real estate market outlook: Market Update (4/09) for Henrietta, Mendon and Pittsford, NY
- 04/06/09 04:24 AM
The most recent statistics for the Henrietta, Mendon and Pittsford, NY areas has just recently become available. It points to a relative stable area of the country and may show that a bottom has been reached here. Overall, the Rochester, NY median sales prices of existing homes on a year-to-year basis ('07-'08) show a decline of -0.8%, over a 5 year period ('03-'08) a gain of 17.7%. In Henrietta, NY this is a one year decline of -3.8%, in Mendon, NY a gain of 2.7% and in Pittsford, NY, a decline of -3.9%. Median sales prices for these areas are $125k, … (0 comments)
real estate market outlook: Mendon, Henrietta and Pittsford Market Update for Aug. '08
- 08/29/08 04:08 AM
Second Quarter statistics from NAR and July's monthly Real Estate activity report from GENRIS are in. For Mendon, Henrietta and Pittsford, NY, once again a mixed bag. For zip code 14506 in Mendon, days on market have improved--10 days average! Price appreciation is 2.68% average. For zip code 14467 in Henrietta, days on market is averaging 30 days and -6.22% drop, for zip code 14534 in Pittsford, 35 days on market and -6.71% drop. For the MLS area as a whole, closings rose over June by 14.4%, but are off 11% year to year. Median sales price is up 5.7% over … (0 comments)
real estate market outlook: Is it perception over reality?
- 06/02/08 01:56 AM
Real Estate markets in Mendon, Pittsford and Henrietta have all gotten positive national press, as has all the greater Rochester area. We are one of the few markets that has price appreciation, average turnover has been between 45 to 63 days in these submarkets, yet the perception on the parts of buyers and sellers in the area remains cautious. Now, even many of the hardest hit areas are starting to report the possibility of a bottom, the local paper's starting to report on the positives in the market and sales are showing on the average a 95% or better sales price … (1 comments)
The answer to this seems to be--a balanced market. According to the GRAR and NAR, sales in the Rochester area haven't felt the impact that other areas of the country have been seeing. Overall, at the end of 2007, sales "dipped" -5.7% and average prices gained 2.2%. Looking forward to 2008 NAR forecasts 1.8% gain in prices and in 2009 a 3.5% gain. Well priced units are selling on an average of 45 days for Nothnagle. Stability in Monroe County is due to it's affordability, most … (0 comments)
The most recent statistics for the Henrietta, Mendon and Pittsford, NY areas has just recently become available. It points to a relative stable area of the country and may show that a bottom has been reached here. Overall, the Rochester, NY median sales prices of existing homes on a year-to-year basis ('07-'08) show a decline of -0.8%, over a 5 year period ('03-'08) a gain of 17.7%.;)
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