From CREA:
The number of homes sold through the MLS® System of the Barrie & District Association of REALTORS® totaled 545 units in March 2022. This was a significant reduction of 35% from March 2021.
Home sales were 7.2% above the five-year average and 9.4% above the 10-year average for the month of March.
From CBC: The British Columbia government says people buying homes in the real estate market could soon be protected by a cooling-off period that gives them time to back out of an agreement.
To read the whole article, please click here.
This introduces a whole host of issues and doesn't get to the root cause of the affordability issue.
Barrie & District Association of Realtors reports the second highest February on record for home sales!
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales remained historically high in January 2022 despite historically low levels of both new and end-of-month supplies of properties for sale.
Ontario saw year-over-year price growth remain above 30% in January.
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Two of our new agents, Cristina Corti and Shelly Coulter are featured in Sutton Home Office's Welcome Post on Facebook!
Cristina is on the top left and Shelly is top right.
Pretty cool if you ask us!
Two of our new agents, Cristina Corti and Shelly Coulter are featured in Sutton Home Office's Welcome Post on Facebook!
Cristina is on the top left and Shelly is top right.
Pretty cool if you ask us!
Waterfront sales declined over 2020 levels in 2021, but non-waterfront residential properties continued to grow.
According to CREA Stats,
Residential non-waterfront sales were 13.4% above the five-year average and 21.3% above the 10-year average for the month of December.
On an annual basis, residential non-waterfront sales totaled a record 7,065 units over the course of 2021. This increased by 3% from the same period in 2020.
Prices have increased substantially due to the lower inventory leading to more competition in terms of prices.
Low inventory means that the average sale price of homes in Barrie has stayed high throughout 2021.
Home sales continued to rise in October, according to BDAR.
"Over the past two months, including October, we’ve seen a gradual rise in sales and new listings returning to the market," said Chantal Godard, President of the Barrie & District Association of REALTORS®. "However, with new supply only matching sales activity and still not enough to satiate existing levels of demand, overall inventories continue falling to new record lows. The increasing lack of supply is sustaining continued benchmark price growth above 30%."
We have gained some incredible agents this autumn at Sutton Group Incentive Realty!
One team that we'd like to introduce here is the Rafferty Russell Team!
Marion Rafferty, Therina Russell, and Shirley Russell have incredible drive and tons of experience. We know they will do great things here.
Make sure you introduce yoourself and say Hi next time you see them around!
Stay tuned for more new agent shout outs!
