January 9th, 2020 – The December 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 strong year-over-year growth in both number of sales and in average price of units sold.
The Housing Price Index (HPI) showed a month-over-month increase of 0.31% from November 2019.
Month-Over-Month (December 2019 vs November 2019)
All Residential Homes
Simcoe County
240 residential units were sold in Simcoe County last month—a 41.9% decrease from November 2019. During the same time last year (November 2018 to December 2018), there was a 38.2% decrease in the number of units sold.
The average price of residential units sold last month was $535,689—a 4.5% increase from November 2019. In comparison, the average price during 2018 increased only 2.2% from November to December.
City of Barrie
125 units were sold last month within the City of Barrie, which was 40.8% less than the number of units sold the month prior. Last year, the number of units sold between December and November decreased by 37.7%.
The average price of units sold within Barrie during December was $505,614. This was 4.4% more than the average price during November 2019. In comparison, the average price between December and November 2018 increased by 1.5%.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 115 units were sold. This was 43.1% less than the number of units sold during November 2019. This was a similar decline to what was seen during the same time last year (-38.3%).
The average price of units sold in the areas outside of Barrie last month was $564,374. This was 3.7% more than the month before. In 2018, the average price of units sold outside of Barrie declined by 1.6% during this same timeframe.
Year-To-Date (YTD) (December 2019 YTD vs December 2018 YTD)
All Residential Homes
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. This growth was less than that of total Simcoe County (+17.0%).
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, and this growth was less than what was seen in the total Simcoe region (+4.5%).
In 2019, Barrie accounted for 47.0% of residential properties sold. This was 2.4 share points less than the same timeframe during 2018.
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. This growth in number of units sold was greater than what was seen in the total Simcoe region (+17.0%).
The average price of units sold during this time was $543,263. This was 5.5% greater than what was seen in 2018. This growth was similar to that of total Simcoe (+4.5%).
In 2019, Simcoe County Excluding Barrie accounted for 53.0% of residential properties sold. This was 2.4 share points more than the same timeframe during 2018.
Year-Over-Year (December 2019 vs December 2018)
All Residential Homes
The Housing Price Index (HPI) showed a year-over-year increase of 1.55% between December 2019 and December 2018.
Simcoe County
240 residential units were sold in Simcoe County last month—21.8% more than the same time last year. As well, the average price of residential units sold was $535,689which was 11.0% greater than December 2018.
City of Barrie
125 residential units were sold during December 2019 within Barrie. This was 20.2% more than the number of units sold during December 2018. This growth was slightly less than that of total Simcoe County (+21.8%).
The average price of residential Barrie units sold during December 2019 was $505,614—10.0% greater than the average price of units sold during December 2018. This growth was less than the average-price growth of total Simcoe County (+11.0%).
Sales in Barrie accounted for 52.1% of residential sales in Simcoe County last month. This was 0.7 share points less than the same time last year.
Simcoe County Excluding Barrie
115 residential units were sold outside of Barrie during December 2019, and this was 23.7% greater than the number of units sold during December 2018. This growth was greater than the 21.8% growth seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie last month was $564,374. This was a 13.5% increase in the average price, year-over-year. This increase in average price was greater than the growth found in total Simcoe County (+11.0%).
Residential property sales outside of Barrie accounted for 47.9% of sales in Simcoe County last month. This was 0.7 share points more 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