2020-Q1 Muskoka Cottage Real Estate Market

April 3, 2020

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

Data based on the following: All Muskoka (Excludes residential, vacant land, condo and commercial properties)

Muskoka Cottage Unit Sales by Month


Unit sales – Up 8.6%

2020 Q1 – 38 Unit Sales

2019 Q1 – 35 Unit Sales

Not enough sales to make this meaningful. It’s still early in the year for recreational properties. April and May will tell a different story as the Ontario State of Emergency continues.

2020-Q1 Muskoka Cottage Unit Sales

Muskoka Cottage Average and Median Sale Price


Average Sale Price* – $890,879

Median Sale Price* – $799,900

Not enough data to make these numbers meaningful.

*Excludes lakes in Seguin Twsp. (District of Parry Sound)
2020-Q1 Muskoka Cottage Average Price

Muskoka Cottage New Listings by Month


2020 Jan/Feb
New Listings – up 21.3% YOY
Jan/Feb 2019 – 89 sales
Jan/Feb 2020 – 108 sales

2020 March
New Listings – down 13.2% YOY

March 2019 – 68 sales
March 2020 – 59 sales

More listings coming to market in 2020 with an increase of 21.3% in Jan/Feb. March had 13.2% fewer properties hitting the market, net result of up 6.4% YTD.

2020-Q1 Muskoka Cottage New Listings
Data Source: The Lakelands Association of Realtors