September 2023 Housing Market Update
September 2023 Figures:
- Sales Activity: We saw 98 properties change hands, marking a 24.1% drop from September 2022.
- Dollar Volume: Transactions totaled $50.8 million, down 27.1% from the same time last year.
- New Listings: 253 properties hit the market, showing a slight 3.8% dip from the previous year.
- Active Listings: We're observing 465 properties available, a notable 22% increase.
- Months of Inventory: We're at 4.7 months, up from 2.9 months last September.
- Average Price: Properties in Sarnia-Lambton went for $517,800, a 3.3% decrease year-over-year.
- Sale to List Price Ratio: Properties sold at about 97.1% of their listing price, slightly down from 98.3% last year.
Neighborhood Breakdown:
Point Edward:
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- 5 active listings
- 1 sale at $340,000.
North End of Sarnia:
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- 84 properties on the market
- 5 conditionally sold
- 27 sales
- Average sale price: $587,000
South End of Sarnia:
- 81 listings
- 3 conditionally sold
- 33 sales
- Average sale price: $403,000
Bright's Grove:
- 17 listings
- 10 sales
- Average price: $683,000
Forest:
- 15 listings
- 2 conditionally sold
- 1 sale at $403,000
Plympton-Wyoming:
- 79 listings
- 4 conditionally sold
- 5 sales
- Average sale price: $494,000
Lambton Shores:
- 39 listings
- 3 conditionally sold
- 2 sales
- Average sale price: $752,000
Petrolia:
- 24 listings
- 1 conditionally sold
- 4 sales
- Average sale price: $463,000
St. Clair Township:
- 37 listings
- 4 conditionally sold
- 10 sales
- Average sale price: $521,000
Corunna:
- 20 listings
- 4 conditionally sold
- 6 sales
- Average sale price: $522,000
