November 2019 Market Update

Key Takeaways:

• 413 residential units were sold in Simcoe County last month - 29.5% more than the same time last year
• Average price of residential units sold in Simcoe County was $512,475, which was 8.5% greater than that of November 2018
• 211 units were sold during November 2019 within the City of Barrie—26.3% more than the number of units sold during November 2018
• Average price of residential Barrie units sold during November 2019 was $484,422—7.0% greater than the average price of units sold during November 2018
• 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 $100,000 to $199,999 range, where they increased 29.8 percent
• The bedroom count with the strongest sales was 2 bedrooms—an increase of 22%
• Property type with the strongest sales was Single Family—an increase of 16.2%
• Market-wide, inventory levels were down 22.8 percent