June 6th, 2019 – The May 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 that in Simcoe County, the number of units sold remained balanced from last month, with an increase in average price.
Month-Over-Month (May 2019 vs April 2019)
All Residential Homes
Simcoe County
508 residential units were sold in Simcoe County last month. This was 2.6% greater than the month before (April 2019). During the same time last year (April 2018 to May 2018), there was 0% change in the number of units sold month over month.
The average price of the units sold in May was $518,891. This was 1.7% greater than the month before. This growth in average price is less than what was seen during the same time last year (+6.0%).
City of Barrie
Within Barrie during May 2019, 245 units were sold. This is 9.9% greater than the number of units sold the month prior. This growth is greater than in the same timeframe in 2018, where sales only grew 3.3% from April to May.
The average price of residential unit homes sold in the City of Barrie last month was $493,083. This was a 1.5% increase when compared to April 2019. The average price for Barrie grew by 4.2% during the same timeline in the year 2018.
Simcoe County Excluding Barrie
In Simcoe County excluding Barrie last month, 263 units were sold. This is down 3.3% from April 2019. This decline is greater than the decline from April 2018 to May 2018, where the number of sales declined 2.8%.
The average price of units sold in May was $541,820. This is 3.6% greater than the month prior. And this growth is slightly less than that of last year, where the average price increased 3.3% between April and May of 2018.
Year-Over-Year (May 2019 vs May 2018)
All Residential Homes
Simcoe County
508 units were sold last month, and this was 26.7% greater than the same time last year. The average price of units sold in May was $518,891 — 3.9% greater than last year.
City of Barrie
245 units were sold within the City of Barrie last month — 29.6% greater than May 2018. This growth was greater than the growth in number of sales seen in the whole Simcoe region (+26.7%)
The average price of residential homes sold in Barrie in May was $493,083. This was a 2.8% increase from the average price of homes sold during the same timeframe last year. This growth is less than the growth seen in the whole Simcoe region (+3.9%).
Residential property sales in Barrie accounted for 48.2% of all Simcoe Region sales last month. This was a 1.1 share point increase from May 2018.
Simcoe County Excluding Barrie
263 units were sold outside of Barrie last month. This is 24.1% greater than the May 2018. This growth was less than the growth seen in all of Simcoe County (+26.7%).
The average price of units sold in Simcoe County excluding Barrie was $541,820. This was an 9.1% growth from the same time last year. This growth was greater than the growth seen in total Simcoe County (+3.9%).
Residential property sales outside of Barrie accounted for 51.8% of sales in Simcoe County. This is 1.1 share points less than the same time last year.
Year-To-Date (YTD) (May 2019 YTD vs May 2018 YTD)
All Residential Homes
Simcoe County
1924 units were sold in Simcoe County during May 2019 YTD (January 1st, 2019 – May 31st, 2019). This was 17.2% greater than during the same timeframe last year (January 1st, 2018 – May 31st, 2018). The average price during this time was $511,048, which was a 3.5% growth year-over-year.
City of Barrie
879 residential units were sold in the City of Barrie during May 2019 YTD. This was an 9.7% growth year-over-year. This growth is less than the year-over-year growth of total Simcoe County (+17.2%).
The average price of units sold during this time was $487,212. This was 2.1% more than the same time last year, and this growth was slightly less than the growth seen in all of Simcoe County (+3.5%).
During May 2019 YTD, Barrie accounted for 45.7% of sales in Simcoe County. This is 3.1 share points less than May 2018 YTD.
Simcoe County Excluding Barrie
1045 units were sold in the areas outside of Barrie so far this year. This was 24.3% more than the number of units sold in May 2018 YTD. This growth is greater than the growth seen in the whole Simcoe County (+17.2%).
The average price of homes sold during this time in Simcoe excluding Barrie was $530,812. This is a 4.1% year-over-year growth. This growth is greater than the year-over-year growth in the total Simcoe County region (+3.5%).
During May 2019 YTD, non-Barrie sales in Simcoe County accounted for 54.3% of sales in Simcoe County. This is 3.1 share points greater than the same timeframe in 2018.
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 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.