The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: March 31st - April 7th, 2022
(Previous week numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 386 (263) *420
Sold: 199 (149) *239
Sale To Listing Ratio: 52% (57%) *60%
Price Changes: 41 (18) *41
Listings that went conditional/pending: 227 (200) *260
Expired/Cancelled/Withdrawn: 55 (37) *57
Total Active Halifax/Dartmouth Inventory: 675 (577) +988
Single Family Home Stats
Active Single Family Home: 265 (215) *418
Average Single Family Home List Price: $502,295 ($499k) *$409k
Average Single Family Home Selling Price: $600,000 ($611k) *$463k
Single Family Home Sale to List Ratio This Week: 120% (122%) *113%
Median Single Family Home List Price (6 mo): $429,459 ($425k) *$380k
Median Single Family Home Sold Price (6 mo):$504,475 ($499k)*$396k
Average Days on Market Single Family Home: 7 (9) *11
Active Condos: 60 (37) *90
Average Condo Listing Price: $503,073 ($386k) *$432k
Average Condo Selling Price: $525,000 ($471k) *$453kk
Condo Sale to List Ratio This Week: 104% (122%) *105%
Median Condo List Price (6 mo): $369,900 ($370k) *$300k
Median Condo Sold Price (6 mo): $419,500 ($405k) *$316k
Average Days on Market Condos: 29 (9) *30
Active Vacant Lots: 242 (233) *361
Likely the largest gain in inventory in a single week, and addition of new listings of the year! Finally, some much needed additions to the inventory has buyers hopping, and hopeful that more are on the way! You could see a lot more blue icons on our map this week (indicating active), and quickly checking on various buyer metrics, it appears that the options have decreased individual listing activity. Interest is still there, but the buyer pool had a lot more to choose from this week, dividing attention among the options. Even still, don't expect to pay sticker prices on listings quite yet, with the overbid amounts baked into the market, it has become an expectation... for now. It has been noticed that a few price reductions around the city have happened in the last week or so, and there has also been a few listings that sold at or slightly over asking price, which has been extremely uncommon in the last year. Eerily close in stats to this time last year, which is a good sign since the we have been all of the same buyer activity with half of the inventory. Could this be it? Could we be heading towards a levelling market, or is this just the regular annual Spring market trend? What will be the impact of the new taxes mentioned last week? Stay tuned to the blog to find out, and thanks for stopping by!
The Weekly "Adogtable"
Our names are Pixie (11 years old, female, 17lbs) and Weavel (7 years old, male, 14lbs) and we are a senior bonded chihuahua mix pair! We started our journey in Texas a few years ago, we thought we found our forever home but it turns out they weren't the ones 😔 we are now hoping this time will be the last!
Life can really suck you know. It hasn’t been kind to me, I’m Weavil and I am the perfect example of how resilient a dog can be. My journey started in a kill shelter in Texas, I was homed, and then came back into foster care several months ago. I am diabetic. My sugars have been stabilized by two tiny shots of insulin a day. Insulin needles are small and sharp, I barely notice them, foster mom even stabbed herself once, and she agreed, not so bad. Unfortunately the other side effect of my diabetes is my vision, my diabetic cataracts make it harder to see now. My foster mom tells me not to worry because my vision loss doesn’t make me any less loveable. I love my foster family very much and will whine and wiggle when one of them comes home. In fact I will crawl right up your body to get the hugs I deserve. I am a little leary of strangers, I might bark a bit, but not aggressively. I also love my sister Pixie, we are a bonded pair and hope to stay together forever, she is a sweet little Texas belle.
I have a very good appetite, and am very food motivated. This is a small issue in my foster home, they already have a full house, people and critters. I can get a little snappy at food time when everyone is going crazy, so my foster mom separates us, so everyone gets along. The same dogs that I see as competition in the food fiasco are the dogs I might be snuggling with later. I will let out a warning growl to them to know what’s coming, so it is easy to avert. My sister and I never fight, we will even share with each other. In this regard it would make it easier on us if we were the only dogs. The cat is a non issue for me, she doesn’t like dog food. Pixie or the other hand she is curious about the cat so we think it'll be easiest if there are no kitties in our forever home either.
We do just fine when left home alone as long as there is a cozy place to snuggle up in together. We would really love it if you let us sleep in your bed with you at night but we will sleep in our bed close by as well.
Our perfect home would be a quieter one, we haven't met many kids but think we would prefer an adult only home to enjoy some easy senior years! Easy access to an outdoor space would be ideal. It could be a deck or yard. Even with my vision loss I will get around and do my business outside if I have a safe place to explore. We are house trained if you keep us on a schedule and watch our cues. We will walk on a leash, but we don’t need to do marathons for sure. We don’t mind the car, or the vet. If you want company and someone to share your space with, love you and make you feel special, we are your perfect pets.
Do you think we'd be a good match?
Our adoption fee is a $300 donation to the rescue to help save more dogs like us. We are spayed and neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all our doggy papers to come home to you! You can apply for us at https://form.jotform.com/60895241776264
This "cuddly companion" is available through the Save a Life Canada Animal Rescue, 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.
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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