By: Nicole Stirk

February 2020 Market Update

Welcome home bench

Key Takeaways:

  • 466 residential units were sold in Simcoe County last month—68.2% more than the same time last year
  • Average price of residential units sold in Simcoe County was $535,490, which was 5.5% greater than that of February 2019
  • 230 units were sold during February 2020 within the City of Barrie—115.0% more than the number of units sold during February 2019
  • Average price of residential Barrie units sold during February 2020 was $518,198—8.9% greater than the average price of units sold during February 2019
  • 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 38.4 percent
  • The bedroom count with the strongest sales was 1 bedroom or fewer—an increase of 34.9%
  • Property type with the strongest sales was Single Family—an increase of 23.3%
  • Market-wide, inventory levels were down 26.3 percent

February 2020 Market Update

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