Market Correction for Barrie Real Estate?

By: Ashley Lamb

Market Correction for Barrie Real Estate?

Tags: Barrie real estate, housing market, condo market, supply and demand, market correction or bubble

  Halfway through the year and Barrie’s real estate market is still on track to set a new annual record in 2016, said Mike Douglas, President of the Barrie and District Association of REALTORS. This year is the first time in history where we have seen this kind of growth in such a short period of time in Barrie. Buying property is more than just putting in an offer and negotiating wit...Read More

Barrie Condo Market Report - June 2016

By: Ashley Lamb

Barrie Condo Market Report - June 2016

Tags: Barrie Condo Sales, Average Sale Price, Condo Apartments and Condo Townhouses/Townhomes in Barrie, Condos in Barrie, Growth in Barrie's Condo Market

Barrie’s condo market continues to grow! The average sale price for a condo apartment in Barrie in the month of May was $250,579; a 14% increase from May of 2015. The numbers for condo townhouses were even more shocking; averaging $264,993 last month which was up from $191,009 a year ago. This was a 39% increase in average sale price for condo townhouses!!   Why such a large increase in...Read More

Barrie Condo Market Report - May 2016

By: Ashley Lamb

Barrie Condo Market Report - May 2016

Tags: Barrie Condo Sales, Condos in Barrie, Buyer's Market vs. Seller's Market, Balanced Market, Condo Prices, Average Days on Market, Ashley Lamb

    Barrie’s condo market continues to hold strong! The average sale price for a condo in Barrie for the month of April was $238,943; a $30,000 jump in a short four months.  Units priced at market value are selling for 98.81% of their list price and some units are even receiving multiple offers.   There has not been much of a change in average price from the beginning o...Read More

Barrie Condo Market Report - April 2016

By: Ashley Lamb

Barrie Condo Market Report - April 2016

Tags: Barrie Condos, Condos in Barrie, Barrie Condo Market Updates, Average Condo Price, Average Days on Market, Condo Advice, Condo Supply and Demand, Market Report

Barrie had a very strong first quarter of the year, in both the residential housing and condo markets. The average sale price for a condo in Barrie for the month of March was $246,735, a slight increase from February but a whopping 20% hike from this time last year!!   In March there were 41 condo apartments sold and 12 condo townhouses sold with average days on market being 41, 10 more days ...Read More

Barrie's Housing Market Makes History: What Does This Mean For The Condo Market?

By: Ashley Lamb

Barrie's Housing Market Makes History: What Does This Mean For The Condo Market?

Tags: Barrie Housing Market, Homes in Barrie, residential House Prices, Sellers Market, Barries Condo Market, Condo Prices in Barrie, average pricing

  It was announced this month that Barrie’s housing market made history; where the average price for a residential house surpassed $400,000!!   “Home sales continue to trend near record levels, limited only by a lack of inventory,” said Mike Douglas, President of the Barrie and District Association of REALTORS®. “With supply struggling to keep pace with deman...Read More

Barrie Condo Market Report - March 2016

By: Ashley Lamb

Barrie Condo Market Report - March 2016

Tags: Condos in Barrie, Barrie Condo Market Updates, Barrie Condos, Average Price, Average Days On Market, Condo Supply and Demand, Barrie Condo Report March 2016, Condo Advice

  Barrie Condo Report – March 2016   In the month of February there were a total of 29 condos sold in Barrie; 18 condo apartments and 11 condo townhouses. The average sale price was $245,945 – a 12.9% increase in average price from last month and a year ago. So what has caused this upward pressure on prices in the condo market? The number of condos available at a given time ...Read More

Five Points Condo - Proposed Plan

By: Ashley Lamb

Five Points Condo - Proposed Plan

Tags: five points, barrie condos, condo projects, new condo development, bayfield street

Five Points Condo Project in Barrie Ontario. Here's Advance Tech Development proposal for Barrie's Five Points: *20-storey, mixed use building *16 storeys of residential, 203 units (9 affordable housing) *3 storeys of parking, 196 spaces *1 storey of commercial (5,571 sq. ft.) *outdoor patio *public square at Five Points intersection I'll post more updates as they come. Plea...Read More

The 65 Cent Dollar

By: Ashley Lamb

The 65 Cent Dollar

Tags: Condos in Barrie, Barrie Condo Market, Condo Prices, Investing in Real Estate, Investors

How will the Canadian Dollar affect the Real Estate Market?   A 65 cent dollar is great when it comes to real estate, especially for foreign investors. The low dollar makes buying real estate today in Canada cheaper than three years ago. Investors took a break from the Canadian market because the deals were much better south of the border but now with the 65 cent dollar, they are returning to...Read More

Barrie Condo Market Report - February 2016

By: Ashley Lamb

Barrie Condo Market Report - February 2016

Tags: Condos in Barrie, Condo Prices, Condo Inventory, Barrie Condo Market Report, Barrie condo stats and sales

In the month of January there were a total of 16 condos sold in Barrie; 14 condo apartments and 2 condo townhouses. The average sale price was $214,050 – a healthy 3.26% increase in price from December. Average days on market is sitting at a short 32 days, which is down from this time last year and only a week longer than the residential housing market. That does this tell me? The demand for...Read More

By: Ashley Lamb

Barrie Condo Market Report - January 2016

Tags: Condos in Barrie, Condo Prices, Condo Market Stats, Market Trends

In the month of December, there were a total of 20 condos sold in Barrie. The average sale price was $207,288 and the median was $200,500; an estimated $20,000 drop from November. This drop is expected over December as people start focusing to the holidays and many go vacationing.   Although the market tends to slowdown in December, there was one condo that sold in a short 3 days of list. Thi...Read More