December 2022 & Full Year Housing Market Update

 

housing market, sarnia, real estate, lambton, sales volume, blue coast realty, best realtor

 

2022 as a Whole:

 

Sales: 1,566

Average sale price: $514,000

Average listing price: $560,000

Sales Volume: ≈$800,000,000

Average number of days to sell: 21

 

 

2022 by Quarter:

 

Quarter 1:

Sales: 358

Average sale price: $530,000

 

Quarter 2:

Sales: 474 sales

Average sale price: $557,000

 

Quarter 3:

Sales: 401 sales

Average sale price: $492,000

 

Quarter 4:

Sales: 323 sales

Average sale price: $464,000

 

Sean's video breakdown & personal opinion on the housing market in 2023

 

December 2022

 

Active listings:

December 2021: 338

December 2022: 622

 

Sales Count:

December 2021: 140 sales

December 2022: 102 sales



Sales Volume:

2021: $64,000,000

2022: $49,000,000



Sales by Price Range:

$0 - $200,000: 8

$200,000 - $400,000: 21

$400,000 - $600,000: 31

$600,000 - $1,000,000: 24

$1,000,000+: 1

 

Average sale price:

December 2021: $475,000

December 2022: $486,000



Average Number of Days to Sell:

December 2020/21: 24

December 2022: 41



Months of Inventory:

December 2022: 7 months of inventory

December 2021: 3 months of inventory 

 

 

Breakdown by Area

 

Sarnia North End:

Active Listings: 47

Sold: 18

Conditionally sold: 6 

Average Sale Price: $595,000

 

Sarnia South End:

Active Listings: 61

Sold: 31

Conditionally sold: 3

Average Sale Price: $463,000

 

Bright’s Grove:

Active Listings: 8

Sold: 3

Average Sale Price: $1,012,000

 

Forest:

Active Listings: 13

Sold: 3

Conditionally sold: 1

Average Sale Price: $527,000

 

Plympton-Wyoming:

Active Listings: 31

Sold: 1

Conditionally sold: 2

Average Sale Price: $945,000

 

Petrolia:

Active Listings: 8

Sold: 3

Average Sale Price: $648,000

 

Corunna:

Active Listings: 6

Sold: 4

Conditionally sold: 1

Average Sale Price: $512,000

 

St. Clair Township:

(excuding. Corunna)

Active Listings: 15

Sold: 4

Conditionally sold: 2

Average Sale Price: $626,000