Ramara Real Estate Statistics

Ramara Real Estate Price Trend
Ramara real estate average sold price in the last 30 days (November 8 - December 7) was $914,901, which is $40,087 (4.4 %) lower than the average price of $954,988 in the previous 30 day period (October 9 - November 7), and $203,516 (22.2 %) up from the same period 1 year ago ($711,385). Ramara real estate prices over the last 30 days are also $103,583 (11.3 %) higher than the average selling price of $811,318 over the past year.
Ramara average sold price for homes was $996,947 in the last 30 days (November 8 - December 7), which is $28,460 (2.9 %) down from the average home price of $1,025,407 in the previous 30 day period (October 9 - November 7), and $285,562 (28.6 %) higher than the same period 1 year ago ($711,385). In the last 30 days Ramara the average home price was $121,358 (12.2 %) higher than the average selling price of $875,589 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Ramara real estate was $914,901 in the last 30 days (November 8 - December 7), which is collectively $52,376 (5.6 %) higher than the average asking price of $932,075. This represents a decline of $20,240 (27.9 %) compared to $72,616 (8.6 %) Sold-Over-Asking price from the previous 30 day period (October 9 - November 7).
The maximum Sold Over/Under Asking ratio in Ramara during the last 12 months was recorded in May, 2021 with an average of $56,532 over the asking price, while the minimum occurring in September, 2021 with $18,377 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 96.2 % with 25 properties sold and 32 new properties listed in the past 30 days (November 8 - December 7). This represents an increase from 68.8 % recorded during the previous 30 day period (October 9 - November 7), and an increase from 77.8 % compared to the same period one year ago.
Over the the last year the highest SNLR in Ramara was 240.0 % recorded in December and the lowest was in October at 55.6 %. 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 25 properties that were successfully sold in Ramara in the last 30 days (November 8 - December 7) was 21 days, which is 9 days more than 12 days average in the previous 30 day period (October 9 - November 7) and 11 days longer than during the same period a year ago (10 days).
There were 12 delisted properties in Ramara, those that got either Expired, Suspended or Terminated over the last 30 days (November 8 - December 7) with an average of 44 days on the market. This is 15 days longer than the average of 29 days during the previous 30 day period (October 9 - November 7) and 18 days less compared to the same period last year average of 62 days on the market.
12 Ramara properties that didn't sell stayed on the market 109.5 % longer than 25 that sucessfully sold over the last 30 days - 21 days when sold vs 44 days when delisted respectively.
Average Days on the Market in Ramara over the past 12 months for properties that have sold was 20.6 days, with 58.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
26 new properties were listed on the market in Ramara in the last 30 days (November 8 - December 7). During the same time 25 properties were sold and 12 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 11 properties (or 42.3 %).
During the previous 30 day period (October 9 - November 7) there were 32 new properties listed, 22 sold and 12 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 43 new properties listed, the slowest - December with 5 new listings and a yearly average of 26 new listings per month.
New Real Estate Listings by Property Type
There were a total of 21 homes listed during the last 30 days (November 8 - December 7), which is 80.8 % of all properties listed in Ramara. This is a 27.6 % decline compared with a previous 30 day period (October 9 - November 7) and 200.0 % up from the same period a year ago. Over the past year an average of 22 homes are were listed per month.
4 townhomes were listed over the last 30 days (November 8 - December 7) in Ramara, which is 15.4 % of all new real estate inventory. This is a 33.3 % more than during the previous 30 day period (October 9 - November 7) and 100.0 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 4 a month.
Real Estate Sales by Property Type
There were a total of 21 homes sold during the last 30 days (November 8 - December 7), which is 84.0 % of all properties sold in Ramara. This is a 10.5 % increase compared with a previous 30 day period (October 9 - November 7) and 200.0 % up from the same period a year ago. Over the past year an average of 19 homes are were sold per month.
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