February 2022 Market Update
KEY TAKEAWAYS:
- 657 residential units were sold in Simcoe County last month— a 21.4% decrease from February 2021.
- Average price of residential units sold in Simcoe County was $1,006,432, which was 34.9% higher than February 2021
- 259 units were sold during February 2022 within the City of Barrie—24.5% less than the number of units sold in February 2021
- Average price of residential Barrie units sold during February 2022 was $963,554—36.0% more than the average sale price during February 2021
- The price range with the stronger sales was the $629,000 and Above range, where they increased 89.5 percent
- Market-wide, inventory levels were down 20.9 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.6 percent
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