Barrie Real Estate Market Report – First Quarter 2014

Barrie Real Estate Market Report - First Quarter 2014

Here is a summary of Barrie’s residential real estate market for the first quarter of 2014.

FIRST QUATER MARKET REPORT 2014-Within the City of Barrie sales activity was down 17 per cent in January 2014 compare to January 2013, down 11 per cent in February 2014 compare to February 2013, up 7 per cent in March 2014 compare to March 2013.

The average price figure for homes sold within the City of Barrie was a six per cent increase in January 2014 compared to the average selling price in January 2013, a seven per cent increase in February 2014 compared to the average selling price in February 2013, an eight per cent increase in March 2014 compared to the average selling price in March 2013.

Overall supply remains below levels seen in most of the past decade. Active residential listings on the Association’s MLS® System numbered 919 units at the end of January 2014, down 16 per cent from year-ago levels and the lowest January since 2000.  992 active residential listings at the end of February 2014, down 18 per cent from year-ago levels and the lowest February in more than two decades. 1,195 active residential listings at the end of March 2014, down 16 per cent from year-ago levels and the lowest March in more than a decade.

 

Buying, selling or investing real estate in Barrie area in 2014? Contact us today.

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