The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Thursdays)
Halifax (HRM) Residential Statistic Update for the Week of May 21st - June 4th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 355 (320, 251, 194, 234) *335
Sold: 186 (161, 132, 120, 112) *234
Sale To Listing Ratio: 54% (53%, 53%, 62%, 48%) *70%
Price Changes: 91 (66, 61, 70, 55) *161
Listings that went conditional/pending: 280 (242, 195, 169, 164) *231
Expired/Cancelled/Withdrawn: 96 (31, 38, 40, 104) *137
Total Active Halifax/Dartmouth Inventory: 2,095 (2,132, 2,115, 2,086, 2,100) +3,363
Absorption Rate in weeks: 14 (16, 17, 18, 19) *15
Single Family Home Stats
Active Single Family Home: 1,120 (1,130, 1,039, 1,099, 1,113) *1,886
Average Single Family Home List Price: $377,265 ($383k,$377k,$371k,$359k) *$346k
Average Single Family Home Selling Price: $377,450 ($377k,$373k,$368k,$351k) *$338k
Single Family Home Sale to List Ratio This Week: 100% (98%, 99%, 99%, 98%) *98%
Median Single Family Home List Price (6 mo): $325,000 ($325k,$324k,$320k,$320k)*$300k
Median Single Family Home Sold Price (6 mo):$324,750 ($320k,$320k,$320k,$319k)*$295k
Average Days on Market Single Family Home: 11 (67, 63, 60, 61) *54
Active Condos: 165 (165, 153, 148, 152) *252
Average Condo Listing Price: $262,495 ($266k, $274k, $255k $351k) *$292k
Average Condo Selling Price: $258,493 ($264k, $271k, $247k, $339k) *$288k
Condo Sale to List Ratio This Week: 98% (99%, 97%, 97%, 97%) 99%
Median Condo List Price (6 mo): $273,950 ($269k, $265k, $269k, $267k) *$250k
Median Condo Sold Price (6 mo): $272,500 ($263k, $259k, $263k, $261k) *$240k
Average Days on Market Condos: 36 (23, 68, 54, 40)*72
Active Vacant Lots: 675 (699, 693, 707, 717) *949
Well, it was as good run for a couple weeks, but nothing seems to be holding back the surge of buyers gobbling up all the inventory. It's still dog eat dog out there right now, and with restrictions being lifted in many areas and the hopeful COVID-19 reports being advertised, the wave of buyers continue to vie for a place to call home. Just look at the inventory flying off the shelves! There was a good amount of new additions this week, but they were met with the buyer surge who snapped up 280 properties this week, which was the best week of the year so far, and bested this time last year as well. Just like people eager for a hair trim, a must have for most, like our military, is also having to move, so it will be busy for both industries while demand is met. Nova Scotia has now implemented a self isolation exemptions list for essential etc and government workers who need to relocate to our province, which will surely inject another group of buyers that should have been here awhile ago. For a complete list of who is exempt from having to self isolate upon arrival to Nova Scotia, click HERE. This market has been incredible so far this year, and I think we are in for another huge influx of activity, almost like a late Spring market that I mentioned might happen should things get back to a new normal. 11 days on market is the average the week for single family homes, which is crazy. Not surprised though, being out there and involved in the constant competition throughout HRM. Interesting times indeed. Make sure to stay tuned to the blog to stay on top of the market as things develop, and thanks for stopping by!
The Weekly Adogtable!
Hi everyone! My name is Macy and I am a 6 year old female Rottweiler/mastiff mix weighing around 90 lbs. I came from a Montreal gassing pound a few weeks ago and I am ready to find my forever home!
I always pull to go see other dogs but it can be hit or miss if I think they are okay. I have also seen cats outside and have pulled to go chase them so I think I'd prefer to just be an only animal in the house and receive all the love for myself!
I have loved all the people I met, including some calm older kids but I can get over excited sometimes as well. I am going to need some strong humans to work with me because I am a very strong girl!
I do have a torn ACL that I take a daily pain medication for but it does not slow me down one bit! These wonderful people in the rescue have said they are going to pay for this to be dealt with as soon as it is possible!
I had a few accidents when I first came to my foster dad but have not had any since. I am getting better on a leash but still pull if there is something yummy or interesting going on. I am learning recall and am ok with no distractions but right now I would still choose to go investigate anything else that is going on.
I can definitly be a couch potato just as much of a snuggle bug and like to play once I am comfortable with you. I am a good housemate and usually just mind my own business, I like to sleep in my free time, or watch tv with my foster dad.
I don’t mind having my teeth or ears cleaned but it's definitely not my favorite thing to do. I am okay taking my pain medication because I know it helps me but I'm still going to try to avoid it if I can.
In the car I am usually fairly calm but due to being a larger girl I need room to keep my balance and will only lay down or sit when exhausted from the adventure we are coming back from. I don't really like being left home alone, I won't touch anything in the house and I don't really like the crate so I hope I don't have to go back in one.
I do not counter surf but will always eat what you give me. Toys are kind of weird, I don't really know what to do with them yet; I am just starting to figure out chasing a ball can be fun though!
I will answer to sit, down, wait, up and look and know I can keep learning things if you teach me! I might let out a few barks when someone is at the door but other than that I don't really bark. When they come in the house I will sniff and try to jump to say hi!
Are you my forever home?
My adoption fee is a $350 donation to help save more dogs like me. I will be spayed, vaccinated and microchipped as soon as the vets are open for business and I 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 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!
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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