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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 143 (129, 139) *130 Sold: 64 (60, 49) *105 Sale To Listing Ratio: 45% (47%, 35%) *81% Price Changes: 37 (42, 59) *19 Listings that went conditional/pending: 85 (114, 65) *135 Expired/Cancelled/Withdrawn: 46 (42, 50) *29 Total Active Halifax/Dartmouth Inventory: 1,015 (1,016, 1,040) *534 Absorption Rate in weeks: X Single Family Home Stats Active Single Family Home: 472 (462, 483) *140 Average Single Family Home List Price: $548,551 ($579k, $525k) *$596k Average Single Family Home Selling Price: $536,806 ($555k, $515k) *$645k Single Family Home Sale to List Ratio This Week: 98% (96%, 98%) *108% Median Single Family Home List Price (6 mo): $468,250 ($460k, $460k) *$400k Median Single Family Home Sold Price (6 mo):$464,950 ($460k, $461k)*$442k Average Days on Market Single Family Home: 52 (44, 41) *23 Condo Stats Active Condos: 66 (67, 71) *28 Average Condo Listing Price: $387,200 ($555k, $525k) *$464k Average Condo Selling Price: $389,500 ($451k, $510k) *$506k Condo Sale to List Ratio This Week: 101% (81%, 97%) *109% Median Condo List Price (6 mo): $395,000 ($396k, $395k) *$350k Median Condo Sold Price (6 mo): $390,000 ($390k, $390k) *$361k Average Days on Market Condos: 15 (39, 53) *35 Active Vacant Lots: 374 (383, 381) *262 Market Rant Another rather lacklustre week of market activity, as we almost close out the first month of the year. January is a historically slow month, so we only have up to go from here! One of the things we knew was on the way, but hoped it wouldn't come, was the latest interest rate hike. In summary, the feds planned to curb inflation with dripping interest rate hikes over a period of time to the latest announced rate. It's interesting that a revaluation of the hike plan was not entertained last year when markets across Canada started to crash, including ours. This plan certainly seemed to help along the rapid cooling of an already dying market, but it makes you wonder if interest rate hikes at the bottom of a correction really helps, or is it just piling on more debt load to already heavy burden. Economists tout that "Today's hike will be the last" , but for how long? And how will this impact our local market.? It's already tough out there for Buyers, having to navigate falling prices (what is a value or not), and having to adjust budgets, since these rate hikes can change what people can afford. Values are stabilizing however, and if this is the "last of the rate hikes" for now, perhaps buyer activity can also stabilize knowing what they are up against. The dust continues to settle, so stay tuned to the blog to keep on top of things! Thanks for stopping by! The Weekly "Adogtable" Hello Everyone! My name is Gracie! I am a 3+ years old labrador mix girlie who weighs about 70lbs. I have been with my foster family for more than two months after coming all the way from Louisiana so my foster mom thinks my biography deserves an update. It's long past time that I find a forever home. I have been housebroken since the first day in Nova Scotia. Even though I was a stray, I came with pretty good house manners. Now, I am impeccable at home. I do not chew on stuff nor counter-surf. My foster parents can eat on the couch and I will not even disturb them. Sometimes you wouldn’t even know I am there because I am just so calm. I am very smart so I learn things quickly. I can sit, give you my paw, lay down, and do a right spin when you ask me to. My foster mom plays ‘Find It’ with me everyday. She will hide the item and when I find it, I get my dinner kibbles! I tolerate a bath and you can clean my paws anytime. I am even starting to warm up to the idea of a hairdryer. I am not a picky eater and have no medical issues. Initially, I was wary of my foster dad. I think I am more wary of men than women in general. However, my foster dad gave me the space I needed and now I love him! I will go to him for pats and wag my butt off when he comes home from work. I am very gentle with my rat brothers too. I like to clean them. There is no cat in my foster home but I have been cat tested and I do not care much about them but if they run, I will probably chase. If they are hiding or out of reach, I will move on to the next interesting thing. When it comes to dogs, I love my doggie friends with some conditions. First, proper introduction is needed. My foster mom thinks that since I was a stray and had to learn to survive the real world on my own for awhile, I tend to like my space when meeting new dogs. I can also be a little pushy when playing and like to nudge on the back of the neck. I’m not trying to be dominant or aggressive, I just want to get the other dogs attention to keep playing with me! Not all dogs love that so I’m still learning play manners and supervision will be necessary when playing with other dogs. I also don’t make a great impression when I’m leashed and see another dog. Although I’ve never been aggressive, even when other dogs have told me off, I can pull, bark, growl and jump/lunge when I see another dog on walks. Although we’re not 100% sure if I just feel trapped on a leash, frustrated that I’m not meeting the other dog fast enough, or protecting my foster mom, we are working on this together. When it comes to strangers, I mostly love them all. I want to say hi to everyone I see on my walks. However, sometimes I do get nervous when it is dark outside because I can’t see the approaching person clearly. I am a great traveling companion. My foster family brought me to Quebec over Christmas, a 14-hours drive split into two days. I just chilled in the car and took my pee breaks whenever given the chance. Over Christmas, I met so many new people. I even came in contact with young kids and a baby of 14 months old. I was really gentle with them. I mean I wouldn’t want to play with them because they can be a little much but I would sniff them, say hi, and go back to hanging out with my foster mom. I am a medium energy dog so as long as I get my exercise, I am good home alone over an extended period of time. When my foster parents go to work, I will sleep on the couch and give them all the love and butt wags when they come home. I think I am a pretty decent guard dog because I will let you know when there is another person or dog on your property. My foster mom will say ‘no’ and I will get off the couch. But, it is my instinct, if I see a dog, I HAVE to tell you. Because of that, my foster mom thinks that a more rural living setup may be better for me. My foster mom does wonder if I act the same when I am home alone since the neighbours said they have never heard me barking. If you are an active person who enjoys the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet! I am a very kind, lovable girl who deserves a forever family to call my own. My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am spayed, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Comments are closed.
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Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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