Sales of waterfront properties recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® came in just two sales below last May’s record.
On a year-to-date basis, waterfront sales were up 2.9% from the first five months of 2016. This was the highest level on record for this period.
“At this point the local housing market appears to be on its way to another record year in 2017,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “That said, housing markets not too far south of Cottage Country cooled in May in the wake of recently announced changed to Ontario housing policy. That did not seem affect our area in May, but it will be worth keeping an eye out in the months ahead for any signs of those Greater Golden Horseshoe demand and supply trends creeping into the Muskoka, Haliburton and Orillia areas.”
The median price for waterfront sales was $522,500 in May 2017, rising 24.4% from May 2016.
The total value of waterfront sales was $164.2 million, up 1.2% from May 2016.
| Summary – Sales by Housing Type | |||
|---|---|---|---|
| Category | May 2017 | May 2016 | Year-over-year percentage change |
| Waterfront | 242 | 244 | -0.8 |
| Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® | |||
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | May 2017 | May 2016 | Year-over-year percentage change |
| Waterfront | $522,500 | $420,000 | 24.4 |
| Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® | |||
| Detailed – Waterfront Sales and Median Price by Area | ||||||
|---|---|---|---|---|---|---|
| Waterfront | ||||||
| By Area | Unit Sales | Median Sale Price | ||||
| May 2017 | May 2016 | Year-over-year percentage change |
May 2017 | May 2016 | Year-over-year percentage change |
|
| Muskoka | 165 | 156 | 5.8 | $515,000 | $429,500 | 19.9 |
| Haliburton | 57 | 55 | 3.6 | $510,000 | $399,000 | 27.8 |
| Orillia | 19 | 33 | -42.4 | $650,000 | $410,000 | 58.5 |
| All Other Areas | 1 | 0 | — | $445,000 | $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 the more than 700 REALTORS® who belong to Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® serving 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, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, 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.
Lesley-Anne Goodfellow