May 2022 Housing Market Update for Sarnia-Lambton

 

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475 active listings

 

May 2021: 221 sales, and $101.9 million in volume.

 

May 2022: 183 sales, and $101.8 million in volume.

 

38 fewer sales, but only $180 thousand dollars less in volume.




Average Number of Days to Sell:

 

May 2021: 14

 

May 2022: 16



Average sale price:

 

May 2021: $461,000

 

May 2022: $556,000

 

That's a 20% price increase on the average home

 



Months of Inventory

 

May 2021: 2 months of inventory

 

May 2022: 3 months of inventory



 

Number of Sales by Price Range:

9 sales: 0-200K

38 sales: 200-400K

67 sales: 400-600K

67 sales: 600K+

 

Flashback 5 Years Ago to May 2017

98 sales: 0-200K

95 sales: 200-400K

26 sales: 400-600K

8 sales: 600K+

 

Individual Areas of Sarnia

 

Sarnia North End:

Sales: 35

Sales Volume: $22.5 million

Average Sale Price: $643,000

Active Listings: 41

 

Sarnia South End:

Sales: 45

Sales Volume: $22.7 million

Average Sale Price: $504,000

Active Listings: 46

 

Bright’s Grove:

Sales: 10

Sales Volume: $6.75 million

Average Sale Price: $675,000

Active Listings: 7

 

Forest:

Sales: 4

Sales Volume: $1.5 million

Average Sale Price: $375,000

Active Listings: 3

 

Plympton-Wyoming:

Sales: 10

Sales Volume: $10.6 million

Average Sale Price: $1.06 million

Active Listings: 19

 

Petrolia:

Sales: 17

Sales Volume: $8.6 million

Average Sale Price: $506,000

Active Listings: 10

 

Corunna:

Sales: 10

Sales Volume: Just under $6.9 million

Average Sale Price: $690,000

Active Listings: 6

 

St. Clair Township (excluding Corunna):

Sales: 14

Sales Volume: $8.7 million

Average Sale Price: $621,000

Active Listings: 8

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