11/21/2019
Brantford Real Estate News from Jan Knott
November 2019
Jan Knott
Sales Representative
515 Park Road North
Brantford, Ontario
519-756-8111 or 1-888-759-5494
remaxtwincity.ca/agent/jan-knott
Hi Jan,
I hope you're doing well! The latest market stats are listed for you below, along with some staging ideas that will come in handy if you’re trying to sell your home over the holidays.
There are also a few tips on how to update your bathroom without spending a fortune as well as some natural remedies that’ll help you fight the common cold.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It’d be great to hear from you!
Cheers,
Jan
BRANTFORD REAL ESTATE MARKET UPDATE
Real Estate Market Stats
The number of homes sold through the MLS® System of the Brantford Regional Real Estate Association totaled 217 units in October 2019. This was an increase of 21.2%from October 2018.
On a year-to-date basis, home sales totalled 1,943 units over the first 10 months of the year, up 13.7% from 2018.
“As has been the case since the summer, home sales remained strong in October, only missing the October 2017 record for that month by a single transaction,” said Rose Sicoli, 2019 President of the Brantford Regional Real Estate Association.
“With the balance of supply and demand still very much in seller’s territory, the average home price hit another new all-time record in October. Together with the strong sales numbers, that put the residential dollar value over the $100 million mark for the first time ever in the month of October, and just the eighth time of any month in history.”
The average price of homes sold in October 2019 was a record $471,955, rising 10.2% from October 2018.
The more comprehensive year-to-date average price was $452,017, up 8% from the first 10 months of 2018.
There were 284 new residential listings in October 2019. This was down 1.4% (four listings) on a year-over-year basis.
Active residential listings numbered just 411 units at the end of October. While this was an increase of12.3%from the end of October 2018, it remains well below the long-term average for this time of the year of around 750 listings.
Months of inventory numbered just 1.9 at the end of October 2019, down slightly from the 2 months recorded at the end of October 2018 and well below the long-run average of 5.6 months for the end of the year.
With a relatively unchanged market balance, homes spent roughly the same amount of time on the market in October 2019 than they had a year earlier. The median number of days on market for homes sold through the Association’s MLS® System was 20.5 in October 2019, up from the 18 days seen in October 2018.
The dollar value of all home sales in October 2019 was $102.4 million, a large 33.7% increase from the same month in 2018. This was a new record for the month of October by a margin of over $20 million.
Sales of all property types numbered 225 units in October 2019, an increase of 18.4% from October 2018. The total value of all properties sold was $106.6 million, rising 27.9% from October 2018.
HO HO HOME STAGING FOR THE HOLIDAYS
Christmas Wreath
Decorating your home for the holidays is a fun, festive tradition but if your home’s on the market, it’s important that buyers are still able to imagine themselves living there.
Here are a few staging tips to help make sure your home doesn’t appear too cramped or cluttered during this busy time of year:
Curb Your Enthusiasm
Leave the huge inflatable Santa in the garage this year! A few lights and a tasteful wreath on the front door is all you need to elegantly accent your home.
�First Impressions
Entranceways are usually quite cramped and dark so remove any unnecessary items and ensure you have adequate lighting.
Deck the Halls (a little)
Keep decorations to a minimum as they make your home appear cluttered and never decorate unique, architectural features.
Tree Time
A huge tree full of ornaments can make a room look cramped so opt for something smaller with some soft lights and a few tasteful decorations.
�Wrap it Up
Put away wrapping paper, tape, ribbons, etc. before showings. Don’t just stuff them in your closet though as buyers usually peek in cupboards to see how spacious they are.
�Holiday Cheer
Seasonal treats such as hot apple cider and holiday cookies will delight the senses and give your home a welcoming feel. It may also encourage buyers to stick around a little longer!
Although there are fewer buyers during the holiday season, they’re usually much more serious and there also aren’t as many listings to compete with. Your home will show beautifully if you use a few tasteful decorations to help draw attention to its best features, but keep them to a minimum so buyers aren’t overwhelmed, distracted or turned off.
BUDGET BATHROOM DECORATING TIPS
Bathroom Facelift
It’s easy to update your bathroom even if you don’t have a huge budget or any renovation skills. Here are a few simple ways to give your tired bathroom a facelift:
Mirror Mirror
A new mirror will make your space appear much larger.
Green Space
Plants breathe new life into any space with minimal expense.
Towel Service
Display a few rolled-up towels in a wicker box to help freshen things up.
Lighten Up
Changing your light fixtures is an excellent way to brighten up your bathroom.
It’s in the Details
Updating small details like hooks, towel bars, soap dispensers and curtain rings will make a huge difference!
When it comes to decor, bathrooms are an important but often overlooked area of the home. A few simple changes will add value without the expense of a full-on renovation which makes it a very wise investment!
NATURALLY FIGHTING THE COMMON COLD
Lemon Tea
There may not be a cure for the common cold but there are certain steps you can take to reduce your chances of catching one. Here are a few natural remedies to keep in mind:
Sour Puss
A teaspoon of apple cider vinegar mixed with ½ cup of water will help keep a cold at bay.
Powerful Pepper
A cup of hot water with a ¼ teaspoon of cayenne pepper will help soothe a sore throat.
Cold Cry
Slice up an onion and then boil it to make tea. Add a little ginger or lemon juice to help with the taste.
Hopefully the nasty viruses will pass you by this season, but it’s always good to be familiar with as many remedies as possible to help s***f out the sniffles. Here’s to your health this holiday season!
P.S. Please let me know if you'd ever like a hand finding your dream home or even if you're just curious about what the house down the street sold for. I'm always happy to help 😃
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Jan Knott Sales Representative (519) 759-5494 Re/Max Twin City Realty Inc. Brantford Office 515 Park Road North Brantford (519) 756-8111 (519) 756-9012 [email protected] View on Google Maps Connect with Re/Max Twin City Realty Inc. :
