Thunder Bay Real Estate Market Week in Review- 01/30/2017- 02/03/2017

Warmer weather this week definitely had an impact on our local Thunder Bay Real Estate Market.  By Friday of last week, I was feeling pretty busy!  This week’s market snapshot in review for the last week of January 2017 heading into February looked something like this;

  • 22 new residential listings, 5 new lease opportunities, 1 vacant land, and 2 commercial listings
  • 19 sold firm- which was comprised of 17 residential listings and 2 vacant land properties
  • 16 conditionally accepted offers, all of which were on residential properties
  • 19 expired and 3 cancelled listings

For the month of January there were;

  • 275 active residential listings, with an average price of $339,925, and an average DOM of 94 (would love to eliminate outliers included in this calculation- working on it!)
  • 115 newly listed or re listed residential listings, 63 of which sold firm 
  • with an average listing price of $244,376 
  • and an average sale price of $233,901
  • 95.71% of asking

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