NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The August 2021 sales information is in, and residential property sales recorded through the Matrix™ System for the Barrie and District Association of REALTORS® (BDAR) region showed a decline in sales year-over-year and month-over-month.
However, the price of residential units sold continued to rise in both categories. This evidences that, while the demand for homes is decreasing, the supply of homes still cannot keep pace with the demand for Simcoe County properties.
Month over month (August 2021 vs July 2021)
Residential Homes
The Housing Price Index (HPI) showed a month-over-month increase of 0.7 per cent from July 2021.
Simcoe County
740 residential units were sold in Simcoe County last month—a 8.6 per cent decrease from July 2021. During the same time a year ago (July 2020 to August 2020), there was an 8.0 per cent decrease in the number of units sold.
The average price of residential units sold last month was $801,703—a 3.2 per cent increase from July 2021. This growth was less than the month-over-month change in average price a year ago (+5.8 per cent).
City of Barrie
205 units were sold last month within the City of Barrie, which was 19.6 per cent less than the number of units sold the month prior. A year ago, the number of units sold between August and July declined 15.5 per cent.
The average price of units sold within Barrie during August 2021 was $748,686. This was 2.6 per cent more than the average price during July 2021. In comparison, the average price of units sold between August 2020 and July 2020 decreased 0.4 per cent.
City of Barrie – Apartments & Condos
27 apartment and condo units were sold in Barrie last month—28.9 per cent less than the number of units sold in July 2021. The average price of apartment and condo units sold in the City of Barrie last month was $465474—6.8 per cent less than the average price in July 2021.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 535 units were sold. This was 3.6 per cent less than the number of units sold during July 2021. At the same time a year ago, there was an 4.6 per cent decrease in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $822,018 This was 2.9 per cent more than the month prior. Between August 2020 and July 2020, the average price of units sold outside of Barrie increased 8.1 per cent.
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