Live in Penfield NY

August 2017 Penfield Housing Values

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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.

Active 
There are currently 105 properties listed with a median list price of 285K and the good new is there’s something for everyone.

Pending
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!

Sold
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.

Housing Stats- Penfield NY

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It’s the first weekend of August which means it’s time to take a look at what’s been happening in real estate. Homes are still selling quickly due to low inventory.  Sellers will get there best price now and buyers can take advantage of the still low interest rates. Here are some of the recent housing stats Penfield NY for the last 30 days:

Active

112 homes were listed with an average list price of 280k.

Pending

Of homes listed since July 1st, 86 homes were listed as “under contract”.  Median sale price was 222k. The average number of days on the market was 7.  That’s fast!  Don’t panic.  We are full time experienced agents and we can help identify your needs to respond quickly when you are ready.

Sold

Since last month, 41 homes were recorded as sold (double from last month) with an average sale price of 197k. 100% of homes on average have received their asking price- this has been a great consistent percentage. 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!

If you’re selling, now is the time- homes are going fast! If you’re buying, you need to be ready for the same reason! If you’re selling and making a purchase it’s important to see the bigger picture.  You’re going to get a great price on your home. You may pay a higher price on a home you purchase but it will all even out. Interest rates are great now but are predicted to rise. Waiting will cost you. We can help you navigate which options are the best for you. And, we’ll be honest with you if a move isn’t really in your best interest. Let’s find out. Contact us today!

Happy August!

 

 

 

Penfield NY – Housing Stats

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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

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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

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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 Market Report

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First Saturday of the month and time to take a look at what’s happening in real estate.  Spring has sprung with many buyers hoping to find a place to bloom where they’re planted.  Inventory remains low and as a result we are seeing multiple offer situations and in some cases higher median sale prices.  Here’s what the Penfield Housing Market looks like:

Active

Currently there are 79 homes listed as active with an average sales price of 304k.

Pending

75 homes are listed as under contract with an average sale price of 215k.  Average days on the market? 7!  When a home is in excellent condition, a great location and fairly priced, it goes fast.   There’s no need to panic, but there is a need to be prepared which includes being pre-approved rather than pre-qualified.  Preparation also means that you need to clarify what your goals are and what you’re looking for in a home. If you make a list of 10 must have items and a home has 8 or 9 of them or you can add some of the items later, it’s go time.  No worries about moving too fast because you’ve already done your research.

Sold

In the last 30 days, 18 single residential homes were listed as sold with an average sale price of 190k. 100% 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.

The internet provides so much data on the Penfield Housing Market , but it does not provide an accurate, real time picture of what those numbers mean.  Only experienced real estate professionals can help you navigate current market trends and assist you in making the decisions that make sense (and cents) for you.  As the season continues to progress, we’ll see more and more opportunities to make your move and we will be honored to help.  Contact us today!

 

Why a Buyer’s Agent Matters

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So you’re thinking of purchasing a home.  That’s awesome and super smart!  Not only will you be investing in your future, you’ll be taking advantage of great opportunities! The current interest rates are super low and there are also some programs to help you with your down payment. In a world of instant information, it’s very tempting to go at it alone.  “I’ll just surf the net”, you say and “I’ll sign up for instant listings with the email address I use for junk mail and registrations. (#kudosifyouhaveone) I’ll attend a few open houses when I’m in the neighborhood and/or I’ll call the person on the sign if I have questions.”  My house. My plan. My time. My terms.  Before you embark on this fabulous adventure, let’s consider why a buyer’s agent matter.

 

1. A licensed buyer’s agent will have access to information you can’t get

MLS

Key words:  access, information, license.   Licensed real estate professionals have the most recent and up to date numbers on what’s for sale, what’s truly under contract and what has sold long before the third party internet sites are ever updated. (By their own admission, the numbers are inaccurate.)  There’s a reason you need the license to get the numbers.  Understanding fair market value and conducting business in a manner to accurately reflect this knowledge is one of the cornerstones of the Realtors Code of Ethics.

As a bonus, the true professionals, research the market daily to interpret the numbers and understand the trends.  They also work with trusted loan officers that can get you the best rate possible.

2. A Buyer’s Agent is obligated to represent the buyer as a client

 

Purchasing a home will most likely be the greatest investment you will ever make.  Can you buy a home without a buyer’s agent?  Sure.  You can also go to court without a lawyer too, but we wouldn’t advise that either.  What we would suggest for consideration, is representation from someone who clearly understands the profession and the market and works to exceed your expectations and negotiate the best price for you.

A Seller’s Agent is contractually obligated to represent the best interests of the seller as a client, which makes perfect sense (and cents) too.  Some would suggest that working directly with a seller’s agent will save money.  Perhaps the owner will not have to pay as much commission so the buyer will get a better price?  Maybe, maybe not.

Without representation, you won’t have the peace of mind in knowing your best interests in a transaction were first and foremost, and you’ll never really know the deal you could have gotten.  The largest investment of your life shouldn’t be determined by whether or not someone will give up their commission; it should be determined by someone who understands, after studying the market, what the best deal is and secures it for you.

3. Most sellers agree to pay for the representation on both sides of the contract

 

You’re the buyer.  You come to the closing table with a bowl full of money. (#cashierscheck) It’s dispersed according to the contract terms.  The seller has already agreed ahead of time to pay his own agent and the agent that represented the buyer, from their proceeds.  They were represented.  You were represented.  Everyone wins. Assigning one agent to equally represent the entire process is a lot like asking a football coach, to coach his team, the opposing team and referee at the same time.  Is it possible? Technically, but not advisable.  Most players would agree that each team greatly benefits from having their own coach.

Purchasing a home truly is an awesome adventure and we’re here to provide you with the representation you deserve in achieving your goals, whether you’re buying, selling, or investing.  Contact us today for more information on agent disclosure and the buying process!  It would be a privilege to work with you in any capacity.

Housing Report Penfield NY

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It’s the first weekend of the month!  You know what that means- our monthly Penfield NY Housing Report is here.  We’ll share the average sale price and some other fun stats.  Whether you own a home, are thinking about buying one or pretending you own the home you’re renting, it’s always a great idea to understand current trends in the real estate market.  We’ve got the latest scoop in our Penfield NY Housing Report.

Active Listings:

Currently, 74 homes are listed as active.  The average median list price is $300k.

Pending Listing

There are 54 homes listed as under contract.  The median list price was 199k.   In a market of low inventory, houses can fly off the market in no time, especially ones fairly priced, in excellent locations and in great conditions.  Don’t worry about flying houses, Dorothy, we work with trusted mortgage professionals and we’ll have your ruby shoes headed in the right direction in no time by making sure you are pre-approved.

Sold

In the past 30 days, 19 homes have sold.  The average sale price was 192k which is a slight increase over last month.

Due to some unseasonably warm winter weather (oh, how we do love the roller coaster ride), the spring market heated up early this year.  Interest rates are still super low.  Catch them before they rise.   New properties are listed every day,  so it’s a great time to consider making your move.   Actually, studies show that owning a home can make you happier and healthier.   You’ll benefit more than just financially.

Why not explore the possibilities?  Knowing the value of your home is important and never hurts to know what your purchase power is.  These numbers are important to your financial future.  Contact me today and find out if a move it right for you!  Looking for a quick way to keep track of the numbers on your own terms?  Register for my free market trends report!

 

Penfield NY Housing Report

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It’s the first Saturday in February!  You know what that means–time for our Penfield NY Housing Report.  It’s also time to grab a cup of your favorite warm beverage and a favorite blanket because it’s cold out there.  Despite the frigid temperatures, we’ve got a red hot market on the way.   We’ll tell you the scoop for the last 30 days with the Penfield NY Housing Report, but first, let’s take a look at the highlights from the GRAR 2016 Annual Statistics Report:

  • Despite lower inventory, 2016 broke the record for number of homes sold in or area at 14,278. (The runner-up was 13,312 in 2005.)
  • Prices held steady seeing a slight increase in the median sales price from 132,00 to 133,000
  • Some areas saw explosive gains in the number of sales.  East Rochester and Gates topped the list.
  • Currently, pending sales are up!

Let’s zero in on the Penfield NY Housing Report.  Here are the recent numbers:

67 homes are currently  listed as active with an average median price of 300k

Of course, as we speak homes are being listed and sold but at least you get a rough idea of inventory.  This number represents all of the homes in Penfield.  Keep in mind that a home will usually remain as active until the home inspection is negotiated.

42 homes are under contract.

The median list price was 207k.   When homes are in great condition and priced fairly, they move fast.  No need to panic.  Just be ready.   Being pre-approved rather than pre-qualified, will make all the difference.

25 homes have sold in the last 30 days at a median sale price of 191k

These homes also sold at 98% of their asking price.  With interest rates at record lows, we have seen many take advantage of great opportunities to make a move, even during a hectic holiday season.

Winter may find Jack Frost nipping at your nose but fear not.  Making your move now before more competition in the spring will leave those less savvy, out in the cold.  Contact me today and let’s get started.

Housing Stats in Penfield NY

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Welcome, 2017!  It’s the very first Saturday of the year which means it’s time for our monthly housing report.  All was merry and bright during the holiday season.  In the midst of the celebration, the market kept moving.  Let’s check out the Housing Stats in Penfield NY!

 

Active Listings

53  homes are currently active.  They have a median list price of 290k.  (Let’s take a quick pause in our programming to discuss median price vs. average price.   Using the average of a list numbers is great when you and your friends want to figure out how to pay the coffee shop bill.   However, when it comes to real estate, a really high number or a really low number can create an unrealistic number.  When we use the “middle” number or median when discussing properties, it gives us a more accurate picture.)

Pending Listings

Currently there are 52 homes under contract in Penfield. The median list price was 180k.  The average days on the market was 32.

Sold

35  properties closed in December, so many had a new home for the holidays.  The average median sale price was 255k.  When we look at the median sale price for December vs. November, we see an increase of 20K!

The new year is off to a great start!  As per usual for January, inventory is lower.  We’ve seen several cases of multiple offers already.  No need to panic, just be prepared.  New homes are popping up every day as wise sellers want the best price possible and buyers want to catch the interest rates before they rise.   All predictions for 2017 point to a strong and more balanced real estate market that benefits both buyers and sellers!  Contact me today, and let’s get started.  If your credit is less than stellar, let 2017 be the year you make it shine.  Contact our trusted mortgage professional, Mike Monile, for ways to make home ownership possible.