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Residential non-waterfront, waterfront sales set new January record

Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 92 units in January 2015. This was an increase of 39.4 per cent from January 2014 and marked the best month of January on record.

Sales of waterfront properties more than doubled from a year-ago to 40 units in January 2015. This was also the best January on record.“The non-waterfront and waterfront segments together set 10 new monthly sales records in 2014, and that trend continued in January 2015 with another two records, so we’ve had a very active to start the year,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®.

The median price for residential non-waterfront property sales was $217,500 in January 2015, unchanged from January 2014.

The median price for waterfront sales was $335,000 in January 2015, a decline of 11.8 per cent from January 2014. This measure suffers from increased volatility at this time of the year due to the small number of cottages that trade hands during the winter.

The dollar value of all residential non-waterfront sales in January 2015 totalled $21.7 million, rising 46.0 per cent on a year-over-year basis.

The total value of waterfront sales was $22.3 million, more than double levels in January 2014.


Summary – Sales by Housing Type
Category January 2015 January 2014 Year-over-year
percentage change
Non-Waterfront Residential 92 66 39.4
Waterfront 40 19 110.5
Includes transactions in all areas recorded by the REALTORS® Association of Ontario Lakelands
Summary – Median Price by Housing Type
Category January 2015 January 2014 Year-over-year
percentage change
Non-Waterfront Residential $217,500 $217,500 0.0
Waterfront $335,000 $380,000 -11.8
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
January 2015 January 2014 Year-over-year
percentage
change
January 2015 January 2014 Year-over-year
percentage
change
Muskoka 42 32 31.3 $237,000 $221,000 7.2
Haliburton 13 5 160.0 $145,000 $90,000 61.1
Orillia 32 26 23.1 $217,500 $218,000 -0.2
Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
January 2015 January 2014 Year-over-year
percentage
change
January 2015 January 2014 Year-over-year
percentage
change
Muskoka 27 9 200.0 $350,000 $307,500 13.8
Haliburton 6 5 20.0 $235,761 $525,000 -55.1
Orillia 6 5 20.0 $359,750 $440,000 -18.2

 

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.

 

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