Sales improve in June

Lakelands property sales improve in June, but still below last year’s levels

Sales of waterfront properties recorded through the MLS® System for the Lakelands region numbered 239 units in June 2018 . This was down just 7.7% from June 2017 and was the fourth best-ever June. It was abovethe 10-year June average and just slightly below five-year average for the month.

On a year-to-date basis, waterfront sales totalled 730 units over the first six months of the year. This was a decline of 31.5% from the same period in 2017.

“While sales activity is still running below last year’s levels, June did mark a noticeable improvement from April and May, particularly for waterfront properties” said Mike Stahls, President of The Lakelands Association of REALTORS®. “A similar trend was recorded in Toronto and some other surrounding markets. It could be the beginning of a turnaround for sales in the Greater Golden Horseshoe and Cottage Country.”

The median price for waterfront property sales in June 2018 was $550,000, up 8.1% from June 2017.

The total dollar value of all waterfront sales in June 2018 was $164.3 million, decreasing by 11.6% from the record for the month set in 2017.

Summary – Sales
Category	June 2018	June 2017	Year-over-year percentage change

Waterfront	239	259	-7.7
Includes transactions in all areas recorded by The Lakelands Association of REALTORS^®

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

Waterfront	$550,000	$509,000	8.1
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
By Area	June 2018	June 2017	Year-over-year percentage change	June 2018	June 2017	Year-over-year percentage change
Muskoka	88	92	-4.3	$699,500	$654,000	7.0
Haliburton	40	53	-24.5	$487,500	$450,000	8.3
Orillia	20	20	0.0	$507,500	$502,250	1.0
Parry Sound	77	82	-6.1	$410,000	$474,500	-13.6
All Other Areas	14	12	16.7	$476,500	$344,000	38.5
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^®

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For more information,
please contact:
(705) 788-1504

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

President
Mike Stahls

This entry was posted on August 3, 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

Sales improve in June