February Sales

Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 130 units in February 2016, were up 23.8 per cent from February 2015. This was just one sale short of the February record set in 2004.

Sales of waterfront properties rose by 2.6 per cent year-over-year to reach 39 units in February 2016. This was the highest February level since 2002.

“Demand for both waterfront and non-waterfront properties remained strong in February, with sales figures for both coming in at their highest levels in over a decade,” said Tom Wilkinson, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “As per usual at this time of the year, lower winter sales volumes, particularly for waterfront properties, are playing havoc with average and median price measures.”

The median price for residential non-waterfront property sales was $225,500 in February 2016, up 0.2 per cent from February 2015.

The median price for waterfront sales was $310,500 in February 2016, down 16.6 per cent from February 2015.

The dollar value of all residential non-waterfront sales in February 2016 totalled $31.7 million, up 29.9 per cent from February 2015. This was the highest dollar volume of any February on record.

The total value of waterfront sales was $20 million, down eight per cent from February last year.

Summary – Sales by Housing Type
Category February 2016 February 2015 Year-over-year
percentage change
Non-Waterfront Residential 130 105 23.8
Waterfront 39 38 2.6
Includes transactions in all areas recorded by the REALTORS® Association of Ontario Lakelands

 

Summary – Median Price by Housing Type
Category February 2016 February 2015 Year-over-year
percentage change
Non-Waterfront Residential $225,500 $225,000 0.2
Waterfront $310,500 $372,500 -16.6
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
February 2016 February 2015 Year-over-year
percentage
change
February 2016 February 2015 Year-over-year
percentage
change
Muskoka 58 46 26.1 $190,000 $205,000 -7.3
Haliburton 8 9 -11.1 $181,250 $185,000 -2.0
Orillia 62 34 82.4 $259,900 $214,950 20.9

 

Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
February 2016 February 2015 Year-over-year
percentage
change
February 2016 February 2015 Year-over-year
percentage
change
Muskoka 27 22 22.7 $310,500 $387,500 -19.9
Haliburton 4 11 -63.6 $228,500 $225,000 1.6
Orillia 8 6 33.3 $387,500 $359,750 7.7

 

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.

Dagmar Boettcher

Dagmar Boettcher

Broker
CENTURY 21 Granite Realty Group Ltd., Brokerage*
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