Brantford Real Estate Market Update for August 2022
Here is your Brantford Real Estate Update for August 2022 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. *FYI: There aren't enough sales in each of the other individual neighbourhoods in Brantford to be able to provide information that would be a true reflection of what is happening in those neighbourhoods.
The average sale price for a detached home in Brantford has gone down by 23.56% compared to where the prices were at during the peak of the market this year, which was back in February. The # of home sales in Brantford were down 39.69% versus July 2021, and perhaps the most overwhelming stat is that the # of active listings on the market in Brantford has gone up by 234%, with 227 listings of detached homes compared to only 97 listings a year ago. Click here to check out the homes for sale in Brantford and Brant County.
The average sale price in Brantford’s North End neighbourhoods in July 2022 was $717,348, which is up by 0.57% compared to July 2021. There were 31.43% more new listings in the North End neighbourhoods last month but there were 45.16% fewer sales compared to a year ago.
The average sale price in the West Brant area in July 2022 was $799,383, which is down by 9.25% compared to the average sale price in July 2021. There were 50% more new listings in West Brant last month but there were 14.29% fewer sales compared to a year ago.
Call or Text The Terry Summerhays Team today at 519-802-8770 for a Free Home Valuation and Tips on How to Increase Your Home's Value!
Terry's Take on the Brantford Real Estate Market