Blue Mountains Real Estate Statistics

Blue Mountains Real Estate Price Trend
Blue Mountains real estate average sold price in the last 30 days (February 28 - March 28) was $1,290,961, which is $365,038 (28.3%) higher than the average price of $925,923 in the previous 30 day period (January 29 - February 27), and $511,628 (39.6%) up from the same period 1 year ago ($779,333). Blue Mountains real estate prices over the last 30 days are also $203,407 (15.8%) higher than the average selling price of $1,087,554 over the past year.
Blue Mountains average sold price for homes was $1,178,500 in the last 30 days (February 28 - March 28), which is $17,907 (1.5%) down from the average home price of $1,196,407 in the previous 30 day period (January 29 - February 27), and $123,750 (10.5%) lower than the same period 1 year ago ($1,302,250). In the last 30 days Blue Mountains the average home price was $142,906 (12.1%) lower than the average selling price of $1,321,406 over the last 12 months.
Average Blue Mountains condo sold price over the last 30 days (February 28 - March 28) was $1,909,500. During this period it was $1,470,500 (77.0%) up from the average price of condo of $439,000 during the previous 30 days (January 29 - February 27), and $1,509,500 (79.1%) higher compared to the same period 1 year ago ($400,000). In the last 30 days Blue Mountains the average condo price was $1,318,605 (69.1%) higher than the average selling price of $590,895 over the last year.
Sold Price Above/Below Asking ($)
Average selling price for Blue Mountains real estate was $1,290,961 in the last 30 days (February 28 - March 28), which is collectively $102,346 (7.6%) lower than the average asking price of $1,342,890. This represents a decline of $44,461 (76.8%) compared to $57,885 (4.1%) Sold-Under-Asking price from the previous 30 day period (January 29 - February 27).
The maximum Sold Over/Under Asking ratio in Blue Mountains during the last 12 months was recorded in July, 2023 with an average of $11,417 under the asking price, while the minimum occurring in December, 2023 with $90,348 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 Blue Mountains was 25.0% with 13 properties sold and 29 new properties listed in the past 30 days (February 28 - March 28). This represents a decrease from 72.4% recorded during the previous 30 day period (January 29 - February 27), and a decrease from 37.5% compared to the same period one year ago.
Over the the last year the highest SNLR in Blue Mountains was 390.0% recorded in July and the lowest was in September at 25.0%. 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 13 properties that were successfully sold in Blue Mountains in the last 30 days (February 28 - March 28) was 61 days, which is 22 days less than 83 days average in the previous 30 day period (January 29 - February 27) and 30 days longer than during the same period a year ago (31 days).
There were 38 delisted properties in Blue Mountains, those that got either Expired, Suspended or Terminated over the last 30 days (February 28 - March 28) with an average of 105 days on the market. This is 27 days shorter than the average of 132 days during the previous 30 day period (January 29 - February 27) and 2 days less compared to the same period last year average of 107 days on the market.
38 Blue Mountains properties that didn't sell stayed on the market 72.1% longer than 13 that sucessfully sold over the last 30 days - 61 days when sold vs 105 days when delisted respectively.
Average Days on the Market in Blue Mountains over the past 12 months for properties that have sold was 42.9 days, with 79.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
52 new properties were listed on the market in Blue Mountains in the last 30 days (February 28 - March 28). During the same time 13 properties were sold and 38 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 1.9%).
During the previous 30 day period (January 29 - February 27) there were 29 new properties listed, 21 sold and 34 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 56 new properties listed, the slowest - December with 16 new listings and a yearly average of 37 new listings per month.
New Real Estate Listings by Property Type
There were a total of 32 homes listed during the last 30 days (February 28 - March 28), which is 61.5% of all properties listed in Blue Mountains. This is a 88.2% increase compared with a previous 30 day period (January 29 - February 27) and 77.8% up from the same period a year ago. Over the past year an average of 22 homes are were listed per month.
12 condo units were listed in the last 30 days (February 28 - March 28) in Blue Mountains, which represents 23.1% of all new listings. This is up 140.0% from the prior 30 day period (January 29 - February 27) and 140.0% more compared to the same period last year. There were 6 condos listed per month on average during the last 12 months.
8 townhomes were listed over the last 30 days (February 28 - March 28) in Blue Mountains, which is 15.4% of all new real estate inventory. This is a 14.3% more than during the previous 30 day period (January 29 - February 27) and 11.1% 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 11 homes sold during the last 30 days (February 28 - March 28), which is 84.6% of all properties sold in Blue Mountains. This is a 8.3% decline compared with a previous 30 day period (January 29 - February 27) and 175.0% up from the same period a year ago. Over the past year an average of 16 homes are were sold per month.
2 condo units were sold in the last 30 days (February 28 - March 28) in Blue Mountains, which represents 15.4% of all sold properties. This is down 60.0% from the prior 30 day period (January 29 - February 27) and 50.0% less compared to the same period last year. There were 3 condos sold per month on average during the last 12 months.
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
1271931224