New Tecumseth Real Estate Statistics

New Tecumseth Real Estate Price Trend
New Tecumseth real estate average sold price in the last 30 days (February 28 - March 28) was $913,583, which is $25,154 (2.8%) lower than the average price of $938,737 in the previous 30 day period (January 29 - February 27), and $70,281 (7.7%) up from the same period 1 year ago ($843,302). New Tecumseth real estate prices over the last 30 days are also $51,872 (5.7%) higher than the average selling price of $861,711 over the past year.
New Tecumseth average sold price for homes was $974,116 in the last 30 days (February 28 - March 28), which is $5,641 (0.6%) down from the average home price of $979,757 in the previous 30 day period (January 29 - February 27), and $36,051 (3.7%) higher than the same period 1 year ago ($938,065). In the last 30 days New Tecumseth the average home price was $47,198 (4.8%) higher than the average selling price of $926,918 over the last 12 months.
Average New Tecumseth condo sold price over the last 30 days (February 28 - March 28) was $783,857. During this period it was $13,943 (1.8%) down from the average price of condo of $797,800 during the previous 30 days (January 29 - February 27), and $74,607 (9.5%) higher compared to the same period 1 year ago ($709,250). In the last 30 days New Tecumseth the average condo price was $70,722 (9.0%) higher than the average selling price of $713,135 over the last year.
Average sold price of New Tecumseth townhouse was $736,314 in the last 30 days (February 28 - March 28), up $62,981 (8.6%) from the average townhome price of $673,333 over the previous 30 days (January 29 - February 27), and $35,981 (4.9%) higher than during to the same period 1 year ago ($700,333). Over the last 30 days the average townhouse price in New Tecumseth was $37,693 (5.1%) higher compared to the average selling price of $698,621 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for New Tecumseth real estate was $913,583 in the last 30 days (February 28 - March 28), which is collectively $14,319 (1.4%) lower than the average asking price of $990,195. This represents an increase of $18,288 (56.1%) compared to $32,607 (3.2%) Sold-Under-Asking price from the previous 30 day period (January 29 - February 27).
The maximum Sold Over/Under Asking ratio in New Tecumseth during the last 12 months was recorded in June, 2023 with an average of $3,329 under the asking price, while the minimum occurring in February, 2024 with $33,202 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 New Tecumseth was 60.2% with 77 properties sold and 113 new properties listed in the past 30 days (February 28 - March 28). This represents an increase from 59.3% recorded during the previous 30 day period (January 29 - February 27), and a decrease from 67.9% compared to the same period one year ago.
Over the the last year the highest SNLR in New Tecumseth was 1,202.7% recorded in July and the lowest was in September at 33.6%. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 77 properties that were successfully sold in New Tecumseth in the last 30 days (February 28 - March 28) was 27 days, which is 38 days less than 65 days average in the previous 30 day period (January 29 - February 27) and 0 days longer than during the same period a year ago (27 days).
There were 36 delisted properties in New Tecumseth, those that got either Expired, Suspended or Terminated over the last 30 days (February 28 - March 28) with an average of 60 days on the market. This is 16 days shorter than the average of 76 days during the previous 30 day period (January 29 - February 27) and 17 days more compared to the same period last year average of 43 days on the market.
36 New Tecumseth properties that didn't sell stayed on the market 122.2% longer than 77 that sucessfully sold over the last 30 days - 27 days when sold vs 60 days when delisted respectively.
Average Days on the Market in New Tecumseth over the past 12 months for properties that have sold was 33.2 days, with 56.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
128 new properties were listed on the market in New Tecumseth in the last 30 days (February 28 - March 28). During the same time 77 properties were sold and 36 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 15 properties (or 11.7%).
During the previous 30 day period (January 29 - February 27) there were 113 new properties listed, 67 sold and 44 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 128 new properties listed, the slowest - December with 36 new listings and a yearly average of 105 new listings per month.
New Real Estate Listings by Property Type
There were a total of 91 homes listed during the last 30 days (February 28 - March 28), which is 71.1% of all properties listed in New Tecumseth. This is a 4.6% increase compared with a previous 30 day period (January 29 - February 27) and 12.3% up from the same period a year ago. Over the past year an average of 78 homes are were listed per month.
15 condo units were listed in the last 30 days (February 28 - March 28) in New Tecumseth, which represents 11.7% of all new listings. This is up 66.7% from the prior 30 day period (January 29 - February 27) and 66.7% more compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.
22 townhomes were listed over the last 30 days (February 28 - March 28) in New Tecumseth, which is 17.2% of all new real estate inventory. This is a 29.4% more than during the previous 30 day period (January 29 - February 27) and 37.5% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 16 a month.
Real Estate Sales by Property Type
There were a total of 56 homes sold during the last 30 days (February 28 - March 28), which is 72.7% of all properties sold in New Tecumseth. This is a 0.0% decline compared with a previous 30 day period (January 29 - February 27) and 30.2% up from the same period a year ago. Over the past year an average of 131 homes are were sold per month.
7 condo units were sold in the last 30 days (February 28 - March 28) in New Tecumseth, which represents 9.1% of all sold properties. This is up 40.0% from the prior 30 day period (January 29 - February 27) and 12.5% less compared to the same period last year. There were 13 condos sold per month on average during the last 12 months.
14 townhomes were sold over the last 30 days (February 28 - March 28) in New Tecumseth, which is 18.2% of all sold real estate. This is a 133.3% more than during the previous 30 day period (January 29 - February 27) and 33.3% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 40 a month.
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