Cramahe Real Estate Statistics
Cramahe Real Estate Price Trend
Cramahe real estate average sold price in the last 30 days (February 18 - March 18) was $710,926, which is $5,426 (0.8%) higher than the average price of $705,500 in the previous 30 day period (January 19 - February 17), and $125,945 (17.7%) up from the same period 1 year ago ($584,981). Cramahe real estate prices over the last 30 days are also $69,046 (9.7%) higher than the average selling price of $641,880 over the past year.
Cramahe average sold price for homes was $735,307 in the last 30 days (February 18 - March 18), which is $29,807 (4.1%) up from the average home price of $705,500 in the previous 30 day period (January 19 - February 17), and $150,326 (20.4%) higher than the same period 1 year ago ($584,981). In the last 30 days Cramahe the average home price was $92,283 (12.6%) higher than the average selling price of $643,024 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Cramahe real estate was $710,926 in the last 30 days (February 18 - March 18), which is collectively $13,580 (1.6%) lower than the average asking price of $850,064. This represents a decline of $12,930 (1,989.2%) compared to $650 (0.1%) Sold-Under-Asking price from the previous 30 day period (January 19 - February 17).
The maximum Sold Over/Under Asking ratio in Cramahe during the last 12 months was recorded in May, 2023 with an average of $5,823 over the asking price, while the minimum occurring in November, 2023 with $51,712 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 Cramahe was 60.0% with 15 properties sold and 16 new properties listed in the past 30 days (February 18 - March 18). This represents an increase from 37.5% recorded during the previous 30 day period (January 19 - February 17), and a decrease from 78.6% compared to the same period one year ago.
Over the the last year the highest SNLR in Cramahe was 2,743.2% recorded in July and the lowest was in October at 38.7%. 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 15 properties that were successfully sold in Cramahe in the last 30 days (February 18 - March 18) was 42 days, which is 26 days less than 68 days average in the previous 30 day period (January 19 - February 17) and 2 days longer than during the same period a year ago (40 days).
There were 5 delisted properties in Cramahe, those that got either Expired, Suspended or Terminated over the last 30 days (February 18 - March 18) with an average of 90 days on the market. This is 14 days longer than the average of 76 days during the previous 30 day period (January 19 - February 17) and 27 days more compared to the same period last year average of 63 days on the market.
5 Cramahe properties that didn't sell stayed on the market 114.3% longer than 15 that sucessfully sold over the last 30 days - 42 days when sold vs 90 days when delisted respectively.
Average Days on the Market in Cramahe over the past 12 months for properties that have sold was 48.8 days, with 81.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
25 new properties were listed on the market in Cramahe in the last 30 days (February 18 - March 18). During the same time 15 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 5 properties (or 20.0%).
During the previous 30 day period (January 19 - February 17) there were 16 new properties listed, 6 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 July with 37 new properties listed, the slowest - December with 6 new listings and a yearly average of 24 new listings per month.
New Real Estate Listings by Property Type
There were a total of 24 homes listed during the last 30 days (February 18 - March 18), which is 96.0% of all properties listed in Cramahe. This is a 50.0% increase compared with a previous 30 day period (January 19 - February 17) and 84.6% up from the same period a year ago. Over the past year an average of 23 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 13 homes sold during the last 30 days (February 18 - March 18), which is 86.7% of all properties sold in Cramahe. This is a 116.7% increase compared with a previous 30 day period (January 19 - February 17) and 18.2% up from the same period a year ago. Over the past year an average of 110 homes are were sold per month.