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Real Estate Deal Analysis & Advice

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Mark Updegraff
Property Manager
  • Investor
  • Rochester, NY
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19th ward multi's coming out hot in Rochester NY spring market

Mark Updegraff
Property Manager
  • Investor
  • Rochester, NY
Posted Mar 14 2015, 16:43

Looking at some of the recent stats in the 19th ward, it looks like there is a pent up demand for multi units.  Perhaps it is just the surge of the spring market, or perhaps its an indicator of values on the rise.  If you were following the Fairview duplex you noticed that it had 2 offers first day on market and 8 by the time they were presented the following day.  Then the Stanfield duplex had an offer on it first day on market as well.  The single market is also pretty strong for decent stock.  It looks like someone is flipping a house on Arnett and the pictures look really good.  I'm wondering what that will end up closing for, if it is anywhere near what they're looking for we're going to see a huge up tick in people trying to cash in.  

Supply, meet demand!

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