• BDAR

Quarter 3 Real Estate Sales

BARRIE AND DISTRICT ASSOCIATION OF REALTORS® RELEASE 2019 QUARTER THREE (Q3) STATISTICS


October 8th, 2019 - September 30, 2019 marked the end of quarter three (Q3) 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 Q3 data (July 1, 2019 – September 30, 2019) to the same period in 2018 (July 1, 2018 – September 30, 2018).


Quarter 3 2019 compared to Quarter 3 2018

Simcoe County Residential Units Sold

2019 continued strong with the number of sales up from last year’s Q3. This was driven by an increased number of sales inside and outside of Barrie.


Simcoe County

There was a 14.5% increase in units sold when compared to Q3 2018 (Q3 2019 with 1406 units sold vs Q3 2018 with 1228 units sold)


Barrie

The number of sales increased 14.2% in Q3 2019 (659 Units sold) when compared to Q3 2018 (577 units sold).


Simcoe County Excluding Barrie

The number of sales increased 14.7% in Q3 2019 (747 units sold) when compared to Q3 2018 (651 units sold).


Quarter 3 2019 compared to Quarter 3 2018

Simcoe County Average Residential Price

Average price during Q3 2019 was up when compared to Q3 2018. This was driven by Barrie, which showed modest growth in the average price of units sold. Simcoe Excluding Barrie, however, showed a slight decline.


Simcoe County

The average price of homes in Simcoe county during Q3 2019 was $505,311. This was a 2.7% growth from the same timeframe last year.


Barrie

Home prices within Barrie increased to $488,264, which was a 4.3% increase from Q3 of last year.


Simcoe County Excluding Barrie

Simcoe County Excluding Barrie saw an increase of 4.8%, which resulted in an average price of $530,222.


Click here to learn more about the Greater Simcoe Region real estate market!




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

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Barrie & District Association of REALTORS®

676 Veterans Drive

Barrie, ON, L9J 0H6

 

705-739-4650

info@bdar.ca