Winter Winds Move the Market in North Bay

Residential sales activity totalled 43 units in December 2016. This was unchanged compared to a year earlier. The average price of homes sold in December 2016 was $218,250, rising 2.4% from the previous year. The annual average price figure was $232,040, up 4% from the same period the year prior. New residential listings were slightly down, however, from December 2015 with a total of 60 homes. With 357 units listings at the end of December, active residential listings were down 16.8% from December 2015. The total value of all residential sales amounted to $9.4 million in December, climbing 2.4%.