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***Watch the Video Above***

Hi Everyone,

Here is your Brantford Real Estate Update for May 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 14.63% compared to a year ago, BUT the average sale price for a detached home in Brantford is still $628,541, which is more than $200,000 higher than the average sale price from only 3 years ago. The # of new listings in Brantford have gone down quite a bit more than the decline in the # of sales, which resulted in approximately 24% fewer active listings on the market last month versus April 2022. There has been strong demand for the homes in Brantford so the homes that are being priced and marketed effectively have been selling fast and for excellent prices, while the overpriced or poorly marketed homes are just sitting there which creates opportunities for Buyers to be able to take advantage of those properties to get a great deal!

North End

The average sale price in Brantford’s North End neighbourhoods in April 2023 was $728,253, which is down by 14.86% compared to April 2022. There were 29.63% fewer new listings in the North End neighbourhoods last month but the number of sales in the North End areas were up by 3.13% compared to a year ago.

West Brant

The average sale price in the West Brant area in April 2023 was $830,158, which is down by 10.20% compared to the average sale price in April 2022. There were 45.71% fewer new listings in West Brant last month versus a year ago and there were 29.73% 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

With the way the market has changed I've been getting a lot of people asking if the homes are selling for above their asking prices or below their asking prices. Of course every home can be different due to various factors but the homes in Brantford that sold last month averaged a sale price that was 100% of the asking price, and so far the homes that have been sold in 2023 have averaged a sale price that was 99% of the asking price, so the homes in Brantford have been selling, on average, for just a little below the asking price. However, there is still a strong demand for the houses for sale in Brantford and our listings here at The Terry Summerhays Team so far this year, as of today's date, have been averaging a sale price that is more than 10% above the asking price thanks to our proven and aggressive real estate marketing system. Check out a few of the things we do to make sure your home will stand out in this market at Summerhays Selling System. 

Do you have enough equity in your home to move-up to the home you've always wanted, or are you thinking about downsizing to a smaller home? Click here to find out how much your home could sell for in the current market. 

To schedule a free consultation about buying and/or selling a home in this market 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!