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

It has been an interesting year and a half for the Barrie real estate market where supply could not satisfy demand during the first quarter of 2017 resulting in double digit increases market wide. Now we have a surplus of inventory on the market where sellers are having to adjust their list price multiple times to attract buyers to their homes and remain competitive.    Although last mon...Read More

After a slow first 5 months of the year, the condo market in Barrie has bounced back! The average sale price for a condo apartment in June was $421,434 with units taking 39 days, on average, to sell. Average days on market for condo townhouses was 29 days with an average sale price of $338,914.   Why was the condo market slow for most of the first two quarters of 2018?   1) Traditionall...Read More

After a very slow start to 2018 the Barrie condo market finally experienced growth last month in both the condo apartment and condo townhouse sectors.   It seems like sellers are starting to accept that Barrie is no longer in a seller dominant market. Units that have been listed for over 2 months and have gone through at least one price reduction, are finally selling. Most new condo units hit...Read More

Condo inventory continues to rise in Barrie as we move into, what is historically, one of the busiest months for real estate. Over the last couple of years, Barrie condo sellers have had the upper hand in the spring market where properties were selling within 2 weeks of listing and many going for over the asking price. This year is very much the opposite. Although demand has remained relatively th...Read More

It is very surprising to report that the average price for a condominium in Barrie has increased from last month; condo apartments by 14% and condo townhouses by 10%. I find this shocking because condos available for sale went from 74 unit to 112 and average days on market doubled.   Out of the 112 condo units currently on the market, 79 are condo apartments and 33 are condo townhouses. In Ap...Read More

  I can't believe how many condos have come available in Barrie over the last 3 weeks. When I was writing my March condo Market Report at the top of the month, there were 74 condos listed and today there are a total of 116 condos for sale; wow!! This might be a new record for condos available in Barrie at a given time. The spring inventory is starting to hit the market but the problem ...Read More

Inventory for Barrie condos is way up! There are currently 74 units for sale; 61 apartments and 13 townhouses, which is what Barrie normally sees in the heat of a spring market. This time last year there were only 34 units on the market!! What does this mean? It’s unlikely we will have multiple offers on condos this March.   Both condo apartments and condo townhouses are taking an avera...Read More

    Barrie’s condo market is off to a slow start this year, which was expected. There were more buyers in December as they rushed to purchase before the new mortgage rules were implemented January 1st. Only 8 condo apartments sold last month and 1 condo townhouse. This is half of what was sold in December and almost a third of the condos sold in January 2017.   Inventory is ...Read More

    It's unbelievable what can happen in a 12 month period! We definitely saw more fluctuations in the condo apartment sector of the Barrie condo market in 2017 than we did for condo townhouses. Instead, condo townhouses experienced steady growth throughout the year. I would think the main cause was due to the wide range of prices condo apartments have compared to condo townhouses....Read More