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Muskoka Real Estate Market | Current Conditions June 2018

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Blog by John & Bonnie Fincham, Brokers | May 27th, 2018

The Muskoka real eatate market has cooled off rapidly in the last few weeks. The lack of inventory combined with a declining Toronto market and higher interest rates have slowed sales for both residential and recreational properties. As new listings start to enter the market they're being snapped up fast so the number of active listings remains low pushing average prices yet higher. Here are some interesting statistics for April 2018;

  • Lakelands Real Estate Board non-waterfront residential declined 37.4%
  • Lakelands Real estate Board waterfront sales declined 50.8%
  • Median price for non-waterfront residential rose by 8.1%
  • Median price for waterfront rose by 38.7&

With the low number of transactions the price increases need to be taken with a grain of salt as a few large transactions can really effect median prices. If we breck down the numbers by area;

  • Muskoka waterfront sale declined by 42.7% to 43 units.
  • Haliburton waterfront sales declined by 38.3% to 29 units.
  • Parry Sound waterfront sales declined by 70.1% to 23 units.
  • Orilla waterfront sales declined by 27.8% to 13 units.
  • All other area declined by 57.1% to 9 units.