Waterfront sales set new May record

Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® – Statistics from CREA

Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 176 units in May 2015. This was down 21.8 per cent from a record May in 2014, and stood roughly in line with the five and 10 year average for this month.On a year-to-date basis residential non-waterfront property sales were running four per cent below levels at the same time last year.

Sales of waterfront properties, meanwhile, rose 10.3 per cent from a year ago to 192 units in May 2015. This was the best May on record.

Year-to-date sales of waterfront properties were running 27.9 per cent ahead of the first five months of 2014.

Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® – Statistics

“The story in May was once again one of fairly average sales in the non-waterfront segment, while waterfront sales set another record,” said Tom Wilkinson, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “While we’re only just at the beginning of the busy season for cottage sales, which usually lasts until after Thanksgiving, at this point waterfront sales are on track to set a new annual record in 2015.”The median price for residential non-waterfront property sales was $235,500 in May 2015, edging up 0.6 per cent from May 2014.

The median price for waterfront sales was $429,000 in May 2015, rising 14.4 per cent from May 2014.

The dollar value of all residential non-waterfront sales in May 2015 totalled $44.5 million, down 23.5 per cent from the record May last year. This was still the third best May on record.

The total value of waterfront sales was $128.1 million, rising 9.3 per cent from levels in May 2014. This was the best May on record (2nd best all-time) and marked the first May to break the $120 million mark.

Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® – Statistics

Important information

The area served by the more than 670 REALTORS® who belong to Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® serving Muskoka, Haliburton and Orillia, is located less than a two-hour drive north of Toronto, in the heart of Canada’s Cottage Country. There are several major geographical areas within the Association’s boundaries, including the City of Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, Lake of Bays and Haliburton. Each of these areas has a unique blend of properties ranging from residential homes in the City of Orillia and smaller towns to the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes throughout our regions that range from the smaller entry level properties to the prestigious.