August A Month Of Ups And Downs

There was both good news and bad news for the month of August across the Barrie And District real estate board.  While prices for the most part continued to increase, they were down slightly across some areas, as was the number of sales.  The total number of sales in August was down sightly compared to August 2014, and within the City of Barrie, sales were down by more than 4% on a year-over-year basis.  However, home sales in areas outside the City of Barrie posted an increase of 17% year-over-year.  In Essa Township, prices averaged $452,425 in August, an increase of a whopping 63% over the same month last year.  However, in Springwater Township, prices averaged $441,995 in August, a decrease of -6% from the same month last year.  Within the City of Barrie, prices for all types of homes except for condominiums posted an increase in selling price.  Condos posted an average year-to-date selling price of $226,377, which was down -5% over the same period last year.  Board President Bruce Shipley says that supply is still running at very low levels, and the combination of lower supply and strong demand is putting the average sale price on track to post its biggest overall annual gain in a decade.  And with interest rates still at historically low levels, now is a good time for buyers to get great rates!  Happy buying and selling!

 

Sharon Posius

Sharon Posius

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