What’s Hot in the Greater Rochester, NY Real Estate Market
For most families, selling a home is one of the biggest financial decisions they will ever make. The process can be daunting, with many important questions that need to be answered. Choosing the best Realtor to market and sell your home can make all the difference, turning an otherwise difficult, stressful process into a comfortable, informed experience that you are in control of.
The Greater Rochester, New York real estate market is very stable. Even during the real estate crisis in the late 2000’s, the Greater Rochester area didn’t experience a huge decrease in property values or the number of homes being sold.
With that said, homes are going fast. If you’re planning to sell your home, now is the time. If you’re trying to buy a home, you’ve got to act fast.
Inventory is low so if you’re a buyer you have to be ready, willing and able to go see a home right away. Many buyers are experiencing the inability to make an offer on a home because someone else beat them to the table. Don’t let that happen to you.
Let’s look at some of the areas:
The town of Brighton, NY is a bedroom community of the Greater Rochester area. It’s located to the immediate south in relation to Downtown Rochester and has a population of roughly 35,000 people.
The Brighton real estate market is currently one of the “hottest” real estate markets in the Greater Rochester area. The housing inventory is extremely low. As of September 2015, the market absorption rate was 2.5. The market currently favors sellers, which is great for Brighton homeowners.
The town of Webster, NY is one of quickest-developing communities in Greater Rochester. It’s located to the east in relation to Downtown Rochester and has a population of about 42,000 people.
The Webster real estate market is currently experiencing a large growth. The town has seen a huge increase in not only the number of new homes, but also the number of new commercial buildings.
The Town of Pittsford, NY is one of the most well-known suburbs of Rochester, NY. Pittsford has won numerous awards over the years, including one of the top 100 places to live in the United States.
The Town of Irondequoit, NY is another popular suburb of the Greater Rochester, NY area. It’s unique in the fact that it’s surrounded by water on three sides—Lake Ontario to the north, the Genesee River to the west, and Irondequoit Bay to the east. Irondequoit is one of the largest suburbs of Rochester with a population exceeding 50,000 people.
Could Spencerport, NY be your next home? The Village of Spencerport is within the Town of Ogden and is a village on the Erie Canal. Spencerport has much to offer. The canal provides the community with endless walking/biking ability, as well as boating. The village provides shops/restaurants and entertainment. Do you want to save money – Village Electric is the way to go.
The large suburban Town of Greece is more than forty square miles. As of 2014, Greece’s population was approximately 96,000. Canal Park offers unique access to the Erie Canal, and Greece Community Center features a large gym and a very active senior program along with fitness areas and walking tracks. Communities within the town borders range from areas where you’ll find modest, well-kept homes with strong neighborhood profiles to waterfront properties boasting some of the finest views in Monroe County.
I only mentioned a few towns to paint a picture of the diversity and similarities of the communities. Housing trends vary significantly from one town to another. Ultimately you decide which community best fits your needs. These needs may be based on proximity to work, school, size and style of home. Lots of factors go into selecting a home. It’s a personal decision that only you can make.
My name is Rita Pettinaro. I am a Real Estate agent, who focuses on understanding your needs and then finding that ultimate dream home for you.