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Huntsville

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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Over the top

April 26, 2013 in Bracebridge, Huntsville, Lakes

Upstream the waters have peaked in Huntsville. Around the Big 3, they’re still rising. Homes along the Muskoka River are feeling it – some have water flowing over foundations into basements, others have the effects of rising water tables seeping through their walls. Some roads are under water. This picture of Bracebridge dam shows water flowing over the catwalk that graces the top of the dam.

Bracebridge Dam

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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