Thunder Bay Real Estate Market Week in Review

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

Moving into March, the Thunder Bay Real Estate Market has definitely picked up a bit over last week- with a few more listings to choose from, and a bit more movement in terms of firm and conditional sales.

Thunder Bay Real Estate Market Week in Review Week Ending March 3 2017

The weekly snapshot of the Thunder Bay Real Estate Market, week ending March 3 2017 is as follows;

  • 26 new residential listings (6 of which already have accepted conditional offers in place), 7 new commercial listings and 2 vacant land opportunities
  • 22 residential listings sold firm ranging in price from $37,500 to $545,000, as well as 2 commercial listings ranging in price from $80,00 to $2,000,000
  • 24 conditionally accepted offers on residential properties
  • 13 expired and 1 cancelled (residential)

At month end of February, there were;

  • 274 active residential properties, at an average list price of $341,836 with an average DOM of 97 (including outliers)
  • 116 newly listed or re listed residential properties, 84 of which have already sold firm, after an average DOM of 47
  • with an average list price of $$264,238
  • and an average sale price of $256,070
  • %96.91 of asking

Here is this week’s updated graph depicting the list price to sale price ratio;

List price to Sale price Ratio

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