Galway-Cavendish and Harvey Real Estate Statistics

Galway-Cavendish and Harvey real estate average sold price in the last 30 days (December 19 - January 17) was $738,625, which is $70,155 (9.5%) higher than the average price of $668,470 in the previous 30 day period (November 19 - December 18), and $140,375 (19.0%) down from the same period 1 year ago ($879,000). Galway-Cavendish and Harvey real estate prices over the last 30 days are also $2,257 (0.3%) higher than the average selling price of $736,368 over the past year.

Galway-Cavendish and Harvey average sold price for homes was $738,625 in the last 30 days (December 19 - January 17), which is $70,155 (9.5%) up from the average home price of $668,470 in the previous 30 day period (November 19 - December 18), and $140,375 (19.0%) lower than the same period 1 year ago ($879,000). In the last 30 days Galway-Cavendish and Harvey the average home price was $2,257 (0.3%) higher than the average selling price of $736,368 over the last 12 months.

Average selling price for Galway-Cavendish and Harvey real estate was $738,625 in the last 30 days (December 19 - January 17), which is collectively $27,750 (2.6%) lower than the average asking price of $1,054,550. This represents an increase of $2,185 (7.3%) compared to $29,935 (3.0%) Sold-Under-Asking price from the previous 30 day period (November 19 - December 18).

The maximum Sold Over/Under Asking ratio in Galway-Cavendish and Harvey during the last 12 months was recorded in June, 2024 with an average of $8,149 under the asking price, while the minimum occurring in August, 2024 with $52,246 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 Galway-Cavendish and Harvey was 50.0% with 4 properties sold and 17 new properties listed in the past 30 days (December 19 - January 17). This represents a decrease from 100.0% recorded during the previous 30 day period (November 19 - December 18), and a decrease from 77.8% compared to the same period one year ago.

Over the the last year the highest SNLR in Galway-Cavendish and Harvey was 300.0% recorded in December and the lowest was in March at 19.6%. 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.

The Average Days on the Market (DOM) for 4 properties that were successfully sold in Galway-Cavendish and Harvey in the last 30 days (December 19 - January 17) was 101 days, which is 44 days more than 57 days average in the previous 30 day period (November 19 - December 18) and 27 days longer than during the same period a year ago (74 days).

There were 17 delisted properties in Galway-Cavendish and Harvey, those that got either Expired, Suspended or Terminated over the last 30 days (December 19 - January 17) with an average of 111 days on the market. This is 5 days shorter than the average of 116 days during the previous 30 day period (November 19 - December 18) and 9 days less compared to the same period last year average of 120 days on the market.

17 Galway-Cavendish and Harvey properties that didn't sell stayed on the market 9.9% longer than 4 that sucessfully sold over the last 30 days - 101 days when sold vs 111 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 45.8 days, with 91.9 days for those properties that did not sell.

8 new properties were listed on the market in Galway-Cavendish and Harvey in the last 30 days (December 19 - January 17). During the same time 4 properties were sold and 17 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 13 properties (or 162.5%).

During the previous 30 day period (November 19 - December 18) there were 17 new properties listed, 17 sold and 34 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was March with 51 new properties listed, the slowest - December with 5 new listings and a yearly average of 29 new listings per month.

There were a total of 8 homes listed during the last 30 days (December 19 - January 17), which is 100.0% of all properties listed in Galway-Cavendish and Harvey. This is a 52.9% decline compared with a previous 30 day period (November 19 - December 18) and 11.1% down from the same period a year ago. Over the past year an average of 29 homes are were listed per month.

There were a total of 4 homes sold during the last 30 days (December 19 - January 17), which is 100.0% of all properties sold in Galway-Cavendish and Harvey. This is a 76.5% decline compared with a previous 30 day period (November 19 - December 18) and 42.9% down from the same period a year ago. Over the past year an average of 12 homes are were sold per month.