In the city of Thunder Bay, single-detached home sales hit the highest in five years. The records showed that the total number of home units sold was 116. The figure was a 46.8% rise from the same month, the previous year.
Reviewing the first 10 months, records indicated that cumulatively, 866 single detached homes were successfully purchased. This year-to-date change was rather small, just a slight decline of only 0.5% from October 2019. Looking at the median price during sales, the single-detached homes amounted to $274,150. This amount had shot up, bringing the percentage increase to 17.9%. This was a notable increase if compared to a similar period in 2019. The comprehensive median price from January to October 2020 was $253,100. This total, summed up for the first ten months, accounted for the 5.5% recorded in October. Because of these noticeable profits, why not partner with Thunder Bay Real Estate Board for your Dryden home sale? That single detached home that you are selling could find a buyer in no time.
The time taken before the properties are sold is also significant. The shorter the period, the better it is for the company. For the October 2019 single detached home sales, Thunder Bay Real Estate Board had recorded 27 days as the median number for sales. On the bright side, 0ctober 2020 turned out to be a good month since the median number was 15days. This was a more than half drop. It was among the shortest sales times for the company. How much did the housing unit sales amount to? In total, the dollar value of all sales from single detached homes in October 2020 generated a whopping $34.4 million. This figure was a noticeable 87.5% percentage increase as compared to October 2019. These impressive statistics set the new record for the month of October, being the best sales month. It had been five years since such impressive figures were recorded.
Why is the Thunder Bay Real Estate Board a good choice in selling your single detached home in Kenora or Terrace Bay? Thunder Bay Realtors® offers a wide range of professional services in real estate. The association has 261 members who work under the direction of the board. The qualified REALTORS® will be glad to help you find prospective buyers for your Marathon single detached homes. These professionals are found in Marathon, Sioux Narrows, Terrace Bay, Fort Frances, Thunder Bay, Manitouwadge, Dryden, Kenora, Atikokan and Sioux Lookout.