The Sarnia area housing market is heating up
with the spring weather.
In April, work began on 27 single family
homes, compared to the month’s average of 13 over the past decade.
Canada Mortgage and Housing Corporation
Market Analyst Anthony Passarelli says it’s due to supply in the resale market
not keeping up with demand.
“Currently in the region, and most parts of
Ontario, you see that there’s a really low supply of homes listed for sale
relative to the amount of buyers out there,” says Passarelli. “When that
happens, it makes it easier for new homes to be sold because there’s a shortage
of homes listed for sale.”
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| Zach Neal photo. |
From Melanie Irwin, Blackburn
News.
Sarnia-Lambton’s real estate market surpassed
the $40-million mark for the first time this year in March.
A total of 180 properties worth nearly
$44.9-million sold, which is up from February’s $34.8-million.
Real Estate Board President Steve Park says
MLS listings dropped 11% for the month and 1% for the year.
“In the past it’s always been sell your house
and we’ll find some place for you,” says Park.
“Now, you want to concentrate
more on finding where you’re going and then putting your house on the market.
More than likely, if you use the proper agencies and use the proper listing
structures, you will sell it. Without a doubt.”
Thank you for reading.