Smith-Ennismore-Lakefield Real Estate Statistics

Smith-Ennismore-Lakefield real estate average sold price in the last 30 days (October 21 - November 19) was $937,089, which is $195,151 (20.8%) higher than the average price of $741,938 in the previous 30 day period (September 21 - October 20), and $260,736 (27.8%) up from the same period 1 year ago ($676,353). Smith-Ennismore-Lakefield real estate prices over the last 30 days are also $159,394 (17.0%) higher than the average selling price of $777,695 over the past year.

Smith-Ennismore-Lakefield average sold price for homes was $954,529 in the last 30 days (October 21 - November 19), which is $205,509 (21.5%) up from the average home price of $749,020 in the previous 30 day period (September 21 - October 20), and $276,068 (28.9%) higher than the same period 1 year ago ($678,461). In the last 30 days Smith-Ennismore-Lakefield the average home price was $155,473 (16.3%) higher than the average selling price of $799,056 over the last 12 months.

Average selling price for Smith-Ennismore-Lakefield real estate was $937,089 in the last 30 days (October 21 - November 19), which is collectively $63,376 (5.3%) lower than the average asking price of $1,190,590. This represents a decline of $30,896 (95.1%) compared to $32,480 (3.5%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Smith-Ennismore-Lakefield during the last 12 months was recorded in September, 2024 with an average of $13,445 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 58.1% with 18 properties sold and 34 new properties listed in the past 30 days (October 21 - November 19). This represents a decrease from 76.5% recorded during the previous 30 day period (September 21 - October 20), and an increase from 51.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Smith-Ennismore-Lakefield was 185.7% recorded in December 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 18 properties that were successfully sold in Smith-Ennismore-Lakefield in the last 30 days (October 21 - November 19) was 44 days, which is 1 days more than 43 days average in the previous 30 day period (September 21 - October 20) and 4 days shorter than during the same period a year ago (48 days).

There were 37 delisted properties in Smith-Ennismore-Lakefield, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 87 days on the market. This is 12 days longer than the average of 75 days during the previous 30 day period (September 21 - October 20) and 37 days more compared to the same period last year average of 50 days on the market.

37 Smith-Ennismore-Lakefield properties that didn't sell stayed on the market 97.7% longer than 18 that sucessfully sold over the last 30 days - 44 days when sold vs 87 days when delisted respectively.

Average Days on the Market in Smith-Ennismore-Lakefield over the past 12 months for properties that have sold was 38.1 days, with 72.3 days for those properties that did not sell.

31 new properties were listed on the market in Smith-Ennismore-Lakefield in the last 30 days (October 21 - November 19). During the same time 18 properties were sold and 37 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 24 properties (or 77.4%).

During the previous 30 day period (September 21 - October 20) there were 34 new properties listed, 26 sold and 35 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 7 new listings and a yearly average of 42 new listings per month.

There were a total of 31 homes listed during the last 30 days (October 21 - November 19), which is 100.0% of all properties listed in Smith-Ennismore-Lakefield. This is a 6.1% decline compared with a previous 30 day period (September 21 - October 20) and 10.7% up from the same period a year ago. Over the past year an average of 39 homes are were listed per month.

There were a total of 17 homes sold during the last 30 days (October 21 - November 19), which is 94.4% of all properties sold in Smith-Ennismore-Lakefield. This is a 32.0% decline compared with a previous 30 day period (September 21 - October 20) and 30.8% up from the same period a year ago. Over the past year an average of 21 homes are were sold per month.