February Real Estate Stats for 2015 - It's a Seller's Market!
Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 335 units in February 2015. This was an increase of 13.9 per cent from February 2014.
Within the City of Barrie, sales activity rose 17.1 per cent on a year-over-year basis. The City of Barrie saw 205 residential sales in February. A year-over-year increase of 9.2 per cent was recorded in surrounding areas, where sales activity totalled 130 units.
"The market has been quite active to start the year, with sales last month hitting their third best February level on record behind 2012 and 2002," said Bruce Shipley, President of the Barrie and District Association of REALTORS®. "With months of supply running near record lows, sellers are in the driver’s seat heading into the busy spring market, and prices are likely to continue to push higher."
The year-to-date average price for all homes sold via the Association’s MLS® System in 2015 was $343,509, up 4.8 per cent from the same period in 2014.
The year-to-date average price figure for homes sold within the City of Barrie was $319,152. This was a four 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 $379,553, an increase of 6.6 per cent from the year-to-date average selling price in 2014.