Realty Executives of Simcoe Inc. Brokerage

DON McASKIN

Broker of Record (705) 727-6777

DON McASKIN

Blog

BARRIE REAL ESTATE CURRENT MARKET CONDITIONS

(Published on - 6/11/2018 2:59:31 PM)

April Real Estate Market Stats

Barrie & 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,” said Geoff Halford, 2018 BDAR President. “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!

 

 

December Real Estate Market Stats

Barrie & District Homes

Barrie and district home sales continued to rise during December 2017. A total of 229 units were recorded sold, a 3.2% increase from December 2016. In the City of Barrie a total of 132 residential sales in December 2017. The surrounding areas totalled 96 units, showing a year-over-year increase of 5.5%. The value of all home sales was $113.2 million dollars, an increase of 4.7% from last years levels; making it a new December record. New residential listings also rose by 24.2% from December 2016 to 267 units in December 2017. This was the highest December level on record!

“Home sales in the region continued to trend higher this December, to the point that December 2017 was tied with December 2006 for the second best sales figure ever for that month,” said Geoff Halford, 2018 BDAR President.

 

 

November Market Stats

 

Barrie & District Homes 

Sales during November 2017 stood above both the 5 and 10 year averages for the month. Marking a significant rebound from the low reached in August 2017.

Within the City of Barrie, the sales activity had declined 24.1 % on a year-over-year basis in November. The City of Barrie saw 195 residential sales in November 2017. In surrounding areas, there was a year-over-year decrease of 4.6 % recorded, where sales activity totaled 166 units. The year-to-date average price for homes sold within the City of Barrie was $497,130. This was an increase of 20.8 % compared to the average price in 2016.

The year-to-date average price figure for the surrounding areas in 2017 was $543,447, an increase of 18.4% from the average selling price in 2016. The value of all home sales in November 2017 was $175.1 million, falling 14 % from last year’s levels. Active residential listings on the associations MLS® system saw 1,018 units at the end of November 2017. This was a rise of 72.3% from last year’s low levels, but still below average. 

Caution

The Barrie & District Association of Realtors® brings caution that over a period of time, the use of average price information can be highly useful in establishing trends. It does not however, indicate the actual prices in widely divergent areas or account for price differentials between geographical areas.

 

Barrie and District home sales continue to improve in October, but activity still down from last year’s record levels

  • Residential property sales recorded through MLS numbered 378 units in October 2017, falling 21.4% from October in 2016.
  • A lowest point of sales was reached in August 2017.   (Good time to Buy)
  • From November 2016 to April 2017 the average sale price was up 23%. 
  • From April 2017 to August 2017 average sale price for Barrie was down 20%.  Total for the year November 2016 to October 2017, average sale price was up 2%.

 

 

  • The average price for all homes sold via the association’s MLS® was $528,484.
  • The average price figure for homes sold within the City of Barrie was $503,511.
  • The average price figure for the surrounding areas in 2017 was $548,676.

 

There were 3.3 months of inventory at the end of October 2017, up from 1.7 months a year earlier but still well below 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.

 

Sales of all property types in the Barrie region numbered 395 units in October, down 24% compared to October 2016. The total value of all properties sold in October 2017 was $193.5 million, down 18.8% on a year-over-year basis.

 

  • As of October this year the market has picked up, sales are up.  Will the market keep rising or will the new Stress test on Mortgages once again slow the market down?
  • The New government initiated Stress test starts January 1st, 2018.
  • Need to know more about how it works or get approved before this date! 

Email me: don@realtyexecutives.com

  • GET A MORTGAGE APPLICATION COMPLETED NOW.  ONLINE!
  • Your Dream Home is Only a click Away. 

The Above Graph shows the steady decline in number of listings for the month of October year over years.  The 10 year average of Active Listings and how the inventory levels started to decline below the average as early as 2013.  2016 being the lowest inventory for a long time.  The decline in inventory is directly related the Prices rising or falling.  Even in 2017 we are still not back to Average inventory levels.  

 

For this reason I believe local Barrie Real Estate market will be strong in 2018,  it will be a good time to Buy!

Search Barrie Homes.  Search Homes and create Your very own Account with Auto responders, let the machine do the looking for You!   Check it out Here!

 

Interested in YOUR HOMES VALUE TODAY, QUICK EVALUATION, ONLINE & FREE

 

Monthly Statistics for June 2017

  • Average price homes sold for in Barrie was $524,873; up 14 %
  • Average price homes sold for in Essa Township was $608,143 up 35%
  • Oro-Medonte Township and Springwater Township posted an average selling price of $700-$734,000; up 28%
  • The Town of Innisfil posted an average selling price of $542,125; up 6%

"The large spike in sales we saw earlier this year is moving back towards more normal levels this summer. Prices are still on the rise, but not at the rate we are seeing previously" - Rob Alexander, 2017 President, Barrie & District Association of REALTORS Inc. (BDAR).


Barrie and District home sales set new all-time record in March 2017

  • Average price homes sold in Barrie was $520,624 up 37.3% 
    Average price for surrounding areas 2017 was $578,122, up 34.3%
  • Overall supply is currently trending at the lowest levels on record. Active residential listings on the association’s MLS® System numbered 573 units at the end of March 2017, down 37.8% from year-ago levels.
  • There was a record low 0.8 months of inventory at the end of March 2017, down from 1.7 months a year earlier and the first month to ever dip below one month of inventory. 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. 

 

Average Prices Barrie

Inventory at Record Levels

 

Barrie and District home sales smash February record - 2017

  • Average price for all homes sold via the Barrie association’s MLS® System was $511,214, up 30.1% from 2016.
  • Average price for homes sold in Barrie was $494,968. This was an increase of 32.9% compared to average selling price in 2016.
  • Average price for the surrounding areas in 2017 was $524,901, an increase of 24.2% from the average selling price in 2016.

Average Price Barrie

There were just 1.1 months of inventory at the end of February 2017, down from 2.3 months a year earlier. 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.

Inventory

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

Contact Information::









The local housing market is currently facing a supply shortage, causes mostly relating to a slow build up of demand relating to lack of new building lots.  Annexed lands will come on line in a year or two but most likely will be pre-sold before a shovel is in the ground.  This demand seems to want to continue for a few more years.

Search Homes in Barrie before prices go up.

Overall supply is currently trending at the lowest levels on record. Active residential listings on the association’s MLS® System numbered 491 units at the end of February 2017, down 39% from year-ago levels. This was the third consecutive month with fewer than 500 active listings.

Home Evaluation

 

Helping to Sell Your Home with On Demand Marketing 

 

 

March 2016 Real Estate Stats Barrie Ontario

Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 553 units in March 2016, an increase of 22.6 per cent from March 2015. This was the most active month of March on record.

Within the City of Barrie, sales activity rose 16.4 per cent on a year-over-year basis. The City of Barrie saw 320 residential sales in March. A year-over-year increase of 37.5 per cent was recorded in surrounding areas, where sales activity totalled 242 units.

While we know the demand is definitely there and very strong, there is some question as to whether activity will be able to repeat the strength we saw in March for the simple fact that there may not be enough properties for people to buy. The stock of listings on the market at the end of the month is now under 1,000 which makes for less than two months of inventory. That’s almost unprecedented, so new listings will play a critical role in the months ahead. Meanwhile, with the market currently the tightest it’s ever been, competition among buyers is leading to double digit price gains.

 

  • Average price for all homes sold MLS®was $400,236, up15% from March 2015.
  • Average sale price for City of Barrie was $379,227 a 17.2% increase.
  • Average sale price for surrounding areas  was $430,407, increase of 11.8% 

 

 

There were just 1.7 months of inventory at the end of March 2016, down from 2.7 months a year earlier and well below 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.

Sales of all property types in the Barrie region numbered 573 units in March, up 24 per cent compared to March 2015. The total value of all properties sold in March 2016 was $230.9 million, up 41.6 per cent on a year-over-year basis.

 

February 2016 Real Estate Stats Barrie Ontario

Posted by: Don McAskin, Broker of Record Realty Executives Of Simcoe Inc. Brokerage

City of Barrie

The average selling price in the City of Barrie as of February 2016 is now $422,631, an increase of 19% over February 2015. WOW!! Find out the Value of Your Home

Residential townhomes, link and semi-detached homes in the City of Barrie posted an average selling price of $315,794 in February 2016, an increase of 19% over February 2015.

Barrie Average price chart

Condominium homes the new average selling price for February 2016 was $245,945, a 12% increase over February 2015.

Search Barrie Homes Now!

Overall supply is currently trending at the lowest levels on record. Active residential listings on the Association’s MLS® System numbered 708 units at the end of January 2016, down 22.7 per cent from year-ago levels.

There were just 3.2 months of inventory at the end of January 2016, down from 4.2 months a year earlier and below 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.

Highlights:

  • National home sales edged up by 0.5% from December to January.
  • Actual (not seasonally adjusted) activity was up 8% compared to January 2015.
  • The number of newly listed homes retreated by 4.9% from December to January.
  • The Canadian housing market has tightened but remains balanced overall
  • The MLS® Home Price Index (HPI) rose 7.7% year-over-year in January.
  • The national average sale price rose 17% on a year-over-year basis in January; however, excluding British Columbia and Ontario, it edged down 0.3%.

Barrie & District home sales post healthy month of January

 

Barrie Market Stats, January 2015

Silver logo


Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 218 units in January 2015. This was an increase of 12.4 per cent from January 2014.

There were 4.2 months of inventory at the end of January 2015. This was down from the end of January 2014 and stood below 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.

 

months of inventory Jan 2015

 

 Within the City of Barrie sales activity rose 17.9 per cent on a year-over-year basis. The City of Barrie saw 125 residential sales in January. A year-over-year increase of 5.7 per cent was recorded in surrounding areas, where sales activity totalled 93 units.  January marked a solid start to 2015 for home sales in the Barrie region, with activity coming in above both the five and 10-year averages for the month, With months of supply running near record lows, the average home price continues to rise.

Search properties in Barrie, Ontario

The average price for all homes sold via the Association’s MLS® System in January 2015 was $337,718, up 6.4 per cent from January 2014. The average price figure for homes sold within the City of Barrie was $319,332. This was a 9.2 per cent increase compared to the average selling price in January 2014. The average price figure for the surrounding areas was $362,431, an increase of 4.2 per cent from the previous January.

sales activity

 Market Conditions in Barrie, Ontario 

The dollar value of all home sales in January 2015 was $73.6 million, rising 19.5 per cent from year-ago levels. This was a record for the month of January. January posted another increase in new supply. New supply has risen by double-digit figures on a year-over-year basis in eight of nine past months. New residential listings rose 10.0 per cent from January 2014 to 507 units in January 2015. Overall supply remains below most of the past decade. Active residential listings on the Association’s MLS® System numbered 916 units at the end of January 2015, down just three units from year-ago levels.

Sales of all property types in the Barrie region numbered 228 units in January, rising 14.0 per cent compared to January 2014. The total value of all properties sold in January 2015 was $75.9 million, up 21.1 per cent on a year-over-year basis.

Buying or Selling in Barrie, Ontario?


19 Imperial Crown Lane, Barrie, Ontario

(Published on - 5/14/2018 4:13:32 PM)

 

19 Imperial Crown Lane

Barrie, Ontario

Listing Details

19 Imperial Crown Lane,  Barrie, Ontario L4N 0T4

  • MLS: 30592715
  • Price: $599,00 REDUCED PRICE!
  • Across from a Park and Forested Area.
  • Bedrooms: 3.0 : Baths: 2.0
  • Area: 1,873 SqFt approx. Main floor, and 1500+ down(finishing touches)

 

 

 

Barrie Bungalow Highlights

  • Beautiful sought after Ranch Bungalow in Simcoe Shores (south Barrie), mostly hardwood floors.
  • Breakfast nook boasts huge picture window facing parkland and conservation area.
  • Bright eat-in Kitchen features large island, pot lights, pantry, double sink, built in cook top, oven microwave & dishwasher. Countertops all granite-like looking. 
  • Convenient Main Floor laundry with access to double garage
  • Main Floor Family Room features Hardwood floors, Vaulted ceilings, Gas Fireplace

Search current inventory of Barrie Properties here

Book a Showing Now! 

 

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

Contact Information::









 


125 Huronia Rd Unit 10, Barrie Ontario For Sale

(Published on - 5/11/2018 2:50:31 PM)

125 Huronia Rd Unit 10, Barrie Ontario

For Sale

MLS: 30656965

Price $459,000

Bedrooms: 2.0

Bathrooms: 2.0

Features

Upgraded Executive Town-Home in Exclusive South End Barrie & 2 Four Bathrooms - 2 New Counter Tops + Vanity in Both Bathrooms. Countless upgrades throughout - 9 Foot Ceilings, Hardwood Floors, Rounded Corners, Pot Lights, California Knock Down Ceilings, Skylight Window, Garage Door Opener, etc. Kitchen with Crown Moldings and 7 Appliances. Amazing Layout with an Open-Concept Second Floor Loft.


3383 Muskoka Street, Severn Ontario For Sale Now!

(Published on - 5/4/2018 11:18:55 PM)

Muskoka Street, Severn

3383 Muskoka Street, Severn Ontario

For Sale 

MLS #30650833

Price: $725,000

Features 

Super Location. This property includes a full time:

  • Residence,
  • Retail Store and
  • Cafe.

Building, Residence and Business all in one. Owner wanting to retire. Great opportunity? Live and Work, get away from the busy city.

Full Apartment/Residence upstairs, updated and rebuilt over the last 4 years. Main floor features Cafe/baked goods, and Retail Business.

Located on the main Street of Washago, sales 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. 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.

Book your showing at 3383 Muskoka Street, Severn ON today!

 

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

Contact Information::









 

 


244 Penetanguishene Rd Unit 10, Barrie ON For Sale

(Published on - 4/27/2018 4:53:50 PM)

For Sale

244 Penetanguishene Rd Unit 10, Barrie ON

MLS #30650902

Price: $369,900

Bedrooms: 4

Bathrooms: 4

Features

Super investment for First time Buyer, let the rental income pay your expenses! Unique 4 bedroom, 4 bathroom, 6 stainless steel appliances included. Ultimate Privacy in each room! Income property, managed, maintained and almost new. Walk to Georgian College, Hospital (RVH), great setup for students. 

View Income & Expense Sheet Here

 View this Barrie Listing Now

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!


Posts

;

Copyright 2018 Realty Executives All Rights Reserved

Broker of Record

DON McASKIN

Contact
Disclaimer: Independently Owned & Operated Mortgage Broker License #11970