Welcome to your Muskoka Real Estate Market Update January 2024: Insights & Trends. If you're looking to navigate the market this year, here's what you need to know. For Sellers: Market Temperatures It's a chilly start to the year with residential non-waterfront sales seeing a slight dip. This trend…
As you prepare to navigate the Muskoka real estate market, whether buying a dream waterfront property or selling your cottage or home, it is important to decipher the market trends. For Buyers: The Muskoka real estate market in December 2023 for residential non-waterfront properties has seen a downturn, with sales…
The real estate market in Muskoka has seen significant shifts as of November 2023. This guide offers an insightful analysis tailored for both buyers and sellers, leveraging the latest data to navigate these changes effectively. For Sellers Market Trends: Non-Waterfront Properties: Sales dropped by 17.2% compared to November 2022. With…
October saw a strange split in trends. While the sales of non-waterfront residential properties are steadily declining, there's a contrasting increase in the sales of waterfront homes. This period has also seen a remarkable rise in new listings, which has caused overall property inventories to slightly exceed the usual averages.…
Real estate sales activity for non-waterfront residential properties in Muskoka remained steady when compared to the previous year. In contrast, waterfront home sales experienced a slight uptick. Demand for both types of properties is currently below the usual levels for this time of the year. We anticipate this trend to…
In August, in the Lakelands Board, we saw an uptick in sales for non-waterfront homes, while the waterfront market remained fairly stable. However, it's worth noting that the activity in both categories is still not up to the levels we've typically seen at this time of year. Interestingly, we hit…
The market appears to be moving towards a balanced market, with various metrics like sales volume and days on market showing a correction. Despite a 15% year-over-year drop in transactions, average prices are up, indicating a market that is still healthy. The president of the Lakelands Real Estate Board, Matthew…
The president of the Lakelands Association of REALTORS®, believes that the real estate landscape is steadily improving, with a resurgence in inventory and a boost in seller optimism. Despite this positive shift, the market has yet to replicate the vigorous performance seen in the previous two years. It could be…
May 2023 data illustrates a downward shift in the volume of residential non-waterfront sales in the Lakelands region, amounting to 508 units, a decrease of 33.9% from the same period in the preceding year. In a parallel trend, waterfront properties saw a decrease in transactions, with 150 units changing hands…
April’s market tightening is due to a scarcity of new listings, causing a stall in overall inventories and a subsequent decline. As a result, both waterfront and non-waterfront property prices are on the rise. Unless there's a substantial increase in supply, these trends are expected to continue and intensify. …
The February market update indicates sales and inventory metrics of both on and off-water properties during the current period fell below the typical benchmark. Although waterfront listing levels exhibited some growth, off-water residential listings remained unusually low. An analysis across the Lakelands Board, comprising Lakelands West, Lakelands Central, and Lakelands…
As we delve into the Muskoka real estate market in January 2023, it becomes apparent that both off-water residential properties and waterfront properties are exhibiting a decline in sales with an increase in the number of listings available. This trend continues from the last quarter of 2022. While it is…