Smith-Ennismore-Lakefield Real Estate Statistics

Smith-Ennismore-Lakefield real estate average sold price in the last 30 days (March 10 - April 8) was $937,733, which is $204,801 (21.8%) higher than the average price of $732,932 in the previous 30 day period (February 9 - March 9), and $47,530 (5.1%) up from the same period 1 year ago ($890,203). Smith-Ennismore-Lakefield real estate prices over the last 30 days are also $196,170 (20.9%) higher than the average selling price of $741,563 over the past year.

Smith-Ennismore-Lakefield average sold price for homes was $951,275 in the last 30 days (March 10 - April 8), which is $178,888 (18.8%) up from the average home price of $772,387 in the previous 30 day period (February 9 - March 9), and $48,087 (5.1%) lower than the same period 1 year ago ($999,362). In the last 30 days Smith-Ennismore-Lakefield the average home price was $176,826 (18.6%) higher than the average selling price of $774,449 over the last 12 months.

Average selling price for Smith-Ennismore-Lakefield real estate was $937,733 in the last 30 days (March 10 - April 8), which is collectively $18,906 (1.9%) lower than the average asking price of $1,014,404. This represents an increase of $21,262 (52.9%) compared to $40,168 (4.7%) Sold-Under-Asking price from the previous 30 day period (February 9 - March 9).

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 73.2% with 30 properties sold and 40 new properties listed in the past 30 days (March 10 - April 8). This represents an increase from 50.0% recorded during the previous 30 day period (February 9 - March 9), and an increase from 34.5% 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 30 properties that were successfully sold in Smith-Ennismore-Lakefield in the last 30 days (March 10 - April 8) was 22 days, which is 18 days less than 40 days average in the previous 30 day period (February 9 - March 9) and 47 days shorter than during the same period a year ago (69 days).

There were 14 delisted properties in Smith-Ennismore-Lakefield, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 65 days on the market. This is 37 days shorter than the average of 102 days during the previous 30 day period (February 9 - March 9) and 8 days less compared to the same period last year average of 73 days on the market.

14 Smith-Ennismore-Lakefield properties that didn't sell stayed on the market 195.5% longer than 30 that sucessfully sold over the last 30 days - 22 days when sold vs 65 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.

41 new properties were listed on the market in Smith-Ennismore-Lakefield in the last 30 days (March 10 - April 8). During the same time 30 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 7.3%).

During the previous 30 day period (February 9 - March 9) there were 40 new properties listed, 20 sold and 17 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 41 homes listed during the last 30 days (March 10 - April 8), which is 100.0% of all properties listed in Smith-Ennismore-Lakefield. This is a 32.3% increase compared with a previous 30 day period (February 9 - March 9) and 173.3% up from the same period a year ago. Over the past year an average of 28 homes are were listed per month.

There were a total of 29 homes sold during the last 30 days (March 10 - April 8), which is 96.7% of all properties sold in Smith-Ennismore-Lakefield. This is a 81.2% increase compared with a previous 30 day period (February 9 - March 9) and 262.5% up from the same period a year ago. Over the past year an average of 557 homes are were sold per month.