You might be wondering what’s happening in the real estate market in Haliburton these days…so, here’s a brief snapshot of what we’re seeing for numbers and trends.
The average cottage price has risen 5% since 2010. Compared to last year (2012), the prices have remained stable (down just 1%) however, the volume of sales are down 8% from this time last year. What does all of this mean? We have weathered the recession fairly well and should only be encouraged about the future of the growth of this sector in the Haliburton market.
On the residential front, the average sale price is down 9% from 2010, with almost all of that drop in this current year. The volume of sales in this sector is also down about 5% from last year. Although this market segment is struggling more than the cottage market, it is still a viable area with great potential as boomers look to relocate from cottage homes to town homes.
What does all of this mean for the future? Real Estate properties continue to be a solid investment. While the market does have some ups and downs, overall it continues to hold its own against the volatility of other investment vehicles.
It’s a great time to buy real estate in Haliburton County!
Statistics have been complied from data obtained from The Lakelands ~ MLS system for the area of Haliburton County as of September 13, 2013.