‘Strong’ real estate sales market leads to double-digit home price percentage increases, Barrie realtors say

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The Barrie and District Association of Realtors has released its latest monthly statistics report, which shows “strong” growth in both year-to-date and year-over-year sales numbers across the region.

There were 471 residential units sold in Simcoe County, excluding Barrie, in November; an increase of 25.3 per cent compared to the same month in 2019. The average price of units sold was $672,748 — up 26.4 per cent year-over-year.

Within the city, 240 homes were sold, a 17.6 per cent jump from Nov. 2019 numbers. Meanwhile, the average sale price was $588,265, up 21.6 per cent from the same month last year.

Also of note, 34 apartment and condo units were sold in Barrie in November, a 10.5 per cent dip from 2019. However, the average price climbed 27.9 per cent to $429,242.

“Nov. 2020 information is in, and residential property sales showed that year-over-year sales and average price of units sold continued strong across most regions, with properties outside of Barrie showing stronger growth,” the association said in a statement. “The real estate market begins to slow down this time of year.”

Year-to-date, 5,858 residential units have been sold across the county, excluding Barrie — a jump of 22.3 per cent over the first 11 months of 2019. The average price rose 18.6 per cent, comparatively, to $608,628.

The city saw 2,808 units sold from January to November this year, a 27.4 per cent increase over the same period in 2019. The average sales price was $561,482, up 14.1 per cent over last year’s numbers.

Year-to-date data also showed double-digit price increases in Innisfil and Orillia. There were 628 homes sold in Innisfil, a 13.4 per cent dip from 2019. But the average residential unit sold for $602,762, a 16.5 per cent increase over Jan. 2019 to Nov. 2019.

Meanwhile, 652 residential units were sold in Orillia — 21.4 per cent more than the first 11 months of 2019. The average price also jumped from 11.7 per cent to $468,521.

The association represents more than 1,100 realtors throughout the region.

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