LOCATIONS B R O K E R A G E
BARRIE REAL ESTATE MARKET REPORT
JANUARY 2021 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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LOCATIONS B R O K E R A G E
OVERVIEW RECORD VOLUME AND UNIT SALES, WITH PRICES UP AND LISTINGS DOWN
RECORD JANUARY VOLUME OF $108,812,631 Up 65% from last January’s $108,812,631, with units of 158 up 9% from January 2016’s 145. New listings of 193 down 18%, with the sales/listings ratio of 82% up 26%.
JANUARY UNIT SALES UP IN THREE PRICE SEGMENTS, DOWN IN FOUR The $700K-$849K, $850K-$999K and $1M+ were up 1100%, 800% and 700% respectively, while the Under-$250K, $250-$399K, $400K-$549K and $550-$699K were down 100%, 55%, 48% and 8% respectively.
RECORD AVERAGE SALE PRICE OF $688,688 Up 36% from January 2020’s $507,939, with the average days-on-market of 16 down 20 days.
BARRIE MARKET REPORT: JANUARY 2021
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LOCATIONS B R O K E R A G E
OVERVIEW (cont’d) THE DEMAND FOR LISTINGS WAS LESS THAN THE SUPPLY In January, homes sold in 16 days on average – 20 days faster than last January. Additionally, the month had 18% fewer listings, a high 82% sales/listings ratio and a huge 107% sale/list price ratio. All that – as well as the fact that there is now just one month of inventory – add up to a very strong sellers’ market. Graph 1: Barrie MLS® Residential Sales January 2019 vs. 2020 vs. 2021 (Volume) $120,000,000
$108,812,631 $100,000,000
$80,000,000
$66,032,098 $60,000,000
$47,591,209 $40,000,000
$20,000,000
$0
2019
2020
2021
Graph 2: Barrie MLS® Residential Sales January 2019 vs. 2020 vs. 2021 (Units) 180
158
160 140
130
120 100
104
80 60 40 20 0
2019
BARRIE MARKET REPORT: JANUARY 2021
2020
2021
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL Table 1: Barrie MLS® Residential Sales And Listing Summary January 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$47,591,209
$66,032,098
$108,812,631
+65%
Unit Sales
104
130
158
+22%
New Listings
237
234
193
-18%
Sales/Listings Ratio
44%
56%
82%
+26%
28
22
17
-23%
2
1
0
-100%
Sales: $250K - $399K
25
22
10
-55%
Sales: $400K - $549K
57
64
33
-48%
Sales: $550K - $699K
17
36
33
-8%
Sales: $700K - $849K
3
4
48
+1100%
Sales: $850K - $999K
0
3
27
+800%
Sales: $1M+
0
0
7
+700%
40
36
16
-56%
$457,608
$507,939
$688,688
+36%
Volume Sales
Expired Listings Sales: Under $250K
Average Days-On-Market Average Sale Price
NOTE: All MLS® sales data in this report comes from the Barrie & District Association Of REALTORS® and refers specifically to residential sales as of Feb.. 3, 2021.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
BARRIE MARKET REPORT: JANUARY 2021
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LOCATIONS B R O K E R A G E
SALES BY PROPERTY TYPE 2021 IN DETAIL 2021
2021
2021
$8,658,599
$14,202,400
16
111
Single Family
Single Family
Condominium 2020
Condominium
Townhouse
2020
2020
Townhouse
$6,525,380 00
$8,594,900
16 22
$50,911,818
92 Single Family
2019
Condominium
Vacant Land
$5,598,721
2019
2019
$85,951,632 UP 69% from 2020
AV. DAYS-ON-MARKET: 12 DOWN 19 days from 2020 $85,951,632
AV. SALE PRICE: $774,339 UP 40% from 2020 Single Family
Condominium 2020
Townhouse CONDOMINIUMS
$6,525,380 00
$8,594,900
DOLLAR SALES: $14,202,400 UP 65% from 2020 UNIT SALES: 31 UP 41% from 2020
Single Family Condominium
DOLLAR SALES : $8,658,599 $14,202,400
UNIT SALES: 111 UP 21% from 2020
31
$85,951,632
SINGLE-FAMILY HOMES 2021
Townhouse
$4,065,150
11
AV. DAYS-ON-MARKET: 31 $50,911,818 DOWN 31 days from 2020 AV. SALE PRICE: $458,142 Single Family UP 17% from 2020 Condominium
2019
Vacant Land
$4,065,150 TOWNHOUSES
$5,598,721
DOLLAR SALES: $8,658,599 UP 33% from 2020
16
UNIT SALES: 16 EQUAL to 2020 $37,927,338
77
Single Family
Single Family
Condominium
Condominium
Single Family
Townhouse
Condominium
BARRIE MARKET REPORT: JANUARY 2021
Townhouse Townhouse
$37,927,338
AV. DAYS-ON-MARKET: 11 DOWN 15 days from 2020 Single Family
AV. SALE PRICE: $541,162 Condominium UP 33% from 2020 Townhouse www.locationsnorth.com
LOCATIONS B R O K E R A G E
BARRIE AVERAGE SALE PRICES: 2010-2020 BIG GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Barrie’s average sale price for single-family homes in 2020 was $619,832: that’s up 15%, 20%, 15%, 39% and 122% from 2019, 2018, 2017, 2016 and 2010 respectively. 2020’s average condo price of $409,021 was up 10%, 13%, 19%, 46% and 91% from 2019, 2018, 2017, 2016 and 2010 respectively. In 2010-11 Barrie’s average single-family home price increased at about the inflation rate. From 2012-17 it rose to 74% above inflation, before dipping in 2018-19 and then reaching 90% above in 2020. The condo average sale price rose at roughly the inflation rate until 2015 before rising to 90% above inflation in 2020.
$700,000 $600,000 $500,000 $400,000 $300,000
$200,000 $100,000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Single-Family Home Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On Barrie’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On Barrie’s 2010 Condominium Average Sale Price
BARRIE MARKET REPORT: JANUARY 2021
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