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Hi Everyone,

Here is your Brantford Real Estate Update for March 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 26.72% compared to a year ago. There were also 46.48% fewer sales in Brantford last month, and the average days on the market for the homes that were actually sold has gone from 7 days to 28 days. There are excellent opportunities for buying a home in Brantford and the surroudning areas. 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 February 2023 was $650,206, which is down by 31.82% compared to February 2022. There were 25.81% fewer new listings in the North End neighbourhoods last month and the number of sales in the North End areas were down by 30.43% compared to a year ago.

West Brant

The average sale price in the West Brant area in February 2023 was $1,080,917, which is down by 32.89% compared to the average sale price in February 2022. There were only 7.89% more new listings in West Brant last month versus a year ago and there were 36.67% fewer 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

The statistics for last month show a significant drop in the average sale price and # of sales when compared to a year ago because the month of February 2022 was the hottest real estate market and highest sale prices we've ever had in Brantford. The houses for sale in Brantford are still in high demand and there are opportunities for both buying and selling a home in this market when you are working with a local Brantford real estate agent who has the experience, local market knowledge and expertise to be able to help you and make sure you're in a position to take advantage of the excellent opportunities in this market.

Despite the decline in the # of sales and the average sale price in Brantford, 6 out of The Terry Summerhays Team's last 8 listings at the time of making this blog post have sold for above their asking prices and 1 listing sold for the full asking price. In fact, Terry presented more than 25 Offers for one of our listings on March 1st and that home sold for more than $100,000 above the asking price in less than 1 week on the market. The aggressive Summerhays Selling System we use to market and promote our listings has proven to still be very effective in this market and it continues to put more money into our clients' pockets! Check out a few of the things we do to make sure your home stands out in this market at Summerhays Selling System. 

Click here to find out what your Brantford home is honestly worth in the current market. 

To schedule a free consultation about buying and/or selling a home in this market so you can learn how to put yourself in a position to be able to capitalize on the opportunities in the coming months just give us a call at 519-802-8770, or fill out the form below.  It's never too early to connect so we can start helping you plan ahead for your move!

Thank you for your time and have a great day!