Residential Non-Waterfront Sales Activity Posts New Record in May 2017

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Residential non-waterfront sales activity recorded through the MLS system of Muskoka Haliburton Orillia – The Lakelands Association of Realtors numbered 298 units in May 2017. This was a new all-time record for residential non-waterfront sales, up 18.7% from last May.

On a year-to-date basis, residential non-waterfront sales were running 15.2% above the first five months of 2016. This was also a record for the period.

Meanwhile, sales of waterfront properties came in just two sales below last May’s record.

On a year-to-date basis, waterfront sales were up 2.9% from the first five months of 2016. This was the highest level on record for this period.

The median price for residential non-waterfront property sales was $335,000 in May 2017, an increase of 30.6% from May 2016.

The median price for waterfront sales was $522,500 in May 2017, rising 24.4% from May 2016.

The dollar value of all residential non-waterfront sales in May 2017 totalled $101.2 million, jumping 43.3% from May 2016.

The total value of waterfront sales was $164.2 million, up 1.2% from May 2016.

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