Several scenarios played out year-over-year in the Barrie real estate market for the month of February.
The Barrie and District Association of Realtors (BDAR) said sales information for last month showed an overall year-over-year decrease in the number of units sold, a decrease in new listings, and a large increase in average sale price.
In Barrie, 259 residential units were sold in February, which was 24.5 per cent less than the number of units sold in February 2021.
The average price of residential Barrie units sold last month was $963,554 – 36 per cent greater than the average price of units sold a year ago in February.
“Although sales have not surpassed the unprecedented record of February 2021, sales were still trending higher than any other February in history,” BDAR said in a news release. “Active listings remain low with just over 500 units for the whole region. The demand for the Simcoe County region remains strong, overall inventories remain low and with that, prices continue to rise.”
In Simcoe County, 657 units were sold in February, a 21.4 per cent dip from the same time last year. The average price of residential units sold was just over the $1 million mark, nearly 35 per cent higher than that of February 2021.