Understanding the current market conditions and specifically the market conditions for Real Estate in your area will assist you in making the decision of listing your home for the appropriate price. Knowing whether you are situatied in a Buyer's market, a Seller's market or a Balanced market and understanding the current Real Estate trends are very important.
As your REALTOR I consider all of these factors, as well as analysing comparable properties to determine the best list price for your home. When you price right the first time you are more likely to sell your home for more than asking price at a fraction of the time of if you had priced high and then dropped the price.
Within the City of Barrie, detached residential properties posted an average selling price for the month of September 2016 of $476,668, an increase of 24% over September 2015.
Residential townhouse, link, and semi-detached homes in the City of Barrie posted an average selling price of $341,337 in September 2016, a 25% increase over September 2015.
Condominium sales average for the City of Barrie for the month of September 2016 was $225,857, a 0.2% decrease compared to September 2015.