2019 Market Review
Data is collected from The Lakelands Real Estate Board for single-family detached residences, both on and off water: North Muskoka (Huntsville, Lake of Bays); South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst); and the Almaguin Highlands.
Waterfront Sales Activity: North Muskoka (Huntsville & Lake of Bays)
Minimum Sale Price: $169,999 | $115,000 (2018)
Median Sale Price: $715,000 | $637,500 (2018)
Maximum Sale Price: $4,700,000* | $3,900,000 (2018)
Max Sale Price 2019* $4,700,000 was on Lake of Bays
Waterfront Sales Activity: South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst)
Minimum Sale Price: $145,000 | $96,000 (2018)
Median Sale Price: $780,000 | $775,000 (2018)
Maximum Sale Price: $13,900,000* | $6,400,000 (2018)
Max Sale Price 2019* $13,900,000 was on Lake Joseph
Waterfront Sales Activity: Almaguin Highlands
Minimum Sale Price: $139,000 | $70,000 (2018)
Median Sale Price: $470,000 | $399,990 (2018)
Maximum Sale Price: $1,800,000* | $ 1,325,000 (2018)
Max Sale Price 2019* $1,800,000 was on Spring Lake
Summary for Waterfront: All 3 market areas experienced increases in both the average sale price and median sale price. North Muskoka (Huntsville/Lake of Bays) has fewer unit sales in comparison to 2018, whereas South Muskoka experienced an increase in unit sales year over year, and the Almaguin Highlands experienced slightly fewer unit sales.
Predictions for the year ahead: As long as inventory can support Buyer demand, we should see an active 2020. While there is Buyer demand, as a discretionary purchase, pricing well on waterfront is still crucial to sales success. Some of the properties that sold in the fall, had been listed in the earlier part of the year, however, needed to adjust their price in order to facilitate a sale. There is an appetite for the “cottage lifestyle”, however most Buyers are reluctant to overpay, therefore Sellers need to be mindful of their pricing.
Off-Water Residential Sales Activity: North Muskoka (Huntsville & Lake of Bays)
Minimum Sale Price: $135,000 | $97,500 (2018)
Median Sale Price: $383,000 | $360,000 (2018)
Maximum Sale Price: $1,200,000 | $935,000 (2018)
Off-Water Sales Activity: South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst)
Minimum Sale Price: $125,000 | $95,000 (2018)
Median Sale Price: $385,000| $357,500 (2018)
Maximum Sale Price: $1,050,000| $1,099,900 (2018)
Off-Water Sales Activity: Almaguin Highlands
Minimum Sale Price: $80,000| $52,000 (2018)
Median Sale Price: $245,000 | $215,000 (2018)
Maximum Sale Price: $660,000 | $590,000 (2018)
Summary for Off-Water homes: Both the average sale price and median sale price in all 3 market areas experienced increases year over year. Unit sales in North Muskoka (including Huntsville/Lake of Bays) were higher compared to 2018, whereas South Muskoka and Almaguin experienced fewer unit sales year over year.
Predictions for the year ahead: New construction, particularly in Huntsville, continues to fuel activity in the residential markets. We are seeing more and more people moving to Muskoka in pursuit of a different lifestyle. Those moving to the area are usually able to take equity from their homes in the city, to put towards a home in Muskoka (off-water) where it can go a lot further. We don’t expect this “move to Muskoka” trend to slow down in 2020.
“We would like to take this opportunity to thank Kim O’Grady for the time she spent assisting and advising us on the properties in the Muskoka’s. Her extensive knowledge was extremely useful and resulted with a purchase in the town of Bracebridge. We would gladly recommend Kim for future referrals.”
“Kim was professional, extremely knowledgeable and extremely helpful in finding us the cottage we had always wanted. We highly recommend her to assist you with any of your real estate needs.”
A well informed professional who is so accommodating and works tirelessly, we highly recommend Kim to anyone who is looking to find a home in the Muskoka area. She is a genuine and honest person who consistently watches the market and matches properties tailored specifically for your needs and wants. She…
“I highly recommend Kim to anyone interested in buying or selling a home/cottage etc. She went beyond our expectations in regard to her knowledge of real estate, her professionalism, her communication skills as well as her social skills and her caring and responsible attitude toward her clients. We couldn’t have…
“We were looking for a cottage for about a year and switched our focus to the Huntsville and surrounding areas and come across a listing that she had advertised. Upon talking with Kim about the property we knew we had someone we could work with. She was very patient answering…
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