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Breadcrumb Trail Hyperlinks Overall annual realty sales broke through $600 million mark for the first time in Sarnia and the rest of Lambton County in 2019 but the president of the Sarnia-Lambton Property states she wasn't shocked. Author of the short article: Paul Morden Publishing date: Jan 10, 2020 January 10, 2020 2 minute read New houses are being developed on Gianluca Avenue in Sarnia.

That's down from 83 the previous year. Image by Paul Morden/ The Observer Short article material 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 Realty says she wasn't surprised.

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" Every year we set a brand-new record, and we have been consistently for 5 years." The $608. 6-million overall for 2019 was up 10. 5 percent, compared to a 9. 3 per cent increase the previous year. Mathewson said the variety of residential or commercial properties offered locally in 2019 was 1,843 an increase of simply one percent.

The overall worth of local home sales in 2019 increased 10. 5 per cent over the previous year. (PAUL MORDEN, The Observer) Picture by Paul Morden/ The Observer The board stated there were an overall of 2,547 homes noted for sale throughout 2019, compared to 2,421 the previous year. This Author of Lambton stay in a "high demand, low supply" situation when it concerns houses on the marketplace, Mathewson stated.

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Property is cyclical and typically has peaks and valleys in the market, she said. "We have actually been on this peak for a long time." Mathewson said the regional economy stays strong and she anticipates the "consistent development" in realty to continue this year. 2019 ended with a busy month of December, thanks to the mild weather condition, Mathewson stated.