Data is collected from The Lakelands Real Estate Board for single-family detached residences, both on and off water: North Muskoka (Huntsville, Lake of Bays); South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst); and the Almaguin Highlands.
Waterfront Sales Activity: North Muskoka (Huntsville & Lake of Bays)
Minimum Sale Price: $169,999 | $115,000 (2018)
Median Sale Price: $715,000 | $637,500 (2018)
Maximum Sale Price: $4,700,000* | $3,900,000 (2018)
*Max Sale Price 2019 $4,700,000 was on Lake of Bays
Waterfront Sales Activity: South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst)
Minimum Sale Price: $145,000 | $96,000 (2018)
Median Sale Price: $780,000 | $775,000 (2018)
Maximum Sale Price: $13,900,000* | $6,400,000 (2018)
*Max Sale Price 2019 $13,900,000 was on Lake Joseph
Waterfront Sales Activity: Almaguin Highlands
Minimum Sale Price: $139,000 | $70,000 (2018)
Median Sale Price: $470,000 | $399,990 (2018)
Maximum Sale Price: $1,800,000* | $ 1,325,000 (2018)
*Max Sale Price 2019 $1,800,000 was on Spring Lake
Summary for Waterfront: All three market areas experienced increases in both the average sale price and median sale price. North Muskoka (Huntsville/Lake of Bays) has fewer unit sales in comparison to 2018, whereas South Muskoka experienced an increase in unit sales year over year, and the Almaguin Highlands experienced slightly fewer unit sales.
Predictions for the year ahead: As long as inventory can support Buyer demand, we should see an active 2020. While there is Buyer demand, as a discretionary purchase, pricing well on waterfront is still crucial to sales success. Some of the properties that sold in the fall, had been listed in the earlier part of the year, however, needed to adjust their price in order to facilitate a sale. There is an appetite for the “cottage lifestyle”, however most Buyers are reluctant to overpay, therefore Sellers need to be mindful of their pricing.
Off-Water Residential Sales Activity: North Muskoka (Huntsville & Lake of Bays)
Minimum Sale Price: $135,000 | $97,500 (2018)
Median Sale Price: $383,000 | $360,000 (2018)
Maximum Sale Price: $1,200,000 | $935,000 (2018)
Off-Water Sales Activity: South Muskoka (Bracebridge, Muskoka Lakes, Gravenhurst)
Minimum Sale Price: $125,000 | $95,000 (2018)
Median Sale Price: $385,000| $357,500 (2018)
Maximum Sale Price: $1,050,000| $1,099,900 (2018)
Off-Water Sales Activity: Almaguin Highlands
Minimum Sale Price: $80,000| $52,000 (2018)
Median Sale Price: $245,000 | $215,000 (2018)
Maximum Sale Price: $660,000 | $590,000 (2018)
Summary for Off-Water homes: Both the average sale price and median sale price in all three market areas experienced increases year over year. Unit sales in North Muskoka (including Huntsville/Lake of Bays) were higher compared to 2018, whereas South Muskoka and Almaguin experienced fewer unit sales year over year.
Predictions for the year ahead: New construction, particularly in Huntsville, continues to fuel activity in the residential markets. We are seeing more and more people moving to Muskoka in pursuit of a different lifestyle. Those moving to the area are usually able to take equity from their homes in the city, to put towards a home in Muskoka (off-water) where it can go a lot further. We don’t expect this “move to Muskoka” trend to slow down in 2020.
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Kim is a full time Broker with Chestnut Park Real Estate Limited Brokerage, servicing the Huntsville and the Lake of Bays area. Kim spent many of her childhood years at a cottage located on Peninsula Lake, Huntsville. After completing her Bachelors Degree at the University of Guelph, Kim decided to leave her city roots and move to Huntsville and make it her permanent home. Before she began her career in real estate, Kim co-owned and operated a successful local fitness business for eight years. After selling her part in the business she decided that it was time to pursue her other passion, Real Estate. She consequently brings an appreciation for relationships built with clients, knowledge and experience to her understanding of real estate.
When she’s not working, Kim enjoys spending time with her family, friends and her pup Harley. She also enjoys cooking, entertaining, reading, Pilates, Yoga and of course getting on the water whenever she can. In the summertime she soaks up the Muskoka lifestyle with golf, boating, dock time and bbq’s while in the winter she’s snowboarding or taking fresh winter walks.
Kim knows that her honest, open communication with her clients, as well as her knowledge of the Muskoka area and lifestyle, is the key to success for everyone involved. She effortlessly fosters trust, reliability, and professionalism. Kim accomplishes what you expect, and more so, what you deserve.
You can follow Kim on Facebook and Instagram. Click on her website here.
Kim can be reached by email at [email protected] or by phone at 705-788-4894