real estate market report

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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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…

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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…

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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…

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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…

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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…

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