Lakelands property sales running at average levels in February 2018

– down from a very strong February in 2017

Sales of waterfront properties recorded through the MLS® System for the Lakelands region numbered 36 units, down 34.5% from February 2017. This was almost exactly in line with the 10-year average for the month of February.

On a year-to-date basis, waterfront sales (72) were down 30.1% from the same period in 2017.

“Sales activity was running at average levels in February, less extreme activity than we saw in early 2017,” said Mike Stahls, President of The Lakelands Association of REALTORS®. “That said, even average levels of demand against the backdrop of a historic lack of inventory is keeping the pressure on prices in the region.”

The median price for waterfront sales was $459,000 in February 2018, rising 8% from February 2017.
The total value of waterfront sales was $20.4 million, falling 24% from the record February in 2017. This drop in dollar value was due to the slowdown in sales.

Summary – Sales
	February 2018	February 2017	Year-over-year percentage change

	36	55	-34.5
Includes transactions in all areas recorded by The Lakelands Association of REALTORS^®

Summary – Median Price
	February 2018	February 2017	Year-over-year percentage change

	$459,000	$425,000	8.0
Includes transactions in all areas recorded by The Lakelands Association of REALTORS^®

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Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area	Unit Sales			Median Sale Price
By Area	February 2018	February 2017	Year-over-year percentage change	February 2018	February 2017	Year-over-year percentage change
Muskoka	10	16	-37.5	$397,500	$525,000	-24.3
Haliburton	10	10	0.0	$444,500	$284,500	56.2
Orillia	7	9	-22.2	$500,000	$740,000	-32.4
Parry Sound	9	14	-35.7	$535,000	$317,500	68.5
All Other Areas	0	6	-100.0	$0	$466,500	-100.0
Note: A percentage change of — indicates there were no sales in the same month one year ago.

BOARD & ASSOCIATION INFORMATION

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.

This entry was posted on March 29, 2018 by Jim and Iris

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

Our Team

Lakelands property sales running at average levels in February 2018