Market updates

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 above the 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
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

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