Living in Canandaigua, NY
Canandaigua, NY, nestled in the Finger Lakes region, is known for its picturesque lake views and charming downtown area. The city offers a mix of historic and modern amenities, making it an attractive place for families and retirees alike. Outdoor enthusiasts enjoy easy access to boating, fishing, and hiking trails, while cultural events and festivals keep the community engaged throughout the year.
Current Market Conditions in Canandaigua, NY
The real estate market in Canandaigua has remained relatively stable with a growing interest from both local and out-of-state buyers. The Finger Lakes region’s appeal, especially the lakeside properties, has attracted those seeking vacation homes or permanent residences in a scenic area. The market offers a healthy mix of single-family homes, condos, and unique historic properties.
With limited inventory in desirable areas at the lake, certain segments of the Canandaigua market are experiencing competitive bidding situations. Many buyers are drawn to the area's lifestyle, climate, and recreational activities, resulting in steadily increasing home values.
Home Value Estimator For Canandaigua, NY
There are currently 12,770 real estate properties
in Canandaigua, NY,
with a median automated valuation model (AVM) price
of $287,360.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Canandaigua, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Canandaigua, NY,
is $397,401.00, with the most expensive house
in Canandaigua, NY, topping out
at $54,862,004.00 and the cheapest home
in Canandaigua, NY,
clocking in at $18,039.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Canandaigua, NY!
Rent Prices
In Canandaigua, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Canandaigua, NY, is on
a rollercoaster ride. The
average rent price in Canandaigua, NY,
is $1,463.00. Indeed, when looking to rent in
Canandaigua, NY, you can expect to pay as little
as $780.00 or as much
as $2,740.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Canandaigua, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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