Barrie Real Estate Market Report – Second Quarter 2015

Barrie Real Estate Market Report – Second Quarter 2015

Here is a summary of Barrie’s residential real estate market for the second quarter of 2015.

 

second quarter-SCOTTCOOPERHOMES

“Housing markets all over the Greater Golden Horseshoe region continue to see very strong demand amid tight supply,” said Bruce Shipley, President of the Barrie and District Association of REALTORS®. “Some of those markets, including the Barrie region, have seen a good amount of new supply come on stream and are setting sales records as those properties are quickly snapped up. Both sales and new listings in the Barrie region set new June records. That said, demand is still outpacing new supply, resulting in some of the lowest levels of overall inventory on record. This, in turn, is pushing price higher.”

 

 

Within the City of Barrie, sales activity rose 11.9 per cent  in April 2015 compare to April 2014, rose 7.4 per cent  in May 2015 compare to May 2014, rose 29.5 per cent  in June 2015 compare to June 2014.

 

The average price figure for homes sold within the City of Barrie was a 3.9 per cent increase compared to the average selling price in April 2014; was a 4.7 per cent increase  in May 2015 compared to the average selling price in May 2014, was a 5.5 per cent increase  in June 2015 compared to the average selling price in June 2014.

 

Overall supply remains below levels from most of the past decade. Active residential listings on the Association’s MLS® System numbered 1,394 units at the end of April 2015, edging down two units from year-ago levels; numbered 1,481 units at the end of May 2015, down four per cent from year-ago levels; numbered 1,404 units at the end of June 2015, down 7.4 per cent from year-ago levels.

Buying, selling or investing real estate in Barrie area in 2015? Contact us today.

 

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