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November Market Report In Our Communities & Barrie

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

We’re counting down the days to Christmas after this long year! The biggest gift this holiday season could very well be the value of your home. As we transition into the colder months, we saw a big spike in sales prices through October. Entering November these numbers across our community held pretty consistent as we saw just a 4.2% decrease in Sales Prices. When we compare that to the same time last year, November 2020 see’s a 23% increase across Midland, Penetanguishene, Tiny and Tay. A continued, very impressive rebound from Covid-19.

The number of sales across our communities saw a decrease month over month and year over year. This is evident in our lack of inventory across the region. If you’re looking to sell your home this winter, this is great news for you! Prices are up, interest rates are down and your home faces less competition on the market whilst there is a host of motivated buyers looking to complete their home search!

Average stats combined from Midland, Penetanguishene, Tiny Township and Tay Township
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October Market Report In Our Communities

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

Halloween has come and gone and we’re now on the countdown to Christmas! The biggest gift this holiday season could very well be the value of your home. As we transition into the winter months, we’re seeing a big spike in sales prices compared to September.

The housing market rebounded very well during the summer months of Covid 19 and we’re optimistic about a strong winter market. This trend has continued into October and we’ve actually seen, on average a 17.93% raise in the sales prices of home sales in Midland, Penetanguishene, Tiny Township and Tay Township.

As to be expected, we did see a drop across our communities in the number of houses sold. The beginning of the fall season, kids returning to school and a change in weather are all examples of why we see this drop year over year. Having said that, sales in Midland stayed true to the number of homes sold in September with just 1 less home sold throughout the month.

The lower amount of properties on the market has seen a big spike across the region for sales prices. Tay Township alone saw a rise in the average price from $428,129 to $619,177 in October.

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 prices – 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 November 11, 2020, data gathered by the Ontario Collective based on October 2020 vs November 2020.

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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.