2019 Muskoka ‘Big Lakes’ Cottage Real Estate Market
The following statistics are only for the larger lakes in Muskoka and Seguin Township. These include the following: Lake Joseph, Lake Rosseau, Lake Muskoka, Skeleton Lake, Lake of Bays, Fairy Lake, Lake Vernon, Peninsula Lake and Mary Lake.
Muskoka cottage market continues to be a sound investment. Since 2010 the average price of a cottage on one of the Muskoka big lakes has increased 86.7%. Market remains balanced with equal supply to demand. In 2019 we had an increase in inventory of 4.5%, that’s the first increase since 2015. Despite fewer sales in 2019 the average sale price has gone up 10.7% to $1,844,414. There were four sales in the Muskoka Lakes area in 2019 over $8MM, these were big factors in driving up that average price YOY. Number of days on market is 71 days and the fewest days on market for 2019 were in Q3. The sale to list percentage for 2019 was 95.5% basically unchanged from the previous year.
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