Barrie Real Estate Update: April 20, 2020 (Video)

Barrie Market Update |

[Video Below] We’re back with this week’s episode of The Barrie Real Estate Update.

👇Here’s a quick overview, but take 3 minutes to check out the video with Mike for more context and specific property examples.

🏢Condos:

▪️ 6 new listings this week compared to 2 last week; 3 of those are relists, meaning there’s really only 3 new listings.

▪️ Conditional sales were 0, following the same trend as the last 2 weeks.
Firm sales were 2, also keeping pace with last week. 1 of those was listed and sold within the same week.

🏡Residential:

▪️ We saw 40 new listings this week vs 29 last week. Of those 40 new listings, 13 were relists, so there are really only 27 new listings.

▪️ 22 price reductions this week.

▪️ Conditional sales were on pace with last week at 1; this week’s sale was listed and sold within the same week.

▪️ Firm sales up just slightly at 16 vs 15 last week. 1 was listed and sold within the same week, and 3 of these were sold over list.

📉Inventory is 249 listings, down slightly from 251 last week.

👉In summary, listings and sales have stayed pretty consistent week over week.

Interestingly, showings have started increasing since late last week. Perhaps people are getting used to the “new normal”, becoming comfortable with the new safety protocols?

We’ll keep a close eye on this trend and see if that holds into next week.

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