Newmarket Real Estate Statistics

Newmarket Real Estate Price Trend
Newmarket real estate average sold price in the last 30 days (July 3 - August 1) was $1,065,027, which is $17,962 (1.7 %) lower than the average price of $1,082,989 in the previous 30 day period (June 3 - July 2), and $211,377 (19.8 %) up from the same period 1 year ago ($853,650). Newmarket real estate prices over the last 30 days are also $61,235 (5.7 %) higher than the average selling price of $1,003,792 over the past year.
Newmarket average sold price for homes was $1,126,402 in the last 30 days (July 3 - August 1), which is $27,247 (2.4 %) down from the average home price of $1,153,649 in the previous 30 day period (June 3 - July 2), and $197,352 (17.5 %) higher than the same period 1 year ago ($929,050). In the last 30 days Newmarket the average home price was $54,175 (4.8 %) higher than the average selling price of $1,072,227 over the last 12 months.
Average Newmarket condo sold price over the last 30 days (July 3 - August 1) was $594,357. During this period it was $35,857 (6.0 %) up from the average price of condo of $558,500 during the previous 30 days (June 3 - July 2), and $121,645 (20.5 %) higher compared to the same period 1 year ago ($472,712). In the last 30 days Newmarket the average condo price was $68,385 (11.5 %) higher than the average selling price of $525,972 over the last year.
Average sold price of Newmarket townhouse was $873,790 in the last 30 days (July 3 - August 1), down $10,807 (1.2 %) from the average townhome price of $884,597 over the previous 30 days (June 3 - July 2), and $194,542 (22.3 %) higher than during to the same period 1 year ago ($679,248). Over the last 30 days the average townhouse price in Newmarket was $66,883 (7.7 %) higher compared to the average selling price of $806,907 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Newmarket real estate was $1,065,027 in the last 30 days (July 3 - August 1), which is collectively $53,496 (5.4 %) higher than the average asking price of $998,745. This represents an increase of $17,846 (50.1 %) compared to $35,650 (3.4 %) Sold-Over-Asking price from the previous 30 day period (June 3 - July 2).
The maximum Sold Over/Under Asking ratio in Newmarket during the last 12 months was recorded in February, 2021 with an average of $97,334 over the asking price, while the minimum occurring in October, 2020 with $5,254 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 Newmarket was 122.2 % with 143 properties sold and 180 new properties listed in the past 30 days (July 3 - August 1). This represents an increase from 103.3 % recorded during the previous 30 day period (June 3 - July 2), and an increase from 57.8 % compared to the same period one year ago.
Over the the last year the highest SNLR in Newmarket was 156.6 % recorded in December and the lowest was in April at 67.2 %. 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 143 properties that were successfully sold in Newmarket in the last 30 days (July 3 - August 1) was 12 days, which is 1 days more than 11 days average in the previous 30 day period (June 3 - July 2) and 4 days shorter than during the same period a year ago (16 days).
There were 53 delisted properties in Newmarket, those that got either Expired, Suspended or Terminated over the last 30 days (July 3 - August 1) with an average of 47 days on the market. This is 5 days longer than the average of 42 days during the previous 30 day period (June 3 - July 2) and 12 days more compared to the same period last year average of 35 days on the market.
53 Newmarket properties that didn't sell stayed on the market 291.7 % longer than 143 that sucessfully sold over the last 30 days - 12 days when sold vs 47 days when delisted respectively.
Average Days on the Market in Newmarket over the past 12 months for properties that have sold was 11.8 days, with 34.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
117 new properties were listed on the market in Newmarket in the last 30 days (July 3 - August 1). During the same time 143 properties were sold and 53 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 79 properties (or 67.5 %).
During the previous 30 day period (June 3 - July 2) there were 180 new properties listed, 186 sold and 78 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 393 new properties listed, the slowest - December with 83 new listings and a yearly average of 221 new listings per month.
New Real Estate Listings by Property Type
There were a total of 87 homes listed during the last 30 days (July 3 - August 1), which is 74.4 % of all properties listed in Newmarket. This is a 39.6 % decline compared with a previous 30 day period (June 3 - July 2) and 63.3 % down from the same period a year ago. Over the past year an average of 174 homes are were listed per month.
6 condo units were listed in the last 30 days (July 3 - August 1) in Newmarket, which represents 5.1 % of all new listings. This is up 20.0 % from the prior 30 day period (June 3 - July 2) and 33.3 % less compared to the same period last year. There were 6 condos listed per month on average during the last 12 months.
24 townhomes were listed over the last 30 days (July 3 - August 1) in Newmarket, which is 20.5 % of all new real estate inventory. This is a 22.6 % less than during the previous 30 day period (June 3 - July 2) and 52.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 41 a month.
Real Estate Sales by Property Type
There were a total of 116 homes sold during the last 30 days (July 3 - August 1), which is 81.1 % of all properties sold in Newmarket. This is a 18.3 % decline compared with a previous 30 day period (June 3 - July 2) and 7.9 % down from the same period a year ago. Over the past year an average of 148 homes are were sold per month.
7 condo units were sold in the last 30 days (July 3 - August 1) in Newmarket, which represents 4.9 % of all sold properties. This is up 75.0 % from the prior 30 day period (June 3 - July 2) and 12.5 % less compared to the same period last year. There were 6 condos sold per month on average during the last 12 months.
20 townhomes were sold over the last 30 days (July 3 - August 1) in Newmarket, which is 14.0 % of all sold real estate. This is a 50.0 % less than during the previous 30 day period (June 3 - July 2) and 45.9 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 36 a month.
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