halifax real estate market: Condo Real Estate Market Update: February 2023.
- 03/06/23 08:21 AM
Condominium Year-to-date (YTD) real estate market stats for February 2023. I find YTD stats provide a wider scope to the marketplace. It eliminates skewed results reflected by many homes in similar price range going on the market at one time. Also more accurate are statistics providing median values instead of averages. It just minimizes the risk of skewed results and gives a better idea of the current marketplace.
The market here in Halifax, Nova Scotia has continued its pattern as with previous months this year so I thought it would be interesting to see how this market compared to 2015. It was a strong Buyer's market and the surprise was how the median value for condos was higher than single family homes. It's no longer the case because we have a lot more condos that were built since. The increase in median values was a surprise too! Where else can you make $300,000 return on investment in just 7 years than real estate??!! (1 comments)
I love hot water baseboard heat and in Nova Scotia, you'll find many homes here that have it. It's an efficient heat and before the price of oil jumped, it used to be economical. Electric baseboard heat is still the most expensive and provides a dry heat so for some, they'll need to get humidifiers and/or install ductless heatpumps. On to hot water baseboard heating; it's a wonderful warm heat unlike electric but there are some things you need to know; especially if you want to travel in Winter time. This short video provides a basic understanding so you'll need to call a (1 comments)
halifax real estate market: 2022 Q3 Halifax Nova Scotia Market Report
- 10/04/22 10:37 AM
We all knew the market was shifting because we could "feel" it. When looking at the data monthly, the pattern of the most common factors such as, number of sales, days on market, median price, were looking similar to the first and second quarter of 2022. Then taking a look at the year-to-date date for the third quarter, it shows just why it was different. Download the reports here.
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halifax real estate market: News You Can Use: A Collection of Articles
- 08/19/22 09:30 AM
HIGHLIGHTED ARTICLE August 18, 2022 – Living Room Architectural trends in new homes CONSUMER NEWS – for sharing with your clients August 18, 2022 - National Post Modern living: Household appliances you can really talk to August 18, 2022 - CBC Ottawa She bought a house on a fledgling auction site. Now she faces over $100K in repairs August 17, 2022 - National Post HOLMES: Hot tubs - Are they the right choice? August 16, 2022 – Living Room What it means to refinance your mortgage August 15, 2022 - CBC N.S. Some Nova Scotia students facing 'desperate' situation amid housing crisis August 15, 2022 - Financial Post Time to sell? How to manage your investment property as (0 comments)
halifax real estate market: Choosing a Loan That’s Right for You
- 04/21/22 12:33 PM
Finding the right loan to meet your needs can be one of the hardest parts of buying a new home. There are a number of mortgage options out there, and if you choose one that isn’t really ideal for your situation, then you might end up paying a lot more for it in the long run. With so many options, though, how do you know that you’re getting the best loan to match your situation? It might take a little bit of homework, but there are actually a few different ways to sort through potential loans to find the best one for (1 comments)
halifax real estate market: 2022 Q1 Halifax Market Report - Single Family
- 04/02/22 09:53 PM
What a crazy time! The stats for days on market time this year over last year demonstrates the demand in the marketplace just by seeing the striking decline in the extremes. It explains in the increase in values above asking and the strong seller's market that is happening here in Halifax, NS. The follow image shows a summary of the first quarter of 2022. Please feel free to reach out if you'd like to see specific stats to your particular area of the city; they're all different. (0 comments)
halifax real estate market: What’s the Best Use of My Remodeling Dollars?
- 02/14/22 08:40 AM
When it comes to remodeling, some changes that you make to your home are going to net you a big return on your investment. Sometimes this return comes in the form of an increase to the overall value of your property, while sometimes the return is more in the form of your enjoyment and the overall usefulness that your home has for you. Either way, there’s a definite positive side to your remodeling project that you’ll reap the rewards from for years to come. With some other projects, though… well, let’s just say that they seemed like a good idea at (0 comments)
halifax real estate market: Dear John Letter & Halifax's Market
- 01/19/22 07:46 AM
Just ramblings of a very frustrated agent trying to help the loveliest couple find their dream home. We found the perfect house, seriously, the PERFECT house. I thought for sure we had it because my clients pulled out all the stops to get it. Yet it wasn't enough. I am so thankful my clients are understanding and know that it is beyond my control that we don't get offers accepted. Every property has its own buyer pool and it changes for every property we look at so we just need to submit an offer based on what we believe the property to be (10 comments)
halifax real estate market: Is It Time to Replace Your Windows?
- 06/14/21 10:25 AM
Your windows are one of the most important features of your home. They provide you with natural light and visibility while also giving you the option to let fresh air in when your home gets stuffy. As with everything else in your home, your windows will start to accumulate some wear and tear over time. Eventually they might even have to be replaced. How do you know when it’s really time to replace your windows, or when a little maintenance will keep them in operation for a while longer? While this varies a lot depending on the specific windows that are (0 comments)
42 Vrege Court is in Halifax's premiere acre neighbourhood located only 15 minutes to both Halifax and the Airport. It's the country in the city where space is enjoyed and surrounded by all amenities. (5 comments)
One of the most common questions we get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. While the state of the real estate market depends on where you live, one thing is for sure: Overall, the real estate market is healthy in most areas.
We often use national real estate numbers to give us a clearer view of our local market. However, real estate is local, and while statistics and predictions help us understand the overall real estate (0 comments)
halifax real estate market: Investment Experts See Halifax the Next Big Hotspot
- 06/10/15 10:49 PM
A study by Landcorp International found that Halifax, Nova Scotia is the next real estate investment hotspot. In the press release dated May 6, 2015, Landcorp announced its finding after combining research, opinions of other professional entities and Newfoundland's historical doubling of real estate values. What does this mean for Nova Scotia real estate? From a buyer's perspective: You need to buy right now! Why? Interest rates are the lowest they're going to get. Ever. The market is saturated with inventory making it a buyer's market. Values are set to increase, predicted September 2015. The perfect storm for excellent opportunity to get in on the property ladder (0 comments)
halifax real estate market: 5 Year Real Estate Market Analysis of Halifax, Nova Scotia
- 02/26/14 04:58 AM
A 5 Year Look at the Real Estate Market of Neighbourhoods in the Halifax Regional Municipality (HRM). I'm often asked, "how's the market these days?" The short answer to this question is. "Detached single family homes in the HRM are selling for an average of $328,480.46 in 2013 and staying on the market for an average 96 days with a list/sell price ratio of 97%." The list/sell price ratio is what the property actually sells for after being listed for a predetermined amount. For example, a house listed for $300,000 sells for $291,000. But what does that really mean when the Halifax Regional Municipality is (2 comments)
As a designated Certified Negotiation Expert, Certified Real Estate Digital Marketing, Seniors Real Estate Specialist & Certified Staging Professional REALTOR®, Tina will combine proven home staging techniques with over 25 combined years experience in design and marketing strategies, using insight into the minds of potential buyers to produce an effective marketing approach.
Effective strategies to help with your real estate goals!