Live in Pittsford, NY

Pittsford NY Housing Stats

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Concept of real estate sales growth

Hello, There!  First Saturday of the month, so we’re ready with the numbers for Pittsford NY Housing Stats.  As an extra bonus, the 3rd Quarter Housing Stats were recently released by the Greater Rochester Association of Realtors, so we have those figures as well.  Here are the highlights from Rochester and the surrounding counties:

Year-to-Date

  • There have been 6,649 sales in 2016 (up 5.4%)
  • Median sales price rose to $139,900
  • Millennials at prime home-buying age, growing families and empty nesters have created a pool of serious buyers ready to act.
  • Sellers received 94% of their asking price

Now, let’s look specifically at the Pittsford NY Housing Stats:

  • There are presently 151 properties were listed at a median list price of $395,000.
  • In the last 30 days, 24 properties sold at a median sales price of $283,000.
  • Currently, there is a total of 65 properties listed as pending with an average of 49 days on the market and a median price of $257,000.

What do the numbers mean to you?

hand-577355_640We’re so glad you asked!  The present real estate market is reflecting 2 key trends: the first is a continuation of super low-interest rates and the second is a shortage of inventory.  As you may have guessed, the two are related in a sense that the low rates are bringing out even more qualified buyers.  In addition, some are deciding to stay where they are and refinance.   It’s important to realize that this type of market has its advantages for both buyers and sellers.  For the buyers, rates are unbelievable.  Yes, you may not have as many houses to choose from as you normally would, but if a house is priced fairly (we can help you determine that) and has 90% of the items on your wish list, you’re going to put an offer in whether there are 30 houses on the market or 300.  It only takes one house to be the right one.  If you’re a seller, you’re going to get top dollar for your home.  Worried you won’t have a roof over your head?  Fear not! Smart buyers will be flexible with possession if need be.  Our team is well skilled at keeping a roof over everyone’s head.  In the worst case scenario, you may have to move twice.  It’s a small price to pay to be completely non-contingent, take advantage of great rates and not settle.

If you’re not sure if a move is right for you, we can help you decide.  At the very least, it’s important to know what the value of your home is in any market.  If you have 30 minutes, we have your numbers. Plain and simple with no strings attached.  Contact us today!  Need to know the numbers for your mortgage?  Contact trusted service provider Mike Monile.

 

Homes in Pittsford NY

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apple-1609693_960_720Well, hello apples and pumpkins and mazes, oh my!  Yes, fall is here and it’s also the first Saturday of the month which means we’ve got the numbers for our monthly Homes in Pittsford NY report.  Let’s just say that there’s a harvest of opportunity friends!  We anticipate a great fall market.  Here’s the scoop of recent stats:

Active

Currently,  178 homes in Pittsford NY were listed and remain active with a median price of $384k

Pending

Currently, 68 homes in Pittsford NY are pending,  The average days on market was 37.  The median sales price is 286K.

Sold

In the last 30 days, 24 homes in Pittsford, NY have closed, with a median price of 288k reflecting a slight increase as compared to last month.

spreadsheet-28205_640What do the numbers mean to you?  So glad you asked!  As we expected, we are seeing a higher median price roll out now that everyone is back from summer vacation and adjusting to the school year.  Those homes that have sold in the last 30 days, have sold quickly.  Being pre-approved as opposed to pre-qualified is important and we can help.  The median sale price is down slightly in Monroe County from last month.  It’s a reflection of the end of summer market but not cause for concern as sometimes properties that were over-priced to begin with our reduced to the proper fair market value.

Fall is a great time to make a change! #leaves  Traditionally, it’s the second strongest leaves-1051937_960_720market besides the spring.  We may not have as many buyers as we did, but the ones who are looking are serious.   Current research indicates that interest rates will remain low, at least until the end of this year, so we anticipate a strong buyer pool that will want to be home for the holidays and some great new listings as well!

Even if a move is not in your future, fall is a great time to assess your properties fair market value.  Knowing this number is important to your financial future and we can help.  Contact us today!

Pittsford Housing Stats

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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 Pittsford Housing Stats.

Active:

Currently, 176 homes are listed as active with a median sales price of 370k.   With interest rates still at historic lows, Market Reportwe anticipate a strong fall market for both buyers and sellers to make their move

Pending

64  homes are currently pending with an average median price of 250k and an average of 31 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, 43 homes have closed.  The median sale price was 295k, with 96% 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

Truth 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 Growing Graphmarket 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

apples-805124_960_720As much as we hope that homes are priced to fair market value, some are over priced and still around when the leaves 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!

How to Save for a Down Payment

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Interest rates are low; like really super, duper low.   If you’re considering home ownership in the near future, now is the time to start saving.  You can do it and we can help with this list of creative ways to save for a down payment.

From Cheat Sheet

Save your change

coins-1277095_960_720It sounds crazy we know but it adds up faster than you think.   If you save it in a glass jar, you will see your progress.  Also, consider adding dollar bills.  You may be surprised at how not having small bills affects what you purchase.

Find Alternatives

In the great scheme of life, you can live without cable for a while.  Make Hulu and Netflix your  channels of choice.  Ask yourself if you really need all of the subscriptions and memberships you have.  Kindle owner?  The public library still exists.  Get a new card.  Being creative will make “cents” in the long run.

From the Kitchen Table Advisor

 

There’s An App for That

YNAB

iphone-410324_960_720You Need a Budget!  It’s as simple as that.  This app has excellent consumer reviews.  It combines their 4 basic principles with great software and more:

As good as our method and software are, it’s tough to rewire your brain as it relates to money. That’s why we offer famously friendly support, live, online classes every day of the week, and stellar self-directed help guides. Not good enough, you say? We agree! That’s why we also have an active blog, podcast, and YouTube channel with more quick tips, budgeting wisdom, and money insight than you thought possible.

Digit

Apparently, you can have your own personal banker.  This app keeps track of what you spend, how you spend it and what you make.  Based on that analysis, the software sets aside a small amount of money for you that you can access anytime.  It allows for unlimited transfers and no minimums.

From House Logic:

Lender and Employer Programs

hand-101003_640Take advantage of special lender programs like 1st-time homebuyer clubs or certain types of mortgages if you qualify.  Depending on your income, there are also Employer Assisted Housing (EAH) programs.  Ask questions.  Depending on what you do for a living, where you work and where you’re willing to live, there are options available.

Put our experience to work today to help you save for a down payment and contact our trusted mortgage professional Mike Monile.   The money we can help you save today will help you reach your goals tomorrow!  Contact me today!

 

Pittsford NY Homes

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Concept of real estate sales growth

It’s the first weekend of the month, and we’re ready with the latest news on Pittsford NY Homes that are for sale and other cool stats like the average sale price and how many have sold in the last 30 days.  Specifically, we are focusing on Pittsford stats for this month.  Interesting to note that Yates county reported gains of a 72.5 increase in sales and Seneca County posted a 25.5% increase. (You can get more details from the press release.)

Active Listings

As of this posting, 180 Pittsford NY homes are listed with a median sale price of 393k.  Price points range from $120k to 1.4 million. Something for everyone!

Homes Under Contract

hand-577355_640Of homes that were listed in the past 30 days, 85 properties went under contract in an average of 14 days.  Just another gentle reminder that the good ones sell fast and that you need to be ready. The median sale price was 280k.

Sold

In the past 30 days, 32 homes were recorded as “sold” with sellers receiving an average of 99% of the asking price!!  Now, to be honest not every house got their asking price, some were just under asking price and there have been a significant number of offers over asking price which prompted the 99% stat.  The median sale price was $305k.

We are still seeing a very active market and we expect it to continue into the fall. If you’re thinking of selling, House Logic has some advice:

  1. Update your curb appeal
  2. Get a home inspection
  3. Replace flooring and paint walls
  4. Clean the Basement, Garage and Attic
  5. Consult a stager

You can get all the how-to details in the rest of the article!

Thinking of buying?  Here’s how to increase your purchase power in a seller’s market according to About.com:

  1. Offer at least the list price
  2. Consider a larger earnest money deposit
  3. Don’t request favors
  4. Delay possession and give the seller a few extra days to move
  5. Submit a pre-approval

building-295214_960_720Be sure to get the rest of the great strategies and tips.

Remember, if inventory is tight in the areas you are looking,  new construction is always an option.  Buying or selling, consider me your real estate and community resource. Contact us today!

Pittsford NY Housing Stats

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julyflagHi Friends!  It’s the first Saturday of the month, so the latest stats are headed your way! It’s also 4th of July weekend, so we’ll be quick and to the point, so you can enjoy all the festivities that Pittsford NY has to offer.  All the numbers you need are here in our Pittsford NY Housing Stats Report. Let’s take a look!

Active Listings

Currently, 77 homes are available . The median listing price is 325k.  The price is a tad higher than what we normally see.  Keep in mind, that it’s a hot market for new construction and some higher priced to be built homes are also listed in the mix.

Pending Listings

spreadsheet-28205_640Currently, 76 properties have gone under contract in an average of 7 days on the market. Yes, that fast.  Just be pre-approved and prepared.  New homes come on the market every day and you’ll be ready.  The median price of these properties is 299k.

Sold Listings

In the last 30 days, 52 homes have closed and the median price in Pittsford rose almost 50% from the previous month with many homes receiving their asking price or over. Homes that are fairly priced at market value, really do deserve a fair market value offer.  Trusted real estate professionals have access to the multiple list system and those who are diligent, accurately determine the right price.  For Sale By Owners do not have access to this information or experience in negotiating a fair price.

beach chairsThe summer market is sizzling in Pittsford. While there are still pockets where the inventory is still low, we are starting to see a more balanced market.  As interest rates continue to remain low, more first time buyers will qualify. Those who already own a home are wise to consider a move up home now, rather than waiting.  Contact us today to make your move, find the value of your home or get your finances in order!  Happy 4th.

Average Sale Price in Pittsford NY

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Hello there!  First weekend of the month, so you know what that means.  Time to grab your favorite beverage and get the scoop before you head out on your next weekend adventure.  The spring market brought a flurry of activity as buyers were on the hunt for the perfect home and faced some stiff competition because of the lack of inventory.  Fear not, the tables are starting to turn, or at least move to center a bit as more sellers are opening their pools, showcasing their landscaping and entering the market.  Average Sale Price in Pittsford NY? Number of days on market?  We’ve got you covered.

Active:

valuation-149889_640Currently, there have been 167  properties listed for sale with a median sale price of 370k in Pittsford.

Pending

Currently, 107 properties have gone under contract with a median sale price of $278k.  Number of days on the market?  13, which includes the time to have and negoitiate the home inspection.  Yes, that’s right. Some houses sold in hours which is why it’s important to work with a team that’s on top of their game. (#yourstruly)

Sold

In the last 30 days, 26 properties were recorded as sold with a median sales price of 286k.  On average, 98% of the sellers received their list price and some even received more.

If you’re considering buying a home which is a super wise investment, you’ll need to:

  1.  Get Pre-Approved

    None of this pre-qualification monkey business.  You just did your taxes.  Grab your paperwork and make a plan for a price range you’re comfortable with.  I work with a team of trusted professionals, and I’m happy to make a referral for you.

  2. Be Ready

    spreadsheet-28205_640Most real estate professionals, at least the ones with integrity, want to create an environment where everyone wins and hence they price the home at fair market value.  It’s okay to offer full price , even when it’s only the 2nd home you have seen.  If it fits 8 or 9 out of 10 of your must-have criteria, pull the trigger.  Cinderella tried on the shoe.  It fit.  She didn’t keep shopping.

  3. Be Patient

    Even though the market is starting to balance out, you still may find yourself in a competitive offer situation.  Go ahead and take a swing.  You may hit a home run; you may have to sit back down.  Don’t worry, there will always be another chance to set up to the plate.  It only takes one to be listed to be the right one.

If you’re considering selling

  1.  Get Your Paperwork in Order

    Potential buyers are going to want to know the last time you had the furnace inspected, how old the hot water tank is, whether or not the roof is under warranty.

  2. Don’t Test the Market

    building-295214_960_720Yes, it’s true.  It has been a seller’s market.  It’s tempting to see how high the price will fly.  Be warned, if it flies too high it will become an appraisal issue.  It’s best to price right and actually a little lower than the average which will bring more buyers in more price ranges, wanting to compete for such value.  Guess what happens to the price?

  3. Condition is Important

    In some cases, it makes sense to sell a property as is, in most, it doesn’t.  Take the time to stage your home properly, get the extra leaves out of the bushes and add a fresh coat of paint if need be.  As more homes continue to enter the market, yours won’t be the only show in town.

It’s finally summer in Rochester and it’s an awesome time to make your move.  Contact me today and I’ll get you in the game!

Pittsford Real Estate Report for April

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Hey!  It’s the first Saturday in May, you know what that means!  Grab a cup of coffee or whatever beverage you prefer and join me as we take a look at what’s happened in real estate in our monthly Pittsford Real Estate report.  We’ll bring you the highlights on what’s trending.  If you’re looking for the numbers in your neighborhood specifically, contact us and we’ll make it happen.

Concept of real estate sales growth

The Numbers

Recent numbers show 168 properties available in Pittsford and that number changes by the minute as homes go under contract or are newly listed.

In the month of April alone:

Active

60 homes were listed with a median sales price of 360k

Pending

38 homes went under contract.  The median sales price was 300k with an average of 14 days on the market.

Sold

23 homes were recorded as sold with an average sale price of 299k and sold for 95% of the original list price.

The Trends

While the numbers may seem large, relatively speaking, we continue to lack inventory.  We have seen a rise in the average sale price as competition is increased in a seller’s market.  Interest rates still remain low, which has brought many buyers up to bat.

building-295214_960_720Cries of “low inventory, we need more sellers” are true.  It’s just that sometimes they set off a sense of panic.  If I sell my home, and there is no inventory, where will I go?  Valid question, indeed.  The truth of the matter is we’ve see an unbelievably mild winter, even though Jack Frost took his time hitting the road, which brought out a lot of the buyers early.  As wise consumers realize the advantage of selling now and still getting great interest rates on the next purchase, we’ll see a more balanced market.  It only takes one house to be the right one.  In the meantime, even if it’s temporary and the closing dates don’t line up perfectly, you’ll still have a roof over your head, (we’ll make sure of it) and you will have taken advantage of the best housing market in a decade.   Call our trusted mortgage professional Mike Monile, and get yourself in the game.

If you have any questions about the value of your home, whether you are moving or not, or what your purchase power is, please contact us today and put our experience to work for you

Monthly Housing Report for Pittsford NY

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Concept of real estate sales growth

It’s the first Saturday of the month!  You know what that means! Yes, time to take a quick look at the housing report for Pittsford NY.  Here’s the good news.  You just need to grab your favorite chair and read all the highlights.  We’ve done the research for you!  Here are some recent stats for Pittsford:

ACTIVE

Currently, 131 properties are listed as active with a median list price of 380k.  Whoah, you say that’s a lot of houses. Comparatively, it’s not enough houses for the number of buyers that are out there. If you are thinking of selling your home, you’ll get the best price now as there is less competition.

PENDING

hook-142656_960_72058 homes are pending at an average median price of 300k.  Average days on the market?  22!   Keeping in mind that the status of most properties is not changed until after the home inspection, that’s fast.   If you want to invest in your future and buy a home, that’s awesome!  You’re just going to need to be prepared, not only with a pre-approval from a trusted mortgage provider in the area, but also with an idea of what neighborhoods you like and what your non-negotiables are.  Make a list of your top 10 must haves. If you see a home with 8 of the 10 or higher, make an offer. (#nohomeisperfect) Yes, it’s okay after only one showing.  Yes, it’s okay to pay full price, especially when it’s listed with a reputable, licensed real estate agent who knows the area.

SOLD

In the last 30 days, 16 homes have sold.  The median sale price was 252k.  The stats will change dramatically once the end of the month closings become a matter of record.  Look for more details in next month’s quarterly report.

business-925900_640We’re in a seller’s market, which is great if you’re a seller.  If you’re buying, be ready and be patient.  “What’s for you, will not pass you” and it’s true.  Interest rates are still at historical lows.  The right house will be there and you will be glad you didn’t wait.  In fact, if the right house isn’t there, why not consider building and put our experience to work for you. If you’d like to keep up with the latest trends in your neighborhood, contact us today!

Homes for Sale in Pittsford NY and other Housing Stats

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  • Homes sales have increased for the 5th year in a row! (5.3%)
  • The number of properties decreased slightly.
  • Median sale price increased to 130,000
  • Early pending sales in 2016 show an 8.5%
  • Sweden, Parma and West Henrietta saw the most action.

 

Let’s take a closer look at what has happened with homes for sale in Pittsford NY for the past 30 days.  Recent statistics show:

Active:

Concept of real estate sales growth

112 properties are listed as active with a median sales price of $377k which includes new construction. While that looks like a large number, inventory is actually a little low, which makes it a great time to sell!  We’re using the median sale price instead of average sale price because the extreme highs and lows we sometimes experience in Pittsford, can throw off the accurate picture.

Pending:

31 properties have gone under contract in the last 30 days. The average median sales price was $255k.  There was a 10% increase over the average medium price from January.  Because inventory is lower, homes are selling faster.  No reason to panic, but it does mean that every buyer needs to be prepared to pull the trigger with appropriate pre-qualification paperwork in hand, when the house matches 90%-95% of your criteria. (Please contact our trusted mortgage professional, Mike Monile to get started.)

Sold:

11 properties have closed in the last 30 days.  The average median price was $290k.

What do all these stats mean to you?  It depends on where you live and the actual location and condition of your current home.  We have the numbers you need to understand your home’s value, so please do not hesitate to contact us.

hand-577355_640In general, a tighter inventory creates a seller’s market.  Wise consumers will list now to get the best price.  This market condition doesn’t mean that buyers should wait, especially since interest rates will be on the rise this year; it just means that you need to take into account the big picture.   If you’re selling your home right now and buying another one, depending on the factors we discussed, you’re going to get an excellent price on your home. Will you pay a little more on your next one if you don’t wait?  Maybe, but in the grand scheme of things, it will even out because you’ll be catching the interest rates before they rise. This approach holds true for first time buyers as well. The good news is that we’re here to help you through the process and provide you with the resources you need to make the decisions that are best for you! Contact us today and let’s get started!