Real estate sales dip in Barrie area year-over-year, but prices rise

Average price of residential Barrie units sold during April 2022 topped $894,000

News release from Barrie and District Association of Realtors

The April 2022 sales information is in, and residential property sales recorded through the MLS® System for the Barrie and District Association of REALTORS® (BDAR) region showed an overall year-over-year decrease in the number of units sold and an increase in new listings and average sale price.

678 units were sold this month in Simcoe County, that’s 42.7% less than the same time last year. The average price of residential units sold was $907,891 which was 17% greater than that of April 2021. 204 residential units were sold during April 2022 within Barrie. This was 44.9% less than the number of units sold during April 2021. This decline was slightly more than that of total Simcoe County (-44.9%).

The average price of residential Barrie units sold during April 2022 was $894,160—23.1% greater than the average price of units sold during April 2021. Sales in Barrie accounted for 30.1% of residential sales in Simcoe County last month. Sales activity declined from last year’s astronomical record to the lower end of the average range for this time of year however, inventory is on the rise with over 1,000 actives listings for the whole region and an increase in months of inventory from 0.5 in April 2021 to 1.6 last month.

The April 2022 sales recorded through the MLS® System for the Barrie and District Association of REALTORS® (BDAR) region showed a month-over-month decrease in the number of units sold in Simcoe County. 678 residential units were sold in Simcoe County last month—a 18.3% decrease from March 2022. During the same time a year ago (April 2021 to March 2021), there was an 10.7% decrease in the number of units sold.

The average price of residential units sold last month in Simcoe County was $907,891—a 7.2% decrease from March 2022. The month-over-month change in average price a year ago was an increase of 2.5%. 204 units were sold last month within the City of Barrie, which was 25.0% less than the number of units sold the month prior. A year ago, the number of units sold between April and March decreased by 25.6%. The average price of units sold within Barrie during April 2022 was $894,160. This was 3.9% less than the average price during March 2022. In comparison, the average price of units sold between April 2021 and May 2021 increased 1.6%.

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