Hastings Highlands Real Estate Statistics

Hastings Highlands Real Estate Price Trend
Hastings Highlands real estate average sold price in the last 30 days (March 20 - April 18) was $539,750, which is $151,916 (28.1%) lower than the average price of $691,666 in the previous 30 day period (February 19 - March 19), and $234,416 (43.4%) down from the same period 1 year ago ($774,166). Hastings Highlands real estate prices over the last 30 days are also $30,236 (5.6%) lower than the average selling price of $569,986 over the past year.
Hastings Highlands average sold price for homes was $539,750 in the last 30 days (March 20 - April 18), which is $151,916 (28.1%) down from the average home price of $691,666 in the previous 30 day period (February 19 - March 19), and $234,416 (43.4%) lower than the same period 1 year ago ($774,166). In the last 30 days Hastings Highlands the average home price was $30,236 (5.6%) lower than the average selling price of $569,986 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Hastings Highlands real estate was $539,750 in the last 30 days (March 20 - April 18), which is collectively $15,437 (2.7%) lower than the average asking price of $579,300. This represents an increase of $9,529 (38.2%) compared to $24,966 (2.8%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).
The maximum Sold Over/Under Asking ratio in Hastings Highlands during the last 12 months was recorded in May, 2023 with an average of $0 over the asking price, while the minimum occurring in November, 2023 with $39,800 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 88.9% with 8 properties sold and 4 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 75.0% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 300.0% compared to the same period one year ago.
Over the the last year the highest SNLR in Hastings Highlands was 14,920.0% recorded in July and the lowest was in March at 40.0%. 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 8 properties that were successfully sold in Hastings Highlands in the last 30 days (March 20 - April 18) was 15 days, which is 5 days less than 20 days average in the previous 30 day period (February 19 - March 19) and 20 days shorter than during the same period a year ago (35 days).
There were 2 delisted properties in Hastings Highlands, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 64 days on the market. This is 22 days shorter than the average of 86 days during the previous 30 day period (February 19 - March 19) and 37 days less compared to the same period last year average of 101 days on the market.
2 Hastings Highlands properties that didn't sell stayed on the market 326.7% longer than 8 that sucessfully sold over the last 30 days - 15 days when sold vs 64 days when delisted respectively.
Average Days on the Market in Hastings Highlands over the past 12 months for properties that have sold was 44.6 days, with 88.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
9 new properties were listed on the market in Hastings Highlands in the last 30 days (March 20 - April 18). During the same time 8 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 11.1%).
During the previous 30 day period (February 19 - March 19) 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 September with 7 new properties listed, the slowest - December with 1 new listings and a yearly average of 4 new listings per month.
New Real Estate Listings by Property Type
There were a total of 9 homes listed during the last 30 days (March 20 - April 18), which is 100.0% of all properties listed in Hastings Highlands. This is a 125.0% increase compared with a previous 30 day period (February 19 - March 19) and 800.0% up 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 8 homes sold during the last 30 days (March 20 - April 18), which is 100.0% of all properties sold in Hastings Highlands. This is a 166.7% increase compared with a previous 30 day period (February 19 - March 19) and 166.7% up from the same period a year ago. Over the past year an average of 70 homes are were sold per month.
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