Wasaga Beach Real Estate Statistics
Wasaga Beach Real Estate Price Trend
Wasaga Beach real estate average sold price in the last 30 days (October 21 - November 19) was $679,346, which is $10,421 (1.5%) higher than the average price of $668,925 in the previous 30 day period (September 21 - October 20), and $93,650 (13.8%) down from the same period 1 year ago ($772,996). Wasaga Beach real estate prices over the last 30 days are also $16,456 (2.4%) lower than the average selling price of $695,802 over the past year.
Wasaga Beach average sold price for homes was $749,863 in the last 30 days (October 21 - November 19), which is $77,639 (10.4%) up from the average home price of $672,224 in the previous 30 day period (September 21 - October 20), and $110,579 (14.7%) lower than the same period 1 year ago ($860,442). In the last 30 days Wasaga Beach the average home price was $3,844 (0.5%) higher than the average selling price of $746,019 over the last 12 months.
Average Wasaga Beach condo sold price over the last 30 days (October 21 - November 19) was $328,000. During this period it was $276,000 (84.1%) down from the average price of condo of $604,000 during the previous 30 days (September 21 - October 20), and $176,666 (53.9%) lower compared to the same period 1 year ago ($504,666). In the last 30 days Wasaga Beach the average condo price was $58,044 (17.7%) lower than the average selling price of $386,044 over the last year.
Average sold price of Wasaga Beach townhouse was $576,000 in the last 30 days (October 21 - November 19), down $117,700 (20.4%) from the average townhome price of $693,700 over the previous 30 days (September 21 - October 20), and $25,700 (4.5%) lower than during to the same period 1 year ago ($601,700). Over the last 30 days the average townhouse price in Wasaga Beach was $4,243 (0.7%) lower compared to the average selling price of $580,243 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Wasaga Beach real estate was $679,346 in the last 30 days (October 21 - November 19), which is collectively $18,572 (2.3%) lower than the average asking price of $814,557. This represents a decline of $3,340 (21.9%) compared to $15,232 (1.9%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).
The maximum Sold Over/Under Asking ratio in Wasaga Beach during the last 12 months was recorded in May, 2024 with an average of $5,801 under the asking price, while the minimum occurring in January, 2024 with $33,044 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 Wasaga Beach was 61.0% with 50 properties sold and 94 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 38.3% recorded during the previous 30 day period (September 21 - October 20), and an increase from 40.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Wasaga Beach was 55.2% recorded in February and the lowest was in March at 28.4%. 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 50 properties that were successfully sold in Wasaga Beach in the last 30 days (October 21 - November 19) was 62 days, which is 1 days less than 63 days average in the previous 30 day period (September 21 - October 20) and 20 days longer than during the same period a year ago (42 days).
There were 92 delisted properties in Wasaga Beach, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 102 days on the market. This is 28 days longer than the average of 74 days during the previous 30 day period (September 21 - October 20) and 51 days more compared to the same period last year average of 51 days on the market.
92 Wasaga Beach properties that didn't sell stayed on the market 64.5% longer than 50 that sucessfully sold over the last 30 days - 62 days when sold vs 102 days when delisted respectively.
Average Days on the Market in Wasaga Beach over the past 12 months for properties that have sold was 43.2 days, with 76.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
82 new properties were listed on the market in Wasaga Beach in the last 30 days (October 21 - November 19). During the same time 50 properties were sold and 92 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 60 properties (or 73.2%).
During the previous 30 day period (September 21 - October 20) there were 94 new properties listed, 36 sold and 85 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 124 new properties listed, the slowest - December with 32 new listings and a yearly average of 89 new listings per month.
New Real Estate Listings by Property Type
There were a total of 64 homes listed during the last 30 days (October 21 - November 19), which is 78.0% of all properties listed in Wasaga Beach. This is a 7.2% decline compared with a previous 30 day period (September 21 - October 20) and 25.5% up from the same period a year ago. Over the past year an average of 69 homes are were listed per month.
6 condo units were listed in the last 30 days (October 21 - November 19) in Wasaga Beach, which represents 7.3% of all new listings. This is up 20.0% from the prior 30 day period (September 21 - October 20) and 200.0% more compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.
12 townhomes were listed over the last 30 days (October 21 - November 19) in Wasaga Beach, which is 14.6% of all new real estate inventory. This is a 40.0% less than during the previous 30 day period (September 21 - October 20) and 14.3% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 16 a month.
Real Estate Sales by Property Type
There were a total of 34 homes sold during the last 30 days (October 21 - November 19), which is 68.0% of all properties sold in Wasaga Beach. This is a 17.2% increase compared with a previous 30 day period (September 21 - October 20) and 78.9% up from the same period a year ago. Over the past year an average of 25 homes are were sold per month.
3 condo units were sold in the last 30 days (October 21 - November 19) in Wasaga Beach, which represents 6.0% of all sold properties. This is down 0.0% from the prior 30 day period (September 21 - October 20) and 0.0% less compared to the same period last year. There were 2 condos sold per month on average during the last 12 months.
13 townhomes were sold over the last 30 days (October 21 - November 19) in Wasaga Beach, which is 26.0% of all sold real estate. This is a 225.0% more than during the previous 30 day period (September 21 - October 20) and 160.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 7 a month.