2020 July Update – Muskoka Residential Real Estate Market

August 13, 2020

2020 July Update – Muskoka Residential Real Estate Market

January and February 2020 were strong months in Muskoka real estate with increasing inventory, sales and average price. 2020 was shaping into a good market for buyer’s and seller’s with good inventory levels and sales. In April and May, sales slowed significantly during the pandemic lockdown. When restrictions began to be lifted some pent up demand was created and sales shot up 41% YOY for June. Sales were 75.6% higher compared to the previous month of May. With higher demand through the summer and lower inventory overall. The average sale price in 2020 year to date in July increased to $461,509 YTD ending July 31st 2020, which is 16.7% higher than the average sale price in 2019. Now in the month of August all the July statistics are in. Sales are up 30.1% YOY since 2019! Year to date in 2020, total sales have rebounded after COVID-19 lockdowns. Sales are only down 1% when comparing January 1st to July 31st 2019, to the same time frame in 2020

The ratio of new listings to units sold still trending higher in 2020.

2019: 386 (sold) ÷ 602 (new listings) = 64%

2020: 382 (sold) ÷ 496 (new listings) = 77%

(Year over Year from January 1st to July 31st 2019 vs 2020)

Percentages over 55% are considered a seller market. 

Since the June update, the statistics indicate we are reaching further into a sellers market as the ratio of sold to new listings last month was 64% or 13% deeper into the sellers market territory as of this month

If you would like more information, don’t hesitate to reach out anytime.

John Aben, Broker — john@abenteam.com or call 705-788-4770.
Mark Aben, Broker — mark@abenteam.com or call 705-788-4388.

Data based on the following: Bracebridge, Gravenhurst, Huntsville (Excludes waterfront, vacant land, condo and commercial properties)

Muskoka Residential Unit Sales by Month


2020 July Unit Sales Up 30.1% YOY

July 2019 – 83 sales
July 2020 – 108 sales

2020 January to July Down 1% YOY

Jan-July 2019 – 386 sales
Jan-July 2020 – 382 sales

Unit sales were trending up for 2020 with 14.5% more sales in Jan/Feb YOY.

A couple slower months in April and May, then rebounding in June with 41% more sales compared to June 2019.  In July, unit sales soared again 30.1% compared to July 2019. Overall market unit sales YTD is only down 1% or 4 sales compared to the same period in 2019!

2020 July Muskoka residential unit sales

Muskoka Residential Average and Median Sale Price


2020 Average Sale Price – $461,509

2020 Median Sale Price – $418,700

2019 vs. 2020 Jan-July
Percentage Increase in Average Sale Price
$395,512 to $461,509

Up 16.7%

Percentage Increase in Median Price
$379,900 to $418,700

Up 10.2%

High demand for a home in Muskoka is driving up the price in the main towns. The average price for a home in Muskoka for the month of July is now $506,678 or YTD at $461,509.

2020 July Muskoka residential average sale price

Muskoka Residential New Listings by Month


2020 July New Listings – Down 27.3% YOY
July 2019 – 128 Listings
July 2020 – 93 Listings

66% fewer new listings in April 2020 . While restrictions were lifting we experienced an increase of 9.2% of new listings in June 2020 compared to June of 2019. Now with the July statistics we see evidence of a strong sellers market with 27.3% fewer new listings with an increased amount of unit sales, as analyzed in the graphs above.

The number of new listings YTD down are down 17.6%.

2020 July Muskoka residential average sale price
Data Source: The Lakelands Association of Realtors