NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The June 2020 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® Inc. (BDAR) region showed a strong year-over-year and month-over-month growth. The Housing Price Index (HPI) showed a month-over-month increase of 1.0 per cent from May 2020.
Quarter Two (Q2) Residential Real Estate Activity
Sales activity in Q2 2020 was not as strong as the year before, likely due to the COVID-19 lockdown. Average price during Q2 2020 was also up 12.0% as compared to Q2 2019. Both Barrie and Simcoe Country Excluding Barrie contributed to this.
Simcoe County
There was a 7.4 per cent decrease in units sold when compared to Q2 2019 (Q2 2020 with 1386 units sold vs Q2 2019 with 1497 units sold). The average price of homes in Simcoe county during Q2 2020 was $574,878 This was a 12.0 per cent growth from the same timeframe last year.
City of Barrie
The number of sales decreased by 10.0 per cent in Q2 2020 (631 units sold) when compared to Q2 2019 (701 units sold). Home prices within Barrie increased to $537,397, which was a 10.0 per cent increase from Q2 of last year.
Simcoe County Excluding Barrie
The number of sales decreased by 5.2 per cent in Q2 2020 (755 units sold) when compared to Q2 2019 (796 units sold). Simcoe County Excluding Barrie had an average price of $585,179. This was a 10.2 per cent increase from Q2 of 2019.
Month-Over-Month (June 2020 vs May 2020) All Residential Homes
Simcoe County
725 residential units were sold in Simcoe County last month—a 62.9 per cent increase from May 2020. During the same time a year ago (May 2019 to June 2019), there was a 3.0 per cent decrease in the number of units sold. The average price of residential units sold last month was $569,982—a 3.1 per cent increase from May 2020. In contrast, the average price a year ago decreased 0.1 per cent from May to June.
City of Barrie
325 units were sold last month within the City of Barrie, which was 53.3 per cent more than the number of units sold the month prior. A year ago, the number of units sold between June and May decreased by 7.3 per cent. The average price of units sold within Barrie during June 2020 was $552,164. This was 6.2 per cent more than the average price during May 2020. In contrast, the average price of units sold between June 2019 and May 2019 increased by 0.5 per cent.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 400 units were sold. This was 71.7 per cent more than the number of units sold during May 2020. During the same time a year ago, there was a 1.1 per cent increase in the number of units sold outside of Barrie. The average price of units sold in the areas outside of Barrie last month was $592,550. This was 2.1 per cent more than the month before. Between June 2019 and May 2019, the average price of units sold outside of Barrie declined by 2.9 per cent.
Innisfil
64 residential units were sold in Innisfil last month—an 18.5 per cent increase from May 2020. During the same period, a year ago (May 2019 to June 2019), there was a 3.7 per cent increase in the number of units sold. The average price of residential units sold for Innisfil last month was approximately $525,189 —a 1.0 per cnet increase from May 2020. In contrast, the average price a year ago increased by 3.8 per cent from May to June.
Orillia
46 residential units were sold in Orillia last month—a 91.7 per cent increase from May 2020. During the same period, a year ago (May 2019 to June 2019), there was a 76.9 per cent increase in the number of units sold. The average price of residential units sold for Orillia last month was approximately $456,579 —a 9.7 per cent increase from May 2020. In contrast, the average price a year ago decrease by 4.5 per cent from May to June.
Year-To-Date (YTD) (May 2020 YTD vs May 2019 YTD) All Residential Homes
Simcoe County
2599 residential units were sold in Simcoe County during June 2020 Year-To-Date (YTD) (January 1st, 2020 – June 30th, 2020). This was 7.7 per cent more than what was sold during the same timeframe last year (January 1st, 2019 – June 30th, 2019). The average price of residential units sold during June 2020 YTD was $554,680. This was 8.8 per cent greater than the average price during the same timeframe last year.
City of Barrie
1241 units were sold in the City of Barrie during June 2020 YTD. This was a 11.9 per cent growth from the same timeframe last year. This growth was greater than the increase in total Simcoe County (+7.7 per cent). The average price of units sold within the City of Barrie during June 2020 YTD was $528,692. This was 8.9 per cent more than the same timeframe last year, and this growth was greater than what was seen in the total Simcoe region (+8.8 per cent). During June 2020 YTD, Barrie accounted for 47.7 per cent of residential properties sold. This was 1.8 share points more than the same timeframe during 2019.
Simcoe County Excluding Barrie
1358 residential units were sold in the areas outside of Barrie during June 2020 YTD. This was 4.1 per cent more than the number of units sold during June 2019 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+7.7 per cent). The average price of units sold during this time was $567,269. This was 7.2 per cent greater than what was seen during June 2019 YTD. This growth was slightly less than that of total Simcoe (+8.8 per cent). During June 2020 YTD, Simcoe County Excluding Barrie accounted for 52.3 per cent of residential properties sold. This was 1.8 share points less than the same timeframe during 2019.
Innisfil
279 residential units were sold in Innisfil during June 2020 Year-To-Date (YTD). This was 3.1 per cent less than what was sold during the same timeframe last year. The average price of residential units sold during June 2020 YTD was $514,026. This was 2.3 per cent greater than the average price during the same timeframe last year.
Orillia
149 residential units were sold in Orillia during June 2020 Year-To-Date (YTD). This was 2.8 per cent less than what was sold during the same timeframe last year (January 1st, 2019 – June 30th, 2019). The average price of residential units sold during June 2020 YTD was $447,168. This was 3.7 per cent greater than the average price during the same timeframe last year.
Year-Over-Year (May 2020 vs May 2019) All Residential Homes
The Housing Price Index (HPI) showed a year-over-year increase of 11.9 per cent between June 2020 and June 2019.
Simcoe County
725 residential units were sold in Simcoe County last month — 47.1 per cent greater than the same time last year. As well, the average price of residential units sold was $569,982 which was 10.8 per cent greater than that of June 2019.
City of Barrie
325 residential units were sold during June 2020 within Barrie. This was 41.9 per cent more than the number of units sold during June 2019. This growth was less than that of total Simcoe County (+47.1 per cent). The average price of residential Barrie units sold during June 2020 was $552,164—11.8 per cent greater than the average price of units sold during June 2019. This growth was slightly more than the average-price growth of total Simcoe County (+10.8 per cent). Sales in Barrie accounted for 44.8 per cent of residential sales in Simcoe County last month. This was 1.6 share points less than the same time last year.
Simcoe County
Excluding Barrie 400 residential units were sold outside of Barrie during June 2020, and this was 51.5 per cent more than the number of units sold during June 2019. This growth was greater than the 47.1 per cent growth seen in the total Simcoe Region.
The average price of units sold in Simcoe County Excluding Barrie last month was $592,550. This was a 12.5 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+10.8 per cent). Residential property sales outside of Barrie accounted for 55.2 per cent of sales in Simcoe County last month. This was 1.6 share points more than the same time last year.
Innisfil
64 residential units were sold in Innisfil last month—14.3 per cent greater than the same time last year. As well, the average price of residential units sold was $525,189 which was 5.8 per cent greater than that of June 2019.
Orillia
46 residential units were sold in Orillia last month—39.4 per cent greater than the same time last year. As well, the average price of residential units sold was $456,579 which was 7.2 per cent greater than that of June 2019.
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