Barrie & Area Residential Home Sales January 2019 | Krista Alkerton

February 11th, 2019

The Stats Are In!

The January 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 an increase in the number of properties sold. While the average price of units sold continued to decline in the residential market, there was however, a large increase in the number and the average price of apartment units sold.

January 2019 Over January 2018

Simcoe County:

The number of units sold in Simcoe County increased 7.4% in January this year as compared to January 2018. A total of 231 units were sold. However, the average price of residential units sold declined by 1.5% during this time frame, with the average price of units sold approximately $485,328.

City of Barrie:

Within the City of Barrie 103 units were sold in the month of January 2019. This is an 8.8% decline from the number of units sold in January 2018. This decline contrasts the growth in the total Simcoe region (+7.4%). The City of Barrie in January 2019 had an average price of $452,518 for the units sold. This is 6.8% less than the average price one year before. This decline is also greater than the decline seen in the total Simcoe region (-1.5%). Residential sales in Barrie accounted for 44.6% of sales in the Simcoe region in January. Compared to 2018, this is an 8.0 share point decline.

Simcoe County Excluding Barrie:

Outside of Barrie, the number of units sold increased 25.5% from last year to 128 units sold. This is significantly greater than the year-over-year growth in the total Simcoe Region (+7.4%). The average price outside of Barrie declined 0.8% last month as compared to January 2018. The average price of units sold outside of Barrie was $493,449. This decline is approximately 0.8% and almost the same as the decline seen in the total Simcoe region (-1.5%). Residential sales in Simcoe excluding Barrie accounted for 55.4% of residential sales in Simcoe County last month. This is 8.0% share points more than the same time last year.

See a breakdown by property type below:

January 2019 vs January 2018

Unit Sales and Average Price by Residential Property Types for All of Simcoe County:

	2019	2018	Percentage Change
Unit Sold – Detached	177	164	7.5%
Price – Detached	$518,958	$529,028	-1.5%
Unit Sold – Semi-Detached	8	6	33.3%
Price – Semi-Detached	$409,938	$376,667	8.8%
Unit Sold – Townhouse	20	17	17.6%
Price – Townhouse	$357,233	$405,300	-11.9%
Unit Sold – Apartment	17	11	54.5%
Price – Apartment	$348,925	$300,222	16.2%