Lakelands waterfront sales up in August

Lakelands waterfront sales up in August

The Lakelands Association of REALTORS®

  • chart 4
  • chart 5
  • chart 5

 

Sales of waterfront properties recorded through the MLS® System for the Lakelands region numbered 259 units in August 2019. This was up 7.9% from August 2018.

On a year-to-date basis, waterfront sales totalled 1,143 units over the first eight months of the year, down 3.9% from the same period in 2018.

Wendy Webb, President of The Lakelands Association of REALTORS® said, “after a slow start to our cottage season, due to weather, waterfront sales activity have started to improve. Those sales were back in line with their 10-year average in August. Supply continues to be an issue; however, some areas of our region have made gains in inventory resulting in more sales recorded in those areas.”

The median price for waterfront property sales in August 2019 was $525,000, edging up 1.5% from August 2018.

The total dollar value of all waterfront sales in August 2019 was $209.9 million, up 5.9% from the same month in 2018 and the second highest August level ever.

Summary – Sales by Housing Type
Category August 2019 August 2018 Year-over-year
percentage change
Waterfront 259 240 7.9
Includes transactions in all areas recorded by The Lakelands Association of REALTORS®
Summary – Median Price by Housing Type
Category August 2019 August 2018 Year-over-year
percentage change
Waterfront $525,000 $517,000 1.5
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
August 2019 August 2018 Year-over-year
percentage
change
August 2019 August 2018 Year-over-year
percentage
change
Muskoka 102 90 13.3 $681,500 $761,500 -10.5
Haliburton 56 47 19.1 $447,500 $460,000 -2.7
Orillia 23 24 -4.2 $525,000 $657,500 -20.2
Parry Sound 62 64 -3.1 $487,500 $382,500 27.5
All Other Areas 16 15 6.7 $590,000 $560,000 5.4
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®

Visit external site

For more information,
please contact:

(705) 788-1504

Crystal Henderson, CRAE, e-PRO® Executive Officer
chenderson@thelakelands.ca – Ext. 222

President
Wendy Webb

This entry was posted on October 9, 2019 by Jim and Iris

Recent Posts

Like Us on Facebook

Words of Appreciation

Translate »