The data shows a clear cycle of a hot market in 2022, followed by a correction in 2023, and a partial recovery in 2024. The market appears to be stabilizing at a level between the highs of 2022 and the lows of 2023, suggesting a more balanced market condition in 2024. The consistent seasonal patterns across all three years indicate that spring remains the strongest season for waterfront property prices in this market. More info here
Muskoka Real Estate Appraisals – real property valuations in Muskoka, Ontario Canada. “Muskoka appraiser” is a term used by real estate stakeholders and others who wish to identify individuals with the skills and qualifications to value land and/or buildings in Muskoka, Parry Sound or Haliburton. You are at the right place if you are looking for a Muskoka appraiser. Contact the appraiser for information about real estate appraisal services in Muskoka.
QUALIFICATIONS OF THE APPRAISER
SHAWN O’CONNOR, AACI, Hon. B. Comm.
CURRENT STATUS IN BUSINESS
Area of coverage: The approximate coverage area spans Bracebridge, Huntsville, Gravenhurst, Port Carling, Dorset, Bala, Lake Muskoka, Lake Joseph, Lake Rosseau, Lake of Bays, Georgian Bay, islands, mainland, and surrounding regions. This includes the District of Muskoka, the southern District of Parry Sound, and the western parts of Haliburton County areas.
A1 Accurate Appraisal: Presently, Shawn O’Connor serves as the owner/operator of A1 Accurate Appraisal, offering comprehensive appraisal services in Muskoka, Haliburton, and Parry Sound, Ontario, Canada. His extensive clientele includes municipalities, lenders, lawyers, businesses, and private individuals with diverse needs such as review reports, expropriation consultations, appraisal reports for financing, litigation, divorce, financial planning, the Ecogift Program, tax matters, non-arms length transfer of title, estate settlement, and government agency reports. Shawn holds a license as a Realtor with Royal Heritage Realty Ltd., enabling him to deliver realtor and appraisal services within the Muskoka area.
Work Experience: During his tenure as an AACI designated appraiser with Central Ontario Appraisals (Newmarket) Inc., Shawn O’Connor provided appraisals for the Ministry of Transportation, the Town of Aurora, businesses, individuals and lending institutions. These services were crucial for expropriation proceedings, cash-in-lieu, financial planning, and assisting with financing in areas like Muskoka, Vaughan, Newmarket, Richmond Hill, and surrounding regions. As a Realtor in Muskoka, Shawn O’Connor effectively marketed real estate and skillfully represented clients in transactions involving waterfront, commercial, and residential properties.
History: Before venturing into the real estate field, Mr. O’Connor amassed a wealth of experience that included residential and commercial renovation contracting, website design services, commercial TV-film soundtrack production and music composition. As a member of a news television and documentary crew, Shawn was honoured with a Certificate of Sincere Appreciation from Honourable Joe Clark, P.C., M. P., Secretary of State for External Affairs. This recognition was a testament to his dedicated service in organizing the Open Skies Conference in Ottawa.
QUALIFICATIONS & DESIGNATIONS
AACI Accredited Appraiser, Appraisal Institute of Canada having qualified by examination and holding Certificate Number 4022 of the Appraisal Institute of Canada issued June of 2006.
EDUCATION
Mr. O’Connor studied appraisal at the University of British Columbia, accounting and economics at the University of Ottawa and the University of Western Ontario.
Bachelor of Commerce – University of Ottawa
Graduated with Honours
Financial Studies – Bachelor of Arts – University of Western Ontario
PGCV – University of British Columbia
PROFESSIONAL EXPERIENCE
2006 – Present: AACI Designated Appraiser, A1 Accurate Appraisal – Owner/Operator (Bracebridge)
2021 – Present: Real Estate Sales Representative, Royal Heritage Realty Ltd.
2015 – 2021: Real Estate Sales Representative, Enjoy Muskoka Realty Inc. (Bracebridge)
2012 – 2015: Real Estate Sales Representative, Your Choice Realty Corp. (Huntsville)
2009-2012: Real Estate Sales Representative, Commonwealth Adventure Real Estate Inc. (Gravenhurst)
2006 – 2007: AACI Designated Appraiser, Central Ontario Appraisals (Newmarket) Inc., Real Estate Sales Representative, Home Life Muskoka Real Estate Ltd. (Bracebridge)
2004 – 2006: Real Estate Sales Representative, Re/Max Lake County Realty Inc. (Gravenhurst)
MEMBERSHIPS
Appraisal Institute of Canada
OREA – Ontario Real Estate Association
Muskoka – The Lakelands Association of Realtors
Canadian Commercial Council of Realtors of the Canadian Real Estate Association
SOCAN – Society of Composers, Authors and Music Publishers of Canada
AWARDS
1990 Certificate of Sincere Appreciation from Honourable Joe Clark, P.C., M. P., Secretary of State for External Affairs for dedicated service in the organization of the Open Skies Conference, Ottawa.
More info here: https://a1accurateappraisal.com/aaci-appraiser-muskoka-member-of-the-appraisal-institute-of-canada-muskoka-appraiser/
- Overall Price Levels:
- 2022 had the highest overall price levels among the three years.
- 2023 saw a general decrease in prices compared to 2022.
- 2024 shows a slight recovery from 2023 but hasn’t reached 2022 levels.
- Peak Prices:
- 2022: Peaked in April at $1,150,000
- 2023: Peaked in May at $925,000
- 2024: Peaked in April at $935,000
- Year-to-Year Comparison:
- January prices: 2022 ($857,000) > 2024 ($850,000) > 2023 ($750,000)
- This indicates a market correction in 2023 followed by a slight recovery in 2024.
- Market Volatility:
- 2022 shows the highest volatility with prices ranging from $805,000 to $1,150,000.
- 2023 and 2024 show more stable prices with less dramatic fluctuations.
- Seasonal Patterns:
- All three years show a general trend of prices increasing in spring (March-May) and declining in late summer and fall.
- This pattern is most pronounced in 2022 and less so in 2023 and 2024.
- Notable Changes:
- The most significant drop occurred from April 2022 ($1,150,000) to February 2023 ($739,000), a decrease of about 36%.
- 2024 shows a more stable market with less month-to-month variation compared to previous years.
- End-of-Year Trends:
- 2022 ended with a downward trend, reaching $805,000 in December.
- 2023 showed more stability in the latter half of the year, ending at $850,000 in December.
- 2024 data is incomplete but shows a slight downward trend from July to September.
- Recovery Indicators:
- While 2024 prices are generally higher than 2023, they haven’t reached the peaks seen in 2022, suggesting a partial market recovery.
- Market Correction:
- The data suggests a significant market correction occurred in late 2022 and early 2023, with prices stabilizing at a lower level in 2023 and 2024 compared to the peaks of 2022.
In conclusion, the data shows a clear cycle of a hot market in 2022, followed by a correction in 2023, and a partial recovery in 2024. The market appears to be stabilizing at a level between the highs of 2022 and the lows of 2023, suggesting a more balanced market condition in 2024. The consistent seasonal patterns across all three years indicate that spring remains the strongest season for waterfront property prices in this market.