***PLEASE WATCH THE VIDEO ABOVE***
Here is your Brantford Real Estate Update for April 2021 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 March 2021 was $665,732, which is up by 34.43% or a $170,493 increase in home values in Brantford compared to the average sale price of $495,239 in March 2020. The sales-to-new listings ratio was 79.21%, which means that almost 8 homes were sold for every 10 listings that came on the market, indicating a strong Seller's market in Brantford. The # of homes sold in Brantford was up 50.94% versus a year ago and the # of new listings that came on the market was up 27.85% compared to last year.
The average sale price in Brantford’s North End neighbourhoods in March 2021 was $725,478 which is up 40.84% or $210,387 compared to the average sale price of $515,091 in March 2020. The sales-to-new listings ratio in the North End areas last month was 79.55%, which means that 8 homes were sold in the North End neighbourhoods for every 10 new listings in the North End that came on the market, indicating strong Seller's market in the North End areas. There were slightly more sales in the North End neighbourhoods last month compared to a year ago.
The average sale price in the West Brant area in March 2021 was $757,014, which is up by 29.76% or $173,629 compared to the average sale price of $583,385 in March 2020. The sales-to-new listings ratio in West Brant for the month of March was 83.67%, which means that 8 homes in West Brant were sold for every 10 homes that came on the market, indicating a strong Seller's market in the West Brant areas. There were also almost twice as many sales in West Brant last month versus a year ago.
Terry's Take on the Brantford Real Estate Market
The Brantford real estate market had another strong month! There were 27.85% more new listings that came on the market as more people are taking advantage of this very strong Seller's market, but there were also 50.94% more sales compared to a year ago so the inventory of houses for sale in Brantford remains low. The home values in Brantford have increased significantly and you might be surprised by how much your home is worth in this market. The demand is simply too strong for the homes in Brantford and we can't keep enough homes on the market right now with the homes that are priced effectively and marketed aggressively receiving multiple offers and selling for well above their asking prices.
Our clients have been able to really capitalize on this strong Seller's 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 receiving more offers for their homes and hence a much higher sale price! Click Here or Call 519-802-8770 to learn more about our proven and aggressive Summerhays Selling System and why we have proven year after year to be able to sell your Brantford or Brant County home faster, easier, and for more money! *Ask us to show you the stats to prove it!
Your home may be worth more than you think! If you're curious to know how much your home is worth in this market Click Here.
Thank you for your time and have a great day!
***Statistical information was compiled from data provided by the Brantford Regional Real Estate Association