Barrie Condo Commentary - November 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - November 2022

Tags: Barrie Condos, Condos in Barrie, Barrie Real Estate, Average Sale Prices, October Statistics, Average Days on Market, Condo Inventory, Listing Strategy

Demand for condominiums has decreased in Barrie since Thanksgiving causing properties to take much longer to sell. It is expected for the real estate market to slow further as Barrie moves into the colder months and interest rates continue to rise. In October there were a total of 16 condo apartments that sold in Barrie with an average sale price of $543,219. Since the market peaked in April, pri...Read More

Barrie Condo Commentary - October 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - October 2022

Tags: barrie condos, condos in barrie, barrie real estate, average sale prices, quarterly review, september statistics, sellers market, market slowdown, average days on market

The 2022 real estate market in Barrie has been quite a mixed bag. The year started off with one of the strongest seller’s markets in history for Barrie, which then slowed rapidly at the beginning of the second quarter and continued to slow throughout the summer months. This slowdown caused prices to go back down to where they were in the fall of 2021.   The first quarter of 2022 was the...Read More

Barrie Condo Commentary - September 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - September 2022

Tags: Barrie Condos, Barrie Real Estate, condominiums in barrie, average sale prices, August Statistics, market report, shifting market, market information

  The summer is traditionally one of the slower times of year for real estate. Many buyers and sellers travel and take time to be outdoors during the warmer months causing property sales to decline or level off. During the pandemic the market was a lot less predictable as the market conditions were influenced by the lockdowns and reopening of the economy but this summer the Barrie condominiu...Read More

Barrie Condo Commentary - August 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - August 2022

Tags: condo news, condo updates, barrie condos, condos in barrie, condo statistics, market report, barrie real estate, average sale prices, inventory rising, august 2022

  The Barrie condo market is continuing to slow as we move through the summer months. Condo sellers have been forced to change their expectations as the market shifts into a more balanced state; something that has been foreign to the Barrie real estate market for a couple of years.   As inventory rises and demand levels off, sellers and industry professionals have had to put more time a...Read More

Barrie Condo Commentary - July 2022

By: By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - July 2022

Tags: Barrie Condos, Slowing Market, Shifting Market, Market Report, Market Statistics, Condo Prices, Barrie Real Estate, Condo Inventory, June 2022,

Condo buyers in Barrie are back in a negotiation position with sellers. Over the past 2 months, buyers and sellers have been forced to switch gears as we navigate through the shifting market. During the first quarter of the year, Barrie’s real estate market was the most heated seller’s market in history. Inventory was at an all time low and demand was extremely high, which caused prop...Read More

Barrie Condo Commentary - June 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - June 2022

Tags: Barrie Condos, Condo Prices, Market Slowdown,Shifting Market. Market Report, Market Statistics, increasing inventory, Barrie Real Estate, May 2022,

  The Barrie Condo Market came to, what felt like, a complete halt in May. There were a number of external factors that influenced the market and caused it to slow and it is still unknown if the slowdown will be short lived or not.   After a record-breaking seller’s market in January and February of this year, the Barrie real estate market saw its first signs of a cooling market i...Read More

Barrie Condo Commentary - May 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - May 2022

Tags: Barrie Condos, Barrie Real Estate, Market Report, Condo Inventory, Slowing Market, Average Sale Prices, Freehold Residential Housing Market, Condo Expert

The Barrie condo market continued to hold relatively strong throughout the month of April, even though we started to see the first signs of the real estate market slowing down in mid-March.   In April, there were a total of 28 condo apartments sold in Barrie with an average sale price of $639,344. Although the average sales price was down a bit from the previous month, units were still sellin...Read More

Barrie Condo Commentary – April 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary – April 2022

Tags: barrie condos, barrie real estate, average sale prices, listing strategy, multiple offers, market slowing, condo apartments, condo townhouses, market report, market trends

The Barrie condo market has been slowing down since mid-March. Many sellers that planned on holding off offers in anticipation to get over the asking price on offer day, have not been receiving any offers. Buyers are tired, interest rates are rising and prices are becoming out of reach for many.   Setting an offer date is risky in a slowing market. The most serious buyers book an appointment ...Read More

Barrie Condo Commentary - March 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - March 2022

Tags: barrie condos, condos in barrie, average sale prices, sub-markets, multiple offers, listing strategy, sellers market, slowing market

  Demand for condominiums in Barrie remains high, despite recent signs of a slowing market. Because the condo market is starting to change, coming up with the correct listing strategy is absolutely crucial.       In February there were a total of 38 condo apartments that sold in Barrie, which was double the number of units that sold than in January. The average sale price...Read More

Barrie Condo Commentary - February 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - February 2022

Tags: barrie condos, condos in barrie, condo townnhouses, condo apartments, condos for sale, average days on market, average sale prices, market report, sellers market

  January was one of the tightest months that Barrie’s condo market has ever seen. Demand has been incredibly high for the Barrie and surrounding area, and the market has become extremely competitive among buyers.   Most sellers have chosen to hold off offers and review them on a specific date to maximize their return, but many buyers have been ignoring the seller’s request ...Read More