The 4th Quarter Edition (Oct-Dec) of our Stratford Market Report will examine:

• Number of Sales
• Average Sale Price
• Price Per Square Foot ($/SQFT)
• Days on Market
• List Price to Sale Price Ratio

Summary

Current Average Sale Prices (Q4 2022):

• Detached Home: $665,790
• Semi-Detached Home: $405,000
• Townhouse: $552,133
• Condominium: $387,000

1- Year Trends

Examined both Monthly & Quarterly

In Stratford, quarterly data is a much more accurate picture of the true market trends, due to the low number of sales in some months.

Average Sale Prices

Monthly

Quarterly

Fourth Quarter (Oct-Dec) year-over-year change from 2021 to 2022:

Detached Home: -12.1%
Semi-Detached Home: -17.3%
Townhouse: -7.2%
Condominium: -22.4%

Number of Sales

Monthly

Quarterly

Fourth Quarter (Oct-Dec) year-over-year change from 2021 to 2022:

Detached Home: -26.8%
Semi-Detached Home: -38.5%
Townhouse: +266.7%
Condominium: -25.0%

Price Per Square Foot ($/SQFT)

Monthly

Quarterly

Fourth Quarter (Oct-Dec) year-over-year change from 2021 to 2022:

Detached Home: +5.3%
Semi-Detached Home: +9.6%
Townhouse: N/A
Condominium: +37.9%

Percentage Sold Above Asking Price

Monthly

Quarterly

Fourth Quarter (Oct-Dec) year-over-year change from 2021 to 2022:

Detached Home: -118.1%
Semi-Detached Home: -114.1%
Townhouse: -109.8%
Condominium: -94.9%

Days to Sell (Median)

Monthly

Quarterly

• Detached and Semi-Detached homes have now increased to an average of 3 weeks on the market from 1 week at this time last year.
• Townhouses are selling on an average of 2-3 weeks compared to this time last year.
• Condos are staying fairly consistent and remain between 1 week to 2 weeks.

All statistics gathered independently from Huron Perth Association of REALTORS®.

This publication is not to be copied or duplicated without the express written permission of Roxanne Finn.

This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.