The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, but Jeremiah Wallace of ViewPoint Realty: January 14th-21st, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 178 (189) *194
Sold: 133 (98) *89
Sale To Listing Ratio: 75% (52%) *46%
Price Changes: 67 (51) *47
Listings that went conditional/pending: 152 (181) *148
Expired/Cancelled/Withdrawn: 35 (67) *57
Total Active Halifax/Dartmouth Inventory: 1,052 (1,075) +2,148
Absorption Rate in weeks: X (X) *X
Single Family Home Stats
Active Single Family Home: 437 (441) *1,080
Average Single Family Home List Price: $434,729 ($469k) *$368k
Average Single Family Home Selling Price: $438,856 ($465k) *$364k
Single Family Home Sale to List Ratio This Week: 101% (99%) *99%
Median Single Family Home List Price (6 mo): $349,900 ($350k)*$315k
Median Single Family Home Sold Price (6 mo):$360,005 ($360k)*$310k
Average Days on Market Single Family Home: 40 (59) *62
Active Condos: 98 (98) *144
Average Condo Listing Price: $386,208 ($328k) *$301k
Average Condo Selling Price: $389,830 ($325k) *$294k
Condo Sale to List Ratio This Week: 101% (99%) 98%
Median Condo List Price (6 mo): $264,900 ($262k) *$250k
Median Condo Sold Price (6 mo): $270,000 ($270k) *$240k
Average Days on Market Condos: 41 (119)*64
Active Vacant Lots: 411 (430) *768
The hits keep coming! Usually we start to see the inventory count increase in numbers at the beginning of the year, but the current market conditions are keeping this stat suppressed. Reductions in all tracked products this week didn't help the cause, and the lower than average new listings plus higher sales count didn't help either. The listings that went under agreement this week seem the same as this time last year, but I imagine the reason for that is simply the lack of inventory. Given more options, I imagine this number would be much much higher. This time last year it seemed like there wasn't a lot of options either, but that pales in comparison to the desolate landscape that is the Halifax real estate market of this year... so far anyways. I talked with several buyers who wanted to wait out the market last year, only to witness what it would evolve into. Buyers even now have the same question, so the real question would be what will the market look like in 12 months from now. Common practice for buyers right now is to shop under their approval amounts so that they can compete when the time comes, but for many, they are slowly being priced out of the market, especially in the sub $300k range. The median prices seem to be holding steady, although I think they will start to show their true colours soon with that significant price explosion in the last few months of 2020. It will be interesting to see the markets trajectory this year, but so far we are following closely in the 2020 market years footsteps. Be sure to check in to the blog and stay on top of things! Thanks for stopping by, and stay safe out there!
The Weekly Adogtable!
Hi everyone! My name is Hooligan and I am a 60lbs, 2 year young male puppy. I was surrendered from a Humane Society and due to BSL I could not be adopted out there. I am super excited to find my forever home!
I don’t quite understand children and their unusual movements and voices, I get excited and want to play with them but I can be quite rough because of my size so my forever home should be adults only.
I saw a cat out a car window once and my transporter thought I was going to bust the car window out trying to get to it so definitely no cats for me. I have met multiple dogs and most times have done fine but two times, I did not do fine. Both occasions were with larger, intact male dogs and started out fine until it wasn't fine and my handler got bit in the process both times. I've had no issues with female dogs but I'd rather just have my humans to myself. I've gone to daycare once and did pretty well but it's not really my cup of tea.
I am comfortable wearing a muzzle and I've been in board and train for a couple months now working on my impulse control and have excelled. There are videos of me doing my training, if you'd like to see them, just send my rescuers an email. Training classes will be mandatory for my adopters. I am very leash reactive to fast moving things...cars, bikes, etc., so this is something I still need to work on. A quiet neighborhood without lots of traffic would be ideal for me.
I am also housetrained and crate trained because I may get into a few things if left alone. The neighbors said they don't hear a peep from me when I'm by myself. Oh and I know a bunch of commands! I will sit, stay/wait (even at meal times), shake and lay down. Let's just say I'm very treat motivated!
I am a perfect car ride buddy. I would love to have a fenced yard to run out my zoomies in! Zoomies are often followed by snuggle sessions and I am a complete bed and covers hog at night. I love all things rubber and my favourite treat is pepperoni! Stuff some rubber toys with pepperoni and I'll be in heaven!
This "cuddly companion" is available through Save a Life Canada Animal Rescue Society, a non profit rescue organization from Nova Scotia. More info about him 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