Brantford Real Estate and Community News

Oct. 4, 2018

Brantford Real Estate Market Report for September 2018

 
 

Hi,

Here is your Brantford Real Estate Market Report for the month of September 2018. We are taking a closer look at the detached single-family homes in the North End neighbourhoods, the West Brant area, and for the City of Brantford as a whole.

Brantford

The average sale price for a single-family detached home from all areas of Brantford in September 2018 was $402,988, which is up 5.82% or $22,149 higher than September 2017. There were 173 new listings of detached homes and 85 sales in the month, which gives us a sales-to-new listings ratio of 49.71% for September 2018. These numbers show that although the prices are up it was a balanced market for Brantford as a whole last month.

North End

The average sale price in Brantford’s North End neighbourhoods in September 2018 was $420,092, which is up 0.57% or $2,401 higher than September 2017. There were 42 new listings of detached homes and 25 sales in the month, which gives us a sales-to-new listings ratio of 59.52% for September 2018. That means that approximately 6 out of every 10 homes that were listed in the North End areas in the month of September were sold, indicating a fairly balanced market last month for the neighbourhoods in the North End areas of Brantford.

West Brant

The average sale price in the West Brant area in September 2018 was $524,012, which is up 14.71% or $67,216 higher than September 2017. There were 39 new listings of detached homes and 17 sales in the month, which gives us a sales-to-new listings ratio of 43.59% in September 2018. These numbers indicate that although the sale prices have gone up a fair bit compared to last year it was a balanced market in the West Brant area in September.

Terry's Take ...

 Click to See the Full Report
 
Below are highlighted properties for the Brantford Real Estate Market Report for September 2018. See more at the Full Report:
 
  Highlights  
 
Status: Just Sold
39 Jane Street, Paris, ON
$379,900
3 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 30687112

Status: Just Sold
96 Forsythe Avenue, Brantford, ON
$399900
4 BEDROOMS
2 BATHROOMS [ 2 FULL ]

Status: Active
70 McBay Road, Brantford, ON
$1199000
4 BEDROOMS
4 BATHROOMS [ 2 FULL, 2 HALF ]

Status: Just Sold
32 Grey Street, Brantford, Ontario
$279,900
2 BEDROOMS
1 BATHROOMS [ 1 FULL ]

Status: Just Sold
10 Sulky Road, Brantford, ON
$319900
3 BEDROOMS
1 BATHROOMS [ 1 FULL ]

Status: Active
568 Middle Townline Road, Princeton, Ontario
$579,900
5 BEDROOMS
1 BATHROOMS [ 1 FULL ]

 
See the Full Brantford Real Estate Market Report for September 2018
 
 
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Terry Summerhays
Sales Representative
Re/Max Twin City Realty Inc.
519-802-8770
Terry@TeamSummerhays.com
 
Information valid as of October 4, 2018. Please contact us for the most current information and status of these properties.
Oct. 2, 2018

The Terry Summerhays Team's End of Summer Event 2018

A Big Thank You to All of Our Valued Clients!

A great time was had this past Saturday at The Terry Summerhays Team's End of Summer Event at The Children's Safety Village of Brant. Thank you to all of our wonderful clients who were able to come out and enjoy the awesome live music performed by talented musician Darren Boudreau and the always delicious food from Strode's BBQ & Deli. The kids had a blast on the huge bouncy castle and slide from Ashlee's Bouncy Castles, getting their faces painted by Helena Stallman from Fantasy Faces by Helena(I was very impressed with the face painting), and driving the Jeeps around the Safety Village. Crazy drivers...Lol! Thank you to The Children's Safety Village of Brant for all of their help with our End of Summer Event and making it an amazing day! See you all at our "Pancake Breakfast with Santa" in December!

 

 

 

 

 

 

 

Sept. 4, 2018

Brantford Real Estate Market Report August 2018

Hi,

Here is your Brantford Real Estate Market Report for the month of August 2018 featuring the statistics for the detached single-family homes in the City of Brantford, the North End neighbourhoods, and the West Brant area. 

Brantford

The average sale price for a detached single-family home for all areas of Brantford in August 2018 was $424,681, which is 12.31% higher than August 2017. There were 169 new listings of detached homes and 113 sales in the month, which gives us a sales-to-new listings ratio of 66.86% for the month. That means that approximately 6.5 homes were sold for every 10 homes that were listed in August 2018, indicating a Seller's market for the City of Brantford as a whole. If you're curious about how much your home might be worth in this market, Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home.

North End

The average sale price in Brantford’s North End neighbourhoods in August 2018 was $450,465, which is up 7.85% compared to August 2017. There were 40 new listings of detached homes and 31 sales in the month, which gives us a sales-to-new listings ratio of 77.50% for August 2018. That means that almost 8 out of every 10 homes that were listed in the North End areas in the month of August were sold, indicating a strong Seller's market last month for the neighbourhoods in the North End areas of Brantford. Click Here to Check Out a few of the things we do to get Your Home Sold for Top Dollar!

West Brant

The average sale price in the West Brant area in August 2018 was $464,408, which is up 1.16% higher than August 2017. There were 33 new listings of detached homes and 31 sales in the month, which gives us a sales-to-new listings ratio of 93.94% for August 2018. That means that more than 9 homes were sold for every 10 homes that were listed in August 2018, indicating a very strong Seller's market last month in the West Brant area. 

Terry's Take on the Brantford Real Estate Market

The Brantford real estate market was strong in the month of August as the homes for sale in Brantford continue to be in high demand. The prices of homes in Brantford are still low compared to the surrounding areas which has resulted in a lot of out-of-town Buyers looking for a home in Brantford. Now is actually a great time to move up to a larger home because an interesting statistic is that the homes that are priced under $500,000 are experiencing a Seller's market, whereas the homes that are priced above $500,000 are in a Buyer's market. The "hottest" price range in the month of August was between $400,000 to $500,000, as almost 9 out of 10 homes listed in that price range in August were sold. 

If you are thinking about selling your home and you would like to get it sold fast and for an excellent price call Terry today at (519)802-8770 or Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home.

The Terry Summerhays Team's listings this year have sold with an average sale price that is 4.74% above the asking price, and 5.84% higher than the Brantford Regional Real Estate Association's average sale price in 2018. That's a lot more money in your pocket! Don't just settle for a sign on your lawn, Click Here to check out a few of the things we do to get Your Home Sold for Top Dollar!

If you are looking for a home in the Brantford area Click Here to View Today’s New Listings and to get more information about Brantford. The Terry Summerhays Team are a team of local real estate professionals who know the City of Brantford and surrounding areas inside and out. Contact us today for all of your real estate needs.

Thank you for your time and have a great day!

Terry

 

***Statistical information was compiled from data provided by the Brantford Regional Real Estate Association

Sept. 3, 2018

5 Reasons You Should Sell This Fall!

5 Reasons You Should Sell This Fall! | MyKCM

Here are five reasons why listing your home for sale this fall makes sense.

1. Demand Is Strong

Buyer demand remains very strong for the homes for sale in Brantford. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory is still low, especially in certain neighbourhoods. This means there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased.

Historically, a homeowner stayed in his or her home for an average of six years, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move and as home values continue to appreciate, more and more homeowners will be taking advantage of the opportunity to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The abundance of inventory available in these higher price ranges has created a buyer’s market for anybody looking to purchase these homes. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own at a discounted price!

Prices are projected to continue to appreciate over the next year so if you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life 

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you feel you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Sept. 2, 2018

A+ Reasons to Hire a Real Estate Professional

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make!
  • An experienced real estate professional can help you through the entire process.
  • Make sure you hire a local Brantford realtor who knows the current market conditions in Brantford and can simply and effectively explain them to you and your family!
Aug. 29, 2018

What Does the Future Hold for Home Prices?

What Does the Future Hold for Home Prices? | MyKCM

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

Let’s try to answer these questions based on what has happened in the past as well as what we know about the current real estate market.

The Impact of Rising Interest Rates

We explained earlier this year that rising mortgage rates have not negatively impacted home prices in the past and probably wouldn’t this time either. A leading mortgage company had stated:

“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

They were correct. So far this year, home values have continued to appreciate above normal historic percentages and it appears the gradual increase in rates has had little impact on prices.

The Impact of an Economic Slowdown

Many people fear that when the economy turns, we may see a depreciation in the home values in Brantford.

However, we recently reported that the same group of economists, real estate experts, and investment & market strategists predicted that house prices will continue to appreciate for the next five years.

It Comes Down to Supply and Demand

As always, home prices will be determined by the demand to purchase compared to the available inventory of homes for sale. For the last six years, demand has far exceeded the available supply which has resulted in the average annual appreciation to be far greater than the historic norm that we saw prior to the housing boom.

There have been small signs recently that inventory levels are starting to increase but they have not been able to keep up with the demand for the homes for sale in Brantford. However, if the inventory increases enough to begin to meet demand, then at that point we would see appreciation return to more normal levels. 

Aug. 16, 2018

5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths Explained | MyKCM

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting.

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: Although there are some buyers who fall in love and buy the first home they see, it is extremely rare as the average home buyer tours dozens of homes before they find a home they want to purchase.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes being shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire home buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses can give your home more exposure to potential buyers looking in your area but according to the National Association of Realtors only 1% of homes actually get sold as a result of an Open House. Keep in mind that the majority of homes are sold during regular showing appointments. If you are a serious buyer looking for a home, when you see a home you really like are you going to wait for an Open House or do you want to see that home right away?

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours, weeks, and sometimes several months deliberating over the decision to list their homes and move on with their lives/goals.

Bottom Line

Having an experienced real estate professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality! Call The Terry Summerhays Team today and let's get started!

Aug. 6, 2018

Brantford Real Estate Market Report for July 2018

 

Hi,

Here is your Brantford Real Estate Market Report for the month of July 2018. We are taking a closer look at the detached single-family homes in the City of Brantford as a whole, in the North End neighbourhoods, and in the West Brant area. There are not enough sales in the other neighbourhoods to be able to provide an accurate assessment of the activity in those areas.

Brantford

The average sale price for a detached single-family home for all areas of Brantford in July 2018 was $408,871, which is 2.51% higher than July 2017. There were 179 new listings of detached homes and 118 sales in the month, which gives us a sales-to-new listings ratio of 65.92% for the month. That means that 6.5 homes were sold for every 10 homes that were listed in July 2018, indicating a Seller's market for the City of Brantford as a whole. Are you curious about how much your home might be worth in this market? Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home.

North End

The average sale price in Brantford’s North End neighbourhoods in July 2018 was $451,082, which is up 6.78% compared to July 2017. There were 49 new listings of detached homes and 28 sales in the month, which gives us a sales-to-new listings ratio of 57.14% for July 2018. That means that almost 6 homes were sold for every 10 homes that were listed in the North End areas in the month of July, indicating a slight Seller's market last month for the neighbourhoods in the North End areas of Brantford. Click Here to Check Out a few of the things we do to get Your Home Sold for Top Dollar!

West Brant

The average sale price in the West Brant area in July 2018 was $520,009, which is up 0.27% higher than July 2017. There were 34 new listings of detached homes and 23 sales in the month, which gives us a sales-to-new listings ratio of 67.65% for July 2018. That means that almost 7 homes were sold for every 10 homes that were listed in July 2018, indicating a Seller's market last month in the West Brant area. 

Terry's Take on the Brantford Real Estate Market

The Brantford real estate market remained strong during the month of July as the homes for sale in Brantford are in high demand. The outlook for Brantford is very positive and the home prices in Brantford are still low compared to the surrounding areas. Terry presented multiple offers on several of our listings in the month of July. 

If you are thinking about selling your home now is a great time to get it sold fast and for an excellent price! Call Terry today at (519)802-8770 or Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home.

The Terry Summerhays Team is the #1 real estate team at RE/MAX Twin City Realty Inc. in Brantford and our listings this year have sold with an average sale price that is 4.74% above the asking price, and 5.84% higher than the Brantford Regional Real Estate Association's average sale price in 2018. That's a lot more money in your pocket! Click Here to check out a few of the things we do to get Your Home Sold for Top Dollar!

If you are looking for a home in the Brantford area Click Here to View Today’s New Listings and to get more information about Brantford. The Terry Summerhays Team are a team of local real estate professionals who know the City of Brantford and surrounding areas inside and out. Contact us today for all of your real estate needs.

Thank you for your time and have a great day!

Terry

 

***Statistical information was compiled from data provided by the Brantford Regional Real Estate Association

July 5, 2018

Brantford Real Estate Market Report for June 2018

Hi,

Here is your Brantford Real Estate Market Report for the month of June 2018. We have broken down the statistics to focus on the detached single-family homes in the City of Brantford as a whole, in the North End neighbourhoods and in the West Brant area. There are not enough sales in the other neighbourhoods to be able to provide an accurate assessment of the activity in those areas. 

Brantford

The average sale price for a single-family detached home for all areas of Brantford in June 2018 was $415,158, which is up 8.12% or an average of $31,166 higher than June 2017. There were 198 new listings of detached homes and 140 sales in the month, which gives us a sales-to-new listings ratio of 70.71% for the month. That means that 7 homes were sold for every 10 homes that were listed in June 2018, indicating a Seller's market for the City of Brantford as a whole. Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home.

North End

The average sale price in Brantford’s North End neighbourhoods in June 2018 was $488,538, which is up 15.96% or an average of $67,228 higher than June 2017. There were 57 new listings of detached homes and 48 sales in the month, which gives us a sales-to-new listings ratio of 84.21% for June 2018. That means that almost 8.5 homes were sold for every 10 homes that were listed in the North End areas in the month of June, indicating a very strong Seller's market last month for the neighbourhoods in the North End areas of Brantford. Click Here to Check Out a few of the things we do to get Your Home Sold for Top Dollar!

West Brant

The average sale price in the West Brant area in June 2018 was $459,033, which is down 1.17% or an average of $5,424 lower than June 2017. There were 42 new listings of detached homes and 24 sales in the month, which gives us a sales-to-new listings ratio of 57.14% for June 2018. That means that approximately 5.5 homes were sold for every 10 homes that were listed in June 2018, indicating a fairly balanced market for the month of June in the West Brant area. The inventory of homes in the West Brant area has been building up over the past few months which has given the Buyers more homes to choose from, and made it more competitive for the homes that are for sale.  

Terry's Take on the Brantford Real Estate Market

The Brantford real estate market is hot! The out-of-town Buyers are flocking to Brantford because the home prices in Brantford are still very attractive in comparison to the surrounding areas. I presented 15 Offers on a home last week and 9 of those Offers were from out-of-town Buyers. The Average Sale Price in Brantford last month was up 8.12% versus June 2017 and the high demand for homes for sale in Brantford has resulted in a lot of multiple Offer situations, especially in certain neighbourhoods and price ranges.

If you are thinking about selling your home now is a great time to get it sold fast and for an excellent price! Call Terry today at (519)802-8770 or Click Here to Contact Us Now for a Free, No Obligation Market Evaluation of Your Home. You can also Click Here to check out a few of the things we do to get Your Home Sold for Top Dollar!

If you are looking for a home in the Brantford area Click Here to View Today’s New Listings and to get more information about Brantford.

Thank you for your time and have a great day!

Terry

 

***Statistical information was compiled from data provided by the Brantford Regional Real Estate Association

June 22, 2018

Just Listed - 303 Nelson Street, Brantford, Ontario

$269,900 | 2 BEDROOMS | 1 BATHROOM

A beautifully renovated home on a quiet street that is close to parks, schools, shopping, restaurants and highway access. This lovely home has an inviting foyer for greeting your guests, an open concept and bright main floor featuring a cozy living room with attractive hand-scraped walnut flooring, pot lighting, crown moulding, arched walkways with bevelled corners, and a big bay window, a beautiful kitchen with soft-close cupboards, under cabinet LED lighting, ceramic and glass tile backsplash, a lazy Susan, and a breakfast bar. Click Here to View the Full Listing(if still available) with Large Photos and More Information. An immaculate 4pc. bathroom with tile flooring, tile backsplash, and a full shower insert with a ceramic and glass tile ceiling, an impressive oak staircase that takes you up to the unique loft with 4 sealed skylights that allow for lots of natural light, a window on each end for a nice cross breeze to pass through, more LED lighting, plenty of storage space in the knee walls that run the length of the roof on both sides, and an elegant office area. The full basement has a large exercise room, a workshop area, the laundry room, and more storage space. Patio doors at the back of the house with integrated aluminum blinds lead you out to a large pressure-treated deck with a cedar finish that will be a great space for entertaining with family and friends in the private backyard that is surrounded by decorative hedges and beautiful gardens. Click Here to View the Full Listing(if still available) with Large Photos and More Information. This amazing home has undergone 2 sets of renovations(one in 2012 and one in 2014) and has too many features and recent upgrades to list here but a comprehensive list of upgrades is available upon request. A perfect home for a first-time buyer or retiree sitting on a spacious corner lot in a great neighbourhood and with nothing to do but move in and enjoy! Call Terry today at 519-802-8770 to book a viewing before it’s gone!

Posted in Listings