Sudbury Remote Area Real Estate Statistics

Sudbury Remote Area Real Estate Price Trend
Sudbury Remote Area real estate average sold price in the last 30 days (February 27 - March 27) was $530,000, which is $129,000 (24.3%) higher than the average price of $401,000 in the previous 30 day period (January 28 - February 26), and $60,000 (11.3%) up from the same period 1 year ago ($470,000). Sudbury Remote Area real estate prices over the last 30 days are also $54,949 (10.4%) lower than the average selling price of $584,949 over the past year.
Sudbury Remote Area average sold price for homes was $530,000 in the last 30 days (February 27 - March 27), which is $129,000 (24.3%) up from the average home price of $401,000 in the previous 30 day period (January 28 - February 26), and $60,000 (11.3%) higher than the same period 1 year ago ($470,000). In the last 30 days Sudbury Remote Area the average home price was $54,949 (10.4%) lower than the average selling price of $584,949 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Sudbury Remote Area real estate was $530,000 in the last 30 days (February 27 - March 27), which is collectively $19,900 (3.3%) lower than the average asking price of $606,333. This represents a decline of $71,000 (138.9%) compared to $51,100 (9.3%) Sold-Over-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Sudbury Remote Area during the last 12 months was recorded in February, 2024 with an average of $51,100 over the asking price, while the minimum occurring in July, 2023 with $75,466 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 Sudbury Remote Area was 33.3% with 1 properties sold and 1 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 100.0% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 66.7% compared to the same period one year ago.
Over the the last year the highest SNLR in Sudbury Remote Area was 500.0% recorded in August and the lowest was in November at 0.0%. 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 1 properties that were successfully sold in Sudbury Remote Area in the last 30 days (February 27 - March 27) was 22 days, which is 17 days more than 5 days average in the previous 30 day period (January 28 - February 26) and 12 days shorter than during the same period a year ago (34 days).
There were 6 delisted properties in Sudbury Remote Area, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 77 days on the market. This is 15 days shorter than the average of 92 days during the previous 30 day period (January 28 - February 26) and 288 days less compared to the same period last year average of 365 days on the market.
6 Sudbury Remote Area properties that didn't sell stayed on the market 250.0% longer than 1 that sucessfully sold over the last 30 days - 22 days when sold vs 77 days when delisted respectively.
Average Days on the Market in Sudbury Remote Area over the past 12 months for properties that have sold was 43.2 days, with 110.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
3 new properties were listed on the market in Sudbury Remote Area in the last 30 days (February 27 - March 27). During the same time 1 properties were sold and 6 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 133.3%).
During the previous 30 day period (January 28 - February 26) there were 1 new properties listed, 1 sold and 1 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 9 new properties listed, the slowest - December with 0 new listings and a yearly average of 4 new listings per month.
New Real Estate Listings by Property Type
There were a total of 3 homes listed during the last 30 days (February 27 - March 27), which is 100.0% of all properties listed in Sudbury Remote Area. This is a 200.0% increase compared with a previous 30 day period (January 28 - February 26) and 0.0% down from the same period a year ago. Over the past year an average of 4 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 1 homes sold during the last 30 days (February 27 - March 27), which is 100.0% of all properties sold in Sudbury Remote Area. This is a 0.0% decline compared with a previous 30 day period (January 28 - February 26) and 50.0% down from the same period a year ago. Over the past year an average of 3 homes are were sold per month.
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