Victor NY Real Estate Home Sales Market 4/1/12-5/31/12

By
Real Estate Agent with RE/MAX Realty Group Pittsford, NY
https://activerain.com/droplet/C5B

 

Victor NY Real Estate

Home Sales Market 4/1/12-5/31/12

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

  1. $79,900         $  89,900          94.37                         CASH                          NO                    100
  2. $125,000       $108,000           86.40                         CASH                          NO                     47
  3. $125,900       $118,600           94.20                         CONV                          YES                  179
  4. $155,000       $155,000           100                            CONV                          NO                      9
  5. $164,900       $165,000           100.                           CONV                          NO                      5
  6. $190,000       $190,000           100                            Seller                          NO                      1
  7. $199,900       $182,500           91.30                         CONV                          NO                    53
  8. $200,000       $211,500           106                            VA                              YES                   20
  9. $235,000       $225,000           95.74                         CONV                          NO                    98
  10. $225,000       $225,000           100                            CONV                          NO                      9
  11. $249,900       $239,900           96                             FHA                              NO                    30
  12. $249,900       $255,000           102                            CONV                          NO                      2
  13. $269,900       $265,000           98.18                         CONV                          NO                      1
  14. $329,900       $255,000           77.29                         CASH                          NO                   158
  15. $279,900       $270,000           96.49                         CONV                          NO                      9
  16. $314,000       $293,000           93.31                         CONV                          NO                   121
  17. $359,000       $275,000           76.60                         CASH                          NO                   268
  18. $339,900       $336,000           98.85                         CONV                          NO                      8
  19. $339,900       $330,000           97.10                         CONV                          NO                    57
  20. $359,900       $339,900           94.44                         CONV                          NO                    16
  21. $349,900       $344,500           98.46                         CONV                          NO                    14
  22. $349,900       $349,900           100                            CONV                          NO                      1
  23. $349,900       $349,900           100                            VA                              YES                     3
  24. $352,500       $350,500           99.43                         CONV                          NO                      1
  25. $379,000       $363,000           95.78                         CONV                          NO                    46
  26. $399,900       $383,000           95.77                         CONV                          NO                    79
  27. $695,000       $595,000           85.61                         CONV                          NO                   156
  28. $764,900       $745,000           97.40                         CONV                          NO                     48

Victor NY Home Sales Market Results:

Average Days on Market:  55       Longest # Days on Market: 268    Shortest # Days on Market: 1 (3x)

Highest List Price: $764,900          Lowest List Price: $99,900             Average List Price: $297,993

Highest Sale Price: $745,000         Lowest Sale Price: $89,000           Average Sale Price: $286,075

Average Sales % of list Price: 92.88   # Homes with Price Reductions: 7       

 

Statistics for Victor NY Real Estate

4/1/2012-5/31/2012.   28.5% of Victor NY homes, sold for over 100%or more of list price.  This is a good identifier that Victor homes are hot right now and probably receiving multiple bids.  The results do note that 25% of the listings did have price reductions to keep them competitive with the local market.  Only 14% of Victor NY homes sold during April and May 2012 sold for less than 86% of listing price. It is special to note homes sold in Victor NY sell for 95% of their listing price or better.This could also be attributed to many factors.

Of the mortgages obtained by buyers of homes for sale in Victor, NY: 3.5% obtained an FHA loan, 75% Conventional, 7% Veterans Administration loans and 14.3% were cash buyers.  There is a smaller market in Victor NY homes sold for first time home owners.  This may mean more are saving to put down the 20% not, that first time home owners don't purchase in Victor ny.

The average days on the market for Victor NY real estate was just under 2 months with 6 passing the 100 days or over mark.  The $165K-265K price ranges faired best for Victor NY real estate home sales.  There appeared to be no REO's or shorts sales.  11 of the 28 homes sold in 10 days or less with 4 of the homes selling in one day.  Really hot market for Victor NY.   

All price ranges were represented from low 100K-175K, 175K-250K , $250K-375K  &  375K over 375K      (3 house).  This would be considered consistent Victor NY homes for sale and income levels represented for the Victor school district.  Keep in mind this is only the town of Victor representation, not the school district.

There is 100 reasons to buy real estate in Victor NY and within the Victor Central School District.  There are deals out there, well priced homes, homes that sell VERY quickly when priced for the market and homes that linger for other reasons.  With the help of a good Victor NY REALTOR® who knows the Victor 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.        

 

 

 

Posted by

Helping Families Make the Right Move!

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BRAD NEWTON

Cell: 585-236-7780  Office: 585-500-4511  

Email: BradNewton@Remax.net

Website: NewtSells.com

 

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If you have questions about buying, selling, renting or investing in the Rochester NY market call/text 585-236-7780 or email Brad at BradNewton@Remax.net.  

 

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Rainmaker
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Laura Cerrano
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Laura

Jun 05, 2012 02:01 PM #1
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BRAD NEWTON-Pittsford NY- CBR®-SFR®-SRES®-Lic. R.E. Salesperson

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