2018 Q3 Muskoka Real Estate BIG Lakes Market Update



October 4, 2018

Muskoka Lakes Market Update

Below is how the big lakes in Muskoka are fairing YTD. Unit sales down, but average price still holding. Lake Rosseau, Lake Joseph and Lake of Bays have had a somewhat comparable year-over-year. While Lake Muskoka and the Huntsville Lakes had the most significant reduction in unit sales with 36.7% and 43.9% fewer sales respectively.

Sales Volume YTD

Lake Joseph
2017 – 91,048,000
2018 – 75,027,125
% Chg – Dn 17.6%

 

Lake Rosseau
2017 – 72,592,500
2018 – 53,202,000
% Chg – Dn 26.7%

 

Lake Muskoka
2017 – 198,678,950
2018 – 124,026,850
% Chg – Dn 37.6%

 

Lake of Bays
2017 – 47,275,413
2018 – 58,155,400
% Chg – Up 23%

 

Huntsville Lakes
2017 – 34,273,500
2018 – 26,938,000
% Chg – Dn 21.4%

Number of New Listings YTD

Lake Joseph
2017 – 67
2018 – 56
% Chg – Dn 16.4%

 

Lake Rosseau
2017 – 59
2018 – 50
% Chg – Dn 15.3%

 

Lake Muskoka
2017 – 198
2018 – 142
% Chg – Dn 28.3%

 

Lake of Bays
2017 – 112
2018 – 116
% Chg – Up 3.6%

 

Huntsville Lakes
2017 – 76
2018 – 56
% Chg – Dn 26.3%

Number of Cottages Sold YTD

Lake Joseph
2017 – 31
2018 – 27
% Chg – Dn 12.9%

 

Lake Rosseau
2017 – 29
2018 – 27
% Chg – Dn 6.9%

 

Lake Muskoka
2017 – 120
2018 – 76
% Chg – Dn 36.7%

 

Lake of Bays
2017 – 46
2018 – 49
% Chg – Up 6.5%

 

Huntsville Lakes
2017 – 41
2018 – 23
% Chg – Dn 43.9%

Average Sale Price

Year to date (January – September)

muskoka lakes average price

Average Sale Price Lakes Combined

Year to date (January – September)

Muskoka average sale price big lakes

2017 – $1,501,757
2018 – $1,493,702

Unit Sales by Price Range

Comparing Number of Sales by Price Range –  YTD, YOY

Entry level to these lakes are getting higher and higher, 57% of sales in 2015 under $1,000,000, compared to 36% in 2018.

2015

57% of sales under $1,000,000

72% of sales under $1,500,000

2016

51% of sales under $1,000,000

68% of sales under $1,500,000

2017

46% of sales under $1,000,000

64% of sales under $1,500,000

2018

36% of sales under $1,000,000

58% of sales under $1,500,000

Data collected from The Lakeland Association of Realtor. While every effort has been made to ensure the accuracy of information contained in these calculations, Harvey Kalles Real Estate Ltd., and its representatives provide no representation, or warranty, regarding the accuracy, completeness or correctness of information provided.