The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (April 22nd-29th, 2021)
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 296 (378, 450, 420, 402) *166
Sold: 301 (296, 316, 239, 295) *131
Sale To Listing Ratio: 102% (78%, 70%, 60%, 73%) *65%
Price Changes: 59 (60, 60, 41, 53) *56
Listings that went conditional/pending: 346 (358, 363, 260, 363) *125
Expired/Cancelled/Withdrawn: 48 (44, 50, 57, 63) *32
Total Active Halifax/Dartmouth Inventory: 994 (1,031, 1,025, 988, 911) +2,135
Absorption Rate in weeks: 3 (4, 4, 4, 4) *19
Single Family Home Stats
Active Single Family Home: 364 (407, 437, 418, 347) *1,139
Average Single Family Home List Price: $419,177 ($413k,$434k,$410k,$450k) *$362k
Average Single Family Home Selling Price: $477,425 ($463k,$496K,$463k,$500k) *$355k
Single Family Home Sale to List Ratio This Week: 114% (112%,114%,113%,111%) *98%
Median Single Family Home List Price (6 mo): $379,900 ($380k,$380k,$380k,$380k)*$320k
Median Single Family Home Sold Price (6 mo):$410,870 ($401k,$400k,$396k,$396k)*$320k
Average Days on Market Single Family Home: 14 (20, 11, 11, 26) *45
Active Condos: 101 (106, 99, 90, 90) *154
Average Condo Listing Price: $279,900 ($329k, $340k, $432k, $432k) *$286k
Average Condo Selling Price: $348,000 ($355k, $366k, $453k, $453k) *$273k
Condo Sale to List Ratio This Week: 124% (108%, 108%, 105%, 105%) 96%
Median Condo List Price (6 mo): $303,400 ($310k, $309k, $300k, $300k) *$260k
Median Condo Sold Price (6 mo): $325,000 ($325k, $321k, $316k, $310k) *$255k
Average Days on Market Condos: 10 (11, 66, 30, 30, 126) *40
Active Vacant Lots: 412 (397, 369, 361, 358) *717
After a few weeks of much needed inventory gain (even if marginal), the newest lockdown has reset the overall inventory number to the beginning of the month, once again creating more tension in what was a loosening market. Speaking of the lockdown, it will likely be a couple more weeks until the full impact has been felt in the industry, as the residual activity prior to it concludes, like inspections etc. It was immediately noticed how few listings were coming to market this week however, which meant even less selection for buyers. The new restrictions prior to and post lockdown have really put the chokehold on property traffic, which seems to be the intended result. Still, a shocking number of listings went under agreement this week despite the lockdown, but the anticipation is that the coming week will be a better reflection of the intended result. We shall see! Another surprising stat that didn't change much was the expired/withdrawn pile, which perhaps should have surged with sellers pausing listings etc, but again, only a few days in to the lockdown, so this will also likely change soon.
Still, the market persists. The lack of new additions and the surge of sales this week caused an over/under report on the sales to list ratio. The overbidding sales this year are really starting to show each week, and this week was another huge increase to the average list to sale spread. Most notably, we shattered a record this week for the lowest absorption rate ever reported on the blog, and coming in at a staggering 16 weeks fewer than last year at this time. If there was any question on just how volatile things are at the moment, that one key stat is the biggest indicator of our market environment. If it happens like it did last year where listings stayed off the market but buyer activity remained, then then we might see another buyer explosion on the other side of this thing. Only time will tell so stay tuned to the blog to stay on top of the rapidly changing market, stay safe out there, and thanks for stopping by!
The Weekly "Adogtable"
Hello everyone! My name is Lucky and I’m a 2.5 year old female Belgian Shepherd/Labrador mix. I’m pretty small for my breed, only weighing in at approximately 38lbs. I came from Mexico a few weeks ago and I'm so excited to for my next steps!
After experiencing what it’s like to have FUR-siblings, I’d really like it if my FUR-ever home came with one or two of them too. I like having siblings around to look up to, learn from and I think it would definitely benefit me in my training. Wrestling with my FURsister is one of my all time favourite things to do! I’ve met a few small dogs at the dog park and I’m unsure if I like them or not. I haven’t been tested around cats, but as long as they do not get in my face I don’t see it being a problem.
I like to play with my foster mom too but sometimes forget to change my play tactics and need to be reminded not to use my teeth/mouth on her arms/hands cause this seems to hurt her human skin. I do not bite hard, more just place my mouth and teeth over her arms and hands but with some training this will not be an issue.
It may be best for me to be in a home with older kids as it does take me some time to warm up to new people, therefore I need to be in a home with kids that respect my space and understand that I need to come to them at my own time. I should also mention that fast movements and as I’ve said before loud noises, such as screaming or yelling, might not be the best environment for me because I get scared.
Something I learned I really like doing is going for car rides. I must admit I do like to jump around so my foster mom thinks it’s best that I wear a harness and get strapped in for safety reasons. If I'm in the yard I also enjoy digging, I just want to see if there's anything down there!
Something I learned I don’t really like is the leash because of my past. I may pull, even with my harness on, but I’m hopeful that with patience and guidance I may come to change this behaviour. I also get frightened when walking by cars, bikes and random road/street noises; therefore, I prefer to walk on a trail in the woods or a park.
I’ve had the opportunity to meet a lot of off leashed dogs at a local dog park, we sniffed each other and move on, and no issues. However if the off leashed dog runs towards me aggressively and gets in my face, I tend to give them a little snap. Hopefully with more time and patience I will learn that they don't mean me harm and are just excited to say hi.
My foster mom currently works from home and I love her being home so much, she takes breaks with me to play inside and outside. She has left a couple of times for a few hours each time and I’m happy to report that I didn’t destroy anything, I did cry a little though. I haven't had any accidents inside since day 3 of being here, yay!
I don't love baths but with time this could change, but I loved being brushed and do not mind my nails being clipped. I sleep in bed with my foster mom and FUR-siblings. I’m an early riser and get exicted to wake up my foster mom to let her know that I need to go outside to do my business.
I’m great at eating and don't mind if humans or animals come around my food. I am however curious about what my foster FUR-sisters are getting in their food dishes, but l'm learning to leave them alone while they eat and mind my business. I do tend to counter surf for the human food though so best to keep clean counters.
I do not know many commands, I will need a lot of training in these areas...we can learn together? Another thing I’m working on is my barking, I tend to bark at everything and everyone that I can see while I’m inside or outside my foster home.
Are you my forever family?!
My adoption fee is a $400 donation to help save more dogs like me. I am spayed, vaccinated, microchipped, and I have all my doggy papers to come home to you! I also come with 6 weeks of pet insurance! You can apply for me at
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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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