The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: June 10th-17th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 355 (368, 272, 251, 250) *350
Sold: 223 (206, 183, 201, 245) *245
Sale To Listing Ratio: 63% (56%, 67%, 80%, 98%) *70%
Price Changes: 57 (38, 43, 35, 39) *141
Listings that went conditional/pending: 269 (259, 207, 223, 204) *287
Expired/Cancelled/Withdrawn: 44 (50, 50, 27, 40) *39
Total Active Halifax/Dartmouth Inventory: 1,102 (1,054, 978, 950, 971) +2,068
Absorption Rate in weeks: 5 (5, 4, 4, 3) *10
Single Family Home Stats
Active Single Family Home: 435 (391, 352, 325, 350) *1,074
Average Single Family Home List Price: $420,074 ($448k,$460k,$433k,$453k) *$363k
Average Single Family Home Selling Price: $481,650 ($505k,$515k,$490k,$508k) *$363k
Single Family Home Sale to List Ratio This Week: 115% (113%,112%,113%,112%) *100%
Median Single Family Home List Price (6 mo): $385,000 ($386k,$385k,$385k,$380k)*$328k
Median Single Family Home Sold Price (6 mo):$430,000 ($429k,$425k,$425k,$415k)*$325k
Average Days on Market Single Family Home: 16 (12, 21, 12, 14) *38
Active Condos: 90 (90, 83, 80, 78, 74) *165
Average Condo Listing Price: $348,672 ($324k, $353k, $378k, $424k) *$295k
Average Condo Selling Price: $372,201 ($357k, $385k, $391k, $436k) *$295k
Condo Sale to List Ratio This Week: 107% (110%, 109%, 103%, 103%) 100%
Median Condo List Price (6 mo): $318,950 ($323k, $320k, $319k, $305k) *$274k
Median Condo Sold Price (6 mo): $345,000 ($349k, $345k, $339k, $325k) *$273k
Average Days on Market Condos: 13 (7, 12, 42, 13) *17
Active Vacant Lots: 442 (447, 428, 425, 420) *676
Another week of inventory gain, could it be? For the second week in a row, Halifax is reporting a solid property gain to the market, which was to be expected since restrictions have loosened. What was unexpected however, was the lack of buyer interest. The stats may be pointing to a sustained sellers market environment, however, there seems to be a bit of wind let out of the sails of said market, causing a bit of confusion for some, especially sellers. Of course, pending sales were solid again this week and sales also reported well, but for those in the trenches of this market, it just feels a bit different in the last couple of weeks. Good news for any buyers left that still want to get in, not so much for sellers looking to maximize their profits. I did also mention in previous posts that I predicted this lull would be brief while the border restrictions were sorted out, but now the question is will it return. Values across the board are still excellent, but they too hit a bit of a lull this week, reporting a touch lower than the current average for single family homes. Still, the market remains a lion, perhaps a napping lion at the moment, but surely that will change in the coming weeks. There are already rumours that some of the other big markets, like Ontario, are potentially seeing a cooling in their market, so it's not too much of a stretch to think that all markets are susceptible to taking a break, one that sellers are surely hoping isn't a long one. One can only wait and see, so be sure to stay on top of things by tuning into the blog to keep up to date with all things Halifax real estate!
The Weekly "Adogtable"
Hola Amigos! I’m Thor, a handsome four-year-old 60 lb Labrador-Mastiff mix from Mexico! My rescuers found me abandoned in a park in Puebla after having been attacked and wounded by another dog. I can’t believe how lucky I am now to be in Nova Scotia and so close to finding my FUR-ever family!
If you’re looking for a big snuggle bug that’s likes to play, look no further! I LOVE to cuddle and get pats, but I also LOVE to play (especially tug and ball chasing) and go on walks.
Speaking of walks, I’m still learning how to behave properly on a leash; I have a tendency to pull and occasionally jump up on cars when I see my reflection. Since I do enjoy my my walks, it would be beneficial for my FUR-ever family to help me learn proper leash manners so that we can both enjoy long walks together!
I’m very friendly with all the people I meet, but I can get a little bit too excited and try to jump on them. I also started to guard my foster mom from the kids, they are 13, 15, and 17. I have been responding to correction well with this issue but because of this i think I'd be happiest with adults only.
I haven’t had a lot of experience with other dogs since I’ve been in the Maritimes, but my rescuers thought that I could do well in a home with female dogs my size. I met a few dogs who were off leash at the beach and I was indifferent to them. In terms of cats, I do not have any experience living with them, but I’m definitely keen to chase them if I see one, so it would probably be best if I didn’t have feline siblings.
Housebreaking, indoor manners and basic obedience are all still a work in progress, but I am very eager to please! I have finally figured out if I tell them I have to go they will let me out!
I am also compelled to try and eat pretty much everything, that includes things on tables and counter tops, so a properly dog-proofed home would be safest for us all. I’ve learned how to “sit” but am still working on other commands.
I’m not too keen on being left home alone and can get into mischief (my foster mom caught me stealing a peanut butter jar off the table…). I do, however, love to go for car rides, so I’d love to come with you on your errands and adventures!
All in all, I do have some training needs, but I know that if my FUR-ever family is patient and consistent with me that I will learn everything I need to know! I promise to keep you motivated with endless cuddles!
Are you my forever family?
My adoption fee is a $350 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! 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
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!
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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