The Muskoka Real Estate Market in February saw the number of units sold compared to prior year sales drop significantly across the board for all types of properties offered. This is not an indication of decreased buyer demand, but rather a lack of available inventory. Lower sales and increased average sale prices were seen in both residential and recreational properties across the region. Lake of Bays Lake reported no sales in February, a clear indication that the type of inventory the buyer is looking for has not yet appeared on the market.
As we head into March and springtime we are hoping to see inventory levels increase substantially.
Muskoka Market Moment
LAKE OF BAYS, MUSKOKA REALTORS®
Jay Richardson and her team of business partners are professional, competent, waterfront and luxury home real estate sales specialists. Seriously local, the Richardson Team live and work full time in beautiful Muskoka Lake of Bays.The Richardson Team’s corporate office is headquartered in Dwight, Lake of Bays. Jay and her team of waterfront sales specialists sell cottages and luxury homes in Huntsville, Bracebridge Port Carling and Lake of Bays, Muskoka.
For more information and details of real estate sales in Muskoka, Huntsville, Lake of Bays, please contact one of our team members. We are happy to help.