September Market Insight:
Knowledge is power and TEAMAVIS wants to keep you informed about the housing market. Here are many insights into what we saw last month.
Simcoe: September 2021
737 units sold for an average sale price of 801,600.
Essentially mirroring with only a 0.5% increase August with 733 units sold for an average sale price of 802,300
September of 2020 saw over 1000 units sold with the average house price of 632,000. A 27% decrease in units sold but an increase of almost 27% in the selling price.
Still year to date in 2021 we have seen more units sold with almost 8100 units transferring ownership compared to year to date of 2020 with just shy of 7000 units transferring ownership. That is a 15.8% increase in the overall increase of sold homes in Simcoe. Sold prices have increased over the year 34% from the average selling price of 580K in 2020 to 778K in 2021.
Essentually what all this is saying is that if you bought last year for 600K, you can now sell that same home for 804K this September. Realizing that your equity over the year has increased 204K over the year.
Barrie Sepcifically:
229 units sold for an average sale price of 779
An increase of 13% sold compared to August with 202 units sold for an average sale price of 750K
September of 2020 saw 320 units sold with the average house price of 576K. A 28% decrease in units sold from last year but an increase of 35% in the selling price. The Barrie market accounted for 31% of residential sales in Simcoe in September,
Still year to date in 2021 we have seen more units sold with almost 2700 units transferring ownership in Barrie compared to year to date of 2020 with just shy of 2300 units transferring ownership. That is a 20% growth in the overall increase of sold homes in Simcoe. Sold prices have also seen significant froth over the year 33% from the average selling price of 550K in 2020 to 730K in 2021.
Essentually what all this is saying is that if you bought last year in Barrie for 600K, you can now sell that same home for 798K this September. Realizing that your equity over the year has increased 198K over the year.
Check out the video below to learn about what happened in the September Real Estate Housing Market.