With a median listing price of $635,000, Georgetown is Canada’s 223th most expensive when ordered by median listing price.
While the median for Ontario is $349,900 , which means that Georgetown’s median price is $635,000 considerably better than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Is Georgetown a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Georgetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 27, this month we show 15.
Will prices rise across the next year in in Georgetown? There are a number of real estate indicators to consider.
In Georgetown, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.