Penfield NY Real Estate Market Report February 2014

Kyle Hiscock
Published on March 13, 2014

Penfield NY Real Estate Market Report February 2014

Penfield New York Real Estate Report – February 2014

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

Penfield NY Real Estate Market Report

Penfield NY Real Estate Market Report

Penfield NY Real Estate Activity For February 2014 vs. February 2013

In February 2014 there were 15 homes that closed during the month for Penfield NY real estate.  This is down from the 17 homes that closed in Penfield NY in February 2013.

  • The average sale price for the homes that closed in February 2013 was $221,666.
  • The average sale price for the homes that closed in February 2014 was $205,307.
  • The average market time (aka Days on Market) for the homes that closed in February 2013 was 71 days.
  • The average market time (aka Days on Market) for the homes that closed in February 2014 was 61 days.
  • The total amount of volume for the homes that closed in February 2013 was $3,768,322.
  • The total amount of volume for the homes that closed in February 2014 was $3,079,600.

Homes Under Contract For February 2014

There were a total of 41 homes in Penfield NY that were under contract or sale pending through February 28th, 2014 (of the 41 total homes, 11 homes went under contract during February 2014).  The average market time for these 41 homes was 71 days.  The average list price for these homes under contract was $223,725.

Current February Homes For Sale Inventory Levels

There are 126 homes on the market in Penfield NY.  The average list price is $269,242.  The average market time for these homes is 141 days.  Homes in Penfield NY are selling in about 60 days if priced properly.  The market absorption rate, as of March 1st, is 4.06 in Penfield .  This means that if no other homes in Penfield were put on the market, it would take 4.06 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Penfield NY real estate market?  Employ the services of a local Penfield 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 Penfield NY Homes for Sale

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

Other February 2014 Greater Rochester NY Market Reports

 

About the authors:  The above information was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With almost 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.

Visit our website at www.HiscockHomes.com.

© 2014 – 2016, Kyle Hiscock. All rights reserved.

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