Home Values in Fairport NY

4 Sep

info-908889_640It’s the first Saturday of the month! You know what that means: time for the Home Values in Fairport NY Report. It’s also Labor Day weekend, so as you finish your last minute preparations to get everyone back at school, we hope you might just have an extra second or two to read the numbers. Grab a cup of your favorite coffee and let’s hit it!

In general, we’re seeing an increase in the average sale price, which is great news if you are a seller! We’ve also seen some of the lowest interest rates since 1971, which is awesome news if you are a buyer or someone who is selling and buying!

Once the kids are back into school and we adjust to our fall routines, we anticipate a strong fall market. Some reports indicate that the interest rates will rise slightly and this increase will motivate some to buy sooner than later. In fact that are some awesome reasons to make your move during the fall:

A. Stay Ahead of Mother Nature

You can get somewhere before the snow flies. Well, at least before it starts to pile up.

B. Year End Tax Breaks

Mortgage interest and property taxes are deductible.

C. Buyers and Sellers are Serious

bench-605542_640Spring is usually the busiest season, but Fall is not far behind. Those who are making a move are serious and not just out there window shopping.

Be sure to read the rest of the article from Realtor.com to get all the details.

Let’s take a look at the most recent numbers as they apply to Home Values in Fairport, NY.

Active:

Currently there are 155 properties that are listed as active with an average sale price of 250k.

Pending:

Of homes that were listed in the last  30 days, 80 homes are under contract with an average sale price of 190k and an average number of days on the market of 14.

Sold:

In the last 30 days, 53 homes have sold with an average sale price of 195 at an average of 100% of the asking price.   This percentage reflects the fact that some sellers got over their asking price!!

 

home-366927_640The good news is that home values in Fairport NY are steady and in some cases on the rise. Your home might be worth more than you know. Whether a move is in your future or not, it’s always a smart idea to know your numbers. We would love to help! Contact us today!