Market Reports

June saw waterfront sales activity moderate as the buying frenzy for cottages and waterfront properties seen in the first quarter of 2021 softened. Buyer fatigue, diminishing urgency for space with the gradual reopening of the economy as vaccination numbers increase, and prices that have reached unseen levels making even those with healthy budgets pause. Although activity has levelled from the panicked frenzy seen earlier in the year, inventory levels remain low and the waterfront market remains strong with prices steady. Waterfront sales were 6% above the five-year average and 15.8% above the 10-year average for the month of June.

May 2021 Market Update

Sales of residential waterfront and non-waterfront properties posted one of the best May levels on record according to data from the Lakelands Association of Realtors with demand still outpacing supply. While more inventory is coming onto the market, inventory levels remain low. The month of May did see some moderating activity in demand and prices. According to the chair of the Canadian Real  Estate Association, “More and more there is antecedent evidence of offer fatigue and frustration among buyers and the urgency to lock down a place to ride out Covid would also be expected to fade at this point given where we are in the pandemic.’

April 2021

The Lakelands Real Estate board reported 124 non-waterfront residential sales and 129 active listings in Muskoka.