It’s early in 2018 to predict how the muskoka cottage market will perform, but here’s a quick update for cottage properties in Muskoka. This recent turn in the weather could have a short term effect on sales. It won’t be till the end of May before we start to see how the market is developing. Be sure to come back for quarterly updates.
Sales on the big three are up 100%, with 12 sales YTD, compared to 6 sales in 2017.
5 more cottages listed in Q1 of 2018 compared to the same period in 2017.
Sales in Huntsville/Lake of Bays are down 53%, with 7 sales YTD, compared to 15 sales in 2017.
32 cottages listed in Q1 of 2018, compared to 47 in the previous year.
Cottage sales in Muskoka are down 39% YOY with 51 sales in Q1 of 2018 compared to 84 sales for the same period in 2017.
197 cottages listed in Q1 of 2018, compared to 220 in the previous year.
Keep in mind it’s early in 2018 and I believe any current shortfall for 2018 can be attributed to the unusual weather we’re currently experiencing. My sense is that the market for 2018 will be at least as strong as 2017. Mark and I have been attending listing appointments daily for cottages coming to market this spring and summer, so we’re excited for what’s in store for 2018.
Give us a call today for your free opinion of value on your Muskoka cottage!
Aben Team at Harvey Kalles Real Estate Ltd.
John Aben, broker 705-788-4770
Mark Aben, broker 705-788-4388