Real Estate Blog - realtor

I'm a home buyer | Do I have any hope at all in this market?

Posted by Chris Perkins on October 5th, 2020

Before we talk about how challenging this market is for home Buyers, let's talk about what is causing this unprecedented demand.  The number of sales year over year are only up by 8% and that alone would not cause a substantial price jump.  However, prices have risen by 12% in the last twelve months and it is almost entirely down to a lack of supply. The number of listings available in September 2020 is down by a whopping 51% from 2019. It is down an even more alarming 64% from 2018.  There are simply not enough homes for sale to satisfy demand and this is causing an extremely competitive environment for home Buyers in and around Halifax.

The Landscape

Almost all homes that hit the market in Halifax are being put on a "program" by Real Estate…

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April 6-12th Real Estate Market Update

Posted by Chris Perkins on April 14th, 2020

Our weekly stats update sees sales slow further while the number of new listings is fairly similar. We've been focusing on offers written vs firms sales because it more current representation as to what's actually going on.

The number of "solds" in March was significantly higher than in 2019 because of the amount of activity before the lock down. April will see a slow down in these numbers but we won't know the actual affect on sales until May.

Far fewer offers are being written as time goes on, which means the number of firm sales we see in the next month will follow suit.

Questions about buying or selling a home and how these statistics might affect you?  Contact us below and we'll be on hand to answer all your questions. 

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Listings Slow Down. Sales Pick Up.

Posted by Chris Perkins on April 7th, 2020

This is our third installment of the Halifax real estate market amid the Covid-19 crisis. This is likely our new normal and will reflect what we can expect over the coming weeks and months.  Listing activity has slowed once more while sales actually picked up slightly over the last week. The number of cancelled listings has edged up, especially in comparison to the same week last year.  Once more of these offers turn into firm sales, we'll be able to get a better idea as to how values are being affected.  

 

Do you have questions about the market?  Drop us a line below!

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Should I buy or sell a home amid the COVID crisis?

Posted by Chris Perkins on April 5th, 2020

For those of you who don’t know me, my name is Chris Perkins and I’m the Broker/Owner of HaliPad Real Estate Inc.  I’ve been selling real estate since 2007 and moved to Halifax with my wife, Joelle in 2018.  We founded HaliPad Real Estate Inc that same year and opened an office on Gottingen Street, we’d love to have you stop by when things return to normal.

Now, before they return to normal, what does that mean for the local real estate market and how we do business. From a market perspective, things are more active than I was expecting.  We’ve written a couple of blog posts looking at new offers written and new listings in the past three weeks.  From March 16-22nd there were 133 offers written in comparison to 117 the year before.  From March…

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Advice from Dr. Robert Strang when buying or selling a home

Posted by Chris Perkins on April 3rd, 2020

Best practices from Dr. Robert Strang when buying or selling a home amid the COVID crisis

The Real Estate Commission reached out to the Office of the Chief Medical Officer of Health, Dr. Robert Strang, asking what advice they would convey to the real estate industry during the COVID-19 pandemic. It was recommended that we comply with the following information:

• Social distancing, travelling in separate vehicles and not showing houses of those in self-isolation.
• Frequent hand hygiene. Real estate licensees and buyers will be going into homes where the risk may be unknown. It is extremely important for these individuals to touch as little as possible during the viewings and practice hand hygiene before entering and after leaving the premise.
…

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Real Estate Activity Update 2 | The Covid Effect

Posted by Chris Perkins on March 31st, 2020

Housing is Essential

Although Halifax real estate activity has dropped significantly week over week, I'll admit I'm surprised by the amount of activity that remains.  Real estate services were listed as essential in Ontario when all non-essential businesses were ordered to close.  People need a place to live regardless of external factors that influence the market.  

Offers Written 

The number of offers written are down by 29% from this week two years ago and 36% from this week last year.  However, the total number of offers written in March 2020 current sits at 512 in comparison to 422 last year.  The next week should give us a good indication as to how we can expect market to trend until things return to normal. 

Cancelled Listings

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What’s happening to the real estate market amid COVID-19?

Posted by Chris Perkins on March 24th, 2020

 

Real estate sales are a lagging economic indicator.  It takes weeks or months for sales to feel the effects of shifts in other areas of the economy.  That said, it is currently impossible to predict how the current environment surrounding the COVID-19 crisis is going to change our local housing market.  However, we can comment on what as happened so far and we will continue to update statistics over the coming weeks to keep everyone informed as to what is going on.  

As you’ll note in the charts below, it’s too early for the real estate market to react to what has happened in the past week. It is also subject to significant change as the Government’s response to this crisis evolves on a daily basis.

Number of New Listings

New listings in…

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Welcome, Adam Scott!

Posted by Chris Perkins on June 8th, 2019

It is with great excitement that we welcome Adam Scott to the team at HaliPad Real Estate Inc! Adam's values based on providing outstanding service falls directly in line with our company's core mission statement.  We are very proud to have him on board and look forward to seeing him succeed!

Meet Adam Scott

Adam Scott has lived in Halifax since 2012. He’s happily married and a proud father of two.  Originally from Ontario, Adam always wanted to be somewhere with a big city feel but, a small town vibe.  Halifax delivers and he’s thrilled to call it home.  Adam has come to love the beautiful and dynamic landscape of the Nova Scotian Shore and in particular, Hubbards, where his wife’s family has roots that go back to the 1940’s.

Adam caught the…

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