August 2022 Housing Market Update for Sarnia-Lambton
"Hey, Sarnia-Lambton! We're hoping you've enjoyed Summer 2022, and are as excited as we are for the Fall Season! In the video below Sean gives the essential info from last month's housing market stats, and gives his opinion about the current state of the market and where he thinks things are going. Enjoy!"
-The Team at Blue Coast Realty
Active listings: 675
August 2021: 164 sales, and $76 million in volume.
August 2022: 146 sales, and $67 million in volume.
Sales by Price Range:
$0 - 200,000 : 13 sales
$200,000 - $400,000 : 49 sales
$400,000 - $600,000 46 sales
600,000+ : 36 sales
Average sale price:
August 2021: $463,000
August 2022: $460,000
Average Number of Days to Sell:
August 2021: 16
August 2022: 25
Months of Inventory:
August 2021: 2 months of inventory
July 2022: We had 4 month of inventory
August 2022: 4 months of inventory
Individual Areas of Sarnia
(Note: Active listing count as of July 9th, 2022)
Sarnia North End:
Active Listings: 65
39 sold - 3 conditionally sold
Average Sale Price: $625,000
Sarnia South End:
Active Listings: 83
38 sold - 3 conditionally sold
Average Sale Price: $388,000
Bright’s Grove:
Active Listings: 20
7 sold
Average Sale Price: $747,000
Forest:
Active Listings: 8
2 sold
Average Sale Price: $455,000
Plympton-Wyoming:
Active Listings: 37
6 sold - 1 conditionally sold
Average Sale Price: $580,000
Petrolia:
Active Listings: 13
8 sold
Average Sale Price: $530,000
Corunna:
Active Listings: 12
5 sold - 2 conditionally sold
Average Sale Price: $480,000
St. Clair Township (excluding Corunna):
Active Listings: 30
10 sold - 2 conditionally sold
Average Sale Price: $446,000
