Muskoka Real Estate May 2009 Statistic

August 13, 2018

Summer is around the corner and the residential numbers are showing signs of stability but it's still quite obviously a buyers market when it comes to waterfront.

I spoke about SNL Ratios (sold to new listings percentage) in a recent blog, date May 22/09, the SNL number at the end of April was 18%, strong buyers market. I’ve decided it would be better to differenciate between waterfront and residential markets. The waterfront would be considered a luxury item where single family residential is more of a necessity. The numbers are as follows; SNL for residential is 33% and waterfront 15%, these are up from 29% and 10% respectively a month earlier. This is indicating that we are moving towards a more balanced market, see chart below. But keep in mind a more balanced market that’s 10% lower than last year. Also, the market heats up as the year evolves with buyers, now educated, making their purchasing decisions.