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Halifax (HRM) Residential Statistic Update for the Week of May 14th - 21st, 2020 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 251 (194, 234, 166, 150) *377 Sold: 132 (120, 112, 131, 98) *227 Sale To Listing Ratio: 53% (62%, 48%, 65%, 65%) *60% Price Changes: 61 (70, 55, 56, 70) *145 Listings that went conditional/pending: 195 (169, 164, 125, 112) *266 Expired/Cancelled/Withdrawn: 38 (40, 104, 32, 58) *61 Total Active Halifax/Dartmouth Inventory: 2,115 (2,086, 2,100, 2,135, 2,134) +3,421 Absorption Rate in weeks: 17 (18, 19, 19, 19) *16 Single Family Home Stats Active Single Family Home: 1,039 (1,099, 1,113, 1,139, 1,141) *1,904 Average Single Family Home List Price: $377,260 ($371k,$359k,$362k,$351k) *$348k Average Single Family Home Selling Price: $373,341 ($368k,$351k,$355k,$250k) *$342k Single Family Home Sale to List Ratio This Week: 99% (99%, 98%, 98%, 99%) *98% Median Single Family Home List Price (6 mo): $323,700 ($320k,$320k,$320k,$320k)*$300k Median Single Family Home Sold Price (6 mo):$320,000 ($320k,$319k,$320k,$320k)*$295k Average Days on Market Single Family Home: 63 (60, 61, 45, 47) *52 Condo Stats Active Condos: 153 (148, 152, 154, 141) *267 Average Condo Listing Price: $274,431 ($255k $351k, $286k, $329k) *$250k Average Condo Selling Price: $270,606 ($247k, $339k, $273k, $315k) *$246k Condo Sale to List Ratio This Week: 99% (97%, 97%, 96%, 96%) 98% Median Condo List Price (6 mo): $265,000 ($269k, $267k, $260k,$260k) *$246k Median Condo Sold Price (6 mo): $259,400 ($263k, $261k, $255k, $255k) *$240k Average Days on Market Condos: 68 (54, 40, 40, 84)*37 Active Vacant Lots: 693 (707, 717, 717, 721) *955 Market Rant You could tell this week that there was something different in the air, perhaps renewed optimism. Although minimal, people have noticed that the market here is starting to loosen up a bit, with sellers finally returning to market. Because of this, there was finally a gain of inventory this week after several weeks of declining numbers. Condos gained a few new listings this week, but it's hard to tell exactly how there was a gain this week beings that both vacant land and single family homes reduced in volume this week. Must be down to the weekly churn, which did see a sizeable addition of new listings this week creating a positive happening for our market. After many weeks of seller reluctancy to come to market, it's really nice to see them start to return after great management by the province and newly implemented protocol throughout the industry. I'm sure this is also welcome news to the plethora of buyers out there waiting to get into a home, finally. Still quite competitive out there though, but the hope is that with the loosening restrictions, more sellers will come to market which will relieve some of the pressure currently felt throughout the city. Still quite a distance from the market that settled in at this time last year, but it is improving, which is a good sign. Really, the market was awesome before COVID and the fear was that it would simply cease all together, or create some sort of 180 effect. Now, a few months into this thing and the market hasn't really skipped a beat, which has been a bit surprising to many individuals, including myself. Maybe there's a change on the horizon, so stay tuned to the blog to stay on top of the changing market! Thanks for stopping by! The Weekly Adogtable! Hello there! My name is Bella, I am almost 2 years old, I am a female pittie mix and I weigh around 50lbs. I am a local surrender and am ready to find my forever home! My foster mom has been trying to build my confidence with people. I do tend to bark at all humans because strangers make me anxious but once I know you are safe we will be good friends. I have the hardest time with little children, especially if they are running and screaming; because of this a home with older kids would be best for me. I also need a kitty free home because we just do not get along. We have been walking in the woods lately, some dogs are on a leash like me and others are off leash. I do really well with both leashed and unleashed dogs approaching me. I have 2 other dog siblings in my foster home and we get all great! I’m happy to announce that I haven’t used the bathroom in foster mom's house in 3 weeks, now I know to whine when I need to go outside to use the bathroom; it also helps when she comes outside with me. My foster mom says that I’m a cuddle expert, I’m not sure what that means, hopefully you do? I love being close to my foster mom at all times, when she is having a nap on the couch, watching a movie or going to sleep; I will be right there with her! I don’t love it when my foster mom leaves the house, I bark and cry a bit, but I do not destroy anything. My foster mom gives us a kong treat when she leaves which helps, and having my two fosters sisters with me makes me feel not so alone. I do love to be outside, either going for long walks or hanging outside in the back yard. Since I’m on the subject of walking, I do tend to pull on leash, I love to sniff and get excited with all the smells! My foster mom put a harness on me and it seems to be helping, I was scared of the harness at first but now I get excited because I know it is walk time! I know how to sit and give paw, I’m currently learning to lay down and to take treats gently, foster mom says I’m a little rough taking treats but they're just so yummy! My foster mom tells me that I’m a very smart dog and pick things up very quickly. I’m also learning not to guard things like toys, bones, and even my feet. My foster mom is teaching me that if she takes the bone away she will give it back, so I am relaxing more with letting these items go. I’m learning that if I drop the ball, my foster mom will throw it again and again and again. SO FUN! Did I mention I love toys…because I do. I can be a bit saucy and nip if I'm trying to protect so I hope my forever family will keep working with me on this. I will bark at bicycles, strollers, cars and motorbikes; they're all so loud and new but I'm hoping you will be patient with me, I'm sure they will become normal with time! I haven't been in a car much lately but I get really nervous in them and can drool a lot. I will sit and wait for you to tell me I can eat my breakfast and supper, in this house its called supsup, weird but OK! I am still a puppy and learning my manners but I have come so far in such a short amount of time I know we can continue to learn together! **Confidence classes are mandatory with me to help gain confidence and trust ❤ Are you my forever home?! ❤ My adoption fee is a $400 donation to help save more dogs like me. I am vaccinated, microchipped, and will be spayed by the rescue as soon as it's possible! You can apply for me at https://www.salcars.ca/adopt. 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 LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
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Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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