August 8th, 2019 – The July 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 growth in the number of residential units sold and average price of units sold in Simcoe County.
The Housing Price Index (HPI) showed a slight month-over-month increase of 0.85% from June 2019 and a year-over-year decline of 1.31% between July 2019 and July 2018.
Month-Over-Month (July 2019 vs June 2019)
All Residential Homes
Simcoe County
504 residential units were sold in Simcoe County last month, and this was a 1.8% growth from the month before (June 2019). During the same time last year (June 2018 to July 2018), there was a 17.5% decline in the number of units sold.
The average price of residential units sold last month was $505,270—a 1.1% decrease from June 2019. In comparison, the average price during 2018 declined 1.7% from June to July.
City of Barrie
221 units were sold last month within the City of Barrie, which was 4.7% less than the number of units sold the month prior. This is less of a decline than in 2018, where the number of units sold decreased 28.1% between July and June.
The average price of units sold within Barrie during July was $481,893. This was 2.5% less than the average price during June 2019. In comparison, the average price in the same time frame last year decreased 0.3%
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 283 units were sold. This was 7.6% greater than the number of units sold during June 2019. For reference, the number of units sold between June 2018 and July 2018 declined 5.2%.
The average price of units sold in the areas outside of Barrie last month was $526,384. This was 0.2% less than the month before. In 2018, the average price of units sold outside of Barrie declined 3.3% during this same time frame.
Year-To-Date (YTD)
(July 2019 YTD vs July 2018 YTD)
All Residential Homes
Simcoe County
2920 residential units were sold in Simcoe County during July 2019 year-to-date (YTD) (January 1st, 2019 – July 31st, 2019). This was 15% more units sold than during the same time frame last year (January 1st, 2018 – July 31st, 2018). The average price of residential units sold during this time was $514,253. This was 3.9% greater than the average price during the same time last year.
City of Barrie
1332 units were sold in the City of Barrie during July 2019 YTD. This was a 6.3% growth as compared to the same time frame last year. This growth was less than that of total Simcoe County (+15%)
The average price of units sold within the City of Barrie during July 2019 YTD was $488,878. This was 2% more than the same time last year, and this growth was less than what was seen in the total Simcoe region (+3.9%)
During July 2019 YTD, Barrie accounted for 45.6% of residential properties sold. This was 3.7 share points less than the same time frame during 2018.
Simcoe County Excluding Barrie
1588 residential units were sold in the areas outside of Barrie during July 2019 YTD. This was 23.4% greater than the number of units sold during July 2018 YTD. This growth in number of units sold was much greater than what was seen in the total Simcoe region (+15%)
The average price of units sold during this time was $532,674. This was 4.2% greater than what was seen during July 2018 YTD. This growth was slightly greater than that of total Simcoe (+3.9%)
During July 2019 YTD, Simcoe County Excluding Barrie accounted for 54.4% of residential properties sold. This was 3.7 share points more than the same time frame during 2018.
Year-Over-Year
(July 2019 vs July 2018)
All Residential Homes
Simcoe County
504 residential units were sold in Simcoe County last month, which was 24.1% more than the same time last year. Additionally, the average price of residential units sold was $505,270. This average price was 3.3% greater than that of July 2018.
City of Barrie
221 units were sold during July 2019 within the City of Barrie. This was 16.9% more than the number of units sold in Barrie during July 2018. This growth was less than that of total Simcoe County (+24.1%).
The Barrie average price of units sold during July 2019 was $481,893—1.8% greater than the average price during July 2018. This growth was less than the average-price growth of total Simcoe County (+3.3%). Residential property sales in Barrie accounted for 43.8% of residential sales in Simcoe County last month. This was 2.7 share points less than the same time last year.
Simcoe County Excluding Barrie
283 residential units were sold outside of Barrie during July 2019, and this was 30.4% more than the number of units sold during July 2018. This growth was greater than the 24.1% units-sold growth seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie was $526,384 last month. This was a 5.9% increase in the average price as compared to the same time last year. This growth in average price was greater than that of total Simcoe County (+3.3%).
Residential property sales outside of Barrie accounted for 56.2% of sales in Simcoe County last month. This was 2.7 share points greater 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