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

Barrie Condo Commentary - September 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - September 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

  The Barrie condo market has experienced a more traditional real estate market with more distinct peaks and valleys this year than in 2020.   After what was Barrie’s most competitive spring market in history, the Barrie condo market slowed quite a bit after Ontario moved into stage 3 of the reopening of the economy in mid-July. Many restrictions were lifted causing demand for con...Read More

Barrie Condo Commentary - August 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - August 2021

Tags: Barrie Condos, Barrie Real Estate, Market Report, Market Statistics, Average Sale Prices, Condo Townhouses, Condo Apartments, Year-Over-Year Sales, Pandemic

After a buzzing spring market for Barrie condos, the expected summer slow down hit. When the government announced that Ontario was going to move into step 2 of reopening the economy; 2 days ahead of schedule, many buyers and sellers put a pause on their real estate needs and shifted their focus on getting a taste of ‘normal’. Cottaging, boating, camping, shopping, dining out and variou...Read More

Half Year Review - 2020 vs. 2021

By: Ashley Lamb - Barrie Condominium Expert

Half Year Review - 2020 vs. 2021

Tags: barrie condos, barrie real estate, market report, condominium statistics, pandemic, stage 3, 2020 vs. 2021, Quarters 1 and 2, market updates, average sale prices, average days on market, units sold

  During the first 6 months of 2020 there were 199 condominium units sold in Barrie. The overall average sale price was $383,778, the average days on market was just over a month and a half and units were selling for 98.5% of their original list price.  At the beginning March of 2020, the condominium market had just started to take off. Buyers and sellers were preparing for a wild sprin...Read More

Barrie Condo Commentary - July 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - July 2021

Tags: barrie condominums, June condo sales, average sale price, average days on market, condo apartments, condo townhouses, condo listing strategy, barrie real estate, condo market report, condominium statistics

After an incredible six months of record high sales in Barrie, we have started to see the first signs of the condo market slowing. The average days on market to sell a condo apartment in Barrie has begun to increase and most units are no longer selling for over their list price. When submitting an offer, many buyers are back in a negotiating position with sellers which is a nice break from the ong...Read More

Barrie Condo Commentary - June 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - June 2021

Tags: condos in barrie, barrie condos, condominium prices, condo apartments, condo townhouses, the gallery condominiums, the manhattan condominiums, Timberwalk condo community, market report, market statistics, barrie real estate

  There is no doubt that the Barrie condominium market has flourished this year. Not only have premium locations like Barrie’s downtown and waterfront locations recorded new highs in terms of sale prices but so have other locations in and around Barrie.   There have been many condo units with unobstructed water views of Kempenfelt Bay selling for over a million dollars in recent m...Read More

Barrie Condo Commentary - May 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Commentary - May 2021

Tags: barrie condos, condos in barrie, average sale prices, april 2021 statistics, market report, condo townhouses, condo apartements, barrie real estate

Barrie is considered to be one of the fastest growing cities in Ontario. Over the past year, Barrie has seen such a large increase in real estate prices but is still much more affordable than other cities similar in its size in the province. Demand from both local Simcoe County buyers and people moving north from the Greater Toronto Area, has been driving the Barrie condo market and continues to t...Read More

Barrie Condo Market Report - April 2021

By: Ashley Lamb - Barrie Condominium Expert

Barrie Condo Market Report - April 2021

Tags: condos in barrie, barrie condo market, first quarter summary, Q1 2021, average sale prices, condo apartments, condo townhouses, march 2021 statistics, barrie market report, bidding wars in barrie, barrie real estate, freehold housing market

The first quarter (Q1) of 2021 started off relatively slow for the Barrie condo market, but after buyers in the housing market got fed up with the aggressive bidding wars and skyrocketing prices, many turned to condo ownership as it was less competitive and more affordable.   From mid-February to mid-March, condominium supply in Barrie was the lowest it had been since 2017, giving sellers the...Read More