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Barrie Market Report For May 2024

The Simcoe County real estate market is showing resilience despite the fluctuations observed in May. While we are seeing a decrease in sales compared to last year, the month-over-month growth is a positive indicator. The increase in active listings provides more options for buyers, and we anticipate a balanced market as we move forward.

These trends indicate a cautious adjustment in the real estate landscape, as buyers and sellers continue to navigate changing market conditions. The overall impact on home prices, coupled with the rising months of inventory, suggests a nuanced environment for buyers and sellers alike.

Find out what your property is worth in today’s Market at https://forsaleinbarrie.ca/index.php/whats-my-property-worth/

Stats are correct as of June 29th. Based on May 2023 v May 2024

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May 2024 Market Report For Our Communities

May was a strong month as we begin to see the Spring Market transition into the Summer Market. Across the region we see that active listings are up 39% and the median price is up 5% from last year. New Listings are also up 10% and the list to sale ratio is sitting at a very strong 98%. Good news for buyers and sellers alike!

In Midland and Penetang we saw Average Price increases with a large incease of 10% in Penetang! We saw large increases across the board for active listings in our community, even seeing a 59% increase in Midland. As we move towards the end of the Spring Market, we did see a slow down in sales activity. This was expected as many buyers were eagerly awaiting the first rate reduction in 4 years. With plenty of inventory and now more purchasing power for buyers, we expect to see a busy Summer Market.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of June 29th, 2024, data gathered by the Ontario Collective based on May 2023 vs May 2024.

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Pre-Sale Home Improvements That Pay Off

Your For Sale On Georgian Bay Agents may make it look easy but selling a home is both an art and a science, especially when it comes to deciding which home improvements to tackle before putting your house on the market. Some upgrades can significantly boost your home’s appeal and sale price, while others might not be worth the investment. Let’s explore some smart, budget-friendly pre-sale improvements that could make your property stand out to buyers and deliver a solid return on investment.


First Impressions Matter: Boosting Curb Appeal

Imagine a potential buyer pulling up to your home for the first time. The exterior is like a book cover—it sets the stage for what’s inside. To make a memorable first impression, consider a few simple tweaks to enhance your curb appeal.

Start with the basics: mow the lawn, trim overgrown hedges, and plant some colourful flowers. Even small touches like stylish house numbers can add a bit of charm. If your front door is looking tired, a fresh coat of paint can work wonders. A bold, inviting colour could be just what your home needs to catch someone’s eye.

Updating your outdoor lighting is another way to make your home feel welcoming and safe. Consider adding pathway lights or modern fixtures by the entrance to create a warm glow in the evenings. All these little upgrades might seem minor, but collectively, they can give your home a fresh, cared-for appearance that draws buyers in.


Heart of the Home: Kitchen Updates

Kitchens often sell homes. But don’t worry, you don’t need a complete overhaul to make yours appealing. Focus on affordable, high-impact changes. For example, if your cabinets are solid but a bit outdated, a fresh coat of paint and new hardware can transform them without breaking the bank.

Countertops are another focal point. Replacing worn surfaces with options like granite, quartz, or even high-quality laminate can make a big difference. And if your appliances are more than a few years old, upgrading to energy-efficient models can not only enhance the look but also appeal to buyers who appreciate savings on utility bills.


Clean and Fresh: Bathroom Touch-Ups

Buyers pay a lot of attention to bathrooms, but again, you don’t need to go overboard. Simple fixes like updating faucets and fixtures, re-caulking around the tub, and ensuring grout is clean and fresh can make your bathrooms look newer and more appealing.

If your vanity has seen better days, consider painting it and adding modern hardware. These small improvements can give your bathroom a facelift without the need for a full renovation.


Neutral and Inviting: Paint and Flooring

When it comes to the interior, think neutral. Fresh, neutral-coloured paint can make rooms feel larger and more inviting. It also allows potential buyers to envision their own style in the space, which can be a big selling point.

Floors are another key area. If your current flooring is worn or outdated, think about replacing it. Hardwood is always a favourite, but laminate or quality carpet can also be great choices depending on your budget and the style of your home.


Eco-Friendly Upgrades: Energy Efficiency

In today’s market, energy-efficient homes are highly desirable. Small improvements here can make your home stand out. Consider adding insulation, especially in the attic, to improve energy efficiency. Upgrading old windows to energy-efficient ones can also make a big difference in comfort and heating/cooling costs.

If your heating and cooling system is on its last legs, replacing it with a high-efficiency model can be a smart move. Buyers are often willing to pay more for a home that promises lower utility bills and a smaller carbon footprint.


The Finishing Touch: Decluttering and Staging

Sometimes, the best improvements don’t involve any hammering or painting. Decluttering and staging your home can make a dramatic impact. Start by removing personal items and excess furniture to create a clean, open feel. This helps buyers see the potential in your home without being distracted by your stuff.

Consider staging your home to highlight its best features. If you’re not sure how to go about it, ask your For Sale On Georgian Bay for advice. We can also digitally stage a room so that it appeals to a broad audience, making it easier for buyers to imagine themselves living there.


A Little Can Go A Long Way

Choosing the right pre-sale improvements can make your home more attractive to buyers and help you sell faster and at a better price. Focus on areas that deliver high visual impact without requiring huge investments. A bit of curb appeal, a few kitchen and bathroom updates, some fresh paint, and decluttering can go a long way in making your home irresistible to buyers. By making thoughtful, strategic improvements, you can turn your home into a buyer’s dream and ensure a smoother, more profitable sale.

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Finding Your Next Family Home: The Essential Checklist

Moving to a new family home can be both thrilling and daunting. It’s more than just a house; it’s a space where you’ll create lasting memories. To help you navigate this journey, here’s a friendly guide to ensure you cover all the bases and find the perfect place for your family.

1. Define Your Priorities

Let’s start with the fun part: dreaming about your ideal home! Begin by thinking about the location. Where do you see yourself? Maybe you want to be close to work or your kids’ schools, or perhaps you’re dreaming of a peaceful suburb with lots of parks. Don’t forget to consider safety, access to public transportation, and the overall vibe of the community.

Next, think about what you need in the house itself. How many bedrooms and bathrooms are essential? Do you crave a big yard for the kids to play in, or is a modern kitchen at the top of your list? Jot down your must-haves and nice-to-haves to get a clear picture of what you’re looking for.

And let’s not forget about the future. How important is resale value? Is there room to expand or renovate? Check out the school district ratings too; even if you don’t have school-age kids, it can affect property values.

2. Budget Planning

Time to talk numbers. Before you fall in love with a dream home, figure out what you can afford. Look at your savings, income, and any debts to determine a comfortable budget.

Getting pre-approved for a mortgage is a smart move. It not only gives you a clear idea of your price range but also shows sellers that you’re a serious buyer. Explore different loan options and interest rates to find what suits you best.

Remember, there’s more to budget for than just the house price. Factor in closing costs, property taxes, insurance, and don’t forget the ongoing maintenance and repair expenses. Moving and setting up a new place can add up, so keep those in mind too!

3. Research and Shortlist

Now the search begins! Start browsing online to get a feel for what’s out there. Real estate websites are great for exploring listings and taking virtual tours.

Once you have a list of potential homes, it’s time to hit the streets. Visit neighborhoods at different times of the day to get a true sense of the area. Talk to locals—they often have valuable insights that you won’t find online.

Create a shortlist of homes that tick your boxes and start scheduling viewings. It’s okay to be picky. After all, you’re looking for the perfect fit for your family.

4. Home Inspection and Evaluation

When you find a house that feels right, don’t skip the inspection. Hire a professional to check for any hidden issues. They’ll look at the structure, plumbing, electrical systems, and more.

Walk through the house with your checklist in hand. Look at the condition of the appliances, heating, and cooling systems. Keep an eye out for signs of pests, mold, or water damage. These can be costly problems to fix, so it’s best to know about them upfront.

5. Make an Offer and Secure Financing

Ready to make a move? Craft a competitive offer with the help of your real estate agent. Be prepared to negotiate; it’s all part of the process.

Once your offer is accepted, it’s time to finalise your financing. Choose the mortgage that works best for you, lock in your interest rate, and get all the paperwork in order.

As you approach closing, review the purchase agreement carefully and complete all the necessary steps. It might feel like a whirlwind, but you’re almost there!

6. Planning the Move

Let the packing begin! Book a moving company or rent a truck, and plan out your moving day. Don’t forget to update your address with banks, insurance, and any subscriptions.

Before you move in, give your new place a good clean and make any minor repairs. Set up your utilities and internet so everything’s ready to go when you arrive.

7. Settling In

Once you’re in, take your time unpacking and organising. Start with the essentials and then tackle each room.

Introduce yourself to your new neighbours and explore the local area. Finding nearby parks, shops, and services will help you feel at home faster.

Most importantly, enjoy your new space! It’s the start of a new adventure for your family, so make it your own and start building those happy memories.


Moving can be stressful, but with this checklist, you’ll be well-prepared to find the perfect family home. Here’s to a smooth move and a wonderful new beginning!

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April 2024 Market Report For Our Communities

March was another strong month in the local market and those numbers continued into April, however when compared to the market this time last year we do see some small declines. Despite this, across the region we see that active listings are up 34% and the median price is just 1% down from last year. Good news for buyers and sellers alike!

In Midland, Penetang and Tiny we saw Average Price increases with a huge incease of 27% in Penetang! We saw large increases across the board for active listings in our community, even seeing a 53% increase in Penetanguishene. As we dive deeper into the Spring Market, we are seeing lots of optimism with plenty of active listings available to buyers whilst interest rates being held signals good news for sellers hoping to maintain healthy sale prices.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of June 1st, 2024, data gathered by the Ontario Collective based on April 2023 vs April 2024.

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Barrie Market Report For April 2024

New listings in April 2024 totaled 2,041, almost unchanged from the previous year but showing a significant increase of 23.40% compared to March 2024. However, active listings surged by 52.09% year-over-year and 74.89% month-over-month, indicating a growing inventory in the market.

Despite a slight dip in sales year-over-year, buoyed by a surge in new listings, buyers enjoyed increased choices while prices held steady. As we look ahead the expectation is that lower borrowing costs will allow more buyers to enter the market toward the second half of the year and into 2025, prompting tighter market conditions and higher sale prices.

Despite some fluctuations, the Simcoe County real estate market continues to offer opportunities for both buyers and sellers, with stable pricing and increased choice.