Cottage Country Needs LISTINGS for 2017

Even though it is the middle of winter our team is constantly answering questions from Buyers looking to find the perfect cottage in 2017.

2016 was a record breaking year for both Haliburton and Muskoka Cottage Sales and for the first time in many years we had an inventory issue. NOT ENOUGH LISTINGS and TOO MANY BUYERS.

There are only a couple of months left before the Spring 2017 Cottage Life Show so if you are thinking of selling now is the time to CONTACT US and have us in to do a no obligation Opinion of Value.

Maybe you had someone in a few years ago and did not like what price you were given?
It is important to note that the market has changed and your property could now be worth more than was quoted a few years ago.

Below are the stats for both the Haliburton Real Estate market and Muskoka Real Estate market

Feel free to email us at cottagecountry@chestnutpark.com with any questions.

This post in NOT intended to solicit Buyers or Sellers under contract with a Brokerage


*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.

            

Ontario Cottage Country Team Realtor Reports Strong Market in 2016

After several lackluster years, Haliburton and Muskoka cottage sales soar in 2016 with quicker sales, multiple offers, and increase in sales and prices across the board, reports Rob Serediuk, host of Cottage Life TV’sWhat’s For Sale and realtor with Chestnut Park Real Estate Limited, Brokerage’s  Cottage Country Team serving the Haliburton and Muskoka markets

Muskoka, Ontario – After several lackluster years, Ontario’s cottage country real estate market is finally flying high. Until now, the market has been struggling since the last recession hit recreational real estate in Ontario hard. According to cottage country real estate agent Rob Serediuk, the market has dramatically changed in Muskoka and Haliburton, the province’s favorite cottage country destinations.  “While not in the same league as the over-heated Toronto and Vancouver markets, sales in Haliburton and Muskoka real estate have soared,” reports Serediuk, who as well as being a busy realtor leading the Chestnut Park Real Estate Limited’s Cottage Country Team (www.cottagecountryteam.com), is the host of the popular Cottage Life TV show What’s For Sale.  

“The Muskoka and Haliburton market has seen its best numbers since 2007 in all price categories. It is now November, and I haven’t stopped working. 2016 has been a crazy year.  This year, the number of units sold in Muskoka to date, including waterfront cottages, waterfront lots and residential, is up 26%* from last year and the total dollar value of all units sold rose 38%*. In Haliburton, the number of units sold this year to date is up 15.9%* from 2015 and total dollar value is up 27%*. The market has now reached a point where we have too many buyers and not enough inventory. Places are selling fast, and in some cases, there are multiple offers. I haven’t experienced anything like this since I started selling recreational real estate, just after the recession. My timing was not ideal. I left the comfort of my corporate job to open a ChestnutPark real estate office serving Haliburton and Muskoka just as the market crashed and buyers disappeared. Each year I patiently waited for the market to recover, and each year saw very little improvement, until now,” says Serediuk.

“I anticipate that the strong recreational real estate market in Ontario will continue through 2017. Waterfront property is a good solid investment, and as cottage prices climb, more buyers will want to get in on the action; building equity while they enjoy the cottage lifestyle. And, it appears that interest rates will remain low for the foreseeable future, keeping cottage ownership affordable, for the time being. 2017 is just around the corner, and if you are thinking of buying or selling a cottage property, you should first do some research before the buying season begins in early spring. Haliburton and Muskoka are both fabulous places to cottage, but they are entirely different markets.  We have found that high-end cottage buyers who are interested in waterfront estates in the $1.5M plus range, almost exclusively want to look at properties in Muskoka and on one of the Big 3 Lakes only. In Haliburton, cottage sales are generally in the $300k to $700K range with fewer sales over $800K. Cottage buyers in Haliburton often get more cottage, waterfront, and privacy than if they bought in Muskoka for the same money.  However, Muskoka has a certain panache that has made it one of Ontario’s most beloved and coveted vacation destinations for generations. For many owning a cottage in Muskoka is worth the price,” explains Serediuk.   

About the Cottage Country Team: Whether you are looking to buy or sell a property in Muskoka or Haliburton, you can count on the Cottage Country Team of Chestnut Park Real Estate Limited, Brokerage to go that extra mile to ensure your complete satisfaction. Cottage country real estate professionals, realtors Greg McInnis and Rob Serediuk, and broker Shirley Rule deliver results with a proven track record of marketing and selling Muskoka and Haliburton real estate, including luxury vacation properties, waterfront homes, family cottages, and recreational lakefront properties. The number one team for waterfront sales for five years in a row, the Chestnut Park Cottage Country Team has the dedication, drive, and experience to deliver the best results. For more information, visit their website www.cottagecountryteam.com or drop by their office at 4490 Kennisis Lake Road, Haliburton. To arrange an appointment, call 705 754-0880, or email cottagecountry@chestnutpark.com.

 **The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka. While all data has been checked for accuracy we are not responsible for any discrepancies. Data was pulled using cottage/recreational properties.

Contact:

Rob Serediuk, Sales Representative

The Cottage Country Team

Chestnut Park Real Estate Limited, Brokerage

4490 Kennisis Lake Road

Haliburton ON   K0M 1S0

rob@robserediuk.com

www.cottagecountryteam.com

705 754-0880 Office

705 705-854-0910 Mobile

WOW! We can hardly believe it is already November! 

Our recreational real estate update for November is below! 

Any questions? Feel free to contact us at cottagecountry@chestnutpark.com

2016 Cottage Sales Surge But Price Remains The Most Important Factor

• If a property is priced right (and not well above the average sale for the area) chances are high it will sell. The higher the price the less Buyers there are for your property
• There is a Buyer for every property however if your property is over priced, priced well above the average sale, or has a major barrier, chances are it will not sell
• Buyers are essentially looking for the same features no matter what the price
• Easy access from the cottage to the waterfront
• Clean / weed free shoreline
• All day sun exposure
• A well cared for cottage that shows well and requires little to no work for the Buyer
• Medium to large lake suitable for boating activities

2016 Haliburton Real Estate Market Stats*

Why do Buyers choose Haliburton?

• Haliburton has many attractive features for the cottage Buyer
• Clean lakes in beautiful Algonquin style setting
• They get more bang for their dollar compared to Muskoka and The Kawarthas 
• Offers year round recreational activities 
• Generally can get more privacy and a better lot compared to other areas

Haliburton also has barriers that prevent certain Buyers from purchasing

• Limited services and amenities in Haliburton and Minden
• Drive time from GTA can push 3+ hours
• Most lakes do not have any services (marina, restaurant access)
• Lack of historical sales in $800,000+ market makes high end Buyers nervous that they will not be able to sell for what they paid should they need to sell a few years down the road

                                               2016 Muskoka Real Estate Market Stats*

*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.

Happy Halloween From Your Cottage Country Team

Market Report for January 1 – October 1 2016*

Visit our website for great info on the Haliburton and Muskoka Cottage Market

Haliburton

Muskoka

*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.

Happy Halloween From Your Cottage Country Team

Market Report for January 1 – October 1 2016*

Visit our website for great info on the Haliburton and Muskoka Cottage Market

Haliburton

Muskoka

*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.

Our office is located on Kennisis Lake Road in the heart of Haliburton Ontario

Kennisis Lake is the largest lake in the Haliburton Highlands with a surface area of over 1,640 hectares (4,100 acres) in the area of Ontario just south west of Algonquin Provincial Park. From end to end, the lake is approximately 23 kilometres (14 mi) long.[1] There is a smaller counterpart, named Little Kennisis Lake

The lake offers cottages in a wide range of price points and Chestnut Park Haliburton is proud of the results we have achieved on the lake for the past 5 years.

Below are solds for 2014 , 2015 and 2016

*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.

Not since 2007 have we seen such a strong market*

However, it depends on the price point you are in

The Haliburton 2016 Real Estate Market January to August 31 2016

• The under $700,000 market is the strongest it has ever been
• 80% of all waterfront sales in Haliburton are under $500,000 – this is the main Buyer for the area
• There have been 54 sales in $500,000 to $800,000 – 14% of total sales
• The $800,000 to $1M market is challenging and with 10 sales
• The $1M+ market has had 10 sales with the highest coming in at $1,350,000
• Out of the 10 sales the average sale to list price is 90.2% and out of the 10 sales, 9 of them took at least 2 price decreases
• If taking original list price into account, the sale to original list price is 82.4%

 The Muskoka 2016 Real Estate Market January to August 31 2016

Though only an hour from Haliburton, it is a different world

• The Muskoka market has seen its best numbers since 2007 in all price categories 
• Over the years our brokerage has executed numerous marketing tactics to try attracting Buyers with $800,000+ budgets to Haliburton 
• There are major differences between Haliburton and Muskoka and it has proven a very daunting task to try and get Buyers to consider Haliburton
• In the under $1M market, Buyers a tend to be a little more flexible in the area they are looking in, but in the $1M+ they are not – they want Muskoka
• In fact, these Buyers don’t just want Muskoka but want a specific Muskoka Lake – mainly the Big 3
• Almost all $1M+ sales are on Lake Muskoka, Rosseau and Joseph – with Lake Of Bays the next choice

Contact Us and we would be please to answer any questions you have on the makret

cottagecountry@chestnutpark.com

705.754.0880

cottagecountryteam.com

*The data provided for this report was collected from The Lakelands Board’s List Central system for Haliburton and Muskoka and the Kawartha Lakes and Peterborough/Kawartha Lake system. While all data has been checked for accuracy we are not responsible for any discrepancies between our numbers and numbers reported by other companies, brokerages, or the board office.