The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: January 21st - 28th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 219 (178, 189) *204
Sold: 163 (133, 98) *125
Sale To Listing Ratio: 74% (75%, 52%) *61%
Price Changes: 109 (67, 51) *62
Listings that went conditional/pending: 218 (152, 181) *163
Expired/Cancelled/Withdrawn: 38 (35, 67) *50
Total Active Halifax/Dartmouth Inventory: 1,025 (1,052, 1,075) +2,127
Absorption Rate in weeks: X (X, X) *X
Single Family Home Stats
Active Single Family Home: 398 (437, 441) *1,068
Average Single Family Home List Price: $492,546 ($435k, $469k) *$341k
Average Single Family Home Selling Price: $500,713 ($439k, $465k) *$340k
Single Family Home Sale to List Ratio This Week: 101% (101%, 99%) *99%
Median Single Family Home List Price (6 mo): $350,000 ($350k, $350k)*$315k
Median Single Family Home Sold Price (6 mo):$365,000 ($360k, $360k)*$309k
Average Days on Market Single Family Home: 39 (40, 59) *70
Active Condos: 103 (98, 98) *140
Average Condo Listing Price: $311,646 ($386k, $328k) *$241k
Average Condo Selling Price: $310,763 ($390k, $325k) *$236k
Condo Sale to List Ratio This Week: 99% (101%, 99%) 98%
Median Condo List Price (6 mo): $269,000 ($265k, $262k) *$250k
Median Condo Sold Price (6 mo): $272,000 ($270k, $270k) *$241k
Average Days on Market Condos: 109 (41, 119)*20
Active Vacant Lots: 410 (411, 430) *766
Slight increase in the condo numbers, but it wasn't the same story for single family homes that took another significant blow this week. Basically 60% fewer single family homes on the market right now compared to this time last year, so things are not looking any better for buyers at the moment. Even vacant land is seeing a surge of buyers, reporting in at almost half of the available options from this time last year as well. Vacant land was always a product that seemed to have lots of selection, but with builders filling up their subdivisions and private buyers snatching it up, land is also becoming a shrinking commodity. Pretty sure this is the first week that I have ever reported single family home sales averaging over $500k on a week as well. Speaking of values, the six month median single family home selling price also jumped $5k in a week, which is a remarkable jump in a week, especially given that the data is a collection of six month averages. And condos are also enjoying a value increase this week as well, posting gains in both average and median sales this week. Listings do continue to trickle to market, but are met with such demand that they hardly last the first week of listing. Less than half the inventory from last year, but more sales and higher accepted offers make the market environment super competitive. With inventory continuing its backwards trek as the year presses on, I can only guess what will happen should this trend continue as the busiest time of year approaches. You will have to stay tuned to the blog to find out! Thanks for stopping by, and stay safe out there!
The Weekly Adogtable!
Hi everyone! I'm Zeus. I am a very handsome 3yr old Boxer/Amstaff mix boy weighing in at approximately 55lbs. I was surrendered to a shelter in Texas because my family was about to have another baby and didn't have time for me anymore. So I decided to come to Nova Scotia with a few friends in search of a new forever home.
I never get tired of being with you whether it’s a long walk in the woods, playing tug with my toys, or nighttime cuddles; I simply like hanging out with you so if you work from home or aren’t gone all day that would be awesome.
I am a medium energy guy so several walks a day and some thinking games to keep my mind and body in tip top shape would be ideal. When I am happy, I am easily trainable. I already know the basic commands so we can work on some harder ones.
I watch my foster mama when she is getting my food ready, then when it is time, I sit and wait until she puts it down for me and says “ok” then I politely eat. No food or toy aggression here, you take it away, no big deal.
I have never messed in the house, not even once. I don’t chew your stuff but I may cruise the garbage cans for something that might be edible. I got caught one time peeking to see what was on the kitchen counter. So best to keep food out of my reach so I don't accidentally eat anything I'm supposed to.
I went for a walk with one exuberant puppy which I completely ignored, but when I went to the dog park, two beagles barked at me from the other side of the fence. I growled at them and my fur was up. Maybe I'm dog selective.
A quiet adult home with not a lot of comings and goings would make me the bestest boy cause I am unsure of new people until I get to know them. Slow and controlled introductions to people is the only way for me but once I trust you, I am all in and will be your best friend forever.
When I am walking in town on a short leash, I walk like a rock star; on the left, not pulling, can sit and wait at stop lights. I watch my foster mama for direction and she gives me treats in return. Walking in town makes me a bit nervous with the people close by and traffic so I started wearing a muzzle and I tolerate it. Maybe once I get use to it, I will ignore the muzzle. When I walk on a long leash in the woods, I pull to get to every spot that a critter may be hiding. Don’t let me off leash in the woods cause I will chase everything that moves - it’s so exciting! I haven’t met cats but I have seen chickens up close. Oh ya, I think I would like to see how fast they run. So probably best to be cat free.
I have been good for the few short times I have been left alone. I use to whine but then I figured out you are coming back and I stop. I do bark if someone is in the yard. I was in a crate during transport and I hated it so no crating for me as this will bring out the not so flattering side of my personality. I do love car rides cause it means we are going somewhere together and I have no problem riding in the back seat checking out the sites.
My foster parents have trimmed my nails with ease and gave me a bath. I have never been in a tub before so it was weird but I was very good.
If you think my charming personality is a fit for your family, fill out an application and tell my rescuers you want to be my forever family. I won’t disappoint you!!
My adoption fee is a $400 donation to help save more dogs like me. I am neutered, vaccinated and microchipped, and I 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 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah