Grimsby Real Estate Statistics

Grimsby Real Estate Price Trend
Grimsby real estate average sold price in the last 30 days (December 28 - January 26) was $2,900,000, which is $925,000 (31.9 %) higher than the average price of $1,975,000 in the previous 30 day period (November 28 - December 27), and $2,160,572 (74.5 %) up from the same period 1 year ago ($739,428). Grimsby real estate prices over the last 30 days are also $1,937,658 (66.8 %) higher than the average selling price of $962,342 over the past year.
Grimsby average sold price for homes was $2,900,000 in the last 30 days (December 28 - January 26), which is $925,000 (31.9 %) up from the average home price of $1,975,000 in the previous 30 day period (November 28 - December 27), and $1,898,400 (65.5 %) higher than the same period 1 year ago ($1,001,600). In the last 30 days Grimsby the average home price was $1,825,803 (63.0 %) higher than the average selling price of $1,074,197 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Grimsby real estate was $2,900,000 in the last 30 days (December 28 - January 26), which is collectively $80,000 (10.0 %) lower than the average asking price of $801,060. This represents an increase of $94,450 (54.1 %) compared to $174,450 (19.3 %) Sold-Under-Asking price from the previous 30 day period (November 28 - December 27).
The maximum Sold Over/Under Asking ratio in Grimsby during the last 12 months was recorded in June, 2021 with an average of $69,612 over the asking price, while the minimum occurring in December, 2021 with $174,450 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 Grimsby was 4.0 % with 1 properties sold and 24 new properties listed in the past 30 days (December 28 - January 26). This represents a decrease from 8.3 % recorded during the previous 30 day period (November 28 - December 27), and a decrease from 131.2 % compared to the same period one year ago.
Over the the last year the highest SNLR in Grimsby was 189.2 % recorded in March and the lowest was in November at 7.7 %. 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 1 properties that were successfully sold in Grimsby in the last 30 days (December 28 - January 26) was 166 days, which is 80 days more than 86 days average in the previous 30 day period (November 28 - December 27) and 150 days longer than during the same period a year ago (16 days).
There were 1 delisted properties in Grimsby, those that got either Expired, Suspended or Terminated over the last 30 days (December 28 - January 26) with an average of 164 days on the market. This is 104 days shorter than the average of 268 days during the previous 30 day period (November 28 - December 27) and 120 days more compared to the same period last year average of 44 days on the market.
1 Grimsby properties that didn't sell stayed on the market 1.2 % longer than 1 that sucessfully sold over the last 30 days - 166 days when sold vs 164 days when delisted respectively.
Average Days on the Market in Grimsby over the past 12 months for properties that have sold was 35.1 days, with 58.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
25 new properties were listed on the market in Grimsby in the last 30 days (December 28 - January 26). During the same time 1 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 23 properties (or 92.0 %).
During the previous 30 day period (November 28 - December 27) there were 24 new properties listed, 2 sold and 4 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 54 new properties listed, the slowest - January with 19 new listings and a yearly average of 36 new listings per month.
New Real Estate Listings by Property Type
There were a total of 11 homes listed during the last 30 days (December 28 - January 26), which is 44.0 % of all properties listed in Grimsby. This is a 31.2 % decline compared with a previous 30 day period (November 28 - December 27) and 37.5 % up from the same period a year ago. Over the past year an average of 21 homes are were listed per month.
13 condo units were listed in the last 30 days (December 28 - January 26) in Grimsby, which represents 52.0 % of all new listings. This is up 225.0 % from the prior 30 day period (November 28 - December 27) and 116.7 % more compared to the same period last year. There were 7 condos listed per month on average during the last 12 months.
1 townhomes were listed over the last 30 days (December 28 - January 26) in Grimsby, which is 4.0 % of all new real estate inventory. This is a 75.0 % less than during the previous 30 day period (November 28 - December 27) and 50.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 8 a month.
Real Estate Sales by Property Type
There were a total of 1 homes sold during the last 30 days (December 28 - January 26), which is 100.0 % of all properties sold in Grimsby. This is a 50.0 % decline compared with a previous 30 day period (November 28 - December 27) and 90.0 % down from the same period a year ago. Over the past year an average of 22 homes are were sold per month.
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