BARRIE AND DISTRICT ASSOCIATION OF REALTORS® (BDAR) RELEASE 2020 QUARTER THREE (Q3) STATISTICS
October 8th, 2020 - September 30th, 2020 marked the end of Quarter Three (Q3) of 2020, and residential sales information is in with residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® (BDAR).Q3 2020 (July 1st, 2020 – September 30th, 2020) sales activity increased heavily compared to Q3 2019. The average price of units sold also saw modest growth in Q3 2020 as compared to Q3 2019.
Quarter 3 2020 compared to Quarter 3 2019
Simcoe County Residential Units Sold
Sales activity in Q3 2020 was much stronger than the same time last year. This was likely due to a rebound in the market as the economy reopens from the pandemic. Both Barrie and Simcoe Country Excluding Barrie contributed to this growth.
Simcoe County
There was a 55.3% increase in units sold when compared to Q3 2019 (Q3 2020 with 3344 units sold vs Q3 2019 with 2153 units sold)
Barrie
The number of sales increased 54.9% in Q3 2020 (1021 units sold) when compared to Q3 2019 (659 units sold).
Simcoe County Excluding Barrie
The number of sales increased 55.5% in Q3 2020 (2323 units sold) when compared to Q3 2019 (1494 units sold).
Innisfil
The number of units sold in Innisfil during Q3 2020 was 241, 56.5% more than the number of units sold in Q3 2019 (154 units sold).
Orillia
The number of units sold in Orillia during Q3 2020 was 251. This was 56.9% more than the number of units sold in Q3 2019 (160 units sold).
Quarter 3 2020 compared to Quarter 3 2019
Simcoe County Average Residential Price
Average price during Q3 2020 was up 22.4% as compared to Q3 2019. This was driven by a growth in average price inside and outside of Barrie.
Simcoe County
Average price of homes in Simcoe county during Q3 2020 was $616,115. This was a 22.4% growth from the same timeframe last year.
Barrie
Home prices within Barrie increased to $574,023, which was a 16.8% increase from Q3 of last year.
Simcoe County Excluding Barrie
Simcoe County Excluding Barrie had an average price of $634,586. This was a 24.7% increase form Q3 of 2019.
Innisfil
The average price of units sold in Innisfil during Q3 2020 was $629,606. This was 32.3% greater than the average price of Innisfil units sold during Q3 2019.
Orillia
The average price of units sold in Orillia during Q3 2020 was $478,894. This was 12.0% greater than the average price of Orillia units sold during Q3 2019.
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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 over 1,100 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