South Frontenac Real Estate Statistics
South Frontenac Real Estate Price Trend
South Frontenac real estate average sold price in the last 30 days (September 28 - October 27) was $650,820, which is $84,180 (12.9%) lower than the average price of $735,000 in the previous 30 day period (August 29 - September 27), and $75,430 (11.6%) down from the same period 1 year ago ($726,250). South Frontenac real estate prices over the last 30 days are also $166,634 (25.6%) lower than the average selling price of $817,454 over the past year.
South Frontenac average sold price for homes was $650,820 in the last 30 days (September 28 - October 27), which is $84,180 (12.9%) down from the average home price of $735,000 in the previous 30 day period (August 29 - September 27), and $75,430 (11.6%) lower than the same period 1 year ago ($726,250). In the last 30 days South Frontenac the average home price was $166,634 (25.6%) lower than the average selling price of $817,454 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for South Frontenac real estate was $650,820 in the last 30 days (September 28 - October 27), which is collectively $10,015 (1.3%) lower than the average asking price of $798,787. This represents a decline of $26,015 (162.6%) compared to $16,000 (2.3%) Sold-Over-Asking price from the previous 30 day period (August 29 - September 27).
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 410.1% with 529 properties sold and 10 new properties listed in the past 30 days (September 28 - October 27). This represents an increase from 20.0% recorded during the previous 30 day period (August 29 - September 27), and an increase from 33.3% compared to the same period one year ago.
Over the the last year the highest SNLR in South Frontenac was 142.9% recorded in June 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 529 properties that were successfully sold in South Frontenac in the last 30 days (September 28 - October 27) was 33 days, which is 15 days less than 48 days average in the previous 30 day period (August 29 - September 27) and 39 days shorter than during the same period a year ago (72 days).
There were 559 delisted properties in South Frontenac, those that got either Expired, Suspended or Terminated over the last 30 days (September 28 - October 27) with an average of 82 days on the market. This is 24 days shorter than the average of 106 days during the previous 30 day period (August 29 - September 27) and 55 days less compared to the same period last year average of 137 days on the market.
559 South Frontenac properties that didn't sell stayed on the market 148.5% longer than 529 that sucessfully sold over the last 30 days - 33 days when sold vs 82 days when delisted respectively.
Average Days on the Market in South Frontenac over the past 12 months for properties that have sold was 47.9 days, with 85.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
129 new properties were listed on the market in South Frontenac in the last 30 days (September 28 - October 27). During the same time 529 properties were sold and 559 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 959 properties (or 743.4%).
During the previous 30 day period (August 29 - September 27) there were 10 new properties listed, 2 sold and 6 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 21 new properties listed, the slowest - December with 0 new listings and a yearly average of 7 new listings per month.
New Real Estate Listings by Property Type
There were a total of 129 homes listed during the last 30 days (September 28 - October 27), which is 100.0% of all properties listed in South Frontenac. This is a 1,190.0% increase compared with a previous 30 day period (August 29 - September 27) and 2,050.0% up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 529 homes sold during the last 30 days (September 28 - October 27), which is 100.0% of all properties sold in South Frontenac. This is a 26,350.0% increase compared with a previous 30 day period (August 29 - September 27) and 26,350.0% up from the same period a year ago. Over the past year an average of 4 homes are were sold per month.