Smith-Ennismore-Lakefield Real Estate Statistics

Smith-Ennismore-Lakefield Real Estate Price Trend
Smith-Ennismore-Lakefield real estate average sold price in the last 30 days (July 18 - August 16) was $1,018,714, which is $176,786 (17.4 %) lower than the average price of $1,195,500 in the previous 30 day period (June 18 - July 17), and $169,123 (16.6 %) up from the same period 1 year ago ($849,591). Smith-Ennismore-Lakefield real estate prices over the last 30 days are also $10,121 (1.0 %) higher than the average selling price of $1,008,593 over the past year.
Smith-Ennismore-Lakefield average sold price for homes was $1,018,714 in the last 30 days (July 18 - August 16), which is $176,786 (17.4 %) down from the average home price of $1,195,500 in the previous 30 day period (June 18 - July 17), and $169,123 (16.6 %) higher than the same period 1 year ago ($849,591). In the last 30 days Smith-Ennismore-Lakefield the average home price was $847 (0.1 %) higher than the average selling price of $1,017,867 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Smith-Ennismore-Lakefield real estate was $1,018,714 in the last 30 days (July 18 - August 16), which is collectively $6,542 (0.7 %) lower than the average asking price of $938,089. This represents an increase of $70,928 (91.6 %) compared to $77,470 (7.9 %) Sold-Under-Asking price from the previous 30 day period (June 18 - July 17).
The maximum Sold Over/Under Asking ratio in Smith-Ennismore-Lakefield during the last 12 months was recorded in February, 2022 with an average of $293,889 over the asking price, while the minimum occurring in December, 2021 with $100,000 below the asking price.
Sales to New Listings Ratio
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 36.8 % with 7 properties sold and 19 new properties listed in the past 30 days (July 18 - August 16). This represents a decrease from 52.6 % recorded during the previous 30 day period (June 18 - July 17), and a decrease from 230.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Smith-Ennismore-Lakefield was 300.0 % recorded in September and the lowest was in December at 33.3 %. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 7 properties that were successfully sold in Smith-Ennismore-Lakefield in the last 30 days (July 18 - August 16) was 23 days, which is 6 days less than 29 days average in the previous 30 day period (June 18 - July 17) and 15 days longer than during the same period a year ago (8 days).
There were 12 delisted properties in Smith-Ennismore-Lakefield, those that got either Expired, Suspended or Terminated over the last 30 days (July 18 - August 16) with an average of 66 days on the market. This is 15 days longer than the average of 51 days during the previous 30 day period (June 18 - July 17) and 4 days more compared to the same period last year average of 62 days on the market.
12 Smith-Ennismore-Lakefield properties that didn't sell stayed on the market 187.0 % longer than 7 that sucessfully sold over the last 30 days - 23 days when sold vs 66 days when delisted respectively.
Average Days on the Market in Smith-Ennismore-Lakefield over the past 12 months for properties that have sold was 30.1 days, with 32.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
19 new properties were listed on the market in Smith-Ennismore-Lakefield in the last 30 days (July 18 - August 16). During the same time 7 properties were sold and 12 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 0 properties (or 0.0 %).
During the previous 30 day period (June 18 - July 17) there were 19 new properties listed, 10 sold and 14 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 25 new properties listed, the slowest - December with 3 new listings and a yearly average of 12 new listings per month.
New Real Estate Listings by Property Type
There were a total of 19 homes listed during the last 30 days (July 18 - August 16), which is 100.0 % of all properties listed in Smith-Ennismore-Lakefield. This is a 0.0 % decline compared with a previous 30 day period (June 18 - July 17) and 90.0 % up from the same period a year ago. Over the past year an average of 11 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 7 homes sold during the last 30 days (July 18 - August 16), 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 (June 18 - July 17) and 69.6 % down from the same period a year ago. Over the past year an average of 15 homes are were sold per month.
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