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