Barrie & District Association of REALTORS® Inc.

BDAR Stats: February 2024

Simcoe County's real estate market continues its upward trajectory in 2024, according to the latest February Residential Market Report by the Barrie & District Association of REALTORS® (BDAR). Reflecting a positive momentum, February saw a 37.53% surge in sales totaling 557 units sold, and a modest increase of 3.40% in the average sale price to $839,675 compared to February 2023.

Despite a year-over-year decrease in new listings, Simcoe County’s real estate market continues to exhibit promising signs of growth, with new listings climbing 18.47% from last month, offering increased options for potential buyers and contributing to a balanced market environment.

Simcoe County's real estate landscape is sustained by robust population growth and a strong economy, maintaining a healthy demand for housing despite the backdrop of higher borrowing costs. The market's resilience is further underscored by the anticipation of easing interest rates, suggesting a continued positive outlook for home sales and listings in the region.

"The February market statistics are a testament to Simcoe County's vibrant real estate sector. The significant sales increase, coupled with a steady rise in average prices, reflects the robust demand and confidence in our market. The growth in new listings is particularly promising, ensuring a balanced market conducive to both buyers and sellers” said BDAR Chair, Lindsay Percy.

As the real estate market in Simcoe County continues to evolve, BDAR remains committed to providing detailed insights and analysis.

BOARD & ASSOCIATION INFORMATION

The Barrie and 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. The Association provides continuing education, Multiple Listing Service® (MLS®), statistical information, and many other services to its members.

The average price information quoted can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.


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BARRIE & DISTRICT ASSOCIATION OF REALTORS® INC.

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For more information,
please contact:

Chair
Lindsay Percy

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