Ever wonder about the assessed value of your home and why it is so different from the actual market value of your home? The Municipal Property Assessment Corporation or MPAC, is an independent, not
Housing Supply Overview for Southern Georgian Bay
Dated: March 29 2022
Housing Supply Overview based on real Estate Stats from our local MLS Data
Based on Home Sales performance during the 12 month period spanning March 2021 through February 2022, Sales in the Lakelands area were up 4.3% overall. The price range with the largest price-gain in sales was the $1,000,000 to $1,999,999 range, where they increased 90.9%.
The overall median sales price was up 28% to $700,000. The property type with the largest price-gain was the Condo segment, where prices increased 33.2% to $565,900. The price range that tended to sell the fastest was the $500,000 to $799,999 range at 18 days.
Market-wide, Inventory levels were down 23.9%. The property type with the smallest decline was the Non- Waterfront segment, where we saw a decrease of 16.5%. That amounts to 0.7 months supply for waterfront and 0.6 months supply for Non-Waterfront.
Seventeen years working with Buyers, Sellers and Investors in the Southern Georgian Bay Area. I am a Broker and an accredited Seniors Real Estate Specialist, SRES®. I empower Buyers, Sellers and Inv....
Latest Blog Posts
The Bank of Canada increased its target rate for the eighth time in less than 12 months, by a quarter of a percentage point, making borrowing money even more expensive. Yet, at a quarter of a