Muskoka Residential Real Estate Market
*This analysis looks at residential non-waterfront data from January 1st 2020 to January 1st 2021 percentages are reflected over this time span*
Thank you for checking out the year in review in the Muskoka residential market! It was a record breaking year in the Muskoka real estate market. Decreased inventory of 13.9% for residential homes in Muskoka accelerated the market into the strongest sellers market in over 10 years. Average price for a home in Muskoka not on the water, has jumped from just over $400k in 2019, to $499,260, which is an increase of 18.9% YOY. Huntsville, Bracebridge and Gravenhurst individually have had their average sale prices increase 26.5%, 17.5%, & 22.3% respectively since the beginning of 2020. The majority of the residential sales were in Huntsville with 49% market share, Bracebridge and Gravenhurst both at 26% market share. Average days to sell in 2020 has dropped 17.8% from 45 days to 37 days and the homes are on average selling at 99.8% of the listing price in 2020! If you are thinking of selling a residential home, reach out to have your home listed, professionally staged, professionally photographed and SOLD!
Would you want to miss out on this unprecedented time to sell Muskoka Real Estate?
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If considering selling or buying Muskoka Real Estate, reach out anytime.
John Aben, Broker — firstname.lastname@example.org or call 705-788-4770.
Mark Aben, Broker — email@example.com or call 705-788-4388.