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.
2017
Type of Market
#sold ÷ #listed = type of market
Low supply and high demand, mostly relocation from the south, driving up prices.
2016 to 2017
BUYERS MARKET (< 35%)
The supply of homes on the market exceeds demand.
BALANCED MARKET (35%-55%)
The number of homes on the market is equal to the demand or number of buyers.
SELLERS MARKET (> 55%)
The number of buyer’s wanting homes exceeds the supply or number of homes on the market.
Stronger than usual spring market in 2017. Market has calmed since then, but still very much a sellers’ market.
The spring market is still the best time to list your property, but strong sales persist well into the fall. If you have the foresight, it’s a good idea to get the pictures and virtual tour done late summer so that you are ready with a professional presentation of your property in the spring. Stay in touch with your realtor so you get the timing right to list.
The market continues to improve with fewer reductions in listing price in order to sell a residential home. Pricing your property right the first time will net you more in the end.
2008 – 2017
After the economic collapse in October 2008 it took some time for the market to improve and for the seller’s to list their properties at a price that will sell.
Days on Market
Average days on market continues to drop year over year as supply remains low and demand for a home in Bracebridge, Gravenhurst or Huntsville increases.
Huntsville continues to be the main destination for the residential home buyer.
2017
2016 to 2017
