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Georgina Housing Market Report

By Patrick Ross · Reviewed By Jacob Norris · Last Updated December 4, 2024
Georgina housing market report

Georgina housing market overview

  • The average home price in Georgina was $823,914 — a -3.45% year-over-year decrease.
  • The median home price in Georgina was $795,000 — a -0.19% year-over-year decrease.
  • The average detached home price decreased -5.12% year-over-year to $829,767
  • The semi-detached home price increased 0% year-over-year to $795,000
  • The condo townhouse home price increased 1.46% year-over-year to $757,975
  • The average condo apartment home price increased 0% year-over-year to $0

Table of contents

Average home price trends

The average home price across all property types in Georgina was $823,914. Home prices have decreased -3.45% year-over-year compared to the average home price of $853,327 the prior year. The average home price across all property types saw a -2.13% month-over-month decreased from the average home price of $841,814 the prior month. Here is how the average home price has changed across property types.

Read More: Toronto (GTA) Home Prices

Property Type Average M/M Y/Y
Detached $829,767 -2.68% -5.12%
Semi-Detached $795,000 +6.43% +0%
Condo Townhouse $757,975 -2.64% +1.46%
Condo Apartment $0 +0% +0%

Important Market Metrics

Sales

Total sales in Georgina were 55 which is a 83.33% increase from 30 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 50 — a 100% Y/Y increase
  • Semi-Detached: 1 — a 0% Y/Y increase
  • Condo Townhouse: 4 — a -20% Y/Y decrease
  • Condo Apartment: 0 — a 0% Y/Y increase

Inventory

The housing inventory this month is 4.3 months which is up from 4.4 months of inventory the prior month and 3.1 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Georgina had total new listings of 119 which is a 10.19% Y/Y increase and -21.71% M/M decrease.

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand the balance of supply and demand in the housing market which helps determine who has the majority of negotiating power in the housing market. The sales-to-new-listings ratio (SNLR) in Georgina was 36.1% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

All property types

The highest historical average home price in Georgina was $0. The highest historical median home price was $0.

Stat August 2024 Y/Y Change
Average Price $823,914 -3.45%
Median Price $795,000 -0.19%
Sales 55 +83.33%
New Listings 119 +10.19%
Active Listings 267 +32.18%

Single-family detached home prices in Georgina

Stat August 2024 Y/Y Change
Average Price $829,767 -5.12%
Median Price $802,500 -3.31%
Sales 50 +100%
New Listings 106 +4.95%
Active Listings 245 +27.6%

Semi-detached home prices in Georgina

Stat August 2024 Y/Y Change
Average Price $795,000 +0%
Median Price $795,000 +0%
Sales 1 +0%
New Listings 2 +0%
Active Listings 5 +150%

Condo townhouse prices in Georgina

Stat August 2024 Y/Y Change
Average Price $757,975 +1.46%
Median Price $734,950 -6.38%
Sales 4 -20%
New Listings 8 +166.67%
Active Listings 11 +266.67%

Condo apartment prices in Georgina

Stat August 2024 Y/Y Change
Average Price $0 +0%
Median Price $0 +0%
Sales 0 +0%
New Listings 3 +50%
Active Listings 6 +20%

Other housing market reports across the greater Toronto area:

Toronto

Halton Region

Peel Region

York Region

Durham Region

Dufferin County

Simcoe County

source: TREB