2020-Q1 Muskoka Cottage Real Estate Market
The Muskoka real estate market has certainly slowed down since March 17th. As an essential service, there’s still minimal activity, but under the direction of the Ontario Real Estate Association (OREA) we are to cease face-to-face showings and open houses. We are working hard to come up with a new and innovative approaches to selling real estate in Muskoka, stay tuned.
The first quarter statistics of 2020 are not meaningful as the amount of data is minimal and the start of the cottage buying season doesn’t typically pick-up till May and June. This data will start to paint a picture as I continue to bring the latest statistics monthly.
The Muskoka cottage market is very similar between 2019 and 2020 for the reasons mentioned above. I believe that the number of new listings and number of sales in next couple months will be substantially lower than in previous years. I remain optimistic that the market will rebound in late summer/fall. There will be pent up demand and possibly more of a desire than ever to get out of the city.
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
