Market
Market
Magnetawan Real Estate | 2024 Review & 2025 Outlook
Real Estate Market Report: Magnetawan Area
Real estate in the Magnetawan area defied the broader regional trend in 2024, finishing the year stronger than other parts of the Parry Sound district. A total of 60 properties were sold throughout the year, which aligns with historical averages.
The chart on this page, which includes both recreational and residential properties, illustrates that by Q4 2024, the 12-month rolling average had begun stabilizing toward historical levels. This resilience stands in contrast to the overall Parry Sound market, which remains subdued, with the exception of the luxury segment that continues to perform robustly.
Waterfront
Cottages in Magnetawan remain in high demand across all price points. Ahmic, Horn, and Cecebe Lakes are particularly sought after, reflecting the area's appeal to recreational buyers. In 2024, 10 waterfront properties were sold: nine cottages and one vacant lot. The average sale price for waterfront properties was approximately $620,000. However, this figure carries limited statistical weight due to the small sample size.
The number of cottage listings in 2024 was notably low, with only 14 properties hitting the market—around half the typical annual volume. This inventory shortage can be attributed to the Covid-era buying frenzy, which led to record prices and brought forward many potential listings.
Residential
With Muskoka housing prices remaining prohibitively high, more buyers are looking north to areas like Magnetawan for affordable alternatives. This migration is beginning to strengthen local prices. In 2024, 39 non-waterfront homes were sold in Magnetawan, with a median price of $399,000.
Interestingly, a growing number of buyers are prioritizing properties with acreage over smaller lots. This trend is expected to gain momentum in the coming years as buyers seek more space and privacy.
Magnetawan Property Sales
Parry Sound Property Sales
Themes from this year in a Nutshell
Cottages
- More clients looking for year-round cottages as opposed to seasonal properties.
- Many plan to eventually retire to their so gentle slope to the waterfront was high on the priority list.
- The most requested price range was between $800,000 and $1,200,000.
- Ahmic Lake was the most sought after followed by Horn Lake.
Homes
- As mentioned earlier, homes with some acreage ( 5 acres +) and some cleared land were more in demand than smaller lots.
- The most requested price range was between $600,000 and $800,000.
- Bungalows were often top of the "required" list.
- Many Buyer clients were looking for "fixer uppers" this year.
Market Outlook for 2025
Looking ahead to 2025, inventory for both homes and cottages is expected to remain tight across all price ranges. Sellers began adjusting their price expectations in late 2024, and we anticipate this trend will continue, encouraging more buyers to re-enter the market. Unlike much of the Parry Sound district, which is likely to favor buyers, Magnetawan is poised to maintain a balanced market for both recreational and residential properties.
Vacant land remains a challenging segment. High construction costs, elevated interest rates, and financing hurdles continue to deter new builds. As a result, we expect demand for vacant land to remain subdued in the near term.
Key Takeaways
- Market Strength: Magnetawan's real estate market outperformed the broader Parry Sound region in 2024, with steady sales and a balanced outlook.
- Waterfront Demand: Ahmic, Horn, and Cecebe Lakes continue to drive cottage demand, despite tight inventory.
- Residential Trends: Median home prices reached $399,000, with growing interest in properties offering acreage.
- 2025 Forecast: Tight inventory and adjusted seller expectations will support a balanced market, while vacant land challenges persist.
For those considering buying or selling in Magnetawan, now is the time to consult with a local expert who understands the nuances of this unique market. Whether you're seeking a cottage retreat or a residential property with room to grow, the Magnetawan area offers opportunities that cater to a variety of needs and lifestyles.
