Real Estate Market in Penfield: April 2018

Bring on the May flowers!  It’s the first Saturday of the month, and it looks like Spring has finally decided to show itself. Let’s take a look at how the Real Estate Marketing in Penfield, NY performed last month in order to see if now is the time to sell your home!  We are hoping that the warmer weather will bring out many new listings.

Active

In the last 30 days, 36 single residential properties were listed with a median sale price of 294k. Fewer properties were listed than last month, but the median sale price went up by 4k!

Pending

Of single residential homes listed in the month of April: 20 homes have gone under contract with a median price of 237k. The average days on the market has remained steady at a speedy 3!  More homes are coming on the market and most are selling quickly.

Sold

In the last 30 days, 21 properties have sold with a median closed price of 271k; an increase from last month! We saw a decrease in sold properties and a definite increase in the average sale price as multiple buyers were willing to pay more.

Overall, we are seeing more listings come on the market and they are going quickly.  Fear not; it only takes one house to be the right house.  We’re happy to set you up on a search that will email you only the listings that match your criteria.  When the right house pops up, you’ll be ready.  It’s also important to talk with your mortgage professional (we can recommend some!) about a price range you are comfortable with.

 

We pride ourselves on making the buying/selling process easy on you so that you can focus on the fun stuff! Based on the market now, homes are selling like hotcakes. Ready to get yours out there? Let’s get started today!

Penfield is a lively town, located on the southern tip of Irondequoit Bay and just outside of the City of Rochester. Follow this blog to discover more of what our town has to offer; from great local businesses to awesome events, we'll cover it all!

Courtney Dudek Licensed Real Estate Salesperson

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