The Low Down on Barrie and District Home Sales in December and 2016 Overall
Within the City of Barrie, detached residential properties posted an average selling price for the month of December 2016 of $502,641 an increase of 28% over December 2015.
Residential townhouse, link, and semi‐detached homes in the City of Barrie posted an average selling price of $347,552 in December 2016, a 21% increase over December 2015.
Condominium sales average for the City of Barrie for the month of December 2016 was $398,909, a 78% increase compared to December 2015.
Essa Township: Detached residential properties posted an average selling price of $443,114 in December 2016, an increase of 46% over December 2015.
Town of Innisfil: Detached residential properties in the Town of Innisfil posted an average selling price of $496,876 in December 2016, an increase of 39% over the month of December 2015.
Oro‐Medonte Township: The average selling price for detached residential properties in Oro‐Medonte in December 2016 was $650,757 an increase of 34% over December 2015.
Springwater Township: Detached residential homes in Springwater Township posted an average selling price in December 2016 of $557,857an increase of 13% over December 2015.
2016 vs. 2015
For Barrie and District as a whole, annual sales totalled 6,032 units in 2016. This was up 15 per cent from 2015.
The annual average price for all homes sold via the Association’s MLS® System was $438,828, up 17.6 per cent from 2015.
“It’s been known for a while that activity would set a record in 2016, but the question is if sales can keep this up with the number of homes listed for sale decreasing,” said Rob Alexander, 2017 President of the Barrie & District Association of REALTORS®. “December provided what might be the first evidence that supply is starting to bite into sales, particularly with the year-over-year decline in transactions completely focussed in the City of Barrie, where there was a record low of just 84 properties listed for sale to begin 2017. This is why it’s important to talk to a local professional REALTOR® when buying or selling.”
*Photo cred: City of Barrie
Information and statistics provided by The Barrie and District Association of REALTORS® Inc.