Muskoka real estate market, with its stunning natural backdrop, offers an array of homes and condos for those seeking a tranquil lifestyle. The substantial increase in average listing and selling prices for homes indicates the city’s desirability among buyers and investors. The condo market remains stable and affordable, making Muskoka an attractive destination for a variety of real estate interests.
1. Listings on the Market:
Muskoka, a picturesque city known for its stunning natural beauty, presents its unique real estate trends. Here’s an overview of the current real estate landscape in Muskoka, covering homes, townhomes, and condos:
Muskoka currently has 263 homes listed on the market, offering potential homeowners a selection of beautiful properties.
There are currently no townhome listings available in Muskoka, which is in line with the city’s residential character.
Muskoka features 19 condo listings, providing a low-maintenance living option for those seeking a serene lifestyle.
2. Average Listing Price in the Last Month:
The average listing price for homes in the last month was $1,911,667, reflecting the desirability of Muskoka’s real estate.
As there are no townhome listings, the average listing price is not applicable in this segment.
The average listing price for condos in the last month was $849,000, making condos an affordable choice for those seeking a tranquil living experience.
3. Change in Average Listing Price:
Muskoka has experienced a substantial 33.1% increase in the average listing price for homes over the last month, indicating a strong demand and potential investment opportunities.
As there are no townhome listings, the change in the average listing price is not applicable in this segment.
Condos have seen a modest 2.5% increase in the average listing price over the last month, showcasing stability in this market.
4. Average SOLD Price in the Last Month:
Homes in Muskoka have sold at an average price of $1,900,000 in the last month, reflecting the robust demand and increasing property values.
As there are no townhome listings, the average sold price is not applicable in this segment.
Condos in Muskoka have sold at an average price of $875,000 in the last month, indicating a steady market.
5. Change in Average SOLD Price:
The average sold price for homes has shown a significant 263.2% increase over the last month, emphasizing the city’s strong real estate market.
As there are no townhome listings, the change in the average sold price is not applicable in this segment.
Condos have experienced a 1.3% increase in the average sold price, highlighting consistency and predictability in this segment.
Inventory & SOLD Statistics:
In the last 30 days, Muskoka has seen 263 new home listings and 63 homes sold. The average days on the market for homes was 49 days, with a selling-to-listing price ratio of 99.4%.
As there are no townhome listings, the statistics for townhomes are not applicable.
There were 19 new condo listings and 12 condos sold in the last 30 days. Condos had an average of 45 days on the market, with a selling-to-listing price ratio of 102.7%.
