Simcoe County Condominiums: 2020/2019 Comparison

By: Ashley Lamb - Barrie Condominium Expert

Simcoe County Condominiums: 2020/2019 Comparison

Tags: barrie condos, simcoe county condos, average sale price, average days on market, increased demand, year-over-year comparison, 2020/2019 real estate, market statistics

What is happening in the real estate market in Simcoe County?

Prices have jumped tremendously due to the increase of demand in this region.  With more people working from home, many have decided to move out of the Greater Toronto Area and venture north. Not only are properties larger and more affordable but there are endless outdoor activities that residents embrace all year round; like swimming, boating, hiking, skiing and snowmobiling to name some, making the Simcoe County attractive.

Despite being in a world pandemic, Simcoe County saw real estate growth in 2020. 

Barrie Condominium Statistics:
In 2019 there were a total of 422 condominiums that sold, with an average sale price of $364,826. These units took an average of 63 days to sell.
In 2020 there were a total of 459 condominiums that sold, with an average sale price of $403,226. These units took an average of 41 days to sell.

Not only were there more units sold in 2020 compared to 2019 but it took less time for units to sell. The increased demand caused the average sale price to increase 10.5% in Barrie, Ontario.

Simcoe County Condominium Statistics, not including Barrie:
In 2019 there were a total of 462 condominiums that sold, with an average sale price of $426,966. These units took an average of 51 days to sell.
In 2020 there were a total of 566 condominiums that sold, with an average sale price of $464,738. These units took an average of 43 days to sell.

Not only were there more units sold in 2020 compared to 2019 but it took less time for units to sell. The increased demand caused the average sale price to increase 9% in Simcoe County; not including Barrie.

Would like to read more about:
Dealing with COVID-19 when Viewing Condominiums CLICK HERE

Barrie Condo Market Report - December 2020 CLICK HERE

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If you own a condo and are curious of its value, please reach out so we can discuss the best selling strategy for achieving your goals.

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