Wednesday, March 14, 2018 / by Brian Ness
Schools can have a big impact on property value and quality of life. If you're buying a home, here are a few reasons local school ratings matter – even if you don't have kids.
1.The next buyer will consider school ratings, too
According to a recent National Association of REALTORS Profile of Home Buyers and Sellers, 25 percent of homebuyers listed school quality and 20 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had ki ...
Monday, April 03, 2017 / by Brian Ness
Rochester Market Report
Lets take a look at the real estate market. Currently there are 340 sales pending in the market overall, leaving 301 listings still for sale. The resulting pending ratio is 53.0% (340 divided by 641). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked!
The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.
Taking a closer look, we notice that the $100K - $200K price range has a relatively large number of contracts pending sale.
We also notice that the $300K - $400K price range has a relatively large inventory of properties for sale at 66 listings. The median list price (or asking price) for all properties in this market is $338,375. ...