rate: 11 (11, 12, 13, 14) *12 Single Family Home Stats Active Single Family Home: 676 (649, 633, 622, 618) *584 Average Single Family Home List Price: $568,489 ($600k, $606k, $583k, $573k) *$550k Average Single Family Home Selling Price: $576,459 ($604k, $607k, $589k, $576k) *$553k Single Family Home Sale to List Ratio This Week: 101% (101%. 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $524,900 ($525k,$522k,$519k,$500k) *$490k Median Single Family Home Sold Price(6 mo):$526,250 ($527k,$525k, $520k, $520k)*$484k Average Days on Market Single Family Home: 45 (35, 40, 38, 46) *24 Condo Stats Active Condos: 121 (124, 113, 115, 104) *92 Average Condo Listing Price: $465,656 ($471k, $518k, $493k, $369k) *$425k Average Condo Selling Price: $461,417 ($476k, $514k, $488k, $372k) *$427k Condo Sale to List Ratio This Week: 99% (101%, 99%, 99%, 101%) *101% Median Condo List Price (6 mo): $437,500 ($435k, $439k, $434k, $438k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $430k, $426k, $428k) *$403k Average Days on Market Condos: 25 (23, 23, 29, 9, 36) *32 Active Vacant Lots: 386 (392, 389, 385, 384) *370 Market Rant Despite the Easter long weekend, activity reported surprisingly well. New listings reported the highest we have seen so far this year, but overall, we fell short against last year at this time. Buyer activity slumped a bit this week as well compared to March, but with more and more property candidates hitting the market, no doubt this will pick up shortly! Values in both tracked products cooled this week, which seems to be the battle week to week as the playing field continues to level out, so it's a mixed bag at the moment. The annual trend is that the Spring market will always have what seems to be a lot of options, but it is also met with a balanced (or more) demand for products as relocations are in full swing, as well as other folks who need to move for various other reasons. Most like to be settled before Summer hits so they can enjoy it, so the push to be in their new residence really becomes the main focus during the Spring months. As these buyers purchase property and the demand wains, the market cools and we see activity start to slow, usually around Summer. Good news for buyers who are perhaps looking to get into the market, and who don't; want to compete as intensely, but the market is anything but predictable these days so you never know what will happen. Stay tuned to stay on top of the market, and thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 205 (205, 177, 176, 165) *192 Sold: 123 (121, 122, 100, 90) *98 Sale To Listing Ratio: 60% (60%, 69%, 57%, 55%) *51% Price Changes: 77 (87, 73, 57, 38) *55 Conditional Sale: 136 (136, 143, 138, 128) *132 Expired/Cancelled/Withdrawn: 30 (31, 23, 67, 27) *21 Total Active Halifax/Dartmouth Inventory: 1,316 (1,278, 1,260, 1,251, 1,277) *1,158 Absorption Rate: 11 (12, 13, 14, 14) *13 Single Family Home Stats Active Single Family Home: 649 (633, 622, 618, 622) *564 Average Single Family Home List Price: $599,435 ($606k, $583k, $573k, $570k,) *$582k Average Single Family Home Selling Price: $603,491 ($607k, $589k, $576k, $564k) *$582k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo): $525,000 ($522k,$519k,$500k,500k) *$480k Median Single Family Home Sold Price(6 mo):$526,500 ($525k, $520k, $520k,$520k)*$475k Average Days on Market Single Family Home: 35 (40, 38, 46, 31) *32 Condo Stats Active Condos: 124 (113, 115, 104, 105) *78 Average Condo Listing Price: $470,486 ($518k, $493k, $369k, $488k) *$437k Average Condo Selling Price: $476,345 ($514k, $488k, $372k, $486k) *$440k Condo Sale to List Ratio This Week: 101% (99%, 99%, 101%, 99%) *101% Median Condo List Price (6 mo): $435,000 ($439k, $434k, $438k, $440k) *$400k Median Condo Sold Price (6 mo): $429,400 ($430k, $426k, $428k, $428k) *$405k Average Days on Market Condos: 23 (23, 29, 9, 36, 38) *19 Active Vacant Lots: 392 (389, 385, 384, 397) *377 Market Rant Looks like last week wasn't a false start after all! For the fourth consecutive week there was an overall inventory gain, and the second time in as many weeks, the weekly additions hit over 200 products. Sales edged up slightly this week, but property receiving and accepting offers stayed steady, which is a bit surprising given the fact more available properties = more options for buyers = more sales, but that doesn't seem to be the case at the moment. Is the buyer pool shrinking? or perhaps more properties are sticking around depending on pricing and location. In most areas close in and around the core buyer activity is still quite strong, with multiple offers still happening, causing sale prices to topple over asking price. This trend is not uncommon in Halifax as of late, especially for certain locations and prices. Even before the pandemic market Halifax was seeing this type of situation, the difference now is that the overspend is not as wild and buyers seem to have a bit more patience thanks to the cooling market and market deflation measures taken by the government. Still early yet, but maybe this will be the year that we see a return of regular Halifax market trend. Only time will tell, and I have you covered, so stay tuned to the blog to keep on top of the market! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 205 (177, 176, 165, 165) *165 Sold: 121 (122, 100, 90, 86) *85 Sale To Listing Ratio: 60% (69%, 57%, 55%, 52%) *51% Price Changes: 87 (73, 57, 38, 52) *44 Conditional Sale: 136 (143, 138, 128, 106) *108 Expired/Cancelled/Withdrawn: 31 (23, 67, 27, 17) *29 Total Active Halifax/Dartmouth Inventory: 1,278 (1,260, 1,251, 1,277, 1,276) *1,130 Absorption Rate: 12 (13, 14, 14, 13) *13 Single Family Home Stats Active Single Family Home: 633 (622, 618, 622, 630) *552 Average Single Family Home List Price: $605,765 ($583k, $573k, $570k, $575k) *$565k Average Single Family Home Selling Price: $607,396 ($589k, $576k, $564k, $576k) *$567k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $522,250 ($519k,$500k,500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$525,000 ($520k, $520k,$520k, $519k)*$475k Average Days on Market Single Family Home: 40 (38, 46, 31, 36) *27 Condo Stats Active Condos: 113 (115, 104, 105, 98) *79 Average Condo Listing Price: $518,040 ($493k, $369k, $488k, $453k) *$435k Average Condo Selling Price: $514,422 ($488k, $372k, $486k, $447k) *$444k Condo Sale to List Ratio This Week: 99% (99%, 101%, 99%, 99%) *102% Median Condo List Price (6 mo): $438,700 ($434k, $438k, $440k, $432k) *$408k Median Condo Sold Price (6 mo): $429,450 ($426k, $428k, $428k, $425k) *$406k Average Days on Market Condos: 23 (29, 9, 36, 39, 37) *10 Active Vacant Lots: 389 (385, 384, 397, 394) *368 Market Rant With March break in the books, we should start to see listings come to market in higher volume from week to week until the end of Spring. It's off to a slow start, but definitely a few more listings this week, pushing over 200 new products to market the highest addition this year so far. This trend should continue as we hit the second quarter, which I'm sure is a welcome sight to current buyers out there scouring options. Last year at this time there was a pause in listing activity for some reason, which caused a heated sellers market for the first half of the year really. Potentially, the backlog was created by the issue that could easily have solved it, more inventory! With homeowners looking to make a local move, there was really no options to allow the property ladder climb. Anyone looking to make a move locally just couldn't find a lot of options, and competing with buyers that didn't have a property to sell likely caused some disappointment. This chunk of missing inventory added to the already measly market offering, solidifying the high prices that didn't have to adjust due to high buyer pressure. It did get better for buyers out there, and the end of the year really showed some promise. The speculation going into 2024 was that we would see a return of typical Halifax market trend, and so far so good. If things continue as predicted, look to the coming weeks to pad the stats, especially in the listing option department. Just getting started though, so stay tuned to the blog to stay on top of things and stay informed! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 177 (176, 165, 165, 146) *185 Sold: 122 (100, 90, 86, 98) *100 Sale To Listing Ratio: 69% (57%, 55%, 52%, 67%) *54% Price Changes: 73 (57, 38, 52, 35) *54 Conditional Sale: 143 (138, 128, 106, 114) *110 Expired/Cancelled/Withdrawn: 23 (67, 27, 17, 29) *34 Total Active Halifax/Dartmouth Inventory: 1,260 (1,251, 1,277, 1,276, 1,259) *1,119 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 622 (618, 622, 630, 623) *529 Average Single Family Home List Price: $583,951 ($573k, $570k, $575k, $615k) *$626k Average Single Family Home Selling Price: $589,129 ($576k, $564k, $576k, $616k) *$627k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $519,400 ($500k,500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$520,000 ($520k, $520k, $519k, $518k)*$475k Average Days on Market Single Family Home: 38 (46, 31, 36, 40) *32 Condo Stats Active Condos: 115 (104, 105, 98, 98) *78 Average Condo Listing Price: $493,030 ($369k, $488k, $453k, $666k) *$481k Average Condo Selling Price: $487,867 ($372k, $486k, $447k, $647k) *$487k Condo Sale to List Ratio This Week: 99% (101%, 99%, 99%, 97%) *101% Median Condo List Price (6 mo): $433,875 ($438k, $440k, $432k, $434k) *$410k Median Condo Sold Price (6 mo): $426,000 ($428k, $428k, $425k, $425k) *$408k Average Days on Market Condos: 29 (9, 36, 39, 37, 40) *22 Active Vacant Lots: 385 (384, 397, 394, 390) *373 Market Rant The 2024 market year trajectory will likely be written in the next few months, but so far it's been a sleeper. If you look closely, there are small indications of a crawling market, like the increased price changes, the slowly increasing inventory, and mediocre new listing additions. On the other side of that coin, there are positive indicators, like the increased number of listings under agreement this week, the lacking expired/cancelled properties, and sales values, all of which are sending mixed messages about the current market environment. Buyer interest is piqued, but overpaying is not in the vocabulary of the current buyer mob. Even with limited choice, the current mentality seems to be a patient one, which has been carved from the bedrock of the pandemic market. Being on the fringe of the cooling market, savvy buyers take stock of current market conditions, especially since the winds of change are still blowing. Historically, the coming weeks will be the most exciting to buyers, lots of options and a chance to pick up a property without having to bet the farm. No doubt buyers are ready for a change, but much like last year, that chance might not come until much later in the year. Time will tell, and I have you covered, so be sure to stay tuned to the blog and stay informed! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 176 (165, 165, 146, 140) *198 Sold: 100 (90, 86, 98, 100) *84 Sale To Listing Ratio: 57% (55%, 52%, 67%, 71%) *42% Price Changes: 57 (38, 52, 35, 35) *39 Conditional Sale: 138 (128, 106, 114, 90) *107 Expired/Cancelled/Withdrawn: 67 (27, 17, 29, 68) *44 Total Active Halifax/Dartmouth Inventory: 1,251 (1,277, 1,276, 1,259, 1,257) *1,096 Absorption Rate: 13 (14, 14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 618 (622, 630, 623, 624) *525 Average Single Family Home List Price: $571,927 ($570k, $575k,$615k, $576k) *$541k Average Single Family Home Selling Price: $576,287 ($564k, $576k, $616k, $577k) *$537k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *99% Median Single Family Home List Price (6 mo): $500,000 $500k,$500k,$500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$519,500 ($520k, $519k, $519k, $518k)*$475k Average Days on Market Single Family Home: 46 (31, 36, 40, 40) *31 Condo Stats Active Condos: 104 (105, 98, 98, 106) *78 Average Condo Listing Price: $368,800 ($488k, $453k, $666k, $554k) *$419k Average Condo Selling Price: $371,711 ($486k, $447k, $647k, $559k) *$416k Condo Sale to List Ratio This Week: 101% (99%, 99%, 97%, 101%) *99% Median Condo List Price (6 mo): $437,500 ($440k, $432k, $434k, $430k) *$410k Median Condo Sold Price (6 mo): $427,500 ($428k, $425k, $425k, $424k) *$405k Average Days on Market Condos: 9 (36, 39, 37, 40) *23 Active Vacant Lots: 384 (397, 394, 390, 385) *365 Market Rant Inventory continues to drag to market again this week, and because of listing reluctancy reductions were reported in all tracked products. The overall inventory itself is reporting close to the levels seen last year at this time, which goes against the grain of inventory gain predictions... so far at least. The big showcase will come in the next few weeks, and as we approach the Spring market hopefully there will be a surge in the supply, because the underlying demand is there, only to increase over the next few months. Without a balance or more available products, there will likely be intermittent and pocket returns to the hot sellers market we have seen come and go since last year. We are already seeing this kind of elevated activity in certain areas and price points in the city, so it is known that a bulk of buyers are standing by to snap things up, especially in the sub $550k pricing bracket. March break is upon us, and usually the time sellers will make a push to prepare their property for the market, so look to the following week to get a glimpse of the coming market. Will it be a feeding frenzy of listings, or will the inventory continue it's mediocre performance heading into the Spring. Time will tell, and I have you covered, so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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: 165 (165, 146, 140, 168) *155 Sold: 90 (86, 98, 100, 92) *96 Sale To Listing Ratio: 55% (52%, 67%, 71%, 55%) *62% Price Changes: 38 (52, 35, 35, 38) *39 Conditional Sale: 128 (106, 114, 90, 124) *129 Expired/Cancelled/Withdrawn: 27 (17, 29, 68, 74) *52 Total Active Halifax/Dartmouth Inventory: 1,277 (1,276, 1,259, 1,257, 1,237) *974 Absorption Rate: 14 (14, 13, 14) *13 Single Family Home Stats Active Single Family Home: 622 (630, 623, 624, 630) *462 Average Single Family Home List Price: $570,104 ($575k,$615k, $576k, $606k) *$614k Average Single Family Home Selling Price: $564,431 ($576k, $616k, $577k, $599k) *$609k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo):$499,900 ($500k,$500k,$500k,$500k) *$465k Median Single Family Home Sold Price(6 mo):$519,000 ($519k, $519k, $518k, $517k)*$465k Average Days on Market Single Family Home: 31 (36, 40, 40, 54) *35 Condo Stats Active Condos: 105 (98, 98, 106, 101) *66 Average Condo Listing Price: $487,578 ($453k, $666k, $554k, $454k) *$536k Average Condo Selling Price: $486,150 ($447k, $647k, $559k, $459k) *$531k Condo Sale to List Ratio This Week: 99% (99%, 97%, 101%, 101%) *99% Median Condo List Price (6 mo): $439,900 ($432k, $434k, $430k, $430k) *$396k Median Condo Sold Price (6 mo): $427,500 ($425k, $425k, $424k, $424k) *$393k Average Days on Market Condos: 36 (39, 37, 40, 59) *38 Active Vacant Lots: 397 (394, 390, 385, 368) *335 Market Rant The Halifax real estate market continues its wake from the slow season slumber again this week, but the hope is that March will bring a burst of new listings to supercharge buyer interest and get things rolling again. Typical new listing/sales churn this week, and values remain steady across both tracked products once again. Despite the amount of snow that stuck around, buyer activity kept pace for an average report, but buyers in general seem to be holding off at the moment due to the lack of property prospects and the competitive nature of the current market. The general feeling out there is that buyers are wary to bid too far over listing prices since the projection is a continued price correction ongoing, which is why selling prices have ended up close too, or under the asking price. In other price brackets, especially the higher ones, we are starting to see sizeable cuts to selling prices, especially those that purchased their property pre-2019. There was a huge equity gain since that time, so some sellers have an initial "would love to sell for" X amount, but can also be practical and adjust to the current selling environment if needed, especially if a need to sell is present. As supply increases, listings that need to sell that will likely need to make these adjustments to stay competitive, considering prices are becoming more stable. Still a changing market, and the dust is still settling, so be sure to stay tuned to the blog to keep updated. Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from 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 Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! 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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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