Barrie and Area Residential Home Sales for December 2017

Residential property sales numbered 229 units in December 2017, up 3.2% from December 2016. On an annual basis, home sales totaled 5,014 units over 2017, down 16.9% from an unprecedented 2016.
Within the City of Barrie, sales activity was unchanged on a year‐over‐year basis in December. The City of Barrie saw 132 residential sales in December 2017. A year‐over‐year increase of 5.5% was recorded in surrounding areas, where sales activity totalled 96 units.
The average annual price for all homes sold in 2017 was $522,303, up 19% from 2016. The annual average price figure for homes sold within the City of Barrie was $494,783. This was an increase of 19.6% compared to the average selling price in 2016.
The average price figure for all of 2017 in surrounding areas was $543,273, an increase of 17.9% from 2016.
The dollar value of all home sales in December 2017 was $113.2 million, up 4.7% from year‐ago levels. This was a new December record.
New residential listings rose 24.2% from December 2016 to 267 units in December 2017. This was the highest December level on record.
Active residential listings on the association’s MLS® System numbered 694 units at the end of December 2017, rising 67.2% from very low year‐ago levels but still below the same time in most other years in history.
There were three months of inventory at the end of December 2017, up from 1.9 months a year earlier but still less than half the long‐run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Sales of all property types in the Barrie region numbered 240 units in December, unchanged compared to December 2016. The total value of all properties sold in December 2017 was $117.9 million, down 2.4% on a year‐over‐year basis.
If you are curious what your home might be worth in today's market, feel free to contact me for a complimentary home evaluation.