2019-Q2 Muskoka Big Lakes Real Estate Market



July 16, 2019

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.

 

If you have questions, we’re here to help.

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)

Lake Rosseau, Lake Muskoka, Lake Joseph, Lake Vernon, Lake of Bays

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)

Average Muskoka Cottage Price

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)

Big Lakes Price Range Muskoka

 

 

Average Sale Price By Lake

Cottages (Big Lakes)

Lakes: Rosseau, Joseph, Muskoka

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

Average Sale Price of Cottages in Muskoka

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)

Muskoka Lakes Average Sale Price

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 Real Estate Listings on Muskoka Lakes

 

 

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.