Barrie Home sales climb higher in April

Barrie Home sales climb higher in April Residential property sales recorded through the MLS® System of the Barrie & District Association of REALTORS® Inc. numbered 488 units in April, rising 14 per cent from year-ago levels. Within the city of Barrie, sales activity was up by more than the overall trend for the region. The city of Barrie saw 310 residential sales in April, 29 per cent above levels from April 2011. On a year-to-date basis, sales activity was running 16 per cent ahead of the first four months of 2011. “Demand remained at above average levels in April,” said Walter Doret, President of the Barrie and District Association of REALTORS®. “It’s actually been one of the strongest starts to any year on record. That’s drawing down the overall supply of properties for sale, which is resulting in tighter market conditions and continued upward pressure on prices.” The year-to-date average price for all homes sold via the Association’s MLS® System in April 2012 was $301,501, up seven per cent from levels at the same time last year. The year-to-date average price figure for homes sold just within the City of Barrie was $284,691. This was an eight per cent increase compared to the same period in 2011. The Barrie & District Association of REALTORS® cautions that over a period of time, the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The dollar value of all home sales in April 2012 was $150.4 million, up 22 per cent from year-ago levels. New residential listings were up two per cent from a year earlier to 861 units in April 2012. Overall supply levels have generally been trending downward since last summer. Active residential listings on the Association’s MLS® System numbered 1,701 units at the end of April 2012. This was down 10 per cent from the end of April 2011. There were 3.9 months of inventory at the end of April 2012 on a seasonally adjusted basis, up slightly from 3.8 months at the end of March. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. Sales of all property types in the Barrie region numbered 497 units in April, up 13 per cent compared to April 2011. The total value of all properties sold in April 2012 was $154.2 million, up 23 per cent on a year-over-year basis . For more information if wanting to purchase in Barrie - contact InvestingInBarrie.com 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 information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with The Barrie & District Association of REALTORS® Inc.. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor The Barrie & District Association of REALTORS® Inc. assumes any responsibility or liability. Copyright© 2012 The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.