2019-Q2 Muskoka Real Estate Residential Market



July 15, 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 residential real estate.

 

The residential market in Muskoka continues to show an increase in average sale price year over year. Inventory levels are fairly consistent as well are the number of units sold.

 

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

Unit Sales by Month

Residential (Bracebridge, Gravenhurst, Huntsville)

Year to Date Unit Sales 2019 vs. 2018

2018 (January – June) – 314 Sales

2019 (January – June) – 306 Sales

Change  -2.5%

 

 

 

Year to Date Unit Sales 2019 vs. 2017

2017 (January – June) – 565 Sales

2019 (January – June) – 306 Sales

Change  -45.8%

Unit Sales vs Days On Market

Residential (Bracebridge, Gravenhurst, Huntsville)

Residential Sales vs Days on Market

Better to wait until Spring to sell. Fewer days on market typically translates to a closer sale to list price.

Average/Median Sale Price

Residential (Bracebridge, Gravenhurst, Huntsville)

Average Residential Sale Price

 

 

2019 YTD Average Sale Price (January – June)

$396,052

 

Sold Price to List/Original Price

Residential (Bracebridge, Gravenhurst, Huntsville)

Residential Market Huntsville, Bracebridge, Gravenhurst, Muskoka

 

 

 

The market continues to increase with fewer reductions in listing price in order to sell a residential home. Pricing your property right the first time will net you more in the end.

 

Sold to List Price

98.8%

 

Sold to Original List Price

98.6%

Average Days on Market

Residential (Bracebridge, Gravenhurst, Huntsville)

Residential Days on Market

 

 

 

Average Days on Market

44

Average Sale Price by Town

Residential (Bracebridge, Gravenhurst, Huntsville)

Average Residential Sale Price

Average Sale Price

 

Bracebridge

$407,455

Gravenhurst

$367,098

Huntsville

$402,577

New Listings YOY

Residential (Bracebridge, Gravenhurst, Huntsville)

Residential Real Estate Muskoka

 

 

 

New Listings Year to Date – 2019 vs. 2018

2018 (January – June) – 489 New Listings

2019 (January – June) – 470 New Listings

Change  -3.9%

Overall the Muskoka Residential Real Estate Market is relatively strong, with the number of buyers exceeding the number of homes on market, therefore we are still in a seller’s market. 2019 average sale price up year-over-year to $396,052. The slightly inventory levels also contribute to the rising average price, as purchasers have to choose a home from the current low inventory. Days on Market and Sale to List Price Ratios have weakened slightly, but nothing significant.

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.