Buffalo State is another popular area that investors purchase Investment property in.  With about 9,000 undergraduates and 2,000 graduate students Buffalo State has a pool of willing tenants.
Here are the numbers for this area of Buffalo:
Multi-Family Homes for Sale
- There are currently 4 pending and 50 active listings with an average list price of $50,234
- In the past 30 days there has been a total of 6 closed sales with an average sod price of $38,263 and spending an average of 56 days on the market.
- Year to date there has been 50 closed sales spending an average of 50 days on the market and an average sold price of $43,214
- Absorption rate for this area is 33.94 weeks
- Average price per square foot is $33.53
Buffalo State Single Family Homes for Sale
- There are no pending and 30 active listings in this area of Buffalo with an average list price of $40,193 rangiing from $5,000 to $99,900.
- There has been one sale in the past 30 days which sold for $30,000 and spent 147 days on the market
- Year to date there has been a total of 20 closed sales with an average sold price of $38,618 and spending an average of 67 days on the market
- Absorption rate for homes in this area is 129.87 weeks
- Average price per square foot is $24.82
If you enjoyed this Buffalo Real Estate article, make sure you subscribe to our RSS feed! You can also follow me on Twitter here. This site is provided to you by Colleen Kulikowski, Licensed Real Estate Salesperson at Turning Key Realty. Colleen specializes in the sale of homes in the Greater Western New York Region of New York state selling homes and condos in all eight WNY counties of Allegany, Cattaragus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming counties.