Number of homes sold in Barrie went down last month compared to December, but prices went up

A home in Barrie will set you back an average $691,307

The number of houses changing hands in Barrie last month was fewer than a year ago, while the price per unit continued to rise.

According to the Barrie and District Association of Realtors, 160 units sold in the City of Barrie in January, which is ten per cent fewer than those sold in December. Despite the decline in sales, housing prices increased six per cent from December to January, to an average of $691,307. Looking back to the same time period a year ago, there was a four per cent increase in the number of units sold between December 2019 and January 2020, while the price per unit only increased 0.4 per cent between the two months.

On the County level, excluding Barrie, the County of Simcoe saw a 4.7 per cent decline in the number of homes sold last month compared to the month prior, while there was a 9.4 per cent increase in the number of homes sold between December 2019 and January 2020. The price per unit went up by 10.7 per cent month-over-month, while it actually decreased by 2.8 per cent during the same time frame a year ago.

However, looking at the County of Simcoe and City of Barrie combined, both saw an increase in housing sales of 21 per cent from January 2020 to January 2021. The average price of a home in the region grew by 44.3 per cent in that same timeframe.

Innisfil saw a 19.1 per cent decrease in the number of homes sold last month compared to the month before, similar to the decrease noted in sales a year prior.

Orillia and Essa Township both saw increased sales from December to January, in the ballpark of five per cent each.

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