November Market Spotlight
NOVEMBER 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.
Average sale prices for the month of November were up 29-35% across Muskoka for both waterfront and off-water detached single family dwellings.
Average sale prices for off-water dwellings were sitting above $500,000 with waterfront sitting above $1,000,000.
The highest recorded sale for November in North Muskoka was $3,000,000 on Mary Lake; while the highest recorded sale in South Muskoka was $3,999,000 on Lake Joe.
Increasing average sale prices coincide with fewer days on market (DOM) and higher sale to list price ratios indicating homes/cottages are selling for either very close to asking, for asking or well over in some cases.
The market remains in the favour of Sellers, however, in the same breath, not everything is selling. Despite record demand if a Buyer feels a property is overpriced…it will likely sit.
How long will this last is the question?
Well…projections are the demand will continue and unless we see an increase in supply, prices are not going anywhere, especially with interest rates in some cases below 1.8%.
Any questions about the market specific to your area, please don’t hesitate to reach out.
When the time came that I was finally okay with selling my home having Kim as the realtor to sell it wasn’t even a question. Kim made the process so easy. Being a brand new Mom at the time and having to work around showings, she knew exactly how much…
Thank you Kim O'Grady for helping us close our first cottage. It was perfect for our young family. She knows her stuff, responds quickly and she is always there for you. If you're looking for a cottage or home in the Huntsville, Muskoka area, I will contact her for sure!
We wanted to take a moment to recognize Kim O'Grady for her skill, affability and sensitivity to our needs in two recent real estate transactions in #Muskoka. First, in helping us find a new home that reflects our needs and personalities, and then in the negotiation and sale of Carrie's…
“We first met Kim when we went to view a cottage she was listing. She was so warm and kind and extremely knowledgeable about the area, having grown up there, that we decided to ask her to represent us as our agent in our search for the perfect cottage. We…
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…
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