Prices holding steady, sales may decline in Sylvan Lake cottage market
Sylvan Lake & Surrounding Areas
2023 RE/MAX Cottage Trends Report
• Waterfront properties are seeing the highest demand in the Sylvan Lake cottage market, followed by access to recreational activities, and large yards/green spaces. • Inventory levels in this market are very low, which is helping to stabilize prices. • Sylvan Lake and surrounding areas have a very low vacancy rate, which is creating a strong demand for Airbnb-qualified properties.
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$509,500
2023 (January-March)
average price
$422,300
2022 (January-March)
+20%
Year-Over-Year
-24.4%
41 unit sales
31 unit sales
Sales stats
market outlook
-5%
2023 Sales Estimate
0%
2023 Price Estimate
Average price
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