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:

• • 5 active listings
  • 1 sale at $340,000.

North End of Sarnia:

• • 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