Kawartha Lakes Real Estate Statistics
Kawartha Lakes Real Estate Price Trend
Kawartha Lakes real estate average sold price in the last 30 days (November 21 - December 20) was $661,078, which is $21,094 (3.2%) lower than the average price of $682,172 in the previous 30 day period (October 22 - November 20), and $38,915 (5.9%) down from the same period 1 year ago ($699,993). Kawartha Lakes real estate prices over the last 30 days are also $66,141 (10.0%) lower than the average selling price of $727,219 over the past year.
Kawartha Lakes average sold price for homes was $671,588 in the last 30 days (November 21 - December 20), which is $16,212 (2.4%) down from the average home price of $687,800 in the previous 30 day period (October 22 - November 20), and $38,675 (5.8%) lower than the same period 1 year ago ($710,263). In the last 30 days Kawartha Lakes the average home price was $70,711 (10.5%) lower than the average selling price of $742,299 over the last 12 months.
Average Kawartha Lakes condo sold price over the last 30 days (November 21 - December 20) was $526,980. During this period it was $61,980 (11.8%) up from the average price of condo of $465,000 during the previous 30 days (October 22 - November 20), and $26,980 (5.1%) higher compared to the same period 1 year ago ($500,000). In the last 30 days Kawartha Lakes the average condo price was $76,313 (14.5%) higher than the average selling price of $450,667 over the last year.
Average sold price of Kawartha Lakes townhouse was $592,500 in the last 30 days (November 21 - December 20), up $5,550 (0.9%) from the average townhome price of $586,950 over the previous 30 days (October 22 - November 20), and $113,358 (19.1%) higher than during to the same period 1 year ago ($479,142). Over the last 30 days the average townhouse price in Kawartha Lakes was $2,132 (0.4%) lower compared to the average selling price of $594,632 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Kawartha Lakes real estate was $661,078 in the last 30 days (November 21 - December 20), which is collectively $34,922 (4.3%) lower than the average asking price of $813,772. This represents a decline of $6,879 (24.5%) compared to $28,043 (3.5%) Sold-Under-Asking price from the previous 30 day period (October 22 - November 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 December, 2023 with $49,689 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 87.8% with 129 properties sold and 218 new properties listed in the past 30 days (November 21 - December 20). This represents an increase from 52.8% recorded during the previous 30 day period (October 22 - November 20), and a decrease from 152.1% compared to the same period one year ago.
Over the the last year the highest SNLR in Kawartha Lakes was 64.6% recorded in April 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 129 properties that were successfully sold in Kawartha Lakes in the last 30 days (November 21 - December 20) was 53 days, which is 11 days more than 42 days average in the previous 30 day period (October 22 - November 20) and 15 days longer than during the same period a year ago (38 days).
There were 191 delisted properties in Kawartha Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (November 21 - December 20) with an average of 94 days on the market. This is 1 days longer than the average of 93 days during the previous 30 day period (October 22 - November 20) and 15 days more compared to the same period last year average of 79 days on the market.
191 Kawartha Lakes properties that didn't sell stayed on the market 77.4% longer than 129 that sucessfully sold over the last 30 days - 53 days when sold vs 94 days when delisted respectively.
Average Days on the Market in Kawartha Lakes over the past 12 months for properties that have sold was 44.2 days, with 80.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
147 new properties were listed on the market in Kawartha Lakes in the last 30 days (November 21 - December 20). During the same time 129 properties were sold and 191 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 173 properties (or 117.7%).
During the previous 30 day period (October 22 - November 20) there were 218 new properties listed, 115 sold and 221 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 84 new listings and a yearly average of 242 new listings per month.
New Real Estate Listings by Property Type
There were a total of 119 homes listed during the last 30 days (November 21 - December 20), which is 81.0% of all properties listed in Kawartha Lakes. This is a 38.3% decline compared with a previous 30 day period (October 22 - November 20) and 9.2% up from the same period a year ago. Over the past year an average of 222 homes are were listed per month.
15 condo units were listed in the last 30 days (November 21 - December 20) in Kawartha Lakes, which represents 10.2% of all new listings. This is up 36.4% from the prior 30 day period (October 22 - November 20) and 1,400.0% more compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.
13 townhomes were listed over the last 30 days (November 21 - December 20) in Kawartha Lakes, which is 8.8% of all new real estate inventory. This is a 7.1% less than during the previous 30 day period (October 22 - November 20) and 85.7% 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 116 homes sold during the last 30 days (November 21 - December 20), which is 89.9% of all properties sold in Kawartha Lakes. This is a 4.5% increase compared with a previous 30 day period (October 22 - November 20) and 31.8% down from the same period a year ago. Over the past year an average of 101 homes are were sold per month.
5 condo units were sold in the last 30 days (November 21 - December 20) in Kawartha Lakes, which represents 3.9% of all sold properties. This is up 150.0% from the prior 30 day period (October 22 - November 20) and 400.0% more compared to the same period last year. There were 4 condos sold per month on average during the last 12 months.
8 townhomes were sold over the last 30 days (November 21 - December 20) in Kawartha Lakes, which is 6.2% of all sold real estate. This is a 300.0% more than during the previous 30 day period (October 22 - November 20) and 14.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.