Southern Georgian Bay Market Report – October 2025
Overall Market Conditions
Southern Georgian Bay remained a buyer’s market in October 2025. Activity strengthened year-over-year, with more sales and listings, stable to modestly rising prices, and far fewer expired listings—signalling better pricing strategies and increased buyer engagement.
Key October 2025 Highlights (Year-over-Year)
Prices
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Median Sale Price: $705,000 (▼ 0.7%)
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Average Sale Price: $836,622 (▲ 3.43%)
Prices remained stable, with small movement in both directions—indicating steady demand, particularly in mid-range homes.
Sales Activity
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Sales Volume: $183.8M (▲ 22.82%)
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Unit Sales: 220 (▲ 18.92%)
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New Listings: 644 (▲ 19.04%)
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Expired Listings: 243 (▼ 55%)
Sales and new listings increased significantly, while expired listings dropped sharply—showing better alignment between pricing and buyer expectations.
Sales-to-New-Listings Ratio
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34.16% (▼ 0.10%)
Maintains a buyer’s market (under 40%).
Year-to-Date (January–October 2025) Performance
Market Activity
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YTD Sales Volume: $1.59B (▲ 27.92%)
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YTD Unit Sales: 1,898 (▲ 19.3%)
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YTD New Listings: 6,877 (▲ 28.61%)
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YTD Sales/Listings Ratio: 27.6% (▼ 7.25%)
More properties are entering the market than are selling, reinforcing buyers’ market conditions.
Prices & Timing
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YTD Average Sale Price: $842,348 (▲ 8.53%)
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YTD Median Sale Price: $717,250 (▲ 5.48%)
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Average Days on Market: 58 days (▲ 5 days from last year)
Prices are trending upward year-to-date, but homes are taking slightly longer to sell.
Sales by Price Range (YTD)
Notable shifts:
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Strong growth in $0–$199K (▲ 80.7%), $550–$749K (▲ 21.4%), and $750–$999K (▲ 38.4%) segments.
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Declines in $200–$349K, $350–$549K, $1M+, and $2M+ price brackets.
Mid-upper price ranges are driving much of the market activity.
Sales by Property Type (YTD 2025 vs. 2024)
FREEHOLD
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Sales Volume: ↑ 38.1%
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Units Sold: ↑ 33.4%
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Average Price: ↑ 3.56%
Strongest performing segment overall.
CONDOMINIUM
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Sales Volume: ↑ 19.5%
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Units Sold: ↑ 29.5%
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Average Price: ↓ 7.69%
High unit sales but lower prices.
VACANT LAND
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Sales Volume: ↑ 41.2%
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Units Sold: ↑ 54.7%
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Average Price: ↓ 8.72%
Demand rising sharply but at lower price points.
October 2025 by Property Type
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Freehold: Sales volume up 34.5%; units up 32.9%.
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Condo: Sales volume down 9.17%; units up 13%.
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Vacant Land: Sales volume up 130.5%; units up 160%.
Vacant land saw explosive growth this month.
Overall Takeaway
The Southern Georgian Bay market in October 2025 showed stronger buyer engagement, more inventory, and stable to rising prices, but still sits firmly as a buyer’s market due to the high volume of new listings compared to sales. Freehold properties are leading the recovery, condos are mixed, and vacant land is seeing a surge in activity