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October showed a 33% increase in number of sales over the same month last year, although this can be contributed to the market crash in September last year where number of sales fell34%. Month to month we continue to show stability in the market. Bracebridge and Almaguin Highlands are the only two areas that are still showing fewer ytd sales for October 2009 vs the same period in 2008.
The market is now stable with average residential home prices remaining relatively steady month to month. August – $233,445, September – $240,937, October – $238,169 these prices are consistant with the same period in 2008 and slightly higher than 2007. We are certainly not realizing the leeps and bounds of the Toronto market where average sale prices were up by22.1 per cent from the same month last year to $373,095. Usually the Muskoka area market lags behind the Toronto market, therefore I'm anticipating an increase in value for spring of 2010.