real estate in Lake of Bays

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

January Market Spotlight: Huntsville & Lake of Bays

Data is collected from The Lakelands Real Estate Board for single-family residences both on and off-water.   WATERFRONT REAL ESTATE SALES ACTIVITY:   Compared to January 2018: Increase in Sales Increase in Ave. Sale $ Increase in Days on Market (DOM) Increase in % Sale/List price. Opinion: The 111% increase in ave. sale price was result of a few sales in the higher price points compared to 2017. January 2017 there were 6 sales overall compared to 8 in 2018. 5 of those 8 sales were in the 500-800k range and 2 were over 1m. DOM and % Sale/List were only…

READ MORE