Otonabee-South Monaghan Real Estate Statistics

Otonabee-South Monaghan real estate average sold price in the last 30 days (March 10 - April 8) was $851,666, which is $201,452 (23.7%) higher than the average price of $650,214 in the previous 30 day period (February 9 - March 9), and $130,000 (15.3%) down from the same period 1 year ago ($981,666). Otonabee-South Monaghan real estate prices over the last 30 days are also $99,874 (11.7%) higher than the average selling price of $751,792 over the past year.

Otonabee-South Monaghan average sold price for homes was $851,666 in the last 30 days (March 10 - April 8), which is $201,452 (23.7%) up from the average home price of $650,214 in the previous 30 day period (February 9 - March 9), and $130,000 (15.3%) lower than the same period 1 year ago ($981,666). In the last 30 days Otonabee-South Monaghan the average home price was $99,991 (11.7%) higher than the average selling price of $751,675 over the last 12 months.

Average selling price for Otonabee-South Monaghan real estate was $851,666 in the last 30 days (March 10 - April 8), which is collectively $10,211 (1.1%) lower than the average asking price of $942,366. This represents a decline of $2,797 (37.7%) compared to $7,414 (0.8%) Sold-Under-Asking price from the previous 30 day period (February 9 - March 9).

The maximum Sold Over/Under Asking ratio in Otonabee-South Monaghan during the last 12 months was recorded in May, 2023 with an average of $5,837 under the asking price, while the minimum occurring in December, 2023 with $89,000 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 Otonabee-South Monaghan was 50.0% with 9 properties sold and 8 new properties listed in the past 30 days (March 10 - April 8). This represents a decrease from 87.5% recorded during the previous 30 day period (February 9 - March 9), and an increase from 30.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Otonabee-South Monaghan was 7,431.6% recorded in September and the lowest was in May at 50.0%. 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.

The Average Days on the Market (DOM) for 9 properties that were successfully sold in Otonabee-South Monaghan in the last 30 days (March 10 - April 8) was 7 days, which is 6 days less than 13 days average in the previous 30 day period (February 9 - March 9) and 76 days shorter than during the same period a year ago (83 days).

There were 6 delisted properties in Otonabee-South Monaghan, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 102 days on the market. This is 22 days longer than the average of 80 days during the previous 30 day period (February 9 - March 9) and 27 days more compared to the same period last year average of 75 days on the market.

6 Otonabee-South Monaghan properties that didn't sell stayed on the market 1,357.1% longer than 9 that sucessfully sold over the last 30 days - 7 days when sold vs 102 days when delisted respectively.

Average Days on the Market in Otonabee-South Monaghan over the past 12 months for properties that have sold was 37.9 days, with 85.4 days for those properties that did not sell.

18 new properties were listed on the market in Otonabee-South Monaghan in the last 30 days (March 10 - April 8). During the same time 9 properties were sold and 6 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 3 properties (or 16.7%).

During the previous 30 day period (February 9 - March 9) there were 8 new properties listed, 7 sold and 8 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 19 new properties listed, the slowest - December with 2 new listings and a yearly average of 11 new listings per month.

There were a total of 18 homes listed during the last 30 days (March 10 - April 8), which is 100.0% of all properties listed in Otonabee-South Monaghan. This is a 125.0% increase compared with a previous 30 day period (February 9 - March 9) and 125.0% up from the same period a year ago. Over the past year an average of 11 homes are were listed per month.

There were a total of 9 homes sold during the last 30 days (March 10 - April 8), which is 100.0% of all properties sold in Otonabee-South Monaghan. This is a 28.6% increase compared with a previous 30 day period (February 9 - March 9) and 200.0% up from the same period a year ago. Over the past year an average of 125 homes are were sold per month.