Penetanguishene Real Estate Statistics

Penetanguishene Real Estate Price Trend
Penetanguishene real estate average sold price in the last 30 days (September 26 - October 25) was $652,142, which is $37,505 (5.8 %) lower than the average price of $689,647 in the previous 30 day period (August 27 - September 25), and $408,474 (62.6 %) down from the same period 1 year ago ($1,060,616). Penetanguishene real estate prices over the last 30 days are also $11,736 (1.8 %) lower than the average selling price of $663,878 over the past year.
Penetanguishene average sold price for homes was $674,166 in the last 30 days (September 26 - October 25), which is $36,396 (5.4 %) down from the average home price of $710,562 in the previous 30 day period (August 27 - September 25), and $386,450 (57.3 %) lower than the same period 1 year ago ($1,060,616). In the last 30 days Penetanguishene the average home price was $6,497 (1.0 %) lower than the average selling price of $680,663 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Penetanguishene real estate was $652,142 in the last 30 days (September 26 - October 25), which is collectively $16,071 (1.9 %) higher than the average asking price of $834,642. This represents an increase of $17,129 (1,619.0 %) compared to $1,058 (0.1 %) Sold-Under-Asking price from the previous 30 day period (August 27 - September 25).
The maximum Sold Over/Under Asking ratio in Penetanguishene during the last 12 months was recorded in February, 2021 with an average of $89,560 over the asking price, while the minimum occurring in January, 2021 with $3,953 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 Penetanguishene was 100.0 % with 7 properties sold and 13 new properties listed in the past 30 days (September 26 - October 25). This represents a decrease from 130.8 % recorded during the previous 30 day period (August 27 - September 25), and a decrease from 150.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Penetanguishene was 300.0 % recorded in October and the lowest was in April at 38.5 %. 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 7 properties that were successfully sold in Penetanguishene in the last 30 days (September 26 - October 25) was 11 days, which is 10 days less than 21 days average in the previous 30 day period (August 27 - September 25) and 54 days shorter than during the same period a year ago (65 days).
There were 4 delisted properties in Penetanguishene, those that got either Expired, Suspended or Terminated over the last 30 days (September 26 - October 25) with an average of 22 days on the market. This is 34 days shorter than the average of 56 days during the previous 30 day period (August 27 - September 25) and 22 days less compared to the same period last year average of 44 days on the market.
4 Penetanguishene properties that didn't sell stayed on the market 100.0 % longer than 7 that sucessfully sold over the last 30 days - 11 days when sold vs 22 days when delisted respectively.
Average Days on the Market in Penetanguishene over the past 12 months for properties that have sold was 25.6 days, with 63.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
7 new properties were listed on the market in Penetanguishene in the last 30 days (September 26 - October 25). During the same time 7 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 57.1 %).
During the previous 30 day period (August 27 - September 25) there were 13 new properties listed, 17 sold and 5 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 13 new properties listed, the slowest - December with 2 new listings and a yearly average of 8 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (September 26 - October 25), which is 100.0 % of all properties listed in Penetanguishene. This is a 41.7 % decline compared with a previous 30 day period (August 27 - September 25) and 133.3 % up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 6 homes sold during the last 30 days (September 26 - October 25), which is 85.7 % of all properties sold in Penetanguishene. This is a 62.5 % decline compared with a previous 30 day period (August 27 - September 25) and 0.0 % down from the same period a year ago. Over the past year an average of 8 homes are were sold per month.
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