Brantford Real Estate and Community News

March 22, 2019

New Listing! 9 Humberstone Avenue, Brantford, Ontario

A Rare Find! A beautiful 2,279 sq.ft. brick ranch with a double garage on a quiet cul-de-sac sitting on a private 0.46 acre lot that looks out to the ravine in a highly sought-after neighbourhood. This lovely home has a sprawling main floor featuring an inviting family room for entertaining with a gas fireplace, built-in shelving and lots of windows, a bright kitchen with plenty of cupboard and counter space, a breakfast bar, pot lighting, and a window looking out to the front yard, a formal dining room for family meals with crown moulding and attractive laminate flooring, a computer nook, generous-sized bedrooms, immaculate bathrooms, a convenient main floor laundry, a sun room, a hot tub room, and a spacious sitting room with a bay window and doors leading out to the large deck and flagstone patio in the beautifully landscaped backyard where you’ll find stunning views of the ravine. The basement boasts a huge games room that will be a perfect area for the kids to play, a cozy recreation room with a gas fireplace, a large workshop area, a massive storage room, and more. Enjoy the best of both worlds as it feels like you’re living out in the country yet you’re also close to parks, schools, shopping and highway access. Recent updates and features include new roof shingles in 2018, most windows have been updated, new deck in the backyard in 2018, new laminate flooring in 2012, new front door in 2014, in ground sprinkler system, water softener, central vacuum system, speaker wire under the carpeting in the living room for a surround sound system, and more. Call Terry today at 519-802-8770 to book a viewing for this beautiful property before it’s gone!

9 Humberstone Avenue, Brantford, ON

FEATURING:

  • Beautiful & Spacious 2,279 sq.ft. Brick Ranch
  • Located On A Quiet, Tree Lined Cul-de-Sac 
  • A Bright Kitchen With Lots of Cupboard Space
  • Inviting Living Room with a Cozy Gas Fireplace
  • Formal Dining Room with Attractive Flooring
  • Enclosed Hot Tub Room Off the Sun Room
  • Large Backyard with Stunning Views of the Ravine
  • Private Backyard with a Large Deck for Entertaining
  • Close to Schools, Parks, Shopping & Walking Trails

To Check Out the Photos, CLICK HERE

 

If you would like to be one of the FIRST to schedule a tour of this home, Call or Text Terry at (519)802-8770.

 

Why Live in Brantford, Ontario?

Welcome to Brantford, Ontario. The City of Brantford was recently ranked as the best city in Canada to buy real estate, according to the latest annual MoneySense ranking for Where to Buy Now as featured by Macleans. Brantford is a thriving city in southwestern Ontario with a small town feel while offering all the modern-day conveniences you will find in a much larger city, and easy access to Highway 403 and Highway 24. Known as the “Telephone City” thanks to Brantford resident Alexander Graham Bell’s invention of the telephone, and of course famous for being the hometown of the world’s greatest hockey player of all time “The Great One” Wayne Gretzky. Brantford has won the internationally acclaimed Communities in Bloom award for its beautiful parks and elaborate flower gardens, and the city has some amazing walking trails and biking trails along the Grand River. You can find more information about Brantford here, or Call Terry at (519)802-8770 because The Terry Summerhays Team are local Brantford realtors who were born and raised in Brantford and know the City of Brantford and surrounding areas inside and out.

If you would like to be one of the FIRST to schedule a tour of this home, Call or Text Terry at (519)802-8770.

 

Thinking of Selling Your Home?

Click Here to check out a few things we do to Sell Your Home for Top Dollar!

March 6, 2019

The Housing Market Will “Spring Forward” This Year!

The Housing Market Will “Spring Forward” This Year! | MyKCM

 

Just like our clocks this weekend, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market because many potential sellers believe that waiting until Spring is best.

Traditionally, they would have been right. Buyer demand has seasonality to it and demand normally falls off in the winter months, especially when there is lots of snow and cold weather. However, that hasn't happened this year.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have held steady. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.

It has been recently reported that in 2018 the top 10 dates sellers listed their homes on all fell in April, May, or June. Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers and they won't need to compete against as many other similar properties.

Bottom Line

If you are planning on selling your home in 2019, call Terry at 519-802-8770 to evaluate the opportunities in the market and your best options based on your needs and time frame.

March 5, 2019

Brantford Real Estate Market Report for February 2019

Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of February 2019 with 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 February 2019 was $420,370, which is up 7.91% compared to the average sale price of $389,567 for February 2018. There were 88 new listings of detached homes and 78 sales in the month, which gives us a sales-to-new listings ratio of 88.64% for the month of February. That means that almost 9 homes were sold for every 10 homes that were listed in the month, indicating a strong Seller's market for the City of Brantford as a whole. The number of new listings in Brantford were down 3.30% but the number of sales were up 9.86% in February 2019 vs February 2018. If you're curious about your home's new value 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 February 2019 was $452,598, which is up 4.58% compared to the average sale price of $432,793 for February 2018. There were 28 new listings of detached homes and 23 sales in the month of February, which gives us a sales-to-new listings ratio of 82.14% for the month. That means that approximately 8 out of every 10 homes listed in the month were sold, indicating a strong Seller's market in the North End neighbourhoods last month. The number of new listings  in the North End areas were up 27.27% and the number of sales were up 27.78% in February 2019 compared to February 2018. 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 February 2019 was $539,700, which is up 25.36% compared to the average sale price of $430,533 for February 2018. There were 8 new listings of detached homes and 10 sales in the month of February, which gives us a sales-to-new listings ratio of 125.00% for the month. That means that more homes were sold in February than were actually listed in the month, indicating a very strong Seller's market in the West Brant neighbourhoods last month. The number of new listings in West Brant were down 68.00% and the number of sales were down 16.67% in February 2019 vs February 2018.

Terry's Take on the Brantford Real Estate Market

The demand remains strong for the houses for sale in Brantford as both local and out-of-town buyers are actively looking for a home in Brantford. The result has been an increase in the average sale price compared to last year, and an increase in the number of sales in most of the neighbourhoods in Brantford. Keep in mind that the statistics for the West Brant area are slightly skewed due to the fact that there were only 10 sales last month. As the weather starts to improve and we head into the Spring market I anticipate the demand for housing in Brantford to intensify, which will represent a great opportunity for Brantford homeowners to capitalize on the market and maximize the sale price for their home. 

The Terry Summerhays Team's listings in 2018 sold with an average sale price that is 3.96% above the asking price, and 5.76% higher than the Brantford Regional Real Estate Association's average sale price in 2018, which was 98.2% of the asking price. Simply put, We Sell Homes for More Money!! When you're selling your home, how much would an extra 5.76% on your sale price (and in your pocket) be worth to you? Don't just settle for a sign on your lawn, Click Here to find out why and how we sell our listings for MORE MONEY!!

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.

Are you thinking about buying a home in Brantford? 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. We know if a home is in a good neighbourhood or not, and we have the local knowledge and expertise to be able to advise our clients on whether or not the price of a home is too high, a fair price, or a great price. Contact us today for all of your real estate needs and receive the exceptional service and expertise that you deserve!

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

Feb. 28, 2019

What are the Benefits of Becoming a Homeowner?

 

What are the Benefits of Becoming a Homeowner? | MyKCMEvery family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in North America, this list also includes the day they became a homeowner for the first time!

Why is this date important to so many people? It's because home ownership is not just a roof over your head, it represents shelter, stability, wealth, and pride! For decades, home ownership has been an important part of the North American Dream.

However, many people these days question if the next generations can see the same benefits of home ownership as their predecessors.

In case we have forgotten, here are some of the benefits of home ownership:

Non-Financial Benefits

1) Educational Achievement: Home ownership has a positive impact on academic achievement, including reading and math performance in children 3-12 years old.

2) Civic Participation: “Owning a home means owning a part of the neighborhood.” Homeowners have a stronger connection to their neighborhood and are more committed to volunteering.

3) Health Benefits: Adjusting for a range of demographic, socioeconomic and housing-related characteristics, homeowners have a substantial health advantage over renters.

4) Public Assistance: The report shows 47% of homeowners use their home equity credit lines to help pay other debts, diminishing their need for public assistance.

5) Property Maintenance and Improvement: A well-maintained home not only generates benefits through consumption and safety, but a high-quality structure also raises mental health.

6) Pride of Ownership: This place is uniquely “yours", which means you can customize it according to your likes and personality.

In addition to financial benefits, home ownership also brings significant social benefits. These not only pertain to the family, but extend to the communities, the province, and the country!

Financial Benefits

Buying a home is an investment in your future!

  1. Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.
  2. Forced Savings: Your mortgage is like a forced savings plan! With each payment, you are reducing the principal of your loan.
  3. Home Equity: Home ownership builds equity every single month. You can later use that equity to start a business, send your children to college, etc...
  4. Net Worth: A homeowner's net worth is on average 44x greater than renters! This gives you the financial freedom to invest in other opportunities.
  5. Stability: Rent prices increase 4% annually! A fixed mortgage payment allows you to save for future projects and guard against inflation.
  6. Tax Benefits: The government has created tax benefits to encourage customers to purchase. (Talk to your CPA to see which benefits apply to you).

Bottom Line

Home ownership has been and will always be part of the North American Dream! There are many financial and non-financial benefits to take advantage of when owning a home. If you would like to become a homeowner contact The Terry Summerhays Team at 519-802-8770 and we will help you with the process!

Feb. 27, 2019

3 Tips for Making Your Dream of Buying A Home Come True

 

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it.
  • Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you back.
  • What are you willing to cut back on to make your dreams of homeownership a reality?
Feb. 14, 2019

5 Reasons to Love Using A Real Estate Professional

 

5 Reasons to Love Hiring A Real Estate Pro [INFOGRAPHIC] | MyKCM

Highlights:

  • Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you will ever make!
  • An experienced realtor is there to help you with the contracts, explaining the process of buying and/or selling a home, negotiations, and pricing (both when making an offer or setting the right price for your home).
  • One of the top reasons to hire a local real estate professional is their extensive knowledge of your local Brantford real estate market and how the conditions in your specific neighborhood will impact your experience.
Feb. 11, 2019

Thinking of Selling Your House? This is a Perfect Time!

It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year.

The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The three months in the second quarter of the year are consistently the most popular months for sellers to list their homes on the market.

Last year, the total number of homes available for sale nationally in the month of January was 1,520,000. That number spiked to 1,870,000 by May! That's 23% more homes on the market! What does this mean to you? With the national job situation improving and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now.

Bottom Line: If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers. Beat the rush of housing inventory that will enter the market and list your home today! Call Terry today at 519-802-8770 to find out what the best options are for you based on your situation. 

Feb. 7, 2019

Days On Market: Here's How Long It Will Take You "On Average" To Sell A House In 63 Canadian Markets

It takes less time to sell a house in quiet Maritime markets than it does in bustling Montreal. By Daniel Tencer

A row of houses reflected in a pond in Calgary, Alta.

AGINEGOLF VIA GETTY IMAGES
A row of houses reflected in a pond in Calgary, Alta.

Please find below an interesting article that we came across recently. Keep in mind that the days on market in this article may be taking into account every type of property or excluding certain types of properties because the Days on Market for the detached single-family homes that actually sold in Brantford, Ontario in 2018 was 26 days.

We've been hearing from our readers lately that real estate news focuses too much on Toronto and Vancouver and not enough on the rest of the country. This is a legitimate point. Both within the industry and among the public, there's been a fascination with these two markets. And there's some reason for that. As recently as 2015, the Toronto and Vancouver metro areas accounted for 29 per cent of all home sales in Canada. But with the recent slowdown in those cities, they're becoming less important to the overall market, accounting for only 22 per cent of sales in 2018. So it's time to take a look at what's going on in all those other markets that aren't Toronto or Vancouver. In the coming weeks, we'll be featuring stories on conditions in Canada's smaller and medium-sized markets — or at least as much data as we can find, because there are often gaps in those smaller communities. This week we are drilling down through Canadian Real Estate Association statistics to see just how long it takes to sell a house in the many varied markets across the country. Despite a sharp slowdown in home sales across southern Ontario in recent months, these cities are still the places where houses "fly off the shelves," as it were, at breakneck speed. The shortest time period in the country is in Windsor (yes, population-of-200,000 Windsor), where it typically takes 12 days to sell a house. Compare that to 134 days in Saguenay, Que., the longest period reported by any real estate board in Canada. In fact, the bottom of the list is dominated by municipalities in Quebec. Even Montreal, which had the strongest housing market among major cities in 2018, has a 74-day average selling time, compared to 23 days in Toronto and 56 in Greater Vancouver, which had far weaker housing markets in the past year. It takes less time to sell a house in most Maritime cities than it does in a bustling Montreal. Go figure.This isn't just about economics; there is something cultural going on here. Maybe that old trope that English Canadians are always in a hurry and French Canadians like to take their time has something to it. And it's also about the markets' legacy, or what people are accustomed to. After years of competitive housing markets, Ontarians are used to making these decisions quickly. Meanwhile, decades of a moribund housing market have made "fear of missing out" a nearly unheard-of phenomenon in Quebec. Looking at Montreal's housing market, which continues to be affordable after years of strong demand, while Toronto and Vancouver struggle with record levels of unaffordability, I can't help but think that Quebecers may be on to something here. But there is one other factor to consider: Recycled listings. Realtors in some parts of the country are taking houses off the market and re-listing them, to make the listing look "fresh." That can distort the numbers. It's unlikely this is making a huge difference in these numbers, but something to keep in mind. Here are the average days on market for houses across Canada. *For markets that distinguish between condo and detached home data, the number is for detached homes. Only province-wide numbers were available for Nova Scotia and P.E.I. Data was missing for some communities, particularly in B.C.

Days On Market: Here's How Long It Will Take You To Sell A House In 63 Canadian

Feb. 4, 2019

The KonMari Method: Helping You Prep Your House For Sale

 

The KonMari Method: Helping You Prep Your House For Sale | MyKCM

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house. Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes. “The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.” When you subjectively look at all of your belongings, you can sort through the ones that mean the most to you. Not only will you increase space for more joy-bringing items in your new home, but you will also have a much easier time packing the remaining belongings! “Remember, tidying up isn't about getting rid of stuff. It is about creating an environment that sparks happiness and improves your quality of life.” When selling your house, first impressions matter! Before you or your agent schedule a photographer to take photos for your listing, make sure to tour your home with fresh eyes. Look for any imperfections that a buyer might notice. When you sort through your more sentimental items, consider packing them away to ensure that you know where they all are. That way, they are safe during open houses and showing appointments. This will also cut down on the amount of packing you need to do right before you move!

Bottom Line: Whether you are selling your house to move up to a larger one, downsizing, or moving in with family, only bring the items that truly spark joy for you. This will not only help cut down on the items you move, but also ensures that you’re off to a great start in your new home!

Feb. 3, 2019

Brantford Real Estate Market Report for January 2019

Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of January 2019 with 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 January 2019 was $402,678, which is down 2.68% compared to the average sale price of $413,775 for January 2018. There were 111 new listings of detached homes and 72 sales in the month, which gives us a sales-to-new listings ratio of 64.86% for the month of January. That means that 6-7 homes were sold for every 10 homes that were listed in the month, indicating a Seller's market for the City of Brantford as a whole. The number of new listings in Brantford were up 12.12% and the number of sales were up 26.32% in January 2019 vs January 2018. If you're curious about your home's value 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 January 2019 was $425,578, which is up 4.51% compared to the average sale price of $407,216 for January 2018. There were 29 new listings of detached homes and 18 sales in the month of January, which gives us a sales-to-new listings ratio of 62.07% for the month. That means that approximately 6 out of every 10 homes listed in the month were sold, indicating a Seller's market in the North End neighbourhoods last month. The number of new listings  in the North End areas were down 3.33% and the number of sales were down 5.26% in January 2019 compared to January 2018. 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 January 2019 was $455,495, which is down 12.38% compared to the average sale price of $519,850 for January 2018. There were 20 new listings of detached homes and 19 sales in the month of January, which gives us a sales-to-new listings ratio of 95.00% for the month. That means that 9-10 homes were sold in January for every 10 homes that were listed in the month, indicating a very strong Seller's market in the West Brant neighbourhoods last month. The number of new listings in West Brant were up 5.26% and the number of sales were up 35.71% in January 2019 vs January 2018.

Terry's Take on the Brantford Real Estate Market

The month of January is typically a slower month with everyone recuperating after Christmas and New Year's and the busy holiday season. However, I found that there was a lot more activity in January this year compared to previous years as Sellers were wanting to get their homes on the market and Buyers were wanting to go out to view properties. The average sale price in Brantford was down slightly last month versus January 2018 but the number of new listings went up 12.12% and the number of sales went up 26.32% compared to last year. There are still a significant amount of out-of-town Buyers who are buying properties in Brantford as the demand for the houses for sale in Brantford remains strong, and the homes that are priced correctly and marketed aggressively are selling quickly and for an excellent price.  

The Terry Summerhays Team's listings in 2018 sold with an average sale price that is 3.96% above the asking price, and 5.76% higher than the Brantford Regional Real Estate Association's average sale price in 2018, which was 98.2% of the asking price. Simply put, We Sell Homes for More Money!! When you're selling your home, how much would an extra 5.76% on your sale price (and in your pocket) be worth to you? Don't just settle for a sign on your lawn, Click Here to find out why and how we sell our listings for MORE MONEY!!

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.

Are you thinking about buying a home in Brantford? 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. We know if a home is in a good neighbourhood or not, and we have the local knowledge and expertise to be able to advise our clients on whether or not the price of a home is too high, a fair price, or a great price. Contact us today for all of your real estate needs and receive the exceptional service and expertise that you deserve!

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