Muskoka Real Estate August 2009 Statistics

The market continues to move upward, since June we have seen consumer confidence increasing with each month and I anticipate that September will be no different. Sellers have realized a stabilized market and buyers know this is there chance to buy at the lowest prices in a couple years.

Total Number of Sales and Total Sales Dollar Volume continue to increase, virtually at par with last years numbers and continuing to improve.

The average residential home price for Muskoka/Haliburton remains approximately 10% below last year and the buyers now know that this is the floor and time to buy. The SNL* (solds to new listing percentage) indicates that it's still a buyers market at 39% on average across Muskoka/Haliburton, this includes both residential and recreation properties. The residential market is showing more stability with an SNL of 45% and it's still a buyers market with recreational properties having an SNL of 33%.

Residential: new listings 2059, solds 934 = 45% -- balanced market

Waterfront: new listings 2415, solds 792 = 33% -- buyers market

*The SNL is calculated by the using solds and new listings for the past 12 months.

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