Once again The Barrie & District Association of Realtors is reporting some pretty strong numbers, particularly in the Barrie and Innisfil housing market! In fact, Barrie is tied with Toronto for the third highest year-over-year increase according to a recent survey by Leger, a market research firm.
Here are the numbers:
BARRIE & AREA HOUSING MARKET STATISTICS
Barrie, ON, May 2, 2016– “Hot Spring market sizzles on!”
“Your professional REALTOR® can help avoid getting burned. A clear understanding of your personal situation is now more important than ever. Call the experts!” Says Mike Douglas, President of the Barrie & District Association of REALTORS® Inc.
City of Barrie
Within the City of Barrie, detached residential properties posted an average selling price for the month of April 2016 of $438,006, an increase of 17% over April 2015.
Residential Townhouse, Link and Semi-Detached homes in the City of Barrie posted an average selling price of $313,784 in April 2016, a 15% increase over April 2015.
Condominium sales average for the City of Barrie for the month of April 2016 was $238,943, a 13% increase over April 2015.
In Essa Township, detached residential properties posted an average selling price of $432,088 in April 2016, an increase of 8% over April 2015.
Town of Innisfil
Detached residential properties in the Town of Innisfil posted an average selling price of $452,969 in April 2016, an increase of 16% over the month of April 2015.
The average selling price for detached residential properties in Oro-Medonte in April 2016 was $465,193, a decrease of -19% compared to April 2015.
Detached residential homes in Springwater Township posted an average selling price in April 2016 of $513,686, a decrease of -11% compared to April 2015.
The market has definitely continued to be a difficult one to navigate for buyers going it alone. Multiple offers and bidding wars continue to be the norm, particularly within the $250k to $450k range. If you have any questions about the market , home prices or what a move might cost you contact us today!