Gates New York Real Estate Report – February 2016
Want to see what has gone on in the Gates real estate market during the month of February along with year over year comparisons? Here is the Gates NY real estate market report February 2016 edition.
Gates NY Real Estate Market Report
Gates NY Real Estate Activity For February 2016 vs. February 2015
In February 2016 there were 16 homes that closed during the month for Gates NY real estate. This is 2 less then the number of homes that closed in February 2015.
- The average sale price for the homes that closed in February 2015 was $114,256.
- The average sale price for the homes that closed in February 2016 was $87,781.
- The average market time (aka Days on Market) for the homes that closed in February 2015 was 59 days.
- The average market time (aka Days on Market) for the homes that closed in February 2016 was 67 days.
- The total amount of volume for the homes that closed in February 2015 was $2,056,600.
- The total amount of volume for the homes that closed in February 2016 was $1,404,496.
Homes Under Contract For February 2016
There were a total of 54 homes in Gates NY that were under contract or sale pending through February 29th, 2016 (of the 64 total homes, 24 homes went under contract during February 2016). The average market time for these 64 homes was 54 days. The average list price for these homes under contract was $98,862.
Current Gates, NY Homes For Sale Inventory Levels
There are currently 82 homes on the market in Gates NY. The average list price is $106,866. The average market time for these homes is 68 days. Homes in Gates NY are selling in 65 to 75 days, if priced properly. The market absorption rate, as of March 1st, 2016 was 3.07 in Gates. This means that if no other homes in Gates were put on the market, it would take 3.07 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 February 2016 Greater Rochester NY Real Estate Market Reports
- Chili NY Real Estate Market Report February 2016
- Greece NY Real Estate Market Report February 2016
- Victor NY Real Estate Market Report February 2016
- Ontario NY Real Estate Market Report February 2016
About the authors: The above information regarding the “Gates NY Real Estate Market Report February 2016” 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.