Brantford Real Estate Market Update for July 2022
Here is your Brantford Real Estate Update for July 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 statisics show that the average sale price in Brantford has gone up by 5.02% compared to a year ago. However, that is misleading for what is actually happening in the Brantford real estate market because the stats are based on the "closed" sales, which means they are going to be a little delayed compared to what is really going on right now. The reality in today's market is that the # of sales were down 23.13% versus June 2021, and the most significant stat is that the # of active listings on the market has gone up by 73.77% compared to a year ago.
The average sale price in Brantford’s North End neighbourhoods in June 2022 was $763,927, which is up by 3.82% compared to June 2021. There were only 1.75% more new listings in the North End neighbourhoods last month but there were 21.28% fewer sales compared to a year ago.
The average sale price in the West Brant area in June 2022 was $880,991, which is up by 11.40% compared to the average sale price in June 2021. There were 15.91% more new listings in West Brant last month but there were 46.88% fewer sales, so there were almost half as many sales in West Brant compared to a year ago.
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Terry's Take on the Brantford Real Estate Market