The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: April 6th-13th, 2023
Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 217 (260, 192, 165, 185) *337
Sold: 109 (128, 98, 85, 100) *181
Sale To Listing Ratio: 50% (49%, 51%, 51%, 54%) *54%
Price Changes: 53 (58, 55, 44, 54)*44
Listings that went conditional/pending: 128 (154, 132, 108, 110) *266
Expired/Cancelled/Withdrawn: 69 (69, 21, 29, 34) *38
Total Active Halifax/Dartmouth Inventory: 1,216 (1,180, 1,158, 1,130, 1,119) *655
Absorption Rate in weeks: 13 (12, 13, 13, 13) *
Single Family Home Stats
Active Single Family Home: 604 (584, 564, 552, 529) *245
Average Single Family Home List Price: $581,695 ($500k,$582k,$565k,$626k) *$504k
Average Single Family Home Selling Price: $585,361 ($553k,$582k,$567k,$627k) *$609k
Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *121%
Median Single Family Home List Price (6 mo):$489,900 ($490k,$480k,$480k,$480k) *$430k
Median Single Family Home Sold Price(6 mo):$485,000 ($484k,$476k,$475k,$475k)*$510k
Average Days on Market Single Family Home: 28 (24, 32, 27, 32) *7
Active Condos: 99 (92, 78, 79, 78) *52
Average Condo Listing Price: $491,516 ($425k, $437k, $435k, $481k) *$455k
Average Condo Selling Price: $487,158 ($427k, $440k, $487k, $416k) *$513k
Condo Sale to List Ratio This Week: 99% (101%, 101%, 102%, 101%) *113%
Median Condo List Price (6 mo): $399,900 ($400k, $400k, $408k, $410k) *$375k
Median Condo Sold Price (6 mo): $402,950 ($403k, $405k, $406k, $408k) *$421k
Average Days on Market Condos: 21 (32, 19, 10, 22) *5
Active Vacant Lots: 369 (370, 377, 368, 373) *241
Some more inventory padding was added to the market again week, despite the limited number of new listings that hit the market. Inventory continues its road to recovery, with stale listings starting to pad the overall numbers, giving new buyers to market some options to consider. Listing activity likely reported lower than average this week due to the Easter long weekend, and historically, the true "Spring" market arrives at this point. The expectation now is that we will continue to see listings come to market, with on a more frequent basis, where it will grow in numbers until late may / early June. That was the way our historic trend worked anyways, so it will be interesting to see if these usual patterns are revisited post pandemic market. Buyer activity was lacklustre again this week as well, but I can't help but consider the holiday for this report too. Now is the time to get down to it, so you can expect some reports with more substance in the near future, if we do get back to previous trends. Perhaps there is a new market on the way this year, which seems possible given the way things have reported. Only time will tell, and I have you covered, so be sure to stay tuned to the blog and stay informed! Thanks for stopping by!
The Weekly "Adogtable"
I'm Willow. I am an 8 month old, Golden Doodle lady weighing approximately 45lbs. I was surrendered to the rescue a couple weeks ago and am now ready to start the search for my forever home.
I haven't had any interaction with cats or kids while in care but my previous home had 2 young boys that I loved alot. I had a beagle brother previously but his play style and mine didn’t vibe. He was pushy and kind of a bully. I am learning to play with 1 y/o Cockapoo in my foster home who has a great temperament. We play-wrestle, share food and water dish and sleep in the same bed without any issues. I'm very responsive to positive affirmation.
I could definitely use more work on my leash skills. I pull when on walks and may bark at approaching dogs/people until they get close, then I settle down. My recall isn't great either but I'm still a puppy so lots to learn. I'm very food motivated and respond and listen well when I'm offered a treat so training should be a breeze with these tools.
I am a medium-high energy gal, I love having 1-2 hours of activity per day. 2 good walks per day and I like to run and chase a ball in a fenced in yard. I am completely housebroken with regular bathroom breaks outside. I'll let you know when I need to go outside. I love going in the car! I love looking out the window and exploring!
I'm not a chewer of furniture or house goods, although I will try to get into the garbage or pull items off the counter if you leave me alone in the house. I really do not like being left alone, I will cry for a while.
Even though I am fostered with another dog and we're getting along, I really could care less if other dogs existed. I would be happiest in a home where I can shine as the only pet, but am slowly learning how to play and socialize appropriately with my foster's dog. I'm ‘on alert’ whenever another dog is around and seem a bit unsettled, compete for my people's attention and sometimes I struggle with sharing treats, chew toys and attention.
I'm a good sleeper. I sleep in my foster parent's room with the door closed, either on the bed with them, or on the floor on a dog bed/blankets. I tend to bark whenever I notice any activity happening outside the window at home, or on walks when we’re approaching other dogs or people. I usually settle when my fosters speak softly to me and some distracting treats help too. I am not a picky eater. I tolerate baths but they're not my favorite thing. I don’t really understand what toys are for yet but I'm sure I'll eventually get the hang of it. I do sometimes want to take the toys away from my foster fur brother when he has them, maybe out of fear that they’ll be taken away from me.
This smart girlie has mastered ‘sit’ and ‘give paw’ very easily. I am eager to learn more tricks! I'm a very affectionate lady and love to snuggle up close and give kisses. I like being close by at all times and love laying my head on my humans. I love having the freedom to run around, chase a ball and I also get very excited at meal time! I'm goofy, playful and snuggly and sometimes stick my tongue out the side of my mouth when I'm happy!
I usually start my day with a walk around the block and bathroom break. Then in for yummy breakfast and play time—either chasing a ball or learning how to play tug on a rope. I love exercising my mind with a puzzle, snuffle mat or training session to get those extra treats. Then a mid-day nap next to my humans while they work. More walks or a run around the yard, then in for a treat filled Kong. Long evening walks after the workday are my favourite. Wind down time on the couch in the evening while the humans watch Netflix, then off to bed to settle in to my comfiest spot where I can stretch out and sleep through the night.
Anyone looking for a playful, super affectionate and sweet puppy would be so lucky to have me in their life! This happy-go-lucky girl would make an amazing family pet, I'm just missing a family! Are you that family?
My adoption fee is a $550 donation to the rescue to help save more dogs like me. I am spayed, 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 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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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