Lakelands MLS® Statistical Report – June 2023
| Lakelands Association of REALTORS® MLS® home sales continue to rise in June |
| Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 490 units in June 2023. This was an increase of 23.7% from the same period in 2022. |
| Residential non-waterfront sales were 17.2% below the five-year average and 20.8% below the 10-year average for the month of June. |
| On a year-to-date basis, residential non-waterfront sales totaled 2,284 units over the first six months of the year. This was a large decline of 16% from the same period in 2022. |
| Sales of waterfront properties numbered 175 units in June 2023. This was a substantial increase of 31.6% from the same period in 2022. |
| Waterfront sales were 21.8% below the five-year average and 21.9% below the 10-year average for the month of June. |
| On a year-to-date basis, waterfront sales totaled 542 units over the first six months of the year. This was a large decline of 10.6% from the same period in 2022. |
| “Both waterfront and non-waterfront sales activity posted year-over-year gains in June as more supply continues to return to the market under the growing confidence of sellers,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “We are still quite a way off from the stronger levels of activity seen during the past two years and likely won’t get back to those any time soon, but our market is steadily moving in the right direction and that’s a good start. Meanwhile, prices are resuming their normal seasonal pattern and are exhibiting a healthy upward movement through the year, but again are not expected to return to their records from 2022.” |
| The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $714,600 in June 2023, a moderate decrease of 9.7% compared to June 2022. |
| The benchmark price for single-family homes was $743,100, falling by 9.3% on a yearover-year basis in June. By comparison, the benchmark price for townhouse/row units was $578,000, a sharp decrease of 14.1% compared to a year earlier, while the benchmark apartment price was $470,100, down by 9.2% from year-ago levels. |
| The median price for residential non-waterfront property sales in June 2023 was $690,000, increasing by 1.8% from June 2022. |
| The more comprehensive year-to-date residential non-waterfront median price was $685,000, a sharp decrease of 10.6% from the first six months of 2022. |
| The median price for waterfront property sales in June 2023 was $901,600, decreasing by 9.8% from June 2022. |
| The more comprehensive year-to-date waterfront median price was $940,000, a sharp decrease of 14.6% from the first six months of 2022. |
| The total dollar value of all residential non-waterfront sales in June 2023 was $390.1 million, up sharply by 30.3% from the same month in 2022. |
| The total dollar value of all waterfront sales in June 2023 was $264.2 million, a substantial increase of 35.7% from the same month in 2022. |
| Sales (all areas) | June 2023 |
June 2022 |
Year-over-year % change |
| Non-Waterfront Residential | 490 | 396 | 23.7 |
| Waterfront | 175 | 133 | 31.6 |
| Median price (all areas) | June 2023 |
June 2022 |
Year-over-year % change |
| Non-Waterfront Residential | $690,000 | $677,500 | 1.8 |
| Waterfront | $901,600 | $1,000,000 | -9.8 |
| Non-Waterfront Residential Sales | June 2023 |
June 2022 |
Year-over-year % change |
| Lakelands West | 198 | 122 | 62.3 |
| Lakelands Central | 197 | 172 | 14.5 |
| Lakelands North | 95 | 102 | -6.9 |
| Non-Waterfront Residential Median Price | June 2023 |
June 2022 |
Year-over-year % change |
| Lakelands West | $743,500 | $772,500 | -3.8 |
| Lakelands Central | $675,000 | $664,500 | 1.6 |
| Lakelands North | $640,000 | $577,500 | 10.8 |
| Waterfront Residential Sales | June 2023 |
June 2022 |
Year-over-year % change |
| Lakelands West | 16 | 10 | 60.0 |
| Lakelands Central | 31 | 24 | 29.2 |
| Lakelands North | 128 | 99 | 29.3 |
| Waterfront Residential Median Price | June 2023 |
June 2022 |
Year-over-year % change |
| Lakelands West | $967,500 | $1,057,500 | -8.5 |
| Lakelands Central | $1,000,000 | $1,200,000 | -16.7 |
| Lakelands North | $891,105 | $980,000 | -9.1 |
| Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach |
| Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, Tiny |
| Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound |
The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as the Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offers a unique blend of properties ranging from residential homes to smaller towns and the rural areas in between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.
Provided by:
Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca
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