BAY FOREST Q3 MARKET REPORT 2019-2023
The median price of the homes sold in Bay Forest jumped nearly 70% from $268,000 in 2019 to just over $450,000 in 2022. Sales surged until around Q3 2021, thereafter returning closer to pre-pandemic levels. YTD Q3 2023 – a better gauge than quarterly fluctuations on a very small number of sales – the median price increased 14% to $500,000. Quarterly fluctuations will occur when the numbers are small and the price range wide – in Bay Forest from $320,000 to $799,000 in 2023.
This report analyses the Median Price and Sales per quarter since 2019, along with the Sales by Price point, Price per Sq.Ft., and the Days properties were on the market before receiving an offer (DTO).
Median numbers are used in all calculations.
Click on BAY FOREST MARKET REPORT 2019-2023 to read the full report.
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- Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor