Ramara Real Estate Statistics

Ramara real estate average sold price in the last 30 days (March 20 - April 18) was $921,250, which is $146,608 (15.9%) higher than the average price of $774,642 in the previous 30 day period (February 19 - March 19), and $85,250 (9.3%) up from the same period 1 year ago ($836,000). Ramara real estate prices over the last 30 days are also $201,725 (21.9%) higher than the average selling price of $719,525 over the past year.

Ramara average sold price for homes was $921,250 in the last 30 days (March 20 - April 18), which is $76,978 (8.4%) up from the average home price of $844,272 in the previous 30 day period (February 19 - March 19), and $26,875 (2.9%) lower than the same period 1 year ago ($948,125). In the last 30 days Ramara the average home price was $140,428 (15.2%) higher than the average selling price of $780,822 over the last 12 months.

Average selling price for Ramara real estate was $921,250 in the last 30 days (March 20 - April 18), which is collectively $58,518 (6.5%) lower than the average asking price of $896,387. This represents an increase of $3,030 (4.9%) compared to $61,548 (4.6%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Ramara during the last 12 months was recorded in December, 2023 with an average of $48,086 over the asking price, while the minimum occurring in March, 2024 with $62,138 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 Ramara was 12.7% with 8 properties sold and 50 new properties listed in the past 30 days (March 20 - April 18). This represents a decrease from 28.0% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 40.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Ramara was 1,781.8% recorded in July and the lowest was in March at 19.0%. 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 8 properties that were successfully sold in Ramara in the last 30 days (March 20 - April 18) was 28 days, which is 18 days less than 46 days average in the previous 30 day period (February 19 - March 19) and 11 days shorter than during the same period a year ago (39 days).

There were 33 delisted properties in Ramara, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 71 days on the market. This is 24 days shorter than the average of 95 days during the previous 30 day period (February 19 - March 19) and 9 days more compared to the same period last year average of 62 days on the market.

33 Ramara properties that didn't sell stayed on the market 153.6% longer than 8 that sucessfully sold over the last 30 days - 28 days when sold vs 71 days when delisted respectively.

Average Days on the Market in Ramara over the past 12 months for properties that have sold was 33.0 days, with 66.7 days for those properties that did not sell.

63 new properties were listed on the market in Ramara in the last 30 days (March 20 - April 18). During the same time 8 properties were sold and 33 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 22 properties (or 34.9%).

During the previous 30 day period (February 19 - March 19) there were 50 new properties listed, 14 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 March with 58 new properties listed, the slowest - December with 14 new listings and a yearly average of 40 new listings per month.

There were a total of 50 homes listed during the last 30 days (March 20 - April 18), which is 79.4% of all properties listed in Ramara. This is a 19.0% increase compared with a previous 30 day period (February 19 - March 19) and 212.5% up from the same period a year ago. Over the past year an average of 33 homes are were listed per month.

11 townhomes were listed over the last 30 days (March 20 - April 18) in Ramara, which is 17.5% of all new real estate inventory. This is a 57.1% more than during the previous 30 day period (February 19 - March 19) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.

There were a total of 8 homes sold during the last 30 days (March 20 - April 18), which is 100.0% of all properties sold in Ramara. This is a 27.3% decline compared with a previous 30 day period (February 19 - March 19) and 0.0% down from the same period a year ago. Over the past year an average of 87 homes are were sold per month.