June 2020 Market Update

KEY TAKEAWAYS:

• 725 residential units were sold in Simcoe County last month— a 47.1% increase from June 2019
• Average price of residential units sold in Simcoe County was $569,982, which was 10.8% higher than June 2019
• 325 units were sold during June 2020 within the City of Barrie—41.9% greater than the number of units sold in June 2019
• Average price of residential Barrie units sold during June 2020 was $552,164—11.8% greater than the average sale price during June 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 100.0 percent
• The bedroom count with the strongest sales was 2 bedrooms—an increase of 23.1%
• Property type with the strongest sales was Single Family—an increase of 13.5%
• Market-wide, inventory levels were down 47.5 percent