Welland Real Estate Statistics

Welland Real Estate Price Trend
Welland real estate average sold price in the last 30 days (May 14 - June 12) was $605,856, which is $4,275 (0.7 %) higher than the average price of $601,581 in the previous 30 day perdiod (April 14 - May 13), and $199,331 (32.9 %) up from the same period 1 year ago ($406,525). Welland real estate prices over the last 30 days are also $67,783 (11.2 %) higher than the average selling price of $538,073 over the past year.
Welland average sold price for homes was $613,118 in the last 30 days (May 14 - June 12), which is $9,999 (1.6 %) up from the average home price of $603,119 in the previous 30 day perdiod (April 14 - May 13), and $190,243 (31.0 %) higher than the same period 1 year ago ($422,875). In the last 30 days Welland the average home price was $65,591 (10.7 %) higher than the average selling price of $547,527 over the last 12 months.
Average sold price of Welland townhouse was $544,550 in the last 30 days (May 14 - June 12), down $79,164 (14.5 %) from the average townhome price of $623,714 over the previous 30 days (April 14 - May 13), and $203,425 (37.4 %) higher than during to the same period 1 year ago ($341,125). Over the last 30 days the average townhouse price in Welland was $56,805 (10.4 %) higher compared to the average selling price of $487,745 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Welland real estate was $605,856 in the last 30 days (May 14 - June 12), which is collectively $22,968 (3.6 %) higher than the average asking price of $645,202. This represents a decline of $16,495 (41.8 %) compared to $39,463 (5.0 %) Sold-Over-Asking price from the previous 30 day period (April 14 - May 13).
The maximum Sold Over/Under Asking ratio in Welland during the last 12 months was recorded in February, 2021 with an average of $50,708 over the asking price, while the minimum occurring in September, 2020 with $17,275 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 Welland was 200.0 % with 62 properties sold and 42 new properties listed in the past 30 days (May 14 - June 12). This represents an increase from 154.8 % recorded during the previous 30 day period (April 14 - May 13), and an increase from 90.9 % compared to the same period one year ago.
Over the the last year the highest SNLR in Welland was 222.2 % recorded in December and the lowest was in April at 63.6 %. 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 62 properties that were successfully sold in Welland in the last 30 days (May 14 - June 12) was 15 days, which is 3 days more than 12 days average in the previous 30 day period (April 14 - May 13) and 20 days shorter than during the same period a year ago (35 days).
There were 15 delisted properties in Welland, those that got either Expired, Suspended or Terminated over the last 30 days (May 14 - June 12) with an average of 53 days on the market. This is 41 days longer than the average of 12 days during the previous 30 day period (April 14 - May 13) and 6 days more compared to the same period last year average of 47 days on the market.
15 Welland properties that didn't sell stayed on the market 253.3 % longer than 62 that sucessfully sold over the last 30 days - 15 days when sold vs 53 days when delisted respectively.
Average Days on the Market in Welland over the past 12 months for properties that have sold was 24.9 days, with 50.6 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
31 new properties were listed on the market in Welland in the last 30 days (May 14 - June 12). During the same time 62 properties were sold and 15 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 46 properties (or 148.4 %).
During the previous 30 day period (April 14 - May 13) there were 42 new properties listed, 65 sold and 9 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 50 new properties listed, the slowest - December with 9 new listings and a yearly average of 24 new listings per month.
New Real Estate Listings by Property Type
There were a total of 25 homes listed during the last 30 days (May 14 - June 12), which is 80.6 % of all properties listed in Welland. This is a 28.6 % decline compared with a previous 30 day period (April 14 - May 13) and 47.1 % up from the same period a year ago. Over the past year an average of 20 homes are were listed per month.
5 townhomes were listed over the last 30 days (May 14 - June 12) in Welland, which is 16.1 % of all new real estate inventory. This is a 16.7 % less than during the previous 30 day period (April 14 - May 13) and 0.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.
Real Estate Sales by Property Type
There were a total of 59 homes sold during the last 30 days (May 14 - June 12), which is 95.2 % of all properties sold in Welland. This is a 3.5 % increase compared with a previous 30 day period (April 14 - May 13) and 268.8 % up from the same period a year ago. Over the past year an average of 26 homes are were sold per month.
2 townhomes were sold over the last 30 days (May 14 - June 12) in Welland, which is 3.2 % of all sold real estate. This is a 71.4 % less than during the previous 30 day period (April 14 - May 13) and 50.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 3 a month.
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