| February 2010 Brantford Homes and Real Estate Market Update by Jeff Thibodeau Read this report each month and you'll know more about the Brantford real estate market then 99% of other buyers and half of Realtors working today. |
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| Buyers/Shoppers Read Here Buyers are still the driving force of the Brantford market. There is plenty of inventory on the market but what I am hearing time after time from my buyer clients is that "there is nothing good on MLS." This is because what you are seeing online is the leftover inventory that is outdated, overpriced, and generally a poor value. Homes with great value are coming on the market daily and the buyers who are ready to act and have their eyes open are getting the deals. Good news on mortgages: The bank of Canada held it's historically low rate and hinted that it will stay there until the end of June. Beware though, there is some talk from the Minister of Finance about tightening requirements for high-ratio mortgages if the market recovers too fast, too soon. |
Sellers/Owners Read Here Good news for home owners and sellers: The December stats are in and the average home price is back on the rise, in fact December was the best month in 2009 and we expect the upward trend to continue. If you were planning on waiting out the market slump so prices could recover before you sell, the wait is over. The average home price in December was $235,419, just $85 below the 2009 peak. This recovery, along with mild weather, has helped keep the market turning through the early winter. There is still an excess of inventory and buyers are shopping around for the best deals. It is still very important to price your home well and stage it to give buyers a value. |
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Brantford Homes for Sale and MLS by
Jeff Thibodeau - Sales Representative
ReMax Twin City Realty Inc.
Brantford, Ontario, Canada