NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The July 2021 sales information is in, and residential property sales recorded through the Matrix System for the Barrie and District Association of Realtors (BDAR) region showed a year-over-year decline in the number of units sold, but price of units sold still showed a strong year-over-year growth.
This was equally due to Barrie and Simcoe County Excluding Barrie. However, the price of units sold slightly declined month-over-month while the HPI only rose slightly month-over-month. Therefore, it’s evident that the Simcoe County real estate market is continuing to cool off.
The Housing Price Index (HPI) showed a month-over-month increase of 0.8 per cent from June 2021.
Month-over-month (July 2021 vs. June 2021)
Residential homes
Simcoe County
815 residential units were sold in Simcoe County last month - a 14.2 per cent decrease from June 2021. During the same time a year ago (June 2020 to July 2020), there was a 11.8 per cent increase in the number of units sold.
The average price of residential units sold last month was $772,647 - a 3.8 per cent decline from June 2021. This decline contrasted the month-over-month change in average price a year ago (+2.3 per cent).
City of Barrie
255 units were sold last month within the City of Barrie, which was 12.1 per cent less than the number of units sold the month prior. A year ago, the number of units sold between July and June grew 15.3 per cent.
The average price of units sold within Barrie during July 2021 was $732,430. This was 1.8 per cent less than the average price during June 2021. In comparison, the average price of units sold between July 2020 and June 2020 increased 4.2 per cent.
City of Barrie – Apartments and condos
38 apartment and condo units were sold in Barrie last month - 7.3 per cent less than the number of units sold in June 2021. The average price of apartment and condo units sold in the City of Barrie last month was $492,926 - 8.0 per cent less than the average price in June 2021.
Simcoe County excluding Barrie
In Simcoe County excluding Barrie last month, 560 units were sold. This was 15.2 per cent less than the number of units sold during June 2021. At the same time a year ago, there was an 10.2 per cent increase in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $790,960. This was 4.6 per cent less than the month prior. Between July 2020 and June 2020, the average price of units sold outside of Barrie increased 1.6 per cent.
Innisfil
61 residential units were sold in Innisfil last month - a 7.6 per cent decrease from June 2021. During the same period a year ago (June 2020 to July 2020), there was a 40.6 per cent increase in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $813,031 - a 11.6 per cent decrease from June 2021. This contrasted the growth from last year when the average price grew 8.1 per cent from June to July.
Orillia
56 residential units were sold in Orillia last month - a 16.4 per cent decrease from June 2021. During the same period a year ago (June 2020 to July 2020), there was a 15.5 per cent increase in the number of units sold. The average price of residential units sold in Orillia last month was approximately $638,515 - a 1.7 per cent increase from June 2021. The average price a year ago decreased 9.4 per cent from June to July.
Essa
In Essa last month, 35 residential units were sold. This was 16.7 per cent more than the month prior. During the same period a year ago, there was a 4.3 per cent decrease in the number of units sold. The average price of residential units sold in Essa last month was $806,634 - a 10 per cent decrease from June 2021. This time last year, the average price increased 4.0 per cent from June 2020 to July 2020.
Year-to-date (YTD) (July 2021 YTD vs. July 2020 YTD)
All residential homes
Simcoe County
6,645 residential units were sold in Simcoe County during July 2021 Year-to-date (YTD) (Jan. 1, 2021 – July 31, 2021). This was 36.5 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – July 31, 2020). The average price of residential units sold during July 2021 YTD was $772,961. This was 38.6 per cent greater than the average price during the same timeframe last year.
City of Barrie
2,283 units were sold in the City of Barrie during July 2021 YTD. This was a 41.3 per cent growth from the same timeframe last year. This growth was greater than the growth in total Simcoe County (+36.5 per cent).
The average price of units sold within the City of Barrie during July 2021 YTD was $724,643. This was 33.2 per cent more than the same timeframe last year. This growth was less than what was seen in the total Simcoe region (+38.6 per cent). During July 2021 YTD, Barrie accounted for 34.4 per cent of residential properties sold. This was 1.2 share points more than the same timeframe during 2020.
City of Barrie – Apartments and condos
313 apartment and condo units were sold in Barrie during July 2021 YTD—49.8 per cent more than the number of units sold in July 2020 YTD. The average price of apartment and condo units in the City of Barrie this year so far was $489,168 This was 24.3 per cent more than the average price during the same timeframe last year.
Simcoe County excluding Barrie
4362 residential units were sold in the areas outside of Barrie during July 2021 YTD. This was 34.2 per cent more than the number of units sold during July 2020 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+36.5 per cent).
The average price of units sold during this time was $798,249. This was 41.4 per cent greater than what was seen during July 2020 YTD. This growth was greater than that of total Simcoe (+38.6 per cent). During July 2021 YTD, Simcoe County Excluding Barrie accounted for 65.6 per cent of residential properties sold. This was 1.2 share points less than the same timeframe during 2020.
Innisfil
492 residential units were sold in Innisfil during July 2021 YTD. This was 33.3 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – July 31, 2020). The average price of residential units sold in July 2021 YTD was $835,619. This was 49.2 per cent greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 7.4 per cent of sales in Simcoe County - down 0.2 share points from the same timeframe last year.
Orillia
492 residential units were sold in Orillia from the beginning of 2021 to July 31, 2021. This was 31.6 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – July 31, 2020). The average price of residential units sold during July 2021 YTD was $626,356. This was 38.5 per cent greater than the average price during the same timeframe last year. During July 2021 YTD, Orillia accounted for 7.4 per cent of sales in Simcoe County, 0.3 share points less than that of July 2020 YTD.
Essa
299 residential units were sold in Essa during June 2021 YTD. This was 35.9 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 – July 31, 2020). The average price of residential units sold in July 2021 YTD was $789,335. This was 38.8 per cent greater than the average price during the same timeframe last year. During this time, Essa accounted for 4.5 per cent of sales in Simcoe County - a 0.0 share points change from the same timeframe last year.
Year-over-year (July 2021 vs. July 2020)
All residential homes
The Housing Price Index (HPI) showed a 36.6 per cent year-over-year increase between July 2021 and July 2020.
Simcoe County
815 residential units were sold in Simcoe County last month - 32.4 per cent less than the same time last year. As well, the average price of residential units sold was $772,647, which was 29.9 per cent greater than that of July 2020.
City of Barrie
255 residential units were sold during July 2021 within Barrie. This was 32.2 per cent less than the number of units sold during July 2020. This decline was lesser than that of total Simcoe County (-32.4 per cent).
The average price of residential Barrie units sold during July 2021 was $732,202 - 26.3 per cent greater than the average price of units sold during July 2020. This growth was less than the average-price growth of total Simcoe County (+29.9 per cent). Sales in Barrie accounted for 31.3 per cent of residential sales in Simcoe County last month. This was 0.1 share points more than the same time last year.
City of Barrie – Apartments and condos
38 apartment and condo units were sold in Barrie during July 2021 - 11.6 per cent less than the number of units sold in July 2020. The average price of apartment and condo units in the City of Barrie during July 2021 was $492,926. This was 18.2 per cent more than the average price during the same time last year.
Simcoe County excluding Barrie
560 residential units were sold outside of Barrie during July 2021, and this was 32.5 per cent less than the number of units sold during July 2020. This decline was slightly greater than the 32.4 per cent decline seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie last month was $790,960. This was a 31.5 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+29.9 per cent). Residential property sales outside of Barrie accounted for 68.7 per cent of sales in Simcoe County last month. This was 0.1 share points less than the same time last year.
Innisfil
61 residential units were sold in Innisfil during July 2021, and this was 32.2 per cent less than the number of units sold during July 2020. This decline was slightly less than the 32.4 per cent decline seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $813,031. This was a 34.2 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+29.9 per cent). Sales in Innisfil accounted for 7.5 per cent of sales in Simcoe County during July 2021. This was a 0.0 share points change from Innisfil’s share of sales during the same time last year.
Orillia
56 residential units were sold in Orillia during July 2021, and this was 42.3 per cent less than the number of units sold during July 2020. This decline was greater than the 32.4 per cent decline seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $638,515. This was a 39.5 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+29.9 per cent). Orillia’s sales made up 6.9 per cent of sales in Simcoe County. This was 1.2 share points less than the same time last year.
Essa
35 residential units were sold in Essa during July 2021, and this was 22.2 per cent less than the number of units sold during July 2020. This decline was less than the 32.4 per cent decline seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $806,634. This was a 31.2 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+29.9 per cent). Sales in Essa accounted for 4.3 per cent of sales in Simcoe County during July 2021. This was 0.6 share points more than Essa’s share of sales during the same time last year.
