Summer. It’s here! The lakes are warming up, sunsets are glorious and for the first time in a long while it’s difficult to find a parking space on the main drag. Cottagers are back and there’s a general note of happiness in the air. Something we’ve missed for quite a while.
Real estate is active. No, it’s not as intense as the spring. But it’s still active. Just yesterday we were involved with a transaction on a small lake. Our buyers are happy. There were more than 10 offers and they prevailed. The sellers, who are leaving the lake for the last time, are happy too.
The sale gave us pause to look at what’s happened in the last 7 days in the area we service. 101 waterfront properties came to market. In the same time, 83 properties moved to ‘pending’, which means they sold firm. Some of those 83 may have been among the 101, but just as likely came to market the week before. Looking behind the curtain, of those 83, 24 moved to pending from ‘conditional’, which means more than a quarter of these sales probably transacted without competition.
When we look at prices achieved relative to asking, 38 of the 83 properties sold above ask by 1% or more. 31 sold at ask or just below. The remainder (14) sold more than 1% below ask. In the same week, 25 properties had price decreases. For many of them the decrease was less than 3%. The average length of time on market for those changing their price was about 20 days. A number of them had published offer dates and no body came to the party. The sellers were priced too high.
We have to put these numbers into context. Every summer, waterfront sales slow from the busy days of spring. People buying today usually won’t get possession until late July or August. Sales activity is less intense in summer. Many buyers have found their cottages already. That said, well priced property sells quickly in every price range throughout the season.
Some well priced property came to market this week. Take a look! Your dream might be among them. Questions? Info@rosskoka.com is where we are…
The ultimate 270 degree south facing view on Lake Muskoka – welcome to the lakehouse! This 8 bedroom, 4.5 bath cottage offers ultimate privacy with its large private waterfront with unobstructed views of the lake. Walk inside to a beautiful chefs kitchen sure to inspire the cook in you, large windows throughout bringing through the natural light and ample space for entertaining. The master wing allows for separation from the other bedrooms, complete with its own balcony for you to enjoy. Guests can choose from 4 bedrooms upstairs or 3 downstairs, a perfect space for family and children. A main floor office/library allows you a quiet space to work from the cottage. Outside is the ultimate retreat – if you’re an outdoor grill master, take advantage of the full outdoor kitchen including griddle, built in BBQ, pizza oven, fridge, sink & bar seating for the ultimate outdoor dining experience. Just steps down to the waterfront you will find the double slip boathouse with large new dock & big sun deck on top that offers you all day sun – the perfect spot to enjoy all summer long. Two additional bedrooms & a full bath can be found in the Bunkie, giving guests their own private hideaway! This property is close to the highway, marina, restaurants, enjoy all Muskoka has to offer! Click here for property listing details.
A must see! This compound has been owned by the same family for over 40 years! It is true that older properties have the best location. Boasting over 700 feet of wraparound shoreline, this family retreat gets the most spectacular panoramic views of both the sunrise & sunset, giving you extra hours of sunlight all summer long. This is a very easily accessible island, with a quick 2-minute boat ride to the Islander’s shared mainland parking and dock. From there you’re only a 10- minute drive to Huntsville’s amenities. 3 furnished cottages and an updated double slip boathouse with a new 2020 roof on the east side of the island. 1.175 acres of privacy for the whole family to roam and enjoy. White Cottage: “The Classic Muskoka” takes you back to simpler days. Originally 3 bedrooms on the main floor and an impressive loft bedroom overlooking the lake, bathroom with clawfoot tub, gorgeous stone fireplace, updated kitchen, and Muskoka room spanning the west side. This cottage is truly at the water’s edge. Primary Cottage: “The 70’s Viceroy” is constructed of solid cedar with full size windows. Walkout deck points you directly into the west for unbeatable evening sun, a wood-burning stove heats the 3 bed, 1 bath cottage on cool nights. A 2019 ‘On the Water’ designed Aluminum frame 35’x8′ dock provides swimming for all ages. Green Cottage: In between the 2 parent cottages, this traditional 2 bed 1 bath cottage provides a 2 tier walkout deck, and 3 piece bathroom, making it the perfect guest cabin. Pen Lake, at the East end of Huntsville’s 40 Mile lake chain is highly sought after, recognized for its fantastic sense of community with annual regattas and dances. The Pen Lake Association’s mission statement, gives peace of mind to property owners, “to preserve, protect, restore and improve the natural resources, water quality and environment of the Peninsula Lake watershed” Hills Island is equipped and ready for you to enjoy this summer! Click here for property listing details.
Welcome to the dream property you have been searching for! Located on prestigious and spring fed Turtle Lake, this brand new beachfront cottage and home features a tastefully designed open concept main floor that is perfect for the whole family’s entertainment. Walk out to the different deck areas or relax in the covered porch. Including 4 bedrooms, 2 stylish bathrooms and a luxurious master bedroom retreat with ensuite bathroom, walk-in closet and walk-out private balcony. Take a stroll to the 300 feet of very private sandy beach waterfront with surrounding mature forestry, beach volley ball court, new floating dock, and long stunning scenic Muskoka views of the lake. So many offerings come with this property including a beautiful bunkie, insulated ICF foundation, fresh landscaping, graded driveway, new septic and much much more. You don’t want to miss this turn key brand new cottage property, book your showing today! Click here for property listing details.
Simply stunning mature treed very private lot with hard golden rippled sand beach, MNR approved natural rock shoreline retaining wall, and expansive panoramic undisturbed views! Extensive nature stone walkways and patio areas (no lawnmower required), easy year round access off municipal dead end road with ample parking and a short drive to Haliburton Village and all amenities. Prestigious Drag Lake-cottage lot with 160′ frontage (adjacent vacant waterfront lot with bunkie available as a package – MLS #40129800) Neat and clean rustic 3 bdr cottage loaded in charm features: Cathedral beamed ceilings throughout, spacious bedrooms, living area with large picture window overlooking the lake and a wood airtight stove, screened Haliburton room, large deck area, new insulated 26′ x 24′ garage with loft area, oversized 4 bedroom approved septic, water filtration system, 200 amp hydro service, insulated metal roof, stone waterfall/pond feature plus loads more! Must be seen/felt to be truly appreciated. A rare gem offering with a 56 year family ownership. Click here for property listing details.
Questions? Ready to take a look? Info@rosskoka.com is where we are…
Lucy & Ross