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
*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.
