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Barrie Real Estate Market Update for July 2012

Blog by Robert & Matthew Johnston | August 3rd, 2012

Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 418 units in July 2012, up 10 per cent from the same month last year. This was the seventh consecutive year-over-year gain.

Within the city of Barrie, sales activity recorded an increase on par with the overall region. The city of Barrie saw 255 residential sales in July, also 10 per cent above levels from July 2011.

The year-to-date average price for all homes sold via the Association’s MLS® System in July 2012 was $302,905, up six per cent from levels at the same time last year.

The year-to-date average price figure for homes sold within the City of Barrie was $287,367. This was a seven per cent increase compared to the same period in 2011.

New residential listings were up seven per cent from a year earlier to 700 units in July 2012.

Overall supply levels have generally been trending downward since last summer and this trend continued to play out in July. Active residential listings on the Association’s MLS® System numbered 1,686 units at the end of July 2012. This was down 10 per cent from the end of July 2011.

Sales of all property types in the Barrie region numbered 430 units in July, up 12 per cent compared to July 2011. The total value of all properties sold in July 2012 was $134.2 million, up 16 per cent on a year-over-year basis.

The Barrie and District Association of REALTORS® Inc. covers a geographical area that includes the City of Barrie and part or all of the surrounding townships, including Springwater, Oro-Medonte, Innisfil, Essa, Bradford-West Gwillimbury and Clearview. The Association provides continuing education, Multiple Listing Service® (MLS®), statistical information, and many other services to its members .