2019-Q2 Muskoka Big Lakes Real Estate Market

If you are looking to sell or buy a Muskoka property on one of Muskoka’s major lakes, here’s a good starting point. Below is a 2019 Q2 market update for Muskoka big lake real estate.

Unit sales down 13.7 YTD (January-June 2019). The number of new listings down almost 6%, a couple big ticket sales on Lake Rosseau, one at over $9,000,000 and another over $10,000,000 and the demand for a Muskoka cottage is causing the average sale price to increase.

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Unit Sales by Month

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka, Lake of Bays, Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

Year to Date Unit Sales 2019 vs. 2018

2018 (January – June) – 95 Sales

2019 (January – June) – 82 Sales

Change  -13.7%

Year to Date Unit Sales 2019 vs. 2017

2017 (January – June) – 146 Sales

2019 (January – June) – 82 Sales

Change  -43.8%

Unit Sales vs Days On Market

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka, Lake of Bays, Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

January to March showed very few sales so not a good sampling for days on market.

More sales in May and June with fewer days on market in June

Average/Median Sale Price

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka, Lake of Bays, Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

2018 vs. 2019 YTD Average Sale Price (January – June)

2018 – $1,608,973

2019 – $1,644,131

Change +2.2%

2018 vs. 2019 YTD Median Sale Price (January – June)

2018 – $1,184,675

2019 – $1,135,000

Change -4.2%

Unit Sales by Price Range

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka, Lake of Bays, Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

Average Sale Price By Lake

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka

(Excludes residential, vacant land, condo and commercial properties)

Average Sale Price 2019 YTD (January – June)

Lake Rosseau

(14 Sales)

$3,172,000***

Lake Joseph 

(9 Sales)

$2,716,000*

Lake Muskoka

(26 Sales)

$1,415,692

*Possibly too few to chart meaningfully

**Two sales in excess of $9,000,000, driving up average sale price

Average Sale Price By Lake

Cottages (Big Lakes)

Lakes: Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

Average Sale Price 2019 YTD (January – June)

Lake of Bays

(24 Sales)

$1,136,448

Huntsville Lakes 

(12 Sales)

$1,111,633

Skeleton Lake

No Recorded Sales*

*Possibly too few to chart meaningfully

New Listings YOY

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka, Lake of Bays, Fairy, Mary, Vernon, Peninsula, Skeleton

(Excludes residential, vacant land, condo and commercial properties)

New Listings Year to Date – 2019 vs. 2018

2018 (January – June) – 283 New Listings

2019 (January – June) – 284 New Listings

Change  +0.4%

Download the complete market update in PDF format.

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