Brantford Real Estate Update for August 2021
***PLEASE WATCH THE VIDEO ABOVE***
Here is your Brantford Real Estate Update for August 2021 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.
The average sale price for a detached single-family home for all areas of Brantford in July 2021 was $670,170, which is up by 18.81% or a $106,113 increase in home values in Brantford compared to the average sale price of $564,057 in July 2020. There were 11.11% fewer new listings that came on the market last month compared to a year ago.
The average sale price in Brantford’s North End neighbourhoods in July 2021 was $711,706 which is up 24.09% or $138,174 compared to the average sale price of $573,532 in July 2020. There were 14.63% fewer new listings in the North End last month compared to a year ago.
The average sale price in the West Brant area in July 2021 was $880,910, which is up by 27.05% or $187,551 compared to the average sale price of $693,359 in July 2020. There were 14.71% fewer new listings in West Brant last month compared to a year ago.
Call The Terry Summerhays Team at 519-802-8770 or Email us: [email protected] to Sell Your Home for More Money!
Terry's Take on the Brantford Real Estate Market
With the high demand for the houses for sale in Brantford and the low inventory of homes available, especially in certain neighbourhooods and price ranges, it's a great time to sell your home! Although the house prices keep going up the low interest rates have helped to make the homes more affordable to the Buyers and has created opportunities for both downsizing to a smaller home and moving up to a larger home. Most of the houses, when priced properly and marketed effectively, are still receiving multiple offers and sell for a much higher price than expected. However, the homes that are not priced properly and marketed effectively are not receiving any Offers or only receiving a couple of Offers. This has helped some of our clients to be able to take advantage of these opportunities and purchase a home for less than anticipated.
Our Seller clients have really been able to capitalize on this strong Seller's market with the additional exposure we've been getting for their homes thanks to our proven and aggressive Summerhays Selling System which has resulted in our clients receiving more offers for their homes and hence a much higher sale price! Our most recent listings have been selling for anywhere between $150,000 to $185,000 above their asking prices with one of those properties selling for as high as $230,000 above the asking price! So far this year the homes listed with The Terry Summerhays Team have averaged a sale price that is more than 10% higher than all other homes sold in Brantford. That's a lot of extra money for our clients! Click Here or Call 519-802-8770 to learn more about our Summerhays Selling System and why we have proven year after year to be able to sell your Brantford or Brant County home faster, easier, and for more money! *Ask us to show you the stats to prove it!
Thank you for your time and have a great day!
*Based on the sales of residential houses in Brantford in 2021.