May 2016: Slowing growth in price of homes for sale in Georgina

Posted on Jun 9, 2016 by Daniel Foch

Georgina real estate price growth and volume charts
Georgina real estate price growth and volume charts

It appears as though the market has settled on a “new normal” average price for homes in Georgina, in the $500,000 range, and especially considering homes for sale in Keswick South. During April, the apex of the Spring Market, we witnessed price growth in the 10-20% range across the board in Georgina.

Georgina real estate infographic
Georgina real estate infographic

Seeing the slowing price growth tells us that this price increase was likely the result of a clear Spring Market manifestation, a shift in the type of home being demanded in the market, with families playing a large role in the buying decision during the school year, aiming for summer closings, pushing first-time homebuyers, downsizers, and empty nesters out for the time being.

Click to view & download the full Georgina real estate market report

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Daniel Foch
Foch Family Real Estate
461 The Queensway South,
Keswick, L4P2C9

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