August 2021 Market Update

KEY TAKEAWAYS:

• 740 residential units were sold in Simcoe County last month— an 8.6% decrease from July 2021. During the same time a year ago, there was an 8.0% decrease from July to August
• Average price of residential units sold in Simcoe County was $801,703, which was 3.2% higher than July 2021
• 205 units were sold during August 2021 within the City of Barrie—19.6% less than the number of units sold in July 2021. A year ago, the number of units sold between July and August decline 15.5%
• Average price of residential Barrie units sold during August 2021 was $748,686—2.6% more than the average sale price during July 2021
• The property type with the largest price gain was the Single-Family Homes segment, where prices increased 31.9 percent to $745,000
• Market-wide, inventory levels were down 48.3 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 41.9 percent