As your local waterfront property specialist, I’m pleased to provide our year-over-year market analysis for November 2023 to November 2024. The data reveals fascinating trends in both our waterfront and non-waterfront segments.
In the prestigious waterfront market, we’ve seen a modest adjustment of 1.11%, with median prices moving from $859,500 to $850,000. This slight decrease of $9,500 reflects a market that’s finding its equilibrium while maintaining strong fundamental values. What’s particularly noteworthy is the significant uptick in transaction volume – waterfront properties saw a robust 23.43% increase in sales activity, with transactions rising from 239 to 295 properties year-over-year.
Our non-waterfront sector demonstrates remarkable resilience, posting a slight increase of 0.23% in median sale prices, moving from $538,750 to $540,000. Even more impressive is the surge in market activity, with a substantial 43.17% increase in sales volume, jumping from 278 to 398 transactions.
These numbers tell a compelling story of a healthy, active market. While waterfront prices have slightly adjusted, the dramatic increase in sales volume across both segments suggests strong buyer confidence and market liquidity. For sellers, this heightened activity level indicates an engaged buyer pool, while buyers are finding more opportunities to enter the market with prices stabilizing.
Looking ahead, these metrics suggest a well-balanced market that continues to attract both buyers and sellers, maintaining our region’s reputation as a desirable real estate destination.
Area included in source data: District of Muskoka, residential waterfront and residential non-waterfront improved sales only. (Source: OnePoint 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.
