April 2020 Market Update
KEY TAKEAWAYS:
- 220 residential units were sold in Simcoe County last month—55.6% less than the same time last year
- Average price of residential units sold in Simcoe County was $526,999, which was 3.8% greater than that of April 2019
- 98 units were sold during April 2020 within the City of Barrie—56.4% less than the number of units sold during April 2019
- Average price of residential Barrie units sold during April 2020 was $529,577—9.1% greater than the average price of units sold during April 2019
- The price range that tended to sell the quickest was the $200,000 to $449,999 range at 34 days
- The price range with the largest gain in sales was the $450,000 and Above range, where they increased 28 percent
- The bedroom count with the strongest sales was 2 bedrooms—an increase of 23.5%
- Property type with the strongest sales was Single Family—an increase of 14.4%
- Market-wide, inventory levels were down 31.6 percent
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