Fort Erie Real Estate Statistics

Fort Erie Real Estate Price Trend
Fort Erie real estate average sold price in the last 30 days (July 4 - August 2) was $591,784, which is $165,595 (28.0 %) lower than the average price of $757,379 in the previous 30 day period (June 4 - July 3), and $49,514 (8.4 %) up from the same period 1 year ago ($542,270). Fort Erie real estate prices over the last 30 days are also $10,122 (1.7 %) lower than the average selling price of $601,906 over the past year.
Fort Erie average sold price for homes was $621,027 in the last 30 days (July 4 - August 2), which is $154,499 (24.9 %) down from the average home price of $775,526 in the previous 30 day period (June 4 - July 3), and $72,875 (11.7 %) higher than the same period 1 year ago ($548,152). In the last 30 days Fort Erie the average home price was $9,286 (1.5 %) higher than the average selling price of $611,740 over the last 12 months.
Average sold price of Fort Erie townhouse was $377,333 in the last 30 days (July 4 - August 2), up $37,333 (9.9 %) from the average townhome price of $340,000 over the previous 30 days (June 4 - July 3), and $29,667 (7.9 %) lower than during to the same period 1 year ago ($407,000). Over the last 30 days the average townhouse price in Fort Erie was $16,896 (4.5 %) higher compared to the average selling price of $360,437 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Fort Erie real estate was $591,784 in the last 30 days (July 4 - August 2), which is collectively $9,014 (1.3 %) lower than the average asking price of $698,410. This represents a decline of $9,393 (2,478.4 %) compared to $379 (0.1 %) Sold-Over-Asking price from the previous 30 day period (June 4 - July 3).
The maximum Sold Over/Under Asking ratio in Fort Erie during the last 12 months was recorded in March, 2021 with an average of $12,959 over the asking price, while the minimum occurring in September, 2020 with $21,585 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 Fort Erie was 131.6 % with 25 properties sold and 23 new properties listed in the past 30 days (July 4 - August 2). This represents an increase from 104.3 % recorded during the previous 30 day period (June 4 - July 3), and an increase from 100.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Fort Erie was 213.3 % recorded in August and the lowest was in September at 77.8 %. 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 25 properties that were successfully sold in Fort Erie in the last 30 days (July 4 - August 2) was 22 days, which is 1 days more than 21 days average in the previous 30 day period (June 4 - July 3) and 64 days shorter than during the same period a year ago (86 days).
There were 14 delisted properties in Fort Erie, those that got either Expired, Suspended or Terminated over the last 30 days (July 4 - August 2) with an average of 33 days on the market. This is 1 days shorter than the average of 34 days during the previous 30 day period (June 4 - July 3) and 73 days less compared to the same period last year average of 106 days on the market.
14 Fort Erie properties that didn't sell stayed on the market 50.0 % longer than 25 that sucessfully sold over the last 30 days - 22 days when sold vs 33 days when delisted respectively.
Average Days on the Market in Fort Erie over the past 12 months for properties that have sold was 37.2 days, with 55.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
19 new properties were listed on the market in Fort Erie in the last 30 days (July 4 - August 2). During the same time 25 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 20 properties (or 105.3 %).
During the previous 30 day period (June 4 - July 3) there were 23 new properties listed, 24 sold and 20 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 33 new properties listed, the slowest - December with 8 new listings and a yearly average of 17 new listings per month.
New Real Estate Listings by Property Type
There were a total of 18 homes listed during the last 30 days (July 4 - August 2), which is 94.7 % of all properties listed in Fort Erie. This is a 10.0 % decline compared with a previous 30 day period (June 4 - July 3) and 14.3 % down from the same period a year ago. Over the past year an average of 16 homes are were listed per month.
1 townhomes were listed over the last 30 days (July 4 - August 2) in Fort Erie, which is 5.3 % of all new real estate inventory. This is a 66.7 % less than during the previous 30 day period (June 4 - July 3) and 66.7 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 1 a month.
Real Estate Sales by Property Type
There were a total of 22 homes sold during the last 30 days (July 4 - August 2), which is 88.0 % of all properties sold in Fort Erie. This is a 4.3 % decline compared with a previous 30 day period (June 4 - July 3) and 4.3 % down from the same period a year ago. Over the past year an average of 21 homes are were sold per month.
3 townhomes were sold over the last 30 days (July 4 - August 2) in Fort Erie, which is 12.0 % of all sold real estate. This is a 200.0 % more than during the previous 30 day period (June 4 - July 3) and 200.0 % increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1 a month.
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