March 2022 Housing Market Update.

 

 

There were 372 active listings in March 2022, and we had 157 sales & $84 million in volume.

 

Compare this to March 2021 where we had 188 sales, & $88 million in volume.

 

It took an average of 13 days to sell, versus March 2021 where it took 23 days to sell on average.

 

The Average sale price in March 2022 was $540,000 vs March 2021 where it was $470,000. Therefore, prices increased 15%.

 

Number of Sales by Price Range

 

5 sales: 0-200K

27 sales: 200-400K

48 sales: 400-600K

25 sales: 600K+

 

 

1st Quarter Stats for 2022

 

Average listing price : $465,000 vs $450,000 in 2021

 

Average sale price: $480,000 vs $430,000 in 2021

 

240 homes sold this quarter, vs 285 in 2021.

 

There were 300 new listings this quarter, vs 328 in 2021.

 

It took an average of 14 days to sell, vs 23 in 2021.

 

Individual Areas of Sarnia

 

Active listing count is a current snapshot… the count will change.

 

Sarnia North End:

Sales: 24

Sales Volume: $13.2 million

Average Sale Price: $550,000

Active Listings: 16

 

Sarnia South End:

Sales: 66

Sales Volume: $495 million

Average Sale Price: $490,000

Active Listings: 21

 

Bright’s Grove:

Sales: 6

Sales Volume: $5.4 million

Average Sale Price: $900,000

Active Listings: 4

 

Forest:

Sales: 3

Sales Volume: $1.3 million

Average Sale Price: $440,000

Active Listings: 6

 

Plympton-Wyoming:

Sales: 10

Sales Volume: $8.1 million

Average Sale Price: $810,000

Active Listings: 18

 

Petrolia:

Sales: 10

Sales Volume: Just under $5.7 million

Average Sale Price: $570,000

Active Listings: 1

 

Corunna:

Sales: 11

Sales Volume: Just under $6.8 million

Average Sale Price: $620,000

Active Listings: 4

 

St. Clair Township (excluding Corunna):

Sales: 3

Sales Volume: Just under $1.25 million

Average Sale Price: $420,000

Active Listings: 3