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 ...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

Barrie Condo Commentary - January 2022

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - January 2022

Tags: barrie condos, condos in barrie, barrie real estate, market updates, average sale prices, year-over-year, condo apartments, condo townhouses, market report, multiple offers

Last year was a very challenging year for buyers in the Barrie condominium market. There were only four months in 2021 where buyers did not see competing offers on every condo unit for sale. These four months gave some buyers hope and an opportunity to finally get their foot in the door and buy a condo to call home.   During these “slower” months, minimal sellers were holding off ...Read More

By: Ashley Lamb - Barrie Condominium Expert

5 Things to Consider Going into the 2022 Condo Market in Barrie

Tags: barrie real estate, barrie condos, housing in barrie, sellers, buyers, real estate tips, condo agent

    1. Get pre-approved and have a very good understanding for condo ownership. This is a very fast paced market and you need to be completely educated and confident before competing with other buyers. 2. If you are looking to sell, do it NOW! Inventory is extremely low and it is unknown how many properties are going to hit the market come the spring.      3. Hire a con...Read More

Barrie Condo Commentary - December 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - December 2021

Tags: Barrie Condos, Condos in Barrie, Average Sale Prices, Barrie Real Estate, Market Bubble, Market Pauses and Corrections, Condominium Inventory

The condo market in Barrie went through a 10 days slow period around Thanksgiving but ramped right back up in November. Last month there were a total of 30 condominiums that sold in Barrie; 21 condo apartments and 9 condo townhouses.   The average sale price for a condo apartment in November was $574,043. This was a 26.5% increase from November 2020. Units were selling for 102.5% of their lis...Read More

Barrie Condo Commentary - November 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - November 2021

Tags: condos in barrie, barrie condo prices, barrie real estate, condo apartments, condo townhouses, condo report, condo statistics, average sale prices, november 2021

With condominium inventory in Barrie at an all-time low, units have been selling over their asking price with minimum conditions in offers.   In October the average sale price for a condo apartment in Barrie was $528,605. This was a 14% increase from October 2020. The average days on market was 17 and units were selling for 101.4% of the original asking price.   Condo apartments are a ho...Read More

Barrie Condo Commentary - October 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - October 2021

Tags: Barrie Condos, Condos in Barrie, Barrie Real Estate, Condo Prices, Market Report, Market Statistics, Average Sale Price, Average Days on Market, Condo Townhouses, Condo Apartments, First Second Third Quarter Review, Year-Over-Year

  As predicted, the Barrie condominium market has followed a more traditional trend in 2021. This happens when the real estate market starts off slow in January, starts to pick up mid-February or beginning of March, holds strong through the spring, takes a breather during the summer and then has a second boom during the fall.   In the first quarter of the year, there were a total of 153...Read More