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Friday, 27 January 2017
The following article: Thinking of investing in a cottage on Lake Joseph or Lake Rosseau? is courtesy of http://ift.tt/1UMLJDD
Response to an email received earlier today. Hi Ted, Thank you for your inquiry into to a potential cottage purchase on Lake Rosseau or Lake Joseph. Interesting question - - What's the percentage increase in value compound yearly for a cottage of either of these lakes. I've included a number of graphs below to aid in determining if a cottage on Lake Joseph or Lake Rosseau is a good investment. Graph below shows the unit sales for both lakes, Rosseau at 55 and Joseph at 50 sale. Reasonable increase year over year and highest sales volume since at least 2006. Next is the average sale price and median sale price for Rosseau. There was one substantial sale over $10MM on Rosseau that really kicked up the average price for 2016. Same below for Joseph, but in this case the $10MM+ sale was in 2015, therefore we see average price dropping for 2016. Because of the swings in average sale price, I thought it would be best to combine both lakes to get more data and smoothen the graph. With more data, I suspect more accurate representation of the numbers. Below, I've included sales since 2000, rising steadily until the 2008 recession, but since has recovered nicely and surpassed the 2007 highs. I've calculated the compound percentage increase year-over-year and arrived at 5.75% for average price and 8.1% for the median price. Trendlines showing good growth and I see no reason for this not to continue this year. Finally for some idea of what price ranges are moving more than others. The chart below represents all cottage sales in Muskoka, not just for Joseph and Rosseau. Last year only one sale over $10MM. This sale, as mentioned earlier was on Lake Rosseau. Interesting to note the larger volume of sales for higher priced cottages, $3MM-$4MM almost doubled in unit sales year-over-year. Consistent increases in all higher price ranges. If you would like to have more details let me know. Warmest regards, John Aben Direct: 705-788-4770
Friday, 20 January 2017
The following post: 2016 Muskoka Real Estate Market, Year in Review was courtesy of Aben Team's Muskoka Real Estate Blog
2016 has proven to be a year of significant increases in the Muskoka real estate market, with double digit percentage growth in unit sales for Muskoka residential and recreational properties. Muskoka average sale prices have jumped 10.4% for recreational properties and 7.1% for residential.
Click http://ift.tt/2jHWxZ2 for a complete break-down.
Thursday, 12 January 2017
The article: Cottage Life Show - March 31-April 2, 2017 was sourced from http://ift.tt/1RYF2NU
Join the Aben Team
We are excited to annouce that we will once again have our own booth at the upcoming Spring Cottage Life Show at the International Centre, Toronto from March 31st - April 2nd, 2017,
If you are considering selling your Muskoka cottage this upcoming season, get in touch with us now so we can talk to you about how we'll showcase your Muskoka property for sale at the show. With thousands of potential buyers attending the show, it's exposure you can't afford to miss!
If you're considering buying a Muskoka cottage for sale this coming year, be sure to stop by and see us. We can share with you current and exclusive Muskoka real estate listings right from our booth.
We also look forward to seeing past and current clients. It's sure to be a great show with a lot of exciting things to see and learn about all things cottaging.
Stay tuned for booth location and floor plan!
Friday March 31st - 10am-8pm
Saturday April 1st - 9am-7pm
Sunday April 2nd - 10am-5pm