Northern Bruce Peninsula Real Estate Statistics

Northern Bruce Peninsula real estate average sold price in the last 30 days (March 20 - April 18) was $607,950, which is $329,550 (54.2%) lower than the average price of $937,500 in the previous 30 day period (February 19 - March 19), and $454,550 (74.8%) down from the same period 1 year ago ($1,062,500). Northern Bruce Peninsula real estate prices over the last 30 days are also $248,285 (40.8%) lower than the average selling price of $856,235 over the past year.

Northern Bruce Peninsula average sold price for homes was $607,950 in the last 30 days (March 20 - April 18), which is $329,550 (54.2%) down from the average home price of $937,500 in the previous 30 day period (February 19 - March 19), and $454,550 (74.8%) lower than the same period 1 year ago ($1,062,500). In the last 30 days Northern Bruce Peninsula the average home price was $248,285 (40.8%) lower than the average selling price of $856,235 over the last 12 months.

Average selling price for Northern Bruce Peninsula real estate was $607,950 in the last 30 days (March 20 - April 18), which is collectively $56,500 (4.2%) lower than the average asking price of $1,347,037. This represents an increase of $5,949 (9.5%) compared to $62,449 (6.3%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Northern Bruce Peninsula during the last 12 months was recorded in May, 2023 with an average of $13,163 under the asking price, while the minimum occurring in September, 2023 with $91,000 below the asking price.

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 Northern Bruce Peninsula was 25.0% with 2 properties sold and 13 new properties listed in the past 30 days (March 20 - April 18). This represents a decrease from 30.8% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 75.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Northern Bruce Peninsula was 300.0% recorded in January and the lowest was in July at 6.2%. 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.

The Average Days on the Market (DOM) for 2 properties that were successfully sold in Northern Bruce Peninsula in the last 30 days (March 20 - April 18) was 43 days, which is 8 days more than 35 days average in the previous 30 day period (February 19 - March 19) and 10 days longer than during the same period a year ago (33 days).

There were 4 delisted properties in Northern Bruce Peninsula, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 114 days on the market. This is 22 days longer than the average of 92 days during the previous 30 day period (February 19 - March 19) and 102 days less compared to the same period last year average of 216 days on the market.

4 Northern Bruce Peninsula properties that didn't sell stayed on the market 165.1% longer than 2 that sucessfully sold over the last 30 days - 43 days when sold vs 114 days when delisted respectively.

Average Days on the Market in Northern Bruce Peninsula over the past 12 months for properties that have sold was 74.3 days, with 82.9 days for those properties that did not sell.

8 new properties were listed on the market in Northern Bruce Peninsula in the last 30 days (March 20 - April 18). During the same time 2 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 2 properties (or 25.0%).

During the previous 30 day period (February 19 - March 19) there were 13 new properties listed, 4 sold and 10 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 17 new properties listed, the slowest - December with 1 new listings and a yearly average of 8 new listings per month.

There were a total of 8 homes listed during the last 30 days (March 20 - April 18), which is 100.0% of all properties listed in Northern Bruce Peninsula. This is a 38.5% decline compared with a previous 30 day period (February 19 - March 19) and 0.0% down from the same period a year ago. Over the past year an average of 8 homes are were listed per month.

There were a total of 2 homes sold during the last 30 days (March 20 - April 18), which is 100.0% of all properties sold in Northern Bruce Peninsula. This is a 50.0% decline compared with a previous 30 day period (February 19 - March 19) and 66.7% down from the same period a year ago. Over the past year an average of 3 homes are were sold per month.