Barrie and District home sales set new record April
Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 580 units in April 2015. This was an increase of 23.1 per cent from April 2014, and a record for the month of April.
Within the City of Barrie, sales activity rose 11.9 per cent on a year-over-year basis. The City of Barrie saw 320 residential sales in April. A year-over-year surge of 40.5 per cent was recorded in surrounding areas, where sales activity totalled 260 units.
On a year-to-date basis home sales totalled 1,584 units over the first four months of 2015. This is up 17.7 per cent from the same period in 2014.
"April was a very strong month for the Barrie and District resale housing market, in fact it was almost the strongest ever," said Bruce Shipley, President of the Barrie and District Association of REALTORS®. "With supply still not keeping pace with demand the market is now tighter than it’s ever been, and that’s pushing prices higher."
The year-to-date average price for all homes sold via the Association’s MLS® System in 2015 was $358,187, up 6.9 per cent from the same period in 2014.
The year-to-date average price figure for homes sold within the City of Barrie was $329,087. This was a 3.9 per cent increase compared to the year-to-date average selling price in 2014.
The year-to-date average price figure for the surrounding areas was $399,828, an increase of 10.3 per cent from the year-to-date average selling price in 2014