Real Estate Update

I wanted to give you an update on real estate sales for August in Barrie - residential property sales increased in August as compared to July, but still remained 16 percent lower as compared to August 2009. The MLS® System of the Barrie & District Association of REALTORS® Inc. has also noted the decline of new listings by 3 percent as compared to last year, however this has been the trend in recent months as the demand has lessened as well.
According to the president of Barrie & District Association of REALTORS®, home purchases made from late last year to early this year somehow caused the downward trend of sales this spring and summer. However, they are still positive that the demand in home purchases are making a comeback due to an increase in sales last month. For more figures and trending data, click here.

Similarly to what was reported in the July sales, there is still a healthy balance between the supply and demand with new listings and sales, however this trend can still change. We will have to watch what the sales are in the coming months until end of the year.

Until next time,
Jamie

The Market is DEFINITELY Picking Up!

For those of you who do read my blogs, you will know that on Monday, Feb 22, 2010, I listed a home in Innisfil, ON. I am VERY pleased to say not only did we get an offer in 3 days, but the property sold firm in a week. So, for the last 2 listings, my average of selling firm is 7.5 days. This is incredibly good news for many of us. For the Seller, it says that they are able to sell their house and move on with their plans, in a quick manner. For the Buyers, it says that they need to make their decisions fairly quickly if they want a particular home. That is, if it is priced well.

I do have 2 more listings that have come onto the market.

1007 Sunnidale Rd, 10 minutes from downtown Barrie
click here for the tour of this home

and

78 Joseph Cr., in a lovely subdivision in South Barrie
click here for the virtual tour

New Listing

Now that we are beginning to think of Spring, although snow fell thoughout the day today, homes are beginning to be listed.

Check out this one - Great family home for a great price! Please phone me at 705-252-5242 or 877-252-5242 if you would like more information.

Click here for the virtual tour.

Until next time!
Jamie