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

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