Lakelands waterfront sales remain on the quieter side in February

Lakelands waterfront sales remain on the quieter side in February

Muskoka & Haliburton Association of REALTORS®

The Lakelands Association of REALTORS®

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Sales of waterfront properties recorded through the MLS® System for the Lakelands region numbered 31 units in February 2019. This was a decrease of 16.2% (six sales) from February 2018 and was well below average for the month.

On a year-to-date basis, waterfront sales totalled 66 units over the first two months of the year, down 19.5% from the same period in 2018.

“Non-waterfront sales have consistently outperformed the more expensive waterfront segment since the introduction of the B-20 stress test at the beginning of 2018,” said Wendy Webb, President of The Lakelands Association of REALTORS®. “Sales trends notwithstanding, with the supply of listings still at or near record lows across the region, prices continue to post sizeable year-over-year gains.”

The median price for waterfront property sales in February 2019 was $500,000, up 8% from February 2018.

The total dollar value of all waterfront sales in February 2019 was $21.4 million, edging up 2% from the same month in 2018.

Summary – Sales by Housing Type
Category February 2019 February 2018 Year-over-year
percentage change
Waterfront 31 37 -16.2
Includes transactions in all areas recorded by The Lakelands Association of REALTORS®
Summary – Median Price by Housing Type
Category February 2019 February 2018 Year-over-year
percentage change
Waterfront $500,000 $463,000 8.0
Includes transactions in all areas recorded by The Lakelands Association of REALTORS®

 

Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
Feb 2019 Feb 2018 Year-over-year
percentage
change
Feb 2019 Feb 2018 Year-over-year
percentage
change
Muskoka 12 9 33.3 $514,956 $375,000 37.3
Haliburton 9 10 -10 $500,000 $444,500 12.5
Orillia 4 6 -33.3 $1,018,500 $481,500 111.5
Parry Sound 6 10 -40 $377,500 $542,500 -30.4
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.


Muskoka & Haliburton Association of REALTORS®

THE LAKELANDS ASSOCIATION OF REALTORS®

 


The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with The Lakelands Association of REALTORS®. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor The Lakelands Association of REALTORS® assumes any responsibility or liability. Copyright © 2019 The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

This entry was posted on March 23, 2019 by Jim and Iris

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