Barrie & District home sales rise in September
Residential property sales recorded through the MLS® System of the Barrie &
District Association of REALTORS® Inc. numbered 384 units in September 2013. This
was an increase of 12 per cent from last September.
Within the City of Barrie sales activity was up six per cent from a year earlier. The
City of Barrie saw 226 residential sales in September.
“Home sales in September came in above both the five and 10-year averages for the
month,” said Wendy Elzner, President of the Barrie and District Association of
REALTORS®. “Some 3,780 homes have traded hands in the region so far this year.
That’s the best year-to-date sales figure in six years, and stands tied with 2005 for
the second highest level on record for activity in the first three quarters of the year.”
The year-to-date average price for all homes sold via the Association’s MLS® System
in September 2013 was $320,233, up seven per cent from the same period in 2012.
The year-to-date average price figure for homes sold within the City of Barrie was
$301,215. This was a five per cent increase compared to the average selling price in
the same period last year.
The Barrie & District Association of REALTORS® cautions that over a period of time,
the use of average price information can be useful in establishing trends, but it does
not indicate actual prices in widely divergent areas or account for price differentials
between geographical areas.
The dollar value of all home sales in September 2013 was $128.3 million, up 29 per
cent from year-ago levels.
New residential listings rose five per cent from a year earlier to 619 units in
Overall supply remains below levels seen in most of the past decade. Active
residential listings on the Association’s MLS® System numbered 1,462 units at the
end of September 2013, down eight per cent from levels at the end of September
There were 3.8 months of inventory at the end of September 2013. This was down
from 4.6 months at the end of September 2012 and stood well below the long-run
average for this time of year. The number of months of inventory is the number of
months it would take to sell current inventories at the current rate of sales activity.
Sales of all property types in the Barrie region numbered 394 units in September,
rising 12 per cent compared to September 2012. The total value of all properties sold
in September 2013 was $129.8 million, up 25 per cent on a year-over-year basis.
The Barrie and District Association of REALTORS® Inc. covers a geographical area
that includes the City of Barrie and part or all of the surrounding townships, including
Springwater, Oro-Medonte, Innisfil, Essa, Bradford-West Gwillimbury and Clearview.
The Association provides continuing education, Multiple Listing Service® (MLS®),
statistical information, and many other services to its members.