Muskoka Lakes was Canada’s 337th most expensive suburb by listed median house price this month.
Muskoka Lakes, Ontario has a median house price of $549,000 when compiling all the home listings in Aug .
Ontario has the most amount of properties available to property investors, with Muskoka Lakes having 159th most in the province, out of a total of 1145.
Will prices rise across the next year in in Muskoka Lakes? There are a number of real estate indicators to consider.
In Muskoka Lakes, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
When looking across the province, Muskoka Lakes is the 194th most expensive in Ontario.
While the median for Ontario is $335,000 , which means that Muskoka Lakes’s median price is $52,400 a lot lower than the rest of the province.
Ontario has the second most amount of properties available to property investors, with Muskoka Lakes having 118th most in the province, out of a total of 196.
Can we guarantee how well Muskoka Lakes is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.