Buffalo NY Real Estate at a Glance Allentown March 2008

Finding a perfect home in Allentown

Allentown is a trendy community in downtown Buffalo NY.   Many of you may recognize the name Allentown from the famous Allentown Art Festival held there each year.   Allentown is rich in history and is guided by The Allentown National Historic Preservation District.  Allentown is Main Street to Elmwood, and include Virginia, Allen and North Streets.  Notable Landmarks in Allentown include the Butler Mansion, Wilcox Mansion, and the Mark Twain Home.  Designated a local preservation district in 1978 and listed on the National Registry of Historic Places in 1980, Allentown is one of the first and largest residential historic districts in the United States.  

 

To find out more about the streets in Allentown, check them out at:

 

Real Estate Sales are as follows in Allentown for the period of February 13 – March 13, 2008:

Single Family Homes

• There are 3 active and one pending single family homes on the market at this time ranging from $9,900 to $399,900 and an average of $193,233

• There has been 1 sale of Single-family homes, which sold for $185,000 and spent a total of 80 days on the Market

• There were 33 closed single-family home sales in Allentown in 2007 with an average of $132,671 and 47 Days on the Market (DOM)

• Highest sold in 2007 sold for $390,000 (164 DOM) and the lowest sold in 2007 sold for 5,000 (0 DOM)

Condo/Townhomes

• There are no active or pending listings at this time.

• 1 closed sale YTD in 2008 which sold for $320,000 and spent 50 Days on the Market

 Multi-Family (2-5 units)

• There are currently 10 active and 3 pending sales in Allentown

• The average list price is $122,810 (Highest List price:  $299,900 Lowest List price: 29,900)

• There has been one closed sale in Allentown for $125,000 and was on the market 55 days.

• In 2007 there were 25 closed sales with an average sold price of $79,166 (Highest Sold $300,000 195 DOM and Lowest Sold $6,000 4 DOM)

Apartments (5 or more units)

• 1 Active listing, listed for $549,000 and 1 pending

• 1 sold in 2008 for 99,900 that spent 161 days on the market.

Thinking of selling your Allentown home? Interested in finding out the current market value of your Allentown home? Then call Colleen Kulikowski at (716) 743-5297 to discuss what is happening in today’s Western New York Real Estate Market. View additional WNY Market Area Statistics here.

 

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.