BARRIE AND DISTRICT ASSOCIATION OF REALTORS® (BDAR) RELEASE 2020 QUARTER ONE (Q1) STATISTICS
April 7th, 2019 - March 31,2020 marked the end of Quarter One (Q1) for 2020, and residential sales information is in with residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® Inc. (BDAR).
Quarter 1 2020 compared to Quarter 1 2019
Simcoe County Residential Units Sold
The following shows the residential sales activity for units sold in Quarter 1 (Q1).
Simcoe County
There was a 31.4% increase in units sold when compared to Q1 2019 (Q1 2020 with 1205 units sold vs Q1 2019 with 917 units sold)
Barrie
The number of sales increased 47.8% in Q1 2020 (603 units sold) when compared to Q1 2019 (408 units sold).
Simcoe County Excluding Barrie
The number of sales increased 18.3% in Q1 2020 (602 units sold) when compared to Q1 2019 (509 units sold).
Quarter 1 2020 compared to Quarter 1 2019
Simcoe County Average Residential Price
The following shows the average sales price for residential properties in Quarter 1 (Q1).
Simcoe County
Average price of homes in Simcoe county during Q1 2020 was $537,676. This was a 6.1% growth from the same timeframe last year.
Barrie
Home prices within Barrie increased to $525,723, which was a 9.6% increase from Q1 of last year.
Simcoe County Excluding Barrie
Simcoe County Excluding Barrie had an average price of $552,839. This was a 5.2% increase form Q1 of 2019.
Click here to learn more about the Greater Simcoe Region real estate market!
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 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