Barrie Condo Market Report - March 2018

By: Ashley Lamb

Barrie Condo Market Report - March 2018

Tags: Condos in Barrie, Barrie condo prices, Market Statistics, Average Pricing for Condo apartments and condo townhouses, Selling Condominiums, High Supply and Low Demand

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 Condo Market Report - February 2018

By: Ashley Lamb

Barrie Condo Market Report - February 2018

Tags: Condos in Barrie, Barrie Condos for Sale, Average Sale Prices, Average Days On Market, Demand verses Supply for Condominiums, Real estate statistics and analysis

    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

Barrie Condo Market Report - January 2018

By: Ashley Lamb

Barrie Condo Market Report - January 2018

Tags: Condominiums in Barrie, Barrie Condo Market Statistics, Average Condo Prices, Condo apartements and condo townhouses, January 2017 and 2018, condos for sale in barrie ontario, by Ashley Lamb

    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

Barrie Condo Market Report - December 2017

By: Ashley Lamb

Barrie Condo Market Report - December 2017

Tags: Condominiums in Barrie, Barrie Condo Market Statistics, Average Condo Prices, Condo apartements and condo townhouses, Effects of New Mortgage Rules, New Stress Test, condos for sale in barrie ontario, by Ashley Lamb

    As predicted, the Barrie condo market has experienced a bump in prices over the past month due to the new mortgage rules that will be implemented January 1st. Buyers are rushing to lock down a home before their budget drops next month; some by nearly 20%. There were 43 condo apartments sold in Barrie in November and units were taking 2 weeks less time to sell than they were in Sep...Read More

Barrie Condo Market Report - November 2017

By: Ashley Lamb

Barrie Condo Market Report - November 2017

Tags: condominiums in barrie, Average Condo Prices, Effects of New Mortgage Rules, New Stress Test, Balanced Market, barrie Market Statistics, condos for sale in barrie ontario, by Ashley Lamb

  The Barrie condo market was quite balanced in October where units were taking 40 days, on average, to sell and the majority selling below their asking price. Buyers have been able to take their time and are happy to be back in a negotiating position when presenting an offer. I have noticed that sellers have accepted this new reality and are starting to lower their expectations and are pric...Read More

Barrie Condo Market Report - October 2017

By: Ashley Lamb

Barrie Condo Market Report - October 2017

Tags: Condominiums in Barrie, Barrie Condos For Sale, Condo Prices, Condo Apartements, Condo Townhouses, Market Report, Market Statistics, by Ashley Lamb

Over the past 9 months, Barrie’s condo market experienced double digit increases, multiple offers and units selling within days of being listed. There was no surprise that more buyers were looking to purchase a new home in Barrie as housing here is still one of the most affordable when compared with other cities similar in size in Ontario; Kingston, Kitchener-Waterloo, Guelph, etc. When the...Read More

Barrie Condo Market Report - September 2017

By: Ashley Lamb

Barrie Condo Market Report - September 2017

Tags: Condos in Barrie, Barrie Condo Market Report, Average Price for Condominiums, Average days on Market, Balanced Market, Barrie Real Estate, Condos for Sale, Market Trends and Statistics in Barrie Ontario, by Ashley Lamb - Condo Expert

The summer was quite slow for the Barrie Condo market but fortunately we did not have a drop in average prices. The real estate market for condos in Barrie is still very healthy and I think sellers are starting to accept the changing market. Although there wasn't a decrease in average price we did see average days on market increased and the sale to list price ratio decreased.   In August...Read More

8% Decrease in List Price This Week

By: Ashley Lamb

8% Decrease in List Price This Week

Tags: Condo Market in Barrie Ontario, Condos For Sale, Price Reductions, Balanced Market, pricing your condo, local condo expert

Just as I thought at the top of the month, the increase in condos for sale in Barrie has caused prices to come down. This past week we have seen an 8% decrease in list prices as units have not been selling. Sellers, you need to make sure you price properly right from the get go so that you don't need to reduce your price. The most serious buyers will come through your unit in the first week o...Read More

Barrie Condo Market Report - August 2017

By: Ashley Lamb

Barrie Condo Market Report - August 2017

Tags: Barrie Condos, Condos For Sale In Barrie, Barrie Real Estate, Average Sale Price, Average Days on Market, Condominium Apartments, Condominium Townhouses, Condo Market vs. Residential Freehold Housing Market in Barrie, By Ashley Lamb

  Barrie’s condo market hasn’t experienced the same drop in prices like the residential freehold market has over this summer. Instead they have leveled off. The average sales price for condo apartments in July was $363,848 and $279,742 for condo townhouses, only a few thousand difference from June.   Although we haven’t seen any major change in prices, condos are now t...Read More

Barrie Condo Market Report - July 2017

By: Ashley Lamb

Barrie Condo Market Report - July 2017

Tags: Barrie Condo Market, Condos for Sale in Barrie Ontario, Average and Median Sale Price, Average Days on Market, Buying and Selling, Condo Market Statistics for Barrie, Condo Market Report by Ashley Lamb

  Condo sales in Barrie were down in June causing the average price for condo apartments to drop to $360,986, with a median of $274,000. Why such a gap between the average and median? There were a few higher end properties that sold which skewed the average price. Average days on market increased to 3 weeks and many sellers that were being unreasonable with their list price had to make a tou...Read More