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Halifax (HRM) Residential Statistic Update for the Week of September 19th - 26th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 207 (265, 277, 246, 245) *285 Sold: 189 (192, 149, 147, 158) *174 Sale To Listing Ratio: 91% (72%, 54%, 60%, 65%) *61% Price Changes: 124 (132, 121, 140, 115) *172 Listings that went conditional/pending: 187 (208, 168, 189, 194) *164 Expired/Cancelled: 57 (66, 71, 141, 67) *127 Total Active Halifax/Dartmouth Inventory: 3,094 (3,139, 3,157, 3,132, 3,194) +4,030 Absorption Rate in weeks: 18 (19, 19, 19, 18) *27 Single Family Home Stats Active Single Family Home: 1,685 (1,716, 1,751, 1,744, 1,775) *2,258 Average Single Family Home List Price: $330,615 ($351k,$318k,$333k,$327k) *$308k Average Single Family Home Selling Price: $323,449 ($342k,$312k,$327k,$321k) *$299k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $308,500 ($309k,$309k,$306k,$305k)*$290k Median Single Family Home Sold Price (6 mo):$302,400($303k,$303k,$302k,$300k)*$282k Average Days on Market Single Family Home: 52 (54, 86, 60, 53) *53 Condo Stats Active Condos: 210 (220, 213, 205, 203) *329 Average Condo Listing Price: $255,849 ($275k, $285k, $293k, $280k) *$213k Average Condo Selling Price: $249,316 ($267k, $276k, $287k, $276k) *$206k Condo Sale to List Ratio This Week: 98% (98%, 97%, 98%, 98%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $244,450 ($243k, $244k, $243k, $243k) *$221k Average Days on Market Condos: 34 (46, 68, 27, 114) *79 Active Vacant Lots: 936 (930, 916, 946, 937) *1,071 Market Rant Another good week of inventory reduction this week that almost pushed the spread to a 1000 product unit difference from last year to now, pretty impressive. There was a time during the Summer that appeared as though the inventory gap would narrow, and possibly close between the two years, but as the year pressed on it is now more evident than ever that it's not going to happen. This reduction could have been helped a bit by the below average new listing additions, solid sales report and relentless buyer activity, although you would expect a bit of balance from the fewer listings that retreated from the market this week compared to last, but that is also not the case. Because of the lack of listings this week, the sales to list ratio smashed a record with and whopping 91% showing, and reduced the absorption rate to 18 weeks, something that isn't common around this time of year. Values stabilized this week, and we actually witnessed the reversal of the surging single family home 6 month median price reduce for the first time since the Spring. Now, it was a small reduction, but it was still a reduction none the less. Rewind to February and the median price for SFH's reported roughly $20k less across a six month spread, which is no small stat based on that large of a window. Condo's also felt the increase as well, with a $20k variance in value from last year at this time. There was a couple key weeks later in the Spring that contributed to the value surge, and I reported on the incredible amount increase in key times of the Summer, sometimes by $5k in a single week! This was also the first year that the SFH 6 month median list and sales reported over $300k historically, and for this length. Values tend to trend in the upwards direction, so it will be surprising to see Halifax dip below the $300k mark again, but stay tuned to see if the pending Fall and Winter months have anything to say about it. Thanks for stopping by! The Weekly Adogtable!! This big guy is looking for a new place to call home. He can be a bit nervous at first, especially with men. However, give him some time and he will be asking you for some affection and treats as he sits and gives you a paw! Vito enjoys toys, in particular ones with a good squeak! If you are interested in meeting Vito, he is waiting for you to take him for a walk. This "cuddly companion" is available through the Nova Scotia SPCA, a non profit rescue organization from Halifax, 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 Halifax (HRM) Residential Statistic Update for the Week of September 12th - 19th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 265 (277, 246, 245, 286) *280 Sold: 192 (149, 147, 158, 209) *167 Sale To Listing Ratio: 72% (54%, 60%, 65%, 73%) *60% Price Changes: 132 (121, 140, 115, 168) *163 Listings that went conditional/pending: 208 (168, 189, 194, 198) *176 Expired/Cancelled: 66 (71, 141, 67, 89) *111 Total Active Halifax/Dartmouth Inventory: 3,139 (3,157, 3,132, 3,194, 3,216) +4,026 Absorption Rate in weeks: 19 (19, 19, 18, 17) *28 Single Family Home Stats Active Single Family Home: 1,716 (1,751, 1,744, 1,775, 1,816) *2,283 Average Single Family Home List Price: $351,008 ($318k,$333k,$327k,$332k) *$304k Average Single Family Home Selling Price: $342,069 ($312k,$327k,$321k,$324k) *$295k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97% Median Single Family Home List Price (6 mo): $309,000 ($309k,$306k,$305k,$305k)*$290k Median Single Family Home Sold Price (6 mo):$303,000($303k,$302k,$300k,$302k)*$283k Average Days on Market Single Family Home: 54 (86, 60, 53, 58) *56 Condo Stats Active Condos: 220 (213, 205, 203, 196) *328 Average Condo Listing Price: $275,011 ($285k, $293k, $280k, $287k) *$322k Average Condo Selling Price: $269,676 ($276k, $287k, $276k, $278k) *$314k Condo Sale to List Ratio This Week: 98% (97%, 98%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,000 ($244k, $243k, $243k, $240k) *$221k Average Days on Market Condos: 46 (68, 27, 114, 60) *105 Active Vacant Lots: 935 (930, 916, 946, 937) *1,067 Market Rant Now why can't the weather be as hot as the market right now? What looked like the start of the annual activity reduction trend has turned a bit on its heals, generating a bit more action as head into the Fall. Although it was a fairly average new listing week, sales had solid showing, but the big stat of the week is the amount of properties that received and accepted offers this week, showcasing that buyers are not done yet! There was a feeling in the market this week that had ramped up again, and seeing the numbers this week just confirms it. There does seem to be an end of Summer surge annually though, which may be assisted by the school year. Seems coincidental that there is a lack of activity across the board around the beginning of September when school starts, only to pick up again in full force a week or two later. So another strong end to the Summer, I just wish it wasn't over so quickly! Thanks for stopping by! The Weekly Adogtable!! Layla was surrendered as she liked to eat the baby's toys. This sweet girl knows her basic obedience, walks well on leash and is good with other dogs. She is energetic, playful, affectionate and loves to cuddle! She loves to play ball and go for walks. She is also crate trained. Layla likes to jump on people initially to say hi, but is learned to keep her paws on the ground. She is being fostered with another dog and a cat. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 Halifax (HRM) Residential Statistic Update for the Week of September 5th - 12th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 277 (246, 245, 286, 273) *227 Sold: 149 (147, 158, 209, 154) *141 Sale To Listing Ratio: 54% (60%, 65%, 73%, 56%) *62% Price Changes: 121 (140, 115, 168, 123) *161 Listings that went conditional/pending: 168 (189, 194, 198, 198) *165 Expired/Cancelled: 71 (141, 67, 89, 128) *89 Total Active Halifax/Dartmouth Inventory: 3,157 (3,132, 3,194, 3,216, 3,257) +4,031 Absorption Rate in weeks: 19 (19, 18, 17, 18) *29 Single Family Home Stats Active Single Family Home: 1,751 (1,744, 1,775, 1,816, 1,852) *2,288 Average Single Family Home List Price: $317,793 ($333k,$327k,$332k,$362k) *$336k Average Single Family Home Selling Price: $312,181 ($327k,$321k,$324k,$354k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *96% Median Single Family Home List Price (6 mo): $308,500 ($306k,$305k,$305k,$304k)*$290k Median Single Family Home Sold Price (6 mo):$302,500($302k,$300k,$302k,$300k)*$283k Average Days on Market Single Family Home: 86 (60, 53, 58, 55) *67 Condo Stats Active Condos: 213 (205, 203, 196, 210) *330 Average Condo Listing Price: $285,229 ($293k, $280k, $287k, $249k) *$254k Average Condo Selling Price: $275,670 ($287k, $276k, $278k, $243k) *$244k Condo Sale to List Ratio This Week: 97% (98%, 98%, 97%, 98%) 96% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,450 ($243k, $243k, $240k, $240k) *$221k Average Days on Market Condos: 68 (27, 114, 60, 50) *122 Active Vacant Lots: 930 (916, 946, 937, 939) *1,069 Market Rant Well that's a bit peculiar. The usual trend around this time of year has the inventory declining week to week, until it hits the lowest point of the year, which is usually around the last week of the year. However, this week decided to buck that trend by increasing in volume across all tracked products! Certainly interesting, especially with a hurricane that should have halted most activity for the week, when in fact, the market activity hardly skipped a beat! With sellers listing, buyers buying, and other buzzing activity going on, it goes to show that there doesn't seem to be much that is going to stop this market anytime soon, or is there? There are cracks in the veneer starting to show, with a slight reduction in the current week values, and days on market took a bump as well, but could those be regular attributes of the annual trend, or are they indicators that a bit more is happening? The market reports like a snake on the move; you may see the head of it right away, but you really don't get to see the overall size of it until the rest of the body catches up. So too is the market, where historical data can be marched to current reports to compare change, but the impact of the current report isn't measured until time has passed to solidify the change. So make sure you keep tuned to the Halifax Real Estate Blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable!! Myers is a pretty friendly, happy-go-lucky dude. He was surrendered because of his skin allergies, but with a good quality food - his skin is coming around nicely! Myers just LOVES to play with other dogs, ignores cats and really enjoys going for walks. He is a vocal, happy boy that is energetic, and loves to chew on his chew toys and bones. Myers understands french commands, so will need help learning the english ones. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Halifax (HRM) Residential Statistic Update for the Week of August 29th - September 5th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 246 (245, 286, 273, 270) *208 Sold: 147 (158, 209, 154, 198) *126 Sale To Listing Ratio: 60% (65%, 73%, 56%, 73%) *61% Price Changes: 140 (115, 168, 123, 167) *143 Listings that went conditional/pending: 189 (194, 198, 198, 204) *135 Expired/Cancelled: 141 (67, 89, 128, 134) *201 Total Active Halifax/Dartmouth Inventory: 3,132 (3,194, 3,216, 3,257, 3,263) +4,027 Absorption Rate in weeks: 19 (18, 17, 18, 17) *27 Single Family Home Stats Active Single Family Home: 1,744 (1,775, 1,816, 1,852, 1,858) *2,287 Average Single Family Home List Price: $333,395 ($327k,$332k,$362k,$338k) *$333k Average Single Family Home Selling Price: $327,024 ($321k,$324k,$354k,$328k) *$323k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 97%) *97% Median Single Family Home List Price (6 mo): $306,000 ($305k,$305k,$304k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$302,000($300k,$302k,$300k,$290k)*$282k Average Days on Market Single Family Home: 60 (53, 58, 55, 51) *66 Condo Stats Active Condos: 205 (203, 196, 210, 213) *331 Average Condo Listing Price: $292,773 ($280k, $287k, $249k, $250k) *$256k Average Condo Selling Price: $287,213 ($276k, $278k, $243k, $244k) *$249k Condo Sale to List Ratio This Week: 98% (98%, 97%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $243,000 ($243k, $240k, $240k, $241k) *$223k Average Days on Market Condos: 27 (114, 60, 50, 38) *74 Active Vacant Lots: 916 (946, 937, 939, 937) *1,067 Market Rant It's getting closer to the 1000 unit gap spread by the week! We hit just shy of 900 less products on the market this week compared to last, which doesn't seem like a lot, but the overall inventory reported a mere 4k last year an even more measly 3k this year (respectively), so to have such a drastic reduction over a years time is quite significant. There's not one specific product you can point a direct finger at, as they are all taking reductions, well, maybe the vacant land stat hasn't changed that much haha. New and back to market listings turned it up a notch this week for the time of year, but they were also met with a just as healthy sales and buyer activity report. A few more listings tham normal that pulled from the market this week, but I would imagine that the new school year and end of Summer may have something to do with it. Something else that may skew the numbers this week is the pending storm. If you haven't heard, there is a possible category 1 hurricane set to graze Halifax and cross over the province on Saturday, so home shopping may be put on hold this weekend. Between the storm, and back to school, I anticipate a fairly slow week on the market this week, but you never know! Stay tuned to the blog to see if there is really any changes, and stay safe out there! Thanks for stopping by! The Weekly Adogtable!! Kelly was surrendered as her family did not have time for her between their busy schedules and her energy requirements. Kelly is relaxed with all physical manipulations, is affectionate and excitable with people she knows, but is fearful of strangers initially. This sweet girl needs someone who will go slow with her as she has learned life can be a pretty scary place. She growls at other dogs (likely a lack of socialization), is playful with toys, hardly barks and is crate trained. No small animals for Kelly and she is presently terrified of children. Kelly will need basic obedience training. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 Halifax (HRM) Residential Statistic Update for the Week of August 22nd - 29th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 245 (286, 273, 270, 302) *294 Sold: 158 (209, 154, 198, 205) *147 Sale To Listing Ratio: 65% (73%, 56%, 73%, 68%) *50% Price Changes: 115 (168, 123, 167, 205) *158 Listings that went conditional/pending: 194 (198, 198, 204, 220) *179 Expired/Cancelled: 67 (89, 128, 134, 94) *142 Total Active Halifax/Dartmouth Inventory: 3,194 (3,216, 3,257, 3,263, 3,323) +4,194 Absorption Rate in weeks: 18 (17, 18, 17, 17) *26 Single Family Home Stats Active Single Family Home: 1,775 (1,816, 1,852, 1,858, 1,888) *2,392 Average Single Family Home List Price: $327,214 ($332k,$362k,$338k,$355k) *$318k Average Single Family Home Selling Price: $320,540 ($324k,$354k,$328k,$345k) *$308k Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $304,900 ($305k,$304k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$300,000($302k,$300k,$290k,$290k)*$281k Average Days on Market Single Family Home: 53 (58, 55, 51, 51) *69 Condo Stats Active Condos: 203 (196, 210, 213, 213) *357 Average Condo Listing Price: $280,027 ($287k, $249k, $250k, $267k) *$287k Average Condo Selling Price: $275,566 ($278k, $243k, $244k, $260k) *$282k Condo Sale to List Ratio This Week: 98% (97%, 98%, 97%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $242,750 ($240k, $240k, $241k, $241k) *$221k Average Days on Market Condos: 114 (60, 50, 38, 38)*118 Active Vacant Lots: 946 (937, 939, 937, 947) *1,084 Market Rant Although is was a sleepy week for sales and new listings, back to school supplies weren't the only thing being shopped for as almost 200 properties received and accepted offers. Not a lot of expired or cancelled listing this week either, which is likely because listing contracts are usually set to expire at the very end/beginning of the month. I anticipate that to change next week when we see a good chunk of inventory retreat from the market as school ramps up and some sellers focus changes. Still a good market for sellers in most areas of the HRM though, so we might see what little inventory is left wait it out. Values overall are holding steady, and the only real change this week is that the six month median sale prices on single family homes dipped slightly. The absorption rate gained a week, but I have a feeling that's a temporary thing. There should be another sale push mid September once things cool off a bit, then it's the slow taper to minimum activity months of the Fall. You never know though, this year has been anything but predictable, so stay tuned to the blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable!! Are you looking for a sweet older gal with a zest for life? Diva is the ideal walking buddy and couch companion. She'll happily hit up the walking trails and explore all of your favourite outdoor spots (and maybe even help you discover some new ones)! Slowing down isn't on her to-do list, as Diva has lots of energy to spare. She'll keep you on your toes and challenge you to keep up with a goofy grin on her face! Diva would be best suited to a home: -Without other animals (this diva has a bit of an attitude and lacks her doggy manners) -With children over 10 This "cuddly companion" is available through Homeward Bound City Pound Rescue, a non profit rescue organization from Halifax, 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 Halifax (HRM) Residential Statistic Update for the Week of August 15h - 22nd, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 286 (273, 270, 302, 322) *294 Sold: 209 (154, 198, 205, 181) *147 Sale To Listing Ratio: 73% (56%, 73%, 68%, 56%) *50% Price Changes: 168 (123, 167, 205, 190) *158 Listings that went conditional/pending: 198 (198, 204, 220, 217) *179 Expired/Cancelled: 89 (128, 134, 94, 100) *142 Total Active Halifax/Dartmouth Inventory: 3,216 (3,257, 3,263, 3,323, 3,357) +4,194 Absorption Rate in weeks: 17 (18, 17, 17, 17) *26 Single Family Home Stats Active Single Family Home: 1,816 (1,852, 1,858, 1,888, 1,903) *2,392 Average Single Family Home List Price: $331,944 ($362k,$338k,$355k, $326k) *$318k Average Single Family Home Selling Price: $323,740 ($354k,$328k,$345k,$317k) *$308k Single Family Home Sale to List Ratio This Week: 98% (98%, 97%, 97%, 98%) *97% Median Single Family Home List Price (6 mo): $305,000 ($304k,$300k,$300k,$299k)*$289k Median Single Family Home Sold Price (6 mo):$302,000($300k,$290k,$290k,$290k)*$281k Average Days on Market Single Family Home: 58 (55, 51, 51, 37) *69 Condo Stats Active Condos: 196 (210, 213, 213, 223) *357 Average Condo Listing Price: $286,822 ($249k, $250k, $267k, $243k) *$287k Average Condo Selling Price: $277,616 ($243k, $244k, $260k, $241k) *$282k Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 99.5%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $240,000 ($240k, $241k, $241k, $240k) *$221k Average Days on Market Condos: 60 (50, 38, 38, 31)*118 Active Vacant Lots: 937 (939, 937, 947, 953) *1,084 Market Rant Seems the Summer market has no plans on slowing down anytime soon! After a sleepy few weeks of market activity, things around here have certainly got interesting this month. As previously mentioned, Summer tends to slow down a bit and ignite the beginning of the annual reduction trend. Where we are seeing some of that trend in motion, there are variables that have caused a few raised eyebrows. For instance, sales (again) are significantly higher than last year at this time, and fell back in line with the previous weeks of reporting, and all this with a significantly lower inventory. Buyer activity is still solid as well, with a higher report than last year at this time, and eclipsing the absorption rate stats of last year. Overall, the market is just in a better place than last year, and last year was a good year (for Sellers). There has been a few communities easing up on elusive entry, but the main hub (Peninsular Halifax and select areas of Bedford and Dartmouth) are still quite hot. Not really a surprise, but there seems to be a few more vacation, recreational properties, and anything fronting a body of water as well. I call this the "summertime effect", which is basically the thought that people want to relax on vacation and cool off when sun is shining, for the Summer, or maybe even year round. Hopefully, you are having a nice Summer as well, and I thank you for stopping by! Stay tuned to the blog to keep up with all things real estate, and don't hesitate to reach out if you have a question, or need help buying or selling a property! The Weekly Adogtable!! Sweet Keana was surrendered as her family had no more time for her. She is very gentle and affectionate with those she knows won't hurt her, and is shy around strangers and loud noises, although she adapts quite quickly. Keana is fearful of other dogs as she was attacked in the past. Sweet Keana is not vocal and is great in the house. Her family will need to be sensitive to her delicate nature to help her overcome her insecurities. Keana has never tried to snap or growl at anyone, but gives lots of calming signals when uncertain. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 Halifax (HRM) Residential Statistic Update for the Week of August 1st - August 8th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 273 (270, 302, 322, 333) *241 Sold: 154 (198, 205, 181, 197) *167 Sale To Listing Ratio: 56% (73%, 68%, 56%, 60%) *69% Price Changes: 123 (167, 205, 190, 161) *165 Listings that went conditional/pending: 198 (204, 220, 217, 242) *130 Expired/Cancelled: 128 (134, 94, 100, 103) *68 Total Active Halifax/Dartmouth Inventory: 3,257 (3,263, 3,323, 3,357, 3,341) +4,213 Absorption Rate in weeks: 18 (17, 17, 17, 16) *25 Single Family Home Stats Active Single Family Home: 1,852 (1,858, 1,888, 1,903, 1,883) *2,420 Average Single Family Home List Price: $362,333 ($338k,$355k, $326k,$321k) *$301k Average Single Family Home Selling Price: $354,106 ($328k,$345k,$317k,$316k) *$292k Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 98%, 99%) *97% Median Single Family Home List Price (6 mo): $304,000 ($300k,$300k,$299k,$300k)*$287k Median Single Family Home Sold Price (6 mo):$300,000 ($290k,$290k,$290k,$298k)*$280k Average Days on Market Single Family Home: 55 (51, 51, 37, 51) *66 Condo Stats Active Condos: 210 (213, 213, 223, 225) *377 Average Condo Listing Price: $248,608 ($250k, $267k, $243k, $279k) *$247k Average Condo Selling Price: $242,610 ($244k, $260k, $241k, $271k) *$243k Condo Sale to List Ratio This Week: 98% (97%, 97%, 99.5%, 97%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $239,900 ($241k, $241k, $240k, $221k) *$223k Average Days on Market Condos: 50 (38, 38, 31, 79)*56 Active Vacant Lots: 939 (937, 947, 953, 949) *1,071 Market Rant If there was any question about the current market in Halifax breaking trend and keeping the surge going, have no fear, the stats are following the usual path with slight variations. Sales took a bit of a hit this week, but long weekends tend to adversely affect the numbers, so I don't think that should be a cause for concern. Although the sales were a bit lacking, buyers were still out in full force with a solid 198 accepted offer showing. Some long weekends actually assist with sales since there's that extra day to go through a few more properties. Single family home values hit a precedent this week, and reported over $300k in not only the 6 month median list price, but the 6 month median sold price for the first time since tracking this stat. The 6 month median list price has been hovering around the $300k mark for the last month or so, but has failed to completely break the ceiling, until this week that is. There was a significant jump to both those stats a few months ago, adding an unusual 5k to the top in the span of a couple of weeks. It appears this week has the same result, just with less time. We all knew that the Spring time had a major impact on the market here, now the affects seem to be coming home to roost. It will be interesting to see just how much the market past will influence the market future, and the numbers as we head down the stretch. Make sure to stop by and stay on top of things. Thanks for stopping by! The Weekly Adogtable!! Topaz was surrendered due to food allergies. Topaz has moderate energy, and is house trained! An easy dog in a calm environment, and would be a great candidate as a therapy dog or an emotional support dog. He is OK with calm, respectful female dogs but is reactive to male dogs. Topaz is cat friendly! Unsure about kids, but will try to test to better recommend. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE tHalifax (HRM) Residential Statistic Update for the Week of July 25th - August 1st, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 270 (302, 322, 333, 333) *309 Sold: 198 (205, 181, 197, 208) *176 Sale To Listing Ratio: 73% (68%, 56%, 60%, 63%) *57% Price Changes: 167 (205, 190, 161, 167) *198 Listings that went conditional/pending: 204 (220, 217, 242, 201) *219 Expired/Cancelled: 134 (94, 100, 103, 192) *183 Total Active Halifax/Dartmouth Inventory: 3,263 (3,323, 3,357, 3,341, 3,348) +4,195 Absorption Rate in weeks: 17 (17, 17, 16, 16) *24 Single Family Home Stats Active Single Family Home: 1,858 (1,888, 1,903, 1,883, 1,877) *2,409 Average Single Family Home List Price: $337,756 ($355k, $326k,$321k,$334k) *$315k Average Single Family Home Selling Price: $328,238 ($345k,$317k,$316k,$329k) *$305k Single Family Home Sale to List Ratio This Week: 97% (97%, 98%, 99%, 99%) *97% Median Single Family Home List Price (6 mo): $299,950 ($300k,$299k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$290k,$298k,$299k)*$281k Average Days on Market Single Family Home: 51 (51, 37, 51, 70) *88 Condo Stats Active Condos: 213 (213, 223, 225, 242) *381 Average Condo Listing Price: $249,952 ($267k, $243k, $279k, $308k) *$211k Average Condo Selling Price: $244,310 ($260k, $241k, $271k, $301k) *$208k Condo Sale to List Ratio This Week: 97% (97%, 99.5%, 97%, 98%) 98% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $241,000 ($241k, $240k, $221k, $241k) *$223k Average Days on Market Condos: 38 (38, 31, 79, 56)*100 Active Vacant Lots: 937 (947, 953, 949, 947) *1,055 Market Rant Inventory is on the decline! By the time August hits, we are usually in a consistent inventory decline trend, and this year is really no different despite the sizzling market. It was a higher than average reduction this week, but Summer months are notoriously sluggish, so the season is just following the norm. Some of the contributing factors include a streak busting sub 300 new listing addition, slightly lower buyer activity, elevated expired/cancelled listings (higher cancelled listings than normal, which I found interesting), and the overall trend of the season. Although the 6 month value averages had a very small increase, the weekly value rates reported a bit lower than last week as well. Bit of a sleepy time of year, but I suppose it's good to catch your breath at some point. When I say sleepy, the activity is still higher than previous years, by a lot, and just take a look at that a sales to list ratio. So the foots off the gas slightly, but no one seems to be pumping the breaks anytime soon. Thanks for stopping by! The Weekly Adogtable!! Oliver was found as a stray that is initially reserved of strangers. His personality is so incredibly sweet and curious, and his vocal side is enough to make you laugh. He can be destructive (puppy behavior) but not to worry, he is kennel trained. He is playful with toys, and seems OK with dogs, but will test more to be sure. He exhibits typical puppy behavior such as jumping on people and pulling on leash but with a little love and guidance these behaviors are easily curbed. It helps that he is so treat motivated! This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE 47 Killarney Crescent, Lawrencetown NSWelcome to the tranquil Keltic Gardens community of Lawrencetown, and this meticulously maintained custom 5 bedroom bungalow style home situated on a sprawling and beautifully landscaped 1.38 acre lot. This turn key property certainly has something for everyone! The main floor hosts an open concept design adorned by gleaming hardwood floors, cathedral ceilings, spacious living room with cozy wood burning stove, elegant formal dining room, bright and airy kitchen/nook combo with walkout to the useful deck, main bath, two large bedrooms, sizeable master bedroom complete with huge walk in closet and ensuite bath. Downstairs you will find a spacious recreation room with walkout access to the backyard, convenient laundry, another full bathroom, tons of storage, a workshop area and two more bedrooms! The grounds of the property are truly something special. Surrounded by your own forest backdrop, there is a perfect blend of landscaping and natural surroundings to give it a real “backyard oasis” feel. Sit and relax on the the deck overlooking the backyard, host a bbq, or simply enjoy the peace and quiet! This house will feel like a home as soon as you walk through the doors, and with the addition of a double garage, and heated by an efficient propane boiler, this property has it all. What are you waiting for? CONTACT me today to book your personal tour! More info can also be found HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE tHalifax (HRM) Residential Statistic Update for the Week of July 18th - 25th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 302 (322, 333, 333, 357) *341 Sold: 205 (181, 197, 208, 221) *163 Sale To Listing Ratio: 68% (56%, 60%, 63%, 62%) *48% Price Changes: 205 (190, 161, 167, 167) *201 Listings that went conditional/pending: 220 (217, 242, 201, 272) *199 Expired/Cancelled: 94 (100, 103, 192, 66) *90 Total Active Halifax/Dartmouth Inventory: 3,323 (3,357, 3,341, 3,348, 3,387) +4,273 Absorption Rate in weeks: 17 (17, 16, 16, 16) *23 Single Family Home Stats Active Single Family Home: 1,888 (1,903, 1,883, 1,877, 1,907) *2,452 Average Single Family Home List Price: $355,116 ($326k,$321k,$334k,$344k) *$325k Average Single Family Home Selling Price: $345,010 ($317k,$316k,$329k,$337k) *$316k Single Family Home Sale to List Ratio This Week: 97% (98%, 99%, 99%, 98%) *97% Median Single Family Home List Price (6 mo): $299,900 ($299k,$300k,$300k,$300k)*$289k Median Single Family Home Sold Price (6 mo):$290,000 ($290k,$298k,$299k,$298k)*$280k Average Days on Market Single Family Home: 51 (37, 51, 70, 58) *61 Condo Stats Active Condos: 213 (223, 225, 242, 248) *384 Average Condo Listing Price: $266,845 ($243k, $279k, $308k, $295k) *$227k Average Condo Selling Price: $259,968 ($241k, $271k, $301k, $286k) *$218k Condo Sale to List Ratio This Week: 97% (99.5%, 97%, 98%, 97%) 97% Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k Median Condo Sold Price (6 mo): $240,500 ($240k, $221k, $241k, $240k) *$221k Average Days on Market Condos: 38 (31, 79, 56, 67)*81 Active Vacant Lots: 947 (953, 949, 947, 955) *1,068 Market Rant As fast as they came, they went even faster. The small inventory increase last week created a bit of unease in the market, with some scratching their heads in wonder; what would happen next?. Fear not, it appears last week was a simple anomaly, and one that should be pretty standard from time to time if you are checking in with blog on the regular. This week witnessed a fairly sizeable chunk of inventory reduce in quick fashion, which was felt by all tracked products. Not only did sales report above average this week, the values overall also had a good week, with sales numbers reporting over the last few weeks and increasing in a season that usually sees them slip a bit. Seems to be a bit of a resurgence in the market in the last week or so, which was a big question mark, especially coming off the insanely hot Spring market. This weeks report certainly shows signs of life in the market yet, so it will be interesting to ride the wave to its conclusion. Stay tuned to the blog to keep on top of the market, and don't be afraid to reach out if you are looking for assistance wading through the current market environment. Thanks for stopping by! The Weekly Adogtable!! Buffy is an active and playful girl. She is skeptical of other dogs, but once she knows them she is very playful with them. No cats. She knows her basic commands and is bilingual! She currently pulls on leash likes to jump up but we are working on this and her family will need to take her to a positive reinforcement trainer to set her up for success. Not recommended for kids under 10 This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE. LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE |
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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