The Halifax Real Estate Blog Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Thursdays)
Halifax (HRM) Residential Statistic Update for the Week of April 16th - 23rd, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 166 (150, 139, 180, 196) *378
Sold: 131 (98, 104, 119, 140) *197
Sale To Listing Ratio: 65% (65%, 75%, 66%, 71%) *52%
Price Changes: 56 (70, 42, 45, 47) *171
Listings that went conditional/pending: 125 (112, 110, 120, 116) *273
Expired/Cancelled/Withdrawn: 32 (58, 68, 53, 84) *121
Total Active Halifax/Dartmouth Inventory: 2,135 (2,134, 2,155, 2,195, 2,194) +3,268
Absorption Rate in weeks: 19 (19, 17, 15, 14) *16
Single Family Home Stats
Active Single Family Home: 1,139 (1,141, 1,155, 1,184, 1,177) *1,828
Average Single Family Home List Price: $362,307 ($351k,$352k,$337k,$349k) *$356k
Average Single Family Home Selling Price: $354,897 ($250k,$345k,$336k,$346k,) *$348k
Single Family Home Sale to List Ratio This Week: 98% (99%, 98%, 99%, 99%) *98%
Median Single Family Home List Price (6 mo): $319,900 ($320k,$320k,$320k,$320k)*$250k
Median Single Family Home Sold Price (6 mo):$319,900 ($320k,$320k,$318k,$315k)*$287k
Average Days on Market Single Family Home: 45 (47, 37, 51, 47) *53
Active Condos: 154 (141, 143, 142, 142) *379
Average Condo Listing Price: $285,966 ($329k, $235k, $309k, $265k) *$273k
Average Condo Selling Price: $273,416 ($315k,$230k, $303k, $264k,) *$266k
Condo Sale to List Ratio This Week: 96% (96%, 98%, 98%, 99%) 97%
Median Condo List Price (6 mo): $259,900 ($$260k, 255k, $258k, $253k) *$248k
Median Condo Sold Price (6 mo): $255,000 ($255k, $253k, $254k, $250k) *$241k
Average Days on Market Condos: 40 (84, 8, 12, 61) *60
Active Vacant Lots: 717 (721, 730, 740, 740) *931
Business as usual as it can be? Not the numbers we are used to seeing around this time of year, but there are glimmers of the Spring market shining through this week. New listings had a bit of a comeback this week, as well as overall sales stats. We also had an uptick in buyer activity this week, although marginal, but the stats this week are saying that real estate here in Halifax has not come to a full stop. If anything, with the new protocols and safety measures that many brokerages have undertaken, it has provided a sense of comfort to the would be sellers and buyers wading through these times of uncertainty. Once the restrictions begin to loosen, things will start to carefully return to a new normal, but just like going to Costco, there will be new measures that the public will face when buying or selling property for the foreseeable future. Many of these new protocols have been adopted across the brokerages in the city, but the great thing is that the public has been very receptive if not expectant of these new safety measures. It's not the environment to get out there and "peruse" the inventory, but at least the adaption has allowed for people looking for that change an option. I've noticed the itch to get out has become a bit more obvious lately, but this is the most critical time to adhere to the instructions we have been given. In the military, we had a very real, and silent enemy, and a saying that accompanied it: "complacency kills'. It's when you let your guard down in a dangerous situation that things can get out of hand, so it's best to stay vigilant and steadfast, even when things get tough. Stay safe out there, and thanks for stopping by!
The Weekly Adogtable!
Hello, I’m Diana! I am an approximately 1.5 year old Pit / Lab mix girl. I came all the way from Texas with 30 of my friends to find my forever home! I am currently being fostered in Nova Scotia.
I have loved every human I’ve met, my fosters say I’m super sweet. I do get a little overly excited on walks when I see other dogs or people to meet, but I am working on it! I’m completely house trained, and crate trained! I have been known to get into things I shouldn’t, but since I’m good in a crate, I’ll be ok while you’re gone for a bit. I would like someone who isn’t gone all day, as I do have lots of energy to burn!
I know basic commands like “sit”, “down” and “no”. I’ve been told I have extremely good table manners; after I attempt to sniff and you tell me “no” or “down” I will just lay at your feet the whole meal with very minimal begging. I love to be near my humans and love activity. I am a fairly high energy pup so having a fenced yard to play in would be extremely beneficial for me! I don’t do that well in apartments unless you take me for multiple walks a day.
I am highly treat and food motivated and am a fast learner. I am excellent on the leash once we get comfortable with each other but can pull if I get excited. Because I’m easily excited, a house with older children would be best; I don’t want to hurt anyone! I need a strong leader who knows how to tell me no. I have tried being dominant in the past, but my current foster mom says I have been good in her home.
I’ve been in a foster home with a cat - but I got a little too interested in them, a home without them is recommended as I play too rough; the same probably goes for small dogs. I am good with my current foster siblings, I love to play with them. I’m good with dogs my size and a bit smaller. I have shown dominance issues in the past, but my foster mom says I’ve been good lately!
At night I have been sleeping in my crate, and won’t cry once you put me in while your winding down for the night; and you are the last thing I see before I fall asleep. I truly love my people that much.
I am really good in the car and love being the co-pilot (from the backseat). I love adventures and have been to the beach. I would really benefit from an active family.
My foster family says I am a truly outgoing, friendly, loving and happy pup that would complete any home. All I want to do is be loved and love you back.
My ideal day would be one where I could spend it with my human doing anything from going on fun hikes or adventures to playing fetch in the backyard.
Please submit an application and tell my rescuers you want to bring me home with you! I am spayed, vaccinated, microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt.
My adoption fee is a $400 donation to my rescuers to help save more doggies like me!
This "cuddly companion" is available through Save a Life Canada 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
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah