It appears the housing market in Barrie and in Simcoe County is picking up in a big way.
The Barrie and District Association of Realtors is out with its monthly figures that show not just strong month-over-month growth in the number of units sold, but also sales growth year-over-year. Sales activity within Barrie significantly outpaced the growth noted during the same timeframe in 2020.
Within the City of Barrie, 345 units changed hands in February, which is a 117 percent increase over the number of units sold in January. A year ago, the number of units sold in the city between January and February increased by 76 per cent. The average price of a home sold in Barrie in February was $709,987, a 2.8 percent increase over the month prior.
Not counting Barrie, the County of Simcoe saw 490 units sold last month, a 58 per cent increase over January, and slightly higher than the month-over-month increase recorded in 2020. The average price of a home sold outside of Barrie last month was $769,557, barely a change from the month before.
In Innisfil, 58 residential units sold last month a 45 per cent increase over January, with an average price of $874,429 which is 10 per cent higher than the month before. Orillia’s average house price was $619,435 for the month of February which saw 69 units sold, a 72 per cent increase over January. In Essa Township, 40 units were sold, a 73 per cent bump and at an average price of $771,033 which represents a very modest increase over the month prior.
Year-over-year, there were 835 units sold throughout Barrie and Simcoe County last month, 34 percent greater than the same time last year, while the average price of a home was nearly 40 percent higher in February 2021 compared to February 2020.