Brantford Neighbourhood Median Sale Prices – Oct 2024
Why do I think Brantford Neighbourhood Median Sale Prices are an important metric? Brantford has a very diverse collection of neighbourhoods which is why looking at the average or median prices for the city as a whole isn’t an accurate representation for your particular home.
Brantford Median Sale Prices October 2024:
- 📍Oakhill/Airport – $965,000
- 📍West Brant – $780,000
- 📍Lynden Hills – $700,000
- 📍Brierpark/Greenbrier – $699,000
- 📍Myrtleville/Mayfair – $689,500
- 📍Henderson/Holmedale – $598,000
- 📍Echo Place/Braneida – $567,750
- 📍Eagle Place – $480,000
- 📍Terrace Hill/E & N Wards – $479,000
What is a Median sales price? Quite simply put, it’s the representation of “the middle”. If you have 31 sales in a neighbourhood and you ordered them from highest to lowest, the price in the exact middle of that list (16th) would be your median price. It’s a better accurate representation of the performance in the neighbourhood as there could be a number of high sales and low sales in the same neighbourhood that could affect the average sales price.
Breaking the numbers down to the different Brantford neighbourhood median sale prices gives you a micro view from area to area, and even though some of the neighbourhoods are significantly lower than others, those are the ones to watch when the market starts to heat up. Usually their prices start to increase at a faster percentage than the more expensive ones.
Since most of the stats you’ll read about will talk about the city as a whole, it takes a bit of digging to get the true story for your neighbourhood. This is a guilty pleasure of mine. The numbers, the data, the trends are all things I gravitate towards in order to figure out what your home should expect on the open market. The Brantford Neighbourhood Median Sales Prices are just the tip of the iceberg, and we can chat more about that when we sit down together.
Want to Know What Your Brantford Home is Worth?
Even knowing neighbourhood prices is half the battle. Your home’s price is going to be determined by it’s specific amenities and upgrades. If you want to know more, we should chat!
