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Barrie Real Estate Market Update for July 2013

Near–record July for Barrie & District home sales
Residential property sales recorded through the MLS® System of the Barrie &
District Association of REALTORS® Inc. numbered 498 units in July 2013, a 19 per
cent jump compared to July 2012.
Within the City of Barrie sales activity was up nine per cent from a year earlier. The
City of Barrie saw 277 residential sales in July.
“While home sales in the City of Barrie recorded a healthy year-over-year gain in
July, activity in the surrounding townships actually set a new July record, and that’s
what pushed the overall sales figure for the region to its second highest level ever
for the month of July,” said Wendy Elzner, President of the Barrie and District
Association of REALTORS®. “While demand is up, supply continues to trend lower,
and that’s resulting in historically tight market conditions. As such, the kind of price
growth we’ve been seeing so far in 2013 will likely continue through the end of the
year.”
The year-to-date average price for all homes sold via the Association’s MLS® System
in July 2013 was $318,702, up five per cent from the same period in 2012.
The year-to-date average price figure for homes sold within the City of Barrie was
$300,789. This was also a five per cent increase compared to the average selling
price in the same period last year.
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 dollar value of all home sales in July 2013 was $161.2 million, up 25 per cent
from year-ago levels.
New residential listings fell three per cent from a year earlier to 677 units in July
2013.
Overall supply remains below levels in most of the past decade. Active residential
listings on the Association’s MLS® System numbered 1,583 units at the end of July
2013, down six per cent from levels at the end of July 2012.
There were 3.2 months of inventory at the end of July 2013. This was down from
four months at the end of July 2012 and also stood below the long-run average for
this time of year. The number of months of inventory is the number of months it
would take to sell current inventories at the current rate of sales activity.
Sales of all property types in the Barrie region numbered 513 units in July, up 19 per
cent compared to July 2012. The total value of all properties sold in July 2013 was
$165 million, up 23 per cent on a year-over-year basis.
Near–record July for Barrie & District home sales
 
Residential property sales recorded through the MLS® System of the Barrie &
District Association of REALTORS® Inc. numbered 498 units in July 2013, a 19 per
cent jump compared to July 2012.

 
Within the City of Barrie sales activity was up nine per cent from a year earlier. The
City of Barrie saw 277 residential sales in July.

 
“While home sales in the City of Barrie recorded a healthy year-over-year gain in
July, activity in the surrounding townships actually set a new July record, and that’s
what pushed the overall sales figure for the region to its second highest level ever
for the month of July,” said Wendy Elzner, President of the Barrie and District
Association of REALTORS®. “While demand is up, supply continues to trend lower,
and that’s resulting in historically tight market conditions. As such, the kind of price
growth we’ve been seeing so far in 2013 will likely continue through the end of the
year.”

 
The year-to-date average price for all homes sold via the Association’s MLS® System
in July 2013 was $318,702, up five per cent from the same period in 2012.
The year-to-date average price figure for homes sold within the City of Barrie was
$300,789. This was also a five per cent increase compared to the average selling
price in the same period last year.
 
 
The dollar value of all home sales in July 2013 was $161.2 million, up 25 per cent
from year-ago levels.
Overall supply remains below levels in most of the past decade. Active residential
listings on the Association’s MLS® System numbered 1,583 units at the end of July
2013, down six per cent from levels at the end of July 2012.


Sales of all property types in the Barrie region numbered 513 units in July, up 19 per
cent compared to July 2012. The total value of all properties sold in July 2013 was
$165 million, up 23 per cent on a year-over-year basis.


The Barrie & Area Real Estate Market continues to be strong...Please contact us if
you're thinking of Selling...705-795-4107 

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