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 to asking price.  Buyers should take note--low interest rates and the best climate in several years to make an offer.  Sellers should take note--low interest rates and a large pool of potential buyers waiting to make their entry into the market.  Either side that waits too long may miss the opportunity to get the best deal possible.  It's time to get out of the comfort zone and stop listening to popular misconceptions.

 

2 Comments on Is it perception over reality?

JUN
02
2008
166,065 Points

Actually 40 of the 50 states had price appreciation last year.

9:02am • #1
SEP
01
How are you. Those are my principles, and if you don't like them... well, I have others. I am from Qatar and bad know English, give true I wrote the following sentence: "A characterized stratum is a role, a used method is a beard, and a other process is limited as a head." Waiting for a reply :), Yorick.
Yorick
2:39pm • #3

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Scott Ingalls

Rochester, NY

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Nothnagle Realtors

Address: 2920 East Henrietta Rd, Henrietta, NY, 14467

Office Phone: (585) 698-2039

Cell Phone: (585) 489-1528

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