As of today, there are 498 active properties for sale in Barrie! With this increase in inventory and more savvy buyers, homes need to be staged, widely marketed and appropriately price to sell.

Within the City of Barrie, sales activity was down 45.9% on a year-over-year basis in February 2018. The City of Barrie saw 139 residential sales in February 2018. A year-over-year decrease of 39.8% was recorded in surrounding areas, where sales activity totaled 124 units.

It could take a few more months for the sales levels to return to traditional levels in the meantime home prices may continue to slip. The average price for all homes sold via the association’s MLS® System in February 2018 was $506,883, down 4.5% from February 2017.

The year-to-date average price figure for homes sold within the City of Barrie at this point in 2018 was $485,483. This was a decrease of 2.1% compared to the average selling price in the first two months of 2017.

Active residential listings on the association’s MLS® System numbered 938 units at the end of February 2018, rising 125.5% from extreme lows last February, and roughly in line with the average of the last decade.

Sales of all property types in the Barrie region numbered 275 units in February 2018, down 44.4% compared to February 2017.

These trends will impact each neighborhood and home differently.  If you have any questions about the value of homes in your area please don't hesitate to reach out and ask!