Waterfront sales set September record – The Lakelands

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

Residential non-waterfront sales activity recorded through the MLS® system of
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered
173 units in September 2015, down 9.4 per cent from September 2014. This was still
above the five and 10-year average for the month.
On a year-to-date basis residential non-waterfront property sales were running 
4.4 per cent above levels at the same time last year. This was also the best sales
figure for this period since 2003.
Sales of waterfront properties rose 17.3 per cent from September a year ago to 203
units in September 2015. This was the first September to see sales rise above 200.
Year-to-date sales of waterfront properties were running 13.6 per cent ahead of the
same period in 2014, marking the best first three quarters of any year on record.
“Non-waterfront sales stepped back on a year-over-year basis in September, although
looking back past last year it was still the best showing for the month in more than
a decade,” said Tom Wilkinson, President of Muskoka Haliburton Orillia – The Lakelands
Association of REALTORS®.
“Meanwhile, for the third time in the last four months, sales of waterfront properties
again set a new monthly record.”
The median price for residential non-waterfront property sales was $227,750 in
September 2015, up 4.5 per cent from September 2014.The median price for waterfront sales
was $375,000 in September 2015, edging down 1.3 per cent from September 2014.
The dollar value of all residential non-waterfront sales in September 2015  totalled $41.6 million,
down 8.4 per cent from September 2014. However, this was still the second best level for the
month on record.The total value of waterfront sales was $103.6 million, up 17.4 per cent from
September last year. This was the best September on record and the first time in history that
volumes in this month had surpassed $100 million.

Summary – Sales by Housing Type
Category September 2015 September 2014 Year-over-year
percentage change
Non-Waterfront Residential 173 191 -9.4
Waterfront 203 173 17.3
Includes transactions in all areas recorded by the REALTORS® Association of Ontario Lakelands
Summary – Median Price by Housing Type
Category September 2015 September 2014 Year-over-year
percentage change
Non-Waterfront Residential $227,750 $218,000 4.5
Waterfront $375,000 $380,000 -1.3
Includes transactions in all areas recorded by the REALTORS® Association of Ontario Lakelands

Detailed – Non-Waterfront Residential Sales and Median Price by Area
Non-Waterfront Residential
By Area Unit Sales Median Sale Price
September 2015 September 2014 Year-over-year
percentage
change		 September 2015 September 2014 Year-over-year
percentage
change
Muskoka 88 93 -5.4 $227,000 $200,000 13.5
Haliburton 16 11 45.5 $181,500 $184,000 -1.4
Orillia 68 78 -12.8 $233,000 $225,500 3.3
Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
September 2015 September 2014 Year-over-year
percentage
change		 September 2015 September 2014 Year-over-year
percentage
change
Muskoka 123 96 28.1 $395,000 $428,853 -7.9
Haliburton 51 44 15.9 $350,000 $302,500 15.7
Orillia 26 42 -38.1 $444,500 $347,500 27.9

 

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.