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)
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.