Blog / News

July Market Spotlight: Huntsville & Lake of Bays

Data is collected from The Lakelands Real Estate Board for single-family residences, both on and off water in the Huntsville and Lake of Bays area.   WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to January 2018: Decrease in sales (25 sales in 2018) Increase of 24% in Ave. Sale $ Similar Days on Market No difference in % list to sale price Sales Activity July 2019: 6  sales under 599K 1  sale 500k-599k 2  sales 600k-699k 1  sale 700k-799k 2  sales 800k-899k 0  sales 900k-999k 2  sales 1m-1.499M 1  sale 1.5m + Take away: Contributing to the higher average sale price were…

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Semi-Annual Real Estate Market Spotlight: Huntsville/Lake of Bays Area

Half way through the year and the markets for both the residential off-water and on-water have shown an increase in average sale price and close to 100% sale to list price ratios.   Summary: 6% increase in average sale price ; increase in unit sales; slightly higher days on market; and a slightly lower sale to list ratio.   • 27 sales under 299K • 31 sales 300K - 349K • 27 sales 350K - 399K • 34 sales 400K - 499K • 21 sales 500K - 599K • 16 sales 600K - 799K • 2   sales 800K - 1M…

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June Market Spotlight: Muskoka & Surrounding Area

Data is collected from The Lakelands Real Estate Association for single-family detached residences, both on and off water in the Muskoka and Almagquin area. Only data sourced from MLS is used.   WATERFRONT REAL ESTATE SALES ACTIVITY   Huntsville & Lake of Bays Area Compared to 2018: 50% decrease in number of sales Increase of 4% in average sale price 5 more days on market Sale to list price 2% higher Take away: A pretty significant decrease in the amount of monthly sales compared to 2018. Majority of sales remain in the $500K-$1M price point on the smaller and medium…

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May Market Spotlight: Muskoka & Surrounding Area

Data is collected from The Lakelands Real Estate Association for single-family detached residences, both on and off water in the Muskoka and Almagquin area. Only data sourced from MLS is used.   WATERFRONT REAL ESTATE SALES ACTIVITY   Huntsville & Lake of Bays Area Compared to 2018: Slight increase in number of sales Increase of 30% in average sale price Fewer days on market Sale to list price were close Take away: 2019 there were 5 sales over $2 million compared to 2018 where the was 1 sale over $2 million.  This impacts the average sale price.  Properties selling between…

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April Market Spotlight: Muskoka & Surrounding Area

Data is collected from The Lakelands Real Estate Association for single-family residences, both on and off water in the Muskoka and Almaguin areas. Only data sourced from MLS is used.   WATERFRONT REAL ESTATE SALES ACTVITY   Huntsville & Lake of Bays Area Compared to 2018: Decrease in number of sales Increase of 30% for average sale price year over year Slight increase in days on market Sale to price ratios were very close Breakdown: There were significantly fewer new listings in April compared to March, where 26 hit the market. It is typical that we see an influx of new…

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Our New Digs!

Welcome to 59 Main Street East Huntsville, Chestnut Park Real Estate I really cannot say enough about Chestnut Park Real Estate. They are a professional, friendly, and approachable company who truly care about their agents. This support allows us to do what we do best, and that is to deliver a high standard of service to our clients. When I first joined the company in 2011, even as a "rookie" agent I felt welcomed and supported.  Fast-forward 8 years and here we are, celebrating the opening of a new downtown location.   A little about the Chestnut Park Story Chestnut Park Real Estate…

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March Market Spotlight: Muskoka Area

Data is collected from The Lakelands Real Estate Association for single-family residences, both on and off water in the Huntsville, Lake of Bays, Bracebridge and Muskoka Lakes area.   WATERFRONT REAL ESTATE SALES ACTIVITY   Huntsville & Lake of Bays   The take away: The difference year over year in terms of average list price, is relative to the number of listings sold in a certain price point. In 2018, 6 of the 9 sales were over 900k, compared to 2019 where the 3 sales were between 500-700k. We did see a slightly higher sale to list ratio in 2019, along with fewer days…

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How To Compete Responsibly In A Competitive Market

The first three months of 2019 have demonstrated that we are still in a competitive active market.  Since January, off-water homes in the Huntsville area have sold for an average sale price of $394,780, averaging 67 days on market and selling for 98.59% of list price. 96 new listings entered the market with 75 sales over those three months.  The inventory we gain, doesn’t stick around.   So how do you, as a buyer, compete responsibly in this type of market?   Buyer Strategies…and it’s not always about price Know the market, shop and compare prices of similar properties. Have…

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February Market Spotlight: Huntsville & Lake of Bays

Data is collected from The Lakelands Real Estate Board for single-family residences, both on and off water in the Huntsville and Lake of Bays area.   WATERFRONT REAL ESTATE SALES ACTIVITY:   Compared to February 2018: Decrease in sales (3 sales in 2018) Decrease in Ave. Sale $ Increase in Days on Market (4 days in 2018) Decrease in New Listings (-4) Increase in % list to sale price (94.12% 2018) Opinion: The increase in list to sale price ratio, was the result of a cottage property on Lake of Bays selling 80k over list price. This particular property was a…

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It’s time to sort the junk drawer!

  De-cluttering and organizing are important steps in the pre-listing process, but it can feel overwhelming. Having a place to start can help build momentum to tackle the bigger projects.   When enough is enough   Confession: I remember before my urge to purge and embracing a more clutter free life, I not only had one junk drawer, I had a few...along with overstuffed closets!   My epiphany came when one day I was cleaning up for guests and throwing “stuff” into my closets. This hidden clutter made me anxious, and the realization hit me (while opening my closet) that…

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