Halifax (HRM) Residential Statistic Update for the Week of February 14th - February 21st, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 218 (248, 250, 175, 193) *240
Sold:  129  (114, 119, 94, 92) *105
Sale To Listing Ratio: 59% (46%, 48%, 54%, 48%) *44%
Price Changes: 81 (80, 103, 75, 61) *106
Listings that went conditional/pending: 135 (153, 133, 133, 120)  *160
Expired/Cancelled/Withdrawn: 69 (75, 168, 98, 88) *69
Total Active Halifax/Dartmouth Inventory:  3,117 (3,096, 3,074, 3,091, 3,122) +3,606
Absorption Rate in weeks:  27 (30, 33, 38, X) *48

Single Family Home Stats
Active Single Family Home: 1,656 (1,657, 1,671, 1,648, 1,670) *1,934
Average Single Family Home List Price:  $313,098 ($331k,$324k,$237k,$330k) *$334k
Average Single Family Home Selling Price:  $303,327 ($324k,$315k,$349k,$297k) *$297k
Single Family Home Sale to List Ratio This Week: 97%  (98%, 97%, 98%, 90%) *96%
Median Single Family Home List Price (6 mo): $285,450 ($290k,$289k,$289k,$285k)*$277k
​Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$270k)*$270k
Average Days on Market Single Family Home: 79 (66, 76, 77, 65) *87

Condo Stats
Active Condos:  261 (254, 242, 241, 246) *368
Average Condo Listing Price:  $265,906 ($293k, $307k, $231k, $255k) *$250k
Average Condo Selling Price: $255,753 ($285k, $295k, $227k, $241k) *$243k
Condo Sale to List Ratio This Week: 96% (97%, 96%, 98%, 95%) 97%
Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $240k) *$239k
Median Condo Sold Price (6 mo): $232,000 ($232k, $230k, $232k, $230k) *$232k
Average Days on Market Condos: 71 (60, 102, 120, 77) *69

Active Vacant Lots: 920  (918, 900, 942, 945) *981

Market Rant
Another slight increase in the inventory, no thanks to the single family home product. Seems as though condo and vacant land increases helped slightly, but it's quite hard to get inventory gain with such a high performing sales market. One of the most impressive figures to watch week over week thus far is the absorption rate, which is plummeting at a record pace. From last year at this time to now, there is a five month slash to sell all products at this rate if the inventory stopped today. Currently, it would take just under seven months to sell off everything currently active on the market, where last year would have taken an entire year. That's a fairly substantial marker for such a small window, and it seems to be getting lower with each passing week. With the cooling of the weather and the white stuff making an appearance, it will be interesting to see if has a reciprocal effect on the market. I think there may be a small impact, but I don't think this train is stopping at the station any time soon. Stay tuned to the blog to find out how things shape up, and thanks for stopping by!

Chyna is as beautiful as they come. She is a lover who just wants to hang out with her humans and snuggle. She enjoys walking, carrying around her toys and eating treats. She loves to sit in front of the window and watch people go by. She is non-reactive with other dogs outside however should be an only pet and would benefit from socialization. The ideal home would be older children (12+) and someone who likes to cuddle.

This "cuddly companion" is available through Marleys Hope, 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!

Halifax (HRM) Residential Statistic Update for the Week of February 7th - February 14th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 248 (250, 175, 193, 220) *276
Sold:  114  (119, 94, 92, 72) *99
Sale To Listing Ratio: 46% (48%, 54%, 48%, 33%) *36%
Price Changes: 80 (103, 75, 61, 90) *103
Listings that went conditional/pending: 153 (133, 133, 120, 122)  *125
Expired/Cancelled/Withdrawn: 75 (168, 98, 88, 87) *88
Total Active Halifax/Dartmouth Inventory:  3,096 (3,074, 3,091, 3,122, 3,139) +3,605
Absorption Rate in weeks:  30 (33, 38, X, X)  *34

Single Family Home Stats
Active Single Family Home: 1,657 (1,671, 1,648, 1,670, 1,692) *1,932
Average Single Family Home List Price:  $330,852 ($324k,$237k,$330k,$378k) *$304k
Average Single Family Home Selling Price:  $323,826 ($315k,$349k,$297k,$366k)  *$297k
Single Family Home Sale to List Ratio This Week: 98%  (97%, 98%, 90%, 97%) *98%
Median Single Family Home List Price (6 mo): $289,500 ($289k,$289k,$285k,$285k)*$275k
​Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$270k,$280k)*$268k
Average Days on Market Single Family Home: 66 (76, 77, 65, 76) *110

Condo Stats
Active Condos:  254 (242, 241, 246, 249) *365
Average Condo Listing Price:  $293,018 ($307k, $231k, $255k, $285k) *$284k
Average Condo Selling Price: $285,118 ($295k, $227k, $241k, $284k) *$276k
Condo Sale to List Ratio This Week: 97% (96%, 98%, 95%, 99%) 97%
Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $239k) *$238k
Median Condo Sold Price (6 mo): $232,000 ($230k, $232k, $230k, $230k) *$230k
Average Days on Market Condos: 60 (102, 120, 77, 114) *58

Active Vacant Lots: 918  (900, 942, 945, 936) *982

Market Rant
Alright, we finally have inventory gain! Condo's had a good increase, so to did vacant lots, but the star of the show (single family homes) decreased yet again this week. Not the news current buyers of that product are likely wanting to read, but sellers on the other hand likely welcome it. Certainly slim pickings out there right now in many areas, and the peninsula is basically unavailable in certain areas and price points. The market is still buzzing too, which means it's unlikely that things will get any better for buyers in the near future. Just take a look at the number of properties that went pending this week and how quickly the absorption rate is dropping, all signs leading to a continued sellers market. Single family home average days on market continued to drop again this week, which isn't really a surprise given how quickly things are moving. Values overall are reporting strong as well, and much higher (around 10%) than last year at this time. Also reflective of the market, since multiple offers and quick sales are commanding buyers to pay close to, or at listing price. In some cases, well over the asking price, which is something unheard of in Halifax. Shaping up to be an interesting year already, so make sure to stay tuned to the blog to stay on top of things! Thanks for stopping by!

On the hunt for your perfect valentine? Hawking is sure to steal your heart! This young fella is a smart, driven and playful charmer who really has a way with the ladies. At first, he may come off a little indifferent, but with a hearty play sesh and some TLC, he'll be sliding his way into your dm's, and your home, in no time! 
Hawking would thrive in a home with consistency and lots of love. He loves having a job to do and is quick to pick up new tricks - although, he knows quite a few already. He gets along great with other dogs and children over 5, but would prefer to have no kitties in the home. .

This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.

LET ME HELP YOU OUT!
​Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!

Halifax (HRM) Residential Statistic Update for the Week of January 31st - February 7th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 250 (175, 193, 220, 223) *289
Sold:  119  (94, 92, 72, 64) *101
Sale To Listing Ratio: 48% (54%, 48%, 33%, 29%) *35%
Price Changes: 103 (75, 61, 90, 86) *89
Listings that went conditional/pending: 133 (133, 120, 122, 105)  *89
Expired/Cancelled/Withdrawn: 168 (98, 88, 87, 94) *155
Total Active Halifax/Dartmouth Inventory:  3,074 (3,091, 3,122, 3,139, 3,133) +3,553
Absorption Rate in weeks:  33 (38, X, X, X)  *36

Single Family Home Stats
Active Single Family Home: 1,671 (1,648, 1,670, 1,692, 1,683) *1,903
Average Single Family Home List Price:  $323,853 ($237k,$330k,$378k,$359k) *$323k
Average Single Family Home Selling Price:  $315,215 ($349k,$297k,$366k,$350k)  *$311k
Single Family Home Sale to List Ratio This Week: 97%  (98%, 90%, 97%, 98%) *96%
Median Single Family Home List Price (6 mo): $289,250 ($289k,$285k,$285k,$285k)*$275k
​Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$270k,$280k,$279k)*$270k
Average Days on Market Single Family Home: 76 (77, 65, 76, 108) *95

Condo Stats
Active Condos:  242 (241, 246, 249, 253) *359
Average Condo Listing Price:  $306,554 ($231k, $255k, $285k, $236k) *$221k
Average Condo Selling Price: $295,081 ($227k, $241k, $284k, $229k) *$216k
Condo Sale to List Ratio This Week: 96% (98%, 95%, 99%, 97%) 98%
Median Condo List Price (6 mo): $239,900 ($240k, $240k, $239k, $235k) *$239k
Median Condo Sold Price (6 mo): $230,2500 ($232k, $230k, $230k, $225k) *$233k
Average Days on Market Condos: 102 (120, 77, 114, 112) *87

Active Vacant Lots: 900  (942, 945, 936, 936) *963

Market Rant
Alright folks, we're going backwards! For the third consecutive week there is another inventory reduction, which is certainly unusual for this time of year. Big inventory falloff this week was vacant land, posting a 45 unit reduction. Single family homes had a marginal gain, and condos also had a one point gain, so it would seem the massive land slide would be the main factor in this weeks inventory reduction. Still, previous weeks had various products contributing to the decline of inventory, which again, should be increasing at this point. This week did feel a bit different though. There was a good amount of new listings this week, so that was a bit different, but activity seemed to be down just slightly overall. Bit higher than expected price changes, so maybe we are leaning back to the market of 2012, where listings started to come to market a bit overpriced to see if there was any takers. Not hard to guess how that went!

​Although markets tend to fluctuate, Haligonians, and most certainly Nova Scotians in general, are not about to get caught up in overinflation, or overpaying (mostly). I've touched on this throughout the years, and it is clear through the stats that Nova Scotians tend to wait out prices to sustain the marginal value increase year to year. Even in the most dire market conditions, sellers have a tendency to hang on, if possible, and on the other side of that coin, buyers are reluctant to overpay, even in a sellers market. I think it's an amazing trait, and one that keeps us less susceptible to huge market variations, and a bit easier to predict how things will trend. Never know though, so make sure to stay tuned to the blog to stay on top of all things Halifax real estate! Thanks for stopping by!

Hunter is a ~2 year old neutered male amstaff/shepard mix.
He would prefer a home with children 16 years and older.
Obedience is an recommended choice for his new owner(s).
Hunter needs to go to a home with no other animals. He is a hyper boy who does not respect the space of others.

Hunter is a young ball of energy. He enjoys going for walks, running in the backyard, and playing with toys. He is very eager to learn new tricks everyday, with some treats as motivation of course. Hunter is looking for an active home because he is always on the go and rarely takes a break. Help Hunter burn off some energy and take him for a walk today.


This "cuddly companion" is available through the NSSPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of January 23rd - January 31st, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 175 (193, 220, 223) *199
Sold:  94  (92, 72, 64) *123
Sale To Listing Ratio: 54% (48%, 33%, 29%) *62%
Price Changes: 75 (61, 90, 86) *84
Listings that went conditional/pending: 133 (120, 122, 105)  *131
Expired/Cancelled/Withdrawn: 98 (88, 87, 94) *148
Total Active Halifax/Dartmouth Inventory:  3,091 (3,122, 3,139, 3,133) +3,521
Absorption Rate in weeks:  38 (X, X, X)  *X

Single Family Home Stats
Active Single Family Home: 1,648 (1,670, 1,692, 1,683) *1,891
Average Single Family Home List Price:  $356,742 ($330k, $378k, $359k) *$308k
Average Single Family Home Selling Price:  $349,353 ($297k, $366k, $350k)  *$298k
Single Family Home Sale to List Ratio This Week: 98%  (90%, 97%, 98%) *97%
Median Single Family Home List Price (6 mo): $288,500 ($285k, $285k, $285k)*$275k
​Median Single Family Home Sold Price (6 mo):$280,000 ($270k, $280k, $279k)*$268k
Average Days on Market Single Family Home: 77 (65, 76, 108) *91

Condo Stats
Active Condos:  241 (246, 249, 253) *348
Average Condo Listing Price:  $231,522 ($255k, $285k, $236k) *$266k
Average Condo Selling Price: $227,822 ($241k, $284k, $229k) *$263k
Condo Sale to List Ratio This Week: 98% (95%, 99%, 97%) 99%
Median Condo List Price (6 mo): $239,900 ($240k, $239k, $235k) *$239k
Median Condo Sold Price (6 mo): $232,000 ($230k, $230k, $225k) *$235k
Average Days on Market Condos: 120 (77, 114, 112) *83

Active Vacant Lots: 942  (945, 936, 936) *954

Market Rant
Yet another reduction week, this time it's even more! Now, we aren't taking huge chunks of inventory, but even seeing 31 less products on the market after a week in January is a bit of a surprise. It appears as though single family homes were mostly responsible with the reduction, which is no surprise as things continue to fly off the shelves. Even though weather conditions continue to degrade, it doesn't appear as if it's bad enough to stop sellers from getting on the market, or buyers from getting out there to have a look. That being said, we haven't had the annual snow smash (yet), which may or may not slow the momentum of the market. It just seems that when the snow dump does finally come around, sellers get a bit more hesitant to show their home, and buyers get less interested in trudging around it. It also makes it harder to gauge exterior condition of a property, and for inspectors to take a really detailed look. Snow covers things like shingles, foundations, garbage, and hides other possible issues that may have been discovered without it. It does however help discover possible water intrusion issues, but a good rain storm in the middle of the Summer could accomplish the same thing. In any case, it hasn't arrive yet, and I know personally, I wouldn't mind if it just stayed away! Stay tuned to keep up to date with our ever changing market, and thanks for stopping by!

Meet Prince Charming. This big boy is a giant sweetheart and will melt your heart. 
He does like his toys a little too much and will need to work on his sharing and because of this he will need a family with children 10yrs and older. 
Due to his "extra" sized body, he does need to work on his figure and get ready for spring. 

Prince is a ~6 year old neutered male Rottweiler/Shepard mix.
He would prefer a home with children 10 years and older.
Obedience is an optional choice for his new owner(s).
Prince needs to live in a home with no cats.​

This "cuddly companion" is available through the NSSPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of January 17th - January 23rd, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 193 (220, 223) *263
Sold:  92  (72, 64) *78
Sale To Listing Ratio: 48% (33%, 29%) *30%
Price Changes: 61 (90, 86) *116
Listings that went conditional/pending: 120 (122, 105)  *139
Expired/Cancelled/Withdrawn: 88 (87, 94) *75
Total Active Halifax/Dartmouth Inventory:  3,122 (3,139, 3,133) +3,534
Absorption Rate in weeks:  X (X, X)  *X

Single Family Home Stats
Active Single Family Home: 1,670 (1,692, 1,683) *1,937
Average Single Family Home List Price:  $329,895 ($378k, $359k) *$297k
Average Single Family Home Selling Price:  $296,825 ($366k, $350k)  *$275k
Single Family Home Sale to List Ratio This Week: 90%  (97%, 98%) *93%
Median Single Family Home List Price (6 mo): $284,900 ($285k, $285k)*$275k
​Median Single Family Home Sold Price (6 mo):$279,00 ($280k, $279k)*$269k
Average Days on Market Single Family Home: 65 (76, 108) *108

Condo Stats
Active Condos:  246 (249, 253) *349
Average Condo Listing Price:  $254,900 ($285k, $236k) *$276k
Average Condo Selling Price: $240,750 ($284k, $229k) *$267k
Condo Sale to List Ratio This Week: 95% (99%, 97%) 97%
Median Condo List Price (6 mo): $239,450 ($239k, $235k) *$240k
Median Condo Sold Price (6 mo): $230,250 ($230k, $225k) *$239k
Average Days on Market Condos: 77 (114, 112) *139

Active Vacant Lots: 945  (936, 936) *918

Market Rant
Full steam ahead!! Definitely no indications that our market here in Halifax any intention of slowing, in fact, it looks like more coal is being tossed on the fire! In unusual fashion, inventory actually reduced this week, that's right...reduced! Usually, this is something we might see from time to time as an anomaly, or possibly the end/first of the month listing renew/expiry exchange, but we are 3/4 the way through the month, so its a bit odd. The contributing factors to this reduction was an above average sales week (for the time of year), coupled with a lower than average addition of new listings. With listings flying of the market at this time, it wasn't much of a surprise to see the average time from list to sale shrink to new lows as well. Not very good news for the buyers out there, or those just about to step into the ring. Good news for sellers in several key areas though, who still seem quite surprised by the markets current environment. Strap in your seatbelts and hold on tight, I think this year is going to be a wild ride! Make sure to stop in to the blog to stay on top of things, and don't hesitate to reach out if you have any questions about buying or selling in the current market by clicking HERE. Thanks for stopping by!

Meet Cali! Cali is a ~5 year old spayed female amstaff/shepard mix.
She would prefer a home with children 12 years and older.
Obedience is an optional choice for her new owner(s).
Cali needs to go to an only animal home.

Are you looking for a high energy dog? Then Cali is the dog for you. She loves to play fetch and just about any other activity that keeps her busy. Cali would like to spend most of her time with someone around due to her separation anxiety. 
She is a very sweet, intelligent girl looking for an active home which she can share with her new "parents" and just her.
If you want to take Cali for a walk, you will be surely making her day!

This "cuddly companion" is available through the NSSPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of January 10th - January 17th, 2019

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 220 (223) *263
Sold:  72  (64) *78
Sale To Listing Ratio: 33% (29%) *30%
Price Changes: 90 (86) *116
Listings that went conditional/pending: 122 (105)  *139
Expired/Cancelled/Withdrawn: 87 (94) *75
Total Active Halifax/Dartmouth Inventory:  3,139 (3,133) +3,534
Absorption Rate in weeks:  X (X)  *X

Single Family Home Stats
Active Single Family Home: 1,692 (1,683) *1,937
Average Single Family Home List Price:  $378,097 ($359k) *$297k
Average Single Family Home Selling Price:  $365,658 ($350k)  *$275k
Single Family Home Sale to List Ratio This Week: 97%  (98%) *93%
Median Single Family Home List Price (6 mo): $284,900 ($285k)*$275k
​Median Single Family Home Sold Price (6 mo):$280,000 ($279k)*$269k
Average Days on Market Single Family Home: 76 (108) *108

Condo Stats
Active Condos:  249 (253) *349
Average Condo Listing Price:  $285,073 ($236k) *$276k
Average Condo Selling Price: $283,734 ($229k) *$267k
Condo Sale to List Ratio This Week: 99% (97%) 97%
Median Condo List Price (6 mo): $239,000 ($235k) *$240k
Median Condo Sold Price (6 mo): $230,000 ($225k) *$239k
Average Days on Market Condos: 114 ()112 *139

Active Vacant Lots: 936  (936) *918

Market Rant
Here we go again? It's very early in the year and things tend to be a bit unpredictable, but market activity in the HRM is wild right now (especially on the peninsula). January does tend to have a surge of activity annually, which tends to cool off when the white stuff flies, but I'm not so sure this year is going to follow along. Right now, buyers in the market are in a "need to see right away" mode, because if they don't get in, chances are they will miss out! There was a decent amount of new listings this week, but the overall inventory reported a measly 6 product gain, and condo's actually reduced this week! If things keep going in this direction, buyers will have an even harder time finding the right fit, so that many more compromises might have to be made on the wants list to secure a property. Still, it is very early in the year, and things can got in either direction, but for now it's a feeding frenzy out there and new listings are chumming the waters. Things could change rapidly, so make sure to stop by to check into the blog to stay on top of the market, or contact me with any questions! Thanks for stopping by!

Tundra is a ~3 year old spayed female amstaff mix.
She would prefer a home with children 16 years and older.
Obedience is an optional choice for her new owner(s).
Tundra needs to go to an only animal home.

Tundra is a beautiful amstaff mix looking for a quiet home that she can be the only child of. She enjoys going for walks, and snuggling up on a bed for some "beauty" rest. Tundra is eager to learn new tricks since she knows what the reward is around here (yummy treats!)
If you would like to walk Tundra today, please inquire with the front desk staff! ​

This "cuddly companion" is available through the NSSPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of January 3rd - January 10th, 2019

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 223 () *151
Sold:  64  () *55
Sale To Listing Ratio: 29% () *36%
Price Changes: 86 () *93
Listings that went conditional/pending: 105 ()  *77
Expired/Cancelled/Withdrawn: 94 () *100
Total Active Halifax/Dartmouth Inventory:  3,133 () +3,487
Absorption Rate in weeks:  X ()  *X

Single Family Home Stats
Active Single Family Home: 1,683 () *2.053
Average Single Family Home List Price:  $358,940 () *$355k
Average Single Family Home Selling Price:  $350,122 ()  *$310k
Single Family Home Sale to List Ratio This Week: 98%  () *87%
Median Single Family Home List Price (6 mo): $284,800 ()*$280k
​Median Single Family Home Sold Price (6 mo):$278,900 ()*$268k
Average Days on Market Single Family Home: 108 () *96

Condo Stats
Active Condos:  253 () *325
Average Condo Listing Price:  $235,920 () *$266k
Average Condo Selling Price: $228,893 () *$258k
Condo Sale to List Ratio This Week: 97% () 97%
Median Condo List Price (6 mo): $235,000 () *$239k
Median Condo Sold Price (6 mo): $225,000 () *$235k
Average Days on Market Condos: 112 () *92

Active Vacant Lots: 936  () *904

Market Rant
Looks like some seller may have caught the news of the hot market, as we reported higher than average new listing additions this week, and well over the reported stat from last year at this time. The burning question from last year still remains, will the buyer surge continue on into this new year. All signs point to yes, with new listings enjoying above average viewings and multiple offers, sparking continued buyer frustration. Quite the stark market environment from a short three years ago, going from the highest inventory HRM has ever seen, to the lowest in over a decade. If you didn't see the 2018 market year in review, I would highly encourage a quick look (scroll down) to see the market change from a balanced one in areas, to a sellers market in several. January does tend to be a bit busy out of the gate, but ends up softening a little when the full brunt of Winter comes calling. Still, I'm not sure if the icy chill of the approaching cold months are enough to cool this market. Time will tell, so make sure to keep in touch to find out! Thanks for stopping by!

Beautiful Bella is the definition of fun! She is always down for a a quick run around in the yard and then some snuggles. 
Bella would be best in a home with children no younger than 16 and no other animals. ​

This "cuddly companion" is available through the NSSPCA, 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!

As far as the average sales numbers go, you won't be clutching the edge of your seat in anticipation of how it reported last year, but it's still interesting. Usually, this is a statistic that has become an "ol faithful" year to year, reporting marginal gain annually despite the market environment, and 2018 was no exception to this trend. As you can see from the chart above, there was a few months that battled back and forth with 2017, but 2018 won the match overall. Last year capped out with the highest selling month value in April at a few dollars shy of $314,000, but fell short of besting 2017, which reported over $317,000 in the peak month of May. 

As you can see from the above chart, the race to the top of the sales month is quite consistent year over year as well. Of course, some years do better than others, but the overall trend stays the same. The peak sales hump generally runs from mid/late April to late July/mid August, and is usually met with an inventory level that absorbs the fluctuation with ease. I say usually, but 2018 was a bit different, however I don't wasn't to get too far ahead of myself. Last year faired really well in the sales ring, and I believe it would have done that much better if there was inventory to meet the activity. Still, 2018 beat several of the tracked years overall, and reported stronger than 2017, which was also a good sales year. Peak sales capped out just over 700 units in May, but was again bested by 2017 which reported a mere 4 units more overall. 

This chart should come as no surprise to all the buyers of 2018, or the readers of my blog, but inventory overall ghosted us last year. With the solid sales report (above) reporting higher than the last several years, the lack of new property additions coupled with the surge in buyer activity made the purchasing landscape difficult to navigate. 2018 started with the lowest overall inventory in over a decade, and continued that trend for the rest of the year. So, as I alluded to in the sales report, the inventory additions were not enough to keep up with the demand. It begs the question of what will transpire in this new year should the activity stay the same.

The 2018 Halifax real estate market year was a year that started off as a balanced market in many areas, but quickly turned to a sellers market in several key neighbourhoods. Just to put it into perspective how drastically the market has changed in the last few years, we went from the highest inventory ever reported on the blog in August of 2015, to the lowest inventory level in in over a decade in a short 3 year span...pretty amazing. 2019 should prove to be another interesting year to follow, with the big question being; boom or bust? Make sure to check in to find out, starting with the weekly market rant returning on Thursday. Thanks for stopping by! 

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!

Halifax (HRM) Residential Statistic Update for the Week of December 13th - December 20th, 2018

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 133 (148, 146, 147, 167) *141
Sold:  91  (113, 114, 98, 104) *112
Sale To Listing Ratio: 68% (76%, 78%, 67%, 62%) *79%
Price Changes: 44 (107, 76, 73, 113) *53
Listings that went conditional/pending: 87 (84, 96, 109, 128)  *94
Expired/Cancelled/Withdrawn: 112 (91, 208, 75, 96) *163
Total Active Halifax/Dartmouth Inventory:  3,411 (3,469, 3,493, 3,622, 3,645) +3,676
Absorption Rate in weeks:  33 (32, 34, 35, 34)  *32

Single Family Home Stats
Active Single Family Home: 1,838 (1,878, 1,886, 1,975, 1,990) *1,988
Average Single Family Home List Price:  $305,673 ($293k,$320k,$342k,$320k) *$330k
Average Single Family Home Selling Price:  $296,604 ($286k,$310k,$335k,$310k)  *$317k
Single Family Home Sale to List Ratio This Week: 97%  (98%, 97%, 98%, 97%) *96%
Median Single Family Home List Price (6 mo): $283,900 ($284k,$285k,$287k,$285k)*$279k
​Median Single Family Home Sold Price (6 mo):$278,700 ($279k,$280k,$280k,$280k)*$270k
Average Days on Market Single Family Home: 53 (93, 70, 85, 101) *77

Condo Stats
Active Condos:  275 (279, 289, 333, 338, 312) *355
Average Condo Listing Price:  $205,661 ($288k, $277k, $240k, $221k) *$250k
Average Condo Selling Price: $199,582 ($279k, $262, $235k, $217k) *$240k
Condo Sale to List Ratio This Week: 97% (96%, 95%, 98%, 98%) 96%
Median Condo List Price (6 mo): $229,900 ($234k, $230k, $230k, $231k) *$244k
Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $225k, $225k) *$240k
Average Days on Market Condos: 96 (119, 84, 64, 57) *98

Active Vacant Lots: 1,022  (1,015, 1,011, 1,031, 1,034) *961

Market Rant
That inventory gap has almost closed! At the end of the market year we usually see this level dip to the annual low point, and this year is no different. With the biggest holiday's on the horizon, many take the opportunity to take a pause from their property needs and concentrate on other things. Just because the gap is narrowing, doesn't necessarily mean that we are headed in a backward direction, although, the market is unpredictable, so you never know what will be in store for the 2019 market year. I know many buyers would be happy if a few more options came to market, or to a lesser extent, fewer buyers to compete with. 2018 was a hard market year for some buyers, especially in peninsular Halifax, where multiple offers and quickly sold properties were very much a reality. This week is very reflective of last year at this time, and there are several stats reporting eerily alike. We're down in a few area's this week however, even if marginal, so the big question is how 2019 will respond. You will have to come back in the new year to find out, as the blog posts the 2018 market year summary! Thanks for stopping by!

Happy Holidays!
​I just wanted to wish all my clients, friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant will return in 2019, with the 2018 market year summary! Be sure to stop by! 

Meet Lilly! Look at that face! What a beauty with a personality to match! She came into our care through no fault of her own and is eager to find a new place to call home. She is a sweet girl who likes to spend her time with her humans. In her time with us, Lilly has let us know she would prefer to be an only child, meaning the only animal in the home. Her ideal living situation would be in a house as opposed to an apartment or condo. 

​Although she can come off quite aloof when you first meet her, she can become nervous - especially around small children. They're just too quick for her to keep up with! She would love to be in a home with older children, 12 and up. 

This "cuddly companion" is available through the NSSPCA, 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!

Halifax (HRM) Residential Statistic Update for the Week of December 6th - December 13th, 2018

(Previous weeks numbers in brackets)
*Previous Year's Stats​

Total Market
New/Back to Market Listings: 148 (146, 147, 167, 202) *160
Sold:  113  (114, 98, 104, 99) *96
Sale To Listing Ratio: 76% (78%, 67%, 62%, 49%) *43%
Price Changes: 107 (76, 73, 113, 101) *73
Listings that went conditional/pending: 84 (96, 109, 128, 134)  *109
Expired/Cancelled/Withdrawn: 91 (208, 75, 96, 100) *116
Total Active Halifax/Dartmouth Inventory:  3,469 (3,493, 3,622, 3,645, 3,704) +3,781
Absorption Rate in weeks:  32 (34, 35, 34, 33)  *33

Single Family Home Stats
Active Single Family Home: 1,878 (1,886, 1,975, 1,990, 2,042) *2,061
Average Single Family Home List Price:  $292,893 ($320k,$342k,$320k,$329k) *$334k
Average Single Family Home Selling Price:  $285,845 ($310k,$335k,$310k,$320k)  *$321k
Single Family Home Sale to List Ratio This Week: 98%  (97%, 98%, 97%, 97%) *96%
Median Single Family Home List Price (6 mo): $283,900 ($285k,$287k,$285k,$289k)*$279k
​Median Single Family Home Sold Price (6 mo):$278,500 ($280k,$280k,$280k,$280k)*$270k
Average Days on Market Single Family Home: 93 (70, 85, 101, 115) *69

Condo Stats
Active Condos:  279 (289, 333, 338, 312, 318) *369
Average Condo Listing Price:  $287,900 ($277k, $240k, $221k, $286k) *$250k
Average Condo Selling Price: $279,000 ($262, $235k, $217k, $281k) *$242k
Condo Sale to List Ratio This Week: 96% (95%, 98%, 98%, 98%) 97%
Median Condo List Price (6 mo): $233,800 ($230k, $230k, $231k, $235k) *$249k
Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $225k, $225k) *$240k
Average Days on Market Condos: 119 (84, 64, 57, 51) *97

Active Vacant Lots: 1,015  (1,011, 1,031, 1,034, 1,031) *964

Market Rant
If it seems like the sales to list ratio has been unusually high lately, it's because it has been! For the third week in a row we are well above the average StL report, and well above the 50% mark, which is also really high for this time of year. The general feeling out there is that there's still a bulge of buyers hunting the market, and with lack of product availability (in certain areas and type), the few listings that do come to market get snapped up. The absorption is in alignment with this time last year, and the inventory overall has taken another step towards closing the gap as well, however, buyer interest is still at an all time high and seemingly more active. Ultimately, things are bound to cool off, even for a short time over the holiday's, and it will be interesting to see what 2019 has in store for our fair city. Stay tuned to the blog to stay on top of it all! Thanks for stopping by!

The Weekly Adogtable!
Meet Pipsqueak. Such a sweetheart! Her perfect day would be a few walks, lots of back scratches, lounging in her bed or sitting next to you on the coach. She is approaching her senior years so will not require much other than your affection.
​
This "cuddly companion" is available through the NSSPCA, 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!