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 2019:

  • Increase of 16% in Ave. Sale $
  • More NEW listings
  • Slightly fewer sales
  • Fewer days on market
  • 1% decrease in sale to list price

Minimum: $200,000 (2020) | $245,000 (2019)

Median: $465,250 (2020) | $372,000 (2019)

Maximum: $1,200,000 (2020) | $735,000 (2019)

 

If you have questions about a specific area in Muskoka follow this link: https://hereinmuskoka.com/market-spotlight/?fbclid=IwAR0CM_Kcp3g9-LHW396m1mhYpnETvaw_E85gpD6J8aIAJe0pkE76FvuuzKw

 

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.