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
705 754-0880 Office
705 705-854-0910 Mobile
