Patrick Kavanagh KRI Property Group | May Real Estate Sales Soar Beyond $60M

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Sarnia-Lambton Real Estate sales hit an all-time monthly high of $66-million in May — $20-million more than the same month last year.

Real Estate Board President Steve Park says the dollar volume was boosted by some big sales, including a $5-million dollar farm and two other properties over $1-million.

“Volume wise, we had a record month,” says Park. “We’re up 44%,which is skewed a little bit because there was some very large sales last month, but overall the Sarnia market is very healthy. It’s very encouraging.”

A total of 240 properties sold in May, an increase of 14% over last year. Of the 259 active residential listings in the MLS system, 198 are single family homes, 204 of which were new in May.

Park says agents essentially sold all of Mays product and some of Aprils as well.

The highest number of residential sales was 47 in the $150,000 to $200,000 price range. The average sale price so far this year has climbed to over $256,000, compared to $225,000 last year.

For More Information: Melanie Irwin

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