Brantford Real Estate and Community News

Sept. 5, 2019

Brantford Real Estate Market Report for August 2019

Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of August 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 August 2019 was $441,100, which is up 4.03% compared to the average sale price of $423,995 for August 2018. There were 161 new listings of detached homes and 141 sales in the month, which gives us a sales-to-new listings ratio of 87.58% for the month of August. 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 sales were also up 24.78% in August 2019 compared to August 2018. If you're curious about your home's new value in this market, Click Here to Contact Us for a Free, No Obligation Market Evaluation of Your Home.

North End

The average sale price in Brantford’s North End neighbourhoods in August 2019 was $481,200, which is up 6.82% compared to the average sale price of $450,465 for August 2018. There were 39 new listings of detached homes and 38 sales in the month of August, which gives us a sales-to-new listings ratio of 97.44% for the month. That means that almost 10 out of every 10 homes listed in the month were sold, indicating a very strong Seller's market in the North End neighbourhoods last month. The number of sales in the North End areas were also up 22.58% in August 2019 compared to August 2018. Click Here to Find 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 2019 was $513,890, which is up 10.65% compared to the average sale price of $464,408 for August 2018. There were 33 new listings of detached homes and 26 sales in the month of August, which gives us a sales-to-new listings ratio of 78.79% for the month. That means that almost 8 homes were sold for every 10 homes that were listed in the month, indicating a strong Seller's market in the West Brant neighbourhoods last month. The number of sales were down 16.13% in the West Brant area for August 2019 compared to August 2018.

Terry's Take on the Brantford Real Estate Market

The month of August 2019 saw a 5.85% increase in the number of new listings that came on the market compared to August 2018, but we also experienced an even more significant 24.78% increase in the number of sales in Brantford last month. The statistics show that the Brantford real estate market remains strong with many of the homes that are marketed correctly receiving multiple offers as the demand for the houses in Brantford continue to drive the sale prices up, especially in certain neighbourhoods and price ranges. 

The Terry Summerhays Team's listings in 2018 sold with an average sale price that is 3.96% above the asking price, and averaged a 5.76% higher price 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 thinking about selling your Brantford 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.

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, 2019

A+ Reasons to Hire a Real Estate Pro

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 powerful decisions you can make.
  • A real estate professional has the experience to help you confidently navigate through the entire process.
  • Make sure you work with someone who knows the current market conditions and can simply and effectively explain them to you and your family.
Aug. 29, 2019

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids | MyKCM

When you have school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.

Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:

When Purchasing a Home

The major difference between the homebuyers who have children and those who do not is the importance of the neighbourhood. In fact, 53% said the quality of the school district is an important factor when purchasing a home, and 50% select neighbourhoods by the convenience to the schools.

Buyers with children also purchase larger, detached single-family homes with 4 bedrooms and 2 full bathrooms at approximately 2,110 square feet.

Furthermore, 26% noted how childcare expenses delayed the home-buying process and forced additional compromises: 31% in the size of the home, 24% in the price, and 18% in the distance from work.

When Selling a Home

Of those polled, 23% of buyers with children sold their home “very urgently,” and 46% indicated “somewhat urgently, within a reasonable time frame.” Selling with urgency can pressure sellers to accept offers that are not in their favor. Lawrence Yun, Chief Economist at NAR explains,

“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer.”

For sellers with children, 21% want a real estate professional to help them sell the home within a specific time frame, 20% at a competitive price, and 19% to market their home to potential buyers.

Bottom Line

Buying or selling a home can be driven by different priorities when you are also raising a family. If you’re a seller with children and looking to make a move, let’s get together to navigate the process in the most reasonable time frame for you and your family. Call Terry today at 519-802-8770 to schedule a free consultation.

 

Aug. 22, 2019

Thank You to All of Our Amazing Family, Friends, and Clients for Helping to Make Hope's Wish Come True!

A huge thank you to all of our awesome family, friends and clients for your continued support and referrals. With a portion of the commission from every home purchased and every home sold this year being donated to our Make A Wish fund, your business and referrals have made our Make A Wish goal a reality! On Tuesday, August 20th at the Leisure Days RV Centre in Ayr, Ontario something special happened. The Terry Summerhays Team and the Make A Wish Foundation Southwestern Ontario granted Hope's wish of having her very own camping trailer so she could go camping with her family. Hope is an amazing 5 year-old girl who is living with Cystic Fibrosis. She likes superheroes, tennis, basketball, and playing board games. We all wish for Hope and her family to enjoy their new camping trailer for many years and to create lasting memories together that they can cherish forever! Thank you again to all of our valued clients, family, and friends for helping us be able to make this happen for this wonderful family.

Aug. 22, 2019

Rent vs Own

Some Highlights:

  • Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
  • Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
  • Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

Call Terry today at 519-802-8770 and let us help you make home ownership a reality!

Aug. 19, 2019

5 Reasons to Sell Your Home this Fall

5 Reasons to Sell This Fall | MyKCM

Below are 5 compelling reasons listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is too low to keep up with the demand for the houses for sale in Brantford, meaning there are not enough homes for sale to satisfy the number of buyers. Don’t wait until additional inventory comes on the market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all 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 simpler, as buyers know exactly what they can afford before shopping for a home. 

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. Despite the low inventory levels in the low-to-medium price ranges, there is currently ample inventory for sale in the higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to take advantage of the excess inventory in the luxury or premium market.

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 waiting more important than being with family? Is waiting more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. 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.

Call The Terry Summerhays Team at 519-802-8770 and let's get started!

 

Aug. 15, 2019

Staging Techniques to Attract Better Buyers

by Dave Pankew for Realtor.ca

Highlighting a space's best features and making it feel lived-in but also universally livable is in the details. You need potential buyers to see themselves in the space—knowing that it is staged—but still get drawn into the fantasy of making it their own. Staging is a proven tactic for increasing the value of your home and getting it sold faster.

Clever staging in high-end markets is even more crucial, with some professionals spending upwards of $400,000 to attract the right buyer—but for good reason! That spend can make a million-dollar difference in the sale. That budget might seem like an outrageous stretch for your listing, but applying similar methodology to houses in the average buying bracket can have powerful results.

These staging tactics—some fairly standard (scent, lighting, curb appeal); some with more panache—could help you attract better buyers and sell your home for more.  

Universally livable

 

You're not just showing off the space, you're giving people a glimpse into the lifestyle they're buying. Potential buyers are more inspired to buy when they're able to see themselves in the home—so omit your family photos and personal keepsakes.

Personal items can be easily replaced with things like a cocktail making set, contemporary art or even a borrowed collection of rare vinyl. Just like in multi-million dollar listings, you want to fill your space with items that are desirable and aspirational.

Staging professionals have been known to replace personal family photos with striking landscapes and travel adventures. Some will even go as far as hiring actors and even pets to produce family photos to suggest a lifestyle to prospective buyers.

These tactics may seem a little extreme, but if you can think of simple ways to help the right buyers envision themselves in your space, you'll be off to a good start.

Rent a vintage or luxury vehicle

In one of the most expensive houses ever listed in the United States, the seller included a more than $30-million U.S. collection of classic and exotic cars, collectibles and even a helicopter.

Okay, that's an extreme example, but exotic and classic cars can be rented from businesses, rental apps or even local car owners to help strike a subconscious chord that gets buyers excited and attached to the listing. 

Add a bar

Multi-million dollar listings often have a wine cellar, complete with bottles on loan to impress buyers. 

Displayed properly, wine and spirits can help your listing punch above its weight class. If you are left with a variety of expensive bottles after the sale, you can put them towards a celebration in honour of all those who helped make it happen.

High-end staging gets results

In hot markets, staging might just mean a thorough cleaning and decluttering, but in other markets—especially in vacant or high-end properties—these extra details can have a greater impact.Taking these tactics and applying them yourself with the input of your REALTOR® could make a surprising difference in the sale of your home.

 

Aug. 9, 2019

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 shows like “Property Brothers,”Fixer Upper,” and “Love It or List It,” all in one sitting.

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

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love with and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search, and some homebuyers tour more than 50 homes before making a decision.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes 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 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! Although open houses can be helpful to gain additional exposure to buyers, they are a very small piece of the overall marketing of your home. Keep in mind, the majority of homes are sold during regularly scheduled showing appointments that were generated by aggressive online and social media marketing. 

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 deliberating the decision to list their homes and move on with their lives and 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 at 519-802-8770 to schedule a free consultation and let's get started.

 

Aug. 5, 2019

Buying a Home: Do You Know the Lingo?

Aug. 3, 2019

Brantford Real Estate Market Report For July 2019

Hi Everyone,

Is the real estate market in Brantford finally slowing down? No it is not! The market is hot and the demand for the homes for sale in Brantford remains strong. Here is your Brantford Real Estate Market Report for the month of July 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 July 2019 was $455,004, which is up 10.99% compared to the average sale price of $409,938 for July 2018. There were 213 new listings of detached homes and 135 sales in the month, which gives us a sales-to-new listings ratio of 63.38% for the month of July. That means that a little over 6 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 sales were up 15.38% in July 2019 compared to July 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 July 2019 was $464,493, which is up 2.97% compared to the average sale price of $451,082 for July 2018. There were 52 new listings of detached homes and 40 sales in the month of July, which gives us a sales-to-new listings ratio of 76.92% for the month. That means that a little more than 7.5 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 sales in the North End areas were up 42.86% in July 2019 compared to July 2018. Click Here to Find 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 2019 was $563,934, which is up 6.26% compared to the average sale price of $530,736 for July 2018. There were 46 new listings of detached homes and 29 sales in the month of July, which gives us a sales-to-new listings ratio of 63.04% for the month. That means that almost 6.5 homes were sold for every 10 homes that were listed in the month, indicating a Seller's market in the West Brant neighbourhoods last month. The number of sales were up 31.82% in July 2019 compared to July 2018.

Terry's Take on the Brantford Real Estate Market

The month of July 2019 saw an increase in the number of new listings that came on the market compared to July 2018, but also a substantial increase in the number of sales, especially in certain neighbourhoods. We also experienced an increase in the average sale price for a detached home in Brantford. The statistics from the month of July 2019 prove once again that the Brantford real estate market is hot as the strong demand for the houses for sale in Brantford continues to drive the sale prices up. 

The Terry Summerhays Team's listings in 2018 sold with an average sale price that is 3.96% above the asking price, and averaged a 5.76% higher price 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 thinking about selling your Brantford 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.

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