Simcoe County Market Statistics August 2021 | The Fournier Experience Real Estate Team

The kids are back to school, your favourite coffee joint is offering pumpkin ‘everything’ and sweater weather is around the corner – life is good! August is always a month where people are sneaking in their last vacation and getting ready for school, so we typically see a less than bustling housing market and this August was no different. Volume was down but average pricing has continued to climb. We expect the usual upswing of inventory and sales to happen over September and October, but only time will tell.

 

Check out the infographic or scroll  below for the full August update.

 

Simcoe County Market Statistics August 2021 | The Fournier Experience Real Estate Team

 

Month-Over-Month (August 2021 vs July 2021) Residential Homes

Simcoe County

740 residential units were sold in Simcoe County last month—a 8.6% decrease from July 2021. During the same time a year ago (July 2020 to August 2020), there was an 8.0% decrease in the number of units sold.

The average price of residential units sold last month was $801,703—a 3.2% increase from July 2021. This growth was less than the month-over-month change in average price a year ago (+5.8%).

City of Barrie

205 units were sold last month within the City of Barrie, which was 19.6% less than the number of units sold the month prior. A year ago, the number of units sold between August and July declined 15.5%.

The average price of units sold within Barrie during August 2021 was $748,686. This was 2.6% more than the average price during July 2021. In comparison, the average price of units sold between August 2020 and July 2020 decreased 0.4%.

City of Barrie – Apartments & Condos

27 apartment and condo units were sold in Barrie last month—28.9% less than the number of units sold in July 2021. The average price of apartment and condo units sold in the City of Barrie last month was $465474—6.8% less than the average price in July 2021.

Simcoe County Excluding Barrie

In Simcoe County Excluding Barrie last month, 535 units were sold. This was 3.6% less than the number of units sold during July 2021. At the same time a year ago, there was an 4.6% decrease in the number of units sold outside of Barrie.

The average price of units sold in the areas outside of Barrie last month was $822,018 This was 2.9% more than the month prior. Between August 2020 and July 2020, the average price of units sold outside of Barrie increased 8.1%.

Innisfil

53 residential units were sold in Innisfil last month—a 13.1% decrease from July 2021. During the same period a year ago (July 2020 to August 2020), there was a 1.1% decrease in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $931,026—a 14.5% increase from July 2021. This was greater than the growth from last year when the average price grew 10.8% from July to August.

Orillia

62 residential units were sold in Orillia last month — a 14.8% increase from July 2021. During the same period a year ago (July 2020 to August 2020), there was an 21.9% decrease in the number of units sold. The average price of residential units sold in Orillia last month was approximately $681,072—a 4.8% increase from July 2021. The average price a year ago increased 3.7% from July to August.

Essa

In Essa last month, 15 residential units were sold. This was 58.3% less than the month prior. During the same period a year ago, there was a 6.7% decrease in the number of units sold. The average price of residential units sold in Essa last month was $845,367— a 5.8% increase from July 2021. This time last year, the average price increased 18.9% from July 2020 to August 2020.

 

Year-To-Date (YTD) (August 2021 YTD vs August 2020 YTD) All Residential Homes

Simcoe County

7362 residential units were sold in Simcoe County during August 2021 Year-To-Date (YTD) (January 1st, 2021 – August 31st, 2021). This was 23.2% more than what was sold during the same timeframe last year (January 1st, 2020 – August 31st, 2020). The average price of residential units sold during August 2021 YTD was $776,075. This was 35.9% greater than the average price during the same timeframe last year.

City of Barrie

2482 units were sold in the City of Barrie during August 2021 YTD. This was a 28.4% growth from the same timeframe last year. This growth was greater than the growth in total Simcoe County (+23.2%).

The average price of units sold within the City of Barrie during August 2021 YTD was $726,092. This was 31.5% more than the same timeframe last year. This growth was less than what was seen in the total Simcoe region (+35.9%). During August 2021 YTD, Barrie accounted for 33.7% of residential properties sold. This was 1.4 share points more than the same timeframe during 2020.

City of Barrie – Apartments & Condos

339 apartment and condo units were sold in Barrie during August 2021 YTD—30.4% more than the number of units sold in August 2020 YTD. The average price of apartment and condo units in the City of Barrie this year so far was $485,604. This was 22.0% more than the average price during the same timeframe last year.

Simcoe County Excluding Barrie

4880 residential units were sold in the areas outside of Barrie during August 2021 YTD. This was 20.8% more than the number of units sold during August 2020 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+23.2%). The average price of units sold during this time was $801,497. This was 37.9% greater than what was seen during August 2020 YTD. This growth was greater than that of total Simcoe (+35.9%). During August 2021 YTD, Simcoe County Excluding Barrie accounted for 66.3% of residential properties sold. This was 1.4 share points less than the same timeframe during 2020. Innisfil 545 residential units were sold in Innisfil during August 2021 YTD. This was 19.0% more than what was sold during the same timeframe last year (January 1st, 2020 – August 31st, 2020).

The average price of residential units sold in August 2021 YTD was $844,884. This was 45.3% greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 7.4% of sales in Simcoe County—down 0.3 share points from the same timeframe last year.

Orillia

551 residential units were sold in Orillia from the beginning of 2021 to August 31st, 2021. This was 23.0% more than what was sold during the same timeframe last year (January 1st, 2020 – August 31st, 2020). The average price of residential units sold during August 2021 YTD was $633,455. This was 38.8% greater than the average price during the same timeframe last year. During August 2021 YTD, Orillia accounted for 7.5% of sales in Simcoe County, a 0.0 share points change compared to Orillia’s share in August 2020 YTD.

Essa

315 residential units were sold in Essa during July 2021 YTD. This was 20.2% more than what was sold during the same timeframe last year (January 1st, 2020 – August 31st, 2020). The average price of residential units sold in August 2021 YTD was $791,192. This was 33.0% greater than the average price during the same timeframe last year. During this time, Essa accounted for 4.3% of sales in Simcoe County—a 0.1 share points less than the same timeframe last year.

 

Year-Over-Year (August 2021 vs August 2020) All Residential Homes

The Housing Price Index (HPI) showed a 35.0% year-over-year increase between August 2021 and August 2020.

Simcoe County

740 residential units were sold in Simcoe County last month—33.5% less than the same time last year. As well, the average price of residential units sold was $801,703, which was 27.4% greater than that of August 2020.

City of Barrie

205 residential units were sold during August 2021 within Barrie. This was 36.1% less than the number of units sold during August 2020. This decline was greater than that of total Simcoe County (-33.5%).

The average price of residential Barrie units sold during August 2021 was $748,686—29.6% greater than the average price of units sold during August 2020. This growth was greater than the average-price growth of total Simcoe County (+27.4%). Sales in Barrie accounted for 27.8% of residential sales in Simcoe County last month. This was 1.1 share points less than the same time last year.

City of Barrie – Apartments & Condos

27 apartment and condo units were sold in Barrie during August 2021 — 47.1% less than the number of units sold in August 2020. The average price of apartment and condo units in the City of Barrie during August 2021 was $465,474. This was 11.7% more than the average price during the same time last year.

Simcoe County Excluding Barrie

535 residential units were sold outside of Barrie during August 2021, and this was 32.4% less than the number of units sold during August 2020. This decline was slightly less than the 33.5% decline seen in the total Simcoe region.

The average price of units sold in Simcoe County Excluding Barrie last month was $822,018. This was a 26.4% increase in the average price, year-over-year. This growth was slightly less than what was found in total Simcoe County (+27.4%). Residential property sales outside of Barrie accounted for 72.2% of sales in Simcoe County last month. This was 1.1 share points more than the same time last year.

Innisfil

53 residential units were sold in Innisfil during August 2021, and this was 40.4% less than the number of units sold during August 2020. This decline was greater than the 33.5% decline seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $931,026. This was a 38.7% increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+27.4%). Sales in Innisfil accounted for 7.3% of sales in Simcoe County during August 2021. This was a -0.7 share points change from Innisfil’s share of sales during the same time last year.

Orillia

62 residential units were sold in Orillia during August 2021, and this was 17.3% less than the number of units sold during August 2020. This decline was lesser than the 33.5% decline seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $681,072. This was a 43.3% increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+27.4%). Orillia’s sales made up 8.3% of sales in Simcoe County. This was 1.5 share points more than the same time last year.

Essa

15 residential units were sold in Essa during August 2021, and this was 64.3% less than the number of units sold during August 2020. This decline was greater than the 33.5% decline seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $845,367. This was a 15.6% increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+27.4%). Sales in Essa accounted for 2.0% of sales in Simcoe County during August 2021. This was 1.5 share points less than Essa’s share of sales during the same time last year.

 

Disclaimer
The prices reflected in this media release are based on homes sold via the live Barrie and District Association of REALTORS® (BDAR) Matrix™ Multiple Listing Service (MLS®) only. Statistical anomalies in average home prices, including irregularly high and/or substantially low residential sold unit prices have been evaluated and/or removed from the data sets used to calculate final averages in order to illustrate market trends with improved accuracy.
The Barrie & District Association of REALTORS®
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 prices reflected in this media release are based on homes sold via the live BDAR MLS® system only.
Using a Local Professional REALTOR®
“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local BDAR Realtor® will help you get the most value when buying or selling a home.
About Home Price Index (HPI)
The MLS® Home Price Index (HPI) conducts an analysis based on prices for Benchmark properties tracked by the MLS® Home Price Index (HPI) for the overall market area served by the Barrie & District Association of REALTORS® Inc (BDAR). The MLS® HPI is the most accurate gauge for price levels and trends, which vary by neighbourhood. For more detailed information, please contact your local BDAR REALTOR®. To learn more visit https://www.crea.ca/housing-market-stats/mls-home-price-index/about-hpi/
About BDAR
The Barrie & District Association of REALTORS® (BDAR) represents over 1,300 REALTORS® in the Barrie and Simcoe County region. BDAR provides its members leadership opportunities, professional development, and other tools and services to help them deliver a high standard of services to their clients. BDAR is communityfocused and believes that community prosperity is largely based on shelter and home ownership. The Association has a strong focus on affordable housing and helping first-time buyers understand how to get on the housing ladder. To learn more visit https://bdar.ca

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