Average price of Barrie homes sold in January was $691,307

The Housing Price Index (HPI) also showed 27.6 per cent year-over-year increase between January 2020 and January 2021

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NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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Month-Over-Month (January 2021 vs December 2020)
Residential Homes

Simcoe County
466 residential units were sold in Simcoe County last month—a 6.6 per cent decrease from December 2020. During the same time a year ago (December 2019 to January 2020), there was a 7.5 per cent increase in the number of units sold.

The average price of residential units sold last month was $733,309—a 9.2 per cent increase from December 2020. This increase contrasted the month-over-month change in average price a year ago which decreased 1.7 per cent from December to January.

City of Barrie
160 units were sold last month within the City of Barrie, which was 10.1 per cent less than the number of units sold the month prior. A year ago, the number of units sold between January and December increased 4.0 per cent. The average price of units sold within Barrie during January 2021 was $691,307. This was 6.0 per cent greater than the average price during December 2020. In comparison, the average price of units sold between January 2020 and December 2019 increased 0.4 per cent.

City of Barrie – Apartments & Condos
31 apartment and condo units were sold in Barrie last month—6.9 per cent more than the number of units sold in December 2020. The average price of apartment and condo units sold in the City of Barrie this month was $458,142—7.3 per cent more than the average price in December 2020.

Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 306 units were sold. This was 4.7 per cent less than the number of units sold during December 2020. At the same time a year ago, there was a 9.4 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 $755,271. This was 10.7 per cent more than the month before. Between January 2020 and December 2019, the average price of units sold outside of Barrie decreased 2.8 per cent. 

Innisfil
38 residential units were sold in Innisfil last month—a 19.1 per cent decrease from December 2020. During the same period a year ago (December 2019 to January 2020), there was a 19.2 per cent decrease in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $779,650—a 15.7 per cent increase from December 2020. This was a lesser growth than last year, when the average price increased 15.2 per cent from December to January.

Orillia
40 residential units were sold in Orillia last month—a 5.3 per cent increase from December 2020. During the same period a year ago (December 2019 to January 2020), there was a 12.9 per cent increase in the number of units sold. The average price of residential units sold in Orillia last month was approximately $542,577—a 8.4 per cent increase from December 2020. In contrast, the average price a year ago decreased 1.3 per cent from December to January.

Essa
In Essa last month, 22 residential units were sold. This was 4.8 per cent more than last month. During the same period a year ago, there was a 25 per cent increase in the number of units sold. The average price of residential units sold in Essa last month was $749,512 – a 3.7 per cent increase from December 2020. This time last year, the average price increased 20.5 per cent from December 2019 to January 2020.

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

The Housing Price Index (HPI) showed a 27.6 per cent year-over-year increase between January 2021 and January 2020.

Simcoe County
466 residential units were sold in Simcoe County last month—21.0 per cent greater than the same time last year. As well, the average price of residential units sold was $733,309, which was 44.3 per cent greater than that of January 2020.

City of Barrie
160 residential units were sold during January 2021 within Barrie. This was 23.1 per cent more than the number of units sold during January 2020. This growth was the same as that of total Simcoe County (+21.0 per cent).

The average price of residential Barrie units sold during January 2021 was $691,307 — 36.1 per cent greater than the average price of units sold during January 2020. This growth was less than the average-price growth of total Simcoe County (+44.3 per cent). Sales in Barrie accounted for 34.3 per cent of residential sales in Simcoe County last month. This was 0.6 share points more than the same time last year.

City of Barrie – Apartments & Condos
31 apartment and condo units were sold in Barrie during January 2021 — 40.9 per cent greater than the number of units sold in January 2020. The average price of apartment and condo units in the City of Barrie in January 2021 was $458,142. This was 17.3 per cent more than the average price during the same time last year.

Simcoe County Excluding Barrie
306 residential units were sold outside of Barrie during January 2021, and this was 20.0 per cent more than the number of units sold during January 2020. This growth was slightly less than the 21.0 per cent growth seen in the total Simcoe region.

The average price of units sold in Simcoe County Excluding Barrie last month was $755,271. This was a 48.6 per cent increase in the average price, year-over-year. This growth was greater than what was found in total Simcoe County (+44.3 per cent). Residential property sales outside of Barrie accounted for 65.7 per cent of sales in Simcoe County last month. This was 0.6 share points less than the same time last year.

Innisfil
38 residential units were sold in Innisfil during January 2021, and this was 81.0 per cent more than the number of units sold during January 2020. This growth was significantly greater than the 21.0 per cent growth seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $779,650. This was a 21.3 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+44.3 per cent). Sales in Innisfil accounted for 8.2 per cent of sales in Simcoe County during January 2021. This was 2.7 share points more than Innisfil’s share of sales during the same time last year.

Orillia
40 residential units were sold in Orillia during January 2021, and this was 14.3 per cent greater than the number of units sold during January 2020. This growth was less than the 21.0 per cent growth seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $542,577. This was a 43.8 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+44.3 per cent). Orillia’s sales made up 8.6 per cent of sales in Simcoe County. This was 0.5 share points less than the same time last year.

Essa
22 residential units were sold in Essa during January 2021, and this was 46.7 per cent more than the number of units sold during January 2020. This growth was significantly greater than the 21.0 per cent growth seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $749,512. This was a 29.4 per cent increase in the average price, year-over-year. This growth was less than what was found in total Simcoe County (+44.3 per cent). Sales in Essa accounted for 4.7 per cent of sales in Simcoe County during January 2021. This was 0.8 share points more than Essa’s share of sales during the same time last year.