Southern Georgian Bay Real Estate Market Report – January 2021

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In January, homes, on average, sold in 29 days – 42 days fewer than last January. Additionally, the month had 35% fewer listings, a high 91% sales/listings ratio, and a very high 100% sale/list price ratio. All that, and the fact that there is now just one month of inventory, add up to a strong sellers’ market.

RECORD JANUARY VOLUME OF $107,622,661
Up 68% from 2020’s record $64,113,566, with units of 129 up 17% from January 2016’s former high of 110. New listings of 142 down 35% from 2020, with the sales/listings ratio of 91% up 44%.

JANUARY UNIT SALES UP IN FIVE PRICE SEGMENTS, DOWN IN TWO
The $500K-$799K, $800K-$999K, $1M-$1.499M, $1.5M-$1.999M and $2M+ segments were up 112%, 63%, 214%, 33% and 300% respectively from last January, while the Under-$300K and $300K-$499K segments were both down 50%.

RECORD AVERAGE SALE PRICE OF $834,292
Up 34% from January 2020’s $622,462, with the average days-on-market of 29 down 42 days.

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