Barrie Real Estate Market Update – April 2014

Barrie Real Estate Market Update -  April 2014

Overall Canada’s Residential Real Estate Market

Many experts believed that the real estate market was cooling. But as the spring buying season begins, it’s clear that’s not true. According to the Canadian Real Estate Association, the national average price for an increase of six per cent in year-over-year comparisons. According to CBC NEWS, however, several cities across the country have seen price drops, including Montreal, Winnipeg and Regina.

 

FIRST QUATER MARKET REPORT 2014Summary of Barrie & District Real Estate Market

Home Sales Activity 471 homes (down 8%)

Average Price of $335,222 (increase 8%)

House on Market 1,396 ( down 14%)

 

Summary of Barrie Real Estate Market

Home Sales Activity 286 homes (down 7%)

Average Price of $316,813 (increase 7%)

 

 

“Last April saw a very active market with more than 500 properties trading hands, so it’s not surprising to see activity down a bit this year,” said Jerry Hay, President of the Barrie and District Association of REALTORS®. “Overall it was an average month of April for sales whether compared to the past five or 10 years, and with supply continuing to trend lower, it continues to be a seller’s market.”

Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered  471 units in April 2014. This was down eight per cent from last April.  Within the City of Barrie sales activity was down seven per cent from a year earlier.  The City of Barrie saw 286 residential sales in April.

The year-to-date average price for all homes sold via the Association’s MLS® System in April 2014 was $335,222, up 8 per cent from April 2013. The year-to-date average price figure for homes sold within the City of Barrie was $316,813. This was an eight per cent increase compared to the average selling price in April 2013.

Overall supply remains below levels seen in most of the past decade.  Active residential listings on the Association’s MLS® System numbered 1,396 units at the end of April 2014, down 14 per cent from year-ago levels and the lowest April in more than a decade.

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