kathy foch | broker daniel foch | sales rep …...2016/03/03 · georgina real estate market report...

GEORGINA REAL ESTATEMARKET REPORT

Kathy Foch | Broker

Daniel Foch | Sales Rep.

[email protected]

905.251.5483

www.fochfamily.com

461 The Queensway South

Keswick, Ontario L4P 2C9

March, 2016

March 2016Georgina Real Estate Market Report

461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337

Daniel Foch, Sales [email protected]

905.251.5483

>> Neighbourhood Map

BELBelhaven

BALBaldwin

SJP Sutton & Jackson’s Point

V - Virginia

P Pefferlaw

HLC – Historic Lakeshore Communities

KSKeswick

South

KNKeswick

North

80

85

90

95

100

105

110

$-

$100,000.00

$200,000.00

$300,000.00

$400,000.00

$500,000.00

$600,000.00

BAL HLC KN KS PEF SJP V

Pricing Trends

Avg. List Avg. Sale Med. List Med. Sale S/L Ratio

Area Avg. List Avg. Sale Med. List Med. Sale

Baldwin $ 396,300.00 $ 368,333.00 $ 419,900.00 $ 412,000.00

Belhaven - - - -

Historic Lakeshore Communities $ 538,680.00 $ 524,900.00 $ 434,900.00 $ 436,500.00

Keswick North $ 467,468.00 $ 466,900.00 $ 469,900.00 $ 470,200.00

Keswick South $ 470,831.00 $ 493,996.00 $ 454,950.00 $ 478,000.00

Pefferlaw $ 346,499.00 $ 342,416.00 $ 325,000.00 $ 320,000.00

Sutton & Jackson's Point $ 463,913.00 $ 456,145.00 $ 474,900.00 $ 479,000.00

Virginia $ 372,375.00 $ 360,000.00 $ 329,900.00 $ 324,500.00




905.251.5483

All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.

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.

• 3 homes were sold in Baldwin• 0 homes were sold in Belhaven• 10 homes were sold in Historic Lakeshore Communities• 13 homes were sold in Keswick North• 28 homes were sold in Keswick South• 9 homes were sold in Pefferlaw• 21 homes were sold in Sutton & Jackson’s Point• 4 homes were sold in Virginia

3%

11%

15%

32%

10%

24%

5%

Percent of Total Sales

BAL

BEL

HLC

KN

KS

PEF

SJP

V




905.251.54832016’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:• Keswick real estate: lowest average days on market for

homes for sale in Keswick North and Keswick South.• Homes for sale in Sutton & Jackson’s Point are

increasing in market share as a percentage of total.• Rural Properties in Georgina seem to be transacting

slower and less often, with only 3 homes sold in Baldwin and no homes sold in Belhaven.

• Lakefront Properties in Georgina seem to be taking time to pick up with the spring market. We expect this market to intensify as Lake Simcoe’s utility increases with warmer weather bringing more traffic to lakeshore communities.


0

5

10

15

20

25

30

0

5

10

15

20

25

30


Day

s o

n M

arke

t

Number of Sales & Days on Market

Number of Sales Days on Market

The spring market has arrived.




905.251.5483

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.


Noticeable lack of inventory.

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000


High/Low Sales vs. Average/Median Sales

High Low Avg. Sale Med. Sale

BAL

HLC

KN

KSPEF

SJP

V

Avg. List

Avg.Sale

Med.List

Med.Sale

High

Low

0

1

2

3

4

5

6

7


Average Size of a Home by Area

Bedrooms Washrooms




905.251.5483


The Average House Has...

Average Sold 3 Bedrooms

Sale/List Listings

91 28 3 3 Washrooms

Average For the full report contact:

Days on Market [email protected]

396,300$ 419,900$

Average Sale Price Median Sale Price

368,333$ 412,000$

Average List Price Median List Price

Baldwin

%

Field Mean Median Low High

List Price $396,300 $419,900 $319,000 $450,000

Original Price $396,300 $419,900 $319,000 $450,000

Sold Price $368,333 $412,000 $233,000 $460,000

%Difference 91 98 73 102

Taxes $2,842 $3,543 $708.24 $4,276

Bedrooms 3 3 2 3

Washrooms 3 3 2 3

Days on Market 28 19 9 56

Baldwin





905.251.5483





905.251.5483 The Average House Has...


Sale/List Listings

99 26 10 2 Washrooms



538,680$ 434,900$


524,900$ 436,500$


Historic Lakeshore Communities

%


List Price $538,770 $434,900 $309,900 $1,100,000

Original Price $538,680 $434,900 $309,900 $1,100,000

Sold Price $524,900 $436,500 $310,000 $955,000


Taxes $4,233 $4,042 $831.17 $7,568.91

Bedrooms 3 3 2 4

Washrooms 2 2 1 5


Historic Lakeshore Communities





905.251.5483




905.251.5483


The Average House Has...


Sale/List Listings





Keswick North


469,900$ 467,468$

466,900$ 470,200$

%


List Price $466,153 $469,900 $319,900 $699,900

Original Price $467,468 $469,900 $319,900 $717,000

Sold Price $466,900 $470,200 $313,500 $695,000


Taxes $3,545 $3,543 $2,301.12 $4,811.16

Bedrooms 3 3 2 4

Washrooms 2 2 1 4


Keswick North





905.251.5483







Sale/List Listings




470,831$ 454,950$


493,996$ 478,000$


Keswick South

%


List Price $470,831 $454,950 $279,000 $750,000

Original Price $470,831 $454,950 $279,000 $750,000

Sold Price $493,996 $478,000 $309,000 $750,000

%Difference 106 105 98 131

Taxes $3,394 $3,116 $2,310.08 $5,220

Bedrooms 3 3 2 4

Washrooms 3 2 1 5


Keswick South





905.251.5483







Sale/List Listings

98 24 9 1 Washrooms




Pefferlaw

346,499$ 325,000$


342,416$ 320,000$

%


List Price $347,388 $325,000 $88,000 $549,000

Original Price $346,499 $325,000 $80,000 $549,000

Sold Price $342,416 $320,000 $80,000 $530,000


Taxes $2,464 $1,988 $626.76 $4,989.09

Bedrooms 2 2 1 3

Washrooms 1 1 1 2


Pefferlaw





905.251.5483







Sale/List Listings





Sutton & Jackson's Point

463,913$ 474,900$


456,145$ 479,000$

%


List Price $463,956 $474,900 $228,888 $699,000

Original Price $463,913 $474,900 $228,888 $699,000

Sold Price $456,145 $479,000 $213,000 $647,500


Taxes $3,440 $3,560 $1,972.36 $4,762.40

Bedrooms 3 3 2 5

Washrooms 2 2 1 4


Sutton & Jackson’s Point





905.251.5483







Sale/List Listings

97 18 4 1 Washrooms




Virginia

372,375$ 329,900$


360,000$ 324,500$

%


List Price $372,375 $329,900 $249,900 $579,800

Original Price $372,375 $329,900 $249,900 $579,800

Sold Price $360,000 $324,500 $239,000 $552,000


Taxes $3,397 $2,713 $2,110.10 $6,050.23

Bedrooms 3 3 1 4

Washrooms 1 1 1 2


Virginia





905.251.5483

Sales Representative

T: 905-251-5483E: [email protected]

Royal LePage2015 Rookie of the Year Award Winner for new agents

Daniel Foch

Broker

T: 905-476-4337E: [email protected]

Royal LePage2015 Diamond Award Winner Top 3% in Canada

Kathy Foch

CONTACT US.


kathy foch | broker daniel foch | sales rep …...2016/03/03 · georgina real estate market report...

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