July 10, 2020 – The June 2020 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 a strong year-over-year and month-over-month growth.
The Housing Price Index (HPI) showed a month-over-month increase of 1.0% from May 2020.
Month-Over-Month (June 2020 vs May 2020) All Residential Homes
Simcoe County
725 residential units were sold in Simcoe County last month—a 62.9% increase from May 2020. During the same time a year ago (May 2019 to June 2019), there was a 3.0% decrease in the number of units sold.
The average price of residential units sold last month was $569,982—a 3.1% increase from May 2020. In contrast, the average price a year ago decreased 0.1% from May to June.
City of Barrie
325 units were sold last month within the City of Barrie, which was 53.3% more than the number of units sold the month prior. A year ago, the number of units sold between June and May decreased 7.3%.
The average price of units sold within Barrie during June 2020 was $552,164. This was 6.2% more than the average price during May 2020. In contrast, the average price of units sold between June 2019 and May 2019 increased by 0.5%.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 400 units were sold. This was 71.7% more than the number of units sold during May 2020. During the same time a year ago, there was a 1.1% increase in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $592,550. This was 2.1% more than the month before. Between June 2019 and May 2019, the average price of units sold outside of Barrie declined 2.9%.
Innisfil
64 residential units were sold in Innisfil last month—a 18.5% increase from May 2020. During the same period, a year ago (May 2019 to June 2019), there was a 3.7% increase in the number of units sold.
The average price of residential units sold for Innisfil last month was approximately $525,189 —a 1.0% increase from May 2020. In contrast, the average price a year ago increased by 3.8% from May to June.
Orillia
46 residential units were sold in Orillia last month—a 91.7% increase from May 2020. During the same period, a year ago (May 2019 to June 2019), there was a 76.9% increase in the number of units sold.
The average price of residential units sold for Orillia last month was approximately $456,579 —a 9.7% increase from May 2020. In contrast, the average price a year ago decrease by 4.5% from May to June.
Year-To-Date (YTD) (June 2020 YTD vs June 2019 YTD)
All Residential Homes
Simcoe County
2599 residential units were sold in Simcoe County during June 2020 Year-To-Date (YTD) (January 1st, 2020 – June 30st, 2020). This was 7.7% more than what was sold during the same timeframe last year (January 1st, 2019 – June 30st, 2019). The average price of residential units sold during June 2020 YTD was $554,680. This was 8.8% greater than the average price during the same timeframe last year.
City of Barrie
1241 units were sold in the City of Barrie during June 2020 YTD. This was a 11.9% growth from the same timeframe last year. This growth was greater than the increase in total Simcoe County (+7.7%).
The average price of units sold within the City of Barrie during June 2020 YTD was $528,692. This was 8.9% more than the same timeframe last year, and this growth was greater than what was seen in the total Simcoe region (+8.8%). During June 2020 YTD, Barrie accounted for 47.7% of residential properties sold. This was 1.8 share points more than the same timeframe during 2019.
Simcoe County Excluding Barrie
1358 residential units were sold in the areas outside of Barrie during June 2020 YTD. This was 4.1% more than the number of units sold during June 2019 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+7.7%).
The average price of units sold during this time was $567,269. This was 7.2% greater than what was seen during June 2019 YTD. This growth was slightly less than that of total Simcoe (+8.8%). During June 2020 YTD, Simcoe County Excluding Barrie accounted for 52.3% of residential properties sold. This was 1.8 share points less than the same timeframe during 2019.
Innisfil
279 residential units were sold in Innisfil during June 2020 Year-To-Date (YTD). This was 3.1% less than what was sold during the same timeframe last year. The average price of residential units sold during June 2020 YTD was $514,026. This was 2.3% greater than the average price during the same timeframe last year.
Orillia
46 residential units were sold in Orillia last month—a 91.7% increase from May 2020. During the same period, a year ago (May 2019 to June 2019), there was a 76.9% increase in the number of units sold.
The average price of residential units sold for Orillia last month was approximately $456,579 —a 9.7% increase from May 2020. In contrast, the average price a year ago decrease by 4.5% from May to June.
Year-Over-Year (June 2020 vs June 2019)
All Residential Homes
The Housing Price Index (HPI) showed a year-over-year increase of 11.9% between June 2020 and June 2019.
Simcoe County
725 residential units were sold in Simcoe County last month—47.1% greater than the same time last year. As well, the average price of residential units sold was $569,982 which was 10.8% greater than that of June 2019.
City of Barrie
325 residential units were sold during June 2020 within Barrie. This was 41.9% more than the number of units sold during June 2019. This growth was less than that of total Simcoe County (+47.1%).
The average price of residential Barrie units sold during June 2020 was $552,164—11.8% greater than the average price of units sold during June 2019. This growth was slightly more than the average-price growth of total Simcoe County (+10.8%). Sales in Barrie accounted for 44.8% of residential sales in Simcoe County last month. This was 1.6 share points less than the same time last year.
Simcoe County Excluding Barrie
400 residential units were sold outside of Barrie during June 2020, and this was 51.5% more than the number of units sold during June 2019. This growth was greater than the 47.1% growth seen in the total Simcoe Region.
The average price of units sold in Simcoe County Excluding Barrie last month was $592,550. This was a 12.5% increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+10.8%). Residential property sales outside of Barrie accounted for 55.2% of sales in Simcoe County last month. This was 1.6 share points more than the same time last year.
Innisfil
64 residential units were sold in Innisfil last month—14.3% greater than the same time last year. As well, the average price of residential units sold was $525,189 which was 5.8% greater than that of June 2019.
Orillia
46 residential units were sold in Orillia last month—39.4% greater than the same time last year. As well, the average price of residential units sold was $456,579 which was 7.2% greater than that of June 2019.
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