Big growth in real estate market in first quarter of 2021; average price of a Barrie home grew 35 per cent since last year

Over double the number of homes sold in the first quarter of 2021 than in Q1 of 2020

The number of houses sold in Barrie and across Simcoe County in the first quarter of 2021 was over double that of the year before.

The Barrie and District Association of Realtors (BDAR) says from January 1 to March 31, 2021, 2,629 units changed hands in Simcoe County including Barrie. Compared to 1,656 units sold during the same timeframe in 2020, that represents a 58.8 per cent increase over the year before. In Barrie alone, there was a 64.5 per cent increase in the number of units sold so far this year compared to Q1 in 2020. “This was not only due to strong March 2021 sales numbers but also the downturn in the Canadian real estate market during March 2020, which arose due to the beginning of the COVID-19 restrictions,” reads a BDAR statement issued Thursday.

In Barrie, housing prices grew to an average $708,801 across the first quarter of 2021, which is a 35 per cent increase over housing prices noted in 2020. Excluding Barrie, the average price of a home throughout Simcoe County was $775,860 between January and March, a 46 per cent increase over last year.

The Town of Innisfil saw 194 units change hands in 2021’s first quarter, at an average price of $845, 449. Both represent increases over 2020, of 36.6 per cent and 57.3 per cent respectively. Orillia noted a 57.4 per cent increase in the number of units sold in the first quarter of 2021, up to 203 units. The average price in the city was $615,685, a 47.9 per cent bump over the year before.