Chestnut Park Real Estate Limited

Chestnut Park Real Estate Limited

February 01, 2016 12:36 ET

Haliburton Waterfront Cottage Sales Up in 2015 Reports Chestnut Park

Chestnut Park Real Estate Limited, Brokerage reports that the Haliburton recreational real estate market saw notable improvement in 2015 over past years, and that, once again, they have finished in the number one spot for Haliburton waterfront cottage sales.

HALIBURTON, ONTARIO--(Marketwired - Feb. 1, 2016) - After languishing for several years, the Haliburton real estate market is finally once again showing marked improvement in both number of sales and price. "The Haliburton real estate market is growing for the first year since 2008. In 2015, we saw several positive factors at work that have created a stronger recreational real estate market here. 2015 was also the fourth consecutive year in a row that Chestnut Park finished number one in Haliburton waterfront TEAM* sales," reports Rob Serediuk of Chestnut Park Estate Limited's Haliburton/Kawartha Lakes office (www.haliburton-real-estate.com).

While the Muskoka recreational real estate market has been hot for a couple of years now, sales of waterfront properties in Haliburton only started to rebound last year. In their 2015 Market Report for Haliburton, Kawarthas Lakes, and Muskoka, Chestnut Park Real Estate Limited, Brokerage shows a healthy 24.2 percent total increase in both units sold and sale price in Haliburton, with a 52.1% increase for waterfront lots and a 23.5% increase for waterfront cottages. Chestnut Park suggests a number of reasons for Haliburton's positive turnaround. Factors that have influenced the Ontario cottage country market include lower interest rates, a weaker Canadian dollar, lower oil prices, demographics, local and global economic dynamics, and high home prices in urban centres.

"Since the 2008 recession, Haliburton real estate has been slow to recover, but over the past year, it seems that buyers are feeling more confident. Many think that buying a waterfront home or cottage is a safe investment, since interest rates are low and the stock market is too volatile for comfort. Haliburton waterfront cottages represent excellent value, especially since cottage country prices haven't caught up to the Toronto market. One common trend that we saw in 2015 was that properties that had been on the market for two or more years, that took a price reduction to within 5% to 10% of market value, sold at close to asking price. Clearly price was an important factor influencing Haliburton sales. Buyers are shopping for value and won't overpay. We are confident that Haliburton sales will continue to improve in 2016, especially for well-priced waterfront properties that tick all the right boxes with buyers," says Serediuk.

** Total Lakelands Association of Realtors, Muskoka, Haliburton & Orillia waterfront sales volume run against Haliburton, search dates Jan 1-Dec 31, 2012, 2013, 2014 and 2015, 50% being allocated to each end of the sale

About Chestnut Park Haliburton and Kawartha Lakes: The top realtor of luxury waterfront properties in Haliburton and the Kawarthas, Chestnut Park Real Estate Limited Brokerage's Haliburton / Kawartha Lakes office has the expertise and experience that delivers results. A dynamic team of real estate professionals, they have a proven track record successfully marketing and selling Kawartha Lakes and Haliburton waterfront homes, executive cottages and luxury lakefront properties. No other Haliburton real estate firm offers the social media and television exposure of Chestnut Park, with agents regularly featured on popular TV shows like What's for Sale?, Million Dollar View, and Cabin Pressure, promoting properties in Haliburton. For more information, visit www.haliburton-real-estate.com or call 705 754-0880 or email info@haliburton-real-estate.com to arrange an appointment.

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