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Real Estate Market Update in Barrie - July 2015 Stats

Blog by Robert & Matthew Johnston | August 14th, 2015

Barrie & District home sales set new July record

Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 542 units in July 2015, an increase of 6.5 per cent from July 2014 and a record for the month of July.

Within the City of Barrie, sales activity rose 6.1 per cent on a year-over-year basis. The City of Barrie saw 314 residential sales in July. A year-over-year increase of 17.4 per cent was recorded in surrounding areas, where sales activity totalled 250 units.

On a year-to-date basis home sales totalled 3,360 units over the first half of 2015. This was up 12.4 per cent from 2014 and marked the best start to any year on record.

The year-to-date average price for all homes sold via the Association’s MLS® System in 2015 was $366,291, up 7.4 per cent from the same period in 2014.

The year-to-date average price figure for homes sold within the City of Barrie was $341,684.1. This was a 6.8 per cent increase compared to the year-to-date average selling price in 2014.

The year-to-date average price figure for the surrounding areas was $404,099, an increase of 8.8 per cent from the year-to-date average selling price in 2014.

The dollar value of all home sales in July 2015 was $201.3 million, rising 15.0 per cent from year-ago levels. This was the fourth highest dollar volume of any month on record, and the first time dollar volumes had surpassed $200 million in the month of July.

July marked the first year-over-year decline in new listings this year. New residential listings were down 8.0 per cent from July 2014 to 737 units in July 2015.

Overall supply is currently trending at the lowest levels in more than a decade. Active residential listings on the Association’s MLS® System numbered 1,298 units at the end of July 2015, down 16.5 per cent from year-ago levels.

The Barrie Real estate market continues to be a "Sellers Market" - If you want to Sell for TOP DOLLAR & QUICKLY, now is the time!  Contact The Johnston Team, Royal Lepage First Contact Realty in Barrie for a FREE Home evaluation.