Sales of waterfront properties recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® came in 25.3% below last September’s record. On a year-to-date basis, waterfront sales were down 14.4% from the first three quarters of 2016.
The waterfront figures for September 2017 stood in between the five and 10-year averages for the month of September.
“Sales of waterfront properties have slowed from record levels this spring to more normal levels over the summer and fall, in line with trends seen across the Greater Golden Horseshoe region,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “That said, prices are up year over year on fewer sales, and months of inventory decreased again slightly over the previous month.”
The median price for waterfront sales was $489,500 in September 2017, rising 11.3% from September 2016.
The value of all residential non-waterfront sales in September 2017 totalled $55.4 million, edging down 1.1% from September 2016.
The total dollar value of waterfront sales was $154.1 million, down 7.9% from September 2016.
BOARD & ASSOCIATION INFORMATION
The area served by the more than 700 REALTORS® who belong to 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, Coldwater, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, Lake of Bays, and Haliburton Highlands. 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.