Through the month of April, residential property sales in Barrie and surrounding area were 404 units. This is down
33.1% from year ago. The average price of homes sold during this time was $475,237—down 15.5% from April 2017. Simcoe County figures mirror that of Toronto’s, which had a 32.1% decrease in sales and a 12.4% decline in average sale price in April 2018.
 
In the City of Barrie, sales came in at 183 units. This is a 42.5% decline from last April and is a larger decline than that of the whole Simcoe County (-33.1%). The average price of homes sold in the City of Barrie during April was $461,998 and is down 15.2% from the average price from year ago. This average price decrease is in line with that of the total Simcoe County (-15.5%).
 
In the other parts of Simcoe County (Simcoe excl. Barrie), sales numbered 221 unit for the month of April 2018. This figure is down 22.7% from the same time last year and is less than the sales unit decline coming from total Simcoe County (-33.1%). The average price for a home in the Simcoe County excluding Barrie was $486,119 for the month of April, which is 16.6% less than the average price of homes in April 2017. This decline in sales price is slightly more than that of the whole Simcoe region (-15.5%).
 
The number of homes sold in the City of Barrie constituted 45.3% of homes sold in the Simcoe County region, and the remaining Simcoe County constituted the remaining 54.7% of sales. During April 2017, the City of Barrie made up the majority of home sales with 52.6% of sales,while the remaining Simcoe County made up 47.3% of sales.
 
Year-to-date vs Same Time Year Ago
On a year-to-date basis (January 1, 2018 – April 30, 2018), residential home sales amounted to 1243 units, which is a 39.6% decline from the same time in 2017. In the first four months of 2018, the average price for sold residential units was $498,459. This figure is 10.1% less than the average price for sold units in the first four months of 2017.
 
Within the City of Barrie, residential sales figures declined by 44.2% from 2017 and came in at 610 units between January 1, 2018 to April 30, 2018. This decline in sales is more than total Simcoe County (-39.6%). The average price of homes in the City of Barrie at this time was $477,717 and is 9.6% less than the average price of homes during the same time last year. The decline in average price is about the same as the total Simcoe region (-10.1%).
 
In the remaining areas of Simcoe County, sales figures came in at 633 units sold, a decline of 34.3%. The decline is less than that of total Simcoe County (-39.6%). The average price of sold homes during this time for Simcoe County excluding Barrie was $518,447. This average price is 11.3% less than that of the same time last year, and the decline in price is approximately the same as that of the whole Simcoe County (-10.1%).
 
In the first four months of 2018, the City of Barrie made up 45.2% of residential units sold in Simcoe County and the remaining Simcoe County made up 54.7% of sales. In the first four months of 2017, the City of Barrie constituted the majority of residential sales in Simcoe County with 52.6% of sales, and the remaining areas constituted 47.4% of sales.

If you are curious as to what your home might be worth in today's market, give me a call for a FREE home evaluation. 


awards_long