Innisfil Real Estate Statistics

Here is a quick update about Innisfil Real Estate Statistics 2016 and what is happening in the Innisfil Real Estate Market from January 2016 to June 2016. As you will see, the market is very tight. Inventory is low and if a property is priced correctly then it is getting multiple offers. There has been a tendency for sellers to reach on their pricing which has created a little bit of buyer fatigue.

Because of BEXIT we anticipate interest rates to remain low with a possible rate cut later this year. We don’t anticipate that the rate cut will be passed on to Mortgage Rates. Bottom line is that Mortgage Rates are as low as they will ever be.

I have been asked the question are we in a bubble in Innisfil. The short answer is NO we are not.  We have massive migration into our area, low housing starts, and low inventory, great mortgage rates, and great affordability relative to the Greater Toronto Area. These factors are translating into higher home prices which cannot helped. Consumer Sentiment is probably something that we should pay attention to but I will expand on this in a later post.

Also with the announcement of a new GO Station in Innisfil we should see even more interest in moving to Innisfil.

So here are the latest stats from The Barrie Real Estate Board for Innisfil Real Estate. (Disclaimer: I have not added in the statistics for Innisfil from The Toronto Real Estate Board as many agents only list on TREB. In future updates we will compile this data as well)

 

January Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for January 2016 was $400,474.
• The average sale price in Innisfil for January 2016 was $394,043.
• The sale to list ratio in Innisfil for January 2016 was 98.4%.
• The number of days on the market in Innisfil for January 2016 was 36 days.
• There were 23 residential sales on the Barrie board for Innisfil area in January 2016.

 

February Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for February 2016 was $418,713
• The average sale price in Innisfil for February 2016 was $420,235
• The sale to list ratio in Innisfil for February 2016 was 98%
• The number of days on the market in Innisfil for February 2016 was 21 days
• There were 37 residential sales on the Barrie board for Innisfil area in February 2016

 

March Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for March 2016 was $434,374
• The average sale price in Innisfil for March 2016 was $418,993
• The sale to list ratio in Innisfil for March 2016 was 96.5%
• The number of days on the market in Innisfil for March 2016 was 28 days
• There were 60 residential sales on the Barrie board for Innisfil area in March

 

April Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for April 2016 was $410,347
• The average sale price in Innisfil for April 2016 was $403,721
• The sale to list ratio in Innisfil for April 2016 was 98.4%
• The number of days on the market in Innisfil for April 2016 was 28 days
• There were 83 residential sales on the Barrie Board for Innisfil area in April 2016

May Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for May 2016 was $472,535
• The average sale price in Innisfil for May 2016 was $469,687
• The sale to list to ration in Innisfil for May 2016 was 99.4%
• The number of days on the market in Innisfil for May 2016 was 21 days
• There were 78 residential sales on the Barrie Board for the Innisfil area in May 2016

 

June Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for June 2016 was $448,253
• The average sale price in Innisfil for June 2016 was $445,082
• The sale to list ratio in Innisfil for June 2016 was 99.3%
• The number of days on the market in Innisfil for June 2016 was 24 days
• There were 98 residential sales on the Innisfil Board for the Barrie area in June 2016

July Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for July 2016 was $468,426
• The average sale price in Innisfil for July 2016 was $471,715
• The sale to list ratio in Innisfil for July 2016 was 100.7%
• The number of days on the market in Innisfil for July 2016 was 17 days
• There were 65 residential sales on the Barrie Board for the Innisfil area in July 2016

August Innisfil Real Estate Statistics 2016

• The average list price in Innisfil for August 2016 was $454,820
• The average sale price in Innisfil for August 2016 was $446,723
• The sale to list ratio in Innisfil for August 2016 was 98.2%
• The number of days on the market in Innisfil for August 2016 was 20 days
• There were 44 residential sales on the Barrie Board for the Innisfil area in August 2016

In summary we believe that keeping track of Innisfil Real Estate Statistics is a very important strategy to focus on. This data will help us give the right advice to all of our seller clients and buyer clients.

If you are thinking of selling we would love the opportunity to chat with you!

Please contact us via this link.