February 2021 Muskoka Residential Real Estate Market Update
Welcome, thank you for checking out the Muskoka residential real estate market update for February 2021.
Through the new year the Simcoe – Muskoka area has been under lockdown measures for the majority of January & February, opening to normal for week before shutting down again. Whether or not this has impacted the market activity is hard to say. With demand at an all time high and as the spring approaches more listings are beginning to appear on the market. Looking back into statistical activity graphs from March 2020 when the original lockdown began, you can certainly notice a unit sales and number of new listing drop off in the charts as fear stopped the market from acting as usual. This year will be interesting to see how the demand and supply reacts into the spring of 2021. In this post we will analyze February’s trends in Residential market in Muskoka. 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. The past year has seen an unprecedented seller’s market develop. Looking at the start of 2020 verses the end of 2020, new listings in residential real estate were down 13.9% year over year. With waterfront cottages, new listings were down 10.4% year over year while demand and sales were hitting record highs. The trend of falling new listings look to be continuing through the month of January and now February. The spring will be an interesting time to see if the supply chain can satisfy the demand in the area and how these factors will affect the market and the values for properties in the area.
The Harvey Kalles Real Estate Ltd., Brokerage brand has sold, company-wide, over 2.9 Billion in real estate for 2020 and provided our clients on average a 101.5% sale to list price ratio.
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 your unique situation. For the most up to date information on the area feel free to reach out anytime.
WOULD YOU WANT TO MISS OUT ON THIS UNPRECEDENTED TIME TO SELL MUSKOKA REAL ESTATE?
FOR A FREE PROPERTY EVALUATION FIND OUT HOW WE DO IT !
If considering selling or buying Muskoka Real Estate, 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.
Email: info@abenteam.com
