Kawartha Lakes Real Estate Statistics
Kawartha Lakes Real Estate Price Trend
Kawartha Lakes real estate average sold price in the last 30 days (October 21 - November 19) was $692,132, which is $22,090 (3.2%) lower than the average price of $714,222 in the previous 30 day period (September 21 - October 20), and $50,671 (7.3%) up from the same period 1 year ago ($641,461). Kawartha Lakes real estate prices over the last 30 days are also $32,502 (4.7%) lower than the average selling price of $724,634 over the past year.
Kawartha Lakes average sold price for homes was $698,286 in the last 30 days (October 21 - November 19), which is $23,621 (3.4%) down from the average home price of $721,907 in the previous 30 day period (September 21 - October 20), and $51,645 (7.4%) higher than the same period 1 year ago ($646,641). In the last 30 days Kawartha Lakes the average home price was $41,476 (5.9%) lower than the average selling price of $739,762 over the last 12 months.
Average Kawartha Lakes condo sold price over the last 30 days (October 21 - November 19) was $465,000. During this period it was $96,000 (20.6%) down from the average price of condo of $561,000 during the previous 30 days (September 21 - October 20), and $102,300 (22.0%) lower compared to the same period 1 year ago ($567,300). In the last 30 days Kawartha Lakes the average condo price was $14,869 (3.2%) higher than the average selling price of $450,131 over the last year.
Average sold price of Kawartha Lakes townhouse was $586,950 in the last 30 days (October 21 - November 19), up $38,075 (6.5%) from the average townhome price of $548,875 over the previous 30 days (September 21 - October 20), and $73,050 (12.4%) lower than during to the same period 1 year ago ($660,000). Over the last 30 days the average townhouse price in Kawartha Lakes was $2,357 (0.4%) higher compared to the average selling price of $584,593 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Kawartha Lakes real estate was $692,132 in the last 30 days (October 21 - November 19), which is collectively $27,908 (3.5%) lower than the average asking price of $805,847. This represents a decline of $2,357 (9.2%) compared to $25,551 (2.8%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 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 51.1% with 112 properties sold and 229 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 48.5% recorded during the previous 30 day period (September 21 - October 20), and an increase from 43.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Kawartha Lakes was 117.4% recorded in November 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 112 properties that were successfully sold in Kawartha Lakes in the last 30 days (October 21 - November 19) was 43 days, which is 0 days more than 43 days average in the previous 30 day period (September 21 - October 20) and 1 days shorter than during the same period a year ago (44 days).
There were 222 delisted properties in Kawartha Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 93 days on the market. This is 1 days longer than the average of 92 days during the previous 30 day period (September 21 - October 20) and 24 days more compared to the same period last year average of 69 days on the market.
222 Kawartha Lakes properties that didn't sell stayed on the market 116.3% longer than 112 that sucessfully sold over the last 30 days - 43 days when sold vs 93 days when delisted respectively.
Average Days on the Market in Kawartha Lakes over the past 12 months for properties that have sold was 42.8 days, with 78.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
219 new properties were listed on the market in Kawartha Lakes in the last 30 days (October 21 - November 19). During the same time 112 properties were sold and 222 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 115 properties (or 52.5%).
During the previous 30 day period (September 21 - October 20) there were 229 new properties listed, 111 sold and 179 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 237 new listings per month.
New Real Estate Listings by Property Type
There were a total of 194 homes listed during the last 30 days (October 21 - November 19), which is 88.6% of all properties listed in Kawartha Lakes. This is a 10.6% decline compared with a previous 30 day period (September 21 - October 20) and 22.0% up from the same period a year ago. Over the past year an average of 218 homes are were listed per month.
11 condo units were listed in the last 30 days (October 21 - November 19) in Kawartha Lakes, which represents 5.0% of all new listings. This is up 450.0% from the prior 30 day period (September 21 - October 20) and 120.0% more compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.
14 townhomes were listed over the last 30 days (October 21 - November 19) in Kawartha Lakes, which is 6.4% of all new real estate inventory. This is a 40.0% more than during the previous 30 day period (September 21 - October 20) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 10 a month.
Real Estate Sales by Property Type
There were a total of 108 homes sold during the last 30 days (October 21 - November 19), which is 96.4% of all properties sold in Kawartha Lakes. This is a 1.9% increase compared with a previous 30 day period (September 21 - October 20) and 58.8% up 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 (October 21 - November 19) in Kawartha Lakes, which represents 1.8% of all sold properties. This is up 100.0% from the prior 30 day period (September 21 - October 20) and 60.0% less compared to the same period last year. There were 4 condos sold per month on average during the last 12 months.
2 townhomes were sold over the last 30 days (October 21 - November 19) in Kawartha Lakes, which is 1.8% of all sold real estate. This is a 50.0% less than during the previous 30 day period (September 21 - October 20) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.