Barrie Home Sales in September were down 22% from last year
Average Sale Price of a Home is Down Nearly 24 percent since February 2022
Courtesy of Barrie 360 Ian MacLennan Published: Oct 6th, 2022
The Barrie and District Association of Realtors (BDAR) says home sales last month in the city were down 22 per cent compared to last year, as the average price for a home during September dropped 5.8 per cent from a year ago to $735,064.
The Barrie and District Association of Realtors (BDAR) says home sales last month in the city were down 22 per cent compared to last year, as the average price for a home during September dropped 5.8 per cent from a year ago to $735,064.
Looking month-to-month, the BDAR says 179 homes sold in September in Barrie, which is 8.5 per cent more than in August. Despite this increase, the average sale price is down by nearly 24 per cent since February 2022.
New listings are “holding up remarkably well,” according to the association, which it says is a good sign that sellers have not fled the market and are continuing to list their properties.
“Overall supply levels continue to increase from record lows, providing buyers with more selection within the region than experienced over the last 2 to 3 years,” the BDAR said in its monthly report that was released on Thursday.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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