Aerial Photography of Gray Houses

Hi Everyone,

Here is your Brantford Real Estate Market Report for the month of September 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 September 2019 was $439,412, which is up 9.30% compared to the average sale price of $402,496 for September 2018. There were 219 new listings of detached homes and 121 sales in the month, which gives us a sales-to-new listings ratio of 55.25% for the month of September. That means that 5 homes were sold for every 10 homes that were listed in the month, indicating a fairly balanced market for the City of Brantford as a whole. The number of sales were also up 35.96% in September 2019 compared to September 2018.

North End

The average sale price in Brantford’s North End neighbourhoods in September 2019 was $469,915, which is up 11.86% compared to the average sale price of $420,092 for September 2018. There were 49 new listings of detached homes and 29 sales in the month of September, which gives us a sales-to-new listings ratio of 59.18% for the month. That means that almost 6 out of every 10 homes listed in the month were sold, indicating a  slight Seller's market in the North End neighbourhoods last month. The number of sales in the North End areas were also up 16% in September 2019 compared to September 2018.

West Brant

The average sale price in the West Brant area in September 2019 was $527,457, which is up 3.92% compared to the average sale price of $507,537 for September 2018. There were 44 new listings of detached homes and 21 sales in the month of September, which gives us a sales-to-new listings ratio of 47.73% for the month. That means that almost 5 homes were sold for every 10 homes that were listed in the month, indicating a balanced market in the West Brant neighbourhoods last month. The number of sales were up 10.53% in the West Brant area for September 2019 compared to September 2018.

Terry's Take on the Brantford Real Estate Market

There were 25.14% more new listings that came on the market in September 2019 compared to September 2018, but the number of sales were also 35.96% higher in September 2019 vs. September 2018. Although the number of sales were up last month the real estate market in Brantford has balanced out a little bit. That being said, the average sale price went up again last month compared to 1 year ago as the demand for the homes for sale in Brantford remains strong, 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