Gates NY Real Estate Market Report July 2015

Keith & Kyle Hiscock
Published on August 28, 2015

Gates NY Real Estate Market Report July 2015

Gates New York Real Estate Report – July 2015

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

Gates NY Real Estate Market Report

Gates NY Real Estate Market Report

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

In July 2015 there were 27 homes that closed during the month for Gates NY real estate.  This is 20 fewer homes sold than the 47 homes that closed in July 2014.

  • The average sale price for the homes that closed in July 2014 was $102,236.
  • The average sale price for the homes that closed in July 2015 was $113,975.
  • The average market time (aka Days on Market) for the homes that closed in July 2014 was 32 days.
  • The average market time (aka Days on Market) for the homes that closed in July 2015 was 26 days.
  • The total amount of volume for the homes that closed in July 2014 was $4,805,100.
  • The total amount of volume for the homes that closed in July 2015 was $3,077,321.

Homes Under Contract For July 2015

There were a total of 75 homes in Gates NY that were under contract or sale pending through July 31st, 2015 (of the 75 total homes, 16 homes went under contract during July 2015).  The average market time for these 75 homes was 39 days.  The average list price for these homes under contract was $110,921.

Current Gates, NY Homes For Sale Inventory Levels

There are currently 123 homes on the market in Gates NY.  The average list price is $109,577.  The average market time for these homes is 57 days.  Homes in Gates NY are selling in about 30-45 days, if priced properly.  The market absorption rate, as of August 1st, 2015 was 4.84 in Gates.  This means that if no other homes in Gates were put on the market, it would take 4.84 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 Greater Rochester, NY Market Reports – July 2015


About the authors:  The above information regarding the “Gates NY Real Estate Market Report July 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, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

Visit our website at www.HiscockHomes.com & our blog at www.RochesterRealEstateBlog.com.

Gates NY Real Estate Market Report July 2015
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