Lake of Bays Real Estate Statistics

Lake of Bays real estate average sold price in the last 30 days (October 21 - November 19) was $627,000, which is $236,333 (37.7%) lower than the average price of $863,333 in the previous 30 day period (September 21 - October 20), and $1,533,650 (244.6%) down from the same period 1 year ago ($2,160,650). Lake of Bays real estate prices over the last 30 days are also $317,810 (50.7%) lower than the average selling price of $944,810 over the past year.

Lake of Bays average sold price for homes was $627,000 in the last 30 days (October 21 - November 19), which is $236,333 (37.7%) down from the average home price of $863,333 in the previous 30 day period (September 21 - October 20), and $1,533,650 (244.6%) lower than the same period 1 year ago ($2,160,650). In the last 30 days Lake of Bays the average home price was $317,810 (50.7%) lower than the average selling price of $944,810 over the last 12 months.

Average selling price for Lake of Bays real estate was $627,000 in the last 30 days (October 21 - November 19), which is collectively $22,000 (1.8%) lower than the average asking price of $1,242,800. This represents an increase of $73,996 (77.1%) compared to $95,996 (4.4%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Lake of Bays during the last 12 months was recorded in June, 2024 with an average of $15,275 over the asking price, while the minimum occurring in May, 2024 with $144,500 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Lake of Bays was 16.7% with 1 properties sold and 3 new properties listed in the past 30 days (October 21 - November 19). This represents a decrease from 100.0% recorded during the previous 30 day period (September 21 - October 20), and a decrease from 100.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Lake of Bays was 133.3% recorded in September and the lowest was in December at 0.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 1 properties that were successfully sold in Lake of Bays in the last 30 days (October 21 - November 19) was 77 days, which is 40 days more than 37 days average in the previous 30 day period (September 21 - October 20) and 6 days longer than during the same period a year ago (71 days).

There were 6 delisted properties in Lake of Bays, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 69 days on the market. This is 14 days shorter than the average of 83 days during the previous 30 day period (September 21 - October 20) and 2 days less compared to the same period last year average of 71 days on the market.

6 Lake of Bays properties that didn't sell stayed on the market 10.4% longer than 1 that sucessfully sold over the last 30 days - 77 days when sold vs 69 days when delisted respectively.

Average Days on the Market in Lake of Bays over the past 12 months for properties that have sold was 33.8 days, with 84.2 days for those properties that did not sell.

6 new properties were listed on the market in Lake of Bays in the last 30 days (October 21 - November 19). During the same time 1 properties were sold and 6 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 16.7%).

During the previous 30 day period (September 21 - October 20) there were 3 new properties listed, 3 sold and 7 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 10 new properties listed, the slowest - December with 1 new listings and a yearly average of 6 new listings per month.

There were a total of 6 homes listed during the last 30 days (October 21 - November 19), which is 100.0% of all properties listed in Lake of Bays. This is a 200.0% increase compared with a previous 30 day period (September 21 - October 20) and 100.0% up from the same period a year ago. Over the past year an average of 5 homes are were listed per month.

There were a total of 1 homes sold during the last 30 days (October 21 - November 19), which is 100.0% of all properties sold in Lake of Bays. This is a 66.7% decline compared with a previous 30 day period (September 21 - October 20) and 66.7% down from the same period a year ago. Over the past year an average of 2 homes are were sold per month.