When selling
both residential homes and cottages in Muskoka, people often ask us about the
Real Estate market: What are waterfront properties prices doing?
How strong is the housing market in Gravenhurst? Well sometimes we have to
look at the big picture. Statistics for the first Quarter
Home sales for the area served by the Muskoka & Haliburton
Association of REALTORS® are above year-ago for a third
consecutive quarter in the first quarter of 2012! http://creastats.crea.ca/musk/mls_stats.htm
Home sales numbered 247 units in the first quarter of 2012, up five per cent
from one year earlier. Apart from commercial properties, there are two
main markets residential and recreational properties.
Sales in both markets were up from year-ago. Residential sales
increased by 7 percent, while recreational cottage sales were up
14 percent. There seems to be a flurry of movement now on the residential
front. It should be interesting to see the stats at the end of May. There are new
listings of homes coming on the market as well as an increase in
buying activity.
Regarding
Cottage properties , entry level is begin around $300K
on smaller lakes or rivers and go up to multiple millions on the
big lakes in Muskoka . While Waterfront unit sales are up in most
areas of Muskoka, it’s still early, however I anticipate this trend to
continue. With continued low interest rate and some steady
growth in the economy without a world economic crisis, home ownership
should remain a good investment!
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