Irondequoit NY Real Estate Market Report February 2016

Irondequoit New York Real Estate Report February 2016

Want to see what has gone on in the Irondequoit real estate market during the month of February along with year over year comparisons?  Here is the Irondequoit NY real estate market report February 2016 edition.

Irondequoit NY Real Estate Market Report

Irondequoit NY Real Estate Activity For February 2016 vs. February 2015

In February 2016 there were 26 homes that closed during the month for Irondequoit NY real estate.  This is 12 fewer homes than the 38 homes that closed in February 2015.

• The average sale price for the homes that closed in February 2015 was $110,251.
• The average sale price for the homes that closed in February 2016 was $110,774.
• The average market time (aka Days on Market) for the homes that closed in February 2015 was 44 days.
• The average market time (aka Days on Market) for the homes that closed in February 2016 was 39 days.
• The total amount of volume for the homes that closed in February 2015 was $4,189,540.
• The total amount of volume for the homes that closed in February 2016 was $2,880,130.

Homes Under Contract For February 2016

There were a total of 141 homes in Irondequoit NY that were under contract or sale pending through February 29th, 2016 (of the 141 total homes, 36 homes went under contract during February 2016).  The average market time for these 141 homes was 49 days.  The average list price for these homes under contract was $116,469.

Current Irondequoit NY Homes For Sale Inventory Levels

There are currently 175 homes on the market in Irondequoit NY.  The average list price is $127,412.  The average market time for these homes is 60 days.  Homes in Irondequoit NY are selling in about 30-45 days if priced properly.  The market absorption rate, as of March 1st, 2016 was 2.55 in Irondequoit.  This means that if no other homes in Irondequoit were put on the market, it would take 2.55 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Irondequoit NY real estate market?  Employ the services of a local Irondequoit real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Irondequoit NY Homes for Sale

For a complete list of available real estate in Irondequoit NY, visit Irondequoit NY Homes for Sale.  Make sure to subscribe to our blog so you don’t miss out on any Irondequoit homes.  Contact us to find out what your Irondequoit NY home is worth and to discuss your housing needs.

About the authors:  The above information regarding the “Irondequoit NY Real Estate Market Report February 2016” was provided by the Keith Hiscock Sold Team.  Keith Hiscock & Kyle Hiscock have over 30 years combined experience.  If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.