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Waterfront Homes of Downtown Buffalo NY Real Estate Market Report

Buffalo Waterfront Market ReportThe city of Buffalo is a Waterfront City with a rich history. The city is dedicated to creating a waterfront that is publicly accessible resulting in a focal point for recreational activity and social opportunity. Downtown Buffalo has some spectacular waterfront homes to call home! The waterfront community in Buffalo is full of opportunity

Read Also: Downtown Buffalo | 1031 Tax Exchange Basics

Current Market Conditions for Waterfront Condos & Townhouses

April 13, 2014

  • There are 15 active listings with an average list price of $438,486 ranging from $164,900 to $685,000
  • There are 2 pending/under contract sales and there has been 3 closed sales in the past 30 days with an average sold price of $317,333 spending an average of 22 days on the market
  • YTD there has been 5 closed sales with an average sold price of $263,167 spending an average of 64 days on the market

Selection of Active Buffalo Waterfront Condos for Sale

Past Waterfront Condo Sales:

  • 2009 there were 29 closed sales with an average closed price of $327,663 spending an average of 67 days on the market
  • 2008 Waterfront Condos in Buffalo NY – 10 closed sales with an average closed price of $239,050 spending an average of 62 days on the market
  • 2007 Sold Condos in the Waterfront – 21 closed sales with an average closed price of $304,833 and an average of 50 days on the market
  • 2006 Waterfront Condos sold – 23 closed sales with an average closed price of $313,782 and an average of 61 days on the market
  • 2005 Sold Condos in the Waterfront – 20 closed sales with an average closed price of $267,247 an average of 71 days on the market
  • 2004 Waterfront Condos sold – 34 closed sales with an average closed price of $246,790 with an average of 42 days on the market
  • 2003 Condos Sold Buffalo Waterfront – 27 closed sales with an average closed price $242,904 spending an average of 68 days on the market
  • 2002 Buffalo Waterfront Condos – 26 closed sales with an average closed price $199,688 spending an average of 58 days on the market
  • 2001 Buffalo Waterfront Condos – 35 closed sales with an average closed price of $203,725 spending an average of 68
  • 2000 Waterfront Buffalo Condos – 29 closed sales with an average closed price of $208,341 spending an average of 74 days on the market

Past Market Reports:

February 13, 2014

  • There are 13 active listings with an average list price of $435,954 ranging from $149,900 to $685,000
  • There are 3 pending/under contract sales and there has been 1 closed sales in the past 30 days for $232,000 spending an average of 168 days on the market
  • In 2013 there were 28 closed sales with an average sold price of $356,339 spending an average of 101 days on the market

September 23, 2013

  • There are 16 active listings with an average list price of $487,299 ranging from $244,777 to $825,000
  • There are 3 pending/under contract sales and there has been 1 closed sales in the past 30 days for $275,000 spending an average of 20 days on the market
  • YTD there has been 22 closed sales with an average sold price of $336,932 spending an average of 85 days on the market

July 21, 2013

  • There are 21 active listings with an average list price of $447,832 ranging from $169,900 to $825,000
  • There are 5 pending/under contract sales and there has been 2 closed sales in the past 30 days with an average sold price of $439,500 spending an average of 82 days on the market
  • YTD there has been 17 closed sales with an average sold price of $360,853 spending an average of 100 days on the market

February 20, 2013

  • There are 8 active listings with an average list price of $500,425 ranging from $179,900 to $989,900
  • There are 3 pending/under contract sales and there has been 2 closed sales with an average sold price of $450,000 spending an average of 93 days on the market
  • In 2012 there were 12 closed sales with an average sold price of $366,179 spending an average of 144 days on the market

November 22, 2012

  • There are 29 active listings with an average list price of $423,407 ranging from $139,500 to $999,999
  • There are 8 pending/under contract sales and there has been no closed sales in the past 30 days
  • YTD there has been 16 closed sales with an average sold price of $413,822 spending an average of 142 days on the market
    • Highest – $755,000
    • Lowest – $275,000

    July 2, 2012

    • There are 37 active listings with an average list price of $426,324 ranging from $145,000 to $1,240,000
    • There are 2 pending/under contract sales and there has been 1 closed sales in the past thirty days for $470,000 spending 391 days on the market
    • YTD there has been 11 closed sales with an average sold price of $484,500 spending an average of 172 days on the market
      • Highest – $755,000 – 391 days on the market
      • Lowest – $275,000- 21 days on the market

      April 17, 2012

      • There are 32 active listings with an average list price of $398,934 ranging from $145,000 to $599,000
      • There are 4 pending/under contract sales and there has been no closed sales in the past thirty days
      • YTD there has been 3 closed sales with an average sold price of $568,333 spending an average of 113 days on the market
        • Highest – $755,000 – 169 days on the market
        • Lowest – $275,000- 21 days on the market

        November 16, 2011

        • There are 37 active listings with an average list price of $416,251 ranging from $154,000 to $899,000
        • There are 4 pending/under contract sales and there has been 1 closed sales in the past thirty days that closed for $395,000 after 491 days on the market.
        • YTD there has been 10 closed sales with an average sold price of $329,700 spending an average of 81 days on the market
          • Highest – $565,000 – 481 days on the market

          Lowest – $250,000- 6 days on the market

        August 30, 2011

        • There are 30 active listings with an average list price of $425,263 ranging from $159,000 to $925,000
        • There are 3 pending/under contract sales and there has been no closed sales in the past thirty days.
        • YTD there has been 8 closed sales with an average sold price of $317,500 spending an average of 39 days on the market
          • Highest closed – $565,000 – 63 days on the market
          • Lowest closed – $250,000- 6 days on the market

          February 27, 2011

          • There are 14 active listings with an average list price of $413,650 ranging from $169,900 to $699,000
          • There are 3 pending/under contract sales and no closed sales in the past thirty days
          • YTD there has been one closed sale for $285,000 after spending 21 days on the market

          January 9, 2011

          • There are 14 active listings with an average list price of $425,664 ranging from $169,900 to $990,000
          • There are 3 pending/under contract sales and no closed sales in the past 30 days
          • YTD there has been no closed sales

          December 5, 2010

          • There are 17 active listing with an average list price of $465,241 ranging from $199,900 to $990,000
            • Of the listings 50% have been on the market 120 or more days while 22.22% hs been on the market less than 30 days
          • There are 3 pending/under contract sales and in the past 30 days there has been 1 closed sale for $230,000 spending 16 days on the market
          • YTD there has been 17 closed sales with an average sold price of $334,306 spending an average of 245 days on the market
            • Highest closed – $565,000 – 824 days on the market
            • Lowest closed – $128,200 – 16 days on the market
            • Of the closed sales 58.82% were on the market greater than 120 days

          November 7, 2010

          • There are 11 active listings with an average list price of $216,491 ranging from $54,900 to $699,000 with days on market:
            • 0-30 days- 18.18%
            • 31-60 days – 27.27%
            • 61-90 days – 18.18%
            • 91-120 days – 9.09%
            • 120+ days – 27.27%
          • There are 10 pending/under contract sales and in the past 30 days there has been 1 closed sale with an average sold price of $279,900 spending an average of 3 days on the market
          • YTD there has been 29 closed sales with an average sold price of $172,076 spending an average of 72 days on the market
            • Highest closed – $555,000 – 196 days on the market
            • Lowest closed – $10,000 – 0 days on the market
            • Of the closed sales 42.86% of the sales closed under 30 days

          October 22, 2010

          • There are 15 active listings with an average list price of $479,886 ranging from $1,995 to $990,000 with days on market:
            • 0-30 days- 6.67%
            • 31-60 days – 26.67%
            • 61-90 days – 13.33%
            • 91-120 days – 6.67%
            • 120+ days – 46.67%
          • There are 4 pending/under contract sales and in the past 30 days there has been 2 closed sales with an average sold price of $257,500 spending an average of 112 days on the market
          • YTD there has been 15 closed sales with an average sold price of $328,547 spending an average of 273 days on the market
            • Highest closed – $565,000 – 824 days on the market
            • Lowest closed – $128,200 – 31 days on the market
            • Of the closed sales 0% of the sales closed under 30 days

          September 21, 2010

          • There are 17 active listings with an average list price of $483,876 ranging from $199,900 to $990,000
          • There are 5 pending sales and in the past 30 days there has been no closed sales
          • YTD there has been 12 closed sales with an average sold price of $346,933 spending an average of 318 days on the market
            • Highest closed – $565,000 – 824 days on the market
            • Lowest closed – $128,200 – 31 days on the market
            • 75% of closed sales were on the market over 120 days

          July 1, 2010

          • There are 20 active listings with an average listing price $374,930 ranging from $199,900 to $685,000
          • There is 4 pending/under contract sales and in the past 30 days there has been 1 closed sale for $128,200 spending 176 days on the market
          • YTD there has been 8 closed sales with an average closed price of #405,650 spending an average of 399 days on the market
            • Highest closed – $555,000 – 824 days on the market
            • Lowest closed – $128,200 0 174 days on the marke

          May 18, 2010

          • There are 21 active listings with an average list price of $367,119 ranging from $180,000 to $685,000
          • There are 5 pending/under contract sales and in the past 30 days there has been 1 closed sale for $255,000 spending 243 days on the market
          • YTD there has been 7 closed sales with an average closed price o $329,928 spending an average of 429 days on the market
            • Highest closed – $555,000 – 824 days on the market
            • Lowest closed – $207,000 – 174 days on the market

          April 15, 2010

          • There are 22 active listings with an average list price of $357,340 ranging from $130,000 to $609,900
          • There are 5 pending/under contract sales and no closed sales in the past 30 days
          • YTD there has been 4 closed sales with an average closed price of $319,875 spending an average of 439 days on the market
            • Highest sold – $417,500 – 824 days on the market
            • Lowest sold – $207,000 – 174 days on the market

          April 15, 2010

          • There are 22 active listings with an average list price of $357,340 ranging from $130,000 to $609,900
          • There are 5 pending/under contract sales and no closed sales in the past 30 days
          • YTD there has been 4 closed sales with an average closed price of $319,875 spending an average of 439 days on the market
            • Highest sold – $417,500 – 824 days on the market
            • Lowest sold – $207,000 – 174 days on the market

          March 23, 2010

          • There are 18 condos for sale with an average list price of $354,050 ranging from $138,000 to $609,900
          • There is one pending/under contract sale and no closed sales year to date

          February 22, 2010

          • There are 16 active listings with an average list price of $347,800 ranging from $138,000 to $599,900
          • There are no pending/under contract sales at this time and there has been one closed sale in the past 30 days that sold for $218,900 spending 824 days on the market (yea I did a double take on that one too!)
          • Year to date there has been two closed sales with an average closed price of $293,500 spending an average of 499 days on the market
            • Highest closed – $380,000 – 824 days on the market
            • Lowest closed – $207,000 – 174 days on the market

          January 17, 2010

          • There are 18 active listings with an average list price of $359,150 ranging from $138,000 to $639,900
          • There are no pending/under contract sales at this time and in the past 30 days there was 1 closed sale that sold for $380,000 spent 174
          • In 2009 there were 29 closed sales with an average closed price of $327,663 spending an average of 67 days on the market
          • Highest closed – $475,000 – 139 closed sales
          • Lowest closed – $198,000 – 4 days on the market

          November 13, 2009

          • There are 24 active listings with an average list price of $336,762 ranging from $138,000 to $639,900
          • There are 4 pending/under contract sales at this time
          • Year to date there has been 7 closed sales with an average closed price of $312,542 spending an average of 55 days on the market
            • Highest sold – $475,000 – 101 days on the market
            • Lowest sold – $198,000 – 4 days on the market

          September 2, 2009

          • There are currently 31 waterfront condos/townhomes for sale in Buffalo with an average list price of $356,977 ranging from $119,900 to $795,000
          • There are no pending sales at this time and there is two sales on the MLS with an average sold price of $239,000 spending an average of 101 days on the market. If you look deeper, it really is one sale, two different agents both claiming the listing.
          • Year to date there has been 6 closed sales on the MLS with an average closed price of $317,133 spending 57 days on the market
            • Highest sold – $475,000 – 101 days on the market
            • Lowest sold – $198,000 – 4 days on the market

          July 30, 2009

          • There are currently 35 active listings on the Buffalo Waterfront with an average of list price of $338,948 ranging from $83,900 to $795,900
          • There are no pending sales and in the past 30 days there has been 2 closed sales with an average closed price $324,000 spending an average of 47 days on the market
          • Year to date there has been a total of 4 closed sales with an average closed price of $355,750 spending an average of 35 days on the market
            • Highest sold – $475,000 – 82 days on the market
            • Lowest sold – $198,000 – 4 days on the market

          June 10, 2009

          • There are currently 31 active condos/townhomes at the Buffalo Waterfront with an average list price of $356,735 ranging from $119,900 to $699,900
          • There are no pending sales and in the past thirty days only one unit has closed for $475,000 after spending 4 days on the market
          • Year to date there has been two closed sales with an average closed price of $387,500 ranging from $300,000 to $475,000

          May 15, 2009

          • There are currently 26 active condos for sale on the Buffalo Waterfront with an average list price of $369,919 ranging from $119,900 to $850,000
          • There are no pending sales and no closed sales year to date on the Buffalo Waterfront
          • There are currently 25 condos for sale in the Buffalo waterfront, and increase of three since the last report with an average list price of $344,972 ranging from $119,900 to $850,000
          • In 2009 there has not been a closed sale in the Buffalo Waterfront Condos

          March 16, 2009

          • There are currently 22 active listings in the Waterfront with an average list price of $381,304 ranging from $119,900 to $850,000
          • There are no pending sales at this time
          • There have been no closed condo sales year to date for the Buffalo Waterfront

          As of February 3, 2009

          • There are currently no pending sales for Waterfront Condo Sales in Buffalo NY
          • There are currently 18 active condos/townhouses for sale in Buffalo with an average list price of $392,316 ranging from $119,900 to $850,000

          December 1, 2008

          • As of December 1, 2008 currently there are 13 active waterfront homes for sale with an average list price of $366,384 ranging from $129,900 to $599,000.
          • No homes sold in the past 30 days and year to date there has been a total 10 closed sales with an average sold price of $293,050 with 62 days on the market.
            • Lowest sold YTD – $199,900 – zero days on the market
            • Highest sold YTD – $470,000 – 134 days on the market

          September 2008

          • Currently there are 6 active waterfront condominiums for sale in the City of Buffalo average list price of $449,917 ranging from $229,900 to $599,900
          • There are no pending sales
          • In the past 30 days there has been one sale that spent zero days on the market and sold for $470,000
          • Year to date there has been a total of 6 Waterfront Condos sold in Buffalo with an average sales price of $307,433
            • Highest sold Buffalo Waterfront Condo sold for $470,000 – 134 days on the market
            • Lowest sold Waterfront condo sold in Buffalo for $240,000 – zero days on the market

      For more information call Colleen Kulikowski

      (716) 650-0051

       

      Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

      What about one of these homes?

      All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
      Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
      search-buffalo-homes buffalo-neighborhoodscontact-best-buffalo-homesbuffalo-home-values get-the-latest-listings-via-email
      All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
      Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2013 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
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