Galway-Cavendish and Harvey Real Estate Statistics

Galway-Cavendish and Harvey Real Estate Price Trend
Galway-Cavendish and Harvey real estate average sold price in the last 30 days (December 31 - January 29) was $711,166, which is $88,666 (12.5%) higher than the average price of $622,500 in the previous 30 day period (December 1 - December 30), and $468,834 (65.9%) down from the same period 1 year ago ($1,180,000). Galway-Cavendish and Harvey real estate prices over the last 30 days are also $251,212 (35.3%) lower than the average selling price of $962,378 over the past year.
Galway-Cavendish and Harvey average sold price for homes was $711,166 in the last 30 days (December 31 - January 29), which is $88,666 (12.5%) up from the average home price of $622,500 in the previous 30 day period (December 1 - December 30), and $468,834 (65.9%) lower than the same period 1 year ago ($1,180,000). In the last 30 days Galway-Cavendish and Harvey the average home price was $251,212 (35.3%) lower than the average selling price of $962,378 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Galway-Cavendish and Harvey real estate was $711,166 in the last 30 days (December 31 - January 29), which is collectively $8,766 (1.0%) lower than the average asking price of $899,142. This represents an increase of $21,134 (70.7%) compared to $29,900 (2.4%) Sold-Under-Asking price from the previous 30 day period (December 1 - December 30).
The maximum Sold Over/Under Asking ratio in Galway-Cavendish and Harvey during the last 12 months was recorded in February, 2022 with an average of $299,145 over the asking price, while the minimum occurring in July, 2022 with $87,758 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 Galway-Cavendish and Harvey was 42.9% with 3 properties sold and 3 new properties listed in the past 30 days (December 31 - January 29). This represents a decrease from 133.3% recorded during the previous 30 day period (December 1 - December 30), and a decrease from 75.0% compared to the same period one year ago.
Over the the last year the highest SNLR in Galway-Cavendish and Harvey was 133.3% recorded in December and the lowest was in September at 33.3%. 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 3 properties that were successfully sold in Galway-Cavendish and Harvey in the last 30 days (December 31 - January 29) was 25 days, which is 15 days less than 40 days average in the previous 30 day period (December 1 - December 30) and 15 days shorter than during the same period a year ago (40 days).
There were 4 delisted properties in Galway-Cavendish and Harvey, those that got either Expired, Suspended or Terminated over the last 30 days (December 31 - January 29) with an average of 67 days on the market. This is 11 days shorter than the average of 78 days during the previous 30 day period (December 1 - December 30) and 18 days more compared to the same period last year average of 49 days on the market.
4 Galway-Cavendish and Harvey properties that didn't sell stayed on the market 168.0% longer than 3 that sucessfully sold over the last 30 days - 25 days when sold vs 67 days when delisted respectively.
Average Days on the Market in Galway-Cavendish and Harvey over the past 12 months for properties that have sold was 26.2 days, with 56.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
7 new properties were listed on the market in Galway-Cavendish and Harvey in the last 30 days (December 31 - January 29). During the same time 3 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 0 properties (or 0.0%).
During the previous 30 day period (December 1 - December 30) there were 3 new properties listed, 4 sold and 9 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was July with 24 new properties listed, the slowest - December with 3 new listings and a yearly average of 14 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (December 31 - January 29), which is 100.0% of all properties listed in Galway-Cavendish and Harvey. This is a 133.3% increase compared with a previous 30 day period (December 1 - December 30) and 75.0% up from the same period a year ago. Over the past year an average of 14 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 3 homes sold during the last 30 days (December 31 - January 29), which is 100.0% of all properties sold in Galway-Cavendish and Harvey. This is a 25.0% decline compared with a previous 30 day period (December 1 - December 30) and 0.0% down from the same period a year ago. Over the past year an average of 10 homes are were sold per month.
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