The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: April 21st-28th, 2022
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 362 (248, 337, 386, 263) *296
Sold: 201 (170, 181, 199, 149) *301
Sale To Listing Ratio: 56% (69%, 54%, 52%, 57%) *102%
Price Changes: 48 (35, 54, 41, 18) *59
Listings that went conditional/pending: 270 (169, 266, 227, 200) *346
Expired/Cancelled/Withdrawn: 35 (38, 38, 55, 37) *48
Total Active Halifax/Dartmouth Inventory: 712 (675, 655, 675, 577) +994
Absorption Rate in weeks: 4 () *19
Single Family Home Stats
Active Single Family Home: 293 (269, 245, 265, 215) *364
Average Single Family Home List Price: $540,045 ($481k,$504k,$502k,$499k) *$419k
Average Single Family Home Selling Price: $618,478 ($570k,$609k,$600k,$611k) *$477k
Single Family Home Sale to List Ratio This Week: 115% (119%, 121%, 120%, 122%) *114%
Median Single Family Home List Price (6 mo): $439,900 ($430k,$430k,$430k,$425k) *$380k
Median Single Family Home Sold Price (6 mo):$520,000 ($515k,$510k, $505k,$499k)*$411k
Average Days on Market Single Family Home: 9 (9, 7, 7, 9) *14
Active Condos: 58 (53, 52, 60, 37) *101
Average Condo Listing Price: $653,386 ($405k, $454k, $503k, $386k) *$280k
Average Condo Selling Price: $705,394 ($480k, $513k, $525k, $471k) *$348k
Condo Sale to List Ratio This Week: 108% (118%, 113%, 104%, 122%) *124%
Median Condo List Price (6 mo): $379,650 ($372k, $375k, $370k, $370k) *$303k
Median Condo Sold Price (6 mo): $425,000 ($422k, $421k, $420k, $405k) *$325k
Average Days on Market Condos: 61 (5, 5, 29, 9) *10
Active Vacant Lots: 235 (234, 241, 242, 233) *412
Finally, another week of solid, notable market recovery activity this week. Inventory took a bump in all tracked products, and the gap between this year and last years overall volume is starting to close. WIth more selection around the city, buyer attention has been divided and has caused a noticeable decrease in individual listing traffic. Perhaps this is one of those "pockets of opportunity" that become available from time to time, or perhaps we are finally on the way to cooler market times. A few more weeks of this activity and we will definitely be on a path to better times for buyers, and perhaps a bit of a different reception for sellers. It is the Spring market though, and higher volumes of new listing additions usually trend this time of year. Sure, we are missing some of the local lateral move inventory, and the some of the relocation inventory, and even new construction options, but will all that said the market does appear to be softening (for the moment at least). Values took another jump this week, which will likely continue as the stats catch up to the current market, and the overbid amounts seem to be holding fast on their averages as well. Exciting times for many as market fatigue has definitely taken its toll on weary buyers just trying to get in, and has even been challenging for many of the various professionals in the industry. Another false crest, or are we finally starting the decent? Only time will tell, so make sure to stay tuned to the blog to keep tabs on the market! Thanks for stopping by!
The Weekly "Adogtable"
Hello everyone, I’m Ollie, a 9 month old pitty mix boy weighing approximately 45lbs. I made my way to Canada from Texas, where I was found as a stray and I am ready to start searching for my forever home.
I’m a playful fella who loves toys of all kinds but squeakers are my favourite. I will play fetch but I’m still working on bringing the ball back. Balls are fun!
I am a little nervous when I first meet people and sometimes will growl but stop quickly, especially if you have a treat for me. I love treats! Children older than 12 are recommended due to my size and age as I can easily knock over a smaller child because I don’t realize my size and strength.
I walk great on leash and do not pull at all. I’m also perfect in the car and usually just curl up on the seat and take a nap. My foster mom uses the command “Load Up!” and I jump right in.
I am almost housetrained. I do most of my business outside but you have to take me out immediately after I eat/drink any amount of water. If I have an accident it is in front of the door but I don’t make any noise or indication to go out so sometimes my foster parents miss getting me out quick enough and then I will have an accident. I am getting so much better because they keep a close eye on me and know if I head to the door, I need out.
Smaller animals are a big NO for me, cats, dogs or other. After almost 2 weeks of living without incident in my current foster home, I grabbed my little fur foster sister, thankfully she is going to be ok, but clearly I can't be trusted with littles. I also don’t think living with a low energy dog is ideal as I don’t know when to quit playtime and it can make another dog upset with me when they’ve had enough.
I have no issues with resource guarding at all. I do bark a fair amount so apartments probably aren't ideal for me.
I am crate trained for when I’m left alone, although I haven’t had to be in one for a while because my foster momma is home from work right now so I haven’t been alone much. My favourite place to sleep is in bed with my humans. Most times I climb under the covers and use the pillows. I think I’m part human sometimes.
I am such a handsome boy, everyone falls in love with me! I hope my forever family is out there waiting and sees how wonderful I am!
My adoption fee is a $450 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 the Save a Life Canada Animal Rescue, 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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Jeremiah Wallace, CD
Jeremiah 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..
Photo's by Jeremiah