Muskoka Lakes Real Estate Statistics

Muskoka Lakes Real Estate Price Trend
Muskoka Lakes real estate average sold price in the last 30 days (September 24 - October 23) was $619,580, which is $514,670 (83.1 %) lower than the average price of $1,134,250 in the previous 30 day period (August 25 - September 23), and $1,407,920 (227.2 %) down from the same period 1 year ago ($2,027,500). Muskoka Lakes real estate prices over the last 30 days are also $847,826 (136.8 %) lower than the average selling price of $1,467,406 over the past year.
Muskoka Lakes average sold price for homes was $619,580 in the last 30 days (September 24 - October 23), which is $514,670 (83.1 %) down from the average home price of $1,134,250 in the previous 30 day period (August 25 - September 23), and $1,407,920 (227.2 %) lower than the same period 1 year ago ($2,027,500). In the last 30 days Muskoka Lakes the average home price was $868,124 (140.1 %) lower than the average selling price of $1,487,704 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Muskoka Lakes real estate was $619,580 in the last 30 days (September 24 - October 23), which is collectively $22,760 (1.1 %) lower than the average asking price of $2,099,422. This represents a decline of $48,035 (190.0 %) compared to $25,275 (1.3 %) Sold-Over-Asking price from the previous 30 day period (August 25 - September 23).
The maximum Sold Over/Under Asking ratio in Muskoka Lakes during the last 12 months was recorded in July, 2021 with an average of $220,812 over the asking price, while the minimum occurring in November, 2020 with $291,950 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Muskoka Lakes was 55.6 % with 5 properties sold and 8 new properties listed in the past 30 days (September 24 - October 23). This represents an increase from 50.0 % recorded during the previous 30 day period (August 25 - September 23), and a decrease from 133.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Muskoka Lakes was 400.0 % recorded in November and the lowest was in December at 0.0 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 5 properties that were successfully sold in Muskoka Lakes in the last 30 days (September 24 - October 23) was 45 days, which is 38 days more than 7 days average in the previous 30 day period (August 25 - September 23) and 67 days shorter than during the same period a year ago (112 days).
There were 5 delisted properties in Muskoka Lakes, those that got either Expired, Suspended or Terminated over the last 30 days (September 24 - October 23) with an average of 82 days on the market. This is 17 days longer than the average of 65 days during the previous 30 day period (August 25 - September 23) and 82 days more compared to the same period last year average of 0 days on the market.
5 Muskoka Lakes properties that didn't sell stayed on the market 82.2 % longer than 5 that sucessfully sold over the last 30 days - 45 days when sold vs 82 days when delisted respectively.
Average Days on the Market in Muskoka Lakes over the past 12 months for properties that have sold was 36.0 days, with 48.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
9 new properties were listed on the market in Muskoka Lakes in the last 30 days (September 24 - October 23). During the same time 5 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 11.1 %).
During the previous 30 day period (August 25 - September 23) there were 8 new properties listed, 4 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 10 new properties listed, the slowest - December with 0 new listings and a yearly average of 5 new listings per month.
New Real Estate Listings by Property Type
There were a total of 8 homes listed during the last 30 days (September 24 - October 23), which is 88.9 % of all properties listed in Muskoka Lakes. This is a 0.0 % decline compared with a previous 30 day period (August 25 - September 23) and 166.7 % up from the same period a year ago. Over the past year an average of 4 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 5 homes sold during the last 30 days (September 24 - October 23), which is 100.0 % of all properties sold in Muskoka Lakes. This is a 25.0 % increase compared with a previous 30 day period (August 25 - September 23) and 25.0 % up from the same period a year ago. Over the past year an average of 4 homes are were sold per month.
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