August 2021 Muskoka Market SpotlightMarket Updates
AUGUST 2021 MUSKOKA MARKET SPOTLIGHT
All data collected here is representative of single family detached dwellings both on and off water in the South Muskoka and North Muskoka areas.
Collected from The Lakelands Association of Realtors®
WATERFRONT HUNTSVILLE/LAKE OF BAYS (NORTH MUSKOKA)
The Huntsville/Lake of Bays waterfront market experienced a relatively modest change in average sale price with a 11.40% increase compared to 2020. Unit sales are just slightly lower of what they were last year, with a few more new listings. Average days on market is sitting around 35 compared to 43 in 2020. The highest recorded sale for July was on Lake of Bays selling for $3,100,000.
OFF WATER RESIDENTIAL HUNTSVILLE/LAKE OF BAYS (NORTH MUSKOKA)
The residential off-water market also experienced a modest increase of 2.40% in the average sale price year over year. New listings were less with sales quite a but lower in comparison to 2020. The average days on market for residential is sitting around 21, compared to 31 in 2020. The highest recorded off-water sale was $1,080,000 in Port Sydney.
WATERFRONT SOUTH MUSKOKA
Average sale price was up 30% year over year with fewer listings hitting the market. There were significantly fewer sales compared to 2020, along with fewer days on market. List to sale ratio is sitting right at 99% . The highest recorded sale sold for $12,499,000 on Lake Rosseau.
OFF WATER RESIDENTIAL SOUTH MUSKOKA
Average sale price is 26% higher year over year, with the average sale to list at 100% demonstrating the majority of homes are selling for list price or over. 20 is the average days on market compared to 36 last year. Both new listings and sales year over year showed modest differences. The highest recorded sale on MLS was $1,355,000 in Bracebridge.
Any questions about the market specific to your area, please don’t hesitate to reach out.
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