Recreational2016 in Review

RLP Reportthe

South MuskokaLarge gap between average and median due to large pricing variances. Over 10% increases in both median and average.

Huntsville and Lake of BaysIncrease in sales, with significant rise in average and median price.

AlmaguinSignificant increase in sales. Slight drop in average price and increase in median pricing as a result of strong activity in mid level price point.

1

HVLB SM ALM

050

100150200250300350

2012 2013 2014 2015 2016

0100200300400500600700

2012 2013 2014 2015 20160

50100150200250300350

2012 2013 2014 2015 2016

300,000

450,000

600,000

750,000

900,000

1,050,000

2012 2013 2014 2015 2016150,000

200,000

250,000

300,000

2012 2013 2014 2015 2016

300,000

450,000

600,000

750,000

2012 2013 2014 2015 2016

Unit Sales

Average and Median Price (Darker Line =Avg.)

Recreational

zerothe

2

HVLB

South Muskoka

SM

ALMMonths of Inventory

0

100

200

300

400

500

600

700

J F M A M J J A S O N D J F M A M J J A S O N D

2 0 1 5 2 0 1 6

Month End Inventory Sales

The pervasive conversation amongst REALTORS® (and buyers) in 2016 was the overall lack of inventory and the year end numbers bear this out. Charting month end inventory and monthly sales we can generate a clear visual on the difference between 2015 and 2016.

SM2015Using a weighted average months of inventory for 2015 was 8.6. Considered to be one indicator of a buyer’s market.

2016Months of inventory dropped to 5.9 in 2016 indicator a more balanced market.

8.6

5.9

Waterfront Single Family and Recreational only.

Recreational

RLP Reportthe

3

HVLB

SM

ALMMonths of Inventory

The Huntsville and Lake of Bays recreational market saw a dramatic shift in both a decrease in inventory and a surge in monthly sales resulting in a significant drop in the months of inventory.

2015Using a weighted average months of inventory for 2015 was 10.8. Considered to be one indicator of a strong buyer’s market.

2016Months of inventory dropped to 6.8 in 2016 indicating a move into a more balanced market.

10.8

6.8

Huntsville and Lake of BaysHVLB

0

50

100

150

200

250

300

350

J F M A M J J A S O N D J F M A M J J A S O N D

Month End Inventory Sales

Recreational

RLP Reportthe

4

HVLB

SM

ALMMonths of Inventory

Months of Inventory in the Almaguin market fell by almost 5 months in 2016. Significant higher sales was the main driver in the reduction but a drop in overall inventory was a factor.

201512.3 months of inventory is one indicator of a strong buyers market. By this metric it would take over a year to exhaust listing levels.

2016Months of inventory dropped to 7.6 in 2016, while still considered a buyers’ market, this indicates a move into a more balanced market.

12.3

7.6

AlmaguinALM

0

50

100

150

200

250

300

J F M A M J J A S O N D J F M A M J J A S O N D

2 0 1 5 2 0 1 6

Month End Inventory Sales

Recreational

RLP Reportthe

5

HVLB

SM

ALMMonths of Inventory

With a surge and sales and decrease of about 25% in active listings, Months of Inventory fell by almost 2.5 months.

2015Although considered a Buyer’s market, sales were near historical highs.

2016Coming off a strong 2015 sales season and robust 2016 activity sales kept inventory at balanced levels.

8.6

6.2

Joseph, Muskoka and Rosseau.JMR

0

50

100

150

200

250

300

J F M A M J J A S O N D J F M A M J J A S O N D

2 0 1 5 2 0 1 6

Year End Inventory Sales

050

100150200250300

2012 2013 2014 2015 2016

150,000

650,000

1,150,000

1,650,000

2,150,000

2012 2013 2014 2015 2016

Unit Sales

Average and Median Price(Darker Line =Avg.)

29%

24%

33%

9%4%

19%

26%

30%

15%

11%

31%

28%

25%

10%

6%

0-300K 300-500K 500-1M 1M-2M 2M+

Recreational2016 Summary

RLP Reportthe

6

Huntsville and Lake of Bays

58%

36%

5% 0%1% 9%

33%

31%

26%

Joseph, Muskoka and Rosseau.JMR

HVLB

AlmaguinALM

South MuskokaSM

Sales 253Avg:1,608,993

Median: 1,125,000

Sales 664Avg: $923,911

Median: $570,000

Sales 316Avg: $626,378

Median: $461,500

Sales 303Avg: $278,970

Median: $268,000

Sales 1283Avg: $698,317

Median: $420,000

Muskokaand

Almaguin

Market Share

RLP Reportthe

7

ALM

0%

5%

10%

15%

20%

25%

30%

35%

40%

For year ending Dec. 31, 2016. Total Units. Muskoka Region.

Info obtained entirely from Lakeland Association of Realtors.

Residential2016 in Review

RLP Reportthe

BracebridgeSteady increases across all metrics with doubling of sales in over 500k market.

HuntsvilleSurge in units sales. Over double the sales in the 500-750k category.

GravenhurstDramatic increase in average price due to high outliers but rise in median suggest increases across board.

1

HV SM GH

0

100

200

300

400

2012 2013 2014 2015 2016

050

100150200250300

2012 2013 2014 2015 20160

50

100

150

200

2012 2013 2014 2015 2016

100,000

150,000

200,000

250,000

300,000

350,000

2012 2013 2014 2015 2016150,000

200,000

250,000

300,000

350,000

2012 2013 2014 2015 2016

50,000100,000150,000200,000250,000300,000350,000

2012 2013 2014 2015 2016

Unit Sales

Average and Median Price (Darker Line =Avg.)

Single Family non-waterfront

Residential

RLP Reportthe

2

HVLB

SM

ALMMonths of Inventory

Surge in sales and dramatic year over year drop in inventory was the general theme in 2016. High end of market very active.

2015Overall a buyer’s market but with steady sales and increasing prices.

2016Combined with a year over year 20% increase in unit sales, lower inventory levels cut months of inventory by half.

6.3

3.5

HuntsvilleHV

0

20

40

60

80

100

120

140

160

180

200

J F M A M J J A S O N D J F M A M J J A S O N D

Month End Inventory Sales

Residential

RLP Reportthe

3

HVLB

Bracebridge

SM

ALMMonths of Inventory

0

20

40

60

80

100

120

J F M A M J J A S O N D J F M A M J J A S O N D

2 0 1 5 2 0 1 6

Month End Inventory Sales

We started to see tighter inventory in last half of 2015. Trend accelerated in 2016 with levels this low not seen for years – if ever.

BR2015Balanced by trending lower in 2nd half of year.

2016Solidly in seller’s market territory.

4.3

2.2

Residential

RLP Reportthe

4

HVLB

SM

ALMMonths of Inventory

In lock step with rest of the residential 2016 trends. Double digit sales in 500-750K category resulted in major increase in average price – the problem with putting to much emphasis on average price as year over year indicator.

2015“Normal” residential market continuing trend of previous years.

2016Unexplained drop in inventory. Increase sales a factor but not the whole story.

6.9

3.2

GravenhurstGH

0

20

40

60

80

100

120

J F M A M J J A S O N D J F M A M J J A S O N D

2 0 1 5 2 0 1 6

Month End Inventory Sales

Residential2016 Summary

RLP Reportthe

5

0

10

20

30

40

50

60

70

80

90

100

150k

& u

nder

150k

-200

k

200k

-250

k

250k

-300

k

300k

-400

k

400k

-500

k

500k

-750

k

750k

-1M

150k

& u

nder

150k

-200

k

200k

-250

k

250k

-300

k

300k

-400

k

400k

-500

k

500k

-750

k

750k

-1M

150k

& u

nder

150k

-200

k

200k

-250

k

250k

-300

k

300k

-400

k

400k

-500

k

500k

-750

k

750k

-1M

1M-2

M

BRACEBRIDGE GRAVENHURST HUNTSVILLE

Market Share

RLP Reportthe

6

ALM

0%

5%

10%

15%

20%

25%

30%

35%

40%

For year ending Dec. 31, 2016. Total Units. Muskoka Region.

Info obtained entirely from Lakeland Association of Realtors.