Cheektowaga Single-family homes Market Report May 2008

Here are the market conditions in Cheektowaga NY in the past 30 days there has been a good number of closed sales resulting in an absorption rate of 4.5 months of inventory if sales continue at this pace.  Here is a brief summary of the Cheektowaga Real Estate Market:

• There are currently 14 pending/under contract sales
• There are 248 active single-family homes for sale averaging a list price of $94,187
  • Highest List priced home:  $349,900
  • Lowest list priced home: $13,000
• In th past 30 days there has been a total fo 57 closed sales in Cheektowaga with an average sales price of $96,342 whch spent an average of 54 days on the market (DOM)
  • Highest sold in the past 30 days:  $318,300 (192 DOM)
  • Lowest sold inthe past 30 days:  $7,000 (1 DOM)
• Year to date there has been a total of 185 homes sold in Cheektowaga for an average sales price of $90,296 and spending an average of 70 days on the market.
  • Highest sold YTD:  $330,000 (343 DOM)
  • Lowest sold YTD: $7,000 (0 DOM)

2007 Single Family Sales in Cheektowaga:

• 752 Sold listings with an average sold price of $86,053 and the average days on the market were 57 days.
• The highest sold Single Family home in Cheektowaga was a 7 bedroom, 4 bath over 3,000 sf home that was listed from $239,900 and sold for $232,500 and was on the market for 377 days.
• The lowest priced sold Single Family home in Cheetowaga was a 2 bdroom 1 bath home that was listed for $6,000 sold for $5,500 with no days on the market.

Recent Market Reports:

• Cheektowaga NY Single-family home Market Report – March 2008
• Cheektowaga NY Single Family Homes Market Report 2007