It's time to take a look at what happened in the housing market this past week in the eastern suburbs of Rochester, NY, including Brighton, Pittsford, East Irondequoit, Webster, Penfield, and Perinton/Fairport.
Seventeen listings went under contract this past week. One received a contingent offer and is still being shown, four received offers and are no longer being shown, and twelve went pending, which usually means all their contingencies have been removed.
Two of these properties were listed by RealtyUSA, a ranch in Brighton for $149,500 and a cape cod in Perinton needing major rehab for $13,000.
As you can see, the days on the market ranged from zero to 138 days. This shows that price, condition, and location really do make a big difference in today's market!
Ten properties closed this week. This reflects the activity in the market last December, since that's when the majority of them went under contract.
The most notable property to me was the ranch in Brighton at 108 Mayflower Drive. It was owned by an LLC and, based on the condition and the fact that it doesn't look like it's been rehabbed, had presumably been used as a rental. It had the longest days on the market at 118, and ended up selling for almost $25,000 less than the original asking price.
Overall, these listings sold for an average of 95% of the list price. They also averaged 38 days on the market and $96 per square foot.
To me, this data shows that the market is remaining strong in the Greater Rochester area. Seventeen properties going under contract is great for this time of year, and mirrors what I've been finding with my own buyers and sellers; that the "Spring" market really is coming early this year!
Let's go out and make this another fantastic week!
*****
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