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Breadcrumb Path Links Total yearly real estate sales broke through $600 million mark for the very first time in Sarnia and the rest of Lambton County in 2019 but the president of the Sarnia-Lambton Realty says she wasn't amazed. This Author of the post: Paul Morden Publishing date: Jan 10, 2020 January 10, 2020 2 minute checked out New homes are being built on Gianluca Opportunity in Sarnia.
That's below 83 the previous year. Photo by Paul Morden/ The Observer Article content Total yearly property sales broke through $600 million mark for the very first time in Sarnia and the rest of Lambton County in 2019 but the president of the Sarnia-Lambton Real Estate says she wasn't shocked.
" Every year we set a new record, and we have actually been regularly for 5 years." The $608. 6-million total for 2019 was up 10. 5 per cent, compared to a 9. 3 percent increase the previous year. Mathewson said the number of residential or commercial properties offered in your area in 2019 was 1,843 a boost of simply one per cent.
The overall worth of regional home sales in 2019 increased 10. 5 percent over the previous year. (PAUL MORDEN, The Observer) Image by Paul Morden/ The Observer The board said there were a total of 2,547 homes noted for sale throughout 2019, compared to 2,421 the previous year. Many areas of Lambton remain in a "high demand, low supply" scenario when it comes to houses on the market, Mathewson said.
Realty is cyclical and traditionally has peaks and valleys in the market, she said. "We have been on this peak for a long time." Mathewson stated the local economy remains strong and she expects the "constant growth" in realty to continue this year. 2019 ended with a hectic month of December, thanks to the mild weather, Mathewson said.
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