Chestnut Park Real Estate Limited

Chestnut Park Real Estate Limited

May 28, 2015 16:37 ET

Luxury Waterfront Real Estate in Muskoka and Haliburton Outpaces Kawartha Lakes

According to Rob Serediuk, of Chestnut Park Real Estate Limited's Haliburton/Kawartha Lakes office and host of What's for Sale on the Cottage Life Television Network, sales of luxury waterfront homes in Muskoka and Haliburton are outpacing those in the Kawartha Lakes region

HALIBURTON, ONTARIO--(Marketwired - May 28, 2015) - It's no secret that luxury home sales spiked in the Toronto area, while luxury waterfront homes over the $1M mark did not follow suit in cottage country. Muskoka has the strongest cottage country regional brand, and it has done better over the last few post-recession years than its cousins in Haliburton and the Kawartha Lakes. It has only been just recently that prices and sales have taken off in both Muskoka & Haliburton. "High-end real estate in Muskoka and Haliburton is on the upswing, but we have seen little upward movement in the Kawarthas," reports Rob Serediuk of Chestnut Park Estate Limited's Haliburton/Kawartha Lakes office (www.haliburton-real-estate.com).

"We are getting multiple offers now on many waterfront properties in Haliburton and Muskoka, including luxury properties over the $1M range," says Serediuk. "It seems that finally these markets are moving, as people free up disposable income to invest in waterfront homes in these two popular vacation destinations. Folks have done very well with their GTA homes and stock portfolios and it looks like it's time to diversify some of those gains into Muskoka & Haliburton waterfront real-estate. In Haliburton and in some areas of Muskoka, there is still really good value. The low cost of money helps too, and after all, stock investments don't come with waterfront sunsets, sand beaches and the call of the loon. We haven't seen the same trend in the Kawartha Lakes though, as high-end waterfront homes have remained relatively flat there with few sales over $1M," adds Serediuk.

Serediuk should know the Ontario cottage country real estate market. In addition to his job as a busy licensed realtor, he hosts the popular show What's For Sale on the Cottage Life Television Network and makes guest appearances on other celebrity real estate television shows. Serediuk is like an encyclopedia on cottage country real estate, able to rhyme off comparative values and sales figures on waterfront homes throughout cottage country. "It's been a slow recovery for luxury waterfront post-recession, but people are feeling more comfortable now with the economy, and there is confidence in the positive economic spillover from the USA. I have heard from many that it's time to take some profits off the table. There are not a lot of other places to put money to work right now, so real estate is the obvious choice... and waterfront homes have always been considered safe investments. Now is a great time to buy in cottage country. Prices for luxury properties are still a relative bargain. Cottage country property values haven't caught up to the Toronto market, a market that could be close to being fully valued," says Serediuk.

About Chestnut Park Haliburton and Kawartha Lakes: The leading 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. This dynamic team of real estate pros goes above and beyond to ensure their customers' complete satisfaction. They have a proven track record of successfully marketing and selling waterfront homes, executive cottages and luxury lakefront properties in the Haliburton Highlands and Kawartha Lakes, and work with buyers to find their ideal Haliburton or Kawartha vacation home. For more information, visit their website www.haliburton-real-estate.com or drop by their office on Kennisis Lake Road. Please call 705 754-0880 or email info@haliburton-real-estate.com to arrange an appointment.

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