Live in Pittsford, NY

Home Values in Pittsford NY

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Happy New Year!  It’s the first Saturday of the month so you know what that means; it’s time to take a look at the Home Values in Pittsford, NY.   Make it a resolution to know your numbers.  Whether you’re planning on buying, selling or staying where you are in 2016, it’s always a good idea to understand your numbers.  After all, your home is one of the largest investments you’ll ever make and it could be worth more than you know.  Let’s take a look at some recent numbers in Pittsford, NY:

Active

Currently there are 101 properties listed as available with a median sale price of 359k.  Inventory remains a little low, but we’ll see those numbers increase throughout January.  If this is the year you’re making your move, list now and avoid the competition!  Prices range from 115k to 829k.  There’s definitely something for everyone!

Pending

35 properties are under contract, with a median sale price of 267k.  Well maintained properties in excellent condition, still move fast! Be ready and be pre-approved.

Sold

hand-577355_960_720In the last 30 days, 24 properties have sold with a median price of 3ook.  The average sale price increased by 53%.  Let’s keep this number in perspective.  In the month of December, 4 homes sold for over 500k and one sold for over 1 million.

In fact if we look towards 2016, here are some of the trends we expect to see according to MarketWatch.com

  • Interest rates will increase gradually.
  • Home prices will remain steady due to affordability factors.
  • Millennials (18-34 years old) will be looking to buy a home.
  • Fewer homes may be available in some areas
  • New mortgage loan products will become available.

business-163461_960_720What do these trends mean to you?  It depends on whether you’re buying or selling and where you live.  If you have 30 minutes, we have the numbers you need to understand the value of your home.   The market report is free and it’s all part of our commitment to research the numbers daily and provide our clients and our residents with relevant real estate and community resources.  Contact us today!

 

Home Values in Pittsford NY

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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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.

Active

Currently there are 107 homes listed as active with an average sale price of 365k

Pending:

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.

Sold

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!

3rd Quarter Stats for Homes in Pittsford NY

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hand-577355_640At Christina Feck Real Estate, we  strive to provide great real estate resources.  The 3rd Quarter GRAR Housing Statistics are out and we’re on top of it!  Here are the some of the highlights:

The inventory is down.

The number of listings is down from this time last year, by 8.3%, but fear not.  The number of listings since the end of September has increased by 9.6%.

Sales have increased.

When we compare last year to this year, sales are up by 8.4%; that’s 4,020 transactions compared to 3,708 during the same period last year.  Webster, Irondequoit, Parma and Hamlin, showed the most gains.

statsThe average sale price increased.

The median sale price rose 6.7 percent to $136,000 and pending sales rose 3.9 percent.  It’s looking like the 4th quarter will be strong.  You can be in a new home for the holidays.

These statistics reflect all of the counties, but let’s take a snapshot of just Pittsford in the last month:

Active Listings:

21 homes have been listed with an average sale price of 290k.

Pending Transactions

Of homes that were listed in the last 30 days, 5 have gone under contract in an average of 4 days on the market!! The median sale price is 260k.  The good ones go and they go fast.

Closings

In the last 30 days, 25 homes have closed with a median of 277k.  There was a slight decrease in average sale price from September to October.

What do all these numbers mean to you?

business-163461_640Inventory is steadily increasing.  If you are considering making a move (and perhaps a tax break) it’s an excellent time especially since we are seeing an overall increase in the median price of homes.  If you are making a purchase, there are still great interest rates to take advantage of.  If you didn’t find what you were looking for this summer, chances are, it’s coming to the market soon, and don’t forget that you can put our experience to work for you and build it!

Your numbers will really depend on where you live and the condition of your home. We are always happy to provide a FREE Market Stat Report delivered as often as you like, so that you can stay on top of the market too!  And, it’s a great market so don’t wait!  Contact us today and let’s get started!

Home Values in Pittsford NY

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PumpkinHappy October! It’s the first weekend of the month which means it’s time for our Home Values in Pittsford NY report. Knowing your numbers is always an excellent idea whether a move is in your future or not. Determining fair market value for your home (and we’re all about the “fair” part) can also help you with refinancing, home equity loans and in managing your assets for retirement.

Let’s take a look at what recent numbers indicate:

Active Listings:

Growing GraphIn the last 30 days 52 homes have been listed for sale in Pittsford, ranging from 165k to 1.2 million.  The median sale price is 329k. Values have overall remained steady with some increases depending on the area and amount of inventory.  Some of the active listings are new construction which will add to an increase in the median price.

Under Contract:

58 homes are currently listed as pending with a median price of 264k.

Sold:

hand-101003_640In the last 30 days, 22 homes have closed, with a median sale price of 250k and at an average of 98% of the asking price.

In general terms, the summer market has extended into the fall and it’s still going strong. While many suggest that Spring is the best time to put your home on the market, many will make a case for the fall as well.

a. Tax Breaks

b. Motivated Buyers and Sellers

c. Home for the Holidays.

With interest rates still low, making a move is worth considering, especially since your home may be worth more than you think it is, which by the way costs nothing to find out. What does cost you is waiting and not knowing your numbers. Fear not, we’re here to help.  Contact our trusted mortgage partner and then  Contact us and FALL in love with where you live.

Home Values in Pittsford NY

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hand-577355_640It’s the first Saturday of the month!  You know what that means: time for the Pittsford Market Report.  It’s also Labor Day weekend, so we hope you might just have an extra second or two to read it.  Grab a cup of your favorite coffee and let’s hit it!

Active:

home-740260_640Currently there are 140 properties that are listed as active with an average sale price of 381, which includes new construction homes yet to be built

Pending:

Currently 59 homes are under contract with an average sale price of 255k and an average number of days on the market of 20.

Sold:

In the last 30 days, 54 homes have sold with an average sale price of 312k at 97% of their asking price.

In general, we’re seeing an increase in the average sale price, which is great news if you are a seller!  We’ve also seen some of the lowest interest rates since 1971, which is awesome news if you are a buyer or someone who is selling and buying!

Once the kids are back into school and we adjust to our fall routines, we anticipate a strong fall market.  Some reports indicate that the interest rates will rise slightly and this increase will motivate some to buy sooner than later.  In fact that are some awesome reasons to make your move during the fall:

A.  Stay Ahead of Mother Nature

You can get somewhere before the snow flies.  Well, at least before it starts to pile up.

B.  Year End Tax Breaks

Mortgage interest and property taxes are deductible.

C.  Buyers and Sellers are Serious

Spring is usually the busiest season, but Fall is not far behind.  Those who are making a move are serious and not just out there window shopping.

Be sure to read the rest of the article from Realtor.com to get all the details.
valuation-149889_640The good news is Pittsford home values are steady  and in some cases on the rise.  You home might be worth more than you know.  Whether a move is in your future or not, it’s always a smart idea to know your numbers.  We would love to help!  Contact us today.

Home Values in Pittsford NY

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It’s the first weekend of the month, so you know what that means: the Pittsford housing report! As a bonus, the 2nd Quarter Housing Statistics were just released from the Greater Rochester Association of Realtors, so let’s start there:
Bar Graph· Pending sales grew by 7% compared to this time last year.
· 7413 homes were listed for sale this quarter, the highest since 1997
· The median sale price for the Greater Rochester Area climbed to 133k overall.
· The current market is very active as many are seeking to take advantage of the low interest rates and increased inventory.

Let’s take a closer look at some recent Pittsford numbers, now that the 3rd quarter is well under way:

In the last 60 days, 47 homes were sold with a median sale price of 305k.

Currently, there are 104 homes that are under contract.

The average days on the market for these properties was 13. Given that the status of most listings is not changed to pending until the home inspection has been completed and the attorneys approvals have been received, properties are not staying on the market that long

As we speak, 145 homes are listed as active with an average sale price of 396k.

Prices on these homes range from 125k to 1.7 million.  To Be Built listings increase the average sale price from where it normally would be.  As we shared before, new construction is on the rise and we are happy to assist in this process.

Christina Feck

Christina Feck

Normally, we think of the spring market as being the most active. However, with a polar vortex in the beginning of spring, followed by a lack of inventory later in the season, research is showing us that many buyers are still out and about and ready to make purchases and we’re seeing more sellers enter the summer market. With new down payment programs (find out more from our trusted partner, Mike Monile) and interest rates still low, there are great opportunities for everyone. If you’d like to know what your options are, or would like to know the value of your home, we’re happy to help. Contact us today!

May Market Report

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The Spring Real Estate market is in full swing here in Pittsford NY!  We’ve been seeing some great action in the last 30 days; check out your market stats:
  • Growing GraphThere are currently 164 active properties in the Pittsford area; your perfect  home could be one of them!!  The median sales price for active properties is 389k, with a property for any budget available!!
  • In the last 30 days, 86 properties have gone under contract in an average of 9 days.  Spring is not only a great opportunity for buyers, but also sellers!!  Just imagine, selling your home in just a matter of days!!
  • In the last month, 18 homes have sold at an average of 98% of the asking price.  The average sale price of properties sold was 252k.
  • From April to May, we’ve seen over a 30% increase in average sale price!!

Tips for Sellers

Inventory is still relatively low, especially considering we are in a Spring market!  This is great news for you; your property could be in high demand!  If you take some time, you can really make your home shine, and you’ll get a great offer in no time.  Remember, your lawn & landscaping is the first impression your home will make; fresh cut grass & a well maintained exterior are key when selling a home in the Spring!!  Check out these Great Tips for a Gorgeous Lawn.

Tips for Buyers

No matter your Real Estate goals, Pittsford’s Realtor Christina Feck is here to help you!  She has the experience you want, whether you are a buyer or seller!  Contact her today.

Your Pittsford Market Report

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It’s official- it is finally Spring!!!  And along with the gorgeous weather, trips to Abbott’s, and starting your yard out right– it is also REAL ESTATE SEASON!  Truly, there isn’t a bad time to buy a home in Pittsford, but across the nation the real estate world tends to pick up the pace this time of year!!  If you were waiting for the Spring market to buy or sell your property, it is time to get started, and we are here to help you out!!
We’ve got your Pittsford market stats:
  • Bar Graphin the last 60 days 28 homes have sold
  • The average sale price was 242k, which was 97% of asking value
  • Of homes that were listed in the last 60 days, 23 of those went under contract in an average of 4 days!  Less than a week on the market!!
  • There are currently 125 properties available.  Inventory is just starting to bloom, but there is still time for sellers to take advantage of the increase in average sale price & get a jump on the competition!
  • It is also a great time for buyers, with interest rates available at under 4%!

You know that Spring is a great time to sell a home, but you also know that the real estate world can be a stressful one.  Whether you are a buyer or seller, you are in good hands with Christina Feck from the Cannan Team of ReMax Plus.  She has the knowledge and experience you need to make your next move stress free.  Check out some of the great perks you’ll get, when you team up with Pittsford’s Realtor, Chris Feck:

Guidance Every Step of the Way

Chris will walk along side of you, and help you get the most value for your home.  Here’s a free resource she has for sellers, to help them stage their home right:

Cannan_Seller_Book13

 Plus, check out these other great benefits Christina can offer:
truck

Free Truck Usage!

Cannan_Seller_Book12

Professional Final Cleaning Included!

Let Christina and here team help you with your next real estate move; click here to learn more or get started.

Pittsford Spring Market Report

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We’re saying goodbye to Jack Frost (who has overstayed his welcome!), and hello to our sweet friend Spring!!  We may have a few more chilly days ahead, but we’re starting to see temperatures warm up, and it is giving us hope that the worst is behind us!!  Spring is one of our favorite times of the year, it brings flowers & sunshine!  Light jackets & bike rides!!  You just can’t beat a lovely spring day after a long, hard winter!!
Spring is also when the real estate world comes out of hibernation and starts to really pick up!!  If you’ve been mulling over the idea of buying or selling a property in Pittsford, we’ve got the scoop for you- and everything’s coming up roses!!
We’re looking at a relatively balanced market to kick off the season;
there are some great advantages to buying or selling this spring!!

The Stats:

  • In the last 30 days, 11 homes have sold in Pittsford, with a median sale price of 210k, which is a 22% increase in the sale price from February- this is some great news for sellers!!!
  • Currently, of properties listed in the last 30 days, 4 are pending- median sale price? 227k.
  • There are plenty of opportunities for buyers out there, with nearly 100 active properties on the market!  With still-low interest rates, this might be a great time to for your next move!

Forbes online has some great tipsif you are a seller this Spring!

And Fox Business has some insider tips for buyers!

If you’ve been thinking about buying or selling a home, now might be the time for you!  Spring is the busy season for the real estate world, so now more than ever, you want an experienced agent on your side!  Pittsford’s Realtor, Christina Feck has the knowledge and the know-how to make your spring real estate dreams possible!  Contact her today, and let her guide you every step of the way!

Winter Real Estate & the Pittsford Market

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Have you spent this winter dreaming of buying or selling a home?  Think winter isn’t a good time to jump into the market?  It’s true, many people wait until Spring to put their house on the market or to “seriously” start looking.  But you don’t have to wait until all that snow is melted!  Real estate in the winter is a little different, but there are some great benefits to beating the Spring rush!!

Sellers:

This year no city was hit harder by Old Man Winter than Boston!  Which is why we were thrilled to see a great article in the Boston Globe about why it is a good idea to sell in the winter.  If Boston can sell homes in winter, so can the people of Pitsford NY!  So, why might selling before the Spring time rush be a good idea for you?
There is less competition.  Fewer people put their homes on the market, which narrows down selection.  Your home will get more traffic & better offers.  In fact, we saw a 26% increase in the average sale price on Pittsford homes from December to January.  That number climbed another 2% in the last 30 days.  With a smaller pool of homes to choose from, a buyer is more apt to give you a great price, if they fall in love with your property.
If you’re planning on selling in the next couple months, embrace the winter!  Make your home a cozy refuge; fire in the fireplace, warm lighting, and a shoveled drive & walk way are great places to start!  Making your home look like a winter wonderland may just get you a great offer!!

Buyers:

Sellers aren’t the only ones who can take advantage of a winter market!  It’s true, there might be less inventory- but that doesn’t mean there isn’t something for you right here in Pittsford!  There are currently just under 100 properties for sale in the town of Pittsford; the asking price ranges from 135k to 1.4 million.  There is sure to be something for you!
You also have the advantage of being able to select a home at it’s most vulnerable.  It is a whole lot easier to hide major issues in a home in the Spring.  In the winter you can get a better idea of how insulated the home is; are there ice dams or icicles?  Is the home drafty?  Is there a good spot to put all that snow when you shovel the driveway?  Next winter you’ll be much happier if you don’t have any surprises in this department!  If you can fall in love with a property in the winter, how much more will you love it in the warmer months!?
No matter the season, Christina Feck is Pittsford’s Realtor & she would love to take care of you!  Whether you’re selling or buying, Chris will guide you every step of the way.  Let her help you find your dream home right here in Pittsford NY!