Lakeshore Real Estate Statistics

Lakeshore real estate average sold price in the last 30 days (March 24 - April 22) was $711,666, which is $111,666 (15.7%) higher than the average price of $600,000 in the previous 30 day period (February 23 - March 23), and $638,334 (89.7%) down from the same period 1 year ago ($1,350,000). Lakeshore real estate prices over the last 30 days are also $176,700 (24.8%) lower than the average selling price of $888,366 over the past year.

Lakeshore average sold price for homes was $711,666 in the last 30 days (March 24 - April 22), which is $111,666 (15.7%) up from the average home price of $600,000 in the previous 30 day period (February 23 - March 23), and $638,334 (89.7%) lower than the same period 1 year ago ($1,350,000). In the last 30 days Lakeshore the average home price was $176,700 (24.8%) lower than the average selling price of $888,366 over the last 12 months.

Average selling price for Lakeshore real estate was $711,666 in the last 30 days (March 24 - April 22), which is collectively $4,600 (0.4%) lower than the average asking price of $1,199,450. This represents an increase of $19,850 (81.2%) compared to $24,450 (0.5%) Sold-Under-Asking price from the previous 30 day period (February 23 - March 23).

The maximum Sold Over/Under Asking ratio in Lakeshore during the last 12 months was recorded in July, 2023 with an average of $200,000 over the asking price, while the minimum occurring in June, 2023 with $449,999 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 Lakeshore was 150.0% with 3 properties sold and 1 new properties listed in the past 30 days (March 24 - April 22). This represents a decrease from 200.0% recorded during the previous 30 day period (February 23 - March 23), and an increase from 33.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Lakeshore was 200.0% recorded in July and the lowest was in April 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 3 properties that were successfully sold in Lakeshore in the last 30 days (March 24 - April 22) was 14 days, which is 20 days less than 34 days average in the previous 30 day period (February 23 - March 23) and 4 days longer than during the same period a year ago (10 days).

There were 2 delisted properties in Lakeshore, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 82 days on the market. This is 63 days shorter than the average of 145 days during the previous 30 day period (February 23 - March 23) and 82 days more compared to the same period last year average of 0 days on the market.

2 Lakeshore properties that didn't sell stayed on the market 485.7% longer than 3 that sucessfully sold over the last 30 days - 14 days when sold vs 82 days when delisted respectively.

Average Days on the Market in Lakeshore over the past 12 months for properties that have sold was 11.4 days, with 89.8 days for those properties that did not sell.

2 new properties were listed on the market in Lakeshore in the last 30 days (March 24 - April 22). During the same time 3 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 150.0%).

During the previous 30 day period (February 23 - March 23) there were 1 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 June with 7 new properties listed, the slowest - October with 0 new listings and a yearly average of 2 new listings per month.

There were a total of 2 homes listed during the last 30 days (March 24 - April 22), which is 100.0% of all properties listed in Lakeshore. This is a 100.0% increase compared with a previous 30 day period (February 23 - March 23) and 33.3% down from the same period a year ago. Over the past year an average of 2 homes are were listed per month.

There were a total of 3 homes sold during the last 30 days (March 24 - April 22), which is 100.0% of all properties sold in Lakeshore. This is a 50.0% increase compared with a previous 30 day period (February 23 - March 23) and 200.0% up from the same period a year ago. Over the past year an average of 2 homes are were sold per month.