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 - 28th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 320 (251, 194, 234, 166) *336
Sold: 161 (132, 120, 112, 131) *225
Sale To Listing Ratio: 53% (53%, 62%, 48%, 65%) *67%
Price Changes: 66 (61, 70, 55, 56) *174
Listings that went conditional/pending: 242 (195, 169, 164, 125) *260
Expired/Cancelled/Withdrawn: 31 (38, 40, 104, 32) *72
Total Active Halifax/Dartmouth Inventory: 2,132 (2,115, 2,086, 2,100, 2,135) +3,409
Absorption Rate in weeks: 16 (17, 18, 19, 19) *16
Single Family Home Stats
Active Single Family Home: 1,130 (1,039, 1,099, 1,113, 1,139) *1,894
Average Single Family Home List Price: $383,315 ($377k,$371k,$359k,$362k) *$350k
Average Single Family Home Selling Price: $377,300 ($373k,$368k,$351k,$355k) *$342k
Single Family Home Sale to List Ratio This Week: 98% (99%, 99%, 98%, 98%) *98%
Median Single Family Home List Price (6 mo): $324,900 ($324k,$320k,$320k,$320k)*$300k
Median Single Family Home Sold Price (6 mo):$320,000 ($320k,$320k,$319k,$320k)*$296k
Average Days on Market Single Family Home: 67 (63, 60, 61, 45) *51
Active Condos: 165 (153, 148, 152, 154) *261
Average Condo Listing Price: $265,654 ($274k, $255k $351k, $286k) *$282k
Average Condo Selling Price: $263,709 ($271k, $247k, $339k, $273k) *$280k
Condo Sale to List Ratio This Week: 99% (97%, 97%, 97%, 96%) 98%
Median Condo List Price (6 mo): $269,000 ($265k, $269k, $267k, $260k) *$246k
Median Condo Sold Price (6 mo): $263,000 ($259k, $263k, $261k, $255k) *$240k
Average Days on Market Condos: 23 (68, 54, 40, 40)*37
Active Vacant Lots: 699 (693, 707, 717, 717) *955
Second week in a row where we are finally seeing the inventory go in the northern direction! Seems the last few days have really ramped things up, which may be helped by the announcement that even more restrictions are being lifted and businesses are allowed to open on June 5th. Hopefully these measures continue to bolster public confidence to return to regular activities, but not so much so that we end up back on square one. The real estate industry here in Halifax continues to proceed with caution, and there doesn't seem to be any loosening of current protocols that have been set up, which is actually a good thing in my opinion. I imagine there will be many industries with a "new normal", and real estate is certainly one of them. By remaining open during this time, I think the industry was quick to adapt to safety measures and protocols for public health and safety, so being prepared going forward has already been established and parties that have carried on with buying or selling recognize these new procedures with respect. I think these will be in place for the foreseeable future, so much like the other industries that you may revisit, it's best to have as much patience and understanding as possible as we all navigate these unprecedented times. This week was a showcase of all the progress we have made since this began. This week witnessed a surge of new listings (most of the year so far), with sellers confident enough to put their homes up for sale despite the current environment, and buyer activity that almost matches the market of last year. It's pretty incredible really. The market is still in great shape, and there is lots of miles left in it yet, so with the air starting to clear, we can expect things will only get better from here. Stay tuned to the blog to stay on top of things though, it's a wild ride out there right now! Thanks for stopping by and stay safe!
The Weekly Adogtable!
***Due to Covid 19, Macy will still require veterinary care, covered by SALCARS. Due to unknown time restrictions, we feel awaiting this in her forever home will be more beneficial to her.***
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!
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 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 am very food motivated! 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
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah