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.
This entry was posted on December 18, 2018 by lesley
“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
Mike Taylor was a great find for us. Mike was accessible and flexible with showings, visits, the house inspection and all of the steps involved in closing a sale. Following our closing Mike has continued to be a valuable source of information providing us with contacts for insurance, plumbing and electricians among other things.S & D – Muskoka River, Port Sydney
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
As first time cottage buyers but no strangers to purchasing property, we were fortunate to find Mike Taylor. We purchased through him in 2016 and would gladly again. Honest, great local knowledge and mindful of the nuances of financing, our experience with this agent was golden. Hardworking and always available, Mike made our experience of this purchase so much easier. A great job and comes with the highest recommendation” Thank you AgainS & C – Buck Lake, Huntsville