After a sales frenzy in spring and early summer, cottage country real estate
For the period of Jan. 1 to Sept 30, 2016 compared to Jan. 1 to Sept. 30, 2017, prices are up 30% and sales are down 41%.
Taking a wider sample, from Jan. 1 to Sept 30, 2016 compared to Jan. 1 to Sept. 30, 2017, prices are up 8.6% and sales are down 110%.
“Sales of both waterfront and non-waterfront properties have slowed from record levels this spring to more normal levels over the summer and fall, in line with trends seen across the Greater Golden Horseshoe region,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “That said, prices are up year over year on fewer sales, and months of inventory decreased again slightly over the previous month.”
**Numbers and data believed to be true and accurate at the time of writing. Data available is limited to property sales reported by the Canadian Real Estate Association, and excludes properties sold privately. Not intended to solicit those already under contract.