Non-waterfront Residential
Lakelands West
Non-waterfront residential property sales in the Lakelands West region numbered 307 units in the first quarter of 2024, up 10 sales compared to the same quarter in 2023.
The Lakelands West region covers the areas of The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, and Wasaga Beach.
Months of inventory numbered 6.8 at the end of the first quarter of 2024, up from the 4.5 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, non-waterfront properties spent more time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for non-waterfront properties was 40 in the first quarter of 2024, up from 29 days in the first quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands West region edged up 1.4% on a year-over-year basis to $715,000 in the first quarter of 2024.
Lakelands Central
Non-waterfront residential property sales in the Lakelands Central region numbered 342 units in the first quarter of 2024, declining 12.3% from the same quarter in 2023.
The Lakelands Central region covers the areas of Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, and Tiny.
Months of inventory numbered 4.3 at the end of the first quarter of 2024, up from the 2.6 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, non-waterfront properties spent more time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for non-waterfront properties was 29 in the first quarter of 2024, up from 22 days in the first quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands Central region edged up 2.3% on a year-over-year basis to $665,000 in the first quarter of 2024.
Lakelands North
Non-waterfront residential property sales in the Lakelands North region numbered 191 units in the first quarter of 2024, an increase of 25.7% compared to the same quarter in 2023.
The Lakelands North region covers the areas of Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, and Parry Sound.
Months of inventory numbered 4.7 at the end of the first quarter of 2024, up from the 3.8 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, non-waterfront properties spent more time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for non-waterfront properties was 34 in the first quarter of 2024, up from 21 days in the first quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands North region edged up 1.6% on a year-over-year basis to $625,000 in the first quarter of 2024.
Waterfront
Lakelands West
Waterfront property sales in the Lakelands West region numbered 27 units in the first quarter of 2024, up 11 sales compared to the same quarter in 2023.
The Lakelands West region covers the areas of The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, and Wasaga Beach.
Months of inventory numbered 7.9 at the end of the first quarter of 2024, down from the 9 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, waterfront properties spent less time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for waterfront properties was 57 in the first quarter of 2024, down slightly from 60 days in the first quarter of 2023.
The median sale price for waterfront properties in the Lakelands West region posted a large increase of 41.2% on a year-over-year basis to reach $1,250,000 in the first quarter of 2024.
Lakelands Central
Waterfront property sales in the Lakelands Central region numbered 33 units in the first quarter of 2024, down one sale compared to the same quarter in 2023.
The Lakelands Central region covers the areas of Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, and Tiny.
Months of inventory numbered 7.5 at the end of the first quarter of 2024, up from the 4.7 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, waterfront properties spent more time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for waterfront properties was 29 in the first quarter of 2024, up slightly from 27.5 days in the first quarter of 2023.
The median sale price for waterfront properties in the Lakelands Central region decreased by 15.1% on a year-over-year basis to $891,000 in the first quarter of 2024.
Lakelands North
Waterfront property sales in the Lakelands North region numbered 85 units in the first quarter of 2024, up six sales compared to the same quarter in 2023.
The Lakelands North region covers the areas of Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, and Parry Sound.
Months of inventory numbered 9.5 at the end of the first quarter of 2024, up from the 6.1 months recorded at the end of the first quarter of 2023.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Despite a more balanced market, waterfront properties spent less time on the market in the first quarter of 2024 than they had a year earlier.
The median number of days on market for waterfront properties was 29 in the first quarter of 2024, down from 36 days in the first quarter of 2023.
The median sale price for waterfront properties in the Lakelands North region was up 7.5% on a year-over-year basis to $910,000 in the first quarter of 2024.
