City of Thunder Bay MLS® single detached home sales rise to average August
Sales of single detached homes in the City of Thunder Bay numbered 104 units in August 2021. This was a gain of 15.6% (14 sales) from the same period in 2020.
Single detached home sales were 1.3% below the five-year average and 1.8% above the 10-year average for the month of August.
On a year-to-date basis, single detached home sales totaled 754 units over the first eight months of the year. This was up by 66.7% from the same period in 2020.
The median sale price for single detached homes sold in August 2021 was $298,250, an increase of 17.9% from August 2020. Median home prices have been hovering slightly below the $300,000 mark over the past several months.
The more comprehensive year-to-date median price was $289,900, a sizable gain of 17.3% from the first eight months of 2020.
Single detached properties spent more time on the market before selling in August 2021 than they had a year earlier. The median number of days on market for single detached home sales was 16 in August 2021, up from the 13.5 days recorded in August 2020.
The dollar value of all single detached home sales in August 2021 was $33.3 million, a substantial gain of 36.9% from the same month in 2020. This was also a new record for the month of August.
BOARD & ASSOCIATION INFORMATION
The Thunder Bay Real Estate Board today has 261 member REALTORS® providing a variety of professional real estate services. Our members are located in Thunder Bay, Marathon, Terrace Bay, Manitouwadge, Geraldton, Sioux Lookout, Dryden, Kenora, Sioux Narrows, Fort Frances and Atikokan. You can contact any one of them by using the convenient REALTOR® search feature on this web site. Information from the residential property listings, industrial property and business listings, submitted to the Board can also be found online on www.realtor.ca.
THUNDER BAY REAL ESTATE BOARD
1135 Barton St
Thunder Bay, ON P7B 5N3