FEBRUARY REAL ESTATE STATS SHOW THE AVERAGE PRICE OF HOUSING IN SIMCOE COUNTY INCREASED 3.5%
The February 2020 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 strong month-over-month growth in the number of units sold.
The Housing Price Index (HPI) showed a month-over-month increase of 1.97% from January 2020.
Simcoe County
466 residential units were sold in Simcoe County last month—a 77.2% increase from January 2020. During the same time a year ago (January 2019 to February 2019), there was only a 19.9% increase in the number of units sold.
The average price of residential units sold last month was $535,490 —a 3.5% increase from January 2020. In comparison, the average price a year ago increased 4.6% from January to February.
City of Barrie
230 units were sold last month within the City of Barrie, which was 78.3% more than the number of units sold the month prior. A year ago, the number of units sold between February and January increased by 3.9%.
The average price of units sold within Barrie during February was $518,198. This was 2.8% more than the average price during January 2020. In comparison, the average price of units sold between February 2019 and January 2019 increased by 5.2%.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 236 units were sold. This was 76.1% more than the number of units sold during January 2020. In the same time a year ago, there was a 32.8% increase in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $552,911. This was 3.0% more than the month before. Between February 2019 and January 2019, the average price of units sold outside of Barrie increased 7.1%.
Year-To-Date (February 2020 YTD vs February 2019 YTD)
All Residential Homes Simcoe County
731 residential units were sold in Simcoe County during February 2020 Year-To-Date (YTD) (January 1st, 2020 – February 29th, 2020). This was 43.3% more than what was sold during the same timeframe last year (January 1st, 2019 – February 28th, 2019). The average price of residential units sold during February 2020 YTD was $530,179. This was 7.0% greater than the average price during the same timeframe last year.
City of Barrie
361 units were sold in the City of Barrie during February 2020 YTD. This was a 70.3% growth from the same timeframe last year. This growth was more than that of total Simcoe County (+43.3%).
The average price of units sold within the City of Barrie during February 2020 YTD was $510,502. This was 9.3% more than the same timeframe last year, and this growth was more than what was seen in the total Simcoe region (+7.0%) During February 2020 YTD, Barrie accounted for 49.4% of residential properties sold. This was 7.8 share points more than the same timeframe during 2019.
Simcoe County Excluding Barrie
370 residential units were sold in the areas outside of Barrie during February 2020 YTD. This was 24.2% greater than the number of units sold during February 2019 YTD. This growth in number of units sold was less than what was seen in the total Simcoe region (+43.3%).
The average price of units sold during this time was $544,262. This was 5.5% greater than what was seen during February 2019 YTD. This growth was less than that of total Simcoe (+7.0%). During February 2020 YTD, Simcoe County Excluding Barrie accounted for 50.6% of residential properties sold. This was 7.8 share points less than the same timeframe during 2019.
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