February 2016 Georgina Real Estate Market Report

Monday Feb 29th, 2016

Georgina Home Sales Overview

Click to view the full report: February 2016 Market Report

Keswick South continued to lead the pack in home sales in Georgina, claiming 20 of the 70 home sales. The big, striking movement in the market came from Sutton & Jackson’s Point, which lagged behind the leader by only 4 home sales.

2 homes were sold in Baldwin
2 homes were sold in Belhaven
8 homes were sold in Historic Lakeshore Communities
3 homes were sold in Keswick North
27 homes were sold in Keswick South
6 homes were sold in Pefferlaw
7 homes were sold in Sutton & Jackson’s Point
1 home was sold in Virginia

The Role of New Homes for Sale in Georgina

New home sales have been playing a major role in market pricing and volume among homes for sale in Georgina.

Both Sutton & Jackson’s Point, and Keswick South have seen a large volume of new home sales transacting through the pipeline of the Multiple Listings Service. These transactions set the tone for both pricing and volume trends.
Lakefront areas, such as Virginia and Historic Lakeshore Communities, as well as niche rural areas like Baldwin, have been experiencing slower transactions, but these areas tend to pick up towards the end of the spring market.

The Role of Excess Demand in Georgina's Real Estate Market

Excess demand is playing a larger role in Georgina’s real estate market on a daily basis. The ratio of sale price to list price is growing at an increasing rate.

High-value transactions are becoming more prominent with the beginning of the spring market in Georgina, with homes for sale in Belhaven and Historic Lakeshore Communities paving the way for high-priced transactions close to the one-million dollar mark.

The high volume of real estate traded in Sutton and Jackson’s Point, paired with its low average sale value, seems to be a reflection that one of the largest areas of demand exists within the $250,000-$350,000 price range.

Excess demand also becomes apparent in the $400,000-$600,000 price range in the Keswick South area, which appears to be consequence to federal down-payment legislature.

Baldwin Home Sales

: Baldwin in Georgina has an average list price of $487,450 The average sale price for Baldwin is $480,000 with an average sale to list price ratio of 98 percent. The average time a listing spends on the market is 45 days. A total of 2 listings sold. The average house has 3 Bedrooms and 3 Washrooms

Belhaven Home Sales

: Belhaven in Georgina has an average list price of $871,500 The average sale price for Belhaven is $797,500 with an average sale to list price ratio of 92 percent. The average time a listing spends on the market is 15 days. A total of 2 listings sold. The average house has 4 Bedrooms and 3 Washrooms

Historic Lakeshore Communities Home Sales Report

: Historic Lakeshore Communities in Georgina has an average list price of $506,807 The average sale price for Historic Lakeshore Communities is $466,583 with an average sale to list price ratio of 95 percent. The average time a listing spends on the market is 49 days. A total of 12 listings sold. The average house has 3 Bedrooms and 2 Washrooms

Keswick North Home Sales Report

: Keswick North in Georgina has an average list price of $409,513 The average sale price for Keswick North is $403,000 with an average sale to list price ratio of 99 percent. The average time a listing spends on the market is 15 days. A total of 8 listings sold. The average house has 3 Bedrooms and 3 Washrooms

Keswick South Home Sales Report

: Keswick South in Georgina has an average list price of $494,480 The average sale price for Keswick South is $493,151 with an average sale to list price ratio of 100 percent. The average time a listing spends on the market is 13 days. A total of 20 listings sold. The average house has 3 Bedrooms and 3 Washrooms

Pefferlaw Home Sales Reports

: Pefferlaw in Georgina has an average list price of $333,778 The average sale price for Pefferlaw is $313,933 with an average sale to list price ratio of 95 percent. The average time a listing spends on the market is 26 days. A total of 9 listings sold. The average house has 3 Bedrooms and 1 Washrooms

Sutton & Jackson's Point Home Sales Report

: Sutton & Jackson's Point in Georgina has an average list price of $379,507 The average sale price for Sutton & Jackson's Point is $362,538 with an average sale to list price ratio of 95 percent. The average time a listing spends on the market is 41 days. A total of 16 listings sold. The average house has 3 Bedrooms and 2 Washrooms

Virginia Home Sales Report

: Virginia in Georgina has an average list price of $338,000 The average sale price for Virginia is $323,000 with an average sale to list price ratio of 96 percent. The average time a listing spends on the market is 50 days. A total of 1 listings sold. The average house has 3 Bedrooms and 1 Washrooms