July 2020 Market Update

KEY TAKEAWAYS:

• 792 residential units were sold in Simcoe County last month— a 56.8% increase from July 2019
• Average price of residential units sold in Simcoe County was $592,037, which was 16.5% higher than July 2019
• 377 units were sold during July 2020 within the City of Barrie—68.3% greater than the number of units sold in July 2019
• Average price of residential Barrie units sold during July 2020 was $571,875—20.4% greater than the average sale price during July 2019
• The price range that tended to sell the quickest was the $450,000 and Above range at 34 days
• The price range with the largest gain in sales was the $99,999 and Below range, where they increased 150.0 percent
• The bedroom count with the strongest sales was 4 bedrooms or more—an increase of 23.6%
• Property type with the strongest sales was Single Family—an increase of 20.2%
• Market-wide, inventory levels were down 54.7 percent