Here are the numbers…
It’s no surprise that with low mortgage rates, high fiscal spending and the ability to work from home, 2021 real estate is off to a strong start here in Muskoka. Properties are selling fast, in multiple offers for well over ask, buyers are frustrated. You could call what we’re experiencing a buyer frenzy. Staying educated, getting pre-approved and knowing what you want is the best advice I have for buyers right now, there is light at the end of the tunnel!
Now is the time to sell, if you have a plan or somewhere to go. Plain and simple. Speak with your Realtor to strategize, it will pay off.
Average sales prices are up 19%-54% across the board, as well as sold to listing prices are over 100% in each of our marketplaces. Reduced days on market and exponentially higher unit sales year over year show no sign of slowing down.
The statistics we see in January are something unexpected, especially considering it was just after the holidays. February is looking like it will shape up to be a phenomenal month for Real Estate here in Muskoka, stay tuned.