Brantford Real Estate Market Report February 2018
 

Click on the "Click to see the full report" link below to watch the video with all of the key information about the Brantford Real Estate Market in February 2018.

Please find below a brief summary of a few of the statistics and information from the report:

The average sale price for a detached home in Brantford in February was up 5.62% or an average of $20,775 higher than it was in February 2017.

There were 29.46% fewer listings in Brantford last month versus February 2017.

72 detached homes were sold in the month of February 2018, and we had a sales-to-new listings ratio of 79.12%, indicating a strong Seller's market.

The absorption rate(explained further in the video) was 79.68%, meaning it would take a little over 3 weeks to sell or "absorb" the homes that are currently on the market. Whereas in the Buyer's market from 2008 the absorption rate was 18.13%, meaning it would take 5.52 months to sell or "absorb" the homes on the market at that time. As expected there is a significant difference between the strong Seller's market we are experiencing right now compared to the Buyer's market in 2008.

The low inventory levels, combined with the high demand for houses for sale in Brantford has resulted in upwared pressure on the sale prices of the homes for sale in Brantford, with several of the homes right now receiving multiple offers and selling for above their asking prices.

If you're curious about how much your home is worth in this market, or if you just want to know what's going on in your specific neighbourhood, feel free to send us a message or give us a call. You can call or text Terry's cell # at: 519-802-8770.

Thanks for watching and have a great day!


Terry

 Click to see the full report
 
Below are highlight properties for Brantford Real Estate Market Report February 2018. See more at the full report:
 
  Highlights  
 
Status: Just Sold
58 Kennedy Street, Brantford, ON
$389900
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 (3/4th) ]

 
See the Full Brantford Real Estate Market Report February 2018
 
 
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Terry Summerhays
Sales Representative
Re/Max Twin City Realty Inc.
519-756-8111
Terry@TeamSummerhays.com
 
Information valid as of March 3, 2018. Please contact us for the most current information and status of these properties.