BDAR says Simcoe County housing market continues to show signs of cooling, while year-over-year prices continue to see strong growth

Barrie housing prices rose 26.3 per cent from July 2020 to 2021

The Barrie and District Association of Realtors (BDAR) says the Simcoe County real estate market is continuing to cool off.

July 2021 sales information indicates a year-over-year decline in the number of units sold in Barrie and throughout Simcoe County, while the price of units sold continued to show strong growth over 2020’s figures.

BDAR says 815 residential units changed hands across Simcoe County last month, a 14.2 per cent decrease over June’s figures. The average price of a home in Simcoe County last month was $772,647, a nearly 4 per cent decline from June, but still 29.9 per cent higher than prices noted in July of 2020.

In Barrie, there were 255 units sold last month, 12.1 per cent fewer than a month prior. The average price of units in the city fell 1.8 per cent from June to July, to sit at an average price of $732,430. However, this represents a 26.3 per cent growth compared to prices-per-unit in July 2020.

Month-over-month sales figures also declined in Innisfil, with 7.6 per cent fewer units changing hands compared to the month before. Orillia saw a 16.4 per cent decrease in sales compared to June, while Essa noted a 16.7 per cent increase in sales from June to July.