The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: May 27th - June 3rd, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 272 (251, 250, 251, 261) *335
Sold: 183 (201, 245, 303, 269) *186
Sale To Listing Ratio: 67% (80%, 98%, 121%, 103%) *54%
Price Changes: 43 (35, 39, 39, 42) *91
Listings that went conditional/pending: 207 (223, 204, 267, 264) *280
Expired/Cancelled/Withdrawn: 50 (27, 40, 43, 79) *96
Total Active Halifax/Dartmouth Inventory: 978 (950, 971, 880, 917) +2,095
Absorption Rate in weeks: 4 (4, 3, 3, 3) *14
Single Family Home Stats
Active Single Family Home: 352 (325, 350, 290, 320) *1,120
Average Single Family Home List Price: $460,443 ($433k,$453k,$446k,$427k) *$377k
Average Single Family Home Selling Price: $515,205 ($490k,$508k,$494k,$480k) *$377k
Single Family Home Sale to List Ratio This Week: 112% (113%,112%,111%,112%) *100%
Median Single Family Home List Price (6 mo): $385,000 ($385k,$380k,$380k,$380k)*$325k
Median Single Family Home Sold Price (6 mo):$425,000 ($425k,$415k,$415k,$415k)*$325k
Average Days on Market Single Family Home: 21 (12, 14, 21, 12) *11
Active Condos: 83 (80, 78, 74, 90, 101) *165
Average Condo Listing Price: $353,195 ($378k, $424k, $378k, $336k) *$263k
Average Condo Selling Price: $385,389 ($391k, $436k, $397k, $369k) *$258k
Condo Sale to List Ratio This Week: 109% (103%, 103%, 105%, 110%) 98%
Median Condo List Price (6 mo): $319,900 ($319k, $305k, $305k, $305k) *$274k
Median Condo Sold Price (6 mo): $344,900 ($339k, $325k, $325k, $325k) *$273k
Average Days on Market Condos: 12 (42, 13, 16, 27) *36
Active Vacant Lots: 428 (425, 420, 406, 403) *675
Annnnnd we're back! With restrictions being eased, we have and will continue to see a climb in the inventory for at least the next few weeks (hopefully). Demand is still high however, so perhaps supply will be muffled by the bulk of buyers currently out there, dampening the impact. Some sellers decided to wait until now to list, just to keep the foot traffic lower and to tap into more buyers once the lockdown had ended, so I imagine there will be lots of options to divide the groups of buyers and give them a better chance at locking something up shortly. That is the hope for buyers anyways! Last week wasn't a great week for sales, but that could be because of the lockdown and the lack of availability out there, which reported sub 200 units for the first time in months! I don't imagine that to stay down though, especially now that things are starting to get back to business. Time to turn things around, 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"
My name is Chandler and I am a 4 year old, 45lbs collie mix boy. I came from Texas a few weeks ago and after settling into my foster home I'm ready to find my forever home!
On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so my forever family will find me!
I have really enjoyed being around dogs of all sizes since coming here! I tend to play follow the leader with them all around the house and really rely on them for guidance. I think having a friendly pup in my forever home would be very helpful!
I have met a few kitties and really paid no attention to them. I haven't met any kids and because of my timidness I think my ideal home would be adults only with more of a low key lifestyle. The more things going on, the more I feel the need to pay attention to; which can get overwhelming.
I was a little unsure walking around the neighborhood at first but after a few trips around I started to feel more comfortable. I wear my harness and am double leashed when we go for walks, foster mom said I walk very nicely 🙂
I like to chew on bones, watch TV and hang around just relaxing. I'm more a medium energy kind of guy. I love watching everything going on in the house and in addition to the dogs, I will also follow you from room to room to make sure I'm not missing out on anything.
Walking through doorways at first scared me but, with some encouragement to walk through, slowly I figured them out. Once I'd go through a few times, the hallways became my cat walk and now I prance through no problem!
Although I will follow you around, I do also keep my distance. I am a shy boy and it takes me a little more time than others to gain trust. Don't get me wrong I love a good scratch under the chin and pat on the head but just give me some time!
When left alone, I will paw at the door, whimper and let out some barks but will settle. I have behaved like a gentlemen when left out, and have not chewed on anything so I'd talk prefer not to be crated.
Good news for you! I am a dog and alarm clock all in one! Once I memorize your daily routine, mornings are started with my big eyes, wet nose and wagging tail, inching my way up to your face.
I get very excited to start my day with a bowl of food and a nice walk. When being fed I will sometimes wander off but a little reminder and I will come back and finish up. I am also so gentle and friendly with other dogs. If one comes along, I will kindly move out of the way to allow any other dog in to finish my meal.
The humans keep giving me toys and im not quite sure what they want me to do with them. I can be picky with treats but do enjoy loving words of encouragement and they help me build my confidence as well. I also learn quite quickly if you correct me for something I've done wrong, I just want to make you happy!
When getting into the car, I can be skeptical at first. I do best when my humans cheer me on and walk confidently up to it, then most times I will jump right in. On these rides I am a very good boy, sitting calmly and quietly in the back, taking in all the sights.
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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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