The economists at CoreLogic recently released a special report to determine the health of the housing market using home appreciation as a key indicator to show how prices over the last five years have fared from December 2012 to December 2017.
“Homeowners in the Brantford area experienced a run-up in prices from the early 2000s to 2008, and then saw the market level off in 2009. The home prices began a slow rise again in 2010 and 2011, before they really took off between the years 2013 through 2017.
Greater demand and lower supply has given the real estate market in Brantford a boost over the past 5 years as the average sale price for a detached home in Brantford has gone up a whopping 65.85% from the end of December 2012 to the end of December 2017”
Every day thousands of homeowners gain positive equity in their homes. Many homeowners are now experiencing values much higher than they could have ever anticipated. If you’re wondering if you have enough equity to be able to sell your house and move in to your dream home, let’s get together to discuss the market conditions in your specific neighborhood!
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