NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The April 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 month-over-month decline in number of units sold across all regions.
This could be a sign that the Simcoe County real estate market is beginning to cool off after continuous record-high month-over-month growths. Generally, month-over-month real estate sales rises from the beginning of the year and peaks in the summer months. (However, 2020 was an exception due to COVID-19)
Month-over-month (April 2021 vs March 2021)
Residential homes
The Housing Price Index (HPI) showed a month-over-month increase of 1.3 per cent from March 2021.
Simcoe County
1,176 residential units were sold in Simcoe County last month – an 11.2 per cent decrease from March 2021. During the same time a year ago (March 2020 to April 2020), there was a 51.5 per cent decrease in the number of units sold.
The average price of residential units sold last month was $776,402 – a 2.5 per cent increase from March 2021. This growth contrasted the month-over-month change in average price a year ago which declined 5.0 per cent.
City of Barrie
369 units were sold last month within the City of Barrie, which was 26.1 per cent less than the number of units sold the month prior. A year ago, the number of units sold between April and March declined 60.6 per cent.
The average price of units sold within Barrie during April 2021 was $726,600. This was 1.6 per cent greater than the average price during March 2021. In comparison, the average price of units sold between April 2020 and March 2020 decreased 1.7 per cent.
City of Barrie – apartments and condos
50 apartment and condo units were sold in Barrie last month – 5.7 per cent less than the number of units sold in March 2021. The average price of apartment and condo units sold in the City of Barrie this month was $499,391 – 7.6 per cent greater than the average price in March 2021.
Simcoe County excluding Barrie
In Simcoe County Excluding Barrie last month, 807 units were sold. This was 2.3 per cent less than the number of units sold during March 2021. At the same time a year ago, there was a 45.9 per cent decrease in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $799,174. This was 2.1 per cent more than the month prior. Between April 2020 and March 2020, the average price of units sold outside of Barrie decreased 6.5 per cent.
Innisfil
92 residential units were sold in Innisfil last month – a 5.2 per cent decrease from March 2021. During the same period a year ago (March 2020 to April 2020), there was a 66.1 per cent decrease in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $824,256 – a 3.0 per cent decrease from March 2021. This was greater than the decline from last year when the average price decreased 9.5 per cent from March to April.
Orillia
95 residential units were sold in Orillia last month – a 0.0 per cent change from March 2021. During the same period a year ago (March 2020 to April 2020), there was a 56.5 per cent decrease in the number of units sold. The average price of residential units sold in Orillia last month was approximately $610,234 – a 5.3 per cent decrease from March 2021. The average price a year ago increased 1.8 per cent from March to April.
Essa
In Essa last month, 63 residential units were sold. This was 1.6 per cent less than last month. During the same period a year ago, there was a 53.5 per cent decrease in the number of units sold. The average price of residential units sold in Essa last month was $757,444 – a 2.2 per cent decrease from March 2021. This time last year, the average price increased 3.1 per cent from March 2020 to April 2020.
Year-to-date (YTD) (April 2021 YTD vs April 2020 YTD)
All residential homes
Simcoe County
3,803 residential units were sold in Simcoe County during April 2021 year-to-date (YTD) (Jan. 1, 2021 – April 30, 2021). This was 93.1 per cent more than what was sold during the same timeframe last year (Jan.1, 2020 – April 30, 2020). The average price of residential units sold during April 2021 YTD was $758,391. This was 44.2 per cent greater than the average price during the same timeframe last year.
City of Barrie
1,369 units were sold in the City of Barrie during April 2021 YTD. This was a 93.6 per cent growth from the same timeframe last year. This growth was slightly greater than the increase in total Simcoe County (+93.1 per cent).
The average price of units sold within the City of Barrie during April 2021 YTD was $713,765. This was 35.8 per cent more than the same timeframe last year. This growth was less than what was seen in the total Simcoe region (+44.2 per cent). During April 2021 YTD, Barrie accounted for 36.0 per cent of residential properties sold. This was 0.1 share points more than the same timeframe during 2020.
City of Barrie – Apartments and condos
179 apartment and condo units were sold in Barrie during April 2021 YTD – 67.3 per cent more than the number of units sold in April 2020 YTD. The average price of apartment and condo units in the City of Barrie this year so far was $473,263. This was 20.2 per cent more than the average price during the same timeframe last year.
Simcoe County excluding Barrie
2,434 residential units were sold in the areas outside of Barrie during April 2021 YTD. This was 92.9 per cent more than the number of units sold during April 2020 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+93.1 per cent).
The average price of units sold during this time was $783,490. This was 48.9 per cent greater than what was seen during April 2020 YTD. This growth was greater than that of total Simcoe (+44.2 per cent). During April 2021 YTD, Simcoe County excluding Barrie accounted for 64.0 per cent of residential properties sold. This was 0.1 share points less than the same timeframe during 2020.
Innisfil
288 residential units were sold in Innisfil during April 2021 YTD. This was 78.9 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – April 30, 2020). The average price of residential units sold in April 2021 YTD was $837,912. This was 57.4 per cent greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 7.6 per cent of sales in Simcoe County – down 0.6 share points from the same timeframe last year.
Orillia
298 residential units were sold in Orillia from the beginning of 2021 to April 30th, 2021. This was 100.0 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – April 30, 2020). The average price of residential units sold during April 2021 YTD was $613,948. This was 45.3 per cent greater than the average price during the same timeframe last year. During April 2021 YTD, Orillia accounted for 7.8 per cent of sales in Simcoe County, 0.3 share points more than that of April 2020 YTD.
Essa
189 residential units were sold in Essa during April 2021 YTD. This was 85.3 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – April 30, 2020). The average price of residential units sold in April 2021 YTD was $770,307. This was 39.0 per cent greater than the average price during the same timeframe last year. During this time, Essa accounted for 5.0 per cent of sales in Simcoe County – down 0.2 share points from the same timeframe last year.
Year-over-year (April 2021 vs April 2020)
All residential homes
The Housing Price Index (HPI) showed a 37.0 per cent year-over-year increase between April 2021 and April 2020.
Simcoe County
1,176 residential units were sold in Simcoe County last month – 273.3 per cent greater than the same time last year. As well, the average price of residential units sold was $776,402, which was 52.3 per cent greater than that of April 2020.
City of Barrie
369 residential units were sold during April 2021 within Barrie. This was 276.5 per cent more than the number of units sold during April 2020. This growth was greater than that of total Simcoe County (+273.3 per cent).
The average price of residential Barrie units sold during April 2021 was $726,600—37.2 per cent greater than the average price of units sold during April 2020. This growth was less than the average-price growth of total Simcoe County (+52.3 per cent). Sales in Barrie accounted for 31.4 per cent of residential sales in Simcoe County last month. This was 0.3 share points more than the same time last year.
City of Barrie – Apartments and condos
50 apartment and condo units were sold in Barrie during April 2021 – 354.5 per cent greater than the number of units sold in April 2020. The average price of apartment and condo units in the City of Barrie in April 2021 was $499,391. This was 11.9 per cent more than the average price during the same time last year.
Simcoe County excluding Barrie
807 residential units were sold outside of Barrie during April 2021, and this was 271.9 per cent more than the number of units sold during April 2020. This growth was less than the 273.3 per cent growth seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie last month was $799,174. This was a 59.6 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+52.3 per cent). Residential property sales outside of Barrie accounted for 68.6 per cent of sales in Simcoe County last month. This was 0.3 share points less than the same time last year.
Innisfil
92 residential units were sold in Innisfil during April 2021, and this was 384.2 per cent more than the number of units sold during April 2020. This growth was greater than the 273.3 per cent growth seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $824,256. This was a 66.3 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+52.3 per cent). Sales in Innisfil accounted for 7.8 per cent of sales in Simcoe County during April 2021. This was 1.8 share points more than Innisfil’s share of sales during the same time last year.
Orillia
95 residential units were sold in Orillia during April 2021, and this was 375.0 per cent greater than the number of units sold during April 2020. This growth was greater than the 273.3 per cent growth seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $610,234. This was a 32.2 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+52.3 per cent). Orillia’s sales made up 8.1 per cent of sales in Simcoe County. This was 1.7 share points more than the same time last year.
Essa
63 residential units were sold in Essa during April 2021, and this was 215.0 per cent more than the number of units sold during April 2020. This growth is slightly less than the 273.0 per cent growth seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $757,444. This was a 38.6 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+52.3 per cent). Sales in Essa accounted for 5.4 per cent of sales in Simcoe County during April 2021. This was 1.0 share points less than Essa’s share of sales during the same time last year.
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