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