The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: July 23rd - 30th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 295 (321, 341, 349, 312) *270
Sold: 221 (258, 218, 234, 257) *198
Sale To Listing Ratio: 75% (80%, 64%, 67%, 83%) *73%
Price Changes: 98 (131, 86, 122, 79)*167
Listings that went conditional/pending: 271 (291, 257, 312, 286) *204
Expired/Cancelled/Withdrawn: 22 (59, 55, 60, 110) *134
Total Active Halifax/Dartmouth Inventory: 1,888 (1,908, 1,921, 1,908, 1,941) +3,263
Absorption Rate in weeks: 8 (8, 8, 8, 8) *17
Single Family Home Stats
Active Single Family Home: 961 (991, 1,008, 1,007, 1,015) *1,858
Average Single Family Home List Price: $362,701 ($364k,$403k,$397k,$384k) *$338k
Average Single Family Home Selling Price: $365,526 ($369k,$405k,$397k,$383k) *$328k
Single Family Home Sale to List Ratio This Week: 101% (102%,100%,99%,100%) *97%
Median Single Family Home List Price (6 mo): $329,900 ($330k,$330k,$330k,$330k)*$300k
Median Single Family Home Sold Price (6 mo):$334,000 ($333,$333k,$330k,$330k)*$290k
Average Days on Market Single Family Home: 46 (38, 59, 40, 56) *51
Active Condos: 151 (156, 157, 160, 155) *213
Average Condo Listing Price: $231,921 ($269k, $312k, $290k, $328k) *$250k
Average Condo Selling Price: $232,771 ($270k, $309k, $288k, $326k) *$244k
Condo Sale to List Ratio This Week: 100% (100%, 99%, 99%, 99%) 97%
Median Condo List Price (6 mo): $272,500 ($273k, $280k, $275, $280k) *$250k
Median Condo Sold Price (6 mo): $270,000 ($270k, $278k, $273k, $273k) *$241k
Average Days on Market Condos: 24 (80, 80, 50, 53)*38
Active Vacant Lots: 607 (596, 594, 592, 662) *937
Looks like Sellers may have taken advantage of the heatwave across the province this week, as there was a bit of a vacancy in that category. Still a few more than last year at this time, but we have been reporting over 300+ new additions over the last month or so. Perhaps the late Spring market has caught up and we are on the other side of the peak now, but someone needs to tell the market that however since it's like the weather...hot! Buyers may have taken advantage too, since there was a little less buyer activity this week, but it wasn't significant. One thing that has been noticed is the injection of relocations in the past week. Looks like government workers are getting their shipping orders finally, so that may bring on the second surge of market activity with this new injection of buyers coming from across Canada now. Once the Atlantic bubble has been burst, you can expect this impact to increase that much more. So prepare for the long haul with this market, as I don't think our growth is even close to finishing. Once the rest of Canada realizes we are one of the best places to bubble, expect even more properties to fly off the shelves. The Secret is out, Nova Scotia is the place to be! Stay tuned to the blog to stay on top of our rapidly changing market, stay safe our there, and thanks for stopping by!
The Weekly Adogtable!
Hi guys! My name is Winnie and I am a 6 year old female pug weighing around 25-30lbs. I came into the rescue a few weeks ago as a local surrender and am finally coming to you here to find my forever home!
I get along with the neighborhood small/medium dogs, cats! I have met a few cats outside and after a few sniffs we both part our separate ways. I haven't met any large dogs and I was hesitant with the medium size ones so my size or a bit bigger would be fine. I don't really bother with other dogs though when we are together but I am still a good girl when around them.
I have met kids as young as 1 year old and I was a very good girl. I love the attention I get from the kids but who wouldn't?! Just means more pets for Winnie girl!
I might be a few pounds overweight, shhh, but my cute couch potato self has been working on increasing my stamina. I don't really like the really hot days and would prefer to go for walks in the early morning and late evening when things have cooled down! I struggle with stairs but am now able to do a set of 3 stairs with encouragement, so baby steps for now!
I am house trained and can go all night without incident, yay! I am much quicker to do my business when off-leash so if my family had a fenced yard that would be nice but not needed. I also like to scoot my bum after going to the washroom to tidy up like the lady I know I am.
I will occasionally play fetch but I don't really have much interest in toys otherwise. I will pretty much take to anyone as long as you are willing to give me attention and some good pets! I am not destructive, I might shake the odd blanket when I get excited but nothing is destroyed!
I am happiest when I am with my people! I prefer not to be alone, so if you walk to a different room you can be sure I won't be far behind. I am hoping my forever home will have someone around most of the day so I don’t have to be alone. I also like to sleep in the same room as my humans so I hope you'll let me be close ❤
I eat special food for urinary health and I don't mind it. I have no food insecurities and will casually pick away at my food throughout the day. Don't let my height fool you though I will still try to see what's up on the counter if you've left anything yummy there.
I do shed quite a bit but with frequent brushing it seems to be kept under control. I will tolerate baths, but would prefer to stay dry at all times. The car is not my favorite place to be, and it can take me a while to calm down after going for a drive. I can also be quite noisy with lots of grunts, snorts and pants. I will only bark/howl/cry if you leave me alone though.
Am I your forever girl?! ❤
My adoption fee is a $350 donation to help save more dogs like me. I am spayed and microchipped, and I have all my doggy papers to come home to you! You can apply for me at https://www.salcars.ca/adopt.
This "cuddly companion" is available through Save a Life Canada 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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Newest Blog post HERE
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