Waterfront Real Estate Cottage Market Trends The cottage market in Muskoka has always been divided between low to mid-range and luxury properties, but in recent years, this gap has expanded dramatically. Current market forces are intensifying this division, creating notable disparities in how different price segments are performing. As outlined in our 2024 market outlook, waterfront properties priced under $3 million remain the most susceptible to price erosion, while the luxury segment above $3 million has shown impressive resilience. Since the 2021 peak, unit sales for cottages under $3 million have dropped by approximately 65%. In contrast, properties priced over $3 million have seen a more moderate decline of 44%. This divergence is even starker over a longer timeline: when adjusted for inflation, luxury cottage sales align closely with long-term historical averages, while cottages in the lower ranges have dropped nearly 50%. It is important to note that some real estate brokerages in Muskoka sell their luxury properties via exclusive listings, not through Realtor.ca®. The data we publish is for closed transactions via M.L.S. as we do not have access to private or exclusive data. Most high-end transactions continue to take place on Lake Joseph, Lake Rosseau, and Lake Muskoka, with Lake of Bays also showing a solid presence in the upper-tier market. Changing Landscape Days on market-a key metric in our forecasts-have steadily risen in Muskoka since January 2022 for lower-priced cottages, with luxury properties following in early 2023.… The cottage selling season is in full swing throughout Ontario and some clear trends are beginning to emerge. As we predicted in our Muskoka cottage forecast last year, waterfront listings have been steadily ramping up throughout the province. After bottoming out in April of 2022 with around 8300 units listed*… Waterfront real estate in Muskoka has been trending downward for over a year, with one notable exception. Sales of luxury cottages, which peaked in mid-2021, began a steady decline until mid-2023 when they started to rebound. However, since March of this year, the decline has resumed and shows no signs… Always one of the most coveted areas of Muskoka to cottage in, Lake of Bays has seen a seismic shift in real estate. Starting in May of 2020 there was an meteoric rise in both sales volumes and prices which peaked exactly one year later. Since then, as you can… Escape to our stunning lakefront cottage 2.5 hours north of Toronto, on beautiful Kapikog Lake. This private rental is for families seeking a memorable getaway. Three Bird offers a unique blend of modern amenities and natural beauty, providing the perfect setting for a family vacation. Key features include a large… With over 5000 square feet of floor space, this commercial property in Burk's Falls has many possibilities. Sitting on a double corner lot, it offers 4 loading bays with ample room for trucks to maneuver in the large yard. There's a comfortable office area, meeting room, kitchenette and an additional… The perfect place to enjoy the lake life. This centrally located 4 bedroom cottage is walking distance to downtown Huntsville but feels like its worlds away. Beautifully stylish with huge south facing windows, deck overlooking Fairy Lake, sauna and dock to enjoy long summer days on the lake. Ample room… **** Just Sold **** Architecturally designed to be enhanced by the natural surroundings and to capture the ambient light this stunning, Contemporary Victorian, waterfront home is both luxurious and elegant. Built in 2018, this timeless beauty sits regally on the quiet shores of the Shadow River, allowing direct access to… M.L.S.® 40549987 This charming home or cottage located on the north shore of Lake Bernard has all of the advantages of waterfront living yet is situated close enough to the town of Sundridge to enjoy all that small town life has to offer. Tucked away on a quiet road leading… Interview with BNN Bloomberg - October 17th, 2023 Watch Video on BNN Bloomberg The Lakelands Association of Realtors® released its January 2024 statistics and as we suspected it wasn't pretty. Keep in mind that the first quarter is generally very slow for both home and cottage sales so we won't get an accurate picture until the summer selling season begins. As well, the… Every year in Ontario over 3000 waterfront properties are sold which is a staggering number considering the average sale price is just north of $1,000,000. I've been in the business a long time and it never ceases to amaze me how many people will seemingly give less thought to a… The data is all in from the Lakelands Association of Realtors® for 2023 for both waterfront and residential properties. We also have the numbers specifically for the Muskoka region including individual charts for Lake Joseph, Lake Rosseau, Lake Muskoka and Lake of Bays. It continues to clearly be a tale…JUST ADDED
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