How’s the real estate market?

3rd Quarter Market Spotlight

Data is collected from The Lakelands Real Estate Board for single-family, detached residences, both on and off water in the Huntsville and Lake of Bays area. 3rd Quarter sales statistics for July, August and September 2019. WATERFRONT SALES ACTIVITY  NORTH MUSKOKA (HUNTSVILLE/LAKE OF BAYS) Minimum $ 231,000 Maximum $ 4,700,000 (Lake of Bays) Median $ 705,000 SOUTH MUSKOKA (BRACEBRIDGE/MUSKOKA LAKES/GRAVENHURST) Minimum $ 170,000 Maximum $13,900,000 (Lake Joseph) Median $ 800,000 ALMAGUIN HIGHLANDS Minimum $ 139,000 Maximum $ 1,065,000 (Lake Neighick) Median $ 445,000 OFF-WATER SALES ACTIVITY  NORTH MUSKOKA (HUNTSVILLE/LAKE OF BAYS) Minimum $ 135,000 Maximum $ 1,200,000 Median $ 385,000 SOUTH MUSKOKA (BRACEBRIDGE/MUSKOKA…

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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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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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Market Pulse & Trends 2017 vs 2018

What was the impact of low inventory, stress tests and the rise of interest rates on the Huntsville/Lake of Bays Real Estate Market?   Buyer Demand Compared to 2017, we experienced lower inventory in both the Residential Market and the Waterfront Market. Buyer demand in both markets remained evident, despite the introduction of the nationwide 'stress test' in January 2018 and the forecasted interest rate increase. Steady buyer demand resulted in the continued high list to sale ratio and fewer days on the market.  Differences in List to Sale Ratio and Days on Market (DOM) for 2017 vs 2018 were nominal. Annually we saw an increase in average sale…

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