Walworth NY Home Sales Report from April 1 2012-May 31, 2012

By
Real Estate Agent with RE/MAX Realty Group Pittsford, NY
https://activerain.com/droplet/BXS

Walworth NY Home Sales

-  Recorded from April 1, 2012- May 31, 2012

Houses in sequence High to low

       List Price           Sale Price           Sale % of List Price    Type of Loan       Seller Concessions 

  1. $104,900          $  99,900               94.37                        FHA                         NO
  2. $284,900          $230,000               80.73                        CASH                       NO
  3. $139,500          $129,500               92.83                        CONV                       NO
  4. $149,900          $159,900                107                          FHA                        YES
  5. $111,900           $114,000               102                          VA                          YES
  6. $224,900           $216,000              96.04                        CASH                       NO   
  7. $229,900           $226,500              98.52                        CONV                       NO
  8. $159,900           $159,900               100                          FHA                         NO
  9. $119,900           $  82,474              68.79                        FHA                         NO
  10. $149,900           $149,900               100                          VA                          YES
  11. $175,000           $165,000              94.29                        CONV                       NO
  12. $114,900           $  95,000              82.68                        CONV                       NO
  13. $157,900           $149,900              94.93                        CONV                       NO
  14. $128,800           $128,000              99.38                        FHA                         YES
  15. $219,900           $213,000              96.86                        VA                           YES
  16. $159,900           $137,000              85.68                        FHA                         YES


Walworth NY Home Sales Market Results:

Average Days on Market:  88        Longest # Days on Market: 261       Shortest # Days on Market: 5

Highest List Price: $284,000           Lowest List Price: $104,900              Average List Price: $162,250

Highest Sale Price: $230,000          Lowest Sale Price: $82,474              Average Sale Price: $153,498

Average Sales % of list Price: 94.61%   # Homes with Price Reductions: 8         


Statistics for Walworth NY Home sales

4/1/2012-5/31/2012.  25% of the homes sold in town ofWalworth NY sold for over 100% of list price.  This could mean many things none of which can be verified.  The results do note that half the listings did have price reductions to keep them competitive with the local market.  Another 25% of Walworth NY homes sold during April and May 2012 sold for less than 86% of listing price. This could also be attributed to many factors.

Of the mortgages obtained by buyers of homes for sale in Walworth, NY: 38% obtained FHA loans, 31% Conventional, 19% Veterans Administration loans and 13% were cash buyers.  It appears all areas of the loan market are represented in the chart above.

The average days on the market for real estate in Walworth NY was just under 3 months with several passing the 4 month or over mark.  None of the price ranges for homes sold faired better or worse when it came to average sales percentage of list price, although the lower housing prices had almost half the listing market.  

All price ranges were represented pretty fairly from low 100K-150K (7 houses), 150K-200K (4 houses), $200K-250K (3 houses) & over 250K (1 house).  This would be considered consistent for this area and income levels represented for the Gananda school district.  Keep in mind this is only the town of Walworth representation, not the school district.

There is good reason to buy houses in Walworth NY and within the Gananda Central School District.  There are deals out there, well priced homes, homes that sell quickly when priced for the market and homes that linger for other reasons.  With the help of a good REALTOR® who knows the Walworth NY real estate market and knowledge of the neighborhood,  buyers interested in purchasing a home will be successful.  Start with an agent by asking them about the local market.        

               

 

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BRAD NEWTON

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BRAD NEWTON-Pittsford NY- CBR®-SFR®-SRES®-Lic. R.E. Salesperson

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