Georgina Real Estate Market Report - March 2016
Tuesday Mar 29th, 2016
Keswick South continued to lead in homes for sale in Georgina, claiming 28 of 88 homes sold. We are witnessing continued increase in market share from both Keswick South and Sutton & Jackson’s Point, moving 29% to 32% and 23% to 24% of total this month, respectively. New home sales in Georgina recorded on the MLS represent the biggest driver of real estate sales for Keswick South and Sutton & Jackson’s Point.
Based on the data available, it appears that subdivision homes have been the most popular homes for sale in Georgina this month.
2016’s spring market definitely showed its strength and prominence in the Georgina real estate market in March. We’ve witnessed massive changes in the following:
To put it simply, there is a record number of buyers in the market, and not enough homes to sell them.
We’ve also seen a continued increase in high-value transactions in all areas, and another interesting conclusion: the price floor is moving upwards. Essentially, the “low” end of the market is increasing at a very swift pace.
The reason for this increase is the high number of buyers searching in the $250,000-$400,000 price range, which has been seemingly pushing the high volume of homes sold in Sutton & Jackson’s Point. Georgina has essentially become the only place left in the Greater Toronto area where buyers can find high quality detached home within this price range.
Finally, an interesting note - the average home sold in Georgina is getting bigger. Demand is increasing across the board and homes are selling in record time, at record prices.