December 2019 Market Update

Key Takeaways:

• 240 residential units were sold in Simcoe County last month - 21.8% more than the same time last year
• Average price of residential units sold in Simcoe County was $535,689, which was 11.0% greater than that of December 2018
• 125 units were sold during December 2019 within the City of Barrie—20.2% more than the number of units sold during December 2018
• Average price of residential Barrie units sold during December 2019 was $505,614—10.0% greater than the average price of units sold during December 2018
• The price range that tended to sell the quickest was the $200,000 to $449,999 range at 35 days
• The price range with the largest gain in sales was the $450,000 and Above range, where they increased 29.6 percent
• The bedroom count with the strongest sales was 2 bedrooms—an increase of 25.4%
• Property type with the strongest sales was Single Family—an increase of 18.7%
• Market-wide, inventory levels were down 30.4 percent