Ramara Real Estate Statistics

Ramara real estate average sold price in the last 30 days (June 26 - July 25) was $660,388, which is $197,912 (30.0%) lower than the average price of $858,300 in the previous 30 day period (May 27 - June 25), and $8,759 (1.3%) down from the same period 1 year ago ($669,147). Ramara real estate prices over the last 30 days are also $64,579 (9.8%) lower than the average selling price of $724,967 over the past year.

Ramara average sold price for homes was $709,187 in the last 30 days (June 26 - July 25), which is $122,594 (17.3%) down from the average home price of $831,781 in the previous 30 day period (May 27 - June 25), and $26,183 (3.7%) higher than the same period 1 year ago ($683,004). In the last 30 days Ramara the average home price was $54,554 (7.7%) lower than the average selling price of $763,740 over the last 12 months.

Average selling price for Ramara real estate was $660,388 in the last 30 days (June 26 - July 25), which is collectively $28,788 (3.8%) lower than the average asking price of $762,800. This represents an increase of $17,753 (38.1%) compared to $46,541 (4.3%) Sold-Under-Asking price from the previous 30 day period (May 27 - June 25).

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 20.0% with 9 properties sold and 50 new properties listed in the past 30 days (June 26 - July 25). This represents a decrease from 24.0% recorded during the previous 30 day period (May 27 - June 25), and a decrease from 1,404.1% 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 9 properties that were successfully sold in Ramara in the last 30 days (June 26 - July 25) was 76 days, which is 29 days more than 47 days average in the previous 30 day period (May 27 - June 25) and 38 days longer than during the same period a year ago (38 days).

There were 39 delisted properties in Ramara, those that got either Expired, Suspended or Terminated over the last 30 days (June 26 - July 25) with an average of 85 days on the market. This is 17 days longer than the average of 68 days during the previous 30 day period (May 27 - June 25) and 36 days more compared to the same period last year average of 49 days on the market.

39 Ramara properties that didn't sell stayed on the market 11.8% longer than 9 that sucessfully sold over the last 30 days - 76 days when sold vs 85 days when delisted respectively.

Average Days on the Market in Ramara over the past 12 months for properties that have sold was 36.2 days, with 69.7 days for those properties that did not sell.

45 new properties were listed on the market in Ramara in the last 30 days (June 26 - July 25). During the same time 9 properties were sold and 39 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 6.7%).

During the previous 30 day period (May 27 - June 25) there were 50 new properties listed, 12 sold and 29 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was April with 66 new properties listed, the slowest - December with 14 new listings and a yearly average of 42 new listings per month.

There were a total of 34 homes listed during the last 30 days (June 26 - July 25), which is 75.6% of all properties listed in Ramara. This is a 19.0% decline compared with a previous 30 day period (May 27 - June 25) and 22.7% down from the same period a year ago. Over the past year an average of 36 homes are were listed per month.

9 townhomes were listed over the last 30 days (June 26 - July 25) in Ramara, which is 20.0% of all new real estate inventory. This is a 28.6% more than during the previous 30 day period (May 27 - June 25) and 80.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 5 a month.

There were a total of 8 homes sold during the last 30 days (June 26 - July 25), which is 88.9% of all properties sold in Ramara. This is a 27.3% decline compared with a previous 30 day period (May 27 - June 25) and 98.8% down from the same period a year ago. Over the past year an average of 87 homes are were sold per month.