May 2020 Market Update
KEY TAKEAWAYS:
- 445 residential units were sold in Simcoe County last month— a 102.3% increase from April 2020
- Average price of residential units sold in Simcoe County was $552,733, which was 4.9% higher than April 2020 and 7.0% greater than that of May 2019
- 212 units were sold during May 2020 within the City of Barrie—116.3% greater than the number of units sold in April 2020 but 14.2% less than the number of units sold during May 2019
- Average price of residential Barrie units sold during May 2020 was $519,915—1.8% less than the average sale price during April 2020 but 5.8% greater than the average price of units sold during May 2019
- The price range that tended to sell the quickest was the $200,000 to $449,999 range at 34 days
- The price range with the largest gain in sales was the $99,999 and Below range, where they increased 33.3 percent
- The bedroom count with the strongest sales was 2 bedrooms—an increase of 18.4%
- Property type with the strongest sales was Single Family—an increase of 10.7%
- Market-wide, inventory levels were down 44.5 percent
Recent Blog Posts
Flat Fee MLS Listing in Ontario: How It Works (and When 1% Beats It)
A flat-fee MLS listing in Ontario works by paying a brokerage a fixed…
How 1% Listing Commissions Work in Ontario (and What You Actually Save)
A 1% listing commission in Ontario works by charging 1% of the sale price…
Is a 1% Commission Realtor Worth It in Ontario?
A 1% commission realtor is worth it for most Ontario home sellers who want…
How to Choose a Realtor in Orillia and What Selling Costs | Parker Coulter
Choosing the Right Realtor in Orillia: What Selling Costs and What to Ask…