Royal LePage has recently published their 2009 Royal LePage Recreational Property Report.
Muskoka:
According to the report the average price for waterfront properties on Lake Muskoka range from $450,000 to $1,350,000 and $875,000 to $3,280,000 on Lake Joseph. Inventory levels are expected to remain higher than they were last year. As a result, it is anticipated that there will be downward pressure put on prices.
Premiums are continued to be paid for the more desired four season waterfront cottages on larger lots. Aging Baby Boomers are placing increasing importance on the amenities that are found closer to the towns of Bracebridge and Gravenhurst.
Parry Sound:
The recent expansion of Highway 400 has lessened the amount of time to travel to the region. Parry Sound's recently opened hospital and the amenities that the town offers are increasing the area's desirability.
Typical waterfront properties range in average price from $200,000 to $400,000 which is virtually unchanged from 2008.
This Spring got off to a slower start than 2008, however, activity has increased as we moved into Summer.
The opinions expressed on this page are those of the authors and do not necessarily reflect those of Coldwell Banker S.W.E. Heritage Real Estate Ltd., Brokerage
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