August 2021 Update – Muskoka Waterfront Real Estate Market



September 21, 2021

August 2021 Muskoka Waterfront Real Estate Market Update

 

Welcome, thank you for checking out the Muskoka waterfront real estate market update for August 2021.

After August we’ve seen the real estate market on Muskoka waterfront taking an upward jump in average sale prices now into the fall. Looking at the ratio between number of new listings vs number of sales, the ratio is up to 70% up from 68% last month, showing a slight increase month to month(~2%) in the severity of the sellers market. Below are graphs comparing market activity in the Muskoka waterfront market, we compare Year over Year changes and Year to Date changes.

 

The Aben Team and all members are strongly committed to providing the safest environment and following all protocols to protect and respect our clients, and the clients of other realtors buying and selling real estate in Muskoka during these uncertain times.

 

If it is time to list your property, trust The Aben Team to have your home professionally staged, professionally photographed, listed, and sold. Looking at Days on market averages from the previous year, The Aben Team’s listings have sold on average 52% quicker than average.

 

If you are in the market for purchasing/investing in the Muskoka area in the future we would be happy to connect and have a conversation about the market and your unique situation. For the most up to date information on the area feel free to reach out anytime.

 

 

As you think of buying or selling Muskoka Real Estate, the Aben Team is here to make it easy.

 

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

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

 

 

Email: info@abenteam.com

 

Data based on the following: Bracebridge, Gravenhurst, Huntsville (Excludes waterfront, vacant land, condo and commercial properties)
Muskoka Waterfront Sold to Listed Ratio August 2021, 72.6%

Muskoka Waterfront Unit Sales by Month

muskoka-residential-real-estate-unit-sales-30%

2021 August Unit Sales Down 26.5% YOY

 

August 2020 – 128 sales

August 2021 – 94 sales

 

Unit sales down through August Year over Year but overall YTD sales on the waterfront up 3%. The demand continues to be at high levels for your Muskoka waterfront property. Well staged and well priced listings are drawing significant interest from buyers looking in the area. If you are thinking of listing your home now is still a great time. If you would like more information and an opinion of value on your Muskoka property feel free to reach out anytime.

Muskoka Waterfront Units Sold August 2021, Up 3% YTD

Muskoka Waterfront New Listings by Month

muskoka-residential-real-estate-unit-sales-30%

2021 August New Listings – Down 12.5% YOY

 

August 2020 – 112 Listings
August 2021 – 98 Listings

 

The market is tilted toward sellers having the advantage still in the Muskoka waterfront real estate market with the number of new listings to number of sales ratio of 73%. As the fall begins there is a spur of listings coming onto the market. Prices have kept increasing thorugh last month.  Expect prices to continue as the inflation will likely guide prices higher until it has saturated the market deeper into the fall.

For personalized insights please feel free to reach out about your unique situation.

Muskoka Waterfront New Listings August 2021, Down 1.3% YTD
Muskoka Waterfront New Listings August 2021

Muskoka Waterfront Average and Median Sale Price

muskoka-residential-price-increase

2020 Year End versus End of August 2021

Waterfront – UP 25.3%

 

2021 YTD Average Sale Price – $1,689,451

2021 YTD Median Sale Price – $1,145,000

 

As listings are becoming more available and demand remains high, average sale price should continue to rise through to the end of 2021.

It has been common to see Muskoka waterfront listings to sell between from 5% – 30+% over ask price. Time will tell if the market can supply enough properties to meet demand. What will unfold in the market as the winter and flu season come as we enter into the fall months. If not enough supply can be made available, be sure to continue to watch average sale prices rise as the law of supply and demand dictate the direction of values in the Muskoka waterfront market will be trending to record highs.

 

 

Increase in Average Sale Price – UP 25.3%

Dec 31st 2020 VS 2021 YTD

$1,348,372 to $1,689,451

 

Percentage Increase in Median Price → UP 35%

Dec 31st 2020 vs 2021 YTD
$850,000 to $1,145,000

Muskoka Waterfront Average Median Sale Price August 2021, Up 25.3% YTD
Muskoka Waterfront Average Median Sale Price August 2021

Thank you for reading, we hope this information has been useful to your unique situation.

For a more in depth review of the past year check out our Year in Review statistical posts, by clicking here

 

 

 

If you would like more information, happy to connect 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.
Criteria:
Residential =Region: Muskoka, Cities of  “Huntsville, Bracebridge, Gravenhurst”, Freehold, Waterfront : No.
Waterfront =Region: Muskoka, Freehold, Waterfront : Yes