Southern Georigan Bay Real Estate Market Report – October 2020

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RECORD OCTOBER SALES, WITH SALE PRICES UP AND LISTINGS DOWN

RECORD YEAR-TO-DATE SALES VOLUME OF $1,418,071,576
Up 47% from 2019’s $962,927,692, with units of 2111 up 19% from 2019’s 1776. New listings of 2806 down 12%, with the sales/listings ratio of 75% up 19% from the 56% of a year ago.

RECORD OCTOBER SALES VOLUME OF $212,214,508

Up 95% from last October’s $108,771,625. Record October units of 279 up 45% from last year’s 192. New listings of 233 down 25% from a year ago, with the sales/listing ratio of 120% up 58%.

RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $671,753
Up 24% from the $542,189 of one year ago. Average days-on-market of 46 down 7 days.

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