Brantford Real Estate Market Update for February 2023
Posted by Terry Summerhays on Saturday, February 4, 2023 at 12:33 PM
By Terry Summerhays / February 4, 2023
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***Watch the Video Above***
Hi Everyone,
The month of January seemed to fly by this year! Here is your Brantford Real Estate Update for February 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.
Brantford
The sale price for a detached single family home in Brantford has gone down by an average of 19.55% compared to a year ago. There were also 38.04% fewer sales in Brantford last month, and there are almost 3 times as many active listings on the market right now versus a year ago. The Buyers have a much stronger negotiating position in the current market compared to the past 7+ years so if they are working with an experienced realtor who's been through this type of market before and knows how to negotiate, then the Buyer will be able to take advantage of this market and get a great deal on the home they want! Click here to check out the newest listings of homes for sale in Brantford and Brant County.
North End
The average sale price in Brantford’s North End neighbourhoods in January 2023 was $740,517, which is down by 20.31% compared to January 2022. There were 66.67% more new listings in the North End neighbourhoods last month and the number of sales in the North End areas were up by 4.55% compared to a year ago.
West Brant
The average sale price in the West Brant area in January 2023 was $742,692, which is down by 22.53% compared to the average sale price in January 2022. There were more than 3 times(318.18%) the number of new listings in West Brant last month versus a year ago and there were 30% 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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