Kawartha Lakes Real Estate Statistics
Kawartha Lakes Real Estate Price Trend
Kawartha Lakes real estate average sold price in the last 30 days (January 21 - February 19) was $797,121, which is $69,634 (8.7%) higher than the average price of $727,487 in the previous 30 day period (December 22 - January 20), and $56,457 (7.1%) up from the same period 1 year ago ($740,664). Kawartha Lakes real estate prices over the last 30 days are also $73,756 (9.3%) higher than the average selling price of $723,365 over the past year.
Kawartha Lakes average sold price for homes was $817,057 in the last 30 days (January 21 - February 19), which is $63,199 (7.7%) up from the average home price of $753,858 in the previous 30 day period (December 22 - January 20), and $58,821 (7.2%) higher than the same period 1 year ago ($758,236). In the last 30 days Kawartha Lakes the average home price was $76,766 (9.4%) higher than the average selling price of $740,291 over the last 12 months.
Average Kawartha Lakes condo sold price over the last 30 days (January 21 - February 19) was $495,000. During this period it was $39,000 (7.9%) up from the average price of condo of $456,000 during the previous 30 days (December 22 - January 20), and $10,000 (2.0%) higher compared to the same period 1 year ago ($485,000). In the last 30 days Kawartha Lakes the average condo price was $10,278 (2.1%) lower than the average selling price of $505,278 over the last year.
Average sold price of Kawartha Lakes townhouse was $540,000 in the last 30 days (January 21 - February 19), up $38,467 (7.1%) from the average townhome price of $501,533 over the previous 30 days (December 22 - January 20), and $69,166 (12.8%) lower than during to the same period 1 year ago ($609,166). Over the last 30 days the average townhouse price in Kawartha Lakes was $46,830 (8.7%) lower compared to the average selling price of $586,830 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Kawartha Lakes real estate was $797,121 in the last 30 days (January 21 - February 19), which is collectively $23,800 (2.7%) lower than the average asking price of $872,852. This represents an increase of $3,917 (14.1%) compared to $27,717 (3.4%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).
The maximum Sold Over/Under Asking ratio in Kawartha Lakes during the last 12 months was recorded in April, 2024 with an average of $17,449 under the asking price, while the minimum occurring in November, 2024 with $32,021 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 Kawartha Lakes was 54.8% with 74 properties sold and 93 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 43.0% recorded during the previous 30 day period (December 22 - January 20), and an increase from 49.1% compared to the same period one year ago.
Over the the last year the highest SNLR in Kawartha Lakes was 190.9% recorded in December and the lowest was in May at 33.8%. 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 74 properties that were successfully sold in Kawartha Lakes in the last 30 days (January 21 - February 19) was 77 days, which is 20 days more than 57 days average in the previous 30 day period (December 22 - January 20) and 30 days longer than during the same period a year ago (47 days).
There were 81 delisted properties in Kawartha Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 91 days on the market. This is 15 days shorter than the average of 106 days during the previous 30 day period (December 22 - January 20) and 3 days less compared to the same period last year average of 94 days on the market.
81 Kawartha Lakes properties that didn't sell stayed on the market 18.2% longer than 74 that sucessfully sold over the last 30 days - 77 days when sold vs 91 days when delisted respectively.
Average Days on the Market in Kawartha Lakes over the past 12 months for properties that have sold was 43.9 days, with 83.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
135 new properties were listed on the market in Kawartha Lakes in the last 30 days (January 21 - February 19). During the same time 74 properties were sold and 81 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 20 properties (or 14.8%).
During the previous 30 day period (December 22 - January 20) there were 93 new properties listed, 40 sold and 113 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was July with 344 new properties listed, the slowest - December with 66 new listings and a yearly average of 240 new listings per month.
New Real Estate Listings by Property Type
There were a total of 125 homes listed during the last 30 days (January 21 - February 19), which is 92.6% of all properties listed in Kawartha Lakes. This is a 50.6% increase compared with a previous 30 day period (December 22 - January 20) and 20.4% down from the same period a year ago. Over the past year an average of 220 homes are were listed per month.
4 condo units were listed in the last 30 days (January 21 - February 19) in Kawartha Lakes, which represents 3.0% of all new listings. This is down 42.9% from the prior 30 day period (December 22 - January 20) and 33.3% less compared to the same period last year. There were 9 condos listed per month on average during the last 12 months.
6 townhomes were listed over the last 30 days (January 21 - February 19) in Kawartha Lakes, which is 4.4% of all new real estate inventory. This is a 100.0% more than during the previous 30 day period (December 22 - January 20) and 50.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 11 a month.
Real Estate Sales by Property Type
There were a total of 69 homes sold during the last 30 days (January 21 - February 19), which is 93.2% of all properties sold in Kawartha Lakes. This is a 91.7% increase compared with a previous 30 day period (December 22 - January 20) and 6.8% down from the same period a year ago. Over the past year an average of 107 homes are were sold per month.
2 condo units were sold in the last 30 days (January 21 - February 19) in Kawartha Lakes, which represents 2.7% of all sold properties. This is up 100.0% from the prior 30 day period (December 22 - January 20) and 0.0% less compared to the same period last year. There were 4 condos sold per month on average during the last 12 months.
3 townhomes were sold over the last 30 days (January 21 - February 19) in Kawartha Lakes, which is 4.1% of all sold real estate. This is a 0.0% less than during the previous 30 day period (December 22 - January 20) and 50.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.