Georgina 2017 - Real Estate Market Statistics:
The number of sales per year in Georgina has increased annually in recent years, only to decrease by almost 20% in 2017.
Total sales:
2014: 898,
2015: 1043,
2016: 1297,
2017: 1056
Have a look at the fluctuating prices for 2014, 2015, 2016, and 2017.
Disclaimer: A few million dollar property sales in a given month can easily skew the statistics. Use these statistics only as guidelines. Seek the advice of a Realtor for the nuances of the Georgina market niche. You can call Lindsey or Karin at 905-852-6143 or email to info@welshandco.com
2018?
The RE/MAX Housing Outlook Report for 2018 suggests that in order to find a balance between the home features buyers are looking for and affordability, many buyers continue to look outside of the GTA for more affordable housing and more green space. It is suggested that the stress test that was implemented Jan 1 2018 may disqualify 10% of buyers who have a 20%+ downpayment. This impact will be felt in York Region also.
It is disheartening to see the peak spring 2017 prices leave. Pricing your house aggressively gives you the best chance of a successful sale. The silver lining is that the house you purchase will also be cheaper, as will the Land Transfer Tax.
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