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Parry Sound Cottage Real Estate | Fall 2016 Review

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Blog by John & Bonnie Fincham, Brokers | September 9th, 2016

Parry Sound Real Estate

Parry Sound Cottages for Sale

The Parry Sound Real Estate Market continues to be very tight going into the fall. Inventory of cottages in the $400,000 to $ 800,000 range are in very short supply along with quality homes under $ 300,000. Demand outstripped supply for waterfront properties through most of the summer making it a clear seller market. Prices edged up slightly and the number of days on the market fell. We noticed substantial increases in our website traffic of people looking on many of the larger lakes like Little Whitefish, Big Whitefish, Ahmic, Otter Lake and Lake Joseph all of which are covered by the Parry Sound real estate board.The following is a list showing the number of cottages for sale currently, the sales volume and the highest price paid on that waterway. Total listings on the Parry Sound real estate MLS is over 250 

Big Whitefish Lake

Little Whitefish Lake

  • 6 cottages currently for sale
  • 4 waterfront properties sold so far this year
  • Highest price paid for a Little Whitefish cottage so far in 2016 - $925,000.00

Otter Lake, Seguin Township

Ahmic Lake 

  • 8 cottages for sale currently
  • 3 lakefront properties sold so far this year 
  • Highest price paid for an Ahmic cottage, Magnetawan, in 2016 so far $ 700,000.00

Lake Manitouwabing

As of July, 2016 the average price for a recreational property rose by just over 19% to $410,933.00. The average price for homes rose rose 25.5% to $344,213.00 on a year-to-date basis. At the end of July there were 9.1 months worth of invertort available which is lower then the traditional average. Active listings were down about 23% from last year.