April 2022 Market Report: Now is the Time to Buy or Sell!

Brantford/Brant County is in one of the most competitive markets I have ever seen. Prices across the board are over the past year by 25-45%!
Now is the time to buy, and now is the time to sell. Here’s why:

Sellers – Your home value is still up compared to last year. With the slight market shift, you may not see 100s of showings, or 25 offers on your home, however with the right strategy, marketing, pricing and realtor we can still get a great price for you home.

Buyers – Prices are beginning to stabilize a little bit, and mortgage rates are inching upwards. That means now is the time for you to lock in current rates before they creep higher, and at the same time scoop up the home you’ve been dreaming of!

Brantford

Average Sale Price – $788,557 (March: $807,129)

In April, 199 properties were sold – a decrease of 17% from the same month as last year. At the same time, the number of total homes for sale has increased by 25%, and the number of new homes coming onto the market has increased by 2%. The time to sell a home was 8 days on average. The average selling price is currently 119% of the asking price.

Paris

Average Sale Price – $1,049,936 (March: $1,049,159)

In April, 54 properties were sold – an increase of 39% from the same month as last year. At the same time, the number of total homes for sale has increased by 109%, and the number of new homes coming onto the market has increased by 28%. The time to sell a home was 14 days on average. The average selling price is currently 110.9% of the asking price.

Brant County

Average Sale Price – $1,121,309 (March: $1,160,005)

In April, 77 properties were sold – an increase of 3% from the same month as last year. At the same time, the number of total homes for sale has increased by 35%, and the number of new homes coming onto the market has increased by 8%. The time to sell a home was 16 days on average. The average selling price is currently 110% of the asking price.

Woodstock

Average Sale Price – $702,798 (March: $781,451)

In April, 67 properties were sold – a decrease of 32% from the same month as last year. At the same time, the number of total homes for sale has increased by 70%, and the number of new homes coming onto the market has increased by 5%. The time to sell a home was 10 days on average. The average selling price is currently 112.6% of the asking price.

Haldimand

Average Sale Price – $786,818 (March: $889,455)

In April, 74 properties were sold – a decrease of 20% from the same month as last year. At the same time, the number of total homes for sale increased by 51%, and the number of new homes coming onto the market has increased by 3%. The time to sell a home was 10 days on average. The average selling price is currently 112.5% of the asking price.

Norfolk

Average Sale Price – $720,954 (March: $800,830)

In April, 99 properties were sold – a decrease of 20% from the same month as last year. At the same time, the number of total homes for sale increased by 34%, and the number of new homes coming onto the market has increased by 4%. The time to sell a home was 10 days on average. The average selling price is currently 110.2% of the asking price.

Norfolk

Average Sale Price – $732,598 (March: $785,704)

In April, 164 properties were sold – a decrease of 29% from the same month as last year. At the same time, the number of total homes for sale has increased by 47%, and the number of new homes coming onto the market has increased by 2%. The time to sell a home was 11 days on average. The average selling price is currently 112% of the asking price.

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