October ended with a lot of treats in Barrie’s real estate market.
Home sales were up 7 per cent over a year ago, the Barrie and District Association of Realtors reports.
“Resale housing demand in the region has been very strong since the spring and that continued in October with sales actually setting a new record for the month,” realtors’ association president Wendy Elzner said.
“Some 4,174 homes have traded hands in the region so far this year. That’s the second-best January-to-October sales figure on record after 2007.”
The average price is also up 7 per cent from the same period in 2012.
Within the region, the average price sold via MLS last month was $319,863, which is slightly higher than the average price in Barrie, at $301,209. Those numbers are almost equal, dollar for dollar, with September values. In September, 226 homes changed hands.
In October, 244 homes were sold and their combined value reached $124.5 million, up 10 per cent from a year ago.
New listings, however, are down 9 per cent from October 2012. The addition of just 538 units on the market marks a decade low for this time of year, as a total of 1,317 homes were on the market at month’s end.
The non-residential market performed even better, as it boosted the region’s real-estate sales value to $135.8 million, up 19 per cent on a year-over-year basis.