Home Prices in Barrie Ontario for March 2015
Real estate market data for Barrie, Ontario provided by Don McAskin of Realty Executives Of Simcoe Inc.
Barrie Home Prices
There were 2.7 months of inventory at the end of March 2015, well below levels for this time of the year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. We have seen 11 straight months of listing price increases on home prices in Barrie and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Barrie but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Barrie home on which you are making an offers.
If you are interested in how much current inventory is on the market in Barrie you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. But low inventory is one indicator that prices should continue to rise.
Barrie Real Estate Report Summary
The City of Barrie saw a sales activity rise of 15.5 percent on a year-over-year basis. There were 275 residential sales in March within Barrie. A year-over-year increase of 18.1 percent was chronicled in the neighboring areas, with the sales activity totalling 176 units.
Barrie's year-to-date basis home sales equaled 1,004 units over the first quarter of 2015. Increasing it up 14.7 percent form teh same period in 2014.
The average price for homes in the City of Barrie was $323,689. Making it a 2.4 percent increase compared to the previous year-to-date average selling price in 2014. The average price for the surrounding areas of Barrie was $385,018, with an increase of 5.7 percent from the year-to-date average selling price in 2014.
Find Homes for Sale in Barrie and District
To find out what you home is worth in the current market email me or call at 705-722-6333 or direct 705-727-6777.