Port Hope Real Estate Statistics
Port Hope Real Estate Price Trend
Port Hope real estate average sold price in the last 30 days (March 10 - April 8) was $717,526, which is $99,407 (13.9%) lower than the average price of $816,933 in the previous 30 day period (February 9 - March 9), and $112,969 (15.7%) down from the same period 1 year ago ($830,495). Port Hope real estate prices over the last 30 days are also $16,178 (2.3%) higher than the average selling price of $701,348 over the past year.
Port Hope average sold price for homes was $755,921 in the last 30 days (March 10 - April 8), which is $61,012 (8.1%) down from the average home price of $816,933 in the previous 30 day period (February 9 - March 9), and $123,656 (16.4%) lower than the same period 1 year ago ($879,577). In the last 30 days Port Hope the average home price was $38,258 (5.1%) higher than the average selling price of $717,663 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Port Hope real estate was $717,526 in the last 30 days (March 10 - April 8), which is collectively $6,024 (0.7%) higher than the average asking price of $825,465. This represents an increase of $12,410 (194.3%) compared to $6,386 (0.7%) Sold-Under-Asking price from the previous 30 day period (February 9 - March 9).
The maximum Sold Over/Under Asking ratio in Port Hope during the last 12 months was recorded in March, 2024 with an average of $4,703 over the asking price, while the minimum occurring in January, 2024 with $29,947 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 Port Hope was 92.5% with 37 properties sold and 33 new properties listed in the past 30 days (March 10 - April 8). This represents an increase from 45.5% recorded during the previous 30 day period (February 9 - March 9), and an increase from 72.4% compared to the same period one year ago.
Over the the last year the highest SNLR in Port Hope was 1,381.5% recorded in July and the lowest was in November at 25.7%. 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 37 properties that were successfully sold in Port Hope in the last 30 days (March 10 - April 8) was 25 days, which is 10 days more than 15 days average in the previous 30 day period (February 9 - March 9) and 1 days shorter than during the same period a year ago (26 days).
There were 16 delisted properties in Port Hope, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 65 days on the market. This is 49 days shorter than the average of 114 days during the previous 30 day period (February 9 - March 9) and 6 days more compared to the same period last year average of 59 days on the market.
16 Port Hope properties that didn't sell stayed on the market 160.0% longer than 37 that sucessfully sold over the last 30 days - 25 days when sold vs 65 days when delisted respectively.
Average Days on the Market in Port Hope over the past 12 months for properties that have sold was 29.3 days, with 67.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
40 new properties were listed on the market in Port Hope in the last 30 days (March 10 - April 8). During the same time 37 properties were sold and 16 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 13 properties (or 32.5%).
During the previous 30 day period (February 9 - March 9) there were 33 new properties listed, 15 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 September with 45 new properties listed, the slowest - December with 8 new listings and a yearly average of 32 new listings per month.
New Real Estate Listings by Property Type
There were a total of 36 homes listed during the last 30 days (March 10 - April 8), which is 90.0% of all properties listed in Port Hope. This is a 28.6% increase compared with a previous 30 day period (February 9 - March 9) and 44.0% up from the same period a year ago. Over the past year an average of 29 homes are were listed per month.
2 condo units were listed in the last 30 days (March 10 - April 8) in Port Hope, which represents 5.0% of all new listings. This is down 0.0% from the prior 30 day period (February 9 - March 9) and 33.3% less compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.
2 townhomes were listed over the last 30 days (March 10 - April 8) in Port Hope, which is 5.0% of all new real estate inventory. This is a 33.3% less than during the previous 30 day period (February 9 - March 9) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 2 a month.
Real Estate Sales by Property Type
There were a total of 32 homes sold during the last 30 days (March 10 - April 8), which is 86.5% of all properties sold in Port Hope. This is a 113.3% increase compared with a previous 30 day period (February 9 - March 9) and 77.8% up from the same period a year ago. Over the past year an average of 70 homes are were sold per month.