THE BLOG

Everything You Need to Know About Living Up North

JUST ADDED

cottage in Parry Sound area

Parry Sound Real Estate | January 2024 Update

The latest statistics from The Lakelands Association of Realtors® for January 2024 are out, shedding light on the current state of real estate in Parry Sound. While it’s important to note that the first quarter typically sees slower activity in both home and cottage sales, the data hints at evolving trends that warrant attention. Despite the challenges posed by low sales volumes, particularly in Muskoka, there are notable shifts occurring in the market.

The charts to the right cover most of Ontario’s cottage country including Parry Sound, Muskoka, Halliburton and the Kawarthas. The trends are to hard to see and seem to be accelerating into the fourth quarter of 2023 and the start of 2024.

 

Cottage Sales under $3,000,000

Key Insights:

1. Diverging Trends in Cottage Sales:

The graphs illustrates a notable downturn in sales, especially in lower price ranges across most of cottage country including Parry Sound and Georgian Bay.
However, luxury waterfront properties priced above $3,000,000 are either holding steady or experiencing gains, showcasing resilience in this segment. Luxury cottages in this space would most often be found on Lake Joseph or Georgian Bay in the Parry Sound area.
The tale of two markets can largely be attributed to interest rate shock having a far greater effect on people buying cottages at lower price points.

2. Decline in Waterfront Property Sales:

Only 23 waterfront properties were sold across the entire real estate board in January, marking a 23.3% decline from the previous year and a significant 45% drop compared to the 10-year average.…

What would you like to read about?

Lake Wahwashkesh, Parry Sound

Parry Sound Real Estate – November 2023 Update

In November 2023, the MLS® System recorded 256 residential non-waterfront sales in the Lakelands region, marking a significant 17.2% decrease from the corresponding period in 2022. The sales activity for residential non-waterfront properties stood at 35.7% below the five-year average and 36.9% below the 10-year average for the month of…

Sue Jamison at Georgian Nordic, Parry Sound

GEORGIAN NORDIC OUTDOOR ACTIVITY CENTRE

THE SNOW HAS ARRIVED AND THE TRAILS ARE CALLING! Is anyone else super pumped that the snow is on the ground and some of our favourite cross country ski trails are open even before the chubby guy in the red suit makes his appearance ? Winter has arrived here in…

Neighick Lake, Magnetawan

Why Now might not be the time to buy a Cottage in Parry Sound

Several weeks ago, I penned an article delving into the Parry Sound cottage real estate market. My motivation was simple-I wanted to empower clients with data, allowing them to make decisions grounded in reality rather than emotion. The realm of buying or selling a cottage often becomes an emotional journey;…

Lake Wahwashkesh, Parry Sound

Parry Sound Cottages Sales by Lake – 2023

When we are walking through a property to list a common question is "how many cottages have sold on our lake this year?" and "how does it compare to other lakes?". To this end we have compiled a comprehensive list of Parry Sound area lakes with sales numbers going back…

Blackstone Lake near Parry Sound

Parry Sound Real Estate | October 2023 Update

In October 2023, residential non-waterfront sales in the Lakelands region, as reported through the MLS® System, reached a total of 307 units, marking a significant decline of 16.3% compared to the corresponding period in 2022. These sales were notably 40.6% below both the five-year and 10-year averages for the month…

Neighick Lake, Magnetawan

Parry Sound Real Estate | 2024 Market Outlook – Waterfront & Residential

I approach this topic with a sense of humility and caution, fully aware that making predictions about the real estate market is often seen as a risky endeavor. I don't intend for my words to carry undue weight, as I've always been skeptical of such prognostications. However, I do believe…

Lake Manitouwabing, Parry Sound area

Parry Sound Real Estate | July 2023 Update

Let's take a closer look at what's happening in Parry Sound's real estate market, focusing on both residential and waterfront properties. In July 2023, the MLS® System painted a picture of 406 property sales, a notable increase of 24.9% from the same time in 2022. When it comes to regular…

365 North Pickerel Lake Rd

Burk’s Falls Waterfront Property for Sale – 365 North Pickerel Lake Road

M.L.S.®# 40469851 If you've ever dreamed about developing a riverfront property into a waterfront homestead then this might be exactly what you're looking for. With 175 picturesque acres and the Magnetawan River winding through it there are so many possibilites. There's about 50 cleared acres of fields & pasture sloping…

Lake Manitouwabing cottage

Parry Sound Real Estate | June 2023 Update

Welcome to our Parry Sound Real Estate Market Update! In June 2023, the MLS® System recorded a total of 490 residential non-waterfront sales in the Lakelands region, marking an impressive 23.7% increase compared to the same period in 2022. Although residential non-waterfront sales were 17.2% below the five-year average and…

Lake Manitouwabing near Parry Sound

Parry Sound Real Estate – June 2023 Update

The real estate market in the picturesque Parry Sound region displayed encouraging signs in June 2023. The following statistics are for the entire Lakelands Real Estate Board which includes the Parry Sound area. You can find their entire report for June 2023 here. Residential non-waterfront sales witnessed a noteworthy upswing…

Lake Manitouwabing cottage

Lake Manitouwabing Real Estate | Summer 2023

In the Parry Sound district, Lake Manitouwabing has always been one of the most popular lakes to purchase a cottage. Demand intensified during the pandemic and remains strong, particularly for year round lake homes as the "working from home" trend entrenched. Starlink has made high-speed internet challenges a thing of…

Lake Wahwashkesh, Parry Sound

Parry Sound Real Estate | Summer 2023

The Lakeland Real Estate Board recently released the May 2023 statistics, shedding light on the evolving dynamics of the local real estate market. As we closely monitor web traffic on our sites, it is evident that the number of property searches has significantly decreased compared to the peak of the…

Subscribe

WANT TO STAY UPDATED?

Sign Up For Automated Listings

Looking for that perfect home or property? Let us help you find it by simply answering some questions and then you will receive email updates any time there is a match! Unsubscribe at anytime.

finding-your-muskoka-logo_white
Looking to buy a cottage or home in the Parry Sound Area? Reach out and let us know what you're looking for!