The Halifax Real Estate Blog Monthly Statistics Report For July 2014

As expected, July witnessed the highest inventory levels that Halifax has ever seen. 221 more units than the record breaker that we had last year. If Annual trend holds true, than we should see the inventory slowly decline for the rest of the year.

---

Values remained solid in July, averaging just over the $281k mark. Month over month this stat has been steady, with slow growth and minimal sway from the upward momentum. Although we are not in the greatest market, ROI seems solid, if you can sell that is.

---

Not much of a peak here, just a return to the valley. Sales seem to have peaked in May this year so far, which has, oddly enough, been the trend for the last three years. The three years prior  (09,10,11) all had decent sales spikes in June. 
With no changes to the market over the last few years, we seem to be following the "high inventory, high value, low sales" trend. A very strange market indeed, where all signs would point to a "buyers market", but with sales remaining strong, sellers seem to be holding out for what they think they're properties should sell for. There is a lot of products on the market, but good quality properties at good prices are still being snapped up in certain areas of the city. Seems almost to be a vulture mentality on the market where the landscape has dried up, and savvy buyers circle in wait for the "new meat" of the market, swooping in once discovered, sometimes two or three at a time. So although it has not been a great market year so far, there is still action out there, and people are finding ways to buy and sell in it.

---

VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty, real estate map? Its a great tool for all your real estate 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!


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 leave a public comment or question below. 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. Thanks for stopping by!

Newest Blog post HERE

---