Top 5 most expensive homes sold in Greece last year
Despite volatile interest rates, demand continued to remain strong in the greater Rochester housing market during 2022.
“The Rochester real estate market cooled somewhat in 2022 as indicated by the decline in closed sales.” said Mike O’Connor, president of the Greater Rochester Association of Realtors. “The frantic pace of the last couple of years is slowing, but there are still many active buyers who are continually on the lookout for new listings.”
In Greece, the smaller volume of homes on the market continued to drive prices upward. Sales closed on 1,262 homes in the town last year, a decline of 12.2% compared to 2021, according to GRAR data. The median sales price rose 9.7% in 2022 to $192,000, and has risen 44.4% since 2018 when the median sales price was $133,000.
“We expect the housing market to remain active in 2023 despite higher mortgage rates,” said O’Connor.“The historically low number of homes for sale is still the biggest challenge, but continued growth in themedian sales price will entice some sellers to put their home on the market. If buyers remain patient, thereshould be opportunities for them in 2023.”
Single-family home sales in Greece
Here are the five largest single-family home transactions in Greece between Jan. 1, 2022, and the latest available data into November:
65 Shoreway Drive: Sold for $736,300 on Sept. 19.
5 Mill Pond Lane: Sold for $700,000 on April 6.
10 Pine Creek Lane: Sold for $607,000 on July 28.
295 Barclay Court: Sold for $585,000 on Oct. 14.
16 Albury Drive: Sold for $575,000 on Oct. 3.
Search the database: Real estate transactions in New York State since 2004
Commercial building sales in Greece
Here are Greece’s five largest commercial real estate transactions in 2022, based on the latest available data:
1570 Long Pond Road: Classified as a professional building, the property sold for $7,083,374 on Feb. 2. It is home to a kidney dialysis center.
2443 W. Ridge Road: Classified as a professional building, the property sold for $4,025,000 on June 24. It's the current site of a Sleep Number mattress and bed store.
4000 W Ridge Road: Classified as an auto dealership, the property sold for $3,940,000 on Sep. 19. It's the location of the Vision Nissan dealership.
200 Paddy Creek Circle: Classified as a restaurant, the property sold for $3,923,299 on Feb. 25. It currently operates as an Applebee's restaurant.
1081 Long Pond Road: Classified as a professional building, the property sold for $1,600,000 on Jan. 14. The multi-story building hosts a number of medical and legal offices.
Contact reporter Sean Lahman at slahman@gannett.com. Follow him on Twitter @seanlahman.
This article originally appeared on Rochester Democrat and Chronicle: Top 5 most expensive homes sold in Greece NY last year
