November 2023 Housing Market Update for Sarnia-Lambton

 

November 2023 Housing Market Update

 

 

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

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