King Real Estate Statistics

King Real Estate Price Trend
King real estate average sold price in the last 30 days (November 2 - December 1) was $2,151,030, which is $106,474 (4.9 %) higher than the average price of $2,044,556 in the previous 30 day period (October 3 - November 1), and $670,137 (31.2 %) up from the same period 1 year ago ($1,480,893). King real estate prices over the last 30 days are also $183,224 (8.5 %) higher than the average selling price of $1,967,806 over the past year.
King average sold price for homes was $2,376,477 in the last 30 days (November 2 - December 1), which is $173,402 (7.3 %) up from the average home price of $2,203,075 in the previous 30 day period (October 3 - November 1), and $747,526 (31.5 %) higher than the same period 1 year ago ($1,628,951). In the last 30 days King the average home price was $246,019 (10.4 %) higher than the average selling price of $2,130,458 over the last 12 months.
Average King condo sold price over the last 30 days (November 2 - December 1) was $612,666. During this period it was $44,166 (7.2 %) up from the average price of condo of $568,500 during the previous 30 days (October 3 - November 1), and $23,952 (3.9 %) higher compared to the same period 1 year ago ($588,714). In the last 30 days King the average condo price was $46,556 (7.6 %) higher than the average selling price of $566,110 over the last year.
Average sold price of King townhouse was $1,134,333 in the last 30 days (November 2 - December 1), down $295,667 (26.1 %) from the average townhome price of $1,430,000 over the previous 30 days (October 3 - November 1), and $39,333 (3.5 %) higher than during to the same period 1 year ago ($1,095,000). Over the last 30 days the average townhouse price in King was $46,686 (4.1 %) higher compared to the average selling price of $1,087,648 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for King real estate was $2,151,030 in the last 30 days (November 2 - December 1), which is collectively $26,926 (0.9 %) lower than the average asking price of $2,945,575. This represents a decline of $20,613 (326.5 %) compared to $6,313 (0.3 %) Sold-Under-Asking price from the previous 30 day period (October 3 - November 1).
The maximum Sold Over/Under Asking ratio in King during the last 12 months was recorded in April, 2021 with an average of $11,090 under the asking price, while the minimum occurring in January, 2021 with $102,596 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 King was 88.9 % with 40 properties sold and 46 new properties listed in the past 30 days (November 2 - December 1). This represents a decrease from 110.9 % recorded during the previous 30 day period (October 3 - November 1), and a decrease from 125.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in King was 156.0 % recorded in December and the lowest was in February at 60.6 %. 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 40 properties that were successfully sold in King in the last 30 days (November 2 - December 1) was 27 days, which is 8 days more than 19 days average in the previous 30 day period (October 3 - November 1) and 6 days shorter than during the same period a year ago (33 days).
There were 21 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (November 2 - December 1) with an average of 47 days on the market. This is 47 days shorter than the average of 94 days during the previous 30 day period (October 3 - November 1) and 34 days less compared to the same period last year average of 81 days on the market.
21 King properties that didn't sell stayed on the market 74.1 % longer than 40 that sucessfully sold over the last 30 days - 27 days when sold vs 47 days when delisted respectively.
Average Days on the Market in King over the past 12 months for properties that have sold was 30.4 days, with 75.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
45 new properties were listed on the market in King in the last 30 days (November 2 - December 1). During the same time 40 properties were sold and 21 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 16 properties (or 35.6 %).
During the previous 30 day period (October 3 - November 1) there were 46 new properties listed, 51 sold and 19 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 112 new properties listed, the slowest - December with 25 new listings and a yearly average of 64 new listings per month.
New Real Estate Listings by Property Type
There were a total of 42 homes listed during the last 30 days (November 2 - December 1), which is 93.3 % of all properties listed in King. This is a 7.7 % increase compared with a previous 30 day period (October 3 - November 1) and 2.4 % up from the same period a year ago. Over the past year an average of 58 homes are were listed per month.
1 condo units were listed in the last 30 days (November 2 - December 1) in King, which represents 2.2 % of all new listings. This is down 66.7 % from the prior 30 day period (October 3 - November 1) and 66.7 % less compared to the same period last year. There were 3 condos listed per month on average during the last 12 months.
2 townhomes were listed over the last 30 days (November 2 - December 1) in King, which is 4.4 % of all new real estate inventory. This is a 50.0 % less than during the previous 30 day period (October 3 - November 1) and 50.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.
Real Estate Sales by Property Type
There were a total of 34 homes sold during the last 30 days (November 2 - December 1), which is 85.0 % of all properties sold in King. This is a 24.4 % decline compared with a previous 30 day period (October 3 - November 1) and 32.0 % down from the same period a year ago. Over the past year an average of 45 homes are were sold per month.
3 condo units were sold in the last 30 days (November 2 - December 1) in King, which represents 7.5 % of all sold properties. This is down 25.0 % from the prior 30 day period (October 3 - November 1) and 57.1 % less compared to the same period last year. There were 4 condos sold per month on average during the last 12 months.
3 townhomes were sold over the last 30 days (November 2 - December 1) in King, which is 7.5 % of all sold real estate. This is a 50.0 % more than during the previous 30 day period (October 3 - November 1) and 0.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 3 a month.
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