Every time I receive a call from a buyer who purchased their home during the Covid era and are looking to sell, my heart sinks a little. It's a bit like déjà vu, recalling the "Ships Start Here" frenzy when buyers who snagged homes during the buzz of proposed DND contracts found themselves not making any profit, or even losing money, when trying to sell within five years of the ...
As we venture deeper into 2024, the real estate landscape presents a mix of challenges and opportunities. This update provides a detailed analysis of the current market conditions, exploring whether it remains a seller's market and how the dynamics have shifted since February. Current Market Dynamics: A Shift from February's Momentum March 2024 showed a noticeable slowdown in the re ...
In the bustling world of real estate, the line between being a rockstar agent and a mere echo of Milli Vanilli is thinner than ever. Yes, I'm throwing it back to the lip-syncing legends to make a point—authenticity is key in today’s property market. But let's dive deeper into this melodic analogy. The Rockstar Illusion in Real Estate In an era where every agent wants to top th ...
In the bustling world of real estate, perceptions often diverge from reality. Despite media buzz suggesting a bleak landscape for first-time homebuyers and a dearth of affordable housing, the reality in Halifax, Nova Scotia, tells a different story. Overview of Halifax Real Estate Market In Halifax, the real estate market is vibrant and dynamic, contrary to popular belief. Year-to-date, 6 ...
In 2023, there was a notable surplus of 167 newly constructed homes that remained unsold. These properties, on average, lingered on the market for 157 days, with some experiencing protracted durations of up to 368 days. This trend raises questions about market dynamics. YEAR Area INVENTORY DOM SIZE PRICE 2023 HFX 167 157 2335 ...
In the ever-evolving landscape of real estate, one decision can send ripples through the market. I'm Sandra Pike, and when I first heard about the restrictions being placed on foreign students, a thought crossed my mind – the Foreign Buyer Ban (FBB) might be extended. It turns out, I was right, and it's now set to stretch until 2027, far beyond my initial prediction of 2025. The FBB ...
Halifax Real Estate Market Trends The Halifax real estate market has witnessed significant changes in recent years, and it's essential to understand these trends for anyone interested in buying or selling homes in this beautiful city. In this comprehensive analysis, we'll explore the data from 2017 to 2024, examining the number of homes listed, homes sold, and average prices to provide valuable in ...
In the world of real estate, it's not uncommon for sellers to make the decision to remove their listings from the MLS (Multiple Listing Service) before their homes are sold. But have you ever wondered why this happens? In this article, we'll explore the various reasons behind sellers withdrawing, canceling, or letting their listings expire, and what these actions mean for both sellers and potentia ...
In the world of real estate, it's impossible to escape the constant chatter about the market. If I hear one more time that the market is still crazy, I think I will SCREAM. But here's the thing – our stats tell a different story. NSAR Stats from Jan - Dec 2023 The Numbers Don't Lie In 2023, a total of 3,770 single-family homes were sold in Halifax, NS. These numbers are based on NS ...
What a whirlwind 2023 was. Much slower than we all anticipated. However not surprising. In 2023, the real estate market in Halifax, Nova Scotia, took a turn that caught many by surprise. After witnessing a booming market in previous years, where everything seemed to be selling like hotcakes, 2023 brought a significant change. According to statistics, 76% of the inventory sold in 2023, compared to ...
When it Comes to Properties and Selling Over Asking: Is it a Thing? In the ever-evolving world of real estate, there's a buzz around properties selling over asking price. Is it just a trend, a fluke, or a new normal? The Over Asking Price Hype So, you've probably heard whispers about properties selling for more than their initial listing price. Is it true? You bet it is! But before ...
Welcome to the ever-evolving real estate landscape of Halifax, Nova Scotia. As a resident of this beautiful city, you're likely familiar with the constant fluctuations in the housing market. In this article, we'll explore whether we're currently in a seller's market, a buyer's market, or somewhere in between. We'll delve into key factors affecting the real estate scene, including market statistics ...
Where is the Hot Market in HRM? In the ever-evolving world of real estate, pinpointing the hottest market in Halifax Regional Municipality (HRM) is akin to chasing the tail of a comet. With its diverse neighborhoods and varying price points, HRM offers something for everyone. However, as a seasoned real estate specialist with The Pike Group, I can confidently say that the trends are clear – ...
Congratulations! You've successfully sold your house in Halifax, NS, and it's time to embark on the next phase of your journey. While closing the sale is a significant accomplishment, there are still a few important steps to take to ensure a smooth transition and make the most of your newfound opportunities. Here are some friendly tips for sellers after closing the sale of their house: &n ...
Unlocking the Potential of Secondary and Backyard Suites Are you looking to make some extra cash from your property? With up to $25,000 in forgivable loans on the table, it's never been easier to invest in a secondary or backyard suite in Halifax, NS. This pilot program has $8 million in funding spread over three years and aims to facilitate the addition of up to 300 new units across Nova Scoti ...
In today's bustling real estate market, where buyer expectations have evolved every detail matters. Among these, pre-home inspections stand out as an indispensable element for sellers. In Halifax, the importance of this practice cannot be overstated. The Nuances Agents Might Miss Real estate is complex, and the home itself is its heart. A property might look picture-perfect fro ...
Strategies to Ensure Emotional Well-being During a Sale: The Compassionate Approach of a Divorce Coach Real Estate Agent in Halifax Navigating the sale of a shared home during a divorce can be an emotional whirlwind. Memories are tethered to every corner, every room, and every brick. As a divorce coach and real estate agent in Halifax, I've seen the emotional tempests that many ...
Why Choose Me Selling a home isn't just a transaction; it's an emotional journey. When the threads of marriage unravel, the place you once called home can become a web of memories, questions, and uncertainties. Here, in the heart of Halifax, where every brick might hold a memory, I've merged my skills to provide a unique service—a blend of real estate expertise and divorce ...
A Journey of Emotions and Practicalities Divorce, a word that carries with it an ocean of emotions - pain, loss, uncertainty, but also, for some, a sense of release, new beginnings, and hope. In the midst of this emotional tempest, selling a family home, a place imbued with countless memories, is not just a practical decision but an emotional voyage. Halifax, with its colonial h ...
Life, with all its unpredictable turns and ebbs, teaches us lessons that no classroom ever can. It’s in the quiet nights, gazing at the vast starry expanse, or in the loud clamor of a busy Halifax marketplace, that life subtly whispers its lessons. I've walked through challenges and faced moments where the horizon seemed bleak. But it's these very moments that have shaped me, enric ...
Are we still the friendly province? Our commercials certainly tell the tale that we are. However, as of April 01, 2022, we proudly state that we are not. Thank you to all of those who purchased locally our beautiful summer homes, here is a new tax bill.
Today I am interviewing Ian Angus of Royal Lepage Atlantic and Leanne Myles of the Clinton Wilkins Mortgage Team. The talk on the street is that people should not purchase any types of homes only if necessary. Rates have gone through the roof and home prices keep increasing. Some state that we are headed for a recession. Are these the thoughts of all local industry members?
We decided to have an open session today on any topic we could think of. Will open bidding work in our market? Should we be able to discuss pricing in an open forum? And much more. Join me, Sandra Pike as I host Adam Hennigar [Sutton] and Chandler Haliburton [Remax] as we put it all on the table for discussion.
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