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 June 25th- July 2nd, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 312 (326, 350, 282, 355) *333
Sold: 257 (234, 245, 220, 186) *208
Sale To Listing Ratio: 83% (71%, 70%, 78%, 54%) *63%
Price Changes: 79 (117, 141, 89, 91)*167
Listings that went conditional/pending: 286 (290, 287, 302, 280) *201
Expired/Cancelled/Withdrawn: 110 (51, 39, 48, 96) *192
Total Active Halifax/Dartmouth Inventory: 1,941 (2,016, 2,068, 2,041, 2,095) +3,348
Absorption Rate in weeks: 8 (9, 10, 12, 14) *16
Single Family Home Stats
Active Single Family Home: 1,015 (1,038, 1,074, 1,068, 1,120) *1,877
Average Single Family Home List Price: $383,713 ($390k,$363k,$371k,$377k) *$334k
Average Single Family Home Selling Price: $382,558 ($392k,$363k,$372k,$377k) *$329k
Single Family Home Sale to List Ratio This Week: 100% (101%,100%,100%,100%%) *99%
Median Single Family Home List Price (6 mo): $329,900 ($330k,$328k,$327k,$325k)*$300k
Median Single Family Home Sold Price (6 mo):$329,900 ($328k,$325k,$325k,$325k)*$299k
Average Days on Market Single Family Home: 56 (53, 38, 61, 11) *70
Active Condos: 155 (160, 165, 161, 165) *242
Average Condo Listing Price: $327,886 ($378k, $295k, $262k, $263k) *$308k
Average Condo Selling Price: $325,956 ($369k, $295k, $261k, $259k) *$301k
Condo Sale to List Ratio This Week: 99% (97%, 100%, 99%, 98%) 98%
Median Condo List Price (6 mo): $279,450 ($280k, $274k,$275k, $274k) *$250k
Median Condo Sold Price (6 mo): $273,000 ($275k, $273k, $275k, $273k) *$241k
Average Days on Market Condos: 53 (54, 17, 24, 36)*56
Active Vacant Lots: 662 (662, 676, 675, 675) *947
The Spring market like Summer settled in for another week inventory destruction, crushing listings all over HRM with multiple offers, quick sales, and continued buyer pressure. The overall inventory jumped down again this week in all tracked products, with single family homes seeing the most impact. The continued formula of mediocre new listing additions plus well above average sales numbers, coupled with the continued barrage of buyers putting property under agreement (as reflected in the conditional/pending stat), pushes the Halifax market deeper into sellers favour again this week. One of the questions I get asked quite frequently, is when I think this market will start to soften. In short, I can't see this current market going anywhere anytime soon. Currently, we are seeing the local Spring market that should have happened earlier this year thriving now that restrictions have been lifted and people can get back to the new normal. Let's call this wave one. Currently, the military and other government relocation are finally, slowly, starting to happen, but non-essential relocations are still patiently standing by for the most part. There are the "must" movers who are wading through these complicated times, but many would be relocations had to put moves on hold until boarder restrictions start to loosen. Once that happens, those people will finally get a chance to make their move and inject yet another surge of activity into our market, wave 2. Since this phase won't be an overnight opening of all things, you can expect sustained pressure from this phase as pockets will make their move over time. Definitely something to keep an eye on, so stay tuned to the blog to stay up to date with our market here in Halifax! Thanks for stopping by, and stay safe out there!
The Weekly Adogtable!
I’m Shaggy!! I’m a 3 year old, 37 lb pocket pit mix male with a compact body and lots of personality! I came from Texas last year, I thought I found my home but I was having trouble around new humans so I came back into the rescue and have been working hard so I'd like to try to find my home with someone who is ready to continue working with me!
I love my people it just takes me a while to trust. I have extreme stranger danger because I’m scared. I wear a muzzle when meeting new people because I have biten before out of fear. You will also have to do classes with me to help us build our bond together and learn the best skills to help me in the future!
I can bark when left home alone so I’d like a friend to be home with whether that’s my person or a fur sibling. I go to daycare and I play great with all the dogs. I also live with 3 dogs and we are the best of friends.
I do like my own space to eat, I don’t like them getting into my dish. And sometimes I don’t like them getting up on the couch or bed with me; but a firm no and I understand I’m not being nice.
I even live with cats. One I chase. And one I ignore. My foster mom thinks maybe I shouldn’t live with them in my forever home so we don't stress any kitties out. I also need no kids in my forever home, they move so fast and can be unpredictable which is not the best thing for me.
The car is ok I just need some time to settle and lay down then I’m good to go. I like to have my own seat. My favourite thing ever is walks!!! Oh boy can I walk. I do pull a lot at first from all the excitement of going out. After a few minutes I settle right down. However on my walks I bark at all the people and dogs. So we will have to work on that.
I’m fully housetrained. No accidents ever!! I do have some allergies so I’m on a special food and I need a special bath once a week or mom says I’m a stinky boy. I don’t know what that is but she makes funny faces at me. I just give her a big kiss and all is well.
She thinks I’m the best cuddler she has ever met. She says there is nothing like a Shaggy hug to brighten up your day 💙 I might not be the bestest boy but she says I deserve the right person who is willing to love me and all my faults and work with me to make me the goodest boy I can be, cause I’m worth it.
Are you my forever family?! 💙
**I am mandatory confidence classes with my new family**
My adoption fee is a $400 donation to help save more dogs like me. I am neutered 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 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah