Brighton NY Real Estate Market Report May 2017 Edition
What Did The Brighton Real Estate Market Do Last Month?
Good afternoon Rochester! We’re already half way through the month of June and summer is only about a week away!
Local Brighton NY Realtors are still experiencing one of the most competitive markets, especially for home buyers. Homes in Brighton are being snatched up in a few short hours after being listed!
In this May 2017 market report for Brighton real estate, you’re going to find out what’s been happening over the past month! There is helpful information pertaining to the current number of homes for sale in Brighton NY, pending sales, and also about the homes sold in Brighton during May.
If you have specific questions about the Brighton NY real estate, comment below or feel free to reach out directly and I’d be happy to answer them.
Single Family Residence Report For Brighton NY
Homes For Sale In Brighton NY
As of today, June 15th, 2017, there are currently 52 homes for sale in Brighton NY. The average list price for the homes for sale in Brighton is currently at $348,854 and have been listed for sale for an average of 32 days.
Brighton real estate is currently one of the top areas in the Greater Rochester area that’s experiencing severe low inventory levels. The number of new listings in May 2017 for Brighton was 57. When comparing to the previous May, there were 13 fewer Brighton homes listed, as there were 70 in 2016.
For another month, the property at 380 Ambassador Drive in Brighton is the most expensive home for sale. This property has been reduced to $1,650,000 from it’s original list price of $1,950,000. This luxury home in Brighton has now been listed for 69 days.
Pending Sales In Brighton NY
There is more than 20.5 million dollars in Brighton real estate currently sale pending. This equates for a total of 82 sale pending homes in Brighton.
The average list price of these homes was $250,912 and the average DOM was only 18 days! This is an incredibly low number of days on market!
The most expensive pending sale in Brighton NY is 2700 East Avenue. This property was listed for $895,000 and went under contract after only 2 days on the market.
Brighton NY Home Sales During May 2017
26 Brighton NY homes sold during May 2017. The average sale price of these 26 homes was $219,895 and the average days on market was only 20 days, which again, is very short!
The number of homes sold during May 2017 was lower than May 2016, mainly due to the lack of homes available for sale in the area. During May 2016, 37 Brighton NY homes sold. The average sale price in May 2016 was $191,176 and the average days on market was 21.
The average sale prices of homes is greater in 2017 because of the demand and shortage of homes for sale in Brighton.
36 Eastland Avenue was the most expensive home sold in Brighton during May 2017. This property was listed for $379,900 and sold for $400,000 in only 3 days. This is a classic example of a multiple offer situation in real estate where buyers are bidding on one property, which drives the sale price well over the asking price!
How Does The Brighton Real Estate Future Look?
If you’re a Rochester NY first time home buyer who is potentially looking for a home in Brighton NY, unfortunately, it will continue to be a competitive market.
Home sellers in Brighton will continue to see quick and profitable sales, until the number of homes for sale in Brighton vastly improves. As summer progresses, the number of homes for sale in the area should improve, but it’s unlikely we’ll see a balanced market for quite some time.
Other Greater Rochester May 2017 Real Estate Market Reports
- Webster NY Real Estate Market Report via Tumblr
- Rochester NY Real Estate Market Report via RealyTimes
This Brighton NY real estate market report — May 2017 edition was provided by Kyle Hiscock. Kyle is a licensed real estate agent in Rochester NY for RE/MAX Realty Group.
Kyle also is the owner and operator of one of the top real estate websites in Rochester, Rochester’s Real Estate Blog. Kyle is active on many social networks including, but not limited to, Facebook, Twitter, Pinterest, Google+, and Linkedin.
If you have more questions about the Rochester real estate market, you can call or text Kyle at 585–704–7095 or by e-mail at kyle@RochesterRealEstateBlog.com.
**The information provided in this real estate market report was provided by the Upstate New York Real Estate Information Service, LLC (UNYREIS) MLS System as of the time and date this market report was published. All information deemed accurate, but not guaranteed.**