Live in Penfield NY

Penfield NY – Housing Stats

by

It’s the first weekend of the month which means it’s time to take a look at what’s happening in real estate.  It’s still a fast paced market with homes moving quickly.  We have seen an increase in listings, so all is not lost for those planning on making a move before the school year.  Here are some of the Penfield NY housing stats for the last 30 days:

Active

100 homes were listed with an average list price of 296k, which is within ranging from 32k to 2.5 million.

Pending

Of homes listed since June 1st, 92 homes were listed as “under contract”.  Median sale price was 243k.   Average days on the market in Penfield NY? 5!  I can’t express enough how important it is to be represented by an experienced realtor that can help you put your best offer forward.

Sold

Since June 1st, 20 homes were recorded as sold with an average sale price of 189k. 100% of homes on average have received their asking price. Of course some homes went for over asking and some went a little under asking price but for the most part people received their price and so will you!

As we hit the hot summer market, it’s important that you have the right tools to step up to the plate! I work with a team of trusted professionals that can help you decide if a move is right for you. In addition, I have a network of local contractors who can help you with any projects you have planned for this summer.  It’s always a great idea to understand the value of your home before you make a renovation.  Some renovations will add value while others will simply be a matter of preference that you won’t necessarily make back when you sell. I can help you determine the difference. Contact me today and let’s get started!

Have a safe and happy 4th of July!

 

 

 

Penfield Housing Stats

by

First weekend of the month which means it’s time to take a look at what’s happening in real estate.  Inventory remains low, as do the interest rates.  The warmer weather has brought a burst of new listings and we are hopeful this trend will continue. Here’s what the Penfield Housing Stats look like:

ACTIVE

87 homes were listed with an average list price of 300k, ranging from 66k to 900K

PENDING

Home For Sale Real Estate Sign in Front of Beautiful New House.

86 homes were listed as “under contract”.  Average days on the market Penfield NY? 4!   Average median price is  of 210k.  The market is still moving quickly, so it literally pays to be represented by an experienced agent who can help you put your best offer forward.

SOLD

In the last 30 days, 26 homes were recorded as sold with an average sale price of 237k.  On average, 100% of homes on average have received their asking price.   In a significant number of cases, sellers are receiving over their asking price. NOW is the best time to sell.

Some sellers are concerned and rightly so that if they get a great offer on their home, they won’t be able to find a new one.  Many buyers, at least the smart ones, will be willing to grant additional time for the homeowners to look for suitable property.  As a full time, experienced agent, I’ve seen markets like this one before and I can help navigate the waters so that everyone ends up with a roof over their head. In some cases, some parties may have to move twice.  The home of your dreams is worth it.  With sellers receiving the very best offers and buyers receiving the lowest interest rates this year, everyone wins.   Contact me today and let’s get started!  Need help with your finances?  No worries.  I have a network of trusted professionals to find the program that’s best for you.

 

Penfield Housing Stats

by

First weekend of the month and time to take a look at what’s happening in real estate. Inventory remains low, as do the interest rates.  We are seeing a glimpse of more listings this past week so it looks like a more balanced market is on the way. Here’s what the Penfield Housing stats look like:

Active

95 homes are listed as active with an average list price of 300k.

Pending

21  homes were listed as “under contract” in the last 30 days with a median price of 199k.  Average days on the market in Penfield NY? 5!   When a home is in excellent condition, a great location and fairly priced, it goes fast.  There are reports of many multiple offer situations and we’re not just talking about 1 or 2 offers, we’re talking about 8 or 10 offers all over asking.  Fear not, preparation will meet opportunity, especially since we are seeing more homes listed and we’re great negotiators!

Sold

36 homes were recorded as sold in the last 30 days with an average sale price of 191k.  98% of homes on average have received their asking price.  Can you offer less than the asking price?  Yes.  Can you ask for seller concessions? Yes.  However, understand in a competitive situation, your offer will not be as strong.

While the inventory has significantly decreased since this time last year, the number of homes sold remains steady. As expected, due to competition, the average sale price is up. We’ll continue to see more and more opportunities to make your move as the season progresses.  Keep your mind open to possibilities. If you buy a home for a great price that is less than perfect, any renovation you do, with guidance of course, will bring you instant equity.  We can help you through that process.  Contact me today! Let’s make a move and make it happen!

Penfield Housing Stats

by

First Saturday and it’s Labor Day Weekend!  Before we know it, everyone will be back at school and back to the basics!  In honor of all things mathematical, we’ve got your numbers!  Here are some recent Penfield Housing Stats.

Active:

abode-987096_960_720Currently, 92 homes are listed as active with a median sales price of 295k.   With interest rates still at historic lows, we anticipate a strong fall market for both buyers and sellers to make their move

Pending

83 homes are currently pending with an average median price of 230k and an average of 10 days on the market, which is not that long considering most a home inspection is done and negotiated in that time frame.  Homes in excellent condition and priced at fair market value will go fast.  It’s not a call to panic, it’s all to be prepared both on the buy side in terms of being pre-approved and on the sell side in making sure you present your home in its best condition.

Sold

In the last 30 days, 49 homes have closed.  The median sale price was 210k, with 98% of sellers received their asking price.

These stats reflect all of Monroe County.  When we add in surrounding counties, we still see some great numbers and a positive fall market.  In fact, let’s take a look at why you might want to make your move this fall:

Buyers are serious

graphTruth be told, some buyers are just kicking tires and getting decorating ideas.  The ones that are out in the fall usually have a goal of being somewhere for the holidays.  Some of these buyers may still be around since the summer market and since they didn’t find what they were looking for, they are highly motivated.

New Construction Prices will increase

If you ever wanted to build your dream home, now is the time.  Lower inventory,  super low-interest rates and the general rising cost of  construction materials each October are a great reason to get a plan to break ground now.  Our team is extremely well versed in all things construction.  Put our experience to work for you!  And, contact our trust mortgage professional, Mike Monile to see what’s available in new construction loans!

Clearance

As much as we hope that homes are priced to fair market value, some are over priced and still around when the apples-490474_960_720leaves are starting to turn.  Sellers who have been on the market awhile may be more receptive to negotiation.  In addition, if investment is an option, some owners decide to liquidate their properties before year-end.

Each fall brings a harvest of  listings that are ripe for the picking!  Let us help us help you take advantage of them!  Contact me today!