South Frontenac Real Estate Statistics
South Frontenac Real Estate Price Trend
South Frontenac real estate average sold price in the last 30 days (October 21 - November 19) was $643,290, which is $171,710 (26.7%) lower than the average price of $815,000 in the previous 30 day period (September 21 - October 20), and $1,231,710 (191.5%) down from the same period 1 year ago ($1,875,000). South Frontenac real estate prices over the last 30 days are also $167,688 (26.1%) lower than the average selling price of $810,978 over the past year.
South Frontenac average sold price for homes was $643,290 in the last 30 days (October 21 - November 19), which is $171,710 (26.7%) down from the average home price of $815,000 in the previous 30 day period (September 21 - October 20), and $1,231,710 (191.5%) lower than the same period 1 year ago ($1,875,000). In the last 30 days South Frontenac the average home price was $167,688 (26.1%) lower than the average selling price of $810,978 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for South Frontenac real estate was $643,290 in the last 30 days (October 21 - November 19), which is collectively $10,536 (1.3%) lower than the average asking price of $787,243. This represents an increase of $35,964 (77.3%) compared to $46,500 (5.7%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).
The maximum Sold Over/Under Asking ratio in South Frontenac during the last 12 months was recorded in September, 2024 with an average of $16,000 over the asking price, while the minimum occurring in December, 2023 with $125,001 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 South Frontenac was 2,675.0% with 856 properties sold and 131 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 1.5% recorded during the previous 30 day period (September 21 - October 20), and an increase from 20.0% compared to the same period one year ago.
Over the the last year the highest SNLR in South Frontenac was 594.2% recorded in October and the lowest was in December 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 856 properties that were successfully sold in South Frontenac in the last 30 days (October 21 - November 19) was 29 days, which is 9 days less than 38 days average in the previous 30 day period (September 21 - October 20) and 27 days shorter than during the same period a year ago (56 days).
There were 927 delisted properties in South Frontenac, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 78 days on the market. This is 78 days shorter than the average of 156 days during the previous 30 day period (September 21 - October 20) and 84 days less compared to the same period last year average of 162 days on the market.
927 South Frontenac properties that didn't sell stayed on the market 169.0% longer than 856 that sucessfully sold over the last 30 days - 29 days when sold vs 78 days when delisted respectively.
Average Days on the Market in South Frontenac over the past 12 months for properties that have sold was 44.7 days, with 78.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
32 new properties were listed on the market in South Frontenac in the last 30 days (October 21 - November 19). During the same time 856 properties were sold and 927 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1751 properties (or 5,471.9%).
During the previous 30 day period (September 21 - October 20) there were 131 new properties listed, 2 sold and 9 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was October with 138 new properties listed, the slowest - December with 0 new listings and a yearly average of 18 new listings per month.
New Real Estate Listings by Property Type
There were a total of 32 homes listed during the last 30 days (October 21 - November 19), which is 100.0% of all properties listed in South Frontenac. This is a 75.6% decline compared with a previous 30 day period (September 21 - October 20) and 540.0% up from the same period a year ago. Over the past year an average of 18 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 856 homes sold during the last 30 days (October 21 - November 19), which is 100.0% of all properties sold in South Frontenac. This is a 42,700.0% increase compared with a previous 30 day period (September 21 - October 20) and 85,500.0% up from the same period a year ago. Over the past year an average of 72 homes are were sold per month.