The Halifax Real Estate Blog Weekly Market Rand and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: September 9th-16th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 229 (186, 227, 203, 205) *367
Sold: 195 (146, 183, 177, 178) *270
Sale To Listing Ratio: 85% (79%, 80%, 87%, 87%) *63%
Price Changes: 55 (56, 61, 52, 74) *140
Listings that went conditional/pending: 201 (184, 216, 221, 182) *317
Expired/Cancelled/Withdrawn: 41 (48, 49, 42, 64) *60
Total Active Halifax/Dartmouth Inventory: 1,115 (1,116, 1,188, 1,202, 1,224) +1,741
Absorption Rate in weeks: 6 (5, 7, 6, 7) *7
Single Family Home Stats
Active Single Family Home: 433 (434, 482, 487, 500) *838
Average Single Family Home List Price: $530,828 ($447k,$429k,$419k,$421k) *$391k
Average Single Family Home Selling Price: $548,221 ($472k,$469k,$445k,$452) *$394k
Single Family Home Sale to List Ratio This Week: 103% (106%,109%,106%,108%) *101%
Median Single Family Home List Price (6 mo): $379,900 ($380k,$380k,$379k,$380k) $340k
Median Single Family Home Sold Price (6 mo):$434,277 ($434k,$436k,$435k,$436k)*$344k
Average Days on Market Single Family Home: 22 (16, 12, 12, 11) *34
Active Condos: 78 (84, 97, 94, 95) *163
Average Condo Listing Price: $376,500 ($352k, $338k, $300k, $372k) *$268k
Average Condo Selling Price: $390,810 ($357k, $353k, $318k, $392k) *$272k
Condo Sale to List Ratio This Week: 104% (101%, 104%, 106%, 105%) *100%
Median Condo List Price (6 mo): $319,900 ($320k, $319k, $310k, $320k) *$260k
Median Condo Sold Price (6 mo): $343,450 ($344k, $345k, $350k, $350k) *$260k
Average Days on Market Condos: 28 (8, 13, 28, 17) *18
Active Vacant Lots: 470 (471, 472, 467, 470) *568
Almost a mirror week from last week, well, in the inventory levels at least. Some heavy hitters in the Single Family Home sales this week, launching the average listing and selling prices over $500k for the first time ever. No doubt the 4 Million on South Street beefed up the numbers, but there did seem to be an unusual amount of over 1 million dollar sales this week as well. Some slight improvements in the market this week with overall sales, new listings and listings under agreement hitting at or just under the 200 unit mark. Now that school is back in and things are getting back in full swing, the home sale or search can continue with renewed focus. For the long term stats, there continues to be a pause in growth, other than small incremental changes every other week, but the big jumps have all but ceased. The six month median prices have basically plateaued for the last few months, as well as the sales to list ratios's, giving a thought that the peak values and over list offer percentages have perhaps been hit. I'm sure that is a ceiling of value that buyers in HRM would be happy to see decline, but the question is when, and how far will the market correct, if at all? Again, the market is anything but predictable at this point, so be sure to check in frequently to stay on top of things! Thanks for stopping by, and stay safe out there!
The Weekly "Adogtable"
Hi everyone! My name is Chandler and I am a 4 year old, border collie mix boy weighing around 45lbs. I came from Texas several months ago, I thought I had found my forever home but turns out I wasn't quite home yet.
I'm a little shy and it takes me a little more time to trust people, but once I warm up I love a good scratch, especially on my ears or under my chin, and I also love a good cuddle, particularly first thing in the morning!
I enjoy the company of other dogs, but prefer to watch rather than play. I'm unsure of kids, I tend to scare easily, so I would do best in a kid-free home. As far as cats go, I haven't been around any, so I'm not sure about them yet.
I walk really well on my leash, but it's really important that I'm always on a double leash because I am able to back out of my harness when I get scared. I can sit and come when called, but I will need some patience and training when it comes to body handling and confidence building; I tend to get nervous if I feel trapped or cornered and when walking through doorways.
I'm not a big fan of toys right now, but I may learn to enjoy them over time. Car rides on the other hand, I'm definitely a fan of those! I'll just curl up and have a nap on route to our next big adventure together!
At home, if there is someone around, I like to follow them around the house. If I'm alone I won't be destructive but I think I'd like someone home more than not. I am happy to say I am housetrained as well!
I know I have a few things to work on, but I promise that your patience will be rewarded! So, if you're looking for a sweet and smart pup to join your family, I'm ready to go to my forever home with you!
Do you think we'd be a good match?
My adoption fee is a $400 donation to the rescue to help save more dogs like me. I am neutered, 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 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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Newest Blog post HERE
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