This summary is strictly property types being DETACHED, SEMI-DETACHED AND FREEHOLD TOWNHOUSES in Georgina. Within this category, 2025 is showing that we are stilling sporting a Sellers market with similar reasoning as December...fewer sales and typically sales are not competitive as fewer buyers are out looking during and just after the holiday season. In reviewing January of 2024 over January 2025, same number of sales. Good to note, inventory was much less and sale prices were higher in the DETACHED sector in January 2024 but much lower in the ATTACHED sector.
Reviewing TRREB overall sales recording for Georgina, we see that number of total sales year over year was up by 13.75% with the Median Sales Prices drop by less than 1% (.6%). Georgina appears to be holding its own with its real estate market.
With the existing turmoil within Canada, lack of leadership, and coupled with outside infliction of pressure from our southern neighbors, 2025 leaves us all wishing we had a crystal ball that works.
I still believe that sellers and buyers need to continue to work together and have some flexibility so it all works out. Real estate representatives need to actually work a lot harder, communicate more with each other, and devise options for their clients and each other to pull these deals together.