Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 169 (184, 194, 186, 209) *192 Sold: 91 (129, 114, 115, 97) *162 Sale To Listing Ratio: 54% (83%, 59%, 62%, 46%) *84% Price Changes: 118 (79, 106, 119, 132) *53 Listings that went conditional/pending: 128 (136, 164, 124, 131) *186 Expired/Cancelled/Withdrawn: 112 (54, 48, 48, 128) *99 Total Active Halifax/Dartmouth Inventory: 1,280 (1,322, 1,313, 1,340, 1,333) +942 Absorption Rate in weeks: 12 (12, 12, 12, 12) *6 Single Family Home Stats Active Single Family Home: 640 (671, 678, 703, 695) *331 Average Single Family Home List Price: $544,689 ($556k$528k,$606k,$508k) *$472k Average Single Family Home Selling Price: $540,447 ($548k,$523k,$599k,$499k) *$509k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 98%) *108% Median Single Family Home List Price (6 mo): $459,900 ($460k,$460k,$450k,$450k) *$386k Median Single Family Home Sold Price (6 mo):$498,900 ($500k,$501k,$502k,$505k)*$435k Average Days on Market Single Family Home: 26 (27, 27, 31, 27) *17 Condo Stats Active Condos: 106 (107, 113, 110, 108) *63 Average Condo Listing Price: $455,218 ($427k, $470k, $506k, $427k) *$474k Average Condo Selling Price: $449,409 ($421k, $453k, $442k, $497k) *$458k Condo Sale to List Ratio This Week: 99% (99%, 96%, 99%, 98%) *97% Median Condo List Price (6 mo): $387,000 ($390k, $390k, $385k, $382k) *$325k Median Condo Sold Price (6 mo): $400,000 ($401k, $405k, $404k, $405k) *$345k Average Days on Market Condos: 23 (30, 33, 10, 33) *19 Active Vacant Lots: 405 (415, 394, 394, 384) *409 Market Rant I think it's safe to say that inventory has finally decided to comply with annual trend and kick down in volume this week, reporting below the 1,300 unit marker for the first time since August. I'm sure there are a few contributing factors, like that big pile of inventory that withdrew from the market this week, the less than stellar new listing additions, and a fairly decent sales week that helped it along, but after an October surge things seemed to have cooled again. So, that should be the peak of inventory for the year! From this point, the market should continue to pump the brakes as focus shifts to the holiday season next month. Values overall are still adjusting, which you can expect to carry on to the new market year, and the first somewhat normal Spring we will hopefully have since before the pandemic. Until then, there will see be a lot of market watching and wondering. When will we hit the bottom? Will prices get much lower? Only time will tell! Seems to be a bit of a stand off in the current market environment, with Buyers not willing/wanting to pay over asking price, and sellers holding fast in a lot of cases in hopes of getting what the neighbour sold for in April. Eventually there will be a balance, and market expectations should return when the market stabilizes for a long duration. Stay on top of things by tuning into the blog, and don't hesitate to reach out with any of your market or real estate related questions! Thanks for stopping by! The Weekly "Adogtable"Hi everyone, I'm Looanne. I am listed as a 2 yr old, 26 lb, blue merle cairn terrier mixed female although the vet here thinks I'm closer to just a year old. I was found as a stray on the streets of Louisiana so a couple weeks ago, I made my way to NS, in hopes of finding my furever family in the beautiful Maritimes. My foster home includes a cat, a small hooman brother, and my foster mamma. I love them all! I’m a happy-go-lucky girl with impeccable smarts and sometimes I even have great manners to match - it just depends on how excited I am, and how clear the expectations of me are. I adore everyone I meet including kids, cats, and other dogs. I think I’d love a young, active family to add my funloving and goofy energy to! I am getting about 2 twenty minute walks a day here, and a few 30 minutes of a new game I’ve learned called fetch - I love it! It helps me expend energy so I’m calm when my friends are calm, and teaches me what I am allowed to chew! I love toys of all kinds, and I’m learning which ones are mine, versus which are the babies, or which belong on my foster moms feet and are not for chewing. Sometimes the cat doesn’t appreciate how much I want to play with her, and I respect that in the moment - but it doesn’t make me give up on trying later. I have understood when my little hooman tells me that I need to learn some personal space, or that I’m a little too pushy. It’s hard for me though, my instinct to be physical in play is powerful, and I’m a pretty solid girl, so it would be better if some bigger kids were part of my forever family who can help with me keep learning this. Another doggy sibling to play with may be ideal for me too. I am working on my house training and it is coming along - I do have accidents, but did I mention I am very smart? By taking me out often and consistently, I should have this mastered in no time. I do, however, still piddle a little when I meet someone new, I’m just so happy to meet them. The vet says my spay might help with this. I have also learned “sit”, and I’m mastering “stay”, and “no” - as long as I hear that your tone means business, I get the message and listen well! I don’t love being home alone, but I accept that it needs to happen sometimes. Given that I’m still getting the hang of table manners, I prefer to curl up in a bathroom and have a good nap while you’re away rather than have free reign of the house. This is much better for me than a crate - I spent too much time in those and they make me upset. A room is fine though! My new foster mom thinks I could be trusted in the open house, as long as there’s no food or garbage within reach, and I have toys to play with - even better if I have a doggy playmate! I’ve tried swimming and it isn’t my favourite, but I’ll follow you if you ask, and I might even learn to enjoy it. Sometimes car rides make me queasy, the stopping motion especially. I LOVE hikes and walks and running on the beach - I hope to do some more of these adventures with my furever family. I would really love other canine fur siblings in my home, ones that match my energy level are preferred, but definitely ones who will play with me. I do have some energy to burn, but I have such a loving nature, a huge desire to please, and a very respectful demeanour once I understand what is expected of me - I’m sure that as long as we can communicate clearly and directly, you’ll find me an easy dog to be with, and we will be the perfect match. I am not yet spayed, my appointment is Oct. 4th so if I am adopted by then, my new family will need to be able to get me to the vet and back for my appointment. I may not be microchipped yet either, still waiting on confirmation, but if not, I will get that done during my spay. If you are an active person with a bit of dog experience, who enjoys playing outside, I could be your girl! Do you think we’d be a great match? If so, please fill out an application so we can meet! My adoption fee is a $500 donation to the rescue to help save more dogs like me. I will be spayed, I will be microchipped, if not already, I am vaccinated and come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 184 (194, 186, 209, 190) *156 Sold: 129 (114, 115, 97, 112) *151 Sale To Listing Ratio: 83% (59%, 62%, 46%, 59%) *97% Price Changes: 79 (106, 119, 132, 83) *30 Listings that went conditional/pending: 136 (164, 124, 131, 104) *176 Expired/Cancelled/Withdrawn: 54 (48, 48, 128, 57) *38 Total Active Halifax/Dartmouth Inventory: 1,322 (1,313, 1,340, 1,333, 1,368) +954 Absorption Rate in weeks: 12 (12, 12, 12, 12) *6 Single Family Home Stats Active Single Family Home: 671 (678, 703, 695, 708) *327 Average Single Family Home List Price: $555,493 ($528k,$606k,$508k,$470k) *$479k Average Single Family Home Selling Price: $547,775 ($523k,$599k,$499k,$463k) *$508k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 98%, 99%) *106% Median Single Family Home List Price (6 mo): $459,900 ($460k,$450k,$450k,$460k) *$387k Median Single Family Home Sold Price (6 mo):$500,000 ($501k,$502k,$505k,$510k)*$435k Average Days on Market Single Family Home: 27 (27, 31, 27, 28) *20 Condo Stats Active Condos: 107 (113, 110, 108, 108) *58 Average Condo Listing Price: $427,205 ($470k, $506k, $427k, $445k) *$417k Average Condo Selling Price: $421,044 ($453k, $442k, $497k, $409k) *$433k Condo Sale to List Ratio This Week: 99% (96%, 99%, 98%, 96%) *104% Median Condo List Price (6 mo): $389,900 ($390k, $385k, $382k, $385k) *$320k Median Condo Sold Price (6 mo): $401,250 ($405k, $404k, $405k, $408k) *$342k Average Days on Market Condos: 30 (33, 10, 33, 28) *32 Active Vacant Lots: 415 (394, 394, 384, 403) *423 Market Rant Inventory held fast again this week, which continues to be a surprise since we usually see all tracked products reduce at this time until the lowest point of the year... Christmas. It's been a wild couple of years, so I'm not shocked that the balancing market would be just as unpredictable. Both Single family home and Condo levels did take minor reductions this week, but vacant land kicked things up a bit, almost reaching the same amount as last year at this time. Vacant land does tend to be the least desirable and slowest moving of the three, likely due to financing and unique buyer for this type of product. I imagine the loss of the surging sellers market has helped these lots stick around a bit longer, with hopes of selling them off at a premium to builders, or the like, are all but dashed as builders scramble themselves to offload their own products. Another setback for our market this week with yet another interest rate hike, but this hike was actually less than what was expected, as part of an action plan amid fears of a pending recession. The hikes, intended to fight inflation, seemed to hit at a time when the market was naturally correcting anyways, causing a supercooling effect, and in a smaller market like ours we really felt the sting quickly. As the market continues to drop the hope is that the hikes will become dynamic, like this one, and move left or right depending on the need and not just because it was "planned for" at the beginning. Yet another key point to keep an eye on, and I have you covered! Make sure to stay tuned to the blog, and stay informed. Thanks for stopping by! The Weekly "Adogtable"Hi everyone, I'm Buster, a one year old, 25 lb, male Cur mix. I came all the way from Louisiana several weeks ago in hopes of finding my furever family in the beautiful Maritimes. Sadly I am still waiting for someone to choose me as theirs. I am currently living in Nova Scotia with a new foster family so thought it would be good to update my info! My foster home includes a few other dogs, and I love them all! I’m a happy-go-lucky guy with lots of energy. Sometimes older dogs may not like how energetic I am, but I just want to play! I like everyone I meet including kids, cats and other dogs. I think I’d love a young family that is active and fun. I am getting about 3-4 twenty minute walks a day here and that has resolved my energy, house training and chewing issues! I love toys of all kinds and I’ll need some available for me to chew on. I love the outdoors! I am working on my house training and it is coming along but I will need my walks to do my business. I only go potty on a walk! 20 mins each time is fine though! I don’t like being home alone, as you can imagine since my previous humans never did come back. In my new foster home, I do not like the crate. I will go in and be quiet, but you have to catch me and force me into it so I’d really prefer not to have to go in one if possible. My new foster mom thinks I would be fine, even in an apt, as long as I have toys to play with and a doggy playmate. Since I am very food motivated, I’ve learned some tricks like how to come when my name is called! This hasn’t been tested outside yet but you can see I’m a smart boy that is willing to learn new things. I also may take a stab at counter surfing when I first get there but a few no's and I'll learn pretty quickly that it's not allowed. I’ve tried swimming and I really like it, I hope to do some more swimming and adventures with my forever family. I would really love other canine fur siblings in my home, ones that match my energy level are preferred but definitely ones who will play with me. I do have some energy to burn and a few things to work on but my loving nature will shine through those as I love everything including life and it shows. If you are an active person who enjoys lots of activity, preferably in the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet! My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 194 (186, 209, 190, 218) *241 Sold: 114 (115, 97, 112, 125) *163 Sale To Listing Ratio: 59% (62%, 46%, 59%, 57%) *87% Price Changes: 106 (119, 132, 83, 111) *39 Listings that went conditional/pending: 164 (124, 131, 104, 148) *215 Expired/Cancelled/Withdrawn: 48 (48, 128, 57, 60) *42 Total Active Halifax/Dartmouth Inventory: 1,313 (1,340, 1,333, 1,368, 1,340) +983 Absorption Rate in weeks: 12 (12, 12, 12, 11) *5 Single Family Home Stats Active Single Family Home: 678 (703, 695, 708, 705) *347 Average Single Family Home List Price: $528,069 ($606k,$508k,$470k,$526k) *$455k Average Single Family Home Selling Price: $522,769 ($599k,$499k,$463k,$521k) *$491k Single Family Home Sale to List Ratio This Week: 99% (99%, 98%, 99%, 99%) *108% Median Single Family Home List Price (6 mo): $459,900 ($450k,$450k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$500,758 ($502k,$505k,$510k,$515k)*$435k Average Days on Market Single Family Home: 27 (31, 27, 28, 24) *18 Condo Stats Active Condos: 113 (110, 108, 108, 103) *68 Average Condo Listing Price: $469,966 $(506k, $427k, $445k) *$412k Average Condo Selling Price: $453,025 ($442k, $497k, $409k, $453k) *$435k Condo Sale to List Ratio This Week: 96% (99%, 98%, 96%, 102%) *105% Median Condo List Price (6 mo): $389,900 ($385k, $382k, $385k, $380k) *$320k Median Condo Sold Price (6 mo): $405,000 ($404k, $405k, $408k, $411k) *$340k Average Days on Market Condos: 33 (10, 33, 28, 16) *10 Active Vacant Lots: 394 (394, 384, 403, 386) *430 Market Rant Small reduction in the overall inventory this week, but a huge improvement from this time last year, which ended up being a record low. Inventory itself has steadily been on the recovery, and increase, which is a little backwards from annual trend at this time. We will likely see a bit of normalcy return in 2023, but the question is when things will balance. The relatively sleepy market actually had a solid buyer activity week this week, with 164 properties receiving and accepting offers. That has been the highest amount in awhile, but there does seem to be a few buyer pockets of the year, and this week is one of them. You could almost count all of October in that pocket, as some buyers make their push to get into a property before the Christmas holiday, or before the snow falls, so there does seem to be some late market push late October/early November. Values took a bit of a dive this week, but remained well above the six month median prices,. Speaking of, the odd stat of the week belongs to both single family home and condo six month listing median prices. In a strange turn of events, both products jumped up in value, and not just by a marginal amount! Since May, we have witnessed the continued decline in property values here in HRM, and all signs are pointing to this to continue, but this week had other ideas and actually added back to the plus column. We will see what next week brings, but certainly something to keep an eye on as values will eventually draw a line in the sand, signalling "enough is enough" for value drop. Time will tell and I have you covered! Stay tuned to the blog to stay on top of the market and stay informed! Thanks for stopping by! The Weekly "Adogtable"I'm Alexia, a 10 month old, 25lb, border collie mix. I came to NS a few weeks ago from Egypt where I was found as a stray. I am now ready to start the search for my forever home. Just prior to leaving Egypt, I had hurt my leg and had to have surgery. I am doing really well but still need limited exercise and range of motion exercises done on my leg twice a day for a few more weeks. I have no issues having that done. I am also on a mix of Puppy Chow and canned food because the vet said a few more pounds on my bones wouldn't hurt. I am currently fostered with another dog my size and have a blast playing with him but I am not fond of him coming near my soft, comfy bed and will grumble and growl at him. I was a stray, so more often than not, I had to sleep on the cold, hard ground. I just don't want to risk losing this luxury but hopefully over time, I'll learn it's OK to share it. I am very shy with humans but I love to be petted and loved so I warm up fast. I haven't met any cats, kids, nor bigger dogs while here so not sure what I think of them. I am a very shy and timid dog so probably best to have a more calm household until I can build up my confidence. I walk well on a leash but can get spooked fairly easily because I'm so timid so keeping me on leash at all times is a must. My foster mom says I'm getting more brave each walk. I am just starting to figure out these things you call toys. I'm not exactly crazy over them yet but I'm sure I'll get there. I know my name and will come when called even though I've only had the name a short while. That just goes to show you how smart I am. I am also housetrained, only doing my business outside. I love my treats and drives in the car. Going on an adventure? I'm in, let's roll!! I am good home alone and don't chew anything although I'm usually crated because of my leg if my people need to go out. I am crate trained but I won't need one once my leg is healed. I usually sleep the nights away on my doggy bed with no issues. Another great thing about me is that I rarely bark although that could change once my confidence grows. My foster mom says that I am a sweet, loving girl who needs a little help building my confidence. If you think we would be a good match, tell my rescuers that you want to bring me home!! My adoption fee is a $550 donation to the rescue to help save more dogs like me. I will be spayed, I will be microchipped, if not already, I am vaccinated and come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 186 (209, 190, 218, 235) *178 Sold: 115 (97, 112, 125, 105) *154 Sale To Listing Ratio: 62% (46%, 59%, 57%, 45%) *87% Price Changes: 119 (132, 83, 111, 114) *45 Listings that went conditional/pending: 124 (131, 104, 148, 140) *192 Expired/Cancelled/Withdrawn: 48 (128, 57, 60, 67) *50 Total Active Halifax/Dartmouth Inventory: 1,340 (1,333, 1,368, 1,340, 1,335) +1,003 Absorption Rate in weeks: 12 (12, 12, 11, 12) *6 Single Family Home Stats Active Single Family Home: 703 (695, 708, 705, 706) *355 Average Single Family Home List Price: $606,192 ($508k,$470k,$526k,$543k) *$408k Average Single Family Home Selling Price: $599,115 ($499k,$463k,$521k,$539k) *$437k Single Family Home Sale to List Ratio This Week: 99% (98%, 99%, 99%, 99%) *107% Median Single Family Home List Price (6 mo): $450,000($450k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$502,000 ($505k,$510k,$515k,$521k)*$432k Average Days on Market Single Family Home: 31 (27, 28, 24, 21) *34 Condo Stats Active Condos: 110 (108, 108, 103, 94) *73 Average Condo Listing Price: $448,253 (%506k, $427k, $445k, $400k) *$400k Average Condo Selling Price: $441,853 ($497k, $409k, $453k, $388k) *$422k Condo Sale to List Ratio This Week: 99% (98%, 96%, 102%, 99%) *105% Median Condo List Price (6 mo): $384,682 ($382k, $385k, $380k, $375k) *$319k Median Condo Sold Price (6 mo): $403,600 ($405k, $408k, $411k, $413k) *$340k Average Days on Market Condos: 10 (33, 28, 16, 46) *55 Active Vacant Lots: 394 (384, 403, 386, 389) *439 Market Rant Is it mid October already? Much like the weather, the market has been hot and cold in short durations this Fall so far. The overall market environment is still swaying towards correction, but October has been sending some mixed messages so far. September usually sees a drastic reduction in activity early on due to the back to school regime, but once that has settled, October does have a small blip of activity before we head towards the lowest point of the season. Now, this is just usual "trend" that has been established by the slow gain market that Halifax has leaned on all these years, but the pandemic market did seem to rewrite some of the rules, so we don't know exactly how things will look on the other side of this. With the interest rate hikes of late, and the uncertainty of falling prices, buyers have stayed away for the most part but falling prices and achievable (seemingly) listing prices starting to come around, Buyer confidence is starting to gain some momentum. Another driving factor to the interest is the reduced inventory around here. Although inventory is reporting more than 300 units from this time last year, we are still drastically lower than our average inventory levels. We have had a tendency to flex on these amounts over the years, but it's safe to say that we average between 2000-3000 units of availability throughout the year. So when it seems that the pandemic market and multiple offers situations are back, it could be that inventory is still much lower than normal, giving the illusion of desirability. That, or perhaps after a slight correction we are back on track! Not thinking the trip will be that short, but grab a seat cause it's going to continue to be a bumpy ride and the blog has you covered! Thanks for stopping by! The Weekly "Adogtable"Hey dog lovers, my name is Tito. I am a very handsome 1.5 yr old, 20 lb neutered Griffon mix boy. I came all the way from Egypt to the Maritimes in search of my forever family. I am now ready to start that search. I am a very playful dog. My foster family has 3 girls (age 2, 5 and 12) and they love playing with me. I like to join my human girls in the evening for stories and songs. Sometimes I fall asleep on their bed. The first couple of nights I was in my foster home, I slept on the bed with mom. Once I got more comfortable, I started sleeping in my own bed next to my fur brothers’ bed. I am really flexible with where I sleep. My foster family’s dog is low energy and I am medium energy. I was able to perk him up a bit! We are always together either playing or sleeping. I do not guard my food. I would do without a dog sibling too, but I do love to play so frequent playdates would be a must. I would do best in a family without a cat since I like to chase them. I love walks. I go on lots of short walks with my foster family. All the humans we encounter comment on how gorgeous I am. My foster family puts me on a shorter leash for the first half of the walk and then I switch to a longer leash so both my fur brother and I get a chance to lead. I am good on a leash and like to take lots of time to sniff the grass and flowers. I like to say hi to other dogs but sometimes my enthusiasm can come off like I am trying to pick a fight, depending on how the other dog receives me. I also like to go on car rides! I can be pretty vocal when someone comes to the door, even after my humans are fully aware they have company. It has been rare that my humans leave me alone because dad is on summer vacation but I have not been destructive. When the human girls leave a doll lying around I bring it to them to see if I am allowed to chew it. I have not been back in my crate since that first car ride home. I am in good health. I had a few hot spots on my skin when I arrived in Nova Scotia. The nice vet gave me an injection of antibiotics and my foster mom has been giving me allergy pills wrapped in bacon and hot dogs so that I don’t itch my side or my elbows. The vet thinks that I left the environmental or food trigger behind in Egypt and hopes that I won’t have any more skin issues here. I am going back next week for a dental cleaning. I am still working on potty training. Make sure to get me outside early in the morning. My foster family has been making a really big deal of me when I do my business outside – hooting and hollering and lots of pets and kisses. It’s so much fun. It may be best for someone to be home a lot while I’m training. Currently, I have a fenced-in backyard. When the humans let me out frequently, I don’t have accidents in the house. I am looking forward to meeting my furever humans soon. Could that be you? My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 209 (190, 218, 235, 189) *182 Sold: 97 (112, 125, 105, 112) *164 Sale To Listing Ratio: 46% (59%, 57%, 45%, 59%) *90% Price Changes: 132 (83, 111, 114, 84) *43 Listings that went conditional/pending: 131 (104, 148, 140, 127) *196 Expired/Cancelled/Withdrawn: 128 (57, 60, 67, 97) *60 Total Active Halifax/Dartmouth Inventory: 1,333 (1,368, 1,340, 1,335, 1,312) +1,035 Absorption Rate in weeks: 12 (12, 11, 12, 10) *6 Single Family Home Stats Active Single Family Home: 695 (708, 705, 706, 679) *401 Average Single Family Home List Price: $508,226 ($470k,$526k,$543k,$475k) *$483k Average Single Family Home Selling Price: $498,874 ($463k,$521k,$539k,$475k) *$514k Single Family Home Sale to List Ratio This Week: 98% (99%, 99%, 99%, 99.5%) *106% Median Single Family Home List Price (6 mo): $450,000($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$505,000 ($510k,$515k,$521k,$521k)*$430k Average Days on Market Single Family Home: 27 (28, 24, 21, 22) *15 Condo Stats Active Condos: 108 (108, 103, 94, 90) *67 Average Condo Listing Price: $505,514 ($427k, $445k, $400k, $337k) *$380k Average Condo Selling Price: $496,950 ($409k, $453k, $388k, $340k) *$394k Condo Sale to List Ratio This Week: 98% (96%, 102%, 99%, 101%) *104% Median Condo List Price (6 mo): $382,450 ($385k, $380k, $375k, $375k) *$319k Median Condo Sold Price (6 mo): $405,000 ($408k, $411k, $413k, $420k) *$340k Average Days on Market Condos: 33 (28, 16, 46, 23) *24 Active Vacant Lots: 384 (403, 386, 389, 388) *438 Market Rant Has it finally started? Are we headed in the direction of annual trend and getting back to the steady Eddie market we all know from before Covid times? Couple more weeks should confirm, but that was a good amount of property that fell from the market this week, regardless of how it happened. Of course, it is a blended stat, with vacant lots taking the majority and seeing another week of significant reduction. Market does seem to be a bit sleepy at the moment, likely losing momentum as we approach the Thanksgiving long weekend, the question is if it will be temporary or not. My guess is that things will continue to draw down as the Fall presses on, then slip back into the annual trend that Halifax has grown into all these years when Winter arrives. Price corrections continue to soar, and so too the listings that expired this week. Speaking of prices, listing prices have held out so far during the ongoing price correction...until this week. Both tracked products took reductions this week, with single family homes taking the largest and most significant hit, which I believe is just the start. We are just getting into the beginning of the correction track, since six months ago the market was still decent. As we all know at this point, a lot has changed since then, but real data takes time. The big question is how will our market look on the other side of this correction. The good news is that I have you covered, so be sure to stay tuned to the blog, and stay informed! Thanks for stopping by! The Weekly "Adogtable"Hi everyone, I'm Ailee, a one year old, 35 lb, female terrier mix. I was found as a stray on the streets of Louisiana and taken to the local shelter. That's no life for a beautiful girl like me so I came all the way to the Maritimes a couple weeks ago in hopes of finding my furever family. I am currently living in Nova Scotia with my foster family which includes lots of friends to play with! I have 2 human foster siblings, 2 cat foster siblings and a dog foster sibling that is my age. I love all the humans and my canine fur foster sibling! I really want to catch those cats really badly so a home with no cats would be best. I can get jumpy and don’t really understand my size so older children that I can’t knock over would be a good idea. Even though I am medium energy, I still act like a puppy sometimes and get the sillies. I am mostly housetrained and as long as I go outside regularly I won’t make mistakes. I know how to press the button on the wall that my foster mom has for my foster sister so everyone knows I want to go out! I could really use some confidence classes as I am shy. I will bark a little when people come in the house but if they ignore me and sit for a while I will eventually come ask for attention because I am nosy. I am still learning that going new places and seeing new friends is fun so I will stay close to you so you can show me it’s ok. I have tried staying home by myself and I really didn’t like it so having a fur sibling would be perfect! Having a friend to play with all the time is the best! I settle down really quickly with my friend by my side. A family that is home more often than not would be good too so I don’t feel so lonely. I love food! Who doesn't? I gobble my food a bit too quickly at times so my foster mom got me a slow feeder which helps a lot. I know how to sit, paw, leave it and come and my foster mom says I am a smart girl so I can do anything. I will sneak food if you leave it out but I won’t grab it from your hand unless you put it toward me. I really do know my manners but sometimes I forget them and need to be reminded. I love playing! Especially with squeaky things, they are the best. I am gentle with my toys and love throwing them around. I do get a little mouthy when playing but I try my best not to do it too much it’s only when I get really, really excited. My foster mom says any family would be lucky to have me. I love my people with everything I have and will give the best snuggles especially at night when I curl up next to you. I love when the kids throw balls or stuffies for me, I bring them back and ask for more. I am gentle taking treats from your hand and especially love when you give me a head scratch after. I love going for walks and sniffing all the wonderful things around me. Will you be my forever family? My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am spayed, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 190 (218, 235, 189, 194) *182 Sold: 112 (125, 105, 112, 129) *164 Sale To Listing Ratio: 59% (57%, 45%, 59%, 67%) *90% Price Changes: 83 (111, 114, 84, 113) *43 Listings that went conditional/pending: 104 (148, 140, 127, 141) *196 Expired/Cancelled/Withdrawn: 57 (60, 67, 97, 101) *60 Total Active Halifax/Dartmouth Inventory: 1,368 (1,340, 1,335, 1,312, 1,298) +1,035 Absorption Rate in weeks: 12 (11, 12, 10, 10) *6 Single Family Home Stats Active Single Family Home: 708 (705, 706, 679, 662) *401 Average Single Family Home List Price: $469,949 ($526k,$543k,$475k,$483k) *$483k Average Single Family Home Selling Price: $463,000 ($521k,$539k,$475k,$489k) *$514k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99.5%, 101%) *106% Median Single Family Home List Price (6 mo): $459,900($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$510,000 ($515k,$521k,$521k,$525k)*$430k Average Days on Market Single Family Home: 28 (24, 21, 22, 18) *15 Condo Stats Active Condos: 108 (103, 94, 90, 91) *67 Average Condo Listing Price: $427,000($445k, $400k, $337k, $355k) *$380k Average Condo Selling Price: $408,750 ($453k, $388k, $340k, $359k) *$394k Condo Sale to List Ratio This Week: 96% (102%, 99%, 101%, 101%) *104% Median Condo List Price (6 mo): $384,950 ($380k, $375k, $375k, $385k) *$319k Median Condo Sold Price (6 mo): $407,638 ($411k, $413k, $420k, $425k) *$340k Average Days on Market Condos: 28 (16, 46, 23, 22) *24 Active Vacant Lots: 403 (386, 389, 388, 384) *438 Market Rant Inventory continues to recover and climb this week, heading in the opposite direction of pre-pandemic market trend. Inventory gains in all tracked products this week, with vacant lots taking the most significant increase. Decent amount of new listings hit the market this week as well, which is a bit surprising given the extreme weather event we were just subjected to. I'm sure Fiona postponed some sellers plans this week, so look for inventory additions to be that much more next week! Buyer activity also took a bit of a pause, which again, is not surprising given the storm. Values continue to adjust across the board again this week, making incremental downward adjustments here and there, but certainly making an impact in the grand scheme of things. Both six month median prices continue their downward march, but listing prices on average have held fast for the most part. It will still take quite a bit more time to get to the floor of the correction, but as each week passes we get closer. Some weeks are better than others, even showing signs of renewed activity, but the overall market environment is correction. With September and the first week of Fall in the books, it's anyones guess how far the adjustment will drop by the time October ends. I have you covered, so stay tuned to the blog to stay on top of the changing market and stay informed. Thanks for stopping by! The Weekly "Adogtable" Hi everyone, I'm Buster, a one year old, 25 lb, male Cur mix. I came all the way from Louisiana several weeks ago in hopes of finding my furever family in the beautiful Maritimes. Sadly I am still waiting for someone to choose me as theirs. On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so my forever family will find me! I am currently living in Nova Scotia with a new foster family so thought it would be good to update my info! My foster home includes a few other dogs, and I love them all! I’m a happy-go-lucky guy with lots of energy. Sometimes older dogs may not like how energetic I am, but I just want to play! I like everyone I meet including kids, cats and other dogs. I think I’d love a young family that is active and fun. I am getting about 3-4 twenty minute walks a day here and that has resolved my energy, house training and chewing issues! I love toys of all kinds and I’ll need some available for me to chew on. I love the outdoors! I am working on my house training and it is coming along but I will need my walks to do my business. I only go potty on a walk! 20 mins each time is fine though! I don’t like being home alone, as you can imagine since my previous humans never did come back. In my new foster home, I do not like the crate. I will go in and be quiet, but you have to catch me and force me into it so I’d really prefer not to have to go in one if possible. My new foster mom thinks I would be fine, even in an apt, as long as I have toys to play with and a doggy playmate. Since I am very food motivated, I’ve learned some tricks like how to come when my name is called! This hasn’t been tested outside yet but you can see I’m a smart boy that is willing to learn new things. I also may take a stab at counter surfing when I first get there but a few no's and I'll learn pretty quickly that it's not allowed. I’ve tried swimming and I really like it, I hope to do some more swimming and adventures with my forever family. I would really love other canine fur siblings in my home, ones that match my energy level are preferred but definitely ones who will play with me. I do have some energy to burn and a few things to work on but my loving nature will shine through those as I love everything including life and it shows. If you are an active person who enjoys lots of activity, preferably in the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet! My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 218 (235, 189, 194, 208) *223 Sold: 125 (105, 112, 129, 109) *186 Sale To Listing Ratio: 57% (45%, 59%, 67%, 52%) *83% Price Changes: 111 (114, 84, 113, 97) *56 Listings that went conditional/pending: 148 (140, 127, 141, 152) *223 Expired/Cancelled/Withdrawn: 60 (67, 97, 101, 53) *48 Total Active Halifax/Dartmouth Inventory: 1,340 (1,335, 1,312, 1,298, 1,327) +1,099 Absorption Rate in weeks: 11 (12, 10, 10, 9) *6 Single Family Home Stats Active Single Family Home: 705 (706, 679, 662, 677) *424 Average Single Family Home List Price: $525,786 ($543k,$475k,$483k,$501k) *$424k Average Single Family Home Selling Price: $521,123 ($539k,$475k,$489k,$500k) *$459k Single Family Home Sale to List Ratio This Week: 99% (99%, 99.5%, 101%, 99%) *108% Median Single Family Home List Price (6 mo): $459,900($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$515,000 ($521k,$521k,$525k,$525k)*$430k Average Days on Market Single Family Home: 24 (21, 22, 18, 16) *19 Condo Stats Active Condos: 103 (94, 90, 91, 97) *71 Average Condo Listing Price: $444,884($400k, $337k, $355k, $395k) *$342k Average Condo Selling Price: $452,944 ($388k, $340k, $359k, $395k) *$370k Condo Sale to List Ratio This Week: 102% (99%, 101%, 101%, 99.9%) *108% Median Condo List Price (6 mo): $379,900 ($375k, $375k, $385k, $390k) *$320k Median Condo Sold Price (6 mo): $410,500 ($413k, $420k, $425k, $430k) *$341k Average Days on Market Condos: 16 (46, 23, 22, 26) *9 Active Vacant Lots: 386 (389, 388, 384, 384) *474 Market Rant The overall inventory numbers continue to breakaway from the record lows reported last year, with Single Family homes leasing the charge! Available vacant land is still reporting lower than this time last year, but to be fair, it seems land has hovered around the high 300's for sometime. It took quite a while to reach the heights that it did a few years ago, so it's no surprising that new land listings are not flooding to the market right now. Bit of a ho-hum week as most stats are reflecting similar activity to last week, with a few small adjustments in favour of a balancing market. Oddly, the absorption rate shed a week this week after gaining two last week, but that was a significant gain in such a short time so it's not surprising that there was a small bounce back. I imagine numbers may report a bit on the weaker side of things with the approaching storm, as folks hunker down and hit pause on the property front. Grab the storm chips, it's might be a doozy! Stay safe out there, and thanks for stopping by! The Weekly "Adogtable" My name is Stowy. I am a male, weighing in at 5.5 lbs and was born July 3rd, 2022. I’m now ready to start the search for my furever home. I can't wait to find it!! My mom was a rescue brought to Nova Scotia from Egypt a few months ago. Unbeknownst to everyone, she brought a stowaway with her, hence my name Stowy. My mom weighs 11lbs and was dna tested with embark and it came back as 100% Eastern European Village Dog and my dad is unknown so how big or how small I'll be full grown is a mystery. I haven't met any dogs other than my mom but I sure love to play with her so I think I would be good with other dogs as long as I had a proper introduction and they were gentle with me because I'm just a tiny boy. I love my humans so much that when they come home I wiggle my tail so hard my whole body shakes. I love to give them kisses and nibble their ears sometimes even though my foster mom is teaching me not to bite. I am a playful puppy and sometimes I get into things that I'm not supposed to, so I will need someone that can take the time to carefully watch me and make sure I am not eating, chewing or playing with something that I am not supposed to be. I’m new at doggy life so I have a lot to learn. I am learning to pee and poop outside but I still have some accidents inside. I enjoy my kibbles at meal time but my foster mom is still mixing it with some wet food . The few times I have got to go for car rides, I was a very good boy. I didn't even whine. My 1st visit at the vet went really well but he did note that my bite is a bit off with my molars. Right now, it's not a cause for concern but it may be something that needs reevaluated in the future. I am still a puppy so I have alot to learn; leash manners, not to chew things I shouldn’t, more socialization, overcoming separation anxiety, recall, housetraining, enjoying new things like car rides, etc. I am the sweetest little boy wanting to learn all there is to know about being a good dog. In short I am a puppy who requires lots of time and patience to be the best big boy that I can be. It also means that I will be a 10-20 year commitment for my future forever family. If you have the time, patience, and are committed, then I could be the handsome boy for you!! My adoption fee is a $550 donation to the rescue to help save more dogs like me. I have had my first set of shots but set 2 and 3 at 12 and 16 weeks will be the responsibility of my adopter. I am much too young to be neutered so this will be my adopter's responsibility also once I'm old enough. I am too small to be microchipped so this should be done when I'm neutered. I have been dewormed and I do come with a 6 week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 235 (189, 194, 208, 256) *229 Sold: 105 (112, 129, 109, 153) *195 Sale To Listing Ratio: 45% (59%, 67%, 52%, 67%) *85% Price Changes: 114 (84, 113, 97, 105) *55 Listings that went conditional/pending: 140 (127, 141, 152, 168) *201 Expired/Cancelled/Withdrawn: 67 (97, 101, 53, 64) *41 Total Active Halifax/Dartmouth Inventory: 1,335 (1,312, 1,298, 1,327, 1,314) +1,115 Absorption Rate in weeks: 12 (10, 10, 9, 9) *6 Single Family Home Stats Active Single Family Home: 706 (679, 662, 677, 662) *433 Average Single Family Home List Price: $542,549 ($475k,$483k,$501k,$505k) *$531k Average Single Family Home Selling Price: $539,414 ($475k,$489k,$500k,$503k) *$548k Single Family Home Sale to List Ratio This Week: 99% (99.5%, 101%, 99%, 99%) *103% Median Single Family Home List Price (6 mo): $459,900($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$520,600 ($521k,$525k,$525k,$531k)*$434k Average Days on Market Single Family Home: 21 (22, 18, 16, 16) *22 Condo Stats Active Condos: 94 (90, 91, 97, 101) *78 Average Condo Listing Price: $389,900 ($337k, $355k, $395k, $394k) *$377k Average Condo Selling Price: $387,500 ($340k, $359k, $395k, $392k) *$391k Condo Sale to List Ratio This Week: 99% (101%, 101%, 99.9%, 99%) *104% Median Condo List Price (6 mo): $374,900 ($375k, $385k, $390k, $387k) *$320k Median Condo Sold Price (6 mo): $412,750 ($420k, $425k, $430k, $438k) *$344k Average Days on Market Condos: 46 (23, 22, 26, 17) *28 Active Vacant Lots: 389 (388, 384, 384, 383) *470 Market Rant Big call out of the week belongs to the absorption rate, which gained a surprising two weeks and doubled the duration from this time last year! Since the turn of the market, we have been watching this stat climb at a rapid pace, but to gain two weeks in one proves just how quickly things have and continue to change. Another surprising mention is the sales to list ratio this week, reporting in at an annual low of 45%, showing that listings are still coming to market in hopes of catching the remaining market, but sales are lagging. Seems to be a bit more buyer activity overall however. Showings are up, and general market activity is still quite busy, especially given the time of year. Perhaps with adjusting property prices, buyers who had been priced out, or simply did not want to get caught up in the madness of the pandemic are returning, with hopes of locking something up near or even below asking price! That does seem to be the trend at this point, falling prices and final sales reporting under last list price. There has been reports of competing offers in some of areas of the market, but not the volume of last year at this time, nor the amounts we had all been shocked over and over by. Adjusting time continues, and will proceed to do so as the market year comes to a close. The big question will be how the Spring market will bound back. Will we see further correction, or will we see another surge market like we witnessed this year? Only time will tell, and I have you covered! Be sure to stay tuned to the blog, and stay informed! Thanks for stoping by! The Weekly "Adogtable"My name is Gilbert, a 9 month old, 27lb., mixed breed boy. Although my records will say my name is Jack because my rescuers named me Gilbert before the rescue in Louisiana named me so we just kept it. I came all the way from Louisiana two weeks ago and have been living in NS with my foster parents. I’m now ready to find a forever home! I’m a very sweet and friendly boy. I am affectionate, smart and a great listener. I’m house trained and I love being outside; my foster mom says I’m great on the leash. I’m still young, and get a little too excited about other dogs… I just want to say hello to everyone, but I’m quickly learning how to do it respectfully! My foster sibling and I get along great, so I would be fine in a home with another dog again. I’m not too concerned about cats either. I love toys and bones, not big on chewing furniture and shoes — I’m a good boy! My foster parents say I’m goofy. I love to give paw and have my hand held when I’m getting scratches. I also love to sleep in funny positions, usually with my paws up in the air and my teeth out in a big smile. Everyone I meet tells me I’m handsome, so I spend a lot of time looking at myself in the mirror and windows. I’m very curious, and will want to sniff everything. Did I mention I LOVE food? I will give paw, sometimes both, and sit on command — especially if you have a treat in hand. I have recently started to respond to my name too. I’m still a puppy, and I have a lot of energy when playing, but I also sleep a LOT. Sometimes I cry a little if I’m bored. I would love a home in which someone would play with me and teach me things. I am gentle with kids and just need to be reminded to sit sometimes. I’ve had a rough start since I was born, so I’m so happy to be in a home where I’m loved. I get a little bit nervous when I’m left home alone for a while. I don’t bark, but I do cry a little bit. My foster parents think this will improve as I learn to trust that you will come back. Otherwise, I think I’m a perfect boy, as my fosters like to say! If you’re a person or family, looking for your loving best friend, look no further because here I am. My adoption fee is a $550 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped and have all my doggy papers to come home to you. I also come with a 6 week trial of pet insurance from PetSecure! You can apply for me at https://form.jotform.com/60895241776264. This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 189 (194, 208, 256, 229) *186 Sold: 112 (129, 109, 153, 147) *146 Sale To Listing Ratio: 59% (67%, 52%, 67%, 64%) *79% Price Changes: 84 (113, 97, 105, 99) *56 Listings that went conditional/pending: 127 (141, 152, 168, 171) *184 Expired/Cancelled/Withdrawn: 97 (101, 53, 64, 39) *48 Total Active Halifax/Dartmouth Inventory: 1,312 (1,298, 1,327, 1,314, 1,304) +1,116 Absorption Rate in weeks: 10 (10, 9, 9, 9) *5 Single Family Home Stats Active Single Family Home: 679 (662, 677, 662, 645) *434 Average Single Family Home List Price: $474,900 ($483k,$501k,$505k,$487k) *$447k Average Single Family Home Selling Price: $474,500 ($489k,$500k,$503k,$505k) *$472k Single Family Home Sale to List Ratio This Week: 99.9% (101%, 99%, 99%, 102%) *106% Median Single Family Home List Price (6 mo): $459,450($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$520,600 ($525k,$525k,$531k,$535k)*$434k Average Days on Market Single Family Home: 22 (18, 16, 16, 16) *16 Condo Stats Active Condos: 90 (91, 97, 101, 100) *84 Average Condo Listing Price: $337,442 ($355k, $395k, $394k, $359k) *$352k Average Condo Selling Price: $340,115 ($359k, $395k, $392k, $360k) *$357k Condo Sale to List Ratio This Week: 101% (101%, 99.9%, 99%, 100%) *101% Median Condo List Price (6 mo): $374,900 ($385k, $390k, $387k, $380k) *$320k Median Condo Sold Price (6 mo): $420,000 ($425k, $430k, $438k, $438k) *$344k Average Days on Market Condos: 23 (22, 26, 17, 24) *8 Active Vacant Lots: 388 (384, 384, 383, 380) *471 Market Rant The big news continues to be the price correction, overall and effecting all products here in Halifax. Single Family Homes seem to be leading the way, and have reduced 10k on average, also taking a massive 30k hit in the selling prices in a short month span so far. What's interesting is that the six month averages are catching up much faster than expected, meaning these quick changes have had a speedier impact than anticipated. It also means that we are yet to see the full brunt of these changes, as we are still a couple months from breaking away from the peak stats still contributing to these averages. As we continue to slide down the scale, it will be important to monitor the balancing stats as we approach the bottom. The time of year is certainly assisting with the rapid changes, and will continue to do so until we see the Spring Market of 2023. Perhaps when Spring does roll back around, the market has stabilized to a degree and buyers confidence returns to create a balanced market. Some folks I've chatted with think we are in a buyers market, which isn't completely accurate, to an extent. Sure, there are options for purchase now, and yes, you are staring to see options and overpriced listings stick around for a bit, but if priced correctly properties are still moving quickly in most areas of the city. If sellers continue to adjust to the current market environment, adjust expectations, then the pace of the correction will slow, especially as the listings that tried to capitalize on the market continue to withdraw from it. With the rapid value growth in such a short time, it is no doubt the correction was going to be significant when it happened. It will be interesting to see how many steps back from the peak we will end up. Stay tuned to the blog to find out, and stay informed! Thanks for stopping by! The Weekly "Adogtable"Hi everyone, I'm Ailee, a one year old, 35 lb, female terrier mix. I was found as a stray on the streets of Louisiana and taken to the local shelter. That's no life for a beautiful girl like me so I came all the way to the Maritimes a couple weeks ago in hopes of finding my furever family. I am currently living in Nova Scotia with my foster family which includes lots of friends to play with! I have 2 human foster siblings, 2 cat foster siblings and a dog foster sibling that is my age. I love all the humans and my canine fur foster sibling! I really want to catch those cats really badly so a home with no cats would be best. I can get jumpy and don’t really understand my size so older children that I can’t knock over would be a good idea. Even though I am medium energy, I still act like a puppy sometimes and get the sillies. I am mostly housetrained and as long as I go outside regularly I won’t make mistakes. I do know how to press the button on the wall that my foster mom has for my foster sister so everyone knows I want to go out but I don’t like the bells that hang from the door so none of those please. I could really use some confidence classes as new people, animals and situations make me unsure. I will freeze when I see dogs or people while walking but once they pass a quick let’s go and I will keep walking. I will bark a little when people come in the house too but if they ignore me and sit for a while I will eventually come ask for attention because I am nosy even when I am unsure. I have tried staying home by myself and I really didn’t like it so having a fur sibling would be perfect! They help me feel safe plus having a friend to play with all the time is the best! I settle down really quickly with my friend by my side. A family that is home more often than not would be good too so I don’t feel so lonely. I love food! Who doesn't? I gobble my food a bit too quickly at times so my foster mom got me a slow feeder which helps a lot. I am starting to pick up on a few tricks and my foster mom says I am a smart girl and can do anything. I will sneak food if you leave it out but I won’t grab it from your hand unless you put it toward me. I really do know my manners but sometimes I forget them and need to be reminded. I love playing! Especially with squeaky things, they are the best. I am gentle with my toys and love throwing them around. I do get a little mouthy when playing but I try my best not to do it too much it’s only when I get really, really excited. My foster mom says any family would be lucky to have me. I love my people with everything I have and will give the best snuggles especially at night when I curl up next to you. I love when the kids throw balls or stuffies for me, I bring them back and ask for more. I am gentle taking treats from your hand and especially love when you give me a head scratch after. I am a dream to walk I don’t pull and love to sniff. Will you be my forever family? My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am spayed, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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: 194 (208, 256, 229, 203) *227 Sold: 129 (109, 153, 147, 138) *183 Sale To Listing Ratio: 67% (52%, 67%, 64%, 68%) *80% Price Changes: 113 (97, 105, 99, 88) *61 Listings that went conditional/pending: 141 (152, 168, 171, 147) *216 Expired/Cancelled/Withdrawn: 101 (53, 64, 39, 81) *49 Total Active Halifax/Dartmouth Inventory: 1,298 (1,327, 1,314, 1,304, 1,290) +1,188 Absorption Rate in weeks: 10 (9, 9, 9, 9) *7 Single Family Home Stats Active Single Family Home: 662 (677, 662, 645, 638) *482 Average Single Family Home List Price: $483,268 ($501k,$505k,$487k,$521k) *$429k Average Single Family Home Selling Price: $488,698 ($500k,$503k,$505k,$521k) *$469k Single Family Home Sale to List Ratio This Week: 101% (99%, 99%, 102%, 100%) *109% Median Single Family Home List Price (6 mo): $459,450($460k,$460k,$460k,$460k) *$380k Median Single Family Home Sold Price (6 mo):$525,000 ($525k,$531k,$535k,$540k)*$436k Average Days on Market Single Family Home: 18 (16, 16, 16, 20) *12 Condo Stats Active Condos: 91 (97, 101, 100, 105) *87 Average Condo Listing Price: $355,206 ($395k, $394k, $359k, $359k) *$338k Average Condo Selling Price: $359,387 ($395k, $392k, $360k, $360k) *$353k Condo Sale to List Ratio This Week: 101% (99.9%, 99%, 100%, 103%) *104% Median Condo List Price (6 mo): $384,500 ($390k, $387k, $380k, $380k) *$319k Median Condo Sold Price (6 mo): $425,000 ($430k, $438k, $438k, $440k) *$345k Average Days on Market Condos: 22 (26, 17, 24, 24) *13 Active Vacant Lots: 384 (384, 383, 380, 371) *472 Market Rant One of those slow and subtle weeks this week, as we put August in the rear view! Expect market activity to drop off in a big way this long weekend, as the big push to squeeze the last few days out of Summer, and before the return to school! Historically, the September long weekend signals the kickoff to the slower seasons of the year, which at this point will just be a continuation of the sleepy Summer we have had. Usually, buyer activity will fall off at this point, as well as listings that managed to chase the market for the Spring/Summer seasons, reflected by the expired/cancelled/withdrawn stat.. The end of August did see a slight uptick in activity right at the end, so the question is if the correction will continue, or will things start to pick up with a bit more confidence as the market plateaus. A lot of folks think the worst is yet to come, and the correction will continue well into 2023, possible further. So far, the correction has hit quickly in most areas, but some locations and product types are holding out, keeping the numbers from truly revealing the current conditions. We added another week to the absorption rate this week, which has hit double digits for the first time in almost two years. Values have held fast this week for the most part, with incremental decreases that tend to chip away at them over time. The overbid factor continues to dry up, with the average prices continuing to sell around listing price. Also keep in mind that the sales to list ratios for these tracked products are their current listing price, and it does not take into consideration their original listed price. With the amount of price corrections that have and continue to occur, I would bet this number would be much lower than the current list stat, but the current list is a better indicator for market trend. Slower days are on the horizon, and as we edge closer to the end of the year, we start to put the incredible Halifax pandemic market of 2020-22 in the history books. Who knows, this could all be a temporary falloff until the market confidence is re-established, but the prediction is that we are on the way back to a classic, slow gain, Halifax market. Have to stay tuned to the Halifax Real Estate Blog to stay informed and stay on top of things! Thanks for stopping by! The Weekly "Adogtable"Hi everyone! Im Nick, a goofy energetic 10-month old terrier mix weighing around 40lbs. I came from Louisiana, where I was found as a stray, a couple weeks ago and I'm now ready to start the search for my forever family. I have been experiencing all sorts of new things while I’ve been in Canada. I am mostly house trained but I do need to be let out often to make sure I don’t have any accidents. I have been left at home with my foster fur brother for up to 2 hours without issue. I’ve met lots of adults and dogs and I love them all. I haven't met any children or cats. I think I would do best in a house with no kids or older ones as I love to play with my mouth when I get excited, and without cats as I like to chase things that are smaller than me. I will definitely need some work on my mouthing as I'm pretty big and strong already. My foster brother and I love to roughhouse, so I would love to have a fur sibling who is as energetic and loves to play rough and tough like me. I might be okay as an only dog as long as I had lots of stimulation and exercise. I love to play with toys and chew on bones and will generally only play with my things but sometimes I steal shoes and socks if no one is watching! Since I am such a busy guy and bark when I hear strange noises or get excited, I don’t think I would do so well in an apartment. Even after coming all the way from Louisiana I am great in the car and love to adventure with my peeps! I stand for a bath, but I am still unsure about walking on a leash so my new parents would have to work on me with that. I love to snuggle and cozy up next to you at night. I can be head strong so I think someone who has experience with dogs and would be willing to work with me would be best. I LOVE food, and am a very smart boy, my foster mom thinks I would be great at agility or another type of dog sport - whatever that means. I am a puppy who loves life and I have sooo much love to give, I just need a few kinks worked out to become the best big boy that I can be. If you’re an adventurous, busy person searching for a loyal, silly companion - look no further, I just might be your guy ! My adoption fee is a $550 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE |
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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