Galway-Cavendish and Harvey Real Estate Statistics

Galway-Cavendish and Harvey real estate average sold price in the last 30 days (March 20 - April 18) was $646,789, which is $204,086 (31.6%) lower than the average price of $850,875 in the previous 30 day period (February 19 - March 19), and $330,073 (51.0%) down from the same period 1 year ago ($976,862). Galway-Cavendish and Harvey real estate prices over the last 30 days are also $115,246 (17.8%) lower than the average selling price of $762,035 over the past year.

Galway-Cavendish and Harvey average sold price for homes was $646,789 in the last 30 days (March 20 - April 18), which is $204,086 (31.6%) down from the average home price of $850,875 in the previous 30 day period (February 19 - March 19), and $330,073 (51.0%) lower than the same period 1 year ago ($976,862). In the last 30 days Galway-Cavendish and Harvey the average home price was $115,394 (17.8%) lower than the average selling price of $762,183 over the last 12 months.

Average selling price for Galway-Cavendish and Harvey real estate was $646,789 in the last 30 days (March 20 - April 18), which is collectively $26,805 (2.5%) lower than the average asking price of $1,060,773. This represents an increase of $10,932 (29.0%) compared to $37,737 (4.0%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Galway-Cavendish and Harvey during the last 12 months was recorded in October, 2023 with an average of $10,697 under the asking price, while the minimum occurring in November, 2023 with $55,300 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 48.7% with 19 properties sold and 46 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 17.4% recorded during the previous 30 day period (February 19 - March 19), and an increase from 44.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Galway-Cavendish and Harvey was 3,547.6% recorded in September 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 19 properties that were successfully sold in Galway-Cavendish and Harvey in the last 30 days (March 20 - April 18) was 12 days, which is 26 days less than 38 days average in the previous 30 day period (February 19 - March 19) and 27 days shorter than during the same period a year ago (39 days).

There were 19 delisted properties in Galway-Cavendish and Harvey, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 89 days on the market. This is 12 days shorter than the average of 101 days during the previous 30 day period (February 19 - March 19) and 23 days less compared to the same period last year average of 112 days on the market.

19 Galway-Cavendish and Harvey properties that didn't sell stayed on the market 641.7% longer than 19 that sucessfully sold over the last 30 days - 12 days when sold vs 89 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 82.3 days for those properties that did not sell.

39 new properties were listed on the market in Galway-Cavendish and Harvey in the last 30 days (March 20 - April 18). During the same time 19 properties were sold and 19 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 2.6%).

During the previous 30 day period (February 19 - March 19) there were 46 new properties listed, 8 sold and 15 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 23 new listings per month.

There were a total of 39 homes listed during the last 30 days (March 20 - April 18), which is 100.0% of all properties listed in Galway-Cavendish and Harvey. This is a 15.2% decline compared with a previous 30 day period (February 19 - March 19) and 116.7% up from the same period a year ago. Over the past year an average of 23 homes are were listed per month.

There were a total of 19 homes sold during the last 30 days (March 20 - April 18), which is 100.0% of all properties sold in Galway-Cavendish and Harvey. This is a 137.5% increase compared with a previous 30 day period (February 19 - March 19) and 137.5% up from the same period a year ago. Over the past year an average of 197 homes are were sold per month.