Brantford Neighbourhood Median Sale Prices: Monthly Update
Why Neighbourhood Median Sale Prices Matter
Understanding the real estate market at the neighbourhood level is essential for buyers and sellers alike. While citywide averages provide a general snapshot, they often fail to reflect the unique characteristics and value drivers of each area. That’s why tracking the Brantford neighbourhood median sale prices can give you a more accurate picture of your home’s potential value.
Matt’s Stats: Brantford Median Sale Prices End of November 2024
- 📍West Brant – $780,000
- 📍Oakhill/Airport – $685,000
- 📍Brierpark/Greenbrier – $660,000
- 📍Myrtleville/Mayfair – $658,000
- 📍Henderson/Holmedale – $637,500
- 📍Echo Place/Braneida – $607,000
- 📍Lynden Hills – $600,000
- 📍Terrace Hill/E & N Wards – $517,000
- 📍Eagle Place – $447,000
Brantford’s Neighbourhoods: Key Insights and Trends
Holmedale
Holmedale, with its riverside charm and tree-lined streets, appeals to those seeking a mix of classic homes and a tranquil setting. Median prices typically reflect the area’s balance of affordability and appeal.
Henderson
Henderson boasts mid-century homes and a quiet suburban feel. The median prices in this neighbourhood often capture its stability and enduring popularity among long-term residents.
Downtown Brantford
Downtown Brantford blends history with revitalization, attracting first-time buyers and investors. Median sale prices here reflect the demand for homes with character and proximity to amenities like Laurier University and Harmony Square.
Terrace Hill
Terrace Hill is an established neighbourhood with a mix of home styles, making it appealing to a variety of buyers. Median prices often showcase its accessibility and charm.
Lynden Hills
Lynden Hills features newer developments and family-oriented communities. Median sale prices highlight the demand for its suburban amenities and newer housing stock.
West Brant
Known for its family-friendly vibe and newer subdivisions, West Brant offers spacious homes and access to parks and schools. The median prices here often highlight the area’s growing popularity among young families.
Echo Place
A mix of affordable housing and established properties makes Echo Place attractive to budget-conscious buyers. The median sale prices here reflect its accessibility and diverse options.
Mayfair
Mayfair is known for its well-maintained homes and community pride. Median prices reflect the neighbourhood’s reputation as a sought-after area for families and professionals.
Greenbrier
Greenbrier offers modern conveniences and proximity to shopping centres. Median sale prices often reflect the demand for its blend of affordability and location.
What is a Median sales price?
Median sale prices offer a clearer picture than averages, as they aren’t skewed by extremely high or low sales. This approach provides a realistic view of what homes are selling for in each neighbourhood.
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.
Want to Know What Your Brantford Home is Worth?
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.
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!
