January 9th, 2019 – The 2019 annual sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® Inc. (BDAR) showed strong growth in the number of units sold and the average price of units sold as compared to 2018.
Simcoe County Residential Units Sold & Average Price for the Year 2019 versus 2018
Simcoe County
4999 residential units were sold in Simcoe County during 2019 (January 1st, 2019 – December 31st, 2019). This was 17.0% more than what was sold last year (January 1st, 2018 – December 31st, 2018).
The average price of residential units sold in 2019 was $516,729. This was 4.5% greater than the average price in 2018.
City of Barrie
2348 units were sold in the City of Barrie in 2019. This was an 11.2% growth from the same timeframe last year.
The average price of units sold within the City of Barrie in 2019 was $490,837. This was 3.5% more than the same timeframe last year.
In 2019, Barrie accounted for 47.0% of residential properties sold.
Simcoe County Excluding Barrie
2651 residential units were sold in the areas outside of Barrie in 2019. This was 22.7% greater than the number of units sold in 2018.
The average price of units sold during this time was $543,263. This was 5.5% greater than what was seen in 2018.
In 2019, Simcoe County Excluding Barrie accounted for 53.0% of residential properties sold.
Disclaimer
The prices reflected in this media release are based on homes sold via the live Barrie and District Association of REALTORS® (BDAR) Matrix™ Multiple Listing Service (MLS®) only. Statistical anomalies in average home prices, including irregularly high and/or substantially low residential, sold unit prices have been evaluated and/or removed from the data sets used to calculate final averages in order to illustrate market trends with improved accuracy.
The Barrie & District Association of REALTORS®
The Barrie & District Association of REALTORS® cautions that over a period of time the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live BDAR MLS® system only.
Using a Local Professional REALTOR®
“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local BDAR Realtor® will help you get the most value when buying or selling a home.
About the Home Price Index (HPI)
The MLS® Home Price Index (HPI) conducts an analysis based on prices for Benchmark properties tracked by the MLS® Home Price Index (HPI) for the overall market area served by the Barrie & District Association of REALTORS® Inc (BDAR). The MLS® HPI is the most accurate gauge for price levels and trends, which vary by neighbourhood. For more detailed information, please contact your local BDAR REALTOR®. To learn more visit https://www.crea.ca/housing-market-stats/mls-home-price-index/about-hpi/
About BDAR
The Barrie & District Association of REALTORS® (BDAR) represents almost 1,000 REALTORS® in the Barrie and Simcoe County region. BDAR provides its members leadership opportunities, professional development, and other tools and services to help them deliver a high standard of services to their clients. BDAR is community‐focused and believes that community prosperity is largely based on shelter and home ownership. The Association has a strong focus on affordable housing and helping first‐time buyers understand how to get on the housing ladder. To learn more visit https://bdar.ca