The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: November 24th - December 1st, 2022
Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 147 (192, 124, 181, 169) *118
Sold: 96 (98, 87, 131, 91) *143
Sale To Listing Ratio: 65% (51%, 70%, 72%, 54%) *121%
Price Changes: 69 (70, 61, 85, 118) *38
Listings that went conditional/pending: 113 (143, 105, 125, 128) *169
Expired/Cancelled/Withdrawn: 123 (49, 54, 48, 112) *57
Total Active Halifax/Dartmouth Inventory: 1,207 (1,285, 1,269, 1,299, 1,280) +778
Absorption Rate in weeks: 12 (13, 12, 12, 12) *5
Single Family Home Stats
Active Single Family Home: 596 (635, 627, 640, 640) *239
Average Single Family Home List Price: $472,900 ($475k,$460k,$519k,$545k) *$475k
Average Single Family Home Selling Price: $471,000 ($470k,$454k,$512k,$541k) *$521k
Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 99%) *110%
Median Single Family Home List Price (6 mo): $459,900 ($460k,$450k,$460k,$460k) *$390k
Median Single Family Home Sold Price (6 mo):$477,000 ($480k,$485k,$490k,$499k)*$437k
Average Days on Market Single Family Home: 38 (31, 35, 31, 26) *19
Active Condos: 84 (97, 96, 99, 106) *49
Average Condo Listing Price: $367,450 ($425k, $486k, $455k, $455k) *$346k
Average Condo Selling Price: $361,250 ($429k, $479k, $441k, $449k) *$370k
Condo Sale to List Ratio This Week: 98% (101%, 99%, 97%, 99%) *107%
Median Condo List Price (6 mo): $394,900 ($395k, $390k, $390k, $387k) *$325k
Median Condo Sold Price (6 mo): $390,050 ($390k, $395k, $400k, $400k) *$340k
Average Days on Market Condos: 11 (23, 26, 22, 23) *13
Active Vacant Lots: 394 (412, 407, 415, 405) *372
Is it December already?? 2022 has definitely been an interesting one, with well defined peaks and valleys, with the latter continuing to press on as we close out the year. December is usually the break point for many, concentrating on the upcoming holidays to perhaps try again in the new year. The stats continue to reflect this trend with a massive cut in overall inventory, shrinking additions to weekly inventory, pending properties and sales, and one of the largest expired/cancelled/withdrawn weeks we have seen all year. Prices again took minor adjustments this week, but overall held steady. With the lacking inventory, buyers are having one last Christmas rush before the holiday break, but expect things to continue to slow down as the end of the year approaches, then pick up a bit in January until the white stuff flies.
Very interested to see how the overall stats shape up for 2022, and I will have you covered with a "year end wrap up" in January, so be sure to stop by and see just how much things changed this market year. Until then, couple more reports to close out the 4th quarter, so be sure to check back as we send 2022 into the books. Thanks for stopping by!
The Weekly "Adogtable"
Hi everyone, I'm Buster, a one year old, 25 lb, male Cur mix. I came all the way from Louisiana 5 months ago in hopes of finding my furever family in the beautiful Maritimes. My rescuers can't believe I am still waiting for someone to choose me as theirs as I'm a total love bug!!
I am currently living in Nova Scotia with a foster family that includes a few other dogs, and I love them all! I’m a happy-go-lucky guy with lots of energy. Sometimes older dogs may not like how energetic I am, but I just want to play! I like everyone I meet including kids, cats and other dogs. I think I’d love a young family that is active and fun. I am getting about 3-4 twenty minute walks a day here and that has helped resolve my energy needs, my house training issues and my chewing issues! As long as you can keep up with my schedule, everything should be fine. I have destroyed a couple screens in my foster home but that's not from chewing; it’s from jumping up to look out the window.
I love toys of all kinds and I’ll need some available for me to chew on. I also love the outdoors! I am still working on my house training and it is coming along great but I will only do my business on my walks so you have to keep up with that. 20 mins each time is fine though!
I don’t like being home alone, as you can imagine since my previous humans never did come back. In my new foster home, I do not like the crate. I will go in and be quiet, but you have to catch me and force me into it so I’d really prefer not to have to go in one if possible. My new foster mom thinks I would be fine, even in an apt, as long as I have toys to play with and a doggy playmate since I don't bark much.
Since I am very food motivated, I’ve learned some tricks like how to come when my name is called! This hasn’t been tested outside yet but you can see I’m a smart boy that is willing to learn new things. I also may take a stab at counter surfing when I first get there but a few no's and I'll learn pretty quickly that it's not allowed.
I’ve tried swimming and I really like it, I hope to do some more swimming and adventures with my forever family.
I would really love other canine fur siblings in my home, ones that match my energy level are preferred but definitely ones who will play with me. I do have some energy to burn and a few things to work on but my loving nature will shine through those as I love everything including life and it shows.
If you are an active person who enjoys the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet! If not, please, please, please share my story!!! I am the kindest, most lovable boy who deserves a forever family to call my own.
My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, 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
This "cuddly companion" is available through Save a Life 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
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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