The 1st Quarter Edition (January – March) 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 (Q1 2022):

  • Detached Home: $831,554
  • Semi-Detached Home: $650,807
  • Townhouse: $547,760
  • Condominium: $489,657

How Much Over Asking Are Homes Selling For? You should expect to pay approximately…

  • $178,000 over asking for a detached home
  • $127,000 over asking for a semi-detached home
  • $47,000 over asking for a townhouse
  • $41,000 over asking for a condominium unit

Calculated via [average sale price minus average list price].


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.


Number of Sales

Monthly

Quarterly

First quarter (Jan-Mar) year-over-year change from 2021 to 2022:

Detached Home: +7.1%
Semi-Detached Home: [no change]
Townhouse: +42.9%
Condominium: +75.0%


Sale Prices

Monthly

Missing inputs due to lack of sales or single outlier skewing the data.

Quarterly

First quarter (Jan-Mar) year-over-year change from 2021 to 2022:

Detached Home: +40.3%
Semi-Detached Home: +21.5%
Townhouse: +10.4%
Condominium: +39.9%


Price Per Square Foot ($/SQFT)

Monthly

Missing inputs due to lack of sales or single outlier skewing the data.

Quarterly

Missing inputs due to lack of sales or single outlier skewing the data.

First quarter (Jan-Mar) year-over-year change from 2021 to 2022:

Detached Home: +26.0%
Semi-Detached Home: +24.9%
Townhouse: +29.9%
Condominium: +64.6%


Percentage Sold Above Asking Price

Monthly

Missing inputs due to lack of sales or single outlier skewing the data.

Quarterly

First quarter (Jan-Mar) year-over-year change from 2021 to 2022:

Detached Home: +8.7%
Semi-Detached Home: +1.9%
Townhouse: +9.1%
Condominium: +5.2%


Days to Sell (Median)

Monthly

Missing inputs due to lack of sales or single outlier skewing the data.

Quarterly

  • The amount of days a home is selling in has remained fairly consistent, at about one week. This is largely due to listing agents scheduling a specific offer date, set for one week after the home goes on the market.

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 or Claxton Finn.

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


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