The Halifax Real Estate Blog Weekly Market Rant and Statistics Update by Jeremiah Wallace of VIewPoint Realty: January 28th - February 4th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 214 (219, 178, 189) *246
Sold: 171 (163, 133, 98) *114
Sale To Listing Ratio: 80% (74%, 75%, 52%) *46%
Price Changes: 67 (109, 67, 51) *67
Listings that went conditional/pending: 201 (218, 152, 181) *167
Expired/Cancelled/Withdrawn: 54 (38, 35, 67) *88
Total Active Halifax/Dartmouth Inventory: 972 (1,025, 1,052, 1,075) +2,144
Absorption Rate in weeks: 7 (X, X, X) *21
Single Family Home Stats
Active Single Family Home: 373 (398, 437, 441) *1,092
Average Single Family Home List Price: $443,297 ($493k, $435k, $469k) *$352k
Average Single Family Home Selling Price: $454,394 ($501k, $439k, $465k) *$338k
Single Family Home Sale to List Ratio This Week: 103% (101%, 101%, 99%) *96%
Median Single Family Home List Price (6 mo): $350,000 ($350k, $350k, $350k)*$315k
Median Single Family Home Sold Price (6 mo):$365,000 ($365k, $360k, $360k)*$309k
Average Days on Market Single Family Home: 39 (39, 40, 59) *67
Active Condos: 101 (103, 98, 98) *143
Average Condo Listing Price: $297,676 ($312k, $386k, $328k) *$271k
Average Condo Selling Price: $298,752 ($311k, $390k, $325k) *$265k
Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%) 98%
Median Condo List Price (6 mo): $269,450 ($269k, $265k, $262k) *$250k
Median Condo Sold Price (6 mo): $272,250 ($272k, $270k, $270k) *$242k
Average Days on Market Condos: 50 (109, 41, 119)*60
Active Vacant Lots: 394 (410, 411, 430) *764
Reaching critical levels here, so the hope is that some inventory will start to kick up sooner than later. This week takes yet another blow to the inventory count, taking the Halifax real estate inventory count below the 1,000 unit mark, continuing the march in the opposite direction of annual trend. Single family homes continue to take the brunt of the impact, but the inventory vacancy is certainly being felt across all tracked products these days. The absorption rate makes its return this week, and picks up right where it left off last year, reporting in at three times less than last year at this time, which is incredibly low given the time of year. You can feel it in the market though. Every listing has elevated showing appointments, and multiple offers are practically guaranteed in most areas and products across HRM. Buyer frustration is at an all time high, simply because there is not a lot of options, and when there is, it's a bidding war! Because of the extreme overbids at certain price points, it has really forced buyers to reconsider their entry into the market, and adjust expectations/budgets etc. Some are simply being priced out as selling prices continue to surge. Really is dire straights out there for buyers, and if you have considered selling, now would be a good time to think about it seriously. I may also know someone who could help you out in that department as well ;) Interesting times indeed, but we need more inventory in HRM! Stay tuned to the blog to stay on top of this dynamic and rapidly changing market, stay safe out there, and thanks for stopping by!
The Weekly Adogtable!
Hi everyone! My name is Chocolate and I am a 2 years old, 40lbs, pitty mix boy. I came from Texas a few weeks ago and am adjusting really well to the Canadian life so I think I'm ready to find my forever home!
I have two cats in my foster home, I am a bit interested in them, sometimes when I see them I will run and bark. I am still a puppy and between my mouthing behaviour and energy I think older kids would be best for me, so I don't accidentally hurt someone or scare a child.
I do not live with another dog currently, but lived with 15 other dogs in Texas and am very excited and jumpy when I see another dog on walks, I really want to play! My foster family thinks another dog that matches my energy, size and jumping style would be good for me.
I am very comfortable meeting new people, it usually involves a wagging tail and occasionally jumping up. I like to people watch through a window as well, and will growl and bark to let you know someone is there so apartment living or a busy street might not be the best.
My foster family says I am a high energy dog that requires mental stimulation as well as walks, I love the fenced in yard! I work on commands for my breakfast and dinner, I also use a slow feeder rolling ball as I inhale my food too quickly. Once I have my energy out I am happy to settle and sleep on the couch or floor.
I am working on commands and currently know sit, paw, down, spin, leave it (most of the time) and through my foster mom's legs. I don't really pull on walks unless another dog or something exciting is happening. I also have shown no resource guarding and with the "leave it" command my family can take away toys, bones, and things I'm not supposed to have.
I am good in the car, and like to sleep on the co-captains lap, but have also sat in the back well. I have no problems with my foster family touching my paws, trimming my nails, or touching my teeth.
My foster family said I also have to share the things we're working on. I have a lot of puppy energy and behaviour, this means I mouth a lot at your hands and feet if I have lots of energy and am excited. I like to chase and jump up if you're running around so I should be redirected with a toy, some commands and treats. I am also a big chewer and need things to keep me busy like Kong's, deer antlers and bones or else I might decide your blanket is really tasty!
As well I don't like when my person leaves my eye sight or goes to work, so I'd love it if someone was home more than not with me. I'm not crate trained where I feel comfortable going in and enjoy it, but will settle after awhile. I have been left outside of a crate for about 4 hours alone with a frozen peanut butter Kong and chew toys and I did well.
I might also enjoy living someplace not busy like the city, as I was at first nervous on walks even passing driveways, moving vehicles, and people in a calm subdivision outside of the city.
If you think you are the right fit for me and are ready for a lifetime of cuddles and snoring you can apply below!
My adoption fee is a $400 donation to help save more dogs like me. I am neutered, vaccinated, microchipped, and I have all my doggy papers to come home to you! 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
LET ME HELP YOU OUT!
Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!
Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.
Newest Blog post HERE
Comments are closed.
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