The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: September 15th-22nd, 2022
Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 218 (235, 189, 194, 208) *223
Sold: 125 (105, 112, 129, 109) *186
Sale To Listing Ratio: 57% (45%, 59%, 67%, 52%) *83%
Price Changes: 111 (114, 84, 113, 97) *56
Listings that went conditional/pending: 148 (140, 127, 141, 152) *223
Expired/Cancelled/Withdrawn: 60 (67, 97, 101, 53) *48
Total Active Halifax/Dartmouth Inventory: 1,340 (1,335, 1,312, 1,298, 1,327) +1,099
Absorption Rate in weeks: 11 (12, 10, 10, 9) *6
Single Family Home Stats
Active Single Family Home: 705 (706, 679, 662, 677) *424
Average Single Family Home List Price: $525,786 ($543k,$475k,$483k,$501k) *$424k
Average Single Family Home Selling Price: $521,123 ($539k,$475k,$489k,$500k) *$459k
Single Family Home Sale to List Ratio This Week: 99% (99%, 99.5%, 101%, 99%) *108%
Median Single Family Home List Price (6 mo): $459,900($460k,$460k,$460k,$460k) *$380k
Median Single Family Home Sold Price (6 mo):$515,000 ($521k,$521k,$525k,$525k)*$430k
Average Days on Market Single Family Home: 24 (21, 22, 18, 16) *19
Active Condos: 103 (94, 90, 91, 97) *71
Average Condo Listing Price: $444,884($400k, $337k, $355k, $395k) *$342k
Average Condo Selling Price: $452,944 ($388k, $340k, $359k, $395k) *$370k
Condo Sale to List Ratio This Week: 102% (99%, 101%, 101%, 99.9%) *108%
Median Condo List Price (6 mo): $379,900 ($375k, $375k, $385k, $390k) *$320k
Median Condo Sold Price (6 mo): $410,500 ($413k, $420k, $425k, $430k) *$341k
Average Days on Market Condos: 16 (46, 23, 22, 26) *9
Active Vacant Lots: 386 (389, 388, 384, 384) *474
The overall inventory numbers continue to breakaway from the record lows reported last year, with Single Family homes leasing the charge! Available vacant land is still reporting lower than this time last year, but to be fair, it seems land has hovered around the high 300's for sometime. It took quite a while to reach the heights that it did a few years ago, so it's no surprising that new land listings are not flooding to the market right now.
Bit of a ho-hum week as most stats are reflecting similar activity to last week, with a few small adjustments in favour of a balancing market. Oddly, the absorption rate shed a week this week after gaining two last week, but that was a significant gain in such a short time so it's not surprising that there was a small bounce back.
I imagine numbers may report a bit on the weaker side of things with the approaching storm, as folks hunker down and hit pause on the property front. Grab the storm chips, it's might be a doozy! Stay safe out there, and thanks for stopping by!
The Weekly "Adogtable"
My name is Stowy. I am a male, weighing in at 5.5 lbs and was born July 3rd, 2022. I’m now ready to start the search for my furever home. I can't wait to find it!!
My mom was a rescue brought to Nova Scotia from Egypt a few months ago. Unbeknownst to everyone, she brought a stowaway with her, hence my name Stowy. My mom weighs 11lbs and was dna tested with embark and it came back as 100% Eastern European Village Dog and my dad is unknown so how big or how small I'll be full grown is a mystery.
I haven't met any dogs other than my mom but I sure love to play with her so I think I would be good with other dogs as long as I had a proper introduction and they were gentle with me because I'm just a tiny boy. I love my humans so much that when they come home I wiggle my tail so hard my whole body shakes. I love to give them kisses and nibble their ears sometimes even though my foster mom is teaching me not to bite. I am a playful puppy and sometimes I get into things that I'm not supposed to, so I will need someone that can take the time to carefully watch me and make sure I am not eating, chewing or playing with something that I am not supposed to be.
I’m new at doggy life so I have a lot to learn. I am learning to pee and poop outside but I still have some accidents inside. I enjoy my kibbles at meal time but my foster mom is still mixing it with some wet food .
The few times I have got to go for car rides, I was a very good boy. I didn't even whine.
My 1st visit at the vet went really well but he did note that my bite is a bit off with my molars. Right now, it's not a cause for concern but it may be something that needs reevaluated in the future.
I am still a puppy so I have alot to learn; leash manners, not to chew things I shouldn’t, more socialization, overcoming separation anxiety, recall, housetraining, enjoying new things like car rides, etc. I am the sweetest little boy wanting to learn all there is to know about being a good dog.
In short I am a puppy who requires lots of time and patience to be the best big boy that I can be. It also means that I will be a 10-20 year commitment for my future forever family.
If you have the time, patience, and are committed, then I could be the handsome boy for you!!
My adoption fee is a $550 donation to the rescue to help save more dogs like me. I have had my first set of shots but set 2 and 3 at 12 and 16 weeks will be the responsibility of my adopter. I am much too young to be neutered so this will be my adopter's responsibility also once I'm old enough. I am too small to be microchipped so this should be done when I'm neutered. I have been dewormed and I do come with a 6 week trial of pet insurance from PetSecure and have all my doggy papers to come home to you!
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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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