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by Matthew Klonowski
20February
2018

A look at January 2018 Sales

Residential property sales recorded through the Matrix System in the Barrie and District Association of REALTORS Inc. (BDAR) region numbered 210 units in January 2018, down 18.9 per cent from a very strong month of January in 2017.
Within the City of Barrie, sales activity was down 17.7 per cent on a year-over-year basis in January 2018. The City of Barrie saw 107 residential sales in January 2018. A year-over-year decrease of 20.9 per cent was recorded in surrounding areas, where sales activity totalled 102 units.

The average price for all homes sold via the Realtor.ca System in January 2018 was $522,053, up 8.7 per cent from January 2017.
The average price figure for homes sold within the City of Barrie for January 2018 was $508,560. This was an increase of 10.5 per cent compared to the average selling price in January 2017.
The average price figure for January 2018 in surrounding areas was $541,321, an increase of 8.2 per cent from January 2017.
The dollar value of all home sales in January 2018 was $109.6 million, down 11.8 per cent from year-ago levels. This was still the second highest value for January residential sales on record.
New residential listings rose 31.1 per cent from January 2017 to 527 units in January 2018.
Active residential listings on Realtor.ca numbered 791 units at the end of January 2018, rising 103.9 per cent from very low year-ago levels but still a little below the average of the last decade.
There were 3.8 months of inventory at the end of January 2018, up from 1.5 months a year earlier but still a little lower than 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 218 units in January 2018, down 21.9 per cent compared to January 2017. The total value of all properties sold in January 2018 was $121.6 million, down 12.4 per cent on a year-over-year basis.

Curious about the curret value of your condo? Choosing a licensed Realtor is the smartest way to get the exact value of your property. The Barrie Condo Team offers the right expertise and experience that you will ever need when buying or selling your condo. Our team members have completed intensive Real Estate training. With very powerful negotiation skills, The Barrie Condo Team fully understands financing and mortgage rules, insurance and liability coverage and all the local condo and townhouse details involved in Barrie & surrounding areas key elemements to help you gain the most value when selling or buying a condo.

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