BAY FOREST 2023 MARKET REPORT and 5-YEAR REVIEW

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Click BAY FOREST 2023 MARKET REPORT and 5-YEAR REVIEW to download a copy of this report.
Median Price and Sales
The median price of the properties sold in Bay Forest increased 77% from $268,000 in 2019 to $475,000 in 2023. Sales doubled between 2019 and 2021, and dropped back again in 2022 and 2023.

Sales by Price
Another way to look at sales is the distribution by price. In 2019, 74% of sales were under $300,000 and there were none under $300,000 in 2022 and 2023. Conversely, the share of sales over $500,000 went from zero to 44%
Bay Forest sees a small number of sales each year at quite a wide range of price: in 2023, from $320,000 to $790,000.
The combination of small number of sales and wide range of prices can make median prices less reliable as a guide to the overall market in Bay Forest. (more…)