The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: May 13th-20th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 250 (251, 261, 296, 378) *251
Sold: 245 (303, 269, 301, 296) *132
Sale To Listing Ratio: 98% (121%, 103%, 102%, 78%) *53%
Price Changes: 39 (39, 42, 59, 60) *61
Listings that went conditional/pending: 204 (267, 264, 346, 358) *195
Expired/Cancelled/Withdrawn: 40 (43, 79, 48, 44) *38
Total Active Halifax/Dartmouth Inventory: 971 (880, 917, 994, 1,031) +2,115
Absorption Rate in weeks: 3 (3, 3, 3, 4)*17
Single Family Home Stats
Active Single Family Home: 350 (290, 320, 364, 407) *1,039
Average Single Family Home List Price: $453,045 ($446k,$427k,$419k,$413k) *$377k
Average Single Family Home Selling Price: $507,646 ($494k,$480k,$477k,$463k) *$373k
Single Family Home Sale to List Ratio This Week: 112% (111%,112%,114%,112%) *99%
Median Single Family Home List Price (6 mo): $379,900 ($380k,$380k,$380k,$380k)*$324k
Median Single Family Home Sold Price (6 mo):$415,000 ($415k,$415k,$411k,$401k)*$320k
Average Days on Market Single Family Home: 14 (21, 12, 14, 20) *63
Active Condos: 78 (74, 90, 101, 106) *153
Average Condo Listing Price: $424,278 ($378k, $336k, $280k, $329k) *$275k
Average Condo Selling Price: $435,582 ($397k, $369k, $348k, $355k) *$270k
Condo Sale to List Ratio This Week: 103% (105%, 110%, 124%, 108%) 99%
Median Condo List Price (6 mo): $304,900 ($305k, $305k, $303k, $310k) *$265k
Median Condo Sold Price (6 mo): $325,000 ($325k, $325k, $325k, $325k) *$260k
Average Days on Market Condos: 13 (16, 27, 10, 11)*68
Active Vacant Lots: 420 (406, 403, 412, 397) *693
Just when you think things are looking worse for buyers out there, a big dump of inventory hit the market this week with one of the largest gains in one week that we have seen in months. Single family homes and vacant land are the largest contributors to the increase, with condos tossing in a small addition to the pile. No obvious reason for the increase really. There was a good amount of listings that went active this week, as well as sales, but the big note was the buyer activity with only 204 listings under agreement this week, which is definitely down since the start of the lockdown and the lowest we have seen in months. Perhaps the border restrictions and non-essential movement request has slowed the market, which seemed quite immune to the lockdown in previous weeks but as I mentioned in a previous post, it would take a couple weeks for the change to occur since there was residual activity in process when the lockdown occurred. There has been some confusion and disappointment with border restrictions, especially for people who have purchased a home prior to the lockdown but had a closing date during or it. Fortunately, there has been some leeway granted where there was no option for these folks earlier, which definitely seemed like the right play. See HERE for exemptions during this time.
Still, the market is in great shape for only essential activity happening, I can only imagine what things will look like on the other side of it! Only time will tell, so stay tuned to the blog to stay on top of the rapidly changing market! stay safe out there, and thanks for stopping by!
The Weekly "Adogtable"
Howdy y’all! I’m Becky, a 2-3 yr old, 43 lb boxer mix gal from Texas! My rescuers found me abandoned on a busy road in poor condition, covered in ticks and mange, but despite this I’ve stayed happy as a clam at high tide and am SO EXCITED to find my FUR-ever home here, in Atlantic Canada!
I currently live with my foster mom, dad and older FUR-sister, and we get along just fine! My FUR-sister is really calm and easy-going, but sometimes I wish she would be a little more rambunctious like me. I met the neighbour's dog tucker, he is about 3 times my size but we got on well and we definitely wanted to play!
I have only seen cats and kids in passing but I've been a very good girl with my foster family and we agree I would probably be good with older kids.
New places bring new smells and I want to discover them all! As a result, I will pull sometimes on my leash, but I’m really good for the most part. I’m also housetrained, though I did have two accidents in my foster home, but they were not my fault (I promise!).
My foster family has also been helping me with confidence training and I really like that, so it would be great if my FUR-ever family was willing to continue to teach me new things!
I’ve been getting really spoiled in my foster home with delicious treats like banana and dehydrated beef lungs! I’m not a picky eater, I’ve been please with my kibble, but I mostly can’t wait to find out what other delicious treats are out there! I have no problem if someone touches my food or toys when I'm there as well.
If you love to cuddle, we will get on well! My foster family has allowed me to sleep in their bed at night, which I enjoy, if you are ok with that. I think I'd rather my forever humans to be home more than, I can't help but whine the whole time if my foster family is somewhere I can't reach them. I haven't touched things I'm not supposed to but those stuffed animals have a harder time staying intact with me.
So, if you are looking for a happy-go-lucky, energetic and loving pup to join your family, look no further! I’m ready to (literally) wiggle my way into your heart!
Are you my forever family?
My adoption fee is a $400 donation to help save more dogs like me. I am spayed, 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 her 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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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