It’s the first Saturday of the month, and we certainly hope that all is merry; and bright as you head full speed into the holiday season. We know you’re decking your halls, and bringing joy to the world; thank you for making the world brighter. We’d like to encourage you, however, to grab a cup of coffee, let the lights stay tangled a bit more if you need to, and find out the latest trends and home values in Fairport New York. Why? We’re glad you asked. If you own a home, chances are its the biggest gift you have ever purchased. It just makes to research and understand its value, whether you’re making a move or not. If you don’t own a home, considering giving yourself the gift of purchasing one. You may be surprised to find out it takes less than you think.
Here’s what we know.
- Buyers get a great deal during the holidays. Sellers, don’t be sad. The average sale price has increased this year, so you’re still ahead of the game. Besides, your home really needs to sell. That’s why it’s for sale during the holidays in the first place.
- Interest rates are increasing. The mortgage rate increase is not astronomical. Do not panic, all is calm and bright. It’s just that waiting to purchase may cost you. If you were on the fence about purchasing a home, now might be the time to hop in your sled and see what’s out there.
- Stick to your holiday budget. Don’t have one, get one. (#ToyStory) If you’ve been pre-approved for a loan and overspend, it will affect your loan commitment.
- Keep Up With the Maintenance of Your Home. Whether you are planning on selling your home or not, maintenance is important and the winter can be harsh. Homes that are well maintained and updated will always self faster when you need them to.
Now let’s take a gander at what the recent numbers look like in the Pittsford area.
Currently there are 107 homes listed as active with an average sale price of 365k
In the last 30 days, 56 homes are listed as under contract with an average sale price of 270K. Average days on the market was 27.
In the last 30 days, 17 properties have closed (#homefortheholidays). The average sale price was 290k which was a major increase over the October’s average sale price of 177k.
Inventory is still slightly on the lower side and interest rates are slightly on the rise. It’s a great time for buyers to buy and sellers to sell!
If you’d like to know the numbers in your neighborhood, please contact us today!