Staff Report
BRANT NEWS

The number of homes sold through the Brantford Regional Real Estate Association’s MLS system rose on a year-over-year basis in October.

Home sales numbered 183 units last month, up 16 per cent from the same month last year, according to a media release issued by the Brantford Regional Real Estate Association.

The average price of a home sold last month was $256,202, up four per cent from October 2011.

The value of home sales in October totalled $46.9 million, up 21 per cent on a year-over-year basis.

“Demand came in surprisingly strong in October,” said Laurel Hammer, president of the Brantford Regional Real Estate Association. “It was actually the second-best month of October on record and missed matching the all-time record set back in 2003 by just one sale.”

A total of 1,747 homes have traded hands so far this year, up two per cent over levels reported during the first 10 months of 2011.

Total sales activity in Brantford numbered 191 units in October, up 15 per cent from October 2011. The total value of property sales amounted to $51.4 million, up 21 per cent from October 2011 levels.

The Brantford Regional Real Estate Association serves an area that includes the City of Brantford and rural areas and communities in the County of Brant.