All posts by Shawn OConnor, AACI, Hon. B. Comm..

Muskoka Market Conditions – April 1, 2023

Muskoka Home Prices April 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 16.13.% during the 12 months previous to April 2023 compared to the 12 months previous to April 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Market Conditions – May 1, 2023

Muskoka Home Prices

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 9.01% during the 12 months previous to May 2023 compared to the 12 months previous to May 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Market Conditions – March 1, 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 13.54% during the 12 months previous to March 2023 compared to the 12 months previous to March 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Newsletter – Mar. 2, 2023 – Muskoka Real Estate Trends

By Shawn OConnor, AACI, Hon. B. Comm.

Muskoka Market Conditions March 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 13.54 % during the 12 months previous to March 2023 compared to the 12 months previous to March 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The information and data in this newsletter is provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Map, Ontario, Canada
Home Prices Decline in Feb. 2023

The median sale price for waterfront and non-waterfront property has recently been decreasing and was $622,500 at March 1, 2023. (12 month rolling aggregate median price)

Muskoka Homes For Sale

HOUSING SUPPLY – Canadian Real Estate Association (CREA)

January 2023

The Canada housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. National home sales edged up 1.3% month-over month

as of last measure, while new listings fell 6.4%, equaling 4.2 months of inventory heading into January, according to the Canada Real Estate Association (CREA). Demand for housing persists, but inflation, higher borrowing costs, and elevated sales prices have cut into affordability, causing market activity to decline compared to this time last year.

 

New Listings decreased 8.4 percent for Waterfront homes but increased 53.9 percent for Non-Waterfront homes. Sales decreased 34.6 percent for Waterfront homes and 33.7 percent for Non-Waterfront homes. Inventory

increased 86.2 percent for Waterfront homes and 275.6 percent for Non-Waterfront homes.

 

Median Sales Price decreased 21.7 percent to $899,950 for Waterfront homes and 17.2 percent to $650,000 for Non-Waterfront homes. Days on Market increased 78.0 percent for Waterfront homes and 92.0 percent for Non-Waterfront homes. Months Supply of Inventory increased 228.6 percent for Waterfront homes and 460.0 percent for Non-Waterfront homes.

 

The decline in home sales continues to put downward pressure on sales prices, with the Aggregate Composite MLS Home Price Index (HPI) falling 1.6% month-over-month nationwide, marking the 9th consecutive monthly price drop, according to CREA. Although prices have fallen more than 13% from their peak in February 2022, the cost of housing remains significantly higher than it was in 2019, prior to the start of the pandemic. Borrowing costs continue to rise as the Bank of Canada attempts to tame inflation, with the key interest rate now 4.50% following the Bank’s latest quarter point.

For more information about the Muskoka market contact A1 Accurate Appraisal, 3-200 Manitoba St., Suite 329, Bracebridge, ON, Canada, P1L 2E2

Phone: (705) 641-1789 Email: sh***@a1*****************.com

FREE!! Keep informed – get notified when the next newsletter is posted! Find out what other properties sold for! Search homes and cottages for sale. Change your preferences and interests at any time. Sign up here to access the Royal Heritage Realty Ltd. online information portal. Managed by Shawn OConnor AACI, Hon. B. Comm.

2023-2-10

A1 Accurate Appraisal Newsletter Feb. 2023

By Shawn OConnor, AACI, Hon. B. Comm.

Muskoka Market Conditions February 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 3.70% during the 12 months previous to February 2023 compared to the 12 months previous to February 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Map, Ontario, Canada

The median sale price for waterfront and non-waterfront property has recently been increasing and was $650,000 at Feb. 1, 2023.

Muskoka Market Prices

HOUSING SUPPLY OVERVIEW

Housing starts activity in Canada fell 0.2% from the previous month, with the – 20.0% + 8.5% standalone monthly SAAR of total housing starts for Canada at 264,159 units as of last measure, according to the Canada Mortgage and Housing Corporation (CHMC).


Housing starts remain elevated by historical measures thanks to a boom in new construction activity the past two years, with nearly 10 homes for every 1,000 people currently under construction, per recent data from BMO Capital Markets. For the 12- month period spanning January 2022 through December 2022, Sales in the Lakelands area were down 37.5 percent overall. The price range with the smallest decline in sales was the $3,000,000 and Above range, where they decreased 20.0 percent.

 

The overall Median Sales Price was up 8.0 percent to $745,000. The property type with the largest price gain was the Condo segment, where prices increased 11.8 percent to $615,000. The price range that tended to sell the quickest was the $800,000 to $999,999 range at 21 days; the price range that tended to sell the slowest was the $199,000 and below range at 72 days.

For more information about the Muskoka market contact A1 Accurate Appraisal, 3-200 Manitoba St., Suite 329, Bracebridge, ON, Canada, P1L 2E2

Phone: (705) 641-1789 Email: sh***@a1*****************.com

FREE!! Keep informed – get notified when the next newsletter is posted! Find out what other properties sold for! Search homes and cottages for sale. Change your preferences and interests at any time. Sign up here to access the Royal Heritage Realty Ltd. online information portal. Managed by Shawn OConnor AACI, Hon. B. Comm.

February 2023 Market Conditions Newsletter

A1 Accurate Appraisal Newsletter Feb. 2023

By Shawn OConnor, AACI, Hon. B. Comm.

Muskoka Market Conditions February 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 3.70% during the 12 months previous to February 2023 compared to the 12 months previous to February 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Map, Ontario, Canada

The median sale price for waterfront and non-waterfront property has recently been increasing and was $650,000 at Feb. 1, 2023.

Muskoka Market Prices

HOUSING SUPPLY OVERVIEW

Housing starts activity in Canada fell 0.2% from the previous month, with the – 20.0% + 8.5% standalone monthly SAAR of total housing starts for Canada at 264,159 units as of last measure, according to the Canada Mortgage and Housing Corporation (CHMC).


Housing starts remain elevated by historical measures thanks to a boom in new construction activity the past two years, with nearly 10 homes for every 1,000 people currently under construction, per recent data from BMO Capital Markets. For the 12- month period spanning January 2022 through December 2022, Sales in the Lakelands area were down 37.5 percent overall. The price range with the smallest decline in sales was the $3,000,000 and Above range, where they decreased 20.0 percent.

 

The overall Median Sales Price was up 8.0 percent to $745,000. The property type with the largest price gain was the Condo segment, where prices increased 11.8 percent to $615,000. The price range that tended to sell the quickest was the $800,000 to $999,999 range at 21 days; the price range that tended to sell the slowest was the $199,000 and below range at 72 days.

For more information about the Muskoka market contact A1 Accurate Appraisal, 3-200 Manitoba St., Suite 329, Bracebridge, ON, Canada, P1L 2E2

Phone: (705) 641-1789 Email: sh***@a1*****************.com

FREE!! Keep informed – get notified when the next newsletter is posted! Find out what other properties sold for! Search homes and cottages for sale. Change your preferences and interests at any time. Sign up here to access the Royal Heritage Realty Ltd. online information portal. Managed by Shawn OConnor AACI, Hon. B. Comm.

Muskoka Market Prices

Muskoka Market Conditions February 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 3.70% during the 12 months previous to February 2023 compared to the 12 months previous to February 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka January 2023 home prices

Muskoka Market Conditions January 2023

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 15.85% during the 12 months previous to January 2023 compared to the 12 months previous to January 2022. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka Real Estate Sale Prices

Muskoka Market Conditions December 2022

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 14.39% during the 12 months previous to December 2022 compared to the 12 months previous to December 2021. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data)

Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.

Muskoka real estate prices

Muskoka Market Conditions October 2022

Muskoka Market Conditions: The median residential sale price in the District of Muskoka decreased by approximately 7.11% during the 12 months previous to October 2022 compared to the 12 months previous to October 2021. Sales of vacant land and/or commercial property were not included in the data source.

Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: Lakelands Association of Realtors MLS data) Disclaimer: The above data was provided for personal use only and was obtained from sources considered reliable and was not verified. It is up to the reader of this information is to determine the suitability and use of the information. Any and all liability to the reader is expressly denied.