Happy Labor Day Weekend! It’s the first Saturday in September which means it’s time to take a look at the August 2017 Penfield Housing Values. As we turn the corner to a new season it’s always a good idea to understand what’s happening in the real estate market.
There are currently 105 properties listed with a median list price of 285K and the good new is there’s something for everyone.
Of recent homes listed: 71 properties have already sold with a median closed price of 205k and average days on the market of 7. Again, we’re seeing how swiftly the market is moving for homes that are priced right and buyers that are ready. No worries, we’ll get you ready; there’s no better time to make a change than during the changing of the seasons!
Recently since August, 51 properties have sold with a median closed price of 233k at 99% of the asking price! Sellers are definitely receiving top dollar on their homes. You can too.
As we approach the changing of the seasons, keeping an eye on what is happening to housing values is crucial, and as we look to the Fall market, we’ll see increased opportunities. Real estate is a great investment and fall is a perfect time to build a portfolio. We’re almost done with the third quarter and properties will become available as investors make final evaluations on their holdings for 2017. In fact, if you really want to think ahead, real estate investment can be your own kind of pension plan. You may also want to consider investing in a second home. Your memories are waiting.
If you have any questions, or you’re curious about your home’s value, contact me today and get a free market value report with no strings attached. Let’s look forward to Fall together.