Fall resale home prices still heading up!

 

Barrie, ON, September 8, 2015–

 

"Real estate market still sizzling hot this summer, as August resale prices increase over 2014." says President of the Barrie & District Association of REALTORS® Inc. "Supply and demand keep upward trend in resale home prices heading into the fall market."

 

City of Barrie

Within the City of Barrie, detached residential properties posted an average selling price for August 2015 of $384,060, an increase of 12% over the same period last year. The year-to-date average selling price of a detached home in the City of Barrie was $378,549, a 9% increase over the same period last year.

Residential Townhouse, Link and Semi-Detached homes in the City of Barrie posted an average selling price of $276,433 in August 2015, a 4% increase over the same period last year. The year-to-date average selling price in the City of Barrie was $269,727, a 6% increase over the same period last year.

Condominium sales activity for the City of Barrie was $266,379 for August 2015, which was an increase of 10% over the same period last year. The year-to-date average selling price was $226,377, a -5% decrease over the same period last year.

Essa Township

In Essa Township, detached residential properties posted an average selling price of $452,425 in August 2015, an increase of 63% over the same period last year. The year-to-date average selling price of a detached home in Essa was $392,772, a 13% increase over the same period last year.

Town of Innisfil

Detached residential properties in the Town of Innisfil posted an average selling price of $396,355 in August 2015, an increase of 10% over the same period last year. The year-to-date average selling price was $392,115, an increase of 3% for the same time period last year.

Oro-Medonte Township

The average selling price for detached residential properties in Oro-Medonte in August 2015 was $417,485, an increase of 12% over the same time period last year. The year-to-date average selling price was $479,318, a 15% increase over the same time period last year.

Springwater Township

Detached residential homes in Springwater Township posted an average selling price in August 2015 of $441,995, a -6% decrease over the same period last year. Year-to-date average selling price to the end of August 2015 was $504,120, an increase of 16% over the same time period last year.

For more details about your home or neighborhood, contact your Local Professional REALTOR®.

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 Barrie & 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.

Data provided from the MLS® Database System of the Barrie & District Association of REALTORS® Inc.

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