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Muskoka Parry Sound Real Estate Market Report May 2013

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Blog by John & Bonnie Fincham, Brokers | June 13th, 2013

muskoka mapleThe Parry Sound Real Estate Board released their May Statistics for home, cottage and vacant land sales for all areas they service including Magnetawan, Burks Falls, Sundridge, Dunchurch and Whitestone.

Number of Listings Down

There were a total of 242 real estate listings on the Parry Sound Board in May which is down 10% from the year before. The total number of properties for sale year to date was 1017. We had one of the wettest Springs on record which had a negative effect on new property listings of Muskoka Parry Sound Real Estate

Real Estate Sales Activity

Sales were down 11% to 55 from 62 for May and down for the year for a total of 181. If we look at the total dollar value of all Cottage and home sales including vacant lots and waterfront lots and acreages, the number is $13,554,764 for May. This represents a decline of 27% from the same month last year. The total value of all real estate transactions for the year is $42,840,239 at the end of May which is down 24% from 2012. The total number of active listings on the MLS System from the Parry Sound Real Estate Board was 1167. 

Local Market Activity

We continue to see very strong demand in the Magnetawan Area for quality waterfront properties both with Cottages and Vacant Waterfront; 4 season home demand is softer while the enquiries for good farmland is excellent. Ahmic Lake, Lake Cecebe and Neighick with their surrounding smaller lakes continue to be a large draw for folks looking to purchase waterfront.

Another measure we like to use to gauge the Muskoka Parry Sound real estate market is our website statistics. The number of people looking for properties on our website everyday has more than doubled over last year which is a very good leading indicator in our opinion. Not surprisingly Cottages for sale are where they spend most of their time but homes and vacant land for sale have also seen substantial increases. Traditionally property sales slow down for a while when school gets out so it will be interesting to see if 2013 will follow that trend. We will run the numbers for the Muskoka Real Estate Board shortly and see if they are consistant with Parry Sound. The Magnetawan region is in an overlap area for both boards so we need to look at both sets of data to get an accurate picture of the overall market.

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