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 (August 19 - September 17) was $634,750, which is $239,860 (37.8 %) lower than the average price of $874,610 in the previous 30 day period (July 20 - August 18), and $71,083 (11.2 %) down from the same period 1 year ago ($705,833). Galway-Cavendish and Harvey real estate prices over the last 30 days are also $167,067 (26.3 %) lower than the average selling price of $801,817 over the past year.
Galway-Cavendish and Harvey average sold price for homes was $634,750 in the last 30 days (August 19 - September 17), which is $239,860 (37.8 %) down from the average home price of $874,610 in the previous 30 day period (July 20 - August 18), and $71,083 (11.2 %) lower than the same period 1 year ago ($705,833). In the last 30 days Galway-Cavendish and Harvey the average home price was $168,606 (26.6 %) lower than the average selling price of $803,356 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Galway-Cavendish and Harvey real estate was $634,750 in the last 30 days (August 19 - September 17), which is collectively $6,000 (0.7 %) lower than the average asking price of $808,814. This represents a decline of $27,885 (127.4 %) compared to $21,885 (3.4 %) Sold-Over-Asking price from the previous 30 day period (July 20 - August 18).
The maximum Sold Over/Under Asking ratio in Galway-Cavendish and Harvey during the last 12 months was recorded in April, 2021 with an average of $96,943 over the asking price, while the minimum occurring in December, 2020 with $16,980 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 171.4 % with 12 properties sold and 10 new properties listed in the past 30 days (August 19 - September 17). This represents an increase from 160.0 % recorded during the previous 30 day period (July 20 - August 18), and a decrease from 171.4 % compared to the same period one year ago.
Over the the last year the highest SNLR in Galway-Cavendish and Harvey was 500.0 % recorded in December and the lowest was in February at 100.0 %. 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 12 properties that were successfully sold in Galway-Cavendish and Harvey in the last 30 days (August 19 - September 17) was 26 days, which is 4 days more than 22 days average in the previous 30 day period (July 20 - August 18) and 67 days shorter than during the same period a year ago (93 days).
There were 6 delisted properties in Galway-Cavendish and Harvey, those that got either Expired, Suspended or Terminated over the last 30 days (August 19 - September 17) with an average of 59 days on the market. This is 5 days longer than the average of 54 days during the previous 30 day period (July 20 - August 18) and 1 days less compared to the same period last year average of 60 days on the market.
6 Galway-Cavendish and Harvey properties that didn't sell stayed on the market 126.9 % longer than 12 that sucessfully sold over the last 30 days - 26 days when sold vs 59 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 32.6 days, with 55.2 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 (August 19 - September 17). During the same time 12 properties were sold and 6 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 11 properties (or 157.1 %).
During the previous 30 day period (July 20 - August 18) there were 10 new properties listed, 16 sold and 6 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 13 new properties listed, the slowest - December with 1 new listings and a yearly average of 7 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (August 19 - September 17), which is 100.0 % of all properties listed in Galway-Cavendish and Harvey. This is a 30.0 % decline compared with a previous 30 day period (July 20 - August 18) and 0.0 % down from the same period a year ago. Over the past year an average of 7 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 12 homes sold during the last 30 days (August 19 - September 17), 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 (July 20 - August 18) and 0.0 % down from the same period a year ago. Over the past year an average of 11 homes are were sold per month.
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