Galway-Cavendish and Harvey Real Estate Statistics

Galway-Cavendish and Harvey real estate average sold price in the last 30 days (January 21 - February 19) was $537,500, which is $230,666 (42.9%) lower than the average price of $768,166 in the previous 30 day period (December 22 - January 20), and $192,500 (35.8%) down from the same period 1 year ago ($730,000). Galway-Cavendish and Harvey real estate prices over the last 30 days are also $197,150 (36.7%) lower than the average selling price of $734,650 over the past year.

Galway-Cavendish and Harvey average sold price for homes was $537,500 in the last 30 days (January 21 - February 19), which is $230,666 (42.9%) down from the average home price of $768,166 in the previous 30 day period (December 22 - January 20), and $192,500 (35.8%) lower than the same period 1 year ago ($730,000). In the last 30 days Galway-Cavendish and Harvey the average home price was $197,150 (36.7%) lower than the average selling price of $734,650 over the last 12 months.

Average selling price for Galway-Cavendish and Harvey real estate was $537,500 in the last 30 days (January 21 - February 19), which is collectively $13,425 (1.3%) lower than the average asking price of $1,012,664. This represents an increase of $20,708 (60.7%) compared to $34,133 (3.8%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

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 28.6% with 4 properties sold and 10 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 30.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 28.6% 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 January at 25.0%. 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.

The Average Days on the Market (DOM) for 4 properties that were successfully sold in Galway-Cavendish and Harvey in the last 30 days (January 21 - February 19) was 47 days, which is 3 days less than 50 days average in the previous 30 day period (December 22 - January 20) and 7 days shorter than during the same period a year ago (54 days).

There were 9 delisted properties in Galway-Cavendish and Harvey, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 142 days on the market. This is 31 days longer than the average of 111 days during the previous 30 day period (December 22 - January 20) and 66 days more compared to the same period last year average of 76 days on the market.

9 Galway-Cavendish and Harvey properties that didn't sell stayed on the market 202.1% longer than 4 that sucessfully sold over the last 30 days - 47 days when sold vs 142 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 44.2 days, with 90.9 days for those properties that did not sell.

14 new properties were listed on the market in Galway-Cavendish and Harvey in the last 30 days (January 21 - February 19). During the same time 4 properties were sold and 9 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 7.1%).

During the previous 30 day period (December 22 - January 20) there were 10 new properties listed, 3 sold and 17 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 44 new properties listed, the slowest - December with 5 new listings and a yearly average of 28 new listings per month.

There were a total of 14 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Galway-Cavendish and Harvey. This is a 40.0% increase compared with a previous 30 day period (December 22 - January 20) and 100.0% up from the same period a year ago. Over the past year an average of 28 homes are were listed per month.

There were a total of 4 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Galway-Cavendish and Harvey. This is a 33.3% increase compared with a previous 30 day period (December 22 - January 20) and 100.0% up from the same period a year ago. Over the past year an average of 12 homes are were sold per month.