The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: March 30th - April 6th, 2023
Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 260 (192, 165, 185, 198) *386
Sold: 128 (98, 85, 100, 84) *199
Sale To Listing Ratio: 49% (51%, 51%, 54%, 42%) *52%
Price Changes: 58 (55, 44, 54, 55)*41
Listings that went conditional/pending: 154 (132, 108, 110, 107) *227
Expired/Cancelled/Withdrawn: 69 (21, 29, 34, 44) *55
Total Active Halifax/Dartmouth Inventory: 1,180 (1,158, 1,130, 1,119, 1,096) *675
Absorption Rate in weeks: 12 (13, 13, 13, 13) *
Single Family Home Stats
Active Single Family Home: 584 (564, 552, 529, 525) *265
Average Single Family Home List Price: $549,921 ($582k,$565k,$626k,$541k) *$502k
Average Single Family Home Selling Price: $552,962 ($582k,$567k,$627k,$537k) *$600k
Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 99%) *120%
Median Single Family Home List Price (6 mo):$489,700 ($480k,$480k,$480k,$480k) *$429k
Median Single Family Home Sold Price(6 mo):$483,500 ($476k,$475k,$475k,$475k)*$505k
Average Days on Market Single Family Home: 24 (32, 27, 32, 31) *7
Active Condos: 92 (78, 79, 78, 78,) *60
Average Condo Listing Price: $425,200 ($437k, $435k, $481k, $420k) *$503k
Average Condo Selling Price: $427,176 ($440k, $487k, $416k) *$525k
Condo Sale to List Ratio This Week: 101% (101%, 102%, 101%, 99%) *104%
Median Condo List Price (6 mo): $399,900 ($400k, $408k, $410k, $410k) *$370k
Median Condo Sold Price (6 mo): $402,950 ($405k, $406k, $408k, $405k) *$420k
Average Days on Market Condos: 32 (19, 10, 22, 23) *29
Active Vacant Lots: 370 (377, 368, 373, 365) *242
Market activity picked up a bit this week, with the highest count of new listings and a pretty decent sales report as well! Buyers were out again this week in full force, and it does feel like the Spring market has finally arrived here in Halifax. Values for both tracked products reported averagely this week, with the exception being the six month median list and selling prices, which had a surprisingly large uptick. The early year market surge lended to the quick recovery of sliding values and slumping sales, and while most activity is notably lower than this year at this time, the big takeaway is the rebound of the down prices. Speculators have been waiting for signs of the bottom, and as reported here last month, it did seem the slide had stopped and prices stabilized. The end of last month and this first week of April have somewhat confirmed this, but anything can happen in this market! Seems a few other markets are starting to recover across Canada, which could further strengthen ours, so it will be interesting to see how this impacts us. Still lots of Spring market to go, and I have you covered! Be sure to stay tuned to the blog and stay informed. Thanks for stopping by!
The Weekly "Adogtable"
My name is Callen. I am a 6 yr old, 17lb, chihuahua mix lady. I came from Texas before Christmas and am now starting the search for my forever home.
I am a very timid girl who takes great comfort in other dogs. Any forever home will definitely need to have another dog. I am respectful of “dog rules” and draw comfort from the pack, dogs first, people second. I haven't met any cats so not sure what I'd think of them. As far as kids go, no thanks...too noisy and unpredictable for this girl. Although I am very shy, I haven’t shown any aggression towards anyone but my foster family does give me my space.
I am not leash trained. My fosters have been working on it without success. A leash is an annoying, useless accessory in my eyes. Although I will tolerate it being attached, that’s as far as it goes. I go into instant flight mode when pressure is applied. Maybe once my confidence builds, it will get better. When I'm outside, I am uncomfortable and am always trying to find a way back inside to safety. Maybe I'm just an indoor type of gal. Even with my foster parents who I've been with for a couple months, if I ever got off leash, I would probably run.
I believe once leash trained/comfortable outside I would probably benefit from and enjoy some outside physical activity in daily walks, but I am also very content to lay about.
I know my name, working on recall and I will come most of the time when called depending on what obstacles are in my way. With treats involved, the success rate goes up.
I use a pee pad with zero issues. Once some leash work is complete I believe the transition to outside potty would be pretty seamless as I am a very smart dog. I am treat and canine motivated. I follow my foster fur sibling almost everywhere. I will also stay close to my foster mom sometimes. As long as there are no visitors in the house, I have no issue relaxing with the family.
I do not have separation anxiety nor am I crate trained. I prefer to sleep in a dog bed beside my humans bed, or in the living room or office. I do like the bed and will sneak on during the day or when they are out, but I need stairs to get on/off and I am uncomfortable with being that close to my humans while I'm sleeping. I am not destructive when left alone with free reign of the house. I may snoop when I'm bored so something mentally stimulating would help if you're gone...Kong, food ball, snuffle mat, etc.
I will bark with unexpected quick moves/noises. I will also bark at men, but I'm not aggressive, just telling them to keep their distance. I am not a picky eater but don't panic if you don't see me eat. I prefer to do that when everyone is asleep.
I don't like baths but I think I tolerated it like a champ. I have shown some interest in toys so I believe, in time, I'll get the hang of them. My tolerance of people has improved since I arrived, however I am still very wary of people in general and will not seek out physical affection.
To sum me up, I am a wonderful girl who would do excellent in a home with another dog and owners willing to put the time in to acclimate me to life in a household. I would not recommend a home with children due to noise/activity but older teens would probably be fine. I have a slight aversion to men, but nothing that can’t be worked past, I have not been aggressive. In the short time I have been here, I have adjusted at a slow and steady pace, and am now seeking out a family to further build that trust and a strong relationship with. I am a very intelligent dog and have a willingness and want to be part of a family, but struggle due to my past experiences. Are you the one to help me with this?
My adoption fee is a $450 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