REAL ESTATE MARKET REPORT | DECEMBER 2021Southern Georgian Bay AreaLakelands Central:In December of 2021, the Lakelands Central area (which includes Midland, Penetanguishene, Tiny, Tay, Springwater,
November 2021's Real Estate Market Report
Dated: December 8 2021
REAL ESTATE MARKET REPORT | OCTOBER 2021
Southern Georgian Bay Area
The Lakelands Central area (formally the Eastern District of Southern Georgian Bay) saw a 3.6% decrease in the number of sold properties. However, the number of new listings and average sale price increased in November 2021 from 2020. This has resulted in 151 new listings and an average sale price of $798K.
With just 0.7 months of available inventory and an average of 10 days on market, the central area (which encompasses Midland, Penetanguishene, Tay Township, Tiny Township, Springwater, Orillia, Oro-Medonte, and Ramara) continues to be in a very strong seller’s market.
In November 2021, The Lakelands Western area (which includes Clearview, Collingwood, Grey Highlands, Meaford, The Blue Mountains, and Wasaga Beach) saw a 23.9% increase in the average residential home price from November 2020. This has resulted in an average sale price of $954,326. The area saw 212 new residential home listings, however, the number of properties sold is down 13% from the previous year.
With just 1.3 months of available inventory and an average of 16.5 days on the market, The Lakelands Western area remains in a strong seller’s market.
The Town of Midland had a notable increase in average sale price when compared November of this year to 2020; an increase of over 149K. Residential home sales nearly doubled, with an increase of 90.5%, and new listings up 65% from last year.
At this time, Midland remains in an incredibly strong seller’s market with 0.5 months of inventory and an average of 8 days on market.
In November 2021, Penetanguishene saw a dramatic 33.3% increase in the average sale price, a difference of $191 from November 2020. Residential home sales were down by 13.3%. However, new listings are up by 60%, resulting in 8 new properties listed. Penetang, continues to sit as a very strong seller’s market with only 0.5 months of inventory, and an average of 10 days on the market.
The Township of Tay saw an increase in new listings in November when comparing numbers to 2020’s stats, the township saw a 27.8% increase. Residential home sales were up by 17.6% and the average sale price rose 23.4% when compared to last year. Tay is still sitting in a strong Seller’s Market with 0.8 months of inventory, and an average of 13 days on the market.
In November 2021, Tiny Township saw a 4.4% increase in residential sales prices, with an average price of $846,156. However, the number of residential properties sold was down from November 2020 by 24.2%, resulting in 25 homes sold. The township of Tiny remains in a steady seller’s market with just 1 month of inventory, and an average of 17 days on market.
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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....