In this blog we take a closer look at the 2021 Real Estate Stats for the district of Muskoka. 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 Muskoka reflect this trend. 2021 prices for Muskoka waterfront saw an increase of approximately 12.30% in 2021 over 2020. 2021 saw fewer active listing for Muskoka waterfront properties, while the number of sales decreased only slightly. 2021 was categorized as a Seller’s market. 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 District of Muskoka.
The Above charts are created using the data provided entirely from the Lakelands Association of Realtors. They reflect the number of residential waterfront properties, and average sale price for residential waterfront properties sold in The District of Muskoka. It is important to remember that The District of Muskoka is comprised of many smaller lakes & rivers, as well as the big 3 Muskoka Lakes – Muskoka, Joseph and Rosseau. These charts reflect the total waterfront sales for the entire district.
The Above charts are created using the data provided entirely from the Lakelands Association of Realtors. They reflect the number of active residential waterfront listings in the District of Muskoka.
Read the January 2022 stats.
