At the risk of sounding melodramatic, I honestly believe that bidding wars are among the greatest economic inefficiencies ever produced by the real estate market. In 2017, we saw a pretty wild market, with real-time price discovery being the greatest challenge of buyers, sellers, and realtors alike. As a result, we saw the arbitrary underpricing of properties that led to even more arbitrary firm offers being submitted. Ultimately, this created risk for buyers, sellers, and lenders as we... [read more]

Click to View the full Georgina Real Estate Market Report  A collective sigh of relief can be heard among homebuyers everywhere – the bidding wars have slowed down in Georgina, but have not disappeared entirely. We measure bidding wars and multiple-offer situations by looking at the sale to list price ratio in each area. The average sale to list price ratio was 98% in Georgina this month, down from 104% at the peak of the spring market. Keswick South and Keswick North seem to be... [read more]