Waterfront Sales Sets New October Record

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

Waterfront sales set new October record

Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia –
The Lakelands Association of REALTORS® numbered 177 units in October 2015, down 3.3 per cent from
October 2014. That said, this is still historically quite strong, standing well above both the five and 10-year
averages for the month.

“Non-waterfront sales stepped back a bit on a year-over-year basis in October, although looking further
back in history it was still the second best showing for the month in eight years,” said Tom Wilkinson,
President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “Meanwhile, for
the fourth time in the past five months sales of waterfront properties set a new monthly record. At this
point, with just two months left to go in 2015, a new annual record for waterfront property sales this year
is pretty much a given.”
The median price for residential non-waterfront property sales was $228,500 in October 2015, up 1.6
percent from October 2014.  The median price for waterfront sales was $376,000 in October 2015, down
4.8 per cent from October 2014.

The dollar value of all residential non-waterfront sales in October 2015 totalled $43 million, edging

down 0.6 per cent from October 2014. However, this was still the second best level for the month on
record.The total value of waterfront sales was $84.8 million, up 4.4 per cent from October last year.
This was the best October on record.Sales of waterfront properties rose 10.2 per cent from last October
to reach a record 162 units in October 2015.  Year-to-date sales of waterfront properties (1,437 sales)
were running 13.2 per cent ahead of the same period in 2014, marking the best first 10 months of any
year on record.

Summary – Sales by Housing Type
Category October 2015 October 2014 Year-over-year
percentage change
Non-Waterfront Residential 177 183 -3.3
Waterfront 162 147 10.2
Includes transactions in all areas recorded by the REALTORS® Association of Ontario Lakelands
Summary – Median Price by Housing Type
Category October 2015 October 2014 Year-over-year
percentage change
Non-Waterfront Residential $228,500 $225,000 1.6
Waterfront $376,000 $395,000 -4.8
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
October 2015 October 2014 Year-over-year
percentage
change		 October 2015 October 2014 Year-over-year
percentage
change
Muskoka 90 93 -3.2 $224,250 $222,500 0.8
Haliburton 19 17 11.8 $182,500 $207,500 -12.0
Orillia 64 78 -17.9 $240,000 $238,500 0.6
Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
October 2015 October 2014 Year-over-year
percentage
change		 October 2015 October 2014 Year-over-year
percentage
change
Muskoka 100 88 13.6 $420,000 $426,000 -1.4
Haliburton 43 36 19.4 $328,000 $335,000 -2.1
Orillia 15 31 -51.6 $370,000 $439,000 -15.7

 

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.