Smith-Ennismore-Lakefield Real Estate Statistics

Smith-Ennismore-Lakefield real estate average sold price in the last 30 days (March 27 - April 25) was $707,652, which is $139,626 (19.7%) lower than the average price of $847,278 in the previous 30 day period (February 26 - March 26), and $138,021 (19.5%) down from the same period 1 year ago ($845,673). Smith-Ennismore-Lakefield real estate prices over the last 30 days are also $33,911 (4.8%) lower than the average selling price of $741,563 over the past year.

Smith-Ennismore-Lakefield average sold price for homes was $723,825 in the last 30 days (March 27 - April 25), which is $154,425 (21.3%) down from the average home price of $878,250 in the previous 30 day period (February 26 - March 26), and $333,050 (46.0%) lower than the same period 1 year ago ($1,056,875). In the last 30 days Smith-Ennismore-Lakefield the average home price was $50,624 (7.0%) lower than the average selling price of $774,449 over the last 12 months.

Average Smith-Ennismore-Lakefield condo sold price over the last 30 days (March 27 - April 25) was $533,629. During this period it was $3,504 (0.7%) up from the average price of condo of $530,125 during the previous 30 days (February 26 - March 26), and $110,358 (20.7%) higher compared to the same period 1 year ago ($423,271). In the last 30 days Smith-Ennismore-Lakefield the average condo price was $56,783 (10.6%) higher than the average selling price of $476,846 over the last year.

Average selling price for Smith-Ennismore-Lakefield real estate was $707,652 in the last 30 days (March 27 - April 25), which is collectively $12,376 (1.3%) lower than the average asking price of $944,655. This represents an increase of $9,186 (42.6%) compared to $21,562 (2.4%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Smith-Ennismore-Lakefield during the last 12 months was recorded in September, 2023 with an average of $6,984 under the asking price, while the minimum occurring in February, 2024 with $61,975 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Smith-Ennismore-Lakefield was 64.6% with 31 properties sold and 60 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 36.7% recorded during the previous 30 day period (February 26 - March 26), and an increase from 38.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Smith-Ennismore-Lakefield was 16,978.9% recorded in September and the lowest was in March at 38.6%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 31 properties that were successfully sold in Smith-Ennismore-Lakefield in the last 30 days (March 27 - April 25) was 36 days, which is 12 days more than 24 days average in the previous 30 day period (February 26 - March 26) and 2 days shorter than during the same period a year ago (38 days).

There were 20 delisted properties in Smith-Ennismore-Lakefield, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 56 days on the market. This is 4 days longer than the average of 52 days during the previous 30 day period (February 26 - March 26) and 0 days more compared to the same period last year average of 56 days on the market.

20 Smith-Ennismore-Lakefield properties that didn't sell stayed on the market 55.6% longer than 31 that sucessfully sold over the last 30 days - 36 days when sold vs 56 days when delisted respectively.

Average Days on the Market in Smith-Ennismore-Lakefield over the past 12 months for properties that have sold was 42.5 days, with 65.2 days for those properties that did not sell.

48 new properties were listed on the market in Smith-Ennismore-Lakefield in the last 30 days (March 27 - April 25). During the same time 31 properties were sold and 20 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 6.2%).

During the previous 30 day period (February 26 - March 26) there were 60 new properties listed, 22 sold and 12 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was March with 57 new properties listed, the slowest - December with 7 new listings and a yearly average of 31 new listings per month.

There were a total of 47 homes listed during the last 30 days (March 27 - April 25), which is 97.9% of all properties listed in Smith-Ennismore-Lakefield. This is a 16.1% decline compared with a previous 30 day period (February 26 - March 26) and 176.5% up from the same period a year ago. Over the past year an average of 28 homes are were listed per month.

1 condo units were listed in the last 30 days (March 27 - April 25) in Smith-Ennismore-Lakefield, which represents 2.1% of all new listings. This is down 50.0% from the prior 30 day period (February 26 - March 26) and 92.9% less compared to the same period last year. There were 3 condos listed per month on average during the last 12 months.

There were a total of 28 homes sold during the last 30 days (March 27 - April 25), which is 90.3% of all properties sold in Smith-Ennismore-Lakefield. This is a 40.0% increase compared with a previous 30 day period (February 26 - March 26) and 250.0% up from the same period a year ago. Over the past year an average of 557 homes are were sold per month.

1 condo units were sold in the last 30 days (March 27 - April 25) in Smith-Ennismore-Lakefield, which represents 3.2% of all sold properties. This is down 0.0% from the prior 30 day period (February 26 - March 26) and 75.0% less compared to the same period last year. There were 5 condos sold per month on average during the last 12 months.