2015 Ready To Close Out On A Record Note!

There is still a week or so to go before we close out 2015, but given the numbers to date at the end of November, the president of the Barrie & District Association of Realtors is ready to call it a record year!  Bruce Shipley predicts home sales will set a new all-time record, and strong demand has seen homes fly off the shelves so fast that supply is sitting at near record lows heading into 2016.  That has also led to a very strong price growth this year.  In the City of Barrie, detached homes have sold at an average price of $380,296 - a 9% increase over the same period last year.  Townhomes, Links and Semi-Detached homes also posted an increase, with an average selling price in the City of Barrie of $273,119, an increase of 7% over 2014.  Condos showed a slight increase, with a year-to-date average selling price of $230,816, a 2.5% increase over the same period last year.  In surrounding areas, Essa Township posted an average year-to-date increase of 10% over the same period last year, with an average selling price of a detached home at $392,664.  Innisfil posted a modest increase of 4% with the average selling price of a detached home posted at $394,934.  The biggest increase was seen in Springwater, where detached home prices increased by 22% over the same period last year, with a year-to-date average seling price of $522,731.  As interest rates remain low heading into 2016, it's expected the market will continue to be brisk.  Happy buying and selling everyone!

 

Sharon Posius

Sharon Posius

Sales Representative
CENTURY 21 B.J. Roth Realty Ltd., Brokerage*
Contact Me