The market continued to grow in May, seeing year-over-year housing market statistics rise for all areas and home types, aside from condominium properties in Barrie. Essa and Oro-Medonte posted the highest growth, with the surrounding areas trailing close behind them!
Here are the numbers:
Housing Market Statistics – May 2016
Barrie, ON, May 2, 2016– “Lightning Fast and Lightning Hot”
“To keep pace in this unprecedented market make sure, whether buying or selling that you have a professional REALTOR® on YOUR team. It Matters!” 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 May 2016 of $459,132, an increase of 20% over May 2015.
Residential Townhouse, Link and Semi-Detached homes in the City of Barrie posted an average selling price of $322,184 in May 2016, a 19% increase over May 2015.
Condominium sales average for the City of Barrie for the month of May 2016 was $253,411, a -2% decrease compared to May 2015.
In Essa Township, detached residential properties posted an average selling price of $505,585 in May 2016, an increase of 32% over May 2015.
Town of Innisfil
Detached residential properties in the Town of Innisfil posted an average selling price of $494,397 in May 2016, an increase of 21% over the month of May 2015.
The average selling price for detached residential properties in Oro-Medonte in May 2016 was $630,115, an increase of 42% over May 2015.
Detached residential homes in Springwater Township posted an average selling price in May 2016 of $593,436, an increase of 12% over May 2015.
For more details about your home or neighbourhood, contact your Local Professional REALTOR®.
The Barrie & District Association of REALTORS® cautions that over a period of time, the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas.
The Barrie & District Association of REALTORS® Inc. covers a geographical area that includes the City of Barrie and part or all of the surrounding townships, including Springwater, Oro-Medonte, Innisfil, Essa, Bradford-West Gwillimbury and Clearview.
Data provided from the MLS® Database System of the Barrie & District Association of REALTORS® Inc.