New Tecumseth Real Estate Statistics
New Tecumseth Real Estate Price Trend
New Tecumseth real estate average sold price in the last 30 days (March 27 - April 25) was $886,432, which is $24,278 (2.7%) lower than the average price of $910,710 in the previous 30 day period (February 26 - March 26), and $2,762 (0.3%) up from the same period 1 year ago ($883,670). New Tecumseth real estate prices over the last 30 days are also $19,767 (2.2%) higher than the average selling price of $866,665 over the past year.
New Tecumseth average sold price for homes was $996,870 in the last 30 days (March 27 - April 25), which is $37,445 (3.8%) up from the average home price of $959,425 in the previous 30 day period (February 26 - March 26), and $51,331 (5.1%) higher than the same period 1 year ago ($945,539). In the last 30 days New Tecumseth the average home price was $67,870 (6.8%) higher than the average selling price of $929,000 over the last 12 months.
Average New Tecumseth condo sold price over the last 30 days (March 27 - April 25) was $673,323. During this period it was $209,302 (31.1%) down from the average price of condo of $882,625 during the previous 30 days (February 26 - March 26), and $149,784 (22.2%) lower compared to the same period 1 year ago ($823,107). In the last 30 days New Tecumseth the average condo price was $46,114 (6.8%) lower than the average selling price of $719,437 over the last year.
Average sold price of New Tecumseth townhouse was $750,785 in the last 30 days (March 27 - April 25), up $21,823 (2.9%) from the average townhome price of $728,962 over the previous 30 days (February 26 - March 26), and $50,080 (6.7%) higher than during to the same period 1 year ago ($700,705). Over the last 30 days the average townhouse price in New Tecumseth was $47,461 (6.3%) higher compared to the average selling price of $703,324 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for New Tecumseth real estate was $886,432 in the last 30 days (March 27 - April 25), which is collectively $22,585 (2.3%) lower than the average asking price of $972,611. This represents a decline of $9,004 (66.3%) compared to $13,581 (1.4%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).
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 65.9% with 81 properties sold and 127 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 64.6% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 78.2% 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 81 properties that were successfully sold in New Tecumseth in the last 30 days (March 27 - April 25) was 30 days, which is 6 days more than 24 days average in the previous 30 day period (February 26 - March 26) and 5 days longer than during the same period a year ago (25 days).
There were 65 delisted properties in New Tecumseth, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 47 days on the market. This is 4 days shorter than the average of 51 days during the previous 30 day period (February 26 - March 26) and 10 days less compared to the same period last year average of 57 days on the market.
65 New Tecumseth properties that didn't sell stayed on the market 56.7% longer than 81 that sucessfully sold over the last 30 days - 30 days when sold vs 47 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 56.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
123 new properties were listed on the market in New Tecumseth in the last 30 days (March 27 - April 25). During the same time 81 properties were sold and 65 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 23 properties (or 18.7%).
During the previous 30 day period (February 26 - March 26) there were 127 new properties listed, 82 sold and 36 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 97 homes listed during the last 30 days (March 27 - April 25), which is 78.9% of all properties listed in New Tecumseth. This is a 7.8% increase compared with a previous 30 day period (February 26 - March 26) and 15.5% up from the same period a year ago. Over the past year an average of 78 homes are were listed per month.
8 condo units were listed in the last 30 days (March 27 - April 25) in New Tecumseth, which represents 6.5% of all new listings. This is down 46.7% from the prior 30 day period (February 26 - March 26) and 57.9% less compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.
18 townhomes were listed over the last 30 days (March 27 - April 25) in New Tecumseth, which is 14.6% of all new real estate inventory. This is a 18.2% less than during the previous 30 day period (February 26 - March 26) and 12.5% 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 50 homes sold during the last 30 days (March 27 - April 25), which is 61.7% of all properties sold in New Tecumseth. This is a 19.4% decline compared with a previous 30 day period (February 26 - March 26) and 20.6% down from the same period a year ago. Over the past year an average of 131 homes are were sold per month.
17 condo units were sold in the last 30 days (March 27 - April 25) in New Tecumseth, which represents 21.0% of all sold properties. This is up 325.0% from the prior 30 day period (February 26 - March 26) and 30.8% more 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 (March 27 - April 25) in New Tecumseth, which is 17.3% of all sold real estate. This is a 12.5% less than during the previous 30 day period (February 26 - March 26) and 17.6% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 39 a month.