The first quarter of 2020 showed a positive start to the year for waterfront sales. There was a total of 25 sales which, is an increase of 47% since 2019 within the areas that we have been reporting for the past 11 years which include:
Due to COVID-19, sales of all types of real estate has dropped significantly. We anticipate the waterfront market to have a slow resurgence in the Fall and into the first quarter of 2021. We do forecast an active market, as more and more buyers see recreational and country properties as a 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.)
Summary Of First Quarter Average Sale Price
2019 Avg. Sale Price
2020 Avg. Sale Price
Summary Of First Quarter Total # Of Sales
Georgina experienced the highest number of sales with 8 waterfront properties sold in the first quarter. The average price increased by 24%.
Beaverton had 2 sales during the first quarter 2020. There were no sales for the same period in 2018 and 2019.
Oro-Medonte’s average sold price dipped below the other Areas for the first time since 2009, when we started reporting waterfront data.
Ramara reported the same number of sales in 2020 however, the average sold price is down by 11%.
The average sold price for all the Areas remained unchanged since 2019.
If you would like to obtain a copy of our full report, please email us at Roxanne@ChestnutPark.com or call at 289-338-0767.
All data used in this report was obtained from The Toronto Real Estate Board & OnRegional.This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.This publication is not to be copied or duplicated without the express written permission of Roxanne Henderson.
Potted plants add vibrant touches of greenery in the enfilade that connects to the library 📚 🌿 •
interior design by Brian Covington
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