The Barrie condo market continues to be slower due to a combination of higher inventory of condo units that are currently listed for sale and the lingering uncertainty in the market from the impact of the Provincial election, the discussions around the tariffs, and the upcoming Federal election.
Although the average days on market to sell a condo in Barrie continues to be longer than 30 days, the real estate market remains active with weekly appointments increasing on properties for sale as we move into the second quarter of 2025. Buyers are taking the opportunity to view as many properties as possible; sometimes the same property multiple times, to weigh their options prior to making a decision.
In March, there were a total of 23 condo apartments that sold with an average sale price of $516,248; down slightly from February. These units took an average of 45 days to sell and sold for an average of 98% of the seller’s asking price.
The condo townhouse sector experienced similar trends. Although units sold increased month-over-month, the average days on market and the sale-list-ratio were quite identical to the condo apartment market, and the average sale price was also down from February.
Last month there were a total of 11 condo townhouses that sold in Barrie. The average sale price was $462,545, and these units sold in an average of 44 days and 99% of the list price.
Properties that have been selling quickly in this slower market have been units that have unique and desirable features, as well as those that are move-in ready and show like a model home. It is important that sellers take into consideration the high inventory on the market and it is suggested to price their property competitively right from the start. This will help their condo stand out amongst the crowd and potentially sell within 30 days of being listed.
There is no doubt that sellers take a risk when they price their home too high in a market that has ample supply, like Barrie currently has. The most serious buyers will book an appointment to view a newly listed condo within the first 2 weeks of a property being listed. If the seller is listed too high, potential buyers might not book an appointment to view and will simply focus on the properties that they feel are more in line with the market. Sellers are better off pricing competitively from day one and tightening up their negotiation strategy, rather than going through a series of price reductions. If they did this, they are more likely to sell in less time and could possibly net more money.
Summarizing the first quarter of 2025:
There were a total of 75 condo apartments that sold in Barrie with an average sale price of $546,805, which took an average of 42 days to sell.
There were a total of 23 condo townhouses that sold in Barrie with an average sale price of $486,894, which took an average of 45 days to sell.
There were a total of 5 lifeleases that sold in Barrie with an average sale price of $360,077, which took an average of 298 days to sell.
There are currently 247 Condominiums for sale in Barrie, Ontario; 178 Condo Apartments, 60 Condo Townhouses, and 9 Lifelease Units.
*All stats are based on listings sold with the Toronto Regional Real Estate Board
CURRENTLY FOR SALE WITH BARRIE CONDO CORNER:
FOR SALE - 2 Bedroom + den condo at Yonge Station Condominiums in South Barrie CLICK HERE
FOR SALE - 1 Bedroom condo in the Elgin Bay Club on the serene shores of Lake Couchiching in Orillia CLICK HERE
FOR SALE - 2 Bedroom condo at Bayshore Landing right in the heart of downtown Barrie CLICK HERE
Read our previous report for the Barrie condo market - MARCH 2025
Would like to read more about:
Condo Ownership CLICK HERE
Why Do Condo Fees Differ Between Buildings/Corporations CLICK HERE
Would you like to stay up to date on the Barrie condo market? Subscribe to my monthly market report TODAY!
Thinking of making a move? We are a CONDO FOCUSED team that has served the local condo community for over 9 years and have over 20 years experience serving the condo industry. We would be honoured to have the opportunity to discuss how you can net the most money in this market. CALL TODAY to book your FREE CONDO EVALUATION :)
There's a difference between working with an agent and working with a CONDO AGENT. Make the right decision and WORK WITH AN EXPERT!