Georgian Bay Real Estate Statistics

Georgian Bay real estate average sold price in the last 30 days (March 25 - April 23) was $1,099,158, which is $699 (0.1%) lower than the average price of $1,099,857 in the previous 30 day period (February 24 - March 24), and $845,742 (76.9%) down from the same period 1 year ago ($1,944,900). Georgian Bay real estate prices over the last 30 days are also $17,571 (1.6%) higher than the average selling price of $1,081,587 over the past year.

Georgian Bay average sold price for homes was $1,126,363 in the last 30 days (March 25 - April 23), which is $49,470 (4.4%) down from the average home price of $1,175,833 in the previous 30 day period (February 24 - March 24), and $818,537 (72.7%) lower than the same period 1 year ago ($1,944,900). In the last 30 days Georgian Bay the average home price was $31,220 (2.8%) lower than the average selling price of $1,157,583 over the last 12 months.

Average selling price for Georgian Bay real estate was $1,099,158 in the last 30 days (March 25 - April 23), which is collectively $60,833 (4.2%) lower than the average asking price of $1,457,266. This represents an increase of $10,151 (14.3%) compared to $70,984 (5.6%) Sold-Under-Asking price from the previous 30 day period (February 24 - March 24).

The maximum Sold Over/Under Asking ratio in Georgian Bay during the last 12 months was recorded in August, 2023 with an average of $6,211 over the asking price, while the minimum occurring in November, 2023 with $68,000 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 Georgian Bay was 200.0% with 12 properties sold and 18 new properties listed in the past 30 days (March 25 - April 23). This represents an increase from 38.9% recorded during the previous 30 day period (February 24 - March 24), and an increase from 25.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Georgian Bay was 230.0% recorded in July and the lowest was in April at 14.3%. 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 12 properties that were successfully sold in Georgian Bay in the last 30 days (March 25 - April 23) was 19 days, which is 37 days less than 56 days average in the previous 30 day period (February 24 - March 24) and 69 days shorter than during the same period a year ago (88 days).

There were 13 delisted properties in Georgian Bay, those that got either Expired, Suspended or Terminated over the last 30 days (March 25 - April 23) with an average of 102 days on the market. This is 11 days shorter than the average of 113 days during the previous 30 day period (February 24 - March 24) and 66 days more compared to the same period last year average of 36 days on the market.

13 Georgian Bay properties that didn't sell stayed on the market 436.8% longer than 12 that sucessfully sold over the last 30 days - 19 days when sold vs 102 days when delisted respectively.

Average Days on the Market in Georgian Bay over the past 12 months for properties that have sold was 60.3 days, with 95.1 days for those properties that did not sell.

6 new properties were listed on the market in Georgian Bay in the last 30 days (March 25 - April 23). During the same time 12 properties were sold and 13 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 19 properties (or 316.7%).

During the previous 30 day period (February 24 - March 24) there were 18 new properties listed, 7 sold and 9 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 16 new properties listed, the slowest - December with 2 new listings and a yearly average of 9 new listings per month.

There were a total of 4 homes listed during the last 30 days (March 25 - April 23), which is 66.7% of all properties listed in Georgian Bay. This is a 69.2% decline compared with a previous 30 day period (February 24 - March 24) and 33.3% down from the same period a year ago. Over the past year an average of 8 homes are were listed per month.

1 condo units were listed in the last 30 days (March 25 - April 23) in Georgian Bay, which represents 16.7% of all new listings. This is down 50.0% from the prior 30 day period (February 24 - March 24) and 0.0% less compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.

1 townhomes were listed over the last 30 days (March 25 - April 23) in Georgian Bay, which is 16.7% of all new real estate inventory. This is a 66.7% less than during the previous 30 day period (February 24 - March 24) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 1 a month.

There were a total of 11 homes sold during the last 30 days (March 25 - April 23), which is 91.7% of all properties sold in Georgian Bay. This is a 83.3% increase compared with a previous 30 day period (February 24 - March 24) and 450.0% up from the same period a year ago. Over the past year an average of 6 homes are were sold per month.