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April Market Spotlight Muskoka
APRIL MUSKOKA MARKET DATA WATERFRONT REAL ESTATE SALES ACTIVITY: Huntsville and Lake of Bays Area Compared to April 2019: Increase in Ave. Sale $ (see notes) 1 more new listing compared to 2019 1 sale Significantly more days on market (consideration must me given to the fact there was only the one sale) Decrease in list to sale price Sales Data: With only the one sale, we really cannot compare numbers year over year. We had 21 new listings in March hit the market, however, strict showing protocols and encouragement from the the Government to stay at home, has…
1st Quarter Market Spotlights for Muskoka & Almaguin
1st Quarter sales statistics for January, February and March 2020 With the exception of the Huntsville/Lake of Bays Waterfront market we experienced an increase in average sales prices in all three market areas, for both on and off water single family homes. While there was still sales activity in March, we can now start to see that activity is slowing down as a result of strict showing protocols and fewer listings hitting the market. The recreational market understandably will be the most impacted as a result of COVID-19, as many will be evaluating discretionary purchases moving forward. The challenge right…
March Market Spotlight: Huntsville & Lake of Bays
MARCH MARKET DATA : Relevant to the data collected for March 2020, is understanding the market before March 15th and the market after March 15th, when emergency measures were implemented as a result of COVID-19. In both the residential off-water and waterfront markets, the early part of March showed promise with new inventory and strong sales activity. Now with strict protocol in place, the real estate transactions that are taking place are considered more essential than discretionary. The reality is people still need to move, due to circumstances not always in their control, and those are the transactions we are…
February Market Spotlight: Huntsville & Lake of Bays
What are the reports all about! https://youtu.be/ejaPiYTJzJQ WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to February 2019: Decrease of 27% in Ave. Sale $ (see notes) Fewer NEW listings Same number of sales Fewer days on market Decrease increase in list to sale price Minimum: $307,000 (2020) | $499,000 (2019) Median: $395,000 (2020) | $504,456 (2019) Maximum: $482,000 (2020) | $509,911 (2019) Important to note here is the average sale price is exceptionally low as a result of only 2 sales. What you can take from the Monthly Spotlights are a year over year comparison and an understanding of the…
January Market Spotlight: Huntsville & Lake of Bays
What are the reports all about! https://youtu.be/ejaPiYTJzJQ WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to January 2019: Decrease of 4% in Ave. Sale $ Fewer NEW listings Fewer sales Fewer days on market 2% increase in list to sale price Minimum: $471,000 (2020) | $169,999 (2019) Median: $585,000 (2020) | $666,500 (2019) Maximum: $899,900* (2020) | $2,950,000** (2019) *Max sale for 2020: $899,900 on Rebecca Lake sold for full list after 12 days on market ** Max sale for 2020: $2,950,000 on Peninsula Lake sold for 99% of list price RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to January…
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)…
December Market Spotlight: Huntsville & Lake of Bays
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. WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to December 2018: Increase of 24% in Ave. Sale $ Slightly more NEW Listings More sales More average days on market (*Note* this is a reflection of 2 properties listed for over 250 days) 3% increase in list to sale price Minimum: $400,000 (2019) | $270,000 (2018) Median: $637,505 (2019) | $ 662,5000 (2018) Maximum: $1,850,000* (2019) | $ 1,000,000 (2018) *(Max sale of $1,850,000 was…
November Market Spotlight: Huntsville & Lake of Bays
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. WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to November 2018: Increase of 23% in Ave. Sale $ Slightly fewer NEW Listings Fewer sales More average days on market 2% decrease in list to sale price Minimum: $450,000 (2019) | $279,000 (2018) Median: $825,000 (2019) | $437,750 (2018) Maximum: $1,270,000* (2019) | $2,500,000 (2018) ( $1,270,000*) was on Lake Vernon. RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to November 2018: Decrease of .7%…
October Market Spotlight: Huntsville & Lake of Bays
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. WATERFRONT REAL ESTATE SALES ACTIVITY: Compared to October 2018: Increase in sales Decrease of 8% in Ave. Sale $ Fewer days on market 3% increase in list to sale price Minimum: $290,000 (2019) | $325,500 (2018) Maximum: $2,400,000 (2019) | $2,700,000 (2018) Median: $715,000 (2019) | $622,250 (2018) RESIDENTIAL REAL ESTATE SALES ACTIVITY OFF-WATER: Compared to October 2018: Slightly more in sales Decrease of 4% in Ave. Sale $ Slight decrease in…
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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