The March 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 residential property sales were up from March of last year. This growth was in both the Barrie and Simcoe Excluding Barrie regions. Additionally, average price was also up, with Simcoe Excluding Barrie contributing more than Barrie.
City of Barrie
195 units were sold within the City of Barrie in March 2019 —a growth of 82.2% from February 2019. This growth was significantly greater than what was experienced during the same timeframe in 2018, where the number of units sold grew 22.5%. The average price of homes in Barrie was $494,488, which was 3.9% greater than the average price of units sold the month prior. This was slightly less than the growth in February 2018 going into March 2018, where the average price increased by 4.6%.
405 units were sold in Simcoe County in March, and this was 46.2% greater than the number of units sold the month prior (February 2019). This was slightly greater than the growth between February and March in 2018, (+41.3%) The average price of homes in Simcoe County in March 2019 was $513,501. This was 1.1% greater than the average price of units sold in February 2019. The 2019 February-to-March growth contrasted the decline during the same timeframe faced in 2018 (-1.8%).
Simcoe County Excluding Barrie
210 units were sold outside of Barrie in March. This was 23.5% more units sold than in February 2019. This growth in month-to-month sales was significantly less than that of the same timeframe last year. In March 2018, the number of units sold grew 64.1% in comparison to February 2018. The average price of units sold in March 2019 was $558,396. This was 5.7% greater than the average price the month before. This month-to-month change contrasts the decline seen the same timeframe last year (-6.5%).
?If you have questions about the current market, or are curious as to what your home is worth, contact me any time. Call me direct at 905-251-7653.