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Monthly residential statistics for August 2017

The housing market is becoming more balanced in comparison with earlier this year, says Realtor® association president
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NEWS RELEASE

BARRIE AND DISTRICT ASSOCIATION OF REALTORS

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“The housing market is becoming more balanced in comparison with earlier this year. In this changing market, it’s important you use your local, professional Realtor® for your real estate needs.” ‐ Rob Alexander, 2017 President, Barrie & District Association of Realtors® Inc. (BDAR)

Please note: These statistics are approximate due to BDAR moving to a new database in mid‐August.

City of Barrie

Within the City of Barrie, detached residential properties posted an average selling price for the month of August 2017 of $515,922 an increase of 14 per cent over August 2016.

Residential townhouse, link, and semi‐detached homes in the City of Barrie posted an average selling price of $380,862 in August 2017, an 11 per cent increase over August 2016.

Condominium sales average for the City of Barrie for the month of August 2017 was $330,942, a 5 per cent increase compared to August 2016.

Essa Township

In Essa Township, detached residential properties posted an average selling price of $457,470 in August 2017, a decrease of 10 per cent over August 2016.

Town of Innisfil

Detached residential properties in the Town of Innisfil posted an average selling price of $529,229 in August 2017, a decrease of 3 per cent over the month of August 2016.

Oro‐Medonte Township

The average selling price for detached residential properties in Oro‐Medonte in August 2017 was $717,906 an increase of 14 per cent over August 2016.

Springwater Township

Detached residential homes in Springwater Township posted an average selling price in August 2017 of $774,716 an increase of 30 per cent over August 2016.

For more details about your home or neighbourhood, contact your Local Professional Realtor®.

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

The Barrie & District Association of Realtors® Inc. covers a geographical area that includes the City of Barrie and part or all of the surrounding townships, including Springwater, Oro‐Medonte, Innisfil, Essa, Bradford‐West Gwillimbury and Clearview. Data is provided from the MLS® Database System of the Barrie & District Association of Realtors® Inc.

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