Lake of Bays Real Estate Statistics

Lake of Bays Real Estate Price Trend
Lake of Bays real estate average sold price in the last 30 days (September 1 - September 30) was $1,525,000, which is $621,050 (40.7 %) higher than the average price of $903,950 in the previous 30 day period (August 2 - August 31), and $400,000 (26.2 %) up from the same period 1 year ago ($1,125,000). Lake of Bays real estate prices over the last 30 days are also $950,294 (62.3 %) higher than the average selling price of $574,706 over the past year.
Lake of Bays average sold price for homes was $1,525,000 in the last 30 days (September 1 - September 30), which is $621,050 (40.7 %) up from the average home price of $903,950 in the previous 30 day period (August 2 - August 31), and $400,000 (26.2 %) higher than the same period 1 year ago ($1,125,000). In the last 30 days Lake of Bays the average home price was $950,294 (62.3 %) higher than the average selling price of $574,706 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Lake of Bays real estate was $1,525,000 in the last 30 days (September 1 - September 30), which is collectively $374,900 (30.0 %) lower than the average asking price of $1,248,000. This represents a decline of $383,850 (4,288.8 %) compared to $8,950 (0.3 %) Sold-Over-Asking price from the previous 30 day period (August 2 - August 31).
The maximum Sold Over/Under Asking ratio in Lake of Bays during the last 12 months was recorded in April, 2022 with an average of $103,000 over the asking price, while the minimum occurring in September, 2022 with $374,900 below the asking price.
Sales to New Listings Ratio
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 33.3 % with 1 properties sold and 7 new properties listed in the past 30 days (September 1 - September 30). This represents an increase from 28.6 % recorded during the previous 30 day period (August 2 - August 31), and a decrease from compared to the same period one year ago.
Over the the last year the highest SNLR in Lake of Bays was 100.0 % recorded in October and the lowest was in November 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 1 properties that were successfully sold in Lake of Bays in the last 30 days (September 1 - September 30) was 43 days, which is 42 days more than 1 days average in the previous 30 day period (August 2 - August 31) and 39 days longer than during the same period a year ago (4 days).
There were 4 delisted properties in Lake of Bays, those that got either Expired, Suspended or Terminated over the last 30 days (September 1 - September 30) with an average of 68 days on the market. This is 1 days longer than the average of 67 days during the previous 30 day period (August 2 - August 31) and 68 days more compared to the same period last year average of 0 days on the market.
4 Lake of Bays properties that didn't sell stayed on the market 58.1 % longer than 1 that sucessfully sold over the last 30 days - 43 days when sold vs 68 days when delisted respectively.
Average Days on the Market in Lake of Bays over the past 12 months for properties that have sold was 12.4 days, with 56.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
3 new properties were listed on the market in Lake of Bays in the last 30 days (September 1 - September 30). During the same time 1 properties were sold and 4 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 2 properties (or 66.7 %).
During the previous 30 day period (August 2 - August 31) there were 7 new properties listed, 2 sold and 6 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was August with 7 new properties listed, the slowest - December with 0 new listings and a yearly average of 2 new listings per month.
New Real Estate Listings by Property Type
Real Estate Sales by Property Type
There were a total of 1 homes sold during the last 30 days (September 1 - September 30), which is 100.0 % of all properties sold in Lake of Bays. This is a 50.0 % decline compared with a previous 30 day period (August 2 - August 31) and 0.0 % down from the same period a year ago. Over the past year an average of 1 homes are were sold per month.
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