The Halifax Real Estate Weekly Market Rand and Statistics Update, by Jeremiah Wallace of ViewPoint Realty: March 11th-18th, 2021
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 318 (277, 236, 259, 229) *301
Sold: 216 (185, 198, 201, 187) *182
Sale To Listing Ratio: 68% (67%, 78%, 78%, 82%) *60%
Price Changes: 39 (26, 58, 62, 44) *84
Listings that went conditional/pending: 277 (258, 207, 237, 212) *214
Expired/Cancelled/Withdrawn: 35 (27, 46, 31, 30) *58
Total Active Halifax/Dartmouth Inventory: 916 (872, 859, 891, 912) +2,184
Absorption Rate in weeks: 4.5 (4.5, 5, 5, 5) *13
Single Family Home Stats
Active Single Family Home: 338 (304, 291, 306, 318) *1,155
Average Single Family Home List Price: $484,608 ($447k,$481k,$469k,$464k) *$360k
Average Single Family Home Selling Price: $520,255 ($477k,$507k,$491k,$484k) *$357k
Single Family Home Sale to List Ratio This Week: 108% (107%,105%, 105%,104%) *99%
Median Single Family Home List Price (6 mo): $374,900 ($370k,$379k,$360k,$360k)*$315k
Median Single Family Home Sold Price (6 mo):$386,803 ($381k,$375,$371k,$370k)*$310k
Average Days on Market Single Family Home: 26 (40, 38, 40, 33) *43
Active Condos: 103 (106, 107, 104, 100) *146
Average Condo Listing Price: $362,717 ($405k, $421k, $372k, $394k) *$348k
Average Condo Selling Price: $380,291 ($426k, $428k, $390k, $405k) *$351k
Condo Sale to List Ratio This Week: 105% (105%, 105%, 105%, 103%) 100%
Median Condo List Price (6 mo): $289,900 ($283k, $283k, $276k, $275k) *$255k
Median Condo Sold Price (6 mo): $298,500 ($280k, $290k, $279k, $279k) *$249k
Average Days on Market Condos: 126 (57, 118, 79, 79)*56
Active Vacant Lots: 358 (353, 364, 378, 393) *735
Two weeks of inventory growth in a row, could the Spring market finally be here? Still, incredible reports in other areas of the market emerged again this week, with solid sales numbers, and a benchmark week for listings that received and accepted offers. Since the beginning of the year, the inventory had continued to decrease which is a bit backwards from annual trend, until last week that is. The good news being that even though buyer activity was still extremely active the inventory increased (especially the single family homes), which is great news for buyers out there especially if it continues. Speaking of single family homes, their numbers continue to shatter records this week. Both weekly average and median sales are well above any recorded reports this week, and just look at the weekly average and median sold prices!! The six month median prices continue to impress as well, with yet another $5,000 increase in both list and sold prices. For reference, there was months during previous years that these numbers remain the same, but as the data catches up to the current market environment we are starting to get a clearer view of the overall impact and how rapidly things have changed. Median single family home sold prices are up almost $77k from last year at this time, which is a big city market jump, not something usually associated with Halifax. Although not as significant as the single family home reports, Condo's are no slouch at the moment either, with the most significant stat being the six month median sold price which took an almost $20k leap in a week, and reporting almost $50k higher than this at this time. Certainly unprecedented times in the Halifax real estate market at the moment!
Stay tuned to the blog to stay on top of the rapidly changing market, stay safe out there, and thanks for stopping by!
The Weekly Adogtable!
Hi Angels I'm Tucker. I am a 4 yr old, 60lb pitbull mix. I was surrendered to Salcars because my parents didn't have enough time to give me the life that they think I deserved. I've spent the last few weeks in a foster home working on my doggy manners and getting some medical stuff done.
I am a very sweet boy and I love to cuddle. I am very calm in the house and enjoy just relaxing on the couch. I love to go for walks and get really excited when you ask me if I want to go. I was always left to free roam in my previous home so I'm still working on my leash manners. I pull a lot on leash, everything is just so exciting. I do much better with my gentle leader, unless there is a person or dog I want to meet then I bark and pull to run towards them, which can be very intimidating for them but I just want to say hello. For this reason, I need controlled introductions with other animals as my foster mom says that I come on a little strong and I'm hard to control due to my size. I get along great with my foster fur siblings, both canine and feline.
I am fully housetrained, I have good recall as long as there's no people or animals around that I need to go say hello to, I love car rides, I love food so this could be a great help with my training, I like eating snow and I can give paw and sit pretty. I'll jump right in the tub for you for bath time, no problem. I let my foster mom do whatever she wants to me with no issues; clean my ears, touch me everywhere, flip me around to see my belly... anything at all.
I am definitely a sleep in bed with you kind of fella. I may start out sleeping elsewhere but don't worry, you'll wake up with me next to you so you can cuddle me. I am very respectful when others are eating, even the kitties. I don't bother them or their food. I won't touch your food either if you leave it. I'm very gentle taking treats too.
My foster parents say that I am the goodest boy but I do bark a lot and loudly. Luckily my foster parents live a ways back from the road so I don't see too much that passes by. I bark whenever I am excited so I guess that doesn't exactly make me apartment friendly. I don't like being crated and I will bark nonstop until you let me out but I'm a good boy and don't need one. My former family said that I would chew up things when they weren't home but I haven't chewed anything up in my foster home except, of course, my toys. I do get a lot more exercise here than in my previous home so that helps. I love my humans alot and would definitely love them to be home with me more often than not. Please note that if you do have to leave me for awhile, that you'll return to a whole lot of howling. I just missed you so much, I can't control myself. I have met a 3 year old and a 9 year old, I was very good but very excited like I get with everyone.
When I first came into care, I was very red and raw. The nice vet said I have allergies, that are currently being treated with a diet trial and medicated shampoo, and I'm much better.
My foster mom says I'm just a big goof ball who needs help with some of my manners but the love I'll give you in return will be so worth it.
Are you my forever family?! 💙
My adoption fee is a donation to the rescue to help save more dogs like me. I am neutered, vaccinated and microchipped, come with a 6 week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264.
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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah