The Barrie & District Association of Realtors has put out their market statistics for March 2016 and prices continue to climb. As realtors ‘on the ground’ we have seen low inventory, multiple offers and incredibly short list to sale times, which are amazing for sellers. Those great selling benefits have posed challenges for buyers who are often competing on their dream home. If you buying in this market, be sure you have an agent that is on your side to help tackle those tricky situations!
Here are the numbers:
BARRIE & AREA MARKET STATISTICS
“SELLERS HAVE NEVER BEEN HAPPIER” 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 March 2016 of $424,655, an increase of 16% over March 2015.
Residential Townhouse, Link and Semi-Detached homes in the City of Barrie posted an average selling price of $323,945 in March 2016, a 25% increase over March 2015.
Condominium sales average for the City of Barrie for the month of March 2016 was $246,735, a 20% increase over March 2015.
In Essa Township, detached residential properties posted an average selling price of $432,702 in March 2016, an increase of 15% compared to March 2015.
Town of Innisfil
Detached residential properties in the Town of Innisfil posted an average selling price of $464,130 in March 2016, an increase of 20% over the month of March 2015.
The average selling price for detached residential properties in Oro-Medonte in March 2016 was $450,033, an increase of 5% over March 2015.
Detached residential homes in Springwater Township posted an average selling price in March 2016 of $566,390, a 2% increase over March 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.