Residential sales remain historically strong in June

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Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 261 units in June 2017. This was unchanged from year-ago levels and stood just five sales below the June record from 2015.

On a year-to-date basis, residential non-waterfront sales were running 11.7% above the first half of 2016. This was a record for the period.

Meanwhile, sales of waterfront properties came in 19% below last June’s record.

On a year-to-date basis, waterfront sales were down 3.6% from the first half of 2016. This was still the second highest level on record for this period.

“While sales in the region remain historically strong at this point, there was some early evidence in June that activity may be starting to come off the boil,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “Indeed that same trend was seen among a number of other markets skirting the outer edges of the Greater Golden Horseshoe in June.”

The median price for residential non-waterfront property sales was $295,000 in June 2017, an increase of 11.3% from June 2016.

The median price for waterfront sales was a record $549,900 in June 2017, rising 39.6% from June 2016.

The dollar value of all residential non-waterfront sales in June 2017 totalled $84.6 million, rising 13.8% from June 2016. This was a record for the month of June.

The total value of waterfront sales was $151.6 million, up 9% from June 2016. This was also a record for the month of June.

Summary – Sales by Housing Type
Category June 2017 June 2016 Year-over-year
percentage change
Non-Waterfront Residential 261 261 0
Waterfront 200 247 -19.02834008
Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Summary – Median Price by Housing Type
Category June 2017 June 2016 Year-over-year
percentage change
Non-Waterfront Residential 295000 265000 11.320754717
Waterfront 549900 394000 39.568527919
Includes transactions in all areas recorded by Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®

 

Detailed – Non-Waterfront Residential Sales and Median Price by Area
Non-Waterfront Residential
By Area Unit Sales Median Sale Price
June 2017 June 2016 Year-over-year
percentage
change
June 2017 June 2016 Year-over-year
percentage
change
Muskoka 146 128 14.0625 282600 242000 16.77686
Haliburton 21 19 10.52632 242000 215000 12.55814
Orillia 92 114 -19.2982 337500 293750 14.89362
All Other Areas 2 0 382500 0
Note: A percentage change of — indicates there were no sales in the same month one year ago.
Detailed – Waterfront Sales and Median Price by Area
Waterfront
By Area Unit Sales Median Sale Price
June 2017 June 2016 Year-over-year
percentage
change
June 2017 June 2016 Year-over-year
percentage
change
Muskoka 131 149 -12.0805 638000 439000 45.3303
Haliburton 55 64 -14.0625 425000 370000 14.86486
Orillia 14 34 -58.8235 502250 444250 13.05571
All Other Areas 0 0 0 0
Note: A percentage change of — indicates there were no sales in the same month one year ago.

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