Hastings Highlands Real Estate Statistics

Hastings Highlands Real Estate Price Trend
Hastings Highlands real estate average sold price in the last 30 days (June 4 - July 3) was $835,000, which is $123,667 (14.8 %) higher than the average price of $711,333 in the previous 30 day period (May 5 - June 3), and $44,575 (5.3 %) up from the same period 1 year ago ($790,425). Hastings Highlands real estate prices over the last 30 days are also $303,743 (36.4 %) higher than the average selling price of $531,257 over the past year.
Hastings Highlands average sold price for homes was $835,000 in the last 30 days (June 4 - July 3), which is $123,667 (14.8 %) up from the average home price of $711,333 in the previous 30 day period (May 5 - June 3), and $44,575 (5.3 %) higher than the same period 1 year ago ($790,425). In the last 30 days Hastings Highlands the average home price was $303,743 (36.4 %) higher than the average selling price of $531,257 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Hastings Highlands real estate was $835,000 in the last 30 days (June 4 - July 3), which is collectively $4,960 (0.3 %) lower than the average asking price of $1,649,500. This represents a decline of $166,660 (103.1 %) compared to $161,700 (12.6 %) Sold-Over-Asking price from the previous 30 day period (May 5 - June 3).
The maximum Sold Over/Under Asking ratio in Hastings Highlands during the last 12 months was recorded in May, 2022 with an average of $161,700 over the asking price, while the minimum occurring in August, 2021 with $15,000 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 Hastings Highlands was 150.0 % with 3 properties sold and 4 new properties listed in the past 30 days (June 4 - July 3). This represents an increase from 75.0 % recorded during the previous 30 day period (May 5 - June 3), and an increase from 133.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Hastings Highlands was 300.0 % recorded in July 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 3 properties that were successfully sold in Hastings Highlands in the last 30 days (June 4 - July 3) was 19 days, which is 14 days more than 5 days average in the previous 30 day period (May 5 - June 3) and 1 days shorter than during the same period a year ago (20 days).
There were 2 delisted properties in Hastings Highlands, those that got either Expired, Suspended or Terminated over the last 30 days (June 4 - July 3) with an average of 50 days on the market. This is 43 days shorter than the average of 93 days during the previous 30 day period (May 5 - June 3) and 50 days more compared to the same period last year average of 0 days on the market.
2 Hastings Highlands properties that didn't sell stayed on the market 163.2 % longer than 3 that sucessfully sold over the last 30 days - 19 days when sold vs 50 days when delisted respectively.
Average Days on the Market in Hastings Highlands over the past 12 months for properties that have sold was 19.9 days, with 43.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
2 new properties were listed on the market in Hastings Highlands in the last 30 days (June 4 - July 3). During the same time 3 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 150.0 %).
During the previous 30 day period (May 5 - June 3) there were 4 new properties listed, 3 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 5 new properties listed, the slowest - December with 0 new listings and a yearly average of 2 new listings per month.
New Real Estate Listings by Property Type
There were a total of 2 homes listed during the last 30 days (June 4 - July 3), which is 100.0 % of all properties listed in Hastings Highlands. This is a 50.0 % decline compared with a previous 30 day period (May 5 - June 3) and 33.3 % down from the same period a year ago. Over the past year an average of 2 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 3 homes sold during the last 30 days (June 4 - July 3), which is 100.0 % of all properties sold in Hastings Highlands. This is a 0.0 % decline compared with a previous 30 day period (May 5 - June 3) and 25.0 % down from the same period a year ago. Over the past year an average of 2 homes are were sold per month.
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