Centre Wellington Real Estate Statistics

Centre Wellington Real Estate Price Trend
Centre Wellington real estate average sold price in the last 30 days (November 3 - December 2) was $817,500, which is $121,207 (14.8 %) lower than the average price of $938,707 in the previous 30 day period (October 4 - November 2), and $44,115 (5.4 %) up from the same period 1 year ago ($773,385). Centre Wellington real estate prices over the last 30 days are also $55,645 (6.8 %) lower than the average selling price of $873,145 over the past year.
Centre Wellington average sold price for homes was $955,000 in the last 30 days (November 3 - December 2), which is $58,272 (6.1 %) down from the average home price of $1,013,272 in the previous 30 day period (October 4 - November 2), and $135,167 (14.2 %) higher than the same period 1 year ago ($819,833). In the last 30 days Centre Wellington the average home price was $26,031 (2.7 %) higher than the average selling price of $928,969 over the last 12 months.
Average sold price of Centre Wellington townhouse was $680,000 in the last 30 days (November 3 - December 2), up $29,000 (4.3 %) from the average townhome price of $651,000 over the previous 30 days (October 4 - November 2), and $185,300 (27.3 %) higher than during to the same period 1 year ago ($494,700). Over the last 30 days the average townhouse price in Centre Wellington was $133,001 (19.6 %) higher compared to the average selling price of $546,999 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Centre Wellington real estate was $817,500 in the last 30 days (November 3 - December 2), which is collectively $7,445 (0.6 %) lower than the average asking price of $1,249,669. This represents a decline of $1,721 (30.1 %) compared to $5,724 (0.6 %) Sold-Under-Asking price from the previous 30 day period (October 4 - November 2).
The maximum Sold Over/Under Asking ratio in Centre Wellington during the last 12 months was recorded in February, 2021 with an average of $79,555 over the asking price, while the minimum occurring in November, 2021 with $8,634 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 Centre Wellington was 15.4 % with 2 properties sold and 29 new properties listed in the past 30 days (November 3 - December 2). This represents a decrease from 48.3 % recorded during the previous 30 day period (October 4 - November 2), and a decrease from 140.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Centre Wellington was 168.8 % recorded in February and the lowest was in November at 20.0 %. 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 2 properties that were successfully sold in Centre Wellington in the last 30 days (November 3 - December 2) was 50 days, which is 7 days more than 43 days average in the previous 30 day period (October 4 - November 2) and 35 days longer than during the same period a year ago (15 days).
There were 2 delisted properties in Centre Wellington, those that got either Expired, Suspended or Terminated over the last 30 days (November 3 - December 2) with an average of 140 days on the market. This is 109 days longer than the average of 31 days during the previous 30 day period (October 4 - November 2) and 48 days more compared to the same period last year average of 92 days on the market.
2 Centre Wellington properties that didn't sell stayed on the market 180.0 % longer than 2 that sucessfully sold over the last 30 days - 50 days when sold vs 140 days when delisted respectively.
Average Days on the Market in Centre Wellington over the past 12 months for properties that have sold was 21.3 days, with 57.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
13 new properties were listed on the market in Centre Wellington in the last 30 days (November 3 - December 2). During the same time 2 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 9 properties (or 69.2 %).
During the previous 30 day period (October 4 - November 2) there were 29 new properties listed, 14 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 41 new properties listed, the slowest - December with 7 new listings and a yearly average of 23 new listings per month.
New Real Estate Listings by Property Type
There were a total of 12 homes listed during the last 30 days (November 3 - December 2), which is 92.3 % of all properties listed in Centre Wellington. This is a 47.8 % decline compared with a previous 30 day period (October 4 - November 2) and 33.3 % up from the same period a year ago. Over the past year an average of 19 homes are were listed per month.
1 condo units were listed in the last 30 days (November 3 - December 2) in Centre Wellington, which represents 7.7 % of all new listings. This is down 75.0 % from the prior 30 day period (October 4 - November 2) and 0.0 % less compared to the same period last year. There were 2 condos listed per month on average during the last 12 months.
Real Estate Sales by Property Type
There were a total of 1 homes sold during the last 30 days (November 3 - December 2), which is 50.0 % of all properties sold in Centre Wellington. This is a 90.9 % decline compared with a previous 30 day period (October 4 - November 2) and 91.7 % down from the same period a year ago. Over the past year an average of 20 homes are were sold per month.
1 townhomes were sold over the last 30 days (November 3 - December 2) in Centre Wellington, which is 50.0 % of all sold real estate. This is a 0.0 % less than during the previous 30 day period (October 4 - November 2) and 50.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.
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