The 2017 Real Estate Market was very active and the 2017 Year End results are now available for us to share with you. Overall, the average price on Lakes Muskoka, Rosseau and Joseph were up by 17% over 2016 sales. The average price in 2016 on Lakes Muskoka, Rosseau and Joseph was $1,651.984 whereas in 2017 the average sale price was $1,937.960.
Our sales data for 1 to 2 million dollar properties show 79 sales in 2016 versus 87 in 2017. In the 2 to 3 million dollar properties, sales were down in 2017 with 37 sales in 2016 and 28 in 2017. The sales data in the 4 to 5 million dollar range show 7 sales in 2016 and a dramatic increase to 16 sales in 2017.
A long term view from 2008 to 2016 shows a healthy annual increase of 3.7% per year. As Real Estate Waterfront Luxury Specialists, Sharon and George provide the guidance, knowledge and support to realize a positive outcome for both sellers and buyers. With over 40 years of experience, we've acquired a superior (level of) knowledge in the Muskoka Luxury Waterfront marketplace.
If you are thinking of selling this spring please give us a call for a confidential opinion of value. We would be pleased to help you determine if this is the right time to market and sell your waterfront property.