Barrie & the surrounding areas had a pretty amazing start to summer with incredibly low inventory driving record high prices. Are you curious how the summer ended up? The housing market statistics are out for August 2016, compiled by the Barrie & District Association of REALTORS®. Take a peek!
“Housing activity in the Barrie region remains on track to set a new annual record in 2016, provided new listings manage to keep up with demand through to the end of the year. It’s important for buyers and sellers to ask their professional REALTOR® how to best do business in this changing market.” ‐ Mike Douglas, President, 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 August 2016 of $454,920, an increase of 18% over August 2015. Residential townhouse, link, and semi‐detached homes in the City of Barrie posted an average selling price of $337,889 in August 2016, a 22% increase over August 2015. Condominium sales average for the City of Barrie for the month of August 2016 was $308,141, a 16% increase compared to August 2015.
Essa Township In Essa Township, detached residential properties posted an average selling price of $534,486 in August 2016, an increase of 18% over August 2015.
Town of Innisfil Detached residential properties in the Town of Innisfil posted an average selling price of $519,227 in August 2016, an increase of 31% over the month of August 2015.
Oro‐Medonte Township The average selling price for detached residential properties in Oro‐Medonte in August 2016 was $592,570, an increase of 41% over August 2015.
Springwater Township Detached residential homes in Springwater Township posted an average selling price in August 2016 of $594,604 an increase of 34% over August 2015.
If you are wondering how these housing market statistics affect you, connect with us today!