real estate market report

3rd Quarter Market Spotlight

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. 3rd Quarter sales statistics for July, August and September 2019. WATERFRONT SALES ACTIVITY  NORTH MUSKOKA (HUNTSVILLE/LAKE OF BAYS) Minimum $ 231,000 Maximum $ 4,700,000 (Lake of Bays) Median $ 705,000 SOUTH MUSKOKA (BRACEBRIDGE/MUSKOKA LAKES/GRAVENHURST) Minimum $ 170,000 Maximum $13,900,000 (Lake Joseph) Median $ 800,000 ALMAGUIN HIGHLANDS Minimum $ 139,000 Maximum $ 1,065,000 (Lake Neighick) Median $ 445,000 OFF-WATER SALES ACTIVITY  NORTH MUSKOKA (HUNTSVILLE/LAKE OF BAYS) Minimum $ 135,000 Maximum $ 1,200,000 Median $ 385,000 SOUTH MUSKOKA (BRACEBRIDGE/MUSKOKA…

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Semi-Annual Real Estate Market Spotlight: Huntsville/Lake of Bays Area

Half way through the year and the markets for both the residential off-water and on-water have shown an increase in average sale price and close to 100% sale to list price ratios.   Summary: 6% increase in average sale price ; increase in unit sales; slightly higher days on market; and a slightly lower sale to list ratio.   • 27 sales under 299K • 31 sales 300K - 349K • 27 sales 350K - 399K • 34 sales 400K - 499K • 21 sales 500K - 599K • 16 sales 600K - 799K • 2   sales 800K - 1M…

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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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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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