NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The February 2021 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® (BDAR) region showed a strong year-over-year growth of both number of sales and average price of homes sold. There was also a strong month-over-month growth in number of units sold. This is in part due to seasonality, but the month-over-month sales activity growth within Barrie significantly outpaced the same growth between February 2020 and January 2020.
The Housing Price Index (HPI) showed a month-over-month increase of 7.6 per cent from January 2021.
Month-Over-Month (February 2021 vs January 2021)
All Residential Homes
Simcoe County
835 residential units were sold in Simcoe County last month—a 78.0 per cent increase from January 2021. During the same time a year ago (January 2020 to February 2020), there was a 62.2 per cent increase in the number of units sold.
The average price of residential units sold last month was $744,944—a 0.6 per cent increase from January 2021. This increase was less than the month-over-month change in average price a year ago which increased 4.8 per cent from January to February.
City of Barrie
345 units were sold last month within the City of Barrie, which was 117.0 per cent more than the number of units sold the month prior. A year ago, the number of units sold between February and January increased 76.9 per cent.
The average price of units sold within Barrie during February 2021 was $709,987. This was 2.8 per cent greater than the average price during January 2021. In comparison, the average price of units sold between February 2020 and January 2020 increased 2.3 per cent.
City of Barrie – Apartments & Condos
46 apartment and condo units were sold in Barrie last month—53.3 per cent more than the number of units sold in January 2021. The average price of apartment and condo units sold in the City of Barrie this month was $465,292—1.5 per cent more than the average price in January 2021.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 490 units were sold. This was 58.1 per cent more than the number of units sold during January 2021. At the same time a year ago, there was a 54.7 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 $769,557. This was 0.5 per cent more than the month before. Between February 2020 and January 2020, the average price of units sold outside of Barrie increased 6.3 per cent.
Innisfil
58 residential units were sold in Innisfil last month—a 45.0 per cent increase from January 2021. During the same period a year ago (January 2020 to February 2020), there was a 209.5 per cent increase in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $874,429—a 10.3 per cent increase from January 2021. This contrasted the growth from last year when the average price decreased 23.1 per cent from January to February.
Orillia
69 residential units were sold in Orillia last month—a 72.5 per cent increase from January 2021. During the same period a year ago (January 2020 to February 2020), there was a 44.1 per cent increase in the number of units sold. The average price of residential units sold in Orillia last month was approximately $619,435—a 14.2 per cent increase from January 2021. The average price a year ago increased 7.8 per cent from January to February.
Essa
In Essa last month, 40 residential units were sold. This was 73.9 per cent more than last month. During the same period a year ago, there was a 60.0 per cent increase in the number of units sold. The average price of residential units sold in Essa last month was $771,033 – a 2.6 per cent decrease from January 2021. This time last year, the average price increased 1.4 per cent from January 2020 to February 2020.
Year-To-Date (YTD) (February 2021 YTD vs February 2020 YTD)
All Residential Homes
Simcoe County
1304 residential units were sold in Simcoe County during February 2021 Year-To-Date (YTD) (Jan. 1, 2021 – Feb. 28, 2021). This was 29.5 per cent more than what was sold during the same timeframe last year (January 1st, 2020 – February 29th, 2020). The average price of residential units sold during February 2021 YTD was $743,238. This was 41.9 per cent greater than the average price during the same timeframe last year.
City of Barrie
504 units were sold in the City of Barrie during February 2021 YTD. This was a 40.0 per cent growth from the same timeframe last year. This growth was greater than the increase in total Simcoe County (+29.5 per cent).
The average price of units sold within the City of Barrie during February 2021 YTD was $703,843. This was 36.6 per cent more than the same timeframe last year. This growth was less than what was seen in the total Simcoe region (+41.9 per cent). During February 2021 YTD, Barrie accounted for 38.7 per cent of residential properties sold. This was 2.9 share points more than the same timeframe during 2020.
City of Barrie – Apartments & Condos
76 apartment and condo units were sold in Barrie during 2021 YTD — 15.2 per cent more than the number of units sold in February 2020 YTD. The average price of apartment and condo units in the City of Barrie this year was $462,511. This was 18.2 per cent more than the average price during the same timeframe last year.
Simcoe County Excluding Barrie
800 residential units were sold in the areas outside of Barrie during February 2021 YTD. This was 23.6 per cent more than the number of units sold during February 2020 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+29.5 per cent).
The average price of units sold during this time was $768,057. This was 45.4 per cent greater than what was seen during February 2020 YTD. This growth was slightly greater than that of total Simcoe (+41.9 per cent). During February 2021 YTD, Simcoe County Excluding Barrie accounted for 61.3 per cent of residential properties sold. This was 2.9 share points less than the same timeframe during 2020.
Innisfil
98 residential units were sold in Innisfil during February 2021 YTD. This was 14.0 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – Feb. 29, 2020). The average price of residential units sold in February 2021 YTD was $841,108. This was 58.5 per cent greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 7.5 per cent of sales in Simcoe County—down 1.0 share points from the same timeframe last year.
Orillia
109 residential units were sold in Orillia from the beginning of 2021 to February 28th, 2021. This was 32.9 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – Feb. 29th, 2020). The average price of residential units sold during February 2021 YTD was $591,230. This was 49.4 per cent greater than the average price during the same timeframe last year. During February 2021 YTD, Orillia accounted for 8.4 per cent of sales in Simcoe County, 0.2 share points more than that of February 2020 YTD.
Essa
63 residential units were sold in Essa during February 2021 YTD. This was 6150 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – Feb. 29, 2020). The average price of residential units sold in February 2021 YTD was $778,660. This was 33.3 per cent greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 4.8 per cent of sales in Simcoe County—up 1.0 share points from the same timeframe last year.
Year-Over-Year (February 2021 vs February 2020)
All Residential Homes
The Housing Price Index (HPI) showed a 33.8 per cent year-over-year increase between February 2021 and February 2020.
Simcoe County
835 residential units were sold in Simcoe County last month—34.0 per cent greater than the same time last year. As well, the average price of residential units sold was $744,944, which was 39.8 per cent greater than that of February 2020.
City of Barrie
345 residential units were sold during February 2021 within Barrie. This was 50.0 per cent more than the number of units sold during February 2020. This growth was greater than that of total Simcoe County (+34.0 per cent).
The average price of residential Barrie units sold during February 2021 was $709,987 — 36.6 per cent greater than the average price of units sold during February 2020. This growth was less than the average-price growth of total Simcoe County (+39.8 per cent). Sales in Barrie accounted for 41.3 per cent of residential sales in Simcoe County last month. This was 4.4 share points more than the same time last year.
City of Barrie – Apartments & Condos
46 apartment and condo units were sold in Barrie during February 2021 — 4.5 per cent greater than the number of units sold in February 2020. The average price of apartment and condo units in the City of Barrie in February 2021 was $465,292. This was 18.9 per cent more than the average price during the same time last year.
Simcoe County Excluding Barrie
490 residential units were sold outside of Barrie during February 2021, and this was 24.7 per cent more than the number of units sold during February 2020. This growth was less than the 34.0 per cent growth seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie last month was $769,557. This was a 42.3 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+39.8 per cent). Residential property sales outside of Barrie accounted for 58.7 per cent of sales in Simcoe County last month. This was 4.4 share points less than the same time last year.
Innisfil
58 residential units were sold in Innisfil during February 2021, and this was 10.8 per cent less than the number of units sold during February 2020. This decline contrasted than the 34.0 per cent growth seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $874,429. This was a 76.8 per cent increase in the average price, year-over-year. This growth was significantly greater than what was found in total Simcoe County (+39.8 per cent). Sales in Innisfil accounted for 6.9 per cent of sales in Simcoe County during February 2021. This was 3.5 share points less than Innisfil’s share of sales during the same time last year.
Orillia
69 residential units were sold in Orillia during February 2021, and this was 40.8 per cent greater than the number of units sold during February 2020. This growth was greater than the 34.0 per cent growth seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $619,435. This was a 51.8 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+39.8 per cent). Orillia’s sales made up 8.3 per cent of sales in Simcoe County. This was 0.4 share points less than the same time last year.
Essa
40 residential units were sold in Essa during February 2021, and this was 66.7 per cent more than the number of units sold during February 2020. This growth was significantly greater than the 34.0 per cent growth seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $771,033. This was a 33.2 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+39.8 per cent). Sales in Essa accounted for 4.8 per cent of sales in Simcoe County during February 2021. This was 0.0 share points more than Essa’s share of sales during the same time last year.
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