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Muskoka Parry Sound Real Estate Market Fall 2013

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Blog by John & Bonnie Fincham, Brokers | September 19th, 2013

    The Real Estate Market in Muskoka Parry Sound for the fall of 2013 is shaping up to be an interesting one. After a generally lack luster start for much of the area which I attribute mainly to the poor Spring weather, there appears to be a reasonably strong end of the year shaping up. If we look at a year over year comparison on the Parry Sound Real Estate Board, there were a total of 154 waterfront cottages, homes and land sold from July 1st to mid September 2013 in Muskoka and Parry Sound compared to 143 in 2012. This represents an 8% increase over last year which is substantial.  Perhaps more telling is the increase in web traffic we are finding this fall with an almost 40% increase in search traffic on our site for the same time period with “cottages for sale” being the most searched.  Residential real estate continues to be a bit soft and I would consider it slightly a Buyers Market, while the Cottage market is appears reasonably balanced with quality waterfront Real Estate priced at a fair market value selling well. There is approximately 14 1/2 months of inventory on hand at this time on the Parry Sound Board. For the the Magnetawan area, including Ahmic lake, Lake Cecebe, Horn Lake, Ahmic Harbour and Neighick Lake, the total number of properties for sale on the Muskoka Board is currently 85 with 29 being sold year to date. This is an increase of about 11% over 2012 and I am quite optimistic that the trend will continue. The median cottage price rose 8% on the Muskoka Board at the end of August to $379,000.

All Current Cottages for Sale by Area - Muskoka Board

Almaguin , including Magnetawan, Burk’s falls, Sundridge and South River – 167

Bracebridge – 49

Gravenhurst – 78

Huntsville – 56

Lake of Bays – 108

Muskoka lakes – 250+

All Current Homes for Sale by Area – Muskoka Board

Almaguin, including Magnetawan, Burk’s falls, Sundridge and South River – 250+

Bracebridge – 153

Gravenhurst – 129

Huntsville – 250+

Lake of Bays – 52

Muskoka Lakes – 136

All Current Homes and Cottages for Sale by Area- Parry Sound Board

There are a total of 194 waterfront cottages currently for sale on the Parry Sound Real Estate Board for the Parry Sound region and 177 rural homes for sale with 64 within the town itself.

John, Bonnie and Eva Fincham have a family run Real Estate office in Magnetawan On.