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Market Report For Barrie And Simcoe County – September

A look back at September 2020 compared to August 2020 and why it’s a great time to list your Property for Sale.

The housing market in Barrie has continued to rebound during Covid-19 as Barrie saw consistency for both the number of properties sold in September and the Sale Price too. Barrie saw a rise of 3.8% during September 2020 as 329 properties were sold. A small increase on the sale prices too at 0.07% with the average sale coming in $567,916 compared to $567,469 of August.

Simcoe County (Excluding Barrie) saw a small raise for sales prices at $656,752 – that’s a 0.96% increase compared to August. 

Large numbers of properties were sold across Simcoe, with just over 700 homes being sold. Despite the large volume of homes sold, we did see 10.91% decrease compared to the 788 homes sold in August. 

All this points to it being a great time to sell you home, there are clearly motivated buyers out there, home prices are trending upwards and there’s been a small drop in inventory so you’ll face less competition on the 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 October 9, 2020. Data gathered by BDAR based on August 2020 vs September 2020.

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Market Report For Barrie and Simcoe County

A look back at August 2020 compared to August 2019 and why it’s a great time to list your Property for Sale.

The housing market in Barrie has continued to rebound during Covid-19 as Barrie saw large increases year over year for both the number of properties sold in August and the Sale Price too. Barrie saw a rise of 42.9% during August 2020 as 320 properties were sold. A nice increase on the sale prices too at 15.7% with the average sale coming in $567,469 compared to $490,466 of 2019.

Simcoe County (Excluding Barrie) saw even bigger raises for sales prices at $660,128 – that’s a 59.8% increase compared to 2019.

Large numbers of properties were sold across Simcoe, with just under 800 homes being sold. Compare this with last year in August when 500 homes were sold, that’s an increase of 31.5%.

All this points to it being a great time to sell you home, there are clearly motivated buyers out there and home prices are trending upwards.

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 September 18, 2020. Data gathered by BDAR based on August 2020 vs August 2019.

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August Market Report In Our Communities

A look back at August 2020 compared to July 2020 and why it’s a great time to list your Property for Sale.

What a great Summer we had on Georgian Bay, but where did it go? Let’s hope for some warm and sunny Fall weather over the coming weeks. As quickly as summer flew by, the housing market continued to gather pace too. 

The housing market has continued to rebound during Covid 19 and July saw large increases across the board compared year over year. This trend has continued into August and we’ve actually seen, on average a 18.3% raise in the amount of home sales in Midland, Penetanguishene, Tiny Township and Tay Township.

During August, buyers were flocking towards Tay Township where we saw a remarkable 285% increase in the number of homes sold compared to July. Tiny Township proved to be the most popular community among buyers as 39 sales were recorded in August.

It’s not just the amount of homes that has risen, house prices are also going up. The sale price of Homes in August 2020 has increased, on average 1.3% between Midland, Penetanguishene, Tiny and Tay. Although a modest increase across our communities combined, in Penetanguishene, we saw the average sale price rise 16.9% to $529,445 in August.

Whilst the number of homes and the sale price have both risen, we are still seeing a shortage of inventory on the market. Bearing in mind that despite there being fewer homes available, there has been an increase in Sale Price and Homes Sold – this means that it’s a GREAT time to list your property for sale.

Lower inventory and motivated buyers drives the prices of property up and right now, we have both in our community. Now is the perfect time to list your property for sale with For Sale On Georgian Bay.

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 September 17, 2020, data gathered by the Ontario Collective based on August 2020 vs July 2020.

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Market Report In Our Communities

A look back at July 2020 compared to July 2019 and why it’s a great time to list your Property for Sale.

As those summer nights are slowly drawing shorter, we all start to look forward and plan the rest of the year. There’s lots going on, things are returning to normal more and more everyday, the kids will be going back to school before we know it.

Despite everything going on, the housing market has continued to rebound during Covid 19 and we’ve actually seen, on average a 28.9% raise in the amount of home sales in Midland, Penetanguishene, Tiny Township and Tay Township. Looking back at July 2019, there were significant raises across our area in the number of homes being sold in July 2020, Penetanguishene alone saw a 50% raise.

It’s not just the amount of homes that has risen, house prices are also going up. The sale price of Homes in July 2020 has increased, on average 25% between Midland, Penetanguishene, Tiny and Tay. Homes in Midland have risen to on average $493,539 as a final sale price.

Whilst the number of homes and the sale price have both risen, there has been a dramatic decrease for inventory in our Community at -39.6%. Bearing in mind that despite there being fewer homes available, there has been an increase in Sale Price and Homes Sold – this means that it’s a GREAT time to list your property for sale.

Lower inventory and motivated buyers drives the prices of property up and right now, we have both in our community. Now is the perfect time to list your property for sale with For Sale On Georgian Bay.

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 August 2, 2020, data gathered by the Ontario Collective based on July 2019 vs July 2020.