Penfield New York Real Estate Report – March 2014

Want to see what has gone on in the Penfield real estate market during the month of March 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 March 2014 vs. March 2013

In March 2014 there were 20 homes that closed during the month for Penfield NY real estate.  This is 2 fewer than the 22 homes that closed in Penfield NY in March 2013.

  • The average sale price for the homes that closed in March 2013 was $184,170.
  • The average sale price for the homes that closed in March 2014 was $221,975.
  • The average market time (aka Days on Market) for the homes that closed in March 2013 was 62 days.
  • The average market time (aka Days on Market) for the homes that closed in March 2014 was 51 days.
  • The total amount of volume for the homes that closed in March 2013 was $4,051,740.
  • The total amount of volume for the homes that closed in March 2014 was $4,439,500.

Homes Under Contract For March 2014

There were a total of 54 homes in Penfield NY that were under contract or sale pending through March 31st, 2014 (of the 54 total homes, 28 homes went under contract during March 2014).  The average market time for these 54 homes was 54 days.  The average list price for these homes under contract was $232,571.

Current March Homes For Sale Inventory Levels

There are 133 homes on the market in Penfield NY.  The average list price is $273,629.  The average market time for these homes is 107 days.  Homes in Penfield NY are selling in about 60 days if priced properly.  The market absorption rate, as of April 1st, is 3.96 in Penfield .  This means that if no other homes in Penfield were put on the market, it would take 3.96 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 March 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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