Ramara Real Estate Statistics

Ramara Real Estate Price Trend
Ramara real estate average sold price in the last 30 days (March 26 - April 24) was $1,048,090, which is $348,448 (33.2%) higher than the average price of $699,642 in the previous 30 day period (February 25 - March 25), and $198,990 (19.0%) up from the same period 1 year ago ($849,100). Ramara real estate prices over the last 30 days are also $328,565 (31.3%) higher than the average selling price of $719,525 over the past year.
Ramara average sold price for homes was $1,048,090 in the last 30 days (March 26 - April 24), which is $316,257 (30.2%) up from the average home price of $731,833 in the previous 30 day period (February 25 - March 25), and $65,233 (6.2%) higher than the same period 1 year ago ($982,857). In the last 30 days Ramara the average home price was $267,268 (25.5%) higher than the average selling price of $780,822 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Ramara real estate was $1,048,090 in the last 30 days (March 26 - April 24), which is collectively $47,863 (5.1%) lower than the average asking price of $940,587. This represents an increase of $8,309 (14.8%) compared to $56,172 (4.6%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 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
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 18.6% with 11 properties sold and 54 new properties listed in the past 30 days (March 26 - April 24). This represents a decrease from 25.9% recorded during the previous 30 day period (February 25 - March 25), and a decrease from 34.5% 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 11 properties that were successfully sold in Ramara in the last 30 days (March 26 - April 24) was 30 days, which is 12 days less than 42 days average in the previous 30 day period (February 25 - March 25) and 12 days shorter than during the same period a year ago (42 days).
There were 37 delisted properties in Ramara, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 50 days on the market. This is 35 days shorter than the average of 85 days during the previous 30 day period (February 25 - March 25) and 11 days less compared to the same period last year average of 61 days on the market.
37 Ramara properties that didn't sell stayed on the market 66.7% longer than 11 that sucessfully sold over the last 30 days - 30 days when sold vs 50 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.
New Real Estate Listings vs Sold/Delisted
59 new properties were listed on the market in Ramara in the last 30 days (March 26 - April 24). During the same time 11 properties were sold and 37 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 11 properties (or 18.6%).
During the previous 30 day period (February 25 - March 25) there were 54 new properties listed, 14 sold and 19 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.
New Real Estate Listings by Property Type
There were a total of 49 homes listed during the last 30 days (March 26 - April 24), which is 83.1% of all properties listed in Ramara. This is a 19.5% increase compared with a previous 30 day period (February 25 - March 25) and 133.3% up from the same period a year ago. Over the past year an average of 33 homes are were listed per month.
7 townhomes were listed over the last 30 days (March 26 - April 24) in Ramara, which is 11.9% of all new real estate inventory. This is a 41.7% less than during the previous 30 day period (February 25 - March 25) and 12.5% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.
Real Estate Sales by Property Type
There were a total of 11 homes sold during the last 30 days (March 26 - April 24), which is 100.0% of all properties sold in Ramara. This is a 8.3% decline compared with a previous 30 day period (February 25 - March 25) and 57.1% up from the same period a year ago. Over the past year an average of 87 homes are were sold per month.
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