October 2019 Market Update

Key Takeaways:

• 514 residential units were sold in Simcoe County last month—30.5% more than the same time last year
• Average price of residential units sold in Simcoe County was $522,527, which was 7.6% greater than that of October 2018
• 237 units were sold during October 2019 within the City of Barrie—19.1% more than the number of units sold during October 2018
• Average price of residential Barrie units sold during October 2019 was $490,854—5.5% greater than the average price of units sold during October 2018
• The price range that tended to sell the quickest was the $200,000 to $449,999 range at 36 days
• The price range with the largest gain in sales was the $450,000 and Above range, where they increased 18.3 percent
• The bedroom count with the strongest sales was 2 bedrooms—an increase of 19.8%
• Property type with the strongest sales was Single Family—an increase of 11.6%
• Market-wide, inventory levels were down 14.5 percent