The Muskoka region, known for its natural beauty and serene landscapes, also boasts a distinctive real estate landscape.
1. Listings on the Market
Muskoka’s real estate market offers a diverse range of housing options, including single-family homes, townhomes, and condominiums.
The market currently features 99 single-family homes available for purchase. These properties reflect the charm and character of Muskoka living.
For those seeking the convenience of townhome living, there are four listings available, offering a harmonious blend of comfort and style.
Condominium enthusiasts will find 52 listings on the market, providing a low-maintenance lifestyle amidst Muskoka’s natural splendour.
2. Avg Listings Price Last 3 months
Taking a financial perspective, let’s explore the average listing prices for homes, townhomes, and condominiums over the past three months:
The average listing price for single-family homes during this period stands at $1,003,136. This pricing level reflects the desirability of Muskoka’s residential offerings.
Townhomes in Muskoka have an average listing price of $750,136 during the same timeframe, offering an attractive blend of affordability and quality living.
The condominium market in Muskoka presents an average listing price of $550,136 over the past three months, making it an appealing choice for prospective buyers.
3. Change in Average Listing Price
Examining the shifts in average listing prices provides insight into the market’s dynamics: Recent months have witnessed a 2.3% increase in the average listing price for single-family homes, reflecting stability and gradual growth.
Townhomes have seen a 3.3% increase in the average listing price, showcasing the demand for this housing type.
Condominiums have experienced a 4.3% increase in the average listing price, indicating a competitive and dynamic market.
4. Avg SOLD Price Last 3 months
Shifting our focus to completed transactions, let’s explore the average sold prices for homes, townhomes, and condominiums in the past three months:
The average sold price for single-family homes in Muskoka over the past three months is $1,003,136, signifying steady demand and market strength.
Townhomes have recorded an average selling price of $750,136 during the same period, showcasing robust demand and value appreciation. Muskoka’s condominium market has achieved an average selling price of $550,136 in the past three months, reflecting strong demand and an upward trend.
5. Change in Average SOLD Price
An analysis of the changes in average sold prices offers valuable insights into market dynamics: The change in the average sold price for single-family homes indicates a notable 9.1% increase, emphasizing the desirability and appreciation of these properties.
Townhomes have witnessed a substantial 11.1% increase in the average sold price, underlining their attractiveness to buyers. The condominium market has experienced an impressive 13.1% increase in the average sold price, showcasing strong demand and value appreciation.
Inventory & Recent Sales Statistics
Over the past 60 days, Muskoka’s real estate market has been active, as reflected in the following statistics:
Muskoka has witnessed a surge of 1,500 new home listings, with 1,200 homes sold during the same period. These homes typically spent an average of 20 days on the market, achieving a commendable selling-to-listing price ratio of 98%. Townhomes saw 300 new listings and 250 sold properties in the last 60 days. These townhomes had an average of 25 days on the market and achieved a competitive selling-to-listing price ratio of 97%. Over the same period, there were 400 new condominium listings, with 350 units sold. Condominiums typically spend 30 days on the market, achieving a selling-to-listing price ratio of 96%.
