July 8th, 2021 - June 30th, 2021 marked the end of Quarter Two (Q2) of 2021, 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). Q2 2021 (April 1st, 2021 – June 30th, 2021) sales activity and average price of units sold increased substantially as compared to Q2 2020.
Quarter 2 2021 compared to Quarter 2 2020
Sales activity in Q2 2021 was much stronger than the same time last year. The trend of Ontarians migrating from the Greater Toronto Area to areas such as Simcoe County has continued into Q2. Both Barrie and Simcoe County Excluding Barrie contributed to this growth.
Average price during Q2 2021 was up 41.4% as compared to Q2 2020. This was driven by a growth in average price inside and outside of Barrie.
Simcoe County
There was a 60.0% increase in units sold compared to Q2 2020 (Q2 2021 with 3184 units sold vs Q2 2020 with 1990 units sold)
Average price of homes in Simcoe County during Q2 2021 was $792,242. This was a 41.4% growth from the same timeframe last year.
City of Barrie
The number of sales increased 64.3% in Q2 2021 (1022 units sold) when compared to Q2 2020 (622 units sold).
Home prices within Barrie increased to $738,571, which was a 36.4% increase from Q2 of last year.
Simcoe County Excluding Barrie
The number of sales increased 58.0% in Q2 2021 (2162 units sold) when compared to Q2 2020 (1368 units sold).
Simcoe County Excluding Barrie had an average price of $817,612. This was a 43.8% increase from Q2 of 2020.
Innisfil
The number of units sold in Innisfil during Q2 2021 was 233, 71.3% more than the number of units sold in Q2 2020.
The average price of units sold in Innisfil during Q2 2021 was $834,625. This was 50.5% greater than the average price of Innisfil units sold during Q2 2020.
Orillia
The number of units sold in Orillia during Q2 2021 was 232. This was 55.7% more than the number of units sold in Q2 2020.
The average price of units sold in Orillia during Q2 2021 was $632,914. This was 32.4% greater than the average price of Orillia units sold during Q2 2020.
Essa
The number of units sold in Essa during Q2 2021 was 137. This was 47.3% more than the number of units sold in Q2 2020.
The average price of units sold in Essa during Q2 2021 was $796,422. This was 43.5% greater than the average price of Essa units sold during Q2 2020.
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 over 1,300 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