April 2021

Found 1 blog entry for April 2021.

Much like the rest of Ontario, the Muskoka region is sitting in a pronounced seller’s market. With a surge of buyers and historically low inventory, multiple offers and above-asking sale prices have become the norm.

The Muskoka residential real estate market saw a 21% increase in unit sales in the first quarter (Q1) of 2021 with 161 sales compared to 133 in 2020. However, sales would have been significantly higher if more homes were available for sale. The average residential sale price also rose 62% to $685,984 in 2021. (Keep in mind that the sample size is still relatively small, so we expect these price increases to moderate as the amount of unit sales increases.)

The number of units sold over list price spiked, too. By the end of Q1, 46% of

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