Category Archives: Muskoka Real Estate Market

Royal LePage Port Carling Rebrand as Luxury Brokerage, Johnston & Daniel

Royal LePage Lakes of Muskoka Realty’s Port Carling and Bala Offices Rebrand as Luxury Brokerage, Johnston & Daniel

Royal LePage Lakes of Muskoka Realty is excited to announce that as of December 6th, 2017, our Port Carling and Bala offices are rebranding as the newest offices of established luxury real estate brand, Johnston & Daniel.

Meeting the growing demand for luxury real estate in Muskoka

With the significant increase in demand for luxury real estate services in the region, Johnston & Daniel is the perfect offering for Muskoka’s real estate market. As a division of Royal LePage, Johnston & Daniel offers the service of a luxury boutique brokerage backed by the scale, synergy and credentials of Canada’s largest and oldest real estate company.

Clients will have access to an intuitive and custom-tailored experience and will benefit from a robust and collaborative real estate network, a hallmark of Johnston & Daniel’s culture.

Active clients can rest assured that we have taken great measures to plan and prepare for a seamless transition while remaining focused on their needs. Outside of re-signing documents under the new brand, current clients will not be affected.

We look forward to this exciting new chapter and the opportunity to serve Muskoka’s growing luxury real estate market proudly under the prestigious Johnston & Daniel brand.

About Johnston & Daniel

Since 1950, Johnston & Daniel has been representing the distinctive properties in Southern Ontario’s most affluent neighbourhoods. Offering caring, intuitive service and building long-term relationships, Johnston & Daniel is the standard of excellence in real estate.

Sales of cottage properties rose 18% in March 2014 compared to March 2013.

Residential and cottage activity both up year-over-year in March

Residential sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 204 units in March 2014. This was up 19 per cent from March 2013. Sales of cottage properties rose 18 per cent from a year earlier to 39 units in March 2014.

“While the year-over-year increases for March 2014 look about the same, residential sales surged above 200 units in the month of March for just the fourth time in history, while cottage sales were still running below the historical average for the month,” Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “In fact, the 77 per cent month-over-month increase in residential transactions from still subdued levels in February to very strong levels in March was the largest on record. This likely reflects, at least in part, the release of some pent-up demand following an unusually harsh winter.”

The median price for residential property sales was a record $225,000 in March 2014, up 13 per cent from a low reading a year earlier.

The median price for cottage sales was $385,000 in March 2014, a decline of eight per cent compared to March 2013.

The dollar value of all residential sales in March 2014 totalled $48.9 million, an increase of 35 per cent on a year-over-year basis and the highest level for this month on record.

The total value of cottage sales was $15.4 million. This was up 20 per cent from a year earlier.

Detailed – Cottage Sales and Median Price by Area
Cottage
By Area Unit Sales Median Sale Price
March 2014 March 2013 Year-over-year
percentage
change
March 2014 March 2013 Year-over-year
percentage
change
Muskoka 15 10 50.0 $400,000 $420,750 -4.9
Haliburton 4 6 -33.3 $121,000 $421,250 -71.3

 

Important information

The average price information quoted can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas and property types.

The area served by the more than 670 REALTORS® who belong to Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®, is located less than a two-hour drive north of Toronto, in the heart of Canada’s Cottage Country. There are several major geographical areas within the Association’s boundaries, including the City of Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, Lake of Bays and Haliburton. Each of these areas has a unique blend of properties ranging from residential homes located in the City of Orillia and smaller towns located throughout the remaining areas and the prestigious year-round recreational properties on large lakes, and lower and mid-range priced cottage properties on the smaller serene lakes.