Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of October 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 October 2019 was $441,247, which is up 7.60% compared to the average sale price of $410,072 for October 2018. There were 171 new listings of detached homes and 120 sales in the month, which gives us a sales-to-new listings ratio of 70.18% for the month of October. That means that 7 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 also up 10.09% in October 2019 compared to October 2018.

North End

The average sale price in Brantford’s North End neighbourhoods in October 2019 was $487,038, which is up 8.70% compared to the average sale price of $448,071 for October 2018. There were 67 new listings of detached homes and 45 sales in the month of October, which gives us a sales-to-new listings ratio of 67.16% for the month. That means that almost 7 out of every 10 homes listed in the month were sold, indicating a Seller's market in the North End neighbourhoods last month. The number of sales in the North End areas were also up 45.16% in October 2019 compared to October 2018.

West Brant

The average sale price in the West Brant area in October 2019 was $471,829, which is down 3.12% compared to the average sale price of $487,033 for October 2018. There were 33 new listings of detached homes and 24 sales in the month of October, which gives us a sales-to-new listings ratio of 72.73% for the month. That means that almost 7 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 50% in the West Brant area for October 2019 compared to October 2018.

Terry's Take on the Brantford Real Estate Market

The real estate market has been strong in Brantford with more homes selling last month than there were new listings coming on the market. It's a perfect scenario right now for those of you who are thinking about trading up to a larger home because you can sell in the lower price points where there are lots of Buyers competing for your home, but then you can buy in the higher price points where there is not as much competition. Perhaps it's time for you to move up to the home that you've always wanted. 

The Terry Summerhays Team's listings this year have sold with an average sale price that is 3.04% above the asking price, and averaged a 4.24% higher sale price than the Brantford Regional Real Estate Association's average sale price in 2019. Simply put, We Sell Homes for More Money!! When you're thinking about selling your Brantford home, how much would an extra 4.24% 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