Muskoka Real Estate - Sales Statistics For Muskoka
We all find news reports about real estate attention grabbing yet, unless we live in the large urban centres the information reported is irrelevant to us and the value of our own property.
It is so easy to listen to a report about competing offers and sales above asking price and get all excited. But is that what is really happening? Or is it a micro view of one or two neighbourhoods in Toronto or Vancouver? And is an over asking price offer really an indication of increasing values or a strategy or the Listing REALTOR and Seller to gather up offers by undervalue pricing in the first place!
More important information for a property owner thinking of selling is the median price of a home or cottage, similar to theirs, in their immediate area. The number of active listings to sales and the number of days on the market are also important and useful in the decision making process.
The Muskoka real estate market place alone is divided into several distinct regions as well as property types. One set of numbers cannot possible give a picture of the current market. In addition the economy of a region plays a significant role in the levels of activity and the speed of recovery after a cool down. A lot of the sales in our region are sales of recreational property and it should be expected that recreational sales, as discretionary would not recover as quickly as residential sales.
At Royal LePage Lakes of Muskoka we try to offer to our clients and customers timely and relevant information about market conditions including sales statistics for Muskoka. It is part of how we strive to serve you and we hope you find the information in our report useful. You can download a copy of our report here and remember if you have any questions please contact us we are most happy to answer them.