Brantford Real Estate Update for June 2024

Hi Everyone,

Here is your Brantford Real Estate Update for June 2024 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.

*If you would like a free market evaluation of your home, or a snapshot for your specific neighbourhood call Terry at 519-802-8770 or click here.

Brantford

The average sale price for a detached single family home in Brantford is $656,196, which has gone down by 12.37% or an average of $94,003 compared to the average sale price of $750,199 in May 2023. 

There were 3.26% fewer new listings in Brantford that came on the market but there were 25.19% fewer sales compared to a year ago.

North End

The average sale price in Brantford’s North End neighbourhoods in May 2024 was $730,333, which is down by 3.13% compared to the average sale price of $753,919 in May 2023. There were 4.55% more new listings in the North End neighbourhoods last month compared to May 2023, but the number of sales in the North End areas were down by 41.67% versus a year ago. It was a balanced market in the North End last month.

West Brant

The average sale price in the West Brant area in May 2024 was $711,395, which is down by 13.10% compared to the average sale price of $818,630 in May 2023. There were 24% more new listings in West Brant last month compared to a year ago, and there were 33.33% fewer sales in West Brant than there were in May 2023. The numbers indicate that it was a Buyers market in West Brant last month.

Call The Terry Summerhays Team at 519-802-8770 for a free home evaluation and tips on how to increase the value of your home!

Terry's Take on the Brantford Real Estate Market

There are a lot of homes on the market in Brantford right now, especially in some of the neighbourhoods or for certain types of properties so those areas or properties are in a buyer's market, whereas other neighbourhoods or types of properties or price ranges have lower inventory and they in a Seller's market. With the Bank of Canada dropping the benchmark interest rate by a 1/4% on June 5th that may spark the market with more buyers jumping back into the market wanting to buy a home in Brantford. There are opportunites to get a good deal on a home if you act while the inventory is still high in some of the areas and for certain types of properties. If you're planning on selling a home in Brantford, you need to know where the market is at for your specific neighbourhood, for the style or type of property you have, and for the price range that your home falls into.

Working with an experienced and knowledgeable local Brantford realtor who can advise you on the true market value of each property, whether it be for buying or selling a home, and the skills and experience to negotiate effectively for you can give you a huge advantage in this market! Click here to fill out a form if you'd like to ask Terry any questions or to discuss your best options for making a move.

The Terry Summerhays Team listings in Brantford and Brant County average a higher sale price year after year thanks to our superior marketing system that keeps putting more money into our clients' pockets! Check out our proven Summerhays Selling System and a few of the things we can do to get well over 100,000 views of your home on Google, Facebook, Instagram, YouTube, and LinkedIn to literally tens of thousands of potential Buyers in the areas we target.

Are you planning on making a move in 2024? Click here to find out how much your home could sell for in the current market, and to find out what you can do to increase the value of your home!

To schedule a free consultation about buying and/or selling a home in this market just give us a call at 519-802-8770. The more time we have to help you plan for your move the better!

Thank you for your time and have a great day!

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