2019-Q2 Muskoka Real Estate Cottage Market



July 17, 2019

If you are looking to sell or buy a Muskoka property, here’s a good starting point. Below is a 2019 Q2 market update for Muskoka cottage market.

 

Overall the Muskoka Cottage Real Estate Market is on par with last year. Even lower inventory levels in 2019 contribute to the rising average price as there’s still strong demand. Days on Market are down to 65 on aveage and Sale to List Price Ratios of 97% is a slight improvement YOY.

 

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

Unit Sales by Month

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka cottage sales by month

Year to Date Unit Sales 2019 vs. 2018

2018 (January – June) – 252 Sales

2019 (January – June) – 207 Sales

Change  -17.9%

 

 

 

Year to Date Unit Sales 2019 vs. 2017

2017 (January – June) – 372 Sales

2019 (January – June) – 207 Sales

Change  -44.4%

Unit Sales vs Days On Market

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka Cottage Sales VS Days on Market

Waiting until May/June to sell can be beneficial. Fewer days on market typically translates to a closer sale to list price.

Average/Median Sale Price

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka Cottage Average Sale Price

 

2019 YTD Average Sale Price (January – June)

$1,038,236

 

2019 YTD Median Sale Price (January – June)

$707,000

Sold Price to List/Original Price

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka Cottage Sale Price

Year to Date 2019 (January – June)

 

Sold to List Price

97.3%

 

Sold to Original List Price

97%

Average Days on Market

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka Cottage Average Days on Market

Year to Date 2019 (January – June)

 

Average Days on Market

65

Number of New Listings 

Cottages (All Muskoka)

Excludes residential, vacant land, condo and commercial properties

Muskoka Cottage New Listings

 

 

New Listings Year to Date – 2019 vs. 2018

2018 (January – June) – 639 New Listings

2019 (January – June) – 601 New Listings

Change  -5.9%

 

Less than half the number of new listings in 2019 vs. 2015

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.