The Archipelago Real Estate Statistics

The Archipelago real estate average sold price in the last 30 days (October 21 - November 19) was $1,354,500, which is $557,000 (41.1%) higher than the average price of $797,500 in the previous 30 day period (September 21 - October 20), and $654,500 (48.3%) up from the same period 1 year ago ($700,000). The Archipelago real estate prices over the last 30 days are also $619,250 (45.7%) higher than the average selling price of $735,250 over the past year.

The Archipelago average sold price for homes was $1,354,500 in the last 30 days (October 21 - November 19), which is $557,000 (41.1%) up from the average home price of $797,500 in the previous 30 day period (September 21 - October 20), and $654,500 (48.3%) higher than the same period 1 year ago ($700,000). In the last 30 days The Archipelago the average home price was $619,250 (45.7%) higher than the average selling price of $735,250 over the last 12 months.

Average selling price for The Archipelago real estate was $1,354,500 in the last 30 days (October 21 - November 19), which is collectively $75,400 (12.0%) lower than the average asking price of $629,000. This represents a decline of $48,400 (179.3%) compared to $27,000 (2.7%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in The Archipelago during the last 12 months was recorded in December, 2023 with an average of $0 over the asking price, while the minimum occurring in November, 2023 with $534,500 below the asking price.

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 The Archipelago was 200.0% with 2 properties sold and 3 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 66.7% recorded during the previous 30 day period (September 21 - October 20), and a decrease from ∞ compared to the same period one year ago.

Over the the last year the highest SNLR in The Archipelago was 200.0% recorded in November and the lowest was in December at 0.0%. 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.

The Average Days on the Market (DOM) for 2 properties that were successfully sold in The Archipelago in the last 30 days (October 21 - November 19) was 126 days, which is 51 days more than 75 days average in the previous 30 day period (September 21 - October 20) and 18 days longer than during the same period a year ago (108 days).

There were 8 delisted properties in The Archipelago, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 110 days on the market. This is 18 days longer than the average of 92 days during the previous 30 day period (September 21 - October 20) and 1 days more compared to the same period last year average of 109 days on the market.

8 The Archipelago properties that didn't sell stayed on the market 12.7% longer than 2 that sucessfully sold over the last 30 days - 126 days when sold vs 110 days when delisted respectively.

Average Days on the Market in The Archipelago over the past 12 months for properties that have sold was 34.2 days, with 90.5 days for those properties that did not sell.

1 new properties were listed on the market in The Archipelago in the last 30 days (October 21 - November 19). During the same time 2 properties were sold and 8 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 9 properties (or 900.0%).

During the previous 30 day period (September 21 - October 20) there were 3 new properties listed, 2 sold and 5 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 8 new properties listed, the slowest - December with 0 new listings and a yearly average of 3 new listings per month.

There were a total of 2 homes sold during the last 30 days (October 21 - November 19), which is 100.0% of all properties sold in The Archipelago. This is a 0.0% decline compared with a previous 30 day period (September 21 - October 20) and 100.0% up from the same period a year ago. Over the past year an average of 1 homes are were sold per month.