The February market update indicates sales and inventory metrics of both on and off-water properties during the current period fell below the typical benchmark. Although waterfront listing levels exhibited some growth, off-water residential listings remained unusually low. An analysis across the Lakelands Board, comprising Lakelands West, Lakelands Central, and Lakelands…
As we delve into the Muskoka real estate market in January 2023, it becomes apparent that both off-water residential properties and waterfront properties are exhibiting a decline in sales with an increase in the number of listings available. This trend continues from the last quarter of 2022. While it is…
Increases in interest rates took a toll on waterfront and non-waterfront sales activity throughout the Lakelands Association Real Estate Board in December. Non-waterfront sales posted 38% lower than in December 2021. Waterfront sales activity in December dropped to its lowest level since 2008, posting a drop of 51% from December…
Waterfront and non-waterfront unit sales saw an overall decrease from November 2021. Buyers are adjusting to the new reality of higher interest rates as sellers adjust their pricing expectations. There is a good supply of inventory, considering the time of the year, with the market slightly in favour of buyers…
An overview for the North Muskoka real estate market shows home sales down and listings up from October of the previous year. The October 2022 market was balanced, favouring neither buyer or seller.
The number of sales for both waterfront and non-waterfront decreased and remain well below average levels for this time of the year. The latest interest rate increases and the concern of future rate hikes are a concern to buyers. The increase in the number of listings is welcome news to…
August saw slow sales across the region when compared with the previous year. Overall active listings were up while sales activity was down.
July sales slowed over the previous year as active listings increased and days on market increased. Multiple bids on properties are in the past.
The market in June shows listings are up and sales are down. The low number of sales are not reflecting price drops, simply more inventory and a slower market. Updates 4
Sale prices of both waterfront and non-waterfront remain at record levels. February inventory levels are at record lows with continuing strong demand from buyers. Overall sales activity throughout the region recorded the second-best February on record.
A lack of available waterfront properties continues to have a large impact on the Muskoka and North Muskoka real estate markets. Buyer demand is robust but without an increase in available listings, the current Seller’s market will continue with prices expected to rise again in 2022.
Muskoka’s real estate market continues to be hot as 2021 draws to a close. December stats show Muskoka ended the year with a median price increase of 27% year over year for waterfront properties and a 42% increase year over year for residential non-waterfront properties. The strong Seller’s market doesn’t…