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