Muskoka Cottage Unit Sales by Month

2020 November Sales – UP 62.5%  YOY

November 2019 – 32 sales

November 2020 – 52 sales

2020 Jan to November – UP 44.1% YTD

January-November 2019 – 614 sales

January-November 2020 – 885 sales

November had 62.5% more sales YOY over November 2019. Comparing January 31st to November 30th 2019 vs 2020, the number of sales are up 44.2% in 2020. The market is staying more active as we come to the end of Q4 as you are still seeing high demand for cottages. Sales in November significantly lower since the summer rush slowing by about 60% since August and September. November notched another 52 sales throughout the month on the waterfront. As the demand still remains high, the market is slowing down as the holiday season comes closer providing potential opportunities on some properties that are listed into the coming winter months. The desire for a waterfront cottage in Muskoka has never been higher.  Properly staged and listed properties are generating a lot of interest. Even as we are into mid December the market is seeing listings generate multiple offer situations consistently

The Days to Sell graph illustrates a 10 year timeline of amount of time it takes on average for a property to sell. Decreasing by approximately 50% since the early 2010s the average days to sell has decreased 25% since the end of last year going from average of 68 days to sell down to 51 days.

Muskoka Cottage Average and Median Sale Price

Average Sale Price – $1,321,010

Median Sale Price – $850,000

 The high demand for a cottage in Muskoka. With 9.8% fewer listings Jan 1st – Nov 30th year over year is driving up the average sale price for a waterfront property in Muskoka 22% YTD.

Data based on the following critera: All Muskoka (Excludes residential, vacant land, condo and commercial properties)
*Excludes lakes in Seguin Twsp. (District of Parry Sound)

Muskoka Cottage New Listings by Month

2020 November New Listings

November 2019 – 30 Listings
November 2020 – 30 Listings

2020 Jan to November New Listings – Down 9.8% YTD

January-November 2019 – 1191 Listings
January-November 2020 – 1074 Listings

With new listings down 9.8% YOY the market in Muskoka has had a very positive year coming into the slower season now that we are coming to the end of Q4. Average sale price up 22% YTD and Unit Sales up 44.1% YTD on the waterfront market in Muskoka. 

This indicates that it’s a great time to get your Muskoka cottage listed while supply is low. The demand from buyers wanting to get out of the city could help sell your cottage for fantastic value.

If you would like more information, 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 Source: The Lakelands Association of Realtors