Carol Day, Broker

Million Plus Waterfront Sales in 2016

Ding ding ding ding! Stoney (Stony) Lake is the winner this year for having the most million plus waterfront sales in the Peterborough/Kawarthas Real Estate board area.

There were 22 waterfront sales that were million plus in 2016.
8 of which were on Stoney Lake.
2015 and 2016 showed a doubling of the # of million plus sales in Peterborough/Kawarthas when compared to 2012-2014 numbers, and more than triple the number than in 2007.
Since year 2000, there have been 119 waterfront properties sell over 1 million. 50 of these have been on Stoney Lake.
The graph below shows in blue the number of sales, and in green shows the highest sale price for waterfront that given year.

The HIGHEST SALE in 2016 was on STONEY LAKE a beautiful 3.3 acre property on a point lot w/770 ft waterfront. It featured a 4 bedroom, 6 bath (4 ensuites) home, garage w/guest suite, and triple boathouse with cabana above. It sold for 4,425,000 after 78 days on the market.

The LOWEST million plus sale was of a newer confederation log home on BIG BALD LAKE on a half acre lot featuring 4 bedrooms, 3 baths & 300ft of waterfront. It sold for $1,095,000 after 85 days on the market.
The 8 lakes with million plus sales in 2016 were:
Stoney (8 properties)
Pigeon (4 properties)
Clear (3 properties)
Chemong & Mississauga (2 properties each)
Catchacoma, Jack Lake & Big Bald Lake (1 property each)
I mentioned that 50 properties have sold in the million plus range on Stoney Lake beginning with the year 2000. Its interesting that 38% of these sales on Stoney Lake have been in the last 2 years! Its great to see the renewed confidence in waterfront!
In the Kawartha Lakes Real Estate board area there were 10 sales that were million plus in 2016.

The highest value properties are on Balsam Lake (4 properties)
Sturgeon Lake (4 properties)
Shadow Lake and Cameron Lake (1 property each).

ARE YOU CONSIDERING SELLING IN 2017? CALL OR TEXT CAROL DAY DIRECT 705-772-9977 FOR A MARKET CONSULT.

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