Condo Market Report

'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

The average number of days on market to sell a condo apartment last month was 36 days, which was an additional week longer than in June

'During the first quarter of the year, Barrie’s real-estate market was the most heated seller’s market in history,' says condo columnist

'It was so drastic that it felt like the market had frozen overnight,' says columnist

In April, 28 condo apartments were sold in Barrie with an average sale price of $639,344

'Buyers are tired, interest rates are rising and prices are becoming out of reach for many,' says condo columnist

Average sale price in February sets new record high of $632,038 for condo apartments in Barrie

Buyers use this strategy to shorten timeframe for other buyers to view property in hopes it will reduce their competition when seller reviews offers, says columnist

'Condominiums are a hot commodity in Barrie because many people have been priced out of the residential freehold housing market,' says columnist

Average sale price for condo townhouse increased by 34% last month from November 2020, creating new record for this sector in Barrie