Market Updates

February Market Spotlight: Huntsville & Lake of Bays

What are the reports all about! https://youtu.be/ejaPiYTJzJQ   WATERFRONT REAL ESTATE SALES ACTIVITY:   Compared to February 2019: Decrease of 27% in Ave. Sale $ (see notes) Fewer NEW listings Same number of sales Fewer days on market Decrease increase in list to sale price Minimum: $307,000 (2020)  | $499,000 (2019) Median: $395,000 (2020) |  $504,456  (2019) Maximum: $482,000 (2020)  | $509,911 (2019) Important to note here is the average sale price is exceptionally low as a result of only 2 sales. What you can take from the Monthly Spotlights are a year over year comparison and an understanding of the…

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January Market Spotlight: Huntsville & Lake of Bays

What are the reports all about! https://youtu.be/ejaPiYTJzJQ   WATERFRONT REAL ESTATE SALES ACTIVITY:   Compared to January 2019: Decrease of 4% in Ave. Sale $ Fewer NEW listings Fewer sales Fewer days on market 2% increase in list to sale price Minimum: $471,000 (2020)  | $169,999 (2019) Median: $585,000 (2020) |  $666,500  (2019) Maximum: $899,900* (2020)  | $2,950,000** (2019) *Max sale for 2020: $899,900 on Rebecca Lake sold for full list after 12 days on market ** Max sale for 2020: $2,950,000 on Peninsula Lake sold for 99% of list price   RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to January…

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2019 Market Review

Data is collected from The Lakelands Real Estate Board for single-family detached residences, both on and off water: North Muskoka (Huntsville, Lake of Bays); South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst); and the Almaguin Highlands.   Waterfront Sales Activity: North Muskoka (Huntsville & Lake of Bays)  Minimum Sale Price: $169,999 | $115,000 (2018) Median Sale Price: $715,000 | $637,500 (2018) Maximum Sale Price:  $4,700,000* | $3,900,000 (2018) Max Sale Price 2019* $4,700,000 was on Lake of Bays    Waterfront Sales Activity: South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst) Minimum Sale Price: $145,000 | $96,000 (2018) Median Sale Price: $780,000 | $775,000 (2018)…

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December Market Spotlight: Huntsville & Lake of Bays

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.    WATERFRONT REAL ESTATE SALES ACTIVITY:   Compared to December 2018: Increase of 24% in Ave. Sale $ Slightly more NEW Listings More sales More average days on market (*Note* this is a reflection of 2 properties listed for over 250 days) 3% increase in list to sale price Minimum: $400,000 (2019)  | $270,000 (2018) Median: $637,505 (2019) |  $ 662,5000 (2018) Maximum: $1,850,000* (2019)  | $ 1,000,000 (2018) *(Max sale of $1,850,000 was…

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November Market Spotlight: Huntsville & Lake of Bays

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.    WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to November 2018: Increase of 23% in Ave. Sale $ Slightly fewer NEW Listings Fewer sales More average days on market 2% decrease in list to sale price Minimum: $450,000 (2019)  | $279,000 (2018) Median: $825,000 (2019) |  $437,750  (2018) Maximum: $1,270,000* (2019)  | $2,500,000 (2018) ( $1,270,000*) was on Lake Vernon.     RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to November 2018: Decrease of .7%…

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October Market Spotlight: Huntsville & Lake of Bays

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.    WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to October 2018: Increase in sales Decrease of 8% in Ave. Sale $ Fewer days on market 3% increase in list to sale price Minimum: $290,000 (2019)  | $325,500 (2018) Maximum: $2,400,000 (2019)  | $2,700,000 (2018) Median: $715,000 (2019) |  $622,250 (2018)   RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to October 2018: Slightly more in sales Decrease of 4% in Ave. Sale $ Slight decrease in…

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September 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 September 2018: Slight increase in sales Increase of 3% in Ave. Sale $ Slightly more days on market 2% decrease in list to sale price Minimum: $355,000 (2019) $115,000 (2018) Maximum: $2,750,000 (2019) $3,900,000 (2018) Median: $762,500 (2019) $617,500 (2018)   RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER:   Compared to September 2018: 50% increase in sales Increase of .8% in Ave. Sale $ Increase in Days on Market…

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August 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 August 2018: Slight increase in sales (25 vs 21 sales in 2018) Decrease of 6% in Ave. Sale $ Slightly fewer days on market 3% increase in list to sale price Sales Activity August 2019:  8 sales under 499K  2 sales 500k-599k  4 sales 600k-699k  2 sales 700k-799k  2 sales 800k-899k  0 sales 900k-999k  5 sales 1m-1.999M  0 sales 2m - 2.999M  1 sale 3M -3.999M  1…

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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 July 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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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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