Waterfront Condo Update - Summer 2020

By: Ashley Lamb - Barrie Condominium Expert

Waterfront Condo Update - Summer 2020

Tags: barrie condos, waterfront condos, condos downtown barrie, august 2020, average sale price, barrie real estate, kempenfelt bay, water views

 

Sales in the waterfront and downtown communities in Barrie have been quite strong through the summer months, which is typical for Barrie. The summer is the best time for waterfront sellers to list as they can maximize the value of their unit with the gorgeous views of Kempenfelt Bay.

In August there were a total of 16 waterfront/downtown condo units sold with an average sale price of $466,224. These units took an average of 39 days to sell and sold for 98% of their original list price.

Although we are in a pandemic, the condo market around Kempenfelt Bay has been much stronger this year than in 2019. To compare, in August last year there were only 9 condo units that sold in the waterfront and downtown communities. The average sale price was $440,778 and units were selling in an average of 75 days.

There are currently 31 condominiums listed for sale in the waterfront and downtown areas.

*All stats are based on listings sold with the Barrie & District Association of Realtors.

Would like to read more about:
Barrie Condo Market Report - August 2020. CLICK HERE
Downsizing 101 CLICK HERE

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