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Barrie Market Report For February 2024

The February market statistics are a testament to Simcoe County’s vibrant real estate sector. The significant sales increase, coupled with a steady rise in average prices, reflects the robust demand and confidence in our market. The growth in new listings is particularly promising, ensuring a balanced market conducive to both buyers and sellers

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 March 29th. Based on February 2023 v February 2024

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February 2024 Market Report For Our Communities

As we enjoyed an unseasonably warm February, it seems that market is hotting up too in preparation of the Spring Market!

February was a strong month for the market in our communities. Across the region we saw increases in Sales Activity, New Listings, Active Listings, and a shortened Days On Market when compared to last year. Sales Prices seem to be consistent with last year too signalling a month that Buyers and Sellers would have been happy with.

Entering 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 March 13th, 2024, data gathered by the Ontario Collective based on February 2023 vs February 2024.

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Barrie Market Report For January 2024

The January statistics reflect a vibrant and growing market in Simcoe County. With the rise in sales and listings, along with stable prices, we’re observing a market that is adjusting well and poised for continued growth. The significant increase in new listings from last month is particularly encouraging, as it contributes to a balanced and healthy real estate environment 

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 February 22nd. Based on January 2023 v January 2024

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January 2024 Market Report For Our Communities

As we look at the first stats coming in for 2024 we see a mixed bag across the region. A low sales total in general for the region seems to have skewed stats.

The mixed bags of stats continued into our featured communities with Midland seeing a huge 38% increase in sales prices (12 Sales) whilst Tiny saw a 34% decrease in sales prices (6 Sales). Across our communities and the region at large, we did see a big rise of 27% in active listings compared to 2023 whilst it’s actually a rise of 430% compared to 2022. This signals that the much anticipated Spring Market is on the horizon and perhaps is a reflection of the unseasonably warm weather we have not scaring off winter sellers.

Entering 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 February 13th, 2024, data gathered by the Ontario Collective based on January 2023 vs January 2024.

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Barrie Market Report For December 2023

Barrie area saw a large boost in new listings hitting the market in December, with 485 new homes hitting the market, a 31% increase from December 2022. Sales were up in December, with 314 homes sold last month. The year-over-year stats for Active Listings are showing a spike of 15%. Prices in the Barrie area have remained steady compared to last year. The average sale price in Barrie was $777,328, where sellers saw a small dip of 4%.  

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 January 25th. Based on December 2022 v December 2023

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December 2023 Market Report For Our Communities

As we look forward into 2024, we look back into December to see how the Market ended the year in our communities. Across the region average prices were marginally down however in our local communities we saw large increases.

There was a large 23% decrease in Sales Prices throughout Tiny Township, however with only 9 Sales recorded, it’s easy for the numbers to get skewed. However, throughout Midland, Penetang and Tay Township we saw increases, most notably in Midland with a 22.5% increase. There are lots of opportunities for buyers heading into the new year with an 23% increase in active listings across the region. Sellers are still in a strong position to seeing price increases along with motivated winter buyers.

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 January 16th, 2024, data gathered by the Ontario Collective based on December 2022 vs December 2023.

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November 2023 Market Report For Our Communities

Overall home sales continue to decline as we head into the end of the year, as buyers have moved to the sidelines and appear to be bunkering down for the winter. Our market is very well supplied at the moment, with inventories trending about on par with their long-term averages, so there are some attractive deals out there waiting for buyers who decide to step back in.

In our local communities these trends were also reflected. There were decreases in Sales Prices across Midland, Penetang and Tiny whilst Tay saw a 14% increase. We also saw large increases across all of our communities in Active listings including a huge 47% increase in Tiny. There are lots of opportunities for buyers heading into the holiday market. Sellers are still in a strong position to seeing price increases along with motivated winter buyers.

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 December 11th, 2023, data gathered by the Ontario Collective based on November 2022 vs November 2023.

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Barrie Market Report For October 2023

Barrie area saw a large boost in new listings hitting the market in October, with 1,610 new homes hitting the market, a 16.67% increase from October 2022. Sales were down in September, with 142 homes sold last month. The year-over-year stats for Active Listings are showing a huge spike of 43%. Prices in the Barrie area have remained steady compared to last year. The average sale price in Barrie was $743,797, where sellers saw gains upwards of 1.5%.  

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 November 23rd. Based on October 2022 v October 2023

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October 2023 Market Report For Our Communities

Fall is in full swing and after the news that Interest rates are holding for now, it seems like consumer trust in the market is increasing. Across our region, we’re seeing increases in New Listings, Active Listings and Average Price month after month. We saw a 6% rise in average listing price and a 5% increase in New Listings – Lots of opportunities for buyers and sellers alike.

In our communities, these trends were also reflected. There were increases in Sales Prices across Midland, Penetang and Tay whilst Tiny saw a 16% decrease. We also saw large increases across all of our communities in Active listings including a huge 27% increase in Tiny. There are lots of opportunities for buyers heading into the holiday market. Sellers are still in a strong position to seeing price increases along with motivated winter buyers.

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 November 10th, 2023, data gathered by the Ontario Collective based on October 2022 vs October 2023.

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Barrie Market Report For September 2023

Barrie area saw a dip in new listings hitting the market in September, with 591 new homes hitting the market, an 8.2% decrease from September 2022. Sales were also down in September, with 165 homes sold last month. Despite the year-over-year stats showing a slight decrease in overall activity, prices in the Barrie area have remained steady compared to last year. The average sale price in Barrie was $754,790, where sellers saw gains upwards of 1.6%. Homes are also spending one day less on the market than last year’s average numbers. Homes in the Barrie area sold firm in 49 days last September.  

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 October 26th. Based on September 2022 v September 2023