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Lake of Bays Market Watch as of May 29 2018

Blog by Susan Brown | May 29th, 2018

As of today May 29 2018 there are only 40 active cottage/recreational listings on the MLS® for the Lake of Bays, and 28 of those properties are listed at over $1m.

Forty listings is not a lot for Lake of Bays and we're hoping now that the weather is feeling more like summer, more will come onto the market.

Year to date Sold properties (through the MLS®) as of May 29 2018 number only 12.  Last year at this time there had been 23 sales (total sales for 2017 were
63 cottage sales on Lake of Bays).

Year to date Sold properties on Lake of Bays in 2016 were 13, but for the entire year there were 73 sales.  Going back even further, in 2015 by May 29 there had been 12 sales and the year's total was 51 sales.

These sales are for Cottage properties listed on the Multiple Listing Service (MLS®).  The good news is that most of the sales on Lake of Bays historically happen
from June 1 onward so hopefully we'll see the market pick up. Because of the lack of listings this year it's a great time to think about selling. Prices are up from last year, in most cases prices are up a lot.

If you'd like to chat about the market or are thinking of selling your Lake of Bays or Huntsville property I can be reached anytime at 705-788-4176 or by email at s
susanbrown@vianet.ca  (all statistics are from The Lakelands Real Estate Board through our local MLS® system).  I think you might be pleasantly surprised at the
value of your Huntsville/Lake of Bays property.