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:

  • Georgina
  • Innisfil
  • Oro-Medonte
  • Orillia
  • Ramara
  • Beaverton

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

AREA2019 Avg. Sale Price2020 Avg. Sale Price% Change
Georgina$934,875$1,156,70024%
BeavertonNo sales$744,000– 
Orillia$937,500$1,175,70025%
Oro/Medonte$1,687,500$1,118,125-33%
Innisfil$1,371,333$1,247,643-9%
Ramara$822,333$733,333-11%

Summary Of First Quarter Total # Of Sales

AREA2019 Sales2020 Sales% Change
Georgina85-37.5%
Beaverton02200%
Orillia15+400%
Oro/Medonte24100%
Innisfil36100%
Ramara33nil

Commentary

  • 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.

More Information

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.


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