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!
If you would like more information, reach out anytime.
John Aben (705) 788.4770
Mark Aben (705) 788.4388