Condo Market Report

'There are serious buyers in the market and they are ready to buy, as long as they feel they are not overpaying,' says columnist

Average condo sale price in March was down 20% from same time last year

Last month, the average sale price for a condo townhouse in Barrie was $484,160 — down from $664,417 at the peak of the market

'If you would like to review the pet rules and regulations, make sure to put a condition in our offer that protects you as a buyer,' says columnist

'Unfortunately, many buyers are staying in the 'big city.' People are now back at the office working and with the high gas prices, the commute and the need to relocate, does not look as desirable,' says columnist

Year-over-year for December, average sale price for condo apartment went down 21% while condo townhouses decreased by by 6%

'Sellers became more realistic with their original list price as Barrie moved further into the fall market,' says columnist

'Since the market peaked in April, prices have been slowly coming down and are now back down to where they were in the fall of 2021,' says columnist

The first quarter of 2022 was the most dominant seller’s market that Barrie had ever experienced, says columnist

'The average days on market to sell a condo grew, prices decreased and sellers had to adjust their expectations as the market continued to move into a more balanced state,' says columnist