February 2018 Georgina Real Estate Market Report - Slight Decline
Friday Mar 23rd, 2018
We are currently seeing a decrease in price which is likely a result of new mortgage rules, and an adjustment in price as a result of decreased buying power of the largest buyer groups in Georgina’s real estate market. This has created a surge in demand for entry-level properties in Georgina in the 300,000 to 500,000 price range. Homes in the 500,000 to 800,000 price range are suffering the most, which is a result of saturated inventory and ease of comparability shopping by buyers in the market. We actually have a segmented phenomena in which Georgina’s real estate market is a buyer’s market in the 500,000+ price range, but acts as a sellers market below 500,000 price range.