GEORGINA REAL ESTATEMARKET REPORT
Kathy Foch | Broker
Daniel Foch | Sales Rep.
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
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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
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
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
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March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
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.
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
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Number of Sales & Days on Market
Number of Sales Days on Market
The spring market has arrived.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
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-$400,000 price range, which has been seemingly pushing the high volume of homes sold in Sutton & Jackson’s Point. Georgina has essentially become the only place left in the Greater Toronto area where buyers can find high quality detached home within this price range.
Finally, an interesting note - the average home sold in Georgina is getting bigger. Demand is increasing across the board and homes are selling in record time, at record prices.
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
Noticeable lack of inventory.
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BAL HLC KN KS PEF SJP V
High/Low Sales vs. Average/Median Sales
High Low Avg. Sale Med. Sale
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BAL HLC KN KS PEF SJP V
Average Size of a Home by Area
Bedrooms Washrooms
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
91 28 3 3 Washrooms
Average For the full report contact:
Days on Market [email protected]
396,300$ 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 $4,276
Bedrooms 3 3 2 3
Washrooms 3 3 2 3
Days on Market 28 19 9 56
Baldwin
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483 The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
99 26 10 2 Washrooms
Average For the full report contact:
Days on Market [email protected]
538,680$ 434,900$
Average Sale Price Median Sale Price
524,900$ 436,500$
Average List Price Median List Price
Historic Lakeshore Communities
%
Field Mean Median Low High
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
%Difference 99 100 87 109
Taxes $4,233 $4,042 $831.17 $7,568.91
Bedrooms 3 3 2 4
Washrooms 2 2 1 5
Days on Market 26 9 2 78
Historic Lakeshore Communities
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
100 13 13 2 Washrooms
Average For the full report contact:
Days on Market [email protected]
Average Sale Price Median Sale Price
Keswick North
Average List Price Median List Price
469,900$ 467,468$
466,900$ 470,200$
%
Field Mean Median Low High
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
%Difference 100 99 92 109
Taxes $3,545 $3,543 $2,301.12 $4,811.16
Bedrooms 3 3 2 4
Washrooms 2 2 1 4
Days on Market 13 10 2 38
Keswick North
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483 The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
106 5 28 3 Washrooms
Average For the full report contact:
Days on Market [email protected]
470,831$ 454,950$
Average Sale Price Median Sale Price
493,996$ 478,000$
Average List Price Median List Price
Keswick South
%
Field Mean Median Low High
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 $5,220
Bedrooms 3 3 2 4
Washrooms 3 2 1 5
Days on Market 5 3 1 39
Keswick South
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483 The Average House Has...
Average Sold 2 Bedrooms
Sale/List Listings
98 24 9 1 Washrooms
Average For the full report contact:
Days on Market [email protected]
Average List Price Median List Price
Pefferlaw
346,499$ 325,000$
Average Sale Price Median Sale Price
342,416$ 320,000$
%
Field Mean Median Low High
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
%Difference 98 98 91 114
Taxes $2,464 $1,988 $626.76 $4,989.09
Bedrooms 2 2 1 3
Washrooms 1 1 1 2
Days on Market 24 13 8 63
Pefferlaw
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483 The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
99 24 21 2 Washrooms
Average For the full report contact:
Days on Market [email protected]
Average List Price Median List Price
Sutton & Jackson's Point
463,913$ 474,900$
Average Sale Price Median Sale Price
456,145$ 479,000$
%
Field Mean Median Low High
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
%Difference 99 99 93 109
Taxes $3,440 $3,560 $1,972.36 $4,762.40
Bedrooms 3 3 2 5
Washrooms 2 2 1 4
Days on Market 24 12 2 175
Sutton & Jackson’s Point
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
905.251.5483 The Average House Has...
Average Sold 3 Bedrooms
Sale/List Listings
97 18 4 1 Washrooms
Average For the full report contact:
Days on Market [email protected]
Average List Price Median List Price
Virginia
372,375$ 329,900$
Average Sale Price Median Sale Price
360,000$ 324,500$
%
Field Mean Median Low High
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
%Difference 97 97 95 98
Taxes $3,397 $2,713 $2,110.10 $6,050.23
Bedrooms 3 3 1 4
Washrooms 1 1 1 2
Days on Market 18 10 4 49
Virginia
All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage.
March 2016Georgina Real Estate Market Report
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337
Daniel Foch, Sales [email protected]
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.
461 The Queensway SouthKeswick, Ontario L4P 2C9905.476.4337