Lakelands waterfront sales remain subdued in November

The Lakelands Association of REALTORS^®

Sales of waterfront properties numbered 95 units in November 2018. This was a decrease of 18.8% from November 2017.

On a year-to-date basis, waterfront sales totalled 1,663 units over the first 11 months of the year. This was down 21.7% from the same period in 2017.

“Non-waterfront sales shot up in November, posting the second-best level on record for that month,” said Wendy Webb, President of The Lakelands Association of REALTORS®. “However, the gains on the non-waterfront side were offset by waterfront sales which remain subdued compared to recent years. That said, with the market still very tight by historical standards right across the region, median prices for both waterfront and non-waterfront sales are on track to be up by more than 10% in 2018.”

The median price for waterfront property sales in November 2018 was $420,000, down 4.5% from November 2017. On a year-to-date basis the median price was $520,000, up 11.8% from 2017.

The total dollar value of all waterfront sales in November 2018 was $48.9 million, falling 39.6% from the record for November from 2017.

The area served by 800 REALTORS^® who belong to The Lakelands Association of REALTORS^® serving Parry Sound, Muskoka, Haliburton and Orillia, is located less than a two-hour drive north of Toronto, in the heart of Canada’s Cottage Country. There are several major geographical areas within the Association’s boundaries, including the City of Orillia, the Parry Sound area, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Lake of Bays and Haliburton. Each of these areas has a unique blend of properties ranging from residential homes in the City of Orillia and smaller towns to the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes throughout our regions that range from the smaller entry-level properties to the prestigious.BOARD & ASSOCIATION INFORMATION

This entry was posted on December 18, 2018 by lesley

Words of Appreciation

“Thank you for the memorable sales and closing experience of finding the cottage of our dreams. A perfect fit for our needs.”

I & E – Lake Muskoka cottage buyers

“Jim and Iris Gardiner were both amazing to deal with. A truly professional team. They shared a great deal of knowledge with us and really shed important light regarding potential Island Cottage ownership – all the pros and cons. Not only did they sell our existing cottage in 24 hours for much higher than our asking price they helped us find our new slice of paradise on Lake Muskoka in a very tight market. We are thrilled with our new cottage and love being on Eilean Gowan Island! We would highly recommend either Jim or Iris for any of your Real Estate needs!”

J & D – Sold on Echo Lake and bought on Lake Muskoka

Jim did me a favor 20 years ago and I wanted to return the favor – I approached him and Iris at the cottage show and, even though I already had a real estate agent, he recommended a cottage property that I purchased and enjoyed for those 20 years. I therefore, tracked him down and had him be our agent in selling that property. Our priority was to find new owners that would be friendly and fit in well with the neighbors and Jim and Iris found the perfect couple Jim and Iris made the entire sale most enjoyable. The experience was so smooth and enjoyable that the sellers, the buyers and the real estate agents all got together for supper the following summer at our old cottage!

K & L – Lake Muskoka

It is with great pleasure and appreciation for me to recommend the services of Jim Gardiner and the entire Gardiner Team. Jim’s awareness of community by-laws and market related activities extracted incremental value for us when we were finalizing the purchasing agreement.

JB – Mirror Lake

Just want to tell you that you did a fine job for me on the cottage sale on Lake Muskoka. The sale has removed a huge load from my shoulders. Iris, just a note to thank you again. Money is in the bank!!!!!!

BJ – Lake Muskoka