Georgian Bay Real Estate Statistics

Georgian Bay Real Estate Price Trend
Georgian Bay real estate average sold price in the last 30 days (November 8 - December 7) was $860,000, which is $515,000 (59.9 %) lower than the average price of $1,375,000 in the previous 30 day period (October 9 - November 7), and $226,950 (26.4 %) up from the same period 1 year ago ($633,050). Georgian Bay real estate prices over the last 30 days are also $131,049 (15.2 %) lower than the average selling price of $991,049 over the past year.
Georgian Bay average sold price for homes was $860,000 in the last 30 days (November 8 - December 7), which is $515,000 (59.9 %) down from the average home price of $1,375,000 in the previous 30 day period (October 9 - November 7), and $226,950 (26.4 %) higher than the same period 1 year ago ($633,050). In the last 30 days Georgian Bay the average home price was $169,108 (19.7 %) lower than the average selling price of $1,029,108 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Georgian Bay real estate was $860,000 in the last 30 days (November 8 - December 7), which is collectively $39,000 (4.9 %) lower than the average asking price of $799,999. This represents an increase of $135,900 (77.7 %) compared to $174,900 (16.5 %) Sold-Under-Asking price from the previous 30 day period (October 9 - November 7).
The maximum Sold Over/Under Asking ratio in Georgian Bay during the last 12 months was recorded in May, 2021 with an average of $148,344 over the asking price, while the minimum occurring in January, 2021 with $111,600 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 Georgian Bay was 200.0 % with 2 properties sold and 3 new properties listed in the past 30 days (November 8 - December 7). This represents an increase from 66.7 % recorded during the previous 30 day period (October 9 - November 7), and a decrease from compared to the same period one year ago.
Over the the last year the highest SNLR in Georgian Bay was 400.0 % recorded in January 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 2 properties that were successfully sold in Georgian Bay in the last 30 days (November 8 - December 7) was 104 days, which is 35 days less than 139 days average in the previous 30 day period (October 9 - November 7) and 72 days longer than during the same period a year ago (32 days).
There were 2 delisted properties in Georgian Bay, those that got either Expired, Suspended or Terminated over the last 30 days (November 8 - December 7) with an average of 139 days on the market. This is 41 days shorter than the average of 180 days during the previous 30 day period (October 9 - November 7) and 49 days more compared to the same period last year average of 90 days on the market.
2 Georgian Bay properties that didn't sell stayed on the market 33.7 % longer than 2 that sucessfully sold over the last 30 days - 104 days when sold vs 139 days when delisted respectively.
Average Days on the Market in Georgian Bay over the past 12 months for properties that have sold was 42.4 days, with 91.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1 new properties were listed on the market in Georgian Bay in the last 30 days (November 8 - December 7). During the same time 2 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 300.0 %).
During the previous 30 day period (October 9 - November 7) there were 3 new properties listed, 2 sold and 4 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 12 new properties listed, the slowest - December with 0 new listings and a yearly average of 5 new listings per month.
New Real Estate Listings by Property Type
Real Estate Sales by Property Type
There were a total of 2 homes sold during the last 30 days (November 8 - December 7), which is 100.0 % of all properties sold in Georgian Bay. This is a 0.0 % decline compared with a previous 30 day period (October 9 - November 7) and 50.0 % down from the same period a year ago. Over the past year an average of 5 homes are were sold per month.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
65347219