Brantford Real Estate and Community News

Dec. 3, 2018

Brantford Real Estate Market Report for November 2018

Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of November 2018 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 November 2018 was $398,388, which is 7.34% higher than November 2017. There were 103 new listings of detached homes and 82 sales in the month, which gives us a sales-to-new listings ratio of 79.61% for the month of November. That means that 8 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. 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 November 2018 was $424,311, which is up 0.25% compared to November 2017. There were only 16 new listings of detached homes but 38 sales in the month of November, which gives us a sales-to-new listings ratio of a whopping 237.50% for the month. That means that there were almost 2.5 times as many homes sold than were listed in the North End areas in the month of November, indicating an extreme Seller's market in the North End neighbourhoods last month. 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 November 2018 was $420,082, which is down 0.55% lower than November 2017. There were 29 new listings of detached homes and 11 sales in the month of November, which gives us a sales-to-new listings ratio of 37.93% for the month. That means that a little under 4 homes were sold for every 10 homes that were listed in November 2018, indicating a slight Buyer's market last month in the West Brant area. 

Terry's Take on the Brantford Real Estate Market

Looking at the numbers for the month of November, the key points to remember from the month are that the average sale price in Brantford is up 7.34% compared to last year, and while the number of listings are down there is still a high demand for the homes in certain neighbourhoods as the inventory levels are low in those areas. I'm finding that a lot of the homes are being overpriced right now which has resulted in those homes sitting on the market for extended periods of time while the homes that are priced correctly are getting a lot of interest and being sold fast at a great price! Basically what's happening is that the overpriced listings are helping the correctly priced listings sell faster and for more money. 

The Terry Summerhays Team's listings this year have sold with an average sale price that is 4.87% above the asking price, and 6.67% higher than the Brantford Regional Real Estate Association's average sale price in 2018, which is 98.2% of the asking price. When you're selling your home that's a lot more money in your pocket! 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.

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

Dec. 1, 2018

7 Reasons to List Your House For Sale This Holiday Season

7 Reasons to List Your House for Sale This Holiday Season | MyKCM

Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons NOT to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will still remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as a seller right now. Inventory of homes for sale traditionally slows in the late fall and early winter. Let’s take a look at listing inventory as compared to the same time last year:

7 Reasons to List Your House for Sale This Holiday Season | MyKCM

  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching for a home!
  2. The supply of listings will start to increase substantially after the holidays.

Bottom Line 

Waiting until after the holidays to sell your home probably doesn’t make sense when the right Buyer could be looking for your home right now! Call Terry today at 519-802-8770 to get your home sold for top dollar.

 

 

Nov. 24, 2018

The True Cost of NOT Owning a Home

The True Cost of NOT Owning Your Home | MyKCM

Owning a home has great financial benefits, yet many continue to rent!?! Today, let’s look at the financial reasons why owning a home of your own has been a part of the Canadian Dream for many.

“Buying remains the more attractive option in the long term – that remains the Canadian dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”

 

What proof exists that owning is financially better than renting?

1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:

  • Homeownership is a form of forced savings.
  • Homeownership provides tax savings.
  • Homeownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.

2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

3. Less than a month ago, we explained that a family that purchased an average-priced home at the beginning of 2016 could have built more than $100,000 in family wealth over that 2-year time period.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already factored into the rent payment – along with a profit margin!

Bottom Line

Owning your home has many social and financial benefits that cannot be achieved by renting. We can help you become a homeowner. Call Terry today at 519-802-8770 and let's make your dream of home ownership a reality!

 

 

Nov. 20, 2018

Buying A Home? Do You Know The Lingo?

 

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buying a home can be intimidating if you are not familiar with the terms used during the process.
  • To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
  • The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction so you always know what's going on. 

Call Terry at 519-802-8770 for a Free Over-the-Phone Consultation.

Nov. 18, 2018

Open House: 69 Four Seasons Drive Sunday, November 18th at 2pm-4pm

69 Four Seasons Drive  $399,900  North End Home Backing Onto A Park! A beautiful 3 bedroom, 2 bathroom home with a garage backing onto a huge park in a great North End neighbourhood. This lovely home features a bright living room for entertaining with laminate flooring, a large bay window, crown moulding and pot lighting, a stunning open concept eat-in kitchen with attractive backsplash, an island breakfast bar, a skylight and tile flooring, 3 bedrooms on the main floor, and a gorgeous 4pc. bathroom with a modern vanity and an impressive tiled shower. The finished basement boasts an amazing recreation room with plush carpeting, a cozy gas fireplace, lots of pot lighting, a spacious playroom for the kids, an office, and another immaculate 4pc. bathroom. Enjoy summer barbecues with family and friends in the private backyard that overlooks the park! Updates within the past 10 years include new roof shingles in 2015, a new asphalt double driveway in 2014, laminate flooring, kitchen cupboards, countertops and backsplash, tile flooring, both bathrooms, newly renovated basement, interlocking patio, landscaping, and more. The fridge, stove, dishwasher, washer, dryer, deep freezer, and Children’s Play Set are included. A wonderful home and neighbourhood to raise your family! Call Terry today at 519-802-8770 to view this beautiful North End home before it’s gone. **Note: 4 New Windows are on order and will be installed prior to closing(2 in the kitchen and 1 in each of the back bedrooms).

69 Four Seasons Drive, Brantford

FEATURING:

  • Beautiful Family Home Backing Onto A Park
  • Bright Living Room with a Large Bay Window
  • Open Concept Kitchen with Island Breakfast Bar 
  • Impressive Tiled Shower in Main Floor Bathroom
  • Amazing Recreation Room with Gas Fireplace
  • Spacious Games Room for the Kids to Play
  • Another 4pc. Bathroom in the Basement
  • Private Patio in the Fully-Fenced Backyard
  • Close to Schools, Parks, Shopping & All Amenities 

To schedule a tour of this home, Call or Text Terry at (519)802-8770.

 

Thinking about Selling Your Home this year or in 2019?

Click Here to Find Out How We Are Getting Our Clients More Money for Their Homes!

 

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.

To schedule a tour of this home, Call or Text Terry at (519)802-8770.

 

Thinking about Selling Your Home this year or in 2019?

Click Here to Find Out How We Are Getting Our Clients More Money for Their Homes!

Nov. 18, 2018

Open House: 168 Pusey Boulevard Sunday, November 18th at 2pm-4pm

168 Pusey Boulevard  $509,900  North End Beauty with In-Law Suite! A beautifully updated and spacious brick ranch with a double garage and a private in-law suite in a great North End neighbourhood that is close to parks, schools, shopping, highway access, and all amenities. This immaculate 4 bedroom, 4 bathroom home features an open concept main floor with a bright family room for entertaining, a formal dining area, a gorgeous kitchen with granite countertops, attractive backsplash, LED under-cabinet lighting and a breakfast bar, a modern 4pc. bathroom, generous-sized bedrooms, California shutters, hardwood flooring and more. The newly renovated basement boasts a spacious in-law suite with its own kitchen, a new 3pc. bathroom, a large recreation room with a corner gas fireplace, pot lighting, new flooring, and a generous-sized bedroom that enjoys a private 4pc. ensuite bathroom. The fully-fenced and beautifully landscaped backyard will make a perfect spot for enjoying summer barbecues with family and friends. Recent updates include new lighting fixtures, updated vinyl windows, LED lighting, 2 new bathrooms in the basement, an updated main floor bathroom, a new kitchen in the basement, new flooring, and more. A beautiful move-in ready home that will be perfect for extended family(or enjoy the huge recreation room for your own use) in a highly sought-after North End neighbourhood. Call Terry today at 519-802-8770 to book a viewing before it’s gone!

 

168 Pusey Boulevard, Brantford

FEATURING:

  • Beautifully Updated Brick Ranch in a Great Neighbourhood

  • Open Concept Main Floor with Hardwood Flooring

  • A Gorgeous Kitchen with Granite Countertops

  • Inviting Recreation Room with a Cozy Gas Fireplace

  • Spacious In Law Suite for Extended Family

  • Fully-Fenced Backyard for the Kids to Play

  • Close to Schools, Parks, Shopping, & Highway Access

To Book a Viewing for 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.

 

To Book a Viewing for 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!

Nov. 16, 2018

New Listing! A Beautiful North End Home 69 Four Seasons Drive $399,900

North End Home Backing Onto A Park! A beautiful 3 bedroom, 2 bathroom home with a garage backing onto a huge park in a great North End neighbourhood. This lovely home features a bright living room for entertaining with laminate flooring, a large bay window, crown moulding and pot lighting, a stunning open concept eat-in kitchen with attractive backsplash, an island breakfast bar, a skylight and tile flooring, 3 bedrooms on the main floor, and a gorgeous 4pc. bathroom with a modern vanity and an impressive tiled shower. The finished basement boasts an amazing recreation room with plush carpeting, a cozy gas fireplace, lots of pot lighting, a spacious playroom for the kids, an office, and another immaculate 4pc. bathroom. Enjoy summer barbecues with family and friends in the private backyard that overlooks the park! Updates within the past 10 years include new roof shingles in 2015, a new asphalt double driveway in 2014, laminate flooring, kitchen cupboards, countertops and backsplash, tile flooring, both bathrooms, newly renovated basement, interlocking patio, landscaping, and more. The fridge, stove, dishwasher, washer, dryer, deep freezer, and Children’s Play Set are included. A wonderful home and neighbourhood to raise your family! Call Terry today at 519-802-8770 to view this beautiful North End home before it’s gone. **Note: 4 New Windows are on order and will be installed prior to closing(2 in the kitchen and 1 in each of the back bedrooms).

69 Four Seasons Drive, Brantford

FEATURING:

  • Beautiful Family Home Backing Onto A Park
  • Bright Living Room with a Large Bay Window
  • Open Concept Kitchen with Island Breakfast Bar 
  • Impressive Tiled Shower in Main Floor Bathroom
  • Amazing Recreation Room with Gas Fireplace
  • Spacious Games Room for the Kids to Play
  • Another 4pc. Bathroom in the Basement
  • Private Patio in the Fully-Fenced Backyard
  • Close to Schools, Parks, Shopping & All Amenities 

To schedule a tour of this home, Call or Text Terry at (519)802-8770.

 

Thinking about Selling Your Home this year or in 2019?

Click Here to Find Out How We Are Getting Our Clients More Money for Their Homes!

 

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.

To schedule a tour of this home, Call or Text Terry at (519)802-8770.

Thinking about Selling Your Home this year or in 2019?

Click Here to Find Out How We Are Getting Our Clients More Money for Their Homes!

Nov. 3, 2018

Brantford Real Estate Market Report for October 2018

Hi,

Here is your Brantford Real Estate Market Report for the month of October 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 October 2018 was $411,718, which is 2.95% higher than October 2017. There were 185 new listings of detached homes and 107 sales in the month, which gives us a sales-to-new listings ratio of 57.84% for the month. That means that just under 6 homes were sold for every 10 homes that were listed in October 2018, indicating a fairly balanced market for the City of Brantford as a whole with a slight lean towards a Seller's market. 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 October 2018 was $438,941, which is up 13.76% compared to October 2017. There were 52 new listings of detached homes and 22 sales in the month, which gives us a sales-to-new listings ratio of 42.31% for October 2018. That means that approximately 4 out of every 10 homes that were listed in the North End areas in the month of October were sold, indicating a fairly balanced market last month for the neighbourhoods in the North End areas but closer to a Buyer's market than a Seller's market. 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 October 2018 was $487,737, which is down 1.19% lower than October 2017. There were 36 new listings of detached homes and 17 sales in the month, which gives us a sales-to-new listings ratio of 47.22% for October 2018. That means that a little under 5 homes were sold for every 10 homes that were listed in October 2018, indicating a balanced market last month in the West Brant area. 

Terry's Take on the Brantford Real Estate Market

The Brantford real estate market in the month of October 2018 saw an increase in the number of new listings(up 11.45% vs October 2017) but a decrease in the number of sales during the month(down 13.71% vs October 2017). However, the average sale price was up almost 3.0% vs October 2017 and in some neighbourhoods the average sale price was up a lot more than that. The homes that are being priced correctly are selling and when marketed aggressively those homes are selling above their asking prices, but I have noticed a lot of overpriced listings coming onto the market, which has a negative impact on the statistics because those homes will not sell without numerous price drops and they will eventually sell(if they even sell at all) for well below their original asking price. The reason these homes are being overpriced is a private discussion but if you would like to know the reason feel free to give me a call.

The Terry Summerhays Team's listings this year have sold with an average sale price that is 4.89% above the asking price, and 6.49% 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 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.

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

Oct. 31, 2018

20 Tips For Preparing Your House For Sale This Fall!

Call Terry at 519-802-8770 for some tips on what to do and what NOT to do to make sure you make the improvements that will give you the biggest bang for your buck!

Oct. 29, 2018

Will Home Prices Continue To Increase?

Will Home Prices Continue to Increase? | MyKCM

There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything greater than seven months will cause prices to depreciate (see the chart below).

Will Home Prices Continue to Increase? | MyKCMBottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. It is simply the theory of supply & demand working as it should. The demand for the houses for sale in Brantford remains strong with no signs of that changing in the near future, and hence the prices in Brantford shall continue to increase as more and more out-of-town buyers continue to move to Brantford.

 

 

Are you planning on making a move? Call Terry at 519-802-8770