February 2021 - Muskoka Waterfront Real Estate Market

March 8, 2021

February 2021 Muskoka Waterfront Real Estate Market Update

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

The past year has seen an unprecedented seller’s market develop. Looking at the start of 2020 verses the end of 2020, new listings on the waterfront were down 10.4% while demand and sales were hitting record highs. The trend of falling new listings look to be continuing through the month of January and February 2021. Below are graphs comparing market activity on Muskoka Waterfront year over year. 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 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 the market and 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

Data based on the following: Bracebridge, Gravenhurst, Huntsville (Excludes waterfront, vacant land, condo and commercial properties)

Muskoka Waterfront Unit Sales by Month

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

2021 February Unit Sales Up 271.4% YOY

February 2020 – 7 sales

February 2021 – 26 sales

Unit sales very strong in Muskoka despite the COVID-19 pandemic lockdowns and being the offseason. The demand continues to be at peak levels for your Muskoka waterfront property. Listings even at this time of year are still drawing a lot of interest from buyers looking in the area. If you are thinking of listing your home now is 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 Unit Sales February 2021

Muskoka Waterfront New Listings by Month

2021 February New Listings – Down 10.2% YOY

February 2020 – 39 Listings
February 2021 – 35 Listings

The market is significantly tilted toward sellers having the advantage with a 84% listed – sold ratio in Muskoka waterfront Year ending Dec. 31st 2020. The market is in need of new listings to satisfy the demand in the area. It will be interesting to see how the market balances the supply and demand as we move to conclude Q1 and enter into the spring time where more listings usually begin to appear on the market.

Muskoka Waterfront New Listings February 2021 - Down 10.2% YOY — Muskoka Waterfront New Listings February 2021

Muskoka Waterfront Average and Median Sale Price

2020 Year End verses End of February 2021

Waterfront – UP 20.2%

2021 YTD Average Sale Price – $1,621,626

2021 YTD Median Sale Price – $1.050,000

A steep upward trend is expected during a market such as this. As listings become more scarce and demand remains at an all time high, average sale price will continue to rise as it becomes common for Muskoka waterfront listings to sell between from 5% – 20% over the going ask price. As the spring approaches quickly, as does the beautiful weather Muskoka is known for in the summertime. The spring rush to acquire a desirable piece of Muskoka waterfront looms in the near future. Time will tell if the market can supply enough properties to meet demand. If not be sure to continue to watch average sale price rise as the law of supply and demand dictate the direction of values in the Muskoka waterfront market.

Increase in Average Sale Price 2020 – 2021

$1,348,372 to $1,621,626

Percentage Increase in Median Price. UP 23.5%

2020 – 2021
$850,000 to $1,050,000

Muskoka Waterfront Average and Median Sale Price February 2021 - Up 20.2% YoY — Muskoka Waterfront Average and Median Sale Price February 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

2020 Year in Review: Muskoka Cottage Real Estate Market

2020 Year in Review: Muskoka Residential Real Estate Market

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

Feburary 2021 Update – Muskoka Waterfront Real Estate Market