Haliburton Real Estate Update – December 2014

December 3, 2014 at 8:14 pm Leave a comment

I wanted to take this opportunity to provide an update of the Haliburton County real estate market for 2014 to date. Overall we had a positive year. Summer was a bit sluggish but we moved into a very robust fall. The cottage/waterfront market grew by 1% in sales volume. However, there was still pressure in the market as the average price dropped by 5% compared to 2013. The average price was affected primarily by sluggish high-end market ($500,00 plus). The $300,000-$500,000 was strong. The real growth came from the residential off-water market for Haliburton County. Sales were up 7% compared with 2014 and prices soared on average by 24%.

As ‘boomers’ continue to find Haliburton to be the ideal place to ease into retirement, we are finding people looking at off-water options that offer privacy and quality, in addition to the more traditional homes or cottages situated on water. Haliburton County continues to offer privacy, quality and good-value regardless of whether you choose to be off or on water. All the communities within Haliburton County are an appealing option for those wishing to spend their golden years surrounded by nature – away from the hustle and bustle of the city.

Vacant waterfront sales were slightly down in both volume and in prices mostly due to a reduced quantity of inventory compared with previous years. We did see improvement in sales for vacant non-waterfront lots as some people are opting to build and design their dream home.

In summary, I see a very strong Haliburton County real estate market for years to come. The demographics of the ‘boomers’, easier access to the County (404, 407, 35 expansions), GTA growth and improved local services (internet, cell, hospitals, etc.) The strong fall market and decent overall macro projections should have us all enjoying a great 2015.

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Entry filed under: Market Activity, Market Statistics. Tags: , , , , , , , , , .

Haliburton Real Estate Market Update – July 9, 2014

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