Last year January 1st 2010 to July 1st 2010 there were 20 waterfront cottage sales in Bracebridge.
This year January 1st 2011 to July 1st 2011 there have been 13 waterfront cottage sales in Bracebridge.
Thats a 35% drop in waterfront cottage sales for the Bracebridge area.
As of July 5th 2011 there are currently 45 waterfront cottages for sale in the Bracebridge area. Based on the fact that there were a total of 43 waterfront cottage sales for 2010, and the 35% drop in sales so far for 2011, this indicates that out of the 45 waterfront cottages that are currently for sale…only 15 of them will be sold in the remainder of 2011.
This is what we call a Buyers Market, when there are far more properties available than there are Buyers. This also means that as a Seller, you must become competitive with the how you present your cottage and be careful to set a realistic asking price.