Buffalo State College area homes for Sale Market Report June 2008

Another popular area to purchase income producing property is around the Buffalo State campus. Here are the market conditions in this area of Buffalo:

• There are currently 59 multi-family homes for sale in the Buf State area and 6 pending with an average list price of $52,188 ranging from $7,800 to $224,900.
• In the past 30 days there has been 4 closed sales ranging in sold price from $13,813 to $40,000 and having an average sales price of $23,813 and spending an average of 56 days on the market.
• Year to date there has been a total of 31 closed sales averaging $43,504 and spending an average of 51 days on the market. Sales prices ranged from $4,500 to $220,000.

Four-plex Market Report for Buffalo State Area:

• 8 Active listings with an average list price of $63,975 ranging from $24,900 to $99,900
• YTD there has been 3 vlosed sales with an average sold price of $41,633 after an average of 46 days on the market. Homes sold range from $14,000 to $94,000.

Tri-plex Market Report for Buffalo State Area:

• 6 Active listings ranging from $20,000 to $224,900 and an average list price of $70,033
• 5 closed sales YTD with an average sold price of $98,500 after spending an average of 43 days on the market. Homes sold range from $20,000 to $220,000.

Duplex Market Report for Buffalo State Area:

• 43 active listings ranging from $7,800 to $89,898 with an average list price of $46,912
• There are 6 pending listings in this area
• Year to date there has been a total of 23 closed sales averaging #31,792 and spending an average of 53 days on the market. Homes sold range from $4,500 to $117,500.

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

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