Gates NY Real Estate Market Report December 2015

Keith & Kyle Hiscock
Published on January 21, 2016

Gates NY Real Estate Market Report December 2015

Gates New York Real Estate Report – December 2015

Want to see what has gone on in the Gates real estate market during the month of December along with year over year comparisons?  Here is the Gates NY real estate market report December 2015 edition.

Gates NY Real Estate Market Report

Gates NY Real Estate Market Report

Gates NY Real Estate Activity For December 2015 vs. December 2014

In December 2015 there were 14 homes that closed during the month for Gates NY real estate.  This is 8 less homes sold than the 22 homes that closed in December 2014.

  • The average sale price for the homes that closed in December 2014 was $110,848.
  • The average sale price for the homes that closed in December 2015 was $108,986.
  • The average market time (aka Days on Market) for the homes that closed in December 2014 was 40 days.
  • The average market time (aka Days on Market) for the homes that closed in December 2015 was 31 days.
  • The total amount of volume for the homes that closed in December 2014 was $2,438,650.
  • The total amount of volume for the homes that closed in December 2015 was $1,427,800.

Homes Under Contract For December 2015

There were a total of 44 homes in Gates NY that were under contract or sale pending through December 31st, 2015 (of the 44 total homes, 11 homes went under contract during December 2015).  The average market time for these 44 homes was 61 days.  The average list price for these homes under contract was $98,997.

Current Gates, NY Homes For Sale Inventory Levels

There are currently 91 homes on the market in Gates NY.  The average list price is $108,570. The average market time for these homes is 78 days.  Homes in Gates NY are selling in less then 40 days, if priced properly.  The market absorption rate, as of January 1st, 2016 was 3.64 in Gates.  This means that if no other homes in Gates were put on the market, it would take 3.64 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Gates NY real estate market?  Employ the services of a local Gates real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Gates NY Homes for Sale

For a complete list of available real estate in Gates NY, visit Gates NY Homes for Sale.  Make sure to subscribe to our blog so you don’t miss out on any Gates homes.  Contact us to find out what your Gates NY home is worth and to discuss your housing needs.

Other December 2015 Greater Rochester NY Real Estate Market Reports


About the authors:  The above information regarding the “Gates NY Real Estate Market Report December 2015” was provided by the Keith Hiscock Sold Team.  Keith Hiscock & Kyle Hiscock have over 30 years combined experience.  If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Gates, Penfield, Pittsford, Fairport, Brighton, Gates, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Gates, and Gates NY.

Visit our blog at www.RochesterRealEstateBlog.com.

Gates NY Real Estate Market Report December 2015
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