Georgian Bay Real Estate Statistics

Georgian Bay real estate average sold price in the last 30 days (October 22 - November 20) was $950,428, which is $308,928 (32.5%) higher than the average price of $641,500 in the previous 30 day period (September 22 - October 21), and $61,720 (6.5%) up from the same period 1 year ago ($888,708). Georgian Bay real estate prices over the last 30 days are also $6,598 (0.7%) higher than the average selling price of $943,830 over the past year.

Georgian Bay average sold price for homes was $1,241,666 in the last 30 days (October 22 - November 20), which is $600,166 (48.3%) up from the average home price of $641,500 in the previous 30 day period (September 22 - October 21), and $352,958 (28.4%) higher than the same period 1 year ago ($888,708). In the last 30 days Georgian Bay the average home price was $252,983 (20.4%) higher than the average selling price of $988,683 over the last 12 months.

Average selling price for Georgian Bay real estate was $950,428 in the last 30 days (October 22 - November 20), which is collectively $70,556 (5.3%) lower than the average asking price of $1,328,624. This represents a decline of $26,756 (61.1%) compared to $43,800 (2.6%) Sold-Under-Asking price from the previous 30 day period (September 22 - October 21).

The maximum Sold Over/Under Asking ratio in Georgian Bay during the last 12 months was recorded in May, 2024 with an average of $0 over the asking price, while the minimum occurring in April, 2024 with $105,000 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 58.3% with 7 properties sold and 5 new properties listed in the past 30 days (October 22 - November 20). This represents a decrease from 80.0% recorded during the previous 30 day period (September 22 - October 21), and a decrease from 120.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Georgian Bay was 122.2% recorded in April and the lowest was in May 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 7 properties that were successfully sold in Georgian Bay in the last 30 days (October 22 - November 20) was 102 days, which is 55 days more than 47 days average in the previous 30 day period (September 22 - October 21) and 41 days longer than during the same period a year ago (61 days).

There were 11 delisted properties in Georgian Bay, those that got either Expired, Suspended or Terminated over the last 30 days (October 22 - November 20) with an average of 147 days on the market. This is 51 days longer than the average of 96 days during the previous 30 day period (September 22 - October 21) and 46 days more compared to the same period last year average of 101 days on the market.

11 Georgian Bay properties that didn't sell stayed on the market 44.1% longer than 7 that sucessfully sold over the last 30 days - 102 days when sold vs 147 days when delisted respectively.

Average Days on the Market in Georgian Bay over the past 12 months for properties that have sold was 56.6 days, with 100.8 days for those properties that did not sell.

12 new properties were listed on the market in Georgian Bay in the last 30 days (October 22 - November 20). During the same time 7 properties were sold and 11 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 6 properties (or 50.0%).

During the previous 30 day period (September 22 - October 21) there were 5 new properties listed, 4 sold and 17 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 17 new properties listed, the slowest - December with 2 new listings and a yearly average of 10 new listings per month.

There were a total of 10 homes listed during the last 30 days (October 22 - November 20), which is 83.3% of all properties listed in Georgian Bay. This is a 150.0% increase compared with a previous 30 day period (September 22 - October 21) and 150.0% up from the same period a year ago. Over the past year an average of 7 homes are were listed per month.

1 townhomes were listed over the last 30 days (October 22 - November 20) in Georgian Bay, which is 8.3% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (September 22 - October 21) 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 3 homes sold during the last 30 days (October 22 - November 20), which is 42.9% of all properties sold in Georgian Bay. This is a 25.0% decline compared with a previous 30 day period (September 22 - October 21) 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.