January 2020 Market Update

KEY TAKEAWAYS:

• 263 residential units were sold in Simcoe County last month - 13.4% more than the same time last year
• Average price of residential units sold in Simcoe County was $517,228, which was 6.3% greater than that of January 2019
• 129 units were sold during December 2019 within the City of Barrie—22.9% more than the number of units sold during January 2019
• Average price of residential Barrie units sold during January 2019 was $503,881—9.1% greater than the average price of units sold during January 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 31.3 percent
• The bedroom count with the strongest sales was 2 bedrooms—an increase of 20.2%
• Property type with the strongest sales was Single Family—an increase of 18.6%
• Market-wide, inventory levels were down 26.8 percent