2017 Muskoka Condo Real Estate Year In Review

January 10, 2018

If you are looking to sell or buy a Muskoka property, here’s a good starting point. Below is a breakdown of the 2017 Muskoka real estate market. If you have questions, we’re here to help.

These summaries of the Muskoka real estate market were put together with data provided by The Lakelands Association of Realtors.

Condo Market Update (Non-Waterfront)


Type of Market

#sold ÷ #listed = type of market

86% Sellers’ Market

Low supply and an aging demographic, both living and moving here is driving this market. I expect continued increases in condo price until inventory catches up with the demand.

2016 to 2017

Units Sold Down 6.2%

Inventory Down 24.8%

The supply of homes on the market exceeds demand.
The number of homes on the market is equal to the demand or number of buyers.
The number of buyer’s wanting homes exceeds the supply or number of homes on the market.

muskoka condo market

More sales in Q3 because in most cases the condo purchaser is first selling their freehold home before purchasing a condo.

When to list

I would suggest a mid/late summer listing for a non-waterfront condo.

muskoka condo market

Average Sale Price

Median Sale Price

Percentage Increase in Average Sale Price YOY
$243,450 to $272,500
Up 11.9%

Percentage Increase in Median Price YOY
$246,688 to $271,221
Up 9.9%

muskoka condo average sale price

Smart buyer’s are keeping the sellers honest as condo values are easily obtained by looking at previous sales. Other properties such as homes and cottages are unique and no two the same for the most part.

Days on Market


Average days on market is 36 days fewer year over year.
Condo sales, days on market remains fairly high.

muskoka condo average days on market