Real estate can sometimes be unpredictable during the month of May. Some years buyers have taken time away from their property searches to be with family/friends over Mother’s Day and Victoria Day long weekend which could slow the market down a bit. In many cases, this May ‘pause’ has been followed by a June rush. Other years the spring market has been so hot where buyers...Read More

The spring real estate market has arrived in Barrie and condominium sales are up! A total of 48 condo units were sold in April, which was more than half that was sold during the whole first quarter of the year. The nice weather is here to stay and hopefully the buyers are too.   Both the average and median sale prices for condo apartments had double digit increases from April which caused bot...Read More

  With temperatures in Barrie getting warmer, more buyers are out actively looking at properties. Open houses are busier and showings are starting to pick up as we move into the spring market.   The Barrie condo market was quite active in the first quarter with a total of 73 condo units sold. Although Barrie has been experiencing a fast pace market in 2019 compared to 2018 (55 units sol...Read More

Despite the cold weather, snow and wind storms last month, people were buying condos in Barrie. The average days on market for both condo apartments and condo townhouses decreased by 10 days from January and the average sale price for both types of condominiums increased. These are the two main signs of a market starting to pick up.   Sellers that are putting the time and effort into staging ...Read More

  Condo sales are up for the Barrie condo market. There was almost double the number of condo apartments sold last month than in January 2018 and five times the condo townhouses. Buyers clearly started 2019 with a plan to purchase.   The average sale price for a condo apartment in January was $363,087 with units selling for 97% of their original list price. Condo townhouses were selling...Read More

  It was a slow market in 2018 for Barrie condos. Inventory kept growing as we approached the second quarter of the year and buyer demand remained the same. This caused the condo market to shift into a buyer’s market, which was a complete 180 from 2017.   It took quite some time for sellers to adjust their mindset and accept the new market Barrie was being faced with. Listing stra...Read More

Well it has been quite the year for the Barrie condo market. Not too much excitement for sellers, and buyers seemed to take their time with making decisions. We mostly saw prices slowly drop month after month and average days on market grow. Unfortunately supply was always much greater than demand, which created a buyer’s market for the majority of the year.   Interestingly enough, the ...Read More

It is wonderful to have seen some growth in the condominium sector of the Barrie real estate market in October. It was a small 1.3% increase in the median price for condos market wide, but at least we didn’t see a decrease. Although inventory is still way over 100 units for sale and are taking a month and a half to sell; on average, properties are still selling.   This month I decided t...Read More

It has been a very slow fall for the Barrie condo market and unfortunately quieter than the summer market was, which was shocking. Historically the market picks up a bit during the beginning part of the fourth quarter; September and October, then slows back down for a few months starting in November. Because there wasn’t much of a boost in the spring, I definitely thought we would see positi...Read More

As mentioned in my previous report, the summer months for real estate sales are traditionally slower than other seasons. Many people put their search on hold as they would rather head to the cottage, go camping or simply take some time away to soak in the sun.   The last two months have been the quietest real estate markets I have experienced in my real estate career. With inventory being so ...Read More