Smith-Ennismore-Lakefield Real Estate Statistics

Smith-Ennismore-Lakefield real estate average sold price in the last 30 days (January 21 - February 19) was $676,328, which is $155,126 (22.9%) lower than the average price of $831,454 in the previous 30 day period (December 22 - January 20), and $301,627 (44.6%) down from the same period 1 year ago ($977,955). Smith-Ennismore-Lakefield real estate prices over the last 30 days are also $82,339 (12.2%) lower than the average selling price of $758,667 over the past year.

Smith-Ennismore-Lakefield average sold price for homes was $676,328 in the last 30 days (January 21 - February 19), which is $183,272 (27.1%) down from the average home price of $859,600 in the previous 30 day period (December 22 - January 20), and $346,359 (51.2%) lower than the same period 1 year ago ($1,022,687). In the last 30 days Smith-Ennismore-Lakefield the average home price was $95,020 (14.0%) lower than the average selling price of $771,348 over the last 12 months.

Average selling price for Smith-Ennismore-Lakefield real estate was $676,328 in the last 30 days (January 21 - February 19), which is collectively $12,814 (1.4%) lower than the average asking price of $903,040. This represents an increase of $2,626 (17.0%) compared to $15,440 (1.8%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Smith-Ennismore-Lakefield during the last 12 months was recorded in January, 2025 with an average of $12,771 under the asking price, while the minimum occurring in October, 2024 with $40,258 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 29.2% with 7 properties sold and 18 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 61.1% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 100.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Smith-Ennismore-Lakefield was 100.0% recorded in December and the lowest was in September at 39.2%. 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 7 properties that were successfully sold in Smith-Ennismore-Lakefield in the last 30 days (January 21 - February 19) was 43 days, which is 57 days less than 100 days average in the previous 30 day period (December 22 - January 20) and 34 days shorter than during the same period a year ago (77 days).

There were 9 delisted properties in Smith-Ennismore-Lakefield, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 75 days on the market. This is 20 days shorter than the average of 95 days during the previous 30 day period (December 22 - January 20) and 26 days less compared to the same period last year average of 101 days on the market.

9 Smith-Ennismore-Lakefield properties that didn't sell stayed on the market 74.4% longer than 7 that sucessfully sold over the last 30 days - 43 days when sold vs 75 days when delisted respectively.

Average Days on the Market in Smith-Ennismore-Lakefield over the past 12 months for properties that have sold was 40.4 days, with 79.6 days for those properties that did not sell.

24 new properties were listed on the market in Smith-Ennismore-Lakefield in the last 30 days (January 21 - February 19). During the same time 7 properties were sold and 9 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 8 properties (or 33.3%).

During the previous 30 day period (December 22 - January 20) there were 18 new properties listed, 11 sold and 26 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 64 new properties listed, the slowest - December with 8 new listings and a yearly average of 42 new listings per month.

There were a total of 23 homes listed during the last 30 days (January 21 - February 19), which is 95.8% of all properties listed in Smith-Ennismore-Lakefield. This is a 27.8% increase compared with a previous 30 day period (December 22 - January 20) and 76.9% up from the same period a year ago. Over the past year an average of 40 homes are were listed per month.

There were a total of 7 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Smith-Ennismore-Lakefield. This is a 30.0% decline compared with a previous 30 day period (December 22 - January 20) and 56.2% down from the same period a year ago. Over the past year an average of 21 homes are were sold per month.