Brantford Real Estate Market Update for April 2023
Posted by Terry Summerhays on Tuesday, April 4, 2023 at 10:41 AM By Terry Summerhays / April 4, 2023 Comment
***Watch the Video Above***
Here is your Brantford Real Estate Update for April 2023 with the statistics from last month for the detached residential homes in the City of Brantford, the North End neighbourhoods, and the West Brant area.
*Keep in mind there aren't enough sales in each of the other neighbourhoods in Brantford to be able to provide information that would be a true reflection of what is really happening in those neighbourhoods.
The sale price for a detached single family home in Brantford has gone down by an average of 19.08% compared to a year ago and there were 28.91% fewer sales in Brantford last month, but the market has picked up over the past few weeks and with the strong demand for the new listings of homes for sale in Brantford, the homes that are being priced and marketed effectively have been getting multiple offers and selling fast for an excellent price while the overpriced or poorly marketed homes are just sitting on the market.
The average sale price in Brantford’s North End neighbourhoods in March 2023 was $713,367, which is down by 21.74% compared to March 2022. There were 41.94% fewer new listings in the North End neighbourhoods last month and the number of sales in the North End areas were down by 36.84% compared to a year ago.
The average sale price in the West Brant area in March 2023 was $834,304, which is down by 14.23% compared to the average sale price in March 2022. There were 37.10% fewer new listings in West Brant last month versus a year ago but there were 14.29% more sales in the West Brant area.
Call The Terry Summerhays Team today at 519-802-8770 for a Free Home Valuation and Tips on How to Take Advantage of this Market!
Terry's Take on the Brantford Real Estate Market
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