What is happening in the cottage country real estate market right now?? Well, it’s sending…
Market report June 2022
There were some big changes in the Haliburton Real Estate Market over the month of June!
The Average Waterfront sale price in Haliburton has come back up to slightly over 1M, up 25% from where it was in 2021, but the list to sale price percentage has officially dropped below 100% to 98%. Suggesting that we are now in more of a Buyer’s market. Days on market is still holding pretty strong at an average of 19 and inventory is still extremely low at 36 properties sold, 33 properties less than June of 2021.
For this first time Since 2020 we are seeing the residential side of the market sit in a completely different position from the Waterfront. With the lowest average sale price in 2 years of $395,595, down 20% from June of 2021. However, the precent of list price is still holding strong at 103% leaving the residential market in more of a Seller’s market. Average days on the market is holding at 20 and units are down only 7 from last year at 26.
So, what’s going on in the Haliburton real estate market? We are seeing a major shift, lots of conditional sales, not as many showings or offers, lots of sales under asking, but we are also still seeing some bidding wars and some over asking sales. So, for Buyer’s it’s a really great time to get into the market and start looking, there is more and more properties coming for sale every day and less and less showings happening, so you are in a great place to get a great price on your dream home or cottage. That being said, Seller’s it is still a good time to sell, the market has changed, but there are still lots of Buyer’s out there!
To keep up with all these rapid changes in the market contact Team Cottage Country for all your Buying and Selling needs!