Weekly Market Update February 8-14

Faris Team CEO and Broker, Mark Faris, says that eight properties sold over $1M in Orillia and area this week, bumping the average sale price way up to over $800K. Although this market has seen healthy activity for some time now, we’ll likely see that number regulate next week.

More listings are coming on the market with each passing week, and serious buyers are making bids; list-to-sale ratios are up way over 100% across all three markets.

Barrie & Area

Compared to the week of January 25-31:

• Average selling price is up 8% 

• 44% more new listings than last week 

• 42% more homes sold

• List-to-sale ratio is strong at 110.9%

Midland & Surrounding Area

Compared to the week of January 25-31:

• Average selling price is up 24%  

• 231% more listings came on the market

• 20% more homes sold

• List-to-sale ratio is strong at 109.6%

Orillia & Surrounding Area

Compared to the week of January 25-31:

• Average selling price is up 315%  

• 17% more new listings 

• 46% more homes sold

• List-to-sale ratio is strong at 107.2%

Want to know what this means for you as you consider buying or selling a home? We’re here to make your experience stress-free.

Call us today at 1.888.918.6570, send us an email or book an appointment.

There’s absolutely NO OBLIGATION. Consultations with our team of experts are FREE.

While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.