Georgina Real Estate Market Report: April 2016

April 2016 Market Report PDF file

Volume Rebound of Homes for Sale in Keswick

Homes for sale in Keswick South experienced a strong rebound in April of 2016. Keswick North also usurped Sutton & Jackson’s Point as the second-highest volume real estate neighbourhood in Georgina. This volume rebound of home sales in Keswick has consolidated its strength to set precedence within the Georgina real estate market. A total of 150 homes sold in Georgina in April 2016:

• 7 home sold in Baldwin
• 1 home sold in Belhaven
• 15 homes sold in Historic Lakeshore Communities
• 32 homes sold in Keswick North
• 57 homes sold in Keswick South
• 9 homes sold in Pefferlaw
• 27 homes sold in Sutton & Jackson’s Point
• 2 homes sold in Virginia

Average Price of a home in Georgina blows past $500,000

The average price of a home in Georgina increased substantially from $456,662 in April 2016 to $530,335 in May 2016, outlining the larger and more prominent role that Georgina real estate plays in the regional economy of York Region and the Greater Toronto Area.

This increase in average price has occurred as a result of excess demand and limited supply, pushing an increasing majority of homes for sale into higher price ranges and multiple offer situations. Based on the swift increase over the $500,000 average price point, we can expect that the annual average price of real estate in Georgina will fall over $500,000.