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Friday, February 23rd, 2018

Haliburton

Muskoka MarketWATCH: Cottage Country Annual Market Report

January 17, 2018 in Big 3, Cottage, Haliburton, Muskoka

TEAM, ROSSKOKA: 2018Report-MWMuskoka.jpg


Cottage Country Marketplace

The basic message? 2017 was a very strong year. For all segments of our marketplace record average prices were achieved. Most, but not every geography had record numbers of sales. All properties sold faster than in the last 3 years on average and at stronger percentages of ask.

We have chosen to take a high-level perspective of the waterfront real estate market in the primary areas we serve. The numbers we have are general and indicative of trends across a large geography. Conditions change within geography, in fact, they even change by lake if you go to the detail of understanding the effects of exposure and view on sales.

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Muskoka Marketplace – Annual Report 2013

February 7, 2014 in Big 3, Bracebridge, Cottage, Gravenhurst, Haliburton, Huntsville, Lakes, Muskoka

The Snapshot

The Muskoka marketplace in 2013 was close to 2012 performance. Dollar volume was higher across Muskoka- Haliburton by almost 4%, District of Muskoka was up by 6% and, the Big 3 lakes by 8%. The number of sales over $3 million was up as the high end of the market performed strongly. Entry level and small lake property moved well. Properties between $1 and $2 million were not as strong as in the previous year.

The number of properties sold was down from last year by 2%.

The Muskoka-Haliburton cottage market is small. For the last several years, roughly 1100 waterfront properties trade in a given year (1115 in 2013).  In the District of Muskoka, about 620 properties trade each year while the Big 3 lakes have about 180.

Even though we had a long, cold spring last year with lower sales than usual for the first half of the year, both the summer and fall were strong selling (July was 50% ahead of the year previous). In fact, the average days on market (DOM) declined from 90 to 80 days for the year. Typically island and small lake properties take longer to sell than larger lake mainland ones by 15% or more.

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Muskoka Cottage Market 2012

January 10, 2013 in Big 3, Cottage, Haliburton, Huntsville, Lakes, Muskoka

The Muskoka-Haliburton cottage market is small. Typically 1100 waterfront properties trade in a given year. It’s been that way for the last several years. Overall for the Muskoka Haliburton area, the number of properties SOLD was up 5% and the average price remained the same as 2011.

Our Real Estate Board segments the area by region. Haliburton Highlands, Township of Muskoka Lakes, Almaguin, Lake of Bays, Gravenhurst, Bracebridge and, Huntsville. In 2012, 5 of these 7 regions increased the number of waterfront properties sold over the previous year and 2 declined. Dollar volume was up in 3 areas, even in 2 and, lower in the same two: Bracebridge and Muskoka Lakes. That said, the number of properties traded on the Big 3 lakes remained identical with last year. There was a decline in business on the smaller lakes in Bracebridge and Muskoka Lakes.

Avg-Price-Chart-2011vs2012

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