Simcoe County Real Estate Market Report – January 2025

The Simcoe County real estate market saw a strong start to the year, with increased sales activity and higher home prices compared to both last month and January 2024. Buyer confidence appears to be returning as market conditions shift, while sellers are taking advantage of rising prices and increased demand. Let’s take a closer look at the key stats from January 2025.

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Market Overview

• Sales: 480 sales were recorded in Simcoe County in January, a 27.66% increase from January 2024 and up 24.68% from December 2024.
• Average Price: The average home price reached $841,757, marking a 6.62% increase year-over-year and a 2.60% rise from last month.
• New Listings: 1,419 new listings entered the market, up 29.71% year-over-year and 125.24% month-over-month as sellers responded to market conditions.
• Active Listings: 2,536 homes were actively listed at the end of January, 78.22% higher than January 2024 but down 2.54% from December.
• Months of Inventory: 5.28 months of inventory, up 39.60% from last year, but down 21.83% from December, indicating a more competitive market.

These numbers suggest a shift in market momentum, with higher inventory levels than last year but strong buyer demand absorbing new listings at an increasing pace.

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Market Performance by Home Type

• Detached Homes: 335 detached home sales at an average price of $941,025. Sales increased month-over-month and year-over-year, with strong demand despite rising prices.
• Semi-Detached: 22 sales with an average price of $658,158, with properties selling quickly at 98% of asking price.
• Condo Townhouses: 18 sales at an average price of $679,328, slightly outperforming condo apartments in terms of sale price.
• Condo Apartments: 52 sales at an average price of $507,604, taking an average of 65 days on the market.
• Townhouses (Att/Row): 50 sales with an average price of $671,846, reflecting strong affordability in this segment.

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City Breakdown: Barrie, Innisfil & Bradford

Barrie

• Sales: 165 homes sold (+17.02% YoY, +50.00% MoM)
• Average Price: $760,575 (+4.20% YoY, +6.45% MoM)
• New Listings: 398 (+23.99% YoY, +116.30% MoM)
• Active Listings: 560 (+62.32% YoY, -1.58% MoM)

Barrie continues to show strong demand, with a 50% increase in sales compared to December. The average price surpassed $760K, a notable jump from both last year and last month.

Innisfil

• Sales: 38 (-17.39% MoM, +31.03% YoY)
• Average Price: $908,355 (+0.98% YoY, +11.71% MoM)
• New Listings: 176 (+47.90% YoY, +162.69% MoM)
• Active Listings: 293 (+86.62% YoY, +6.93% MoM)

Innisfil saw an influx of new listings but fewer sales compared to December. Prices rose over 11% month-over-month, signaling sustained buyer interest despite the dip in transactions.

Bradford

• Sales: 23 (-23.33% YoY, -20.69% MoM)
• Average Price: $1,381,425 (+35.31% YoY, +24.18% MoM)
• New Listings: 77 (+63.83% YoY, +156.67% MoM)
• Active Listings: 96 (+65.52% YoY, +12.94% MoM)

Bradford’s average home price surged 35.31% year-over-year and 24.18% month-over-month, making it one of the strongest performing markets in terms of price growth. However, sales volume declined, likely due to affordability constraints at higher price points.

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What This Means for Buyers & Sellers

For Buyers: The market remains competitive, with prices rising across most segments. However, higher inventory levels provide more options, and months of inventory suggest a shift toward a more balanced market compared to last year. Buyers should be prepared for multiple-offer situations in some areas but may have room to negotiate in others.

For Sellers: The increase in new listings is a sign that more homeowners are looking to capitalize on price gains. While homes are selling at around 97% of the listing price, properties in some segments are taking longer to sell, especially condos and high-end homes. Pricing competitively and staging effectively remain key to a successful sale.

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Final Thoughts

The Simcoe County real estate market kicked off 2025 with strong sales growth and rising prices, fueled by buyer demand and an increase in new listings. While inventory levels remain higher than last year, months of inventory are tightening, indicating that buyers are absorbing available homes faster than in previous months.

For those considering buying or selling in the coming months, working with an experienced real estate team can help navigate these shifting conditions. If you’re curious about what these trends mean for your home’s value or your next purchase, reach out to The Parker Coulter Team today!

Contact us at parkercoulter.com for expert guidance in Simcoe County’s evolving market.