April 2018- Georgina Market Report Infographics - Volume By Geography

Volume by Geography - April 2018 Sales Report

We are seeing a continued, sustained trend in the mobility of capital in Georgina, which seems to be gravitating towards more niche assets, away from subdivision utility with high replicability. Essentially, these trends can be boiled down to a couple of simple themes:

Firstly, capital is still moving at the rates it was, it’s just moving to less traditional assets in the Georgina market, namely big lots, properties for flipping, properties close to Lake Simcoe or waterfront properties. This tells us that the buyer pool is still based on speculation and investment potential, which leads us to believe that our strongest buyer groups are investors and first time homebuyers in Georgina. Investors clearly seek value creation, but many first-time homebuyers do as well, because they rely on their asset’s performance to get them to their home and to fulfill their financial goals.

Secondly, subdivisions have a supply problem: there is too much of it. With all of the new homes for sale in Georgina currently, and the new build supply pipeline finally hitting them market, there is record inventory for subdivision product, and subdivision product is, inconveniently, the easiest for buyers to replace with comparable products. This has created the trend of waiting and shopping, and has led subdivision homes to suffer the most in Georgina’s real estate prices.

In April 2018, we saw the following volume metrics occur in each trade area:

9 homes sold in Sutton & Jackson’s Point, with an average of 36 days on market, and an average sale-to-list price ratio of 9