January 2022 | Real Estate Market Report

Dated: February 8 2022

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REAL ESTATE MARKET REPORT | JANUARY 2022
Southern Georgian Bay Area

Lakelands Central:

The Lakelands Central area started 2022 with a 35.6% increase in the average residential home price from January 2021. This resulted in an average sale price of just over $996K. The area saw a 5.3% decrease in new listings as well as a 7.8% decrease in properties sold from the previous year. With less than a month of available inventory and an average of 8 days on market, the Lakelands Central area remains a very strong seller's market.

Midland:

The Town of Midland had a 39.6% increase in the average sale price, for a difference of approximately $204K when compared to January 2021. The number of new listings and sold properties was up by 11.1% and 28.6% respectively. The market continues to sit in a strong seller's market with less than a month of available inventory, and a median of 12 days on market.


Penetang:

In January 2022, the Town of Penetanguishene saw a notable decrease in the number of new listings. When looking at 2021’s numbers, the town saw a 33.3% decrease for both residential properties sold and new listings. There were only 6 available listings by the end of the month.
Home prices are up across the board, however residential sale prices were up 37.8% resulting in an average price of $1,116,250! At this time, Penetang continues to sit in a very strong seller's market with just 1 month of available inventory and a median of just 4.5 days on the market.

Tiny:

In January 2022, Tiny Township saw a slight decrease in residential home prices from a year ago; the average sale price sits at $854,875. The township saw a 21.1% increase in the number of new listings, resulting in 23 properties listed and a 33.3% increase in properties sold compared to January 2021. Tiny Township remains a very strong seller’s market with 1.1 months of available inventory and a median of 9.5 days on the market.

Tay:

Tay Township saw an incredible 60.2% increase in the average residential sale price in January 2022. When compared to 2021 it’s a jump of more than $419K! There were 13 residential properties sold, no change from the previous year; however, there was a 75% increase in the number of new listings. Listings remain active for a median of 16 days; and with only 1.2 months of available inventory, the area remains a strong seller's market.

Oro-Medonte:

Oro-Medonte started off 2022 with a 34.3% increase in residential sale prices from January 2021, resulting in an average price of $1,151,750. Sales were down by 22.2%, but new listings were up 12.5% from last year. At this time At this time, Oro-Medonte is in a seller’s market with 1.4 months of available inventory, and properties spend a median of 8 days on the market.


Springwater:

Springwater Township’s real estate market continues to sit in a very strong seller’s market, with less than a month’s available inventory. January 2022 saw a 5.3% increase in the number of residential properties sold. New listings had a 52.9% increase, which resulted in 9 more listings than January of 2021. The average residential sale price was $1,391,665, up 41.6% from 2021. At this time, listings have a median of 7 days on market, down from 14 D.O.M last year. 

Orillia:

In January 2022, Orillia saw a notable 43.1% increase in the residential sale prices from the previous year, resulting in a $232K difference. The city saw a decrease in the number of new properties listed and properties sold, down 50.9% and 43.6% respectively compared to the same period in 2021. Home’s listings in Orillia remain on the market for a median of 6 days, and the area continues as a seller’s market with only 0.7 months of inventory available.

Lakelands Central Waterfront:

Waterfront properties in the Lakelands Central area saw a 16% increase in the average sale price last month when compared to the year prior, jumping more than $182K! While there was a slight decrease in the number of new listings, the number of properties sold in January 2022 was up 63.6%. With less than a month of available inventory, waterfront properties in the Lakelands Central area continue to be in high demand and remain listed for a median of 18.5 days.

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Jim Hawke

Jim Hawke – Broker of Record, and Michele Hawke – Accounting & Deal Clerk I would like to take this opportunity to introduce the founding members of Team Hawke Realty. Jim Hawke started his real....

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