Port Colborne Real Estate Statistics

Port Colborne Real Estate Price Trend
Port Colborne real estate average sold price in the last 30 days (February 27 - March 27) was $633,805, which is $147,113 (23.2%) higher than the average price of $486,692 in the previous 30 day period (January 28 - February 26), and $131,905 (20.8%) up from the same period 1 year ago ($501,900). Port Colborne real estate prices over the last 30 days are also $53,036 (8.4%) higher than the average selling price of $580,769 over the past year.
Port Colborne average sold price for homes was $633,805 in the last 30 days (February 27 - March 27), which is $151,001 (23.8%) up from the average home price of $482,804 in the previous 30 day period (January 28 - February 26), and $131,905 (20.8%) higher than the same period 1 year ago ($501,900). In the last 30 days Port Colborne the average home price was $56,109 (8.9%) higher than the average selling price of $577,696 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Port Colborne real estate was $633,805 in the last 30 days (February 27 - March 27), which is collectively $7,832 (1.1%) lower than the average asking price of $688,408. This represents an increase of $10,160 (56.5%) compared to $17,992 (2.3%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Port Colborne during the last 12 months was recorded in May, 2023 with an average of $8,109 under the asking price, while the minimum occurring in November, 2023 with $60,372 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 Colborne was 50.0% with 17 properties sold and 29 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 86.2% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 76.9% compared to the same period one year ago.
Over the the last year the highest SNLR in Port Colborne was 81.5% recorded in June and the lowest was in December at 40.0%. 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 17 properties that were successfully sold in Port Colborne in the last 30 days (February 27 - March 27) was 35 days, which is 16 days less than 51 days average in the previous 30 day period (January 28 - February 26) and 50 days shorter than during the same period a year ago (85 days).
There were 17 delisted properties in Port Colborne, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 113 days on the market. This is 12 days shorter than the average of 125 days during the previous 30 day period (January 28 - February 26) and 48 days more compared to the same period last year average of 65 days on the market.
17 Port Colborne properties that didn't sell stayed on the market 222.9% longer than 17 that sucessfully sold over the last 30 days - 35 days when sold vs 113 days when delisted respectively.
Average Days on the Market in Port Colborne over the past 12 months for properties that have sold was 47.5 days, with 81.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
34 new properties were listed on the market in Port Colborne in the last 30 days (February 27 - March 27). During the same time 17 properties were sold and 17 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 0 properties (or 0.0%).
During the previous 30 day period (January 28 - February 26) there were 29 new properties listed, 25 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 32 new properties listed, the slowest - December with 10 new listings and a yearly average of 25 new listings per month.
New Real Estate Listings by Property Type
There were a total of 34 homes listed during the last 30 days (February 27 - March 27), which is 100.0% of all properties listed in Port Colborne. This is a 25.9% increase compared with a previous 30 day period (January 28 - February 26) and 54.5% 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 17 homes sold during the last 30 days (February 27 - March 27), which is 100.0% of all properties sold in Port Colborne. This is a 29.2% decline compared with a previous 30 day period (January 28 - February 26) and 15.0% down from the same period a year ago. Over the past year an average of 14 homes are were sold per month.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
1271688842