February 2020 Market Update

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