As the Barrie condominium market moves through the summer months, sales remain slow. Buyers continue to be cautious while they make their decision on the next property they would like to call home.
This has caused many homeowners to struggle with the sale of their property this year. Month after month, the real estate market has continued to shift in Barrie, which has made it challenging for sellers to get ahead of the market.
In June, there was a total of 29 condominium apartments that sold in Barrie. The average sale price for this property type was $491,797, which was 23% less than June of 2024. Although units were selling relatively close to the seller’s asking price; the sale-to-list ratio was 97%, some properties had to go through a couple of price adjustments before achieving a successful sale.
If you are planning to sell this year, it is important to be strategic—start with a strong, competitive pricing plan right away. In today’s slower market, it isn't the time to experiment with higher list prices. Buyers are being more deliberate with their decisions, and properties that are priced above market value may experience extended time on the market with limited interest.
The condo townhouse market saw a slight increase in sales in June. There were 13 condo townhouses that sold in Barrie with an average sale price of $510,031; up 2% from June of 2024. Although units were selling relatively close to the asking price, the average days on market to sell grew compared to previous months. This shows that the demand for condo townhouses was not as high last month as it was earlier on in the year.
If you are a buyer looking to time the market, this summer could be the perfect time to purchase. With demand currently low and inventory high, there are many properties that have been listed for multiple months, and some of these sellers may be open to negotiating in order to facilitate a sale. However, this window of opportunity may narrow if interest rates begin to decline again.
In the first half of 2025, there was a total of 198 condos that sold in Barrie, with an average sale price of $515,005. These statistics were very similar to the first two quarters of 2024, which does not come as a surprise as the market has not changed much over the past year. Buyers continue to be cautious as there is still economic uncertainty.
The next announcement from the Bank of Canada is on Wednesday, July 30th, 2025. If the prime lending rate remains unchanged, it may indicate that the market is stabilizing and could potentially boost buyer confidence, which could then lead to a rise in property sales.
There are currently 284 condominiums for sale in Barrie; 200 condo apartments, 78 condo townhouses and 6 lifelease units. At the beginning of July 2024, there were 199 condos for sale in Barrie.
*All stats are based on listings sold with the Toronto Regional Real Estate Board
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