Non-waterfront Residential
Lakelands West
Non-waterfront residential property sales in the Lakelands West region numbered 400 units in the third quarter of 2024, slowing 5% 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 6.7 at the end of the third quarter of 2024, up slightly from the 6.6 months recorded at the end of the third 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 third quarter of 2024 than they had a year earlier.
The median number of days on market for sold non-waterfront properties was 40 in the third quarter of 2024, up from 31 days in the third quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands West region edged down 2.5% on a year-over-year basis to $687,500 in the third quarter of 2024.
Lakelands Central
Non-waterfront residential property sales in the Lakelands Central region numbered 457 units in the third quarter of 2024, slowing 7.1% 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 6.4 at the end of the third quarter of 2024, up from the 5.6 months recorded at the end of the third 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 third quarter of 2024 than they had a year earlier.
The median number of days on market for sold non-waterfront properties was 28 in the third quarter of 2024, up slightly from 24.5 days in the third quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands Central region edged up 3.4% on a year-over-year basis to $675,000 in the third quarter of 2024.
Lakelands North
Non-waterfront residential property sales in the Lakelands North region numbered 284 units in the third quarter of 2024, an increase of 10.1% 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 5.7 at the end of the third quarter of 2024, up from the 5 months recorded at the end of the third 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 third quarter of 2024 than they had a year earlier.
The median number of days on market for sold non-waterfront properties was 36 in the third quarter of 2024, up from 28 days in the third quarter of 2023.
The median sale price for non-waterfront residential properties in the Lakelands North region was down 5.2% on a year-over-year basis to $590,000 in the third quarter of 2024.
Waterfront
Lakelands West
Waterfront property sales in the Lakelands West region numbered 27 units in the third quarter of 2024, down significantly 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 18.1 at the end of the third quarter of 2024, up from the 7.5 months recorded at the end of the third 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 third quarter of 2024 than they had a year earlier.
The median number of days on market for sold waterfront properties was 54 in the third quarter of 2024, up from 28 days in the third quarter of 2023.
The median sale price for waterfront properties in the Lakelands West region fell 26.8% on a year-over-year basis to $860,000 in the third quarter of 2024.
Lakelands Central
Waterfront property sales in the Lakelands Central region numbered 71 units in the third quarter of 2024, up nine sales 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 8 at the end of the third quarter of 2024, down slightly from the 8.2 months recorded at the end of the third 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 tighter market, waterfront properties spent more time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold waterfront properties was 37 in the third quarter of 2024, up slightly from 33.5 days in the third quarter of 2023.
The median sale price for waterfront properties in the Lakelands Central region was up 8% on a year-over-year basis to $1,115,000 in the third quarter of 2024.
Lakelands North
Waterfront property sales in the Lakelands North region numbered 292 units in the third quarter of 2024, up two 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 6 at the end of the third quarter of 2024, down from the 7.1 months recorded at the end of the third 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 tighter market, waterfront properties spent more time on the market in the third quarter of 2024 than they had a year earlier.
The median number of days on market for sold waterfront properties was 44 in the third quarter of 2024, up from 28 days in the third quarter of 2023.
The median sale price for waterfront properties in the Lakelands North region decreased by 15% on a year-over-year basis to $808,750 in the third quarter of 2024.
