Otonabee-South Monaghan Real Estate Statistics

Otonabee-South Monaghan Real Estate Price Trend
Otonabee-South Monaghan real estate average sold price in the last 30 days (September 24 - October 23) was $812,500, which is $83,182 (10.2 %) higher than the average price of $729,318 in the previous 30 day period (August 25 - September 23), and $142,500 (17.5 %) down from the same period 1 year ago ($955,000). Otonabee-South Monaghan real estate prices over the last 30 days are also $70,568 (8.7 %) higher than the average selling price of $741,932 over the past year.
Otonabee-South Monaghan average sold price for homes was $812,500 in the last 30 days (September 24 - October 23), which is $80,250 (9.9 %) up from the average home price of $732,250 in the previous 30 day period (August 25 - September 23), and $142,500 (17.5 %) lower than the same period 1 year ago ($955,000). In the last 30 days Otonabee-South Monaghan the average home price was $65,046 (8.0 %) higher than the average selling price of $747,454 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Otonabee-South Monaghan real estate was $812,500 in the last 30 days (September 24 - October 23), which is collectively $85,050 (18.9 %) higher than the average asking price of $450,000. This represents an increase of $44,287 (108.6 %) compared to $40,763 (5.0 %) Sold-Over-Asking price from the previous 30 day period (August 25 - September 23).
The maximum Sold Over/Under Asking ratio in Otonabee-South Monaghan during the last 12 months was recorded in April, 2021 with an average of $96,902 over the asking price, while the minimum occurring in October, 2020 with $186,000 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 Otonabee-South Monaghan was 200.0 % with 2 properties sold and 7 new properties listed in the past 30 days (September 24 - October 23). This represents an increase from 157.1 % recorded during the previous 30 day period (August 25 - September 23), and an increase from 33.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Otonabee-South Monaghan was 266.7 % recorded in March and the lowest was in November at 0.0 %. 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 2 properties that were successfully sold in Otonabee-South Monaghan in the last 30 days (September 24 - October 23) was 31 days, which is 12 days more than 19 days average in the previous 30 day period (August 25 - September 23) and 279 days shorter than during the same period a year ago (310 days).
There were 1 delisted properties in Otonabee-South Monaghan, those that got either Expired, Suspended or Terminated over the last 30 days (September 24 - October 23) with an average of 15 days on the market. This is 9 days shorter than the average of 24 days during the previous 30 day period (August 25 - September 23) and 179 days less compared to the same period last year average of 194 days on the market.
1 Otonabee-South Monaghan properties that didn't sell stayed on the market 51.6 % longer than 2 that sucessfully sold over the last 30 days - 31 days when sold vs 15 days when delisted respectively.
Average Days on the Market in Otonabee-South Monaghan over the past 12 months for properties that have sold was 78.8 days, with 86.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1 new properties were listed on the market in Otonabee-South Monaghan in the last 30 days (September 24 - October 23). During the same time 2 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 2 properties (or 200.0 %).
During the previous 30 day period (August 25 - September 23) there were 7 new properties listed, 11 sold and 5 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 9 new properties listed, the slowest - November with 0 new listings and a yearly average of 4 new listings per month.
New Real Estate Listings by Property Type
There were a total of 1 homes listed during the last 30 days (September 24 - October 23), which is 100.0 % of all properties listed in Otonabee-South Monaghan. This is a 85.7 % decline compared with a previous 30 day period (August 25 - September 23) and 50.0 % down from the same period a year ago. Over the past year an average of 4 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 2 homes sold during the last 30 days (September 24 - October 23), which is 100.0 % of all properties sold in Otonabee-South Monaghan. This is a 80.0 % decline compared with a previous 30 day period (August 25 - September 23) and 100.0 % up from the same period a year ago. Over the past year an average of 5 homes are were sold per month.
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