Barrie homes about ten percent more expensive this year than last

BDAR breaks down costs and trends

You should have moved to Barrie a year ago.

Some fresh numbers out of the Barrie and District Association of Realtors (BDAR) indicates buying a house in Barrie last month cost you the same as the month before, but nearly 10 per cent more expensive than if you had bought a house in January of 2019. The average price of a residential home in Barrie was $503,000 last month.

County-wide, excluding Barrie, the average price of a home last month was $536,000, which is both 5 per cent less than the month before, and six per cent more expensive than a year ago.

Here’s a month-over-month breakdown, courtesy the BDAR:

City of Barrie

129 units were sold last month within the City of Barrie, which was 3.2% more than the number of units sold the month prior. A year ago, the number of units sold between January and December increased by 1.0%.

The average price of units sold within Barrie during January was $503,881. This was 0.3% less than the average price during December 2019. By comparison, the average price of units sold between January 2019 and December 2018 decreased by 0.6%.

Simcoe County excluding Barrie

In Simcoe County, excluding Barrie, last month, 134 units were sold. This was 16.5% more than the number of units sold during December 2019. In the same time a year ago, there was a 36.6% increase in the number of units sold outside of Barrie. The average price of units sold in the areas outside of Barrie last month was $536,657. This was 4.9% less than the month before. Between January 2019 and December 2018, the average price of units sold outside of Barrie increased by 2.0% during this same timeframe.