There was summer sizzle in the Barrie real estate market

July through September saw residential sales increase 54% compared to the same period in 2019

Residential sales activity for the third quarter of this year in Barrie was on solid ground.

The Barrie and District Association of Realtors (BDAR) reported the number of sales increased 54% (1,021 units sold) July – September 2020 compared to the same period in 2019 (659 units sold). Home prices in Barrie increased to $573,023, a 16.8% spike from the third quarter last year.

BDAR said the increase was likely due to a rebound in the market as the economy reopened from the pandemic.

The number of sales in Simcoe County excluding Barrie for the third quarter jumped 55% ( 2,332 units sold) compared to the July – September timeframe last year (1,494 units sold). There was a 24.7% increase in the average price of a Simcoe County home excluding Barrie, at $634,586.

Orillia also saw significant gains in the third quarter, with a 56.9% increase in sales (251 units sold) over the same period in 2019 (160 units sold). The average price of a home sold for $478,894.