Penfield NY Real Estate Market Report May 2014
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Ask Now!Penfield New York Real Estate Report – May 2014
Want to see what has gone on in the Penfield real estate market during the month of May 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 Activity For May 2014 vs. May 2013
In May 2014 there were 26 homes that closed during the month for Penfield NY real estate. This is 6 fewer than the 32 homes that closed in Penfield NY in May 2013.
- The average sale price for the homes that closed in May 2013 was $198,513.
- The average sale price for the homes that closed in May 2014 was $202,908.
- The average market time (aka Days on Market) for the homes that closed in May 2013 was 40 days.
- The average market time (aka Days on Market) for the homes that closed in May 2014 was 55 days.
- The total amount of volume for the homes that closed in May 2013 was $6,352,400.
- The total amount of volume for the homes that closed in May 2014 was $5,275,600.
Homes Under Contract For May 2014
There were a total of 77 homes in Penfield NY that were under contract or sale pending through May 31st, 2014 (of the 77 total homes, 31 homes went under contract during May 2014). The average market time for these 77 homes was 42 days. The average list price for these homes under contract was $217,168.
Current May Homes For Sale Inventory Levels
There are 172 homes on the market in Penfield NY. The average list price is $276,634. The average market time for these homes is 75 days. Homes in Penfield NY are selling in about 60 days if priced properly. The market absorption rate, as of June 1st, was 5.16 in Penfield. This means that if no other homes in Penfield were put on the market, it would take 5.16 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
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Other May 2014 Greater Rochester NY Market Reports
About the authors: The above information regarding the “Penfield NY Real Estate Market Report” 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.
Visit our website at www.HiscockHomes.com.