Lake Simcoe Waterfront Report | 2020 1st Half Review
Despite a complete shutdown of the real estate market in March and April due to COVID-19, we are pleased to report that the first half of 2020 revealed a substantial increase in the number of waterfront sales compared to the same period in 2019. There was a total of 59 sales, which is an increase of 55% in the predominant market areas we have been monitoring and reporting on for the past 11 years which include:
Ramara experienced a 267% increase in the number of sales followed by Georgina reporting a 120% increase year-over-year. Sales of all types of real estate had dropped significantly during March and April however, since early May the market has rebounded.
We forecast a continuing active market as more and more buyers regard recreational and country properties as their sanctuary from urban areas most affected by the pandemic.
(NOTE: Our annual reporting only includes properties sold above $300,000 on Lake Simcoe/Lake Couchiching. Canal, island or riverfront sales are excluded from our analysis.)
Average Sale Price
2020 First Half (as @ June 30 2020)
2019 Avg. Sale Price
2020 Avg. Sale Price
Number of Sales
2020 First Half (as @ June 30 2020)
Ramara experienced the highest number of sales with 22 waterfront properties sold in the first half of the year. The average price increased by 9%.
Beaverton had 2 sales during the first half of 2020. The average price cannot be regarded as a relative statistic due to the low volume of sales.
Oro-Medonte’s average sold price is down by 15% however, sales volume increased by 75%. The highest sale price reported in Oro-Medonte was $4,625,000 and the lowest sale price was $749,000, which is 49.2% higher thanthe average low sale price of $502,000 of the other five areas included in our reporting.• The overall average sold price increased by 2% for all the Areas (excluding data for Beaverton) since 2019.
Innisfil’s data included 5 sales in the Friday Harbour Development. The average sale price is $1,483,440 and the median price is $940,200.
The Lake Simcoe waterfront market is extremely active with 116 active listings as @ June 30th.
There are 33 open listings in Innisfil with an average list price of $1,655, 891 and a median price of $1,530,000.
In Georgina there are 34 open listings with an average list price of $1,370,614 and a median price of $1,130,000.
All data used in this report was obtained from The Toronto Real Estate Board & OnRegional.This publication is not to be copied or duplicated without the express written permission of Roxanne Henderson.This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.
The pantry and baking station of quarantine dreams, designed by @jaimeeroseinteriors, built by @mcintyredevelopment, and shot by @isaacbaileyphoto. There are so many features tucked into this petite corner including: flour bins built into drawers, double ovens, a massive wine fridge, and cabinet doors that hide the mixer. What more could anyone need?
One of our favourite kitchens we’ve came across recently. This kitchen by @studiodearborn was awarded Best Kitchen Design at the @thenkba National Design Competition. Remarkable work.
There is something so classy about a deep-blue house. Whether it is nestled in the country or city, the striking shade works with nearly any style architecture.
photo @lauramossphotography •
#torontorealestate #christieshomes #homedecor #realestateagent #luxuryhomes #luxuryrealestate #mansion #luxuryhome #houseremodel #interiordesign #exteriordesign #hygge #dreamhome #mansions #kitchenerrealestate #christies #cottage #modernhome #interiordesign #historichomes #guelphrealestate #waterloorealestate #immobilier #capecodhome #internationalrealestate #shabbychic #architecture #bluehouse #milliondollarlisting #traditionalhome #homebeautiful...