September 6th, 2019 – The August 2019 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® Inc. (BDAR) region showed year-over-year growth in the City of Barrie in the number of units sold and average price of units sold.
The Housing Price Index (HPI) showed a slight month-over-month increase of 1.60% from July 2019.
Month-Over-Month (August 2019 vs July 2019)
All Residential Homes
Simcoe County
466 residential units were sold in Simcoe County last month—a 7.5% decline from the month before (July 2019). During the same time last year (July 2018 to August 2018), there was an 8.4% growth in the number of units sold.
The average price of residential units sold last month was $506,944—a 0.3% increase from July 2019. In comparison, the average price during 2018 increased 0.3% from July to August.
City of Barrie
222 units were sold last month within the City of Barrie, which was 0.5% more than the number of units sold the month prior. In comparison, the number of units sold between July 2018 and August 2018 increased 6.3%.
The average price of units sold within Barrie during August was $487,919. This was 1.3% more than the average price during July 2019. In comparison, the average price in the same timeframe last year remained neutral at 0%.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 244 units were sold. This was 13.8% less than the number of units sold during July 2019. This was a contrast to the number of units sold between July 2018 and August 2018, where the number of units sold increased 10.1%.
The average price of units sold in the areas outside of Barrie last month was $525,787. This was 0.1% less than the month before. In 2018, the average price of units sold outside of Barrie increased 1.2% during this same timeframe.
Year-To-Date (YTD) (August 2019 YTD vs August 2018 YTD)
All Residential Homes
Simcoe County
3388 residential units were sold in Simcoe County during August 2019 Year-To-Date (YTD) (January 1st, 2019 – August 31st, 2019). This was 13.7% more than what was sold during the same timeframe last year (January 1st, 2018 – August 31st, 2018). The average price of residential units sold during August 2019 YTD was $514,326. This was 3.2% greater than the average price during the same timeframe last year.
City of Barrie
1557 units were sold in the City of Barrie during August 2019 YTD. This was a 7.1% growth from the same timeframe last year. This growth was less than that of total Simcoe County (+13.7%)
The average price of units sold within the City of Barrie during August 2019 YTD was $488,383. This was 2.2% more than the same timeframe last year, and this growth was less than what was seen in the total Simcoe region (+3.2%)
During August 2019 YTD, Barrie accounted for 46.0% of residential properties sold. This was 2.8 share points less than the same timeframe during 2018.
Simcoe County Excluding Barrie
1831 residential units were sold in the areas outside of Barrie during August 2019 YTD. This was 20% greater than the number of units sold during August 2018 YTD. This growth in number of units sold was much greater than what was seen in the total Simcoe region (+13.7%)
The average price of units sold during this time was $540,635. This was 5.4% greater than what was seen during August 2018 YTD. This growth was slightly greater than that of total Simcoe (+3.2%)
During August 2019 YTD, Simcoe County Excluding Barrie accounted for 54.0% of residential properties sold. This was 2.8 share points more than the same timeframe during 2018.
Year-Over-Year (August 2019 vs August 2018)
All Residential Homes
The Housing Price Index (HPI) showed a year-over-year increase of 0.75% between August 2019 and August 2018.
Simcoe County
466 residential units were sold in Simcoe County last month—5.9% more than the same time last year. Additionally, the average price of residential units sold was $506,944. This average price was 3.3% greater than that of August 2018.
City of Barrie
222 units were sold during August 2019 within the City of Barrie. This was 10.4% more than the number of units sold in Barrie during August 2018. This growth was greater than that of total Simcoe County (+5.9%).
The Barrie average price of units sold during August 2019 was $487,919—3.1% greater than the average price during August 2018. This growth aligned with the average-price growth of total Simcoe County (+3.3%). Residential property sales in Barrie accounted for 47.6% of residential sales in Simcoe County last month. This was 2.0 share points more than the same time last year.
Simcoe County Excluding Barrie
244 residential units were sold outside of Barrie during August 2019, and this was 2.1% greater than the number of units sold during August 2018. This growth was lesser than the 5.9% growth seen in the total Simcoe region for residential units sold.
The average price of units sold in Simcoe County Excluding Barrie was $525,787 last month. This was a 4.5% increase in the average price, year-over-year. This growth in average price was greater than that of total Simcoe County (+3.3%). Residential property sales outside of Barrie accounted for 52.4% of sales in Simcoe County last month. This was 2.0 share points less than the same time last year.
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