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Muskoka Market Update – October 2023

Posted on Oct 02, 2023 in Market Reports

October saw a strange split in trends. While the sales of non-waterfront residential properties are steadily declining, there’s a contrasting increase in the sales of waterfront homes. This period has also seen a remarkable rise in new listings, which has caused overall property inventories to slightly exceed the usual averages. This is particularl...

Muskoka Market Update August 2023

Posted on Aug 01, 2023 in Market Reports

In August, in the Lakelands Board, we saw an uptick in sales for non-waterfront homes, while the waterfront market remained fairly stable. However, it’s worth noting that the activity in both categories is still not up to the levels we’ve typically seen at this time of year. Interestingly, we hit a new record for property listings in August, both f...

Muskoka Market Update June 2023

Posted on Jun 01, 2023 in Market Reports

The president of the Lakelands Association of REALTORS®, believes that the real estate landscape is steadily improving, with a resurgence in inventory and a boost in seller optimism. Despite this positive shift, the market has yet to replicate the vigorous performance seen in the previous two years. It could be a while before we return to such peak...

Muskoka Market Update May 2023

Posted on May 01, 2023 in Market Reports

May 2023 data illustrates a downward shift in the volume of residential non-waterfront sales in the Lakelands region, amounting to 508 units, a decrease of 33.9% from the same period in the preceding year. In a parallel trend, waterfront properties saw a decrease in transactions, with 150 units changing hands in May 2022, showcasing a 44.9% drop co...

North Muskoka Market Update February 2023

Posted on Feb 01, 2023 in Market Reports

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...

North Muskoka Market Update December 2022

Posted on Dec 01, 2022 in Market Reports

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 2021 sales activity...

North Muskoka Market Update November 2022

Posted on Nov 01, 2022 in Market Reports

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 at this time.

North Muskoka Market Update October 2022

Posted on Oct 01, 2022 in Market Reports

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.

North Muskoka Market Update September 2022

Posted on Sep 01, 2022 in Market Reports

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 buyers providing a wider selection. Although the number of sal...

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