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DON McASKIN

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2019 Real Estate Market Conditions

(Published on - 4/1/2019 4:50:44 PM)

February 2019 Real Estate Market Conditions & Stats

 

  • February 2019 Real Estate Market Conditions & Stats

    • All Sales recorded in our Region for February 2019 was down 1.9% from February 2018. 
    • Residential sales activity within the City of Barrie numbered 98 sales in February 2019. This was down 31% on a year-over-year basis. 
    • year-over-year increase of 30.6% was recorded in surrounding areas, where sales activity totaled 158 units in February 2019.
    • Home Price Index is a more accurate way to track price trends.   The HPI , or benchmark price for Barrie and District was $458,600 in February 2019.  Down only 4.3% compared with February 2018.
    • Benchmark price (HPI) for single family homes was $468,800, down 5%
    • Benchmark price for townhomes was $298,000, up 3.7%
    • Benchmark price for Apartment style units was $344,500, up 8.6%
    • Average price of homes sold in February 2019 was $519,496, an increase of 2.4% from February 2018.
    • The year-to-date average price for homes sold was $504,689, a decrease of 1.4 % from the first two months of 2018.

    The government stress test on mortgage rates has impacted sales significantly, as more homes are selling under $500,000.  More townhomes are selling then single family homes.  Volume of sales are down slightly.  Overall the sale prices are about the same as last year. 

    Interest rates are on their way DOWN!   I predict a very active or normal market conditions for the balance of 2019...



 

 

January 2019 Real Estate Market Conditions & Stats

  • Residential property sales activity numbered 94 sales in January 2019 in the City of Barrie. This was down 12.1% on a year-over-year basis.
  • A year-over-year increase of 9.6% was recorded in surrounding areas, where sales activity totaled 114 units in January 2019.
  • The average price of homes sold in January 2019 was $490,553.
  • There were 569 new residential listings in January 2019. This was up 7% on a year-over-year basis.
  • Active residential listings numbered 887 units at the end of January, an increase of 15.8% from levels seen at the end of January 2018.
  • The dollar value of all home sales in January 2019 was $99.6 million, down 8.2% from the same month in 2018.

Are you ready to make the leap into the buyers market? Start by looking at Realty Executives of Simcoe's newest Listings!


2019's Colour of The Year

(Published on - 3/27/2019 2:42:04 PM)

2019's Colour of the Year

LIVING CORAL

The Eye-Catchign & Inviting Colour 

The Pantone Color Institute has announced its colour of the year for 2019, Living Coral (16-1546) is vibrant yet comforting pink. This colour welcomes, is sociable and encourages lighthearted activity. Symbolizing our innate need for optimism and joyful pursuits. Living Coral represents our desires for playful expression! Living Coral represents a nuturing color that appears in our natural surroundings while also, displaying a lively presence within social media. 

For the past 20 years, Pantone's Color of the Year has been an influencer for product development and purchasing decisions in multiple industries; fashion, industrial design, home furnishings and designs as well as graphic design.

 To arrive at the selection each year, Pantone’s color experts at the Pantone Color Institute comb the world looking for new colour influences. This can include the entertainment industry and films in production, traveling art collections and new artists, fashion, all areas of design, popular travel destinations, as well as new lifestyles, playstyles, and socio-economic conditions. Influences may also stem from new technologies, materials, textures, and effects that impact colour, relevant social media platforms and even upcoming sporting events that capture worldwide attention.

Ready To Paint Your Home Like Pro? Learn Tips & Tricks Here!


3383 Muskoka Street, Severn Ontario WASHAGO For Sale Now!

(Published on - 3/18/2019 2:04:09 PM)

Muskoka Street, Severn

3383 Muskoka Street, Severn Ontario

For Sale- "Hoopers"

MLS #30718033 

Price: $629,900

Located on the Main Street of Washago.  Cottage and Lake country. 

  • Residence (live and work and play)
  • Retail Store (two stores in one)
  • Cafe/bakery

Hoopers

 

Selling a Building with a Residence ( upstairs) and Business (Main floor) all in one. Owner wanting to retire. Great opportunity? Live and Work, get away from the busy city life.

Upstairs is a Full Apartment/Residence, updated and rebuilt over the last 4 years. Main floor features Cafe/baked goods, and Retail Business.  (Chattel List available)

Established Cafe/bakery/retail sales have been increasing every year. Very Busy downtown area. Quick Hwy access to the year round and summer residents. Great Summer retreats. Area surrounded by Lakes and Bays.

Check out Washago, a small community located north of Orillia close to Highway 11 in the Township of Severn.  Home Hardware and several other business's make up a vibrant and Active Washago downtown.   Its downtown includes great local restaurants and stores which typically source local products! The downtown is also in close proximity to the Green & Black Rivers, and northern Lake Couchiching with access to the Trent-Severn Waterway. Washago is a great place to plan a stop to enjoy a leisurely stroll and visit the shops and dining locations.  Washago founded in 1906, read the history of a community with a great location to grow.

Full List of Inclusions with the Purchase.  

Listen to Residents describe why they live in Washago!

 

Many Options with this Property, Investment Property in Washago, Live and Work.

  • Lease out the store
  • Lease out the Residence
  • Use as short term rental via Airbnb etc,

  

Questions? Need Advice? Complete this form for more information.

Contact Information::









  


BARRIE REAL ESTATE CURRENT MARKET CONDITIONS

(Published on - 1/21/2019 4:27:31 PM)

 

December 2018 Real Estate Market Conditions & Stats

  • In the City of Barrie, there was a total of 105 residential sales in December 2018; down 19.8% on a year-over-year basis.
  • In the surrounding areas, there was a year-over-year decrease of 15.7%, with a total of 91 units in December 2018.
  • The average price of homes sold in December 2018 was $484,919, down 2.1% from December 2017.
  • There were 270 new residential listings in December 2018. This was down 5.9% on a year-over-year basis but remains above most other months of December in history.
  • The dollar value of all home sales in December 2018 was $93.1 million, falling 21.4% from the same month in 2017.

The End of 2018.

  • On an annual basis, home sales totalled 4,272 units in 2018, a decrease of 15.5% from 2017.
  • The annual price figure for ALL homes sold within the City of Barrie in 2018 was $477,636. When compared to annual selling price in 2017 this showed a decrease of 3.5%. 
  • The annual price figure for homes sold in the surrounding areas was $522,124 in 2018, again with a decrease of 5.6% compared to 2017.
  • Active residential listings numbered 845 units at the end of 2018, an increase of 13.7% from levels seen at the end of 2017.

 

 

November 2018 Real Estate Market Conditions & Stats

  • Home sales in Barrie totaled 4,069 units over the first 11 months of 2018; a decrease of 15.5% from the same period in 2017.
  • Within the City of Barrie, there was a total of 165 residential sales in November 2018; down 17.5% on a year-over-year basis.
  • In the surrounding areas, a total of 154 units were sold; a decrease of 15.8% was recorded for November 2018.
  • The average price of homes sold in November 2018 was $477,039, edging down 1.3% from November 2017.

  • The average price figure for homes sold within the City of Barrie at this point in 2018 is $478,105. This resulting in a decrease of 3.8% compared with the average selling price in the first 11 months of 2017.
  • The year-to-date average price figure in surrounding areas was $522,869, a decrease of 5.6% from the first 11 months of 2017.

 

September 2018 Real Estate Market Conditions & Stats

  • Home sales in the City of Barrie totalled 175 residential sales in September 2018. This is an decrease of 3.8% on a year-over-year basis.
  • A year-over-year increase of 5.8% was recorded for residential sales in the surrounding areas. 
  • The average price of homes sold within the City of Barrie up to this point in 2018 was $479,716. A decrease of 4.5% when compared to the average selling price in the first nine months of 2017. 

  • The year-to-date average price of homes sold in the surrounding area up to this point in 2018 was $525,347. A decrease of 6.7% from the first nine months in 2017.
  • In September 2018, there were 905 new residential listings, a record for the month. An increase of just 6 listings on a year-over-year basis.
  • Active residential listings numbered, 1,587 units at the end of September. This was an increase of 22% from the end of September 2017 and marked the highest level for this month since 2011!

“Sales activity continues to run back at more moderate levels, broadly in line with the years before the record-setting 2014 – 2016 period,” said Geoff Halford, 2018 BDAR President. “Under this year’s new mortgage stress test, prices for more affordable home types have been holding up better compared to last year.”

 

August 2018 Real Estate Market Conditions & Stats

  • Homes sales in August totalled 424 units sold, an increase of 26.6% from August 2017. 
  • The City of Barrie had a total of 198 residential sales in August 2018, making it a 16.5% increase on a year-over-year basis.
  • In the surrounding areas, an increase of 39.2% was recorded, where sales totalled 231 units in August 2018.
  • The average price of homes sold in August 2018  was $496,415.
  • The year-to-date average price figure for homes sold within the City of Barrie at this point in 2018 was $481,268. This was a decrease of 4.9% compared to the average selling price in the first eight months of 2017.

 

Sales activity has been running at healthy if somewhat average levels this summer, which is quite a bit higher than back in the spring,” said Geoff Halford, 2018 BDAR President. “Prices are still down a bit on a year-over-year basis, but those declines have been getting smaller. On a month-to-month basis, prices have been sliding more or less sideways over the last year.”

 Looking for Homes between $300,000 and $500,000.  Click link below to search now.

 

July 2018 Real Estate Market Conditions & Stats

  • Home sales totaled 2,590 units over the first seven months of the year on a year-to-date basis. This was down 22.8% from the same period in 2017
  • Within the City of Barrie, sales activity numbered 182 residential sales in July 2018; this was up 14.5% on a year-over-year basis compared July 2017.
  • The average price figure in surrounding areas up to this point in 2018 was $527,916, a decrease of 7.6% from the first seven months of 2017.

An Increase In Home Sales

  • The dollar value of homes sold in July 2018 was $197.9 million, rising 28.9% from the same month in 2017.
  • In July 2018 there were 879 new residential listings. A record for the month. That said, the large increase of 93.6% on a year-over-year basis was actually more reflective of how few new listings there were in July 2017.
  • Sales of all property types in the City of Barrie numbered 400 units in July 2018. This showed an increase of 21.6% from July 2017. The total value of all properties sold was $205 million, rising 28.6% from July 2017.

Looking to Buy? Join the search below for homes for Sale between $300,000-$500,000

Search Homes

 

  

May 2018 Real Estate Market Conditions & Stats

  • Barrie and District home sales remain at subdued levels in May
  • listings becoming more plentiful
  • 419 units in Sold in May 2018, this was down 26.4% from May 2017.
  • home sales totalled 1,699 units over the first five months of 2018.
  • a decline in number of sales equal to 35.4% from the same period in 2017. 
  • Barrie, sales of 190 units in May 2018, down 36.5% compared to May 2017.

Note:  After record Levels of sales activity, any decline just means we are getting back to a normal market...hopefully.

 

Home Evaluation

 REAL ESTATE HOME SALES SLOW

  • Average price of homes sold in May 2018 was $501,968, down 5.5% from May 2017. The year-to-date average price figure for homes sold within the City of Barrie at this point in June 2018 was $479,509.
  • This was a decrease of 6.8% compared to the average selling price in the first five months of 2017.
  • There were a record 1,243 new residential listings in May 2018. This was a jump of 74.3% from last May.
  • Active residential listings numbered 1,699 units at the end of May, nearly double last May’s low point. The long-term average for the end of May is closer to 1,400 listings.

Months of inventory numbered 4.1 at the end of May 2018, up from the extremely low 1.5 months recorded at the end of May 2017 and back in line with the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

 Looking for Homes between $300,000 and $500,000.  Click link below to search now.Search Homes

 

 

Don McAskin

 

April Real Estate Market StatsBarrie & District Homes

Within the City of Barrie, sales activity for April 2018 was down 42.8% on a year-over-year basis compared to April 2017, with a number of 182 residential sales. The average price of homes sold in April 2018 was $477,512, decreasing by 15.5% from April 2017. As with sales activity, year-over-year comparisons should begin to improve in the months ahead.

2018 vs. 2017

The year-to-date average price figure for homes sold within the City of Barrie at this point in 2018 was $484,593. This was a decrease of 8.6% compared to the average selling price in the first four months of 2017. There were 877 new residential listings in April 2018. This was down 7.3% on a year-over-year basis.

 

Sales activity remained at subdued levels in April, althoughyear-over-year comparisons are really being stretched at the moment by last year’s record spring, That said, April’s year-over-year drop in sales was much smaller than March’s, and those year-over-year declines should continue to shrink pretty rapidly owing to how fast buyers went to the sidelines last spring and summer following the announcement of the Ontario Fair Housing Plan.


 

March Real Estate Market Stats

 

Barrie & District Homes

In March 2018 there was a total of 370 residential units sold. A decrease of 49.5% from last years all-time monthly record. The City of Barre fell 57.2% on a year-over-year basis. A year-over-year decrease of 40.8% was recorded in surrounding areas, where sales activity totalled 203 units.

2018 vs. 2017

The average price of homes was $513,359, down 6.9% from the first three months of 2017. Within Barrie, the average price homes sold in 2018 was $521,965, showing a decrease of 7% when compared to the average selling price from the first three months of 2017. The average price figure for homes in the surrounding area up to this point in 2018 was $585,136, a decrease of 7.2% from the first three months of 2017.


“Sales activity remained at subdued levels in March, although the year-over-year decline really stretches the point given that last March was the all-time peak for sales in the region,” said Geoff Halford, 2018 BDAR President. “Those year-over-year declines should start to shrink pretty rapidly starting next month owing to how fast buyers went to the sidelines last spring and summer and may even be back in positive territory a few months from now.”

Are you ready to make the leap into the buyers market? Start by looking at Realty Executives of Simcoe's newest Listings!

 

February Real Estate Market Stats

Barrie & District Homes

During February 2018 residential property sales recorded 263 units, down 43.2% from last years record month in 2017. The City of Barrie saw sales activity down 45.9% on a year-over-year basis, and saw 139 residential sales in February 2018. The surrounding areas saw a decrease year-over-year of 39.8%, with a total of 124 units.

The dollar value of all homes sold in February 2018 was $133 million dollars, down 45.7% from the previous years record. 

The average price for homes sold during February 2018 was $506,883, a decrease of 4.5% from February 2017. The year-to-date average price edged down 0.1% from January and February 2017 to reach $511,838. The year-to-date average price for homes sold in the surrounding areas was $542,821, an increase of 2.2% from 2017. 

“Sales activity remained at subdued levels in February, adding to evidence that some buyers moved up purchases in advance of the new mortgage stress test,” said Geoff Halford, 2018 BDAR President. “It could take a few more months for the sales levels to return to traditional levels. In the meantime, year-over-year comparisons will likely continue to be rather unflattering given how extreme the market was last year, particularly last March.”

 Are you ready to make the leap into the buyers market? Start your research with our free tool and search the MLS, save your favourite homes and setup daily listing alerts by visiting our Property search page!

 

 

January Real Estate Market Stats

Barrie & District Homes

During January 2018 the City of Barrie sales activity was down 17.7% on a year-over-year basis. Barrie saw 107 residential sales, showing a year-over-year decrease of 20.9% recorded in surrounding areas, where sales activity totalled 102 units. The average price for homes sold in Barrie during January 2018 was $522,053, an increase of 8.7% from January 2017. The surrounding areas saw an average price figure of $541,321; an increase of 8.2%. The value of home sales during January 2018 was $109.6 million dollars, a decrease of 11.8% from last years levels. This is still the second highest value for January residential sales on record!

“As was widely expected, home sales in the region pulled back in January compared to the rally seen at the end of last year, bolstering the idea that some buyers moved up purchases in advance of the new mortgage stress test,” said Geoff Halford, 2018 BDAR President. “For that reason January’s sales decline should be taken with a grain of salt, as many of those missing sales were likely just shifted into November and December. It will likely take a few months for things to balance out.”
Are you ready to make the leap into the buyers market? Start your research with our free tool and search the MLS, save your favourite homes and setup daily listing alerts by visiting our Property search page!


For Sale, 31 Ross Street, Barrie Ontario

(Published on - 1/9/2019 5:15:12 PM)

COMMERCIAL PROPERTY FOR SALE

31 ROSS STREET

Barrie, ON L4N 1E8

MLS: 30696832

Price: $695,000

SqFt: 1,395

FEATURES

31 Ross Street is located in the prime downtown heart of the City of Barrie. This commerical property is a walk to the waterfront, recently updated interior with fenced backyard. Work and live in while operating your own Business. Perfect spot for Small Business, such as: Financial Services, Therapy Office, Law, Accounting, Gallery, Cannabis, etc. 

Are you ready to make the leap into the buyers market? Start your research with our free tool and search the MLS, save your favourite homes and setup daily listing alerts by visiting our Property search page! 


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Broker of Record

DON McASKIN

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