2019 Muskoka Cottage Real Estate Market
Muskoka cottage market continues to be a sound investment. Since 2010 the average price has increased over 79.9%. Market appears to be balanced with equal supply to demand. In 2019 we had an increase in cottages on the market, that’s the first increase since 2015. Despite fewer sales in 2019 the average sale price has gone up 11.88%, now over $1MM for the first time. There were four sales in the Muskoka Lakes area in 2019 over $8MM, were big factors in driving up that average price. Days on market remain fairly consistent over the past three years, now it takes approximately 69 days on average to sell a cottage.
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