Thursday, 5 January 2017

Sarnia December Real Estate up 19 %.



Sarnia-Lambton's real estate market ended the year on a high note in December.

Real estate sales were up 19 per cent compared to December of 2015, according to a press release issued by the Sarnia-Lambton Real Estate Board Thursday.

December's total sales dollar volume also saw a 31 per cent increase compared to the same time in 2015.



***

Fuller coverage from Blackburn News and Jake Jeffrey.

The Sarnia-Lambton real estate market hit another record high in terms of volume sales in 2016.

While the number of properties sold was up just 1% at 1,967, the total dollar value reached an unprecedented $456-million, an increase of 11%.

Real Estate Board President Steve Park says the market is very stable.

“You’re not seeing a boom and bust idea, you’re seeing a very gradual trend in people investing in Sarnia and wanting to live in Sarnia,” says Park. “You have the boom and bust where things spike and then go down, Sarnia’s seen enough of that. Instead of that we’re seeing a more gradual investment in the Sarnia area.”

Listings were a concern, down 9% year-to-year.

Park says he’s hopeful that will improve in 2017.




Thanks for reading.


No comments:

Post a Comment