Greater Simcoe Region Residential Real Estate Market Q2 Activity
July 8th 2019 - June 30, 2019 marked the end of Quarter Two (Q2) for 2019, 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). The year continues strong when comparing Q2 data (April 1, 2019 – June 30, 2019) to the same period in 2018 (April 1, 2018 – June 30, 2018).
April 1, 2019 - June 30, 2019 Simcoe County Units Sold
2019 continued strong with the number of sales up from last year’s Q2. This was driven by an increased number of sales inside and outside of Barrie. Simcoe County Excluding Barrie was the primary driver.
There was an increase of 16.0% in units sold when comparing Q2 2019, with 1501 units sold, vs. Q2 2018, with 1294 units.
The number of sales increased 10.9% in Q2 2019 (704 Units sold) when compared to Q2 2018 (635 units sold).
Simcoe County Excluding Barrie
The number of sales increased 20.9% in Q2 2019 (797 Units sold) when compared to Q2 2018 (659 units sold).
April 1, 2019 - June 30, 2019 Simcoe County Average Price
Average price during Q2 2019 was up 4.7% as compared to Q2 2018. This was driven both by Barrie and the rest of Simcoe County. However, the areas outside of Barrie had a much higher growth in average price of units sold.
Average price of homes in Simcoe county during Q2 2019 was $513,997. This was a 4.7% growth from the same timeframe last year.
Home prices within Barrie also increased to $494,667, which was a 3.6% increase from Q2 of last year.
Simcoe County Excluding Barrie
Simcoe County Excluding Barrie saw a strong increase in average price of 5.3%, hitting $530,232 in average price of units sold.
Click here to learn more about the Greater Simcoe Region real estate market!
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® (BDAR)
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 The Barrie & District Association of REALTORS® (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.