Barrie Real Estate Market Home sales - October 2009
MLS® home sales activity climbed to the highest level on record for the month of October in the area served by the Barrie District Association of REALTORS® Inc. Improving demand and fewer new listings continue to firm up the market.
According to statistics provided by the Barrie District Association of REALTORS®, MLS® home sales activity totalled 389 units in October 2009, jumping 39 per cent year-over-year. This is the largest gain since November 2007, and the fifth consecutive increase from year-ago levels.
Seasonally adjusted sales activity was up three per cent on a monthly basis in October (seasonal adjustment removes normal seasonal fluctuations). Building on monthly increases since the beginning of the year, seasonally adjusted activity now stands 87 per cent above the low from January.
The total dollar value of all MLS® home sales amounted to $104.4 million in October 2009, 43 per cent above year-ago levels. This is the largest increase in dollar volume in 23 months.
Total MLS® sales activity in the Barrie region numbered 401 units in October, jumping 41 per cent year-over-year. The total value of all MLS® properties sold in October 2009 was $107.4 million, 46 per cent above levels from October 2008.
The year-to-date average price for homes sold via the Barrie Association’s MLS® system in October was $264,057. That number is virtually unchanged from one year ago.
New residential listings in the Barrie area numbered 606 units in October 2009, edging down one per cent year-over-year. This is the seventh consecutive month in which new listings have declined from year-ago levels.
The number of active residential listings on the Association’s MLS® system dropped 20 per cent from a year earlier to 1,579 units at the end of October 2009. This is the fifth double-digit decline in as many months, and the sixth consecutive month in which active listings have declined from year-ago levels.
There were 4.1 months of inventory in October. This is down from levels in each of the previous two months, and well below levels posted earlier this year. 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.
Source: The Barrie and District Association of REALTORS® Inc. which 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.
For more information regarding the Barrie Real Estate Market please contact us or visit our website www.BarrieProperties.com.
Peter Clarke & Patricia Clarke
Broker of Record/Owner - Real Estate Sales Representative/Owner
ELITE ACCESS REALTY INC.Brokerage
Direct: 705-716-7611
Office: 705-737-2750 Ext 703
Toll Free: 1-877-795-6448 Ext 703
www.Barrieproperties.com
www.InmobiliariaEnBarrie.com
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