Minden Hills Real Estate Statistics

Minden Hills Real Estate Price Trend
Minden Hills real estate average sold price in the last 30 days (February 27 - March 27) was $380,000, which is $45,000 (11.8%) lower than the average price of $425,000 in the previous 30 day period (January 28 - February 26), and $238,125 (62.7%) down from the same period 1 year ago ($618,125). Minden Hills real estate prices over the last 30 days are also $289,515 (76.2%) lower than the average selling price of $669,515 over the past year.
Minden Hills average sold price for homes was $380,000 in the last 30 days (February 27 - March 27), which is $45,000 (11.8%) down from the average home price of $425,000 in the previous 30 day period (January 28 - February 26), and $238,125 (62.7%) lower than the same period 1 year ago ($618,125). In the last 30 days Minden Hills the average home price was $266,896 (70.2%) lower than the average selling price of $646,896 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Minden Hills real estate was $380,000 in the last 30 days (February 27 - March 27), which is collectively $47,000 (5.6%) lower than the average asking price of $838,798. This represents a decline of $37,000 (370.0%) compared to $10,000 (1.1%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Minden Hills during the last 12 months was recorded in March, 2023 with an average of $7,275 over the asking price, while the minimum occurring in November, 2023 with $129,633 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 Minden Hills was 28.6% with 2 properties sold and 1 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 100.0% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 57.1% compared to the same period one year ago.
Over the the last year the highest SNLR in Minden Hills was 1,000.0% recorded in July and the lowest was in April at 30.0%. 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 Minden Hills in the last 30 days (February 27 - March 27) was 182 days, which is 145 days more than 37 days average in the previous 30 day period (January 28 - February 26) and 167 days longer than during the same period a year ago (15 days).
There were 2 delisted properties in Minden Hills, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 29 days on the market. This is 66 days shorter than the average of 95 days during the previous 30 day period (January 28 - February 26) and 11 days less compared to the same period last year average of 40 days on the market.
2 Minden Hills properties that didn't sell stayed on the market 84.1% longer than 2 that sucessfully sold over the last 30 days - 182 days when sold vs 29 days when delisted respectively.
Average Days on the Market in Minden Hills over the past 12 months for properties that have sold was 30.0 days, with 81.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
7 new properties were listed on the market in Minden Hills in the last 30 days (February 27 - March 27). 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 3 properties (or 42.9%).
During the previous 30 day period (January 28 - February 26) there were 1 new properties listed, 1 sold and 3 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 14 new properties listed, the slowest - July with 1 new listings and a yearly average of 6 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (February 27 - March 27), which is 100.0% of all properties listed in Minden Hills. This is a 600.0% increase compared with a previous 30 day period (January 28 - February 26) and 0.0% down from the same period a year ago. Over the past year an average of 6 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 2 homes sold during the last 30 days (February 27 - March 27), which is 100.0% of all properties sold in Minden Hills. This is a 100.0% increase compared with a previous 30 day period (January 28 - February 26) and 50.0% down from the same period a year ago. Over the past year an average of 7 homes are were sold per month.
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