Thunder Bay single detached home sales down in April as society follows public health orders
Sales of single detached homes in the City of Thunder Bay numbered 42 units in April 2020. This was a decline of 46.8% from April 2019 and was the lowest level of sales recorded for the month in recent history.
On a year-to-date basis, single detached home sales totalled 222 units over the first four months of the year. This was a decrease of 14.6% from the same period in 2019.
The median sale price for single detached homes in April 2020 was $247,450, edging down 1.8% from the median price in April 2019.
The more comprehensive year-to-date median price was $226,000, down 5.9% from the first four months of 2020.
Single detached properties spent more time on the market before selling in April 2020 than they had a year earlier. The median number of days on market for single detached home sales was 24.5 in April 2020, up from the 18 days recorded in April 2019.
The dollar value of all single detached home sales in April 2020 was $11.5 million, declining significantly by 46.1% from the same month in 2019 as sales retreated.
BOARD & ASSOCIATION INFORMATION
The Thunder Bay Real Estate Board today has 255 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.
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