In this blog we take a closer look at the 2021 Huntsville, Muskoka Real Estate Stats. 2021 represented the second year of COVID-19, and a continued trend of people moving from larger cities to smaller towns. Prices for both waterfront and non-waterfront in Huntsville, Muskoka reflect this trend. 2021 sale prices for Huntsville waterfront saw an increase of 15.81% in 2021 over 2020. 2021 saw more new listings in Huntsville for both waterfront and non-waterfront properties (a combined increase of 12.67% in 2021 over 2020). 2021 was categorized as a Seller’s market, with more Buyers than properties available. RBC defines a Seller’s market as follows:
“A seller’s market happens when there’s a shortage in housing or more potential buyers than homes.”
A seller’s market at-a-glance
- More buyers than homes for sale
- Prices tend to be higher because of increased demand
- Homes sell quickly
- More likely to be multiple offers on a home, which gives sellers negotiating power (and conditional offers may be rejected)
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The Above charts are created using the data provided entirely from the Lakelands Association of Realtors. They reflect the number of residential non-waterfront properties, and average sale price for residential non-waterfront properties sold in the Town of Huntsville, Muskoka.