Barrie Houses for Sale
2021 Housing Market Stats in Barrie, Ontario
The 2021 property market in Barrie is expected to be in the seller's favor following low housing supply, increasing demand, and rising prices.
According to research from May 2021 on residential property sales in Ontario, low inventory was recorded as a constant trend. This has since created upward pressure on the price of existing and new houses for sale in Barrie.
Average Home Prices in Barrie
The price of single-detached homes in Barrie increased from $539,890 in the year 2019 to $596,960 in 2020. The average costs of condominium properties within the area also increased to $399,890 during the same period.
Currently, the housing inventory in Barrie is low, standing at one to two months maximum. While we expect more houses to come up in the region, demand will still outweigh any efforts towards boosting the inventory.
Why the High Demand for Homes in Barrie, Ontario
Barrie is experiencing an influx of homebuyers from the Greater Toronto Area. This is adding pressure on the home supply and will likely lead to continued price growth.
Barrie is also known for its affluent real estate featuring recreational amenities. Luxury homes here have an average starting price of $800,000. So, the demand for luxury homes for sale in Barrie Ontario has increased, and this is likely to soar through 2021 & 2022.
Working with Point59 Realty
If you have new houses for sale in Barrie, consider working with Point59 Realty. We stand out as a unique and affordable Real Estate Brokerage agency. Unlike other companies that take as much as 6% commission, you will pay just 0.59% commission at Point59 Realty. And this is only applicable when we sell your home successfully after listing it with us.