Update on Penn Yan Real Estate Market

Facts About Penn Yan Real Estate

So how does the Penn Yan NY real estate market look these days? Currently Penn Yan has a average listing price for homes for sale of $315,140. The Yates county average currently is $317,936.

The current number of properties on the market in Penn Yan is 101. The Penn Yan median listing price is $203,425.

If you remove the lakefront listings from the data, you will find much lower numbers.

Penn Yan has a culmination of various styles of homes; from simple capes to classic Victorians in the Village and fishing shacks (just a few left) to multi-mllion dolar homes on the shores of Keuka Lake.  If we are talking Yates County, the homes include some areas of Seneca Lake and Canandaigua Lake.

For Yates county real estate the total listings are 220 and a median listing price of $204,950. This compares to New York real estate data, which this week shows a total number of listing                                         properties as 127,173 with a median listing price of $324,999.

For more detailed information in Penn Yan or in the Finger Lakes, contact Dave Reeve @ 315-536-8004 or myself.  We look forward to hearing from you !

 

  1. James Bupp

    Mary,

    Have the noticed the economic progress being made by the Old Order Mennonites in the Penn Yan area? Take a drive on route 364. Twelve years ago, there were a lot of old broken down and abandoned farms there. Now,there are new barns and buildings going up each year. Their economic model keeps the money(wealth)in the local area. It’s a model that most have forgotten in Upstate NY – especially our politicians.I’m sure that these people will never buy a lakefront home from you as they don’t have time for leisure, but they are productive group of hard working people.

    Jim Bupp

  2. marystgeorge

    Jim, you bring up a very important point and I am glad you noticed. The Mennonite community has really made a positive change when they started purchasing farmlands in the area. They are usually neat and tidy and have been a huge improvement over some of the abandoned farms of years back. Their businesses flourish as well without the assistance of state and federal monies. They are indeed part of the reason people feel “good” about driving through the area.

Leave a Reply

Copyright © 2007 Buying and Selling Waterfront Properties in the Finger Lakes     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Mary St. George