Brantford Real Estate Update for May 2024

Hi Everyone,

Here is your Brantford Real Estate Update for May 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 snapshot for your specific neighbourhood call or text Terry at 519-802-8770 or click here.

Brantford

The average sale price for a detached single family home in Brantford is $701,584, which has gone up by 2.79% or an average of $19,043 compared to the average sale price of $682,541 in April 2023. 

There were 17.07% more new listings in Brantford that came on the market compared to a year ago, and there were 1.69% more sales.

North End

The average sale price in Brantford’s North End neighbourhoods in April 2024 was $757,850, which is up by 4.06% compared to the average sale price of $728,253 in 2023. There were exactly the same number of new listings in the North End neighbourhoods last month compared to April 2023, and the number of sales in the North End areas were down by 15.15% versus a year ago. The numbers indicate that it was a Seller's market in the North End last month.

West Brant

The average sale price in the West Brant area in April 2024 was $841,502, which is up by 1.37% compared to the average sale price of $830,158 in April 2023. There were 50% more new listings in West Brant last month compared to a year ago as there were a lot more homes that hit the market, and there were 11.54% more sales in West Brant than there were in April 2023. The numbers indicate that it was a balanced market in West Brant last month.

Call The Terry Summerhays Team today at 519-802-8770 for a Free Home Evaluation and Tips on How to Take Advantage of this Market!

Terry's Take on the Brantford Real Estate Market

The were more homes on the market in Brantford last month compared to a year ago given the 17.07% increase in new listings compared to only a 1.69% increase in the number of homes sold last month. The demand has been strong with a lot of out-of-town buyers still coming from the more expensive areas and wanting to buy a home in Brantford. For buyers, there have been some excellent opportunities to get a great deal on the home you want but you need to have your ducks in a row and make sure you're in a position to act quickly when the right opportunity becomes available. If you're planning on selling a home in Brantford, you have a few options and the best strategy to use to make sure you can sell your home for the highest price possible will depend on a couple of factors, with some of those factors being within your control, while other factors are beyond your control but need to be taken into consideration. 

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!

420 Properties
Page 1 of 18

Post a Comment