GEORGINA REAL ESTATE MARKET REPORT

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1 Kathy Foch Broker Daniel Foch Sales Rep. GEORGINA REAL ESTATE MARKET REPORT March, 2016

2 >> Neighbourhood Map KN Keswick North HLC Historic Lakeshore Communities BEL Belhaven SJP Sutton & Jackson s Point V - Virginia BAL Baldwin P Pefferlaw KS Keswick South

3 Pricing Trends $600, $500, $400, $300, $200, $100, $- BAL HLC KN KS PEF SJP V Avg. List Avg. Sale Med. List Med. Sale S/L Ratio Area Avg. List Avg. Sale Med. List Med. Sale Baldwin $ 396, $ 368, $ 419, $ 412, Belhaven Historic Lakeshore Communities $ 538, $ 524, $ 434, $ 436, Keswick North $ 467, $ 466, $ 469, $ 470, Keswick South $ 470, $ 493, $ 454, $ 478, Pefferlaw $ 346, $ 342, $ 325, $ 320, Sutton & Jackson's Point $ 463, $ 456, $ 474, $ 479, Virginia $ 372, $ 360, $ 329, $ 324,

4 Days on Market All data sourced from Toronto Real Estate Board. Not intended to solicit properties already listed for sale or individuals under contract with a brokerage. 24% 10% Percent of Total Sales 5% 3% 32% 11% 15% The spring market has arrived. BAL BEL HLC KN KS PEF SJP 2016 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. V 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 Number of Sales & Days on Market BAL HLC KN KS PEF SJP V Number of Sales Days on Market

5 Noticeable lack of inventory. To put it simply, there is a record number of buyers in the market, and not enough homes to sell them. $1,200,000 $1,000,000 High/Low Sales vs. Average/Median Sales 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. $800,000 $600,000 $400,000 $200,000 $0 BAL HLC KN KS PEF SJP V High Low Avg. Sale Med. Sale Average Size of a Home by Area BAL HLC KN KS PEF SJP V SJP V PEF BAL KS HLC KN Avg. List Avg. Sale Med. List Med. Sale High Low Bedrooms Washrooms

6 Baldwin Average List Price $ 396,300 $ 419,900 Average Sale Price Median Sale Price $ 368,333 $ 412,000 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Median List Price Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

7 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 Taxes $2,842 $3,543 $ $4,276 Bedrooms Washrooms Days on Market

8 Historic Lakeshore Communities Average List Price $ 538,680 $ 434,900 Average Sale Price Median Sale Price $ 524,900 $ 436,500 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Median List Price Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

9 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 Taxes $4,233 $4,042 $ $7, Bedrooms Washrooms Days on Market

10 Keswick North $ Average List Price 467,468 Median List Price $ 469,900 Average Sale Price Median Sale Price $ 466,900 $ 470,200 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

11 Keswick North 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 Taxes $3,545 $3,543 $2, $4, Bedrooms Washrooms Days on Market

12 Keswick South Average List Price $ 470,831 $ 454,950 Average Sale Price Median Sale Price $ 493,996 $ 478,000 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Median List Price Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

13 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 Taxes $3,394 $3,116 $2, $5,220 Bedrooms Washrooms Days on Market

14 Pefferlaw Average List Price Median List Price $ 346,499 $ 325,000 Average Sale Price Median Sale Price $ 342,416 $ 320,000 The Average House Has... Average Sold 2 Bedrooms Sale/List Listings % Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

15 Pefferlaw 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 Taxes $2,464 $1,988 $ $4, Bedrooms Washrooms Days on Market

16 Sutton & Jackson's Point Average List Price Median List Price $ 463,913 $ 474,900 Average Sale Price Median Sale Price $ 456,145 $ 479,000 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

17 Sutton & Jackson s Point 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 Taxes $3,440 $3,560 $1, $4, Bedrooms Washrooms Days on Market

18 Virginia Average List Price Median List Price $ 372,375 $ 329,900 Average Sale Price Median Sale Price $ 360,000 $ 324,500 The Average House Has... Average Sold 3 Bedrooms Sale/List Listings % Washrooms Average For the full report contact: Days on Market Daniel@FochFamily.com

19 Virginia 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 Taxes $3,397 $2,713 $2, $6, Bedrooms Washrooms Days on Market

20 Daniel Foch Kathy Foch CONTACT US. Sales Representative T: E: Broker T: E: Royal LePage 2015 Rookie of the Year Award Winner for new agents Royal LePage 2015 Diamond Award Winner Top 3% in Canada