November 2023 Housing Market Update for Sarnia-Lambton

Sales Activity (November 2023):

Single Detached Market: 90 sales, a decrease of 7.2% from November 2022.

Residential Market: 92 sales, a decrease of 6.1% from November 2022.

Dollar Volume (November 2023):

Single Detached Market: $48,976,267, a decrease of 4.6% from November 2022.

Residential Market: $49,911,267, a decrease of 3.5% from November 2022.

New Listings (November 2023):

Single Detached Market: 184 new listings, an increase of 7.6% from November 2022.

Residential Market: 199 new listings, an increase of 7.6% from November 2022.

Active Listings (November 2023):

Single Detached Market: 442 active listings, an increase of 35.6% from November 2022.

Residential Market: 479 active listings, an increase of 30.5% from November 2022.

Months of Inventory (November 2023):

Single Detached Market: 4.9 months.

Residential Market: 5.2 months.

Average Price (November 2023):

Single Detached Market: $544,181, an increase of 2.8% from November 2022.

Residential Market: $542,514, an increase of 2.8% from November 2022.

Median Price (November 2023):

Single Detached Market: $490,000, an increase of 4.5% from November 2022.

Residential Market: $490,000, an increase of 4.7% from November 2022.

Sale to List Price Ratio (November 2023):

Single Detached Market: 97.0%.

Residential Market: 96.9%.

Median Days on Market (November 2023):

Single Detached Market: 31.0 days.

Residential Market: 31.0 days.

Breakdown by Area

Point Edward:

• Active Listings: 6
• Sold: 1
• Average Sale Price: $500,000

Sarnia North End:

• Active Listings: 99
• Conditionally Sold: 7
• Sold: 19
• Average Sale Price: $675,000

Sarnia South End:

• Active Listings: 75
• Conditionally Sold: 9
• Sold: 32
• Average Sale Price: $343,000 (nearly half of the north end average)

Bright's Grove:

• Active Listings: 14
• Conditionally Sold: 1
• Sold: 2
• Average Sale Price: $656,000

Forest:

• Active Listings: 12
• Conditionally Sold: 1
• Sold: 3
• Average Sale Price: $573,000

Petrolia:

• Active Listings: 24
• Conditionally Sold: 2
• Sold: 9
• Average Sale Price: $566,000

Plympton-Wyoming:

• Active Listings: 79
• Conditionally Sold: 4
• Sold: 5
• Average Sale Price: $735,000

Lambton Shores, ON

• Active Listings: 34
• Conditionally Sold: 1
• Sold: 5
• Average Sale Price: $723,000

St. Clair Township as a whole:

• Active Listings: 41
• Conditionally Sold: 6
• Sold: 13
• Average Sale Price: $593,000

Corunna:

• Active Listings: 23
• Conditionally Sold: 5
• Sold: 9
• Average Sale Price: $656,000