***PLEASE WATCH THE VIDEO ABOVE***
Here is your Brantford Real Estate Update for October 2020 with the statistics from last month for the detached residential homes in the City of Brantford, the North End neighbourhoods, and the West Brant area.
The average sale price for a detached single-family home for all areas of Brantford in September 2020 was $530,612, which is up by 20.21% or $89,201 higher compared to the average sale price of $441,411 in September 2019. The sales-to-new listings ratio in September was 94.41%, which means that 9 homes in Brantford were sold for every 10 homes that were listed, indicating a very strong Seller's market last month.
The average sale price in Brantford’s North End neighbourhoods in September 2020 was $582,815, which is up 24.03% or $112,900 compared to the average sale price of $469,915 in September 2019. The sales-to-new listings ratio in the North End areas last month was 128.95%, which means that almost 13 homes were sold in the North End neighbourhoods for every 10 new listings in the North End that came on the market, indicating a super-charged Seller's market in the North End areas with more homes selling than there were homes coming on the market during the month.
The average sale price in the West Brant area in September 2020 was $642,980, which is up by 21.90% or $115,523 compared to the average sale price of $527,457 in September 2019. The sales-to-new listings ratio in West Brant for the month of August was 89.29%, which means that almost 9 homes in West Brant were sold for every 10 homes that came on the market, indicating a very strong Seller's market in the West Brant areas.
Terry's Take on the Brantford Real Estate Market
Despite the fact that we had 25.81% fewer listings come on the market in September, we ended up with 26.67% more sales last month compared to a year ago. All areas in Brantford were strong but the North End neighbourhoods were going crazy with more homes selling than there were homes coming on the market as the high demand for the houses for sale in Brantford continues to outpace the supply of homes that are available for sale.
Our clients have been able to really take advantage of this market with the additional exposure we've been getting for their homes thanks to our aggressive Summerhays Selling System which has resulted in our clients being able to receive multiple offers and to sell their homes for well above their asking prices, even setting record-high sale prices for their neighbourhoods! Click Here or Call 519-802-8770 to learn more about our proven and aggressive Summerhays Selling System and why we can sell your Brantford home faster, easier, and for more money!
Thank you for your time and have a great day!
***Statistical information was compiled from data provided by the Brantford Regional Real Estate Association