A close look at all 16 housing markets outside the GTA shows a strong seller’s market through October, including within the City of Barrie.
It appears to be a good time to sell your home in the city, but if you’re hoping to buy, you’ll pay through the teeth. According to the real estate site Zoocasa, Barrie is the fourth most costly market, with an average home price just north of $604,000. This represents a 20 percent increase over last year, according to Zoocasa, which adds Barrie is a 95 percent seller’s market, that there are more listings than sales. This compares to a 68 percent seller’s market in 2019, and indicates the competitiveness of the housing market within the city.
The Barrie and District Association of Realtors (BDAR) recently released numbers that give strength to Zoocasa’s findings; BDAR indicates there was a 25 percent decline in unit sales in Barrie last month compared to the month before.
Barrie falls behind third-place Hamilton and Waterloo at second place, with a nearly $140k difference between Barrie and first place Guelph.
Within the GTA, Oakville, Caledon, and Vaughan made the top three, with housing prices in excess of a million dollars.