August 9, 2018 - Melanie Irwin, Blackburn News SarniaSummer heat hasn�t cooled Sarnia-Lambton�s real estate market with the value of sales almost hitting $60-million in July.Real Estate Board President Steve Park says 162 properties sold, up almost 5% compared to the same month last year, and inventory has improved.�Listings are up 20%, so we�re not having a cooling of the market, but what we�re having is the product out there being more available,� says Park. �That product is available right from the $100,000 property all the way up to the million dollar properties.�Of the 208 active residential listings in the MLS system, 192 are single family homes, 202 of which were new in July.�In July, historically, people are out doing things. People are at soccer, people are going on vacations, so we tend to have people close their houses in the summer as opposed to buy a house. Whereas in July of this year, we�re up 20%.�The highest number of residential sales was 17 in the $240,000 to $260,000 price range.The average sale price so far this year is about $310,000.
