The real estate market in Barrie took a bit of a breather in April, a possible sign that things may be finally cooling off after months of continuous record-breaking sales figures.
Realtors in Barrie recorded 26 per cent fewer sales when comparing April to March 2021.
If you compare year-over-year data, the numbers seem outlandish but should be correlated to the start of the pandemic.
Using single detached homes as an example, there were a cosmical 265.7 per cent more homes sold in Barrie and cost home buyers an average of around 40 per cent more.
If you look at the year-to-date (YTD) figures released Friday by the Barrie and District Association of REALTORS (BDAR), it’s almost unbelievable what’s happened.
Propelled by pent-up demand, low-interest rates, speculation, blind-bidding, and an influx of work-from-home transplants, sales figures have nearly doubled.
There’s been a 93.6 per cent increase in total units sold year-to-date (April 2021 vs April 2020 YTD) and the average price skyrocketed by 40 per cent.
The April year-to-date average price in Barrie was $713,765, or 35.8 per cent more than the same timeframe last year.
You can read the full BDAR report below: