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 on Fairy Lake)

 

RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER:

Compared to December 2018:

  • Decrease of 11% in Ave. Sale $
  • Significantly more NEW listings
  • More sales (+12)
  • Fewer days on market
  • 1% decrease in sale to list price

Minimum: $165,000 (2019) | $205,000 (2018)

Median: $348,750 (2019) | $431,985 (2018)

Maximum: $872,000 (2019) | $599,900 (2018)

 

If you have questions about a specific area in Muskoka contact me directly at [email protected]