Kearney, Ontario - Market Update 2017

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- In 2017, the Muskoka real estate market experienced a shortage of listings, with only 69 new waterfront properties and 52 sales, resulting in a 75.36% sale to list ratio. This indicated a seller's market. - In a seller's market, there are fewer properties for sale than buyers, with most buyers relocating from Southern Ontario. Sellers have the advantage of potentially increasing prices. - Non-waterfront properties also saw low listings (58 new) and sales (41), resulting in a 70.69% sale to list ratio and continued seller's market conditions.

Real Estate

www.northmuskoka-realestate.com
During the year to December 31st, 2017, the market experienced an extreme shortage of listings with
only 69 new waterfront residential properties & 52 sales resulting in a sale to list ratio of 75.36%. In
2016 there were a total of 92 new properties listed & 65 sales with a sales to list ratio of 70.65%. Both
2017 & 2016 indicated a Sellers Market.
In a seller’s market, there are fewer available properties for sale to a larger pool of buyers with the
majority relocating from the Golden Triangle area of Ontario.
The advantage goes to the seller in a seller’s market – typically home prices will rise as buyers are
quick to make an offer to secure the property; sometimes buyers will compete for a property, driving
the price above expectations. This was experienced in the Spring of 2017 because of the inflated
market in the GTA.
Breakdown of sales are:
Under $300k 16 15 2 beds
$301k to $400k 9 23 3 beds
$401k to $500k 10 14 4+ beds
$501k to $600K 5
$601k to $700k 5
$701k to $800k 2
$801k to $900k 3
$901k to $1m 1
$1.3m to $1.4m 1

www.northmuskoka-realestate.com
During the year to December 31st, 2017, the market experienced an extreme shortage of listings with only 58
new non-waterfront residential properties & 41 sales resulting in a sale to list ratio of 70.69%. In 2016 there
were a total of 71 new properties listed & 57 sales with a sales to list ratio of 80.28%. Both 2017 & 2016
indicated a Sellers Market. In a seller’s market, there are fewer available properties for sale to a larger pool of
buyers with the majority relocating from the Golden Triangle area of Ontario.
The advantage goes to the seller in a seller’s market – typically home prices will rise as buyers are quick to make
an offer to secure the property; sometimes buyers will compete for a property, driving the price above
expectations. This was experienced in the Spring of 2017 because of the inflated market in the GTA.
Breakdown of sales are:
Under $300k 15 11 2 beds
$301k to $400k 4 11 3 beds
$401k to $500k 5 6 4+ beds
$501k to $600K 1
$601k to $700k 2
$801k to $900k 1

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The Institute for Luxury Home Marketing produced this report. It provides an in-depth look at the top residential markets across the United States and Canada. “This “sudden” upward shift of inventory has already started the rumor that the housing market is ready to burst its bubble – and indeed, some highly inflated markets and overpriced properties may well be impacted – but most experts acknowledge that this is simply the market finally starting to cool.”

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Kearney, Ontario - Market Update 2017

1. Kearney Market Update North Muskoka Real Estate Ltd-705-783-9366 2017 www.northmuskoka-realestate.com

2. www.northmuskoka-realestate.com

3. www.northmuskoka-realestate.com

4. www.northmuskoka-realestate.com

5. www.northmuskoka-realestate.com During the year to December 31st, 2017, the market experienced an extreme shortage of listings with only 69 new waterfront residential properties & 52 sales resulting in a sale to list ratio of 75.36%. In 2016 there were a total of 92 new properties listed & 65 sales with a sales to list ratio of 70.65%. Both 2017 & 2016 indicated a Sellers Market. In a seller’s market, there are fewer available properties for sale to a larger pool of buyers with the majority relocating from the Golden Triangle area of Ontario. The advantage goes to the seller in a seller’s market – typically home prices will rise as buyers are quick to make an offer to secure the property; sometimes buyers will compete for a property, driving the price above expectations. This was experienced in the Spring of 2017 because of the inflated market in the GTA. Breakdown of sales are: Under $300k 16 15 2 beds $301k to $400k 9 23 3 beds $401k to $500k 10 14 4+ beds $501k to $600K 5 $601k to $700k 5 $701k to $800k 2 $801k to $900k 3 $901k to $1m 1 $1.3m to $1.4m 1

6. www.northmuskoka-realestate.com

7. www.northmuskoka-realestate.com

8. www.northmuskoka-realestate.com

9. www.northmuskoka-realestate.com

10. www.northmuskoka-realestate.com

11. www.northmuskoka-realestate.com During the year to December 31st, 2017, the market experienced an extreme shortage of listings with only 58 new non-waterfront residential properties & 41 sales resulting in a sale to list ratio of 70.69%. In 2016 there were a total of 71 new properties listed & 57 sales with a sales to list ratio of 80.28%. Both 2017 & 2016 indicated a Sellers Market. In a seller’s market, there are fewer available properties for sale to a larger pool of buyers with the majority relocating from the Golden Triangle area of Ontario. The advantage goes to the seller in a seller’s market – typically home prices will rise as buyers are quick to make an offer to secure the property; sometimes buyers will compete for a property, driving the price above expectations. This was experienced in the Spring of 2017 because of the inflated market in the GTA. Breakdown of sales are: Under $300k 15 11 2 beds $301k to $400k 4 11 3 beds $401k to $500k 5 6 4+ beds $501k to $600K 1 $601k to $700k 2 $801k to $900k 1

12. www.northmuskoka-realestate.com

Kearney, Ontario - Market Update 2017

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