The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of Viewpoint Realty
Halifax (HRM) Residential Statistic Update for the Week of July 2nd - 9th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 349 (312, 326, 350, 282) *333
Sold: 234 (257, 234, 245, 220) *197
Sale To Listing Ratio: 67% (83%, 71%, 70%, 78%) *60%
Price Changes: 122 (79, 117, 141, 89)*161
Listings that went conditional/pending: 312 (286, 290, 287, 302) *242
Expired/Cancelled/Withdrawn: 60 (110, 51, 39, 48) *103
Total Active Halifax/Dartmouth Inventory: 1,908 (1,941, 2,016, 2,068, 2,041) +3,341
Absorption Rate in weeks: 8 (8, 9, 10, 12) *16
Single Family Home Stats
Active Single Family Home: 1,007 (1,015, 1,038, 1,074, 1,068) *1,883
Average Single Family Home List Price: $397,428 ($384k,$390k,$363k,$371k) *$321k
Average Single Family Home Selling Price: $396,556 ($383k,$392k,$363k,$372k) *$316k
Single Family Home Sale to List Ratio This Week: 99% (100%,101%,100%,100%) *99%
Median Single Family Home List Price (6 mo): $329,900 ($330k,$330k,$328k,$327k)*$300k
Median Single Family Home Sold Price (6 mo):$330,000 ($330k$328k,$325k,$325k)*$299k
Average Days on Market Single Family Home: 40 (56, 53, 38, 61) *51
Active Condos: 160 (155, 160, 165, 161) *225
Average Condo Listing Price: $289,775 ($328k, $378k, $295k, $262k) *$279k
Average Condo Selling Price: $288,292 ($326k, $369k, $295k, $261k) *$271k
Condo Sale to List Ratio This Week: 99% (99%, 97%, 100%, 99%) 97%
Median Condo List Price (6 mo): $274,950 ($280k, $280k, $274k,$275k) *$250k
Median Condo Sold Price (6 mo): $272,500 ($273k, $275k, $273k, $275k) *$241k
Average Days on Market Condos: 50 (53, 54, 17, 24)*79
Active Vacant Lots: 592 (662, 662, 676, 675) *949
Finally, a bit of inventory pressure relief! For the first time since the Spring, there has been a small wane in the property feeding frenzy that has gripped our city in the last couple of seasons. More listings coming to market has certainly helped things along, and perhaps the large bubble of buyers is slowly starting to deflate as they purchase and settle into their homes, or perhaps many have simply grown tired of the frenzy and have put their move on hold. In either case, the market does feel different right now. Of course, there are still many areas and price points that are remain under siege, but the multiple offer situation has subsided a touch to lessen the amount of competitors on a property. Some have been waiting out what I call "the golden weekend" to avoid the overbidding in hopes of seeing it on the other side, which has actually been happening lately. The golden weekend is the current listing formula it seems of going active on Thursday, holding showings/offers all weekend and presenting offers on the Sunday or Monday. That formula started to show up late last year as there was so much activity and requests on a property, that listing agents had to react and pause the response to offer times to allow everyone to get in to see it. By the time the Spring market showed up this became more and more popular, and nowadays its almost standard, especially with any property in the 250-350k range in within 30kms of HRM. Let's see if this relaxed atmosphere continues, or it it's just a slight ease before things ramp up again. Stay tuned to the blog to find out! Stay safe out there, and thanks for stopping by!
The Weekly Adogtable!
Hi! I’m Sophie! I am a 10 year old female Shih Tzu Poodle mix weighing around 15-20lbs. I'm a local surrender after one of my owners passed away it was too hard so I came into the rescue. I've been here for a few weeks now but it's time to find my forever!
I am a super friendly girl, I love everyone I meet! I hear “good girl” every day, so I think that means I’m pretty special. I’ve met so many dogs and humans and they are all so fun to say hello to. Foster mom says my tail will wag right off! Gosh, I hope not!
I havent met any cats so I'm not sure what to think of them. I have been around a few kids but can become protective of them so I think older kids would be better.
I really want a fur sister or brother cause I really like to play! There’s a growly thing I do when I want to play (and eat) that sounds strange until you understand it’s just my way of talking to you.
I like to ensure my foster parents know what time it is, so I wake them up when it’s breakfast time. I run straight to my bowl but they remind me it’s bathroom time first! I’m a lady who knows what she wants and what I want is food. I love yummy treats. Apparently I will do anything for food. Don’t worry, I let everyone know when it’s supper time too!
I know that outside is the place to do my business and will tell you when I need to go. I have been on a regular schedule with two walks a day and I LOVE walks. I’m told I have lots of energy and can pull from time to time, but overall I’m pretty good.
I don't mind going in the car and I like to play with toys! The thing they call a TV is pretty fascinating, did you know there are dogs on there as well?!
If I could pick, I'd chose to sleep with foster mom and dad. There’s lots of beds around the house that are my size but I won’t touch them. What can I say? I like big beds, couches, and laps!
I do have some arthritis in my hind end which having some type of supplement would help. I have a few teeth that need to be taken care of and at the same time I am getting a good clean of my ears!
Are you my forever family?
My adoption fee is a $300 donation to help save more dogs like me. I am spayed and microchipped, 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