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The median sale price for residential non-waterfront properties in Muskoka as of June 2024 was $645,000, which represents a decrease of 6.3% from June 2023. For waterfront properties, the median sale price in June 2024 was $1,165,000, showing a significant increase of 28.1% from June 2023.
Median Sale Price (Non-Waterfront)
Median Sale Price (Waterfront Homes)
Total Non-Waterfront Homes Sold
Total Waterfront Homes Sold
The Muskoka real estate market experienced mixed trends as of June 2024. For residential non-waterfront properties, the median sale price was $645,000, representing a 6.3% decrease from June 2023. In contrast, waterfront properties saw a sharp rise in value, with the median sale price reaching $1,165,000, a significant 28.1% increase year-over-year. The number of homes sold in Muskoka also saw a downturn, with 401 non-waterfront properties sold, marking a 17.7% decline, and waterfront sales dropped by 23.5%, with only 130 units sold. Despite these declines, the demand for Muskoka homes for sale remains high, and homes for sale in Muskoka are expected to move faster on the market, as indicated by the expected decrease in median days on market.
The Muskoka real estate market remains competitive despite recent fluctuations in prices and sales volume. While non-waterfront homes for sale in Muskoka saw a 6.3% drop in median sale price, waterfront properties surged by 28.1%, highlighting the strong demand for premium locations. The decline in total home sales—17.7% for non-waterfront and 23.5% for waterfront properties—suggests that buyers are becoming more selective, but the reduced inventory has kept competition strong, especially for high-end waterfront homes. Additionally, the expected decrease in median days on market signals that properties are selling quickly, further emphasizing the competitive nature of the Muskoka market, particularly for sought-after listings. Buyers seeking Muskoka homes for sale may face increased pressure, especially in the luxury segment.
From January to June 2024, there were 2,087 non-waterfront home sales in Muskoka, reflecting a moderate decline of 8.3% compared to the same period in 2023. In contrast, waterfront properties saw a slight increase in activity, with 523 units sold, up by 0.6% year-over-year. This suggests that while non-waterfront sales have softened, demand for waterfront homes remains resilient, maintaining steady growth despite broader market adjustments.
For detailed, up-to-date information on buying a house in Muskoka, ON, including legal considerations and market trends, you can talk to us.
When buying a waterfront home in Muskoka, it’s important to consider factors such as lake access, water quality, and property maintenance. Check the property’s shoreline for erosion or restrictions, and confirm whether it has private access or shared rights to the water. Ensure you understand local regulations related to waterfront properties, as they can affect development or usage. Waterfront homes for sale in Muskoka often come with higher maintenance due to weather conditions, so budgeting for upkeep is key.
Yes, financing options for Muskoka homes for sale are widely available. You can obtain a traditional mortgage for most residential properties, but if you’re purchasing a vacation or rental home, some lenders may have specific criteria, such as higher down payments or different interest rates. It’s wise to consult with local lenders who are familiar with Muskoka real estate, as they can offer tailored advice based on property type and location.
To find homes for sale in Muskoka that match your criteria, it’s recommended to work with a local real estate agent who knows the area well. They can guide you through different neighborhoods and help you identify properties within your price range. Online real estate platforms and the MLS® system also provide up-to-date listings, allowing you to filter by home size, price, and location, whether you’re looking for a primary residence or a vacation property.
To prepare your home for sale in Muskoka, focus on curb appeal and staging. Clean up the exterior, especially if you’re selling a waterfront property, and ensure the home looks well-maintained. Inside, declutter and stage key rooms like the kitchen and living areas to help buyers envision the space. Muskoka homes for sale often attract buyers looking for natural beauty, so emphasize any outdoor features such as patios, docks, or scenic views in your marketing materials.
Pricing your home for sale in Muskoka requires a careful look at comparable sales in your area, including both waterfront and non-waterfront properties. A local real estate agent can perform a comparative market analysis to help you set a competitive price. Remember that the unique features of Muskoka real estate, such as proximity to lakes or downtown areas like Huntsville or Bracebridge, can significantly impact your home’s value.
The best time to list Muskoka homes for sale typically aligns with the spring and summer months, as the area attracts vacationers and second-home buyers during this period. Listing in the warmer months allows your property to be showcased in its best light, especially if you’re selling a waterfront home where potential buyers will want to see the property’s outdoor amenities. However, with consistent demand, homes can sell year-round, depending on your goals and timing preferences.
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