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Residential sales on the rise in Barrie, Simcoe County

Barrie and District Association of Realtors report 751 residential units were sold in the area last month
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NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The October 2019 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 large growth in the number of units sold, month-over-month and year-over-year. This growth was driven by both Barrie and Simcoe County Excl. Barrie.

The Housing Price Index (HPI) showed a month-over-month increase of 1.15 per cent from September 2019.

Month-Over-Month (October 2019 vs September 2019)

Simcoe County

514 residential units were sold in Simcoe County last month—an 18.2 per cent growth from September 2019. During the same time last year (September 2018 to October 2018), there was only a 3.1 per cent growth in the number of units sold.

The average price of residential units sold last month was $522,527—a 2.6 per cent increase from September 2019. In comparison, the average price during 2018 decreased 3.0 per cent from September to October.

City of Barrie

237 units were sold last month within the City of Barrie, which was 11.3 per cent more than the number of units sold the month prior. Last year, the number of units sold between October and September increased 6.4 per cent.

The average price of units sold within Barrie during October was $490,854. This was a 0.3 per cent increase than the average price during September 2019. In comparison, the average price between October and September 2018 also increased by 0.3 per cent.
 
Simcoe County Excluding Barrie

In Simcoe County Excluding Barrie last month, 277 units were sold. This was 24.8 per cent greater than the number of units sold during September 2019. In comparison, during the same time last year, the number of units sold remained balanced (0 per cent).

The average price of units sold in the areas outside of Barrie last month was $558,426. This was 5.2 per cent more than the month before. In 2018, the average price of units sold outside of Barrie declined 5.2 per cent during this same timeframe.

Year-To-Date (YTD) (October 2019 YTD vs October 2018 YTD) All Residential Homes

Simcoe County

4,340 residential units were sold in Simcoe County during October 2019 Year-To-Date (YTD) (Jan. 1, 2019 – Oct. 31, 2019). This was 15.5 per cent more than what was sold during the same timeframe last year (Jan. 1, 2018 – Oct. 31, 2018).

The average price of residential units sold during October 2019 YTD was $517,735. This was 4.4 per cent greater than the average price during the same timeframe last year.

City of Barrie

2,010 units were sold in the City of Barrie during October 2019 YTD. This was a 9.2 per cent growth from the same timeframe last year. This growth was less than that of total Simcoe County (+15.5 per cent).

The average price of units sold within the City of Barrie during October 2019 YTD was $490,198. This was 3.3 per cent more than the same timeframe last year, and this growth was less than what was seen in the total Simcoe region (+4.4 per cent).

During October 2019 YTD, Barrie accounted for 46.3 per cent of residential properties sold. This was 2.7 share points less than the same timeframe during 2018.
 
Simcoe County Excluding Barrie

2,330 residential units were sold in the areas outside of Barrie during October 2019 YTD. This was 21.6 per cent greater than the number of units sold during October 2018 YTD. This growth in number of units sold was greater than what was seen in the total Simcoe region (+15.5 per cent).

The average price of units sold during this time was $539,750. This was 4.7 per cent greater than what was seen during October 2018 YTD. This growth was similar to that of total Simcoe (+4.4 per cent).

During October 2019 YTD, Simcoe County Excluding Barrie accounted for 53.7 per cent of residential properties sold. This was 2.7 share points more than the same timeframe during 2018.

Year-Over-Year (October 2019 vs October 2018) All Residential Homes

The Housing Price Index (HPI) showed a year-over-year decrease of 0.35 per cent between October 2019 and October 2018.
 
Simcoe County

514 residential units were sold in Simcoe County last month—30.5 per cent more than the same time last year. As well, the average price of residential units sold was $522,527, which was 7.6 per cent greater than that of October 2018.

City of Barrie

237 units were sold during October 2019 within Barrie. This was 19.1 per cent more than the number of units sold during October 2018. This growth was less than that of total Simcoe County (+30.5 per cent).

The average price of residential Barrie units sold during October 2019 was $490,854—5.5 per cent greater than the average price of units sold during October 2018. This growth was slightly less than the average-price growth of total Simcoe County (+7.6 per cent). Sales in Barrie accounted for 46.1 per cent of residential sales in Simcoe County last month. This was 4.4 share points less than the same time last year.
 
Simcoe County Excluding Barrie

277 residential units were sold outside of Barrie during October 2019, and this was 42.1 per cent greater than the number of units sold during October 2018. This growth was greater than the 30.5 per cent growth seen in the total Simcoe region.

The average price of units sold in Simcoe County Excluding Barrie last month was $558,426. This was an 11.5 per cent increase in the average price, year-over-year. This increase in average price was greater than the growth seen in Simcoe County (+7.6 per cent). Residential property sales outside of Barrie accounted for 53.9 per cent of sales in Simcoe County last month. This was 4.4 share points more than the same time last year.

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