Rideau Lakes Real Estate Statistics

Rideau Lakes real estate average sold price in the last 30 days (October 21 - November 19) was $578,375, which is $41,625 (7.2%) lower than the average price of $620,000 in the previous 30 day period (September 21 - October 20), and $179,375 (31.0%) up from the same period 1 year ago ($399,000). Rideau Lakes real estate prices over the last 30 days are also $210,543 (36.4%) higher than the average selling price of $367,832 over the past year.

Rideau Lakes average sold price for homes was $582,044 in the last 30 days (October 21 - November 19), which is $37,956 (6.5%) down from the average home price of $620,000 in the previous 30 day period (September 21 - October 20), and $183,044 (31.4%) higher than the same period 1 year ago ($399,000). In the last 30 days Rideau Lakes the average home price was $213,711 (36.7%) higher than the average selling price of $368,333 over the last 12 months.

Average selling price for Rideau Lakes real estate was $578,375 in the last 30 days (October 21 - November 19), which is collectively $17,480 (2.3%) lower than the average asking price of $769,323. This represents an increase of $11,520 (39.7%) compared to $29,000 (3.7%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Rideau Lakes during the last 12 months was recorded in November, 2023 with an average of $0 over the asking price, while the minimum occurring in May, 2024 with $194,666 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 Rideau Lakes was 468.9% with 286 properties sold and 25 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 4.0% recorded during the previous 30 day period (September 21 - October 20), and an increase from 12.5% compared to the same period one year ago.

Over the the last year the highest SNLR in Rideau Lakes was 300.0% recorded in September 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 286 properties that were successfully sold in Rideau Lakes in the last 30 days (October 21 - November 19) was 31 days, which is 22 days less than 53 days average in the previous 30 day period (September 21 - October 20) and 14 days longer than during the same period a year ago (17 days).

There were 379 delisted properties in Rideau Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 91 days on the market. This is 35 days shorter than the average of 126 days during the previous 30 day period (September 21 - October 20) and 20 days less compared to the same period last year average of 111 days on the market.

379 Rideau Lakes properties that didn't sell stayed on the market 193.5% longer than 286 that sucessfully sold over the last 30 days - 31 days when sold vs 91 days when delisted respectively.

Average Days on the Market in Rideau Lakes over the past 12 months for properties that have sold was 31.2 days, with 102.3 days for those properties that did not sell.

61 new properties were listed on the market in Rideau Lakes in the last 30 days (October 21 - November 19). During the same time 286 properties were sold and 379 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 604 properties (or 990.2%).

During the previous 30 day period (September 21 - October 20) there were 25 new properties listed, 1 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 October with 71 new properties listed, the slowest - December with 0 new listings and a yearly average of 8 new listings per month.

There were a total of 61 homes listed during the last 30 days (October 21 - November 19), which is 100.0% of all properties listed in Rideau Lakes. This is a 165.2% increase compared with a previous 30 day period (September 21 - October 20) and 662.5% up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.

There were a total of 284 homes sold during the last 30 days (October 21 - November 19), which is 99.3% of all properties sold in Rideau Lakes. This is a 28,300.0% increase compared with a previous 30 day period (September 21 - October 20) and 28,300.0% up from the same period a year ago. Over the past year an average of 15 homes are were sold per month.