New Tecumseth Real Estate Statistics
New Tecumseth Real Estate Price Trend
New Tecumseth real estate average sold price in the last 30 days (October 23 - November 21) was $775,283, which is $71,657 (9.2%) lower than the average price of $846,940 in the previous 30 day period (September 23 - October 22), and $121,243 (15.6%) down from the same period 1 year ago ($896,526). New Tecumseth real estate prices over the last 30 days are also $80,810 (10.4%) lower than the average selling price of $856,093 over the past year.
New Tecumseth average sold price for homes was $838,977 in the last 30 days (October 23 - November 21), which is $46,023 (5.5%) down from the average home price of $885,000 in the previous 30 day period (September 23 - October 22), and $172,689 (20.6%) lower than the same period 1 year ago ($1,011,666). In the last 30 days New Tecumseth the average home price was $90,088 (10.7%) lower than the average selling price of $929,065 over the last 12 months.
Average New Tecumseth condo sold price over the last 30 days (October 23 - November 21) was $608,000. During this period it was $183,666 (30.2%) down from the average price of condo of $791,666 during the previous 30 days (September 23 - October 22), and $80,142 (13.2%) lower compared to the same period 1 year ago ($688,142). In the last 30 days New Tecumseth the average condo price was $58,338 (9.6%) lower than the average selling price of $666,338 over the last year.
Average sold price of New Tecumseth townhouse was $712,500 in the last 30 days (October 23 - November 21), up $2,305 (0.3%) from the average townhome price of $710,195 over the previous 30 days (September 23 - October 22), and $2,358 (0.3%) higher than during to the same period 1 year ago ($710,142). Over the last 30 days the average townhouse price in New Tecumseth was $8,164 (1.1%) higher compared to the average selling price of $704,336 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for New Tecumseth real estate was $775,283 in the last 30 days (October 23 - November 21), which is collectively $22,193 (2.4%) lower than the average asking price of $906,789. This represents a decline of $8,043 (56.8%) compared to $14,150 (1.4%) Sold-Under-Asking price from the previous 30 day period (September 23 - October 22).
The maximum Sold Over/Under Asking ratio in New Tecumseth during the last 12 months was recorded in June, 2024 with an average of $5,636 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 59.8% with 67 properties sold and 136 new properties listed in the past 30 days (October 23 - November 21). This represents an increase from 50.0% recorded during the previous 30 day period (September 23 - October 22), and an increase from 41.3% compared to the same period one year ago.
Over the the last year the highest SNLR in New Tecumseth was 94.3% recorded in August and the lowest was in May at 35.2%. 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 67 properties that were successfully sold in New Tecumseth in the last 30 days (October 23 - November 21) was 37 days, which is 8 days more than 29 days average in the previous 30 day period (September 23 - October 22) and 6 days longer than during the same period a year ago (31 days).
There were 108 delisted properties in New Tecumseth, those that got either Expired, Suspended or Terminated over the last 30 days (October 23 - November 21) with an average of 65 days on the market. This is 12 days shorter than the average of 77 days during the previous 30 day period (September 23 - October 22) and 6 days more compared to the same period last year average of 59 days on the market.
108 New Tecumseth properties that didn't sell stayed on the market 75.7% longer than 67 that sucessfully sold over the last 30 days - 37 days when sold vs 65 days when delisted respectively.
Average Days on the Market in New Tecumseth over the past 12 months for properties that have sold was 35.5 days, with 65.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
112 new properties were listed on the market in New Tecumseth in the last 30 days (October 23 - November 21). During the same time 67 properties were sold and 108 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 63 properties (or 56.2%).
During the previous 30 day period (September 23 - October 22) there were 136 new properties listed, 68 sold and 87 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 163 new properties listed, the slowest - December with 36 new listings and a yearly average of 120 new listings per month.
New Real Estate Listings by Property Type
There were a total of 79 homes listed during the last 30 days (October 23 - November 21), which is 70.5% of all properties listed in New Tecumseth. This is a 24.8% decline compared with a previous 30 day period (September 23 - October 22) and 17.9% up from the same period a year ago. Over the past year an average of 90 homes are were listed per month.
12 condo units were listed in the last 30 days (October 23 - November 21) in New Tecumseth, which represents 10.7% of all new listings. This is down 33.3% from the prior 30 day period (September 23 - October 22) and 33.3% more compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.
21 townhomes were listed over the last 30 days (October 23 - November 21) in New Tecumseth, which is 18.8% of all new real estate inventory. This is a 61.5% more than during the previous 30 day period (September 23 - October 22) and 31.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 18 a month.
Real Estate Sales by Property Type
There were a total of 44 homes sold during the last 30 days (October 23 - November 21), which is 65.7% of all properties sold in New Tecumseth. This is a 10.2% decline compared with a previous 30 day period (September 23 - October 22) and 83.3% up from the same period a year ago. Over the past year an average of 44 homes are were sold per month.
13 condo units were sold in the last 30 days (October 23 - November 21) in New Tecumseth, which represents 19.4% of all sold properties. This is up 44.4% from the prior 30 day period (September 23 - October 22) and 85.7% more compared to the same period last year. There were 8 condos sold per month on average during the last 12 months.
10 townhomes were sold over the last 30 days (October 23 - November 21) in New Tecumseth, which is 14.9% of all sold real estate. This is a 0.0% less than during the previous 30 day period (September 23 - October 22) and 42.9% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 12 a month.