Grand Island NY Real Estate Market Report

Grand Island, is situated between Buffalo and Niagara Falls and is ideally located for those that want to live in Western New York.   Grand Island is home to Fantasy Island and Fucillio Autos and is a great place to call home!   Communities within Grand Island include:

• Falconwood – A hamlet on the southeast shore of the town.
• Ferry Village – A hamlet on the border of Beaver Island State Park.
• Hennepin Road – Road within Grandyle Village named after a French explorer, Louis Hennepin, who observed and described Niagara Falls in 1677.
• Oakfield – A location north of Beaver Island State Park.
• Sheenwater – A location on the west shore of the island.
• Grandyle Village – A small neighborhood located near Beaver Island parkway and the South Grand Island Bridge.
• Sandy Beach – A hamlet in the northeast shore of the island.
• Fairview Court – A hamlet in the southwest shore of the island.
• Sour Springs Grove – A location by the shore in the southeast part of the town.

Current Market Conditions on Grand Island

January 30, 2012

• There are 116 active listings on Grand Island with an average list price of $235,175 . List prices range from a low of $72,900 to a high list price of $639,900.
• There are 33 pending/under contract sales and in the past 30 days (also YTD #’s for this report)  there has been 5 closed sales with an average sold price of $167,340 spending an average of 59 days on the market

A Selection of Grand Island Homes for Sale

Historic Real Estate Information

December 20, 2011

• There are 118 active listings on Grand Island with an average list price of $246,774 . List prices range from a low of $78,500 to a high list price of $650,000.
• There are 34 pending/under contract sales and in the past 30 days there has been 14 closed sales with an average sold price of $184,886 spending an average of 73 days on the market
• YTD there has been 188 closed sales with an average sold price of $189,655  spending an average of 76 days on the market

September 26, 2011

• There are 139 active listings on Grand Island with an average list price of $245,428 . List prices range from a low of $57,900 to a high list price of $639,900.
• There are 47 pending/under contract sales and in the past 30 days there has been 13 closed sales with an average sold price of $195,333 spending an average of 87 days on the market
• YTD there has been 137 closed sales with an average sold price of $184,349 spending an average of 80 days on the market
  • Highest – $490,500 – 485 days on the market
  • Lowest – $42,000 – zero days on the market

  April 4, 2011

  • There are 141 active listings on Grand Island with an average list price of $256,258 . List prices range from a low of $75,000 to a high list price of $800,000.
  • There are 44 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $181,643 spending an average of 84 days on the market
  • YTD there has been 11 closed sales with an average sold price of $178,979  spending an average of 87 days on the market
    • Highest – $490,500 – 219 days on the market
    • Lowest – $50,000 – 4 days on the market

  January 27, 2011

  • There are 137 active listings on Grand Island with an average list price of $266,170 ranging from $65,000 to $800,000
  • There are 26 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $162,492 spending an average of 91 days on the market
  • YTD there has been 11 closed sales with an average sold price of $158,627 spending an average of 93 days on the market
    • Highest – $231,500 – 165 days on the market
    • Lowest – $107,000 – 8 days on the market

  January 8, 2011

  • There are 132 active listings with an average list price of $263,761 ranging from $64,900 to $800,000
  • There are 31 pending/under contract sales and in the past thirty days there has been 7 closed sales with an average sod price of #143,786 spending an average of 73 days on the market
  • Year to date there has been 2 closed sales with an average sold price of $168,000 spending an average of 123 days on the market
    • highest closed – $224,000 – 146 days on the market
    • lowest closed – $112,00 – 100 days on the market

  November 20, 2010

  • There are 149 active listings with an average list price of $259,554 ranging from $50,000 to $800,000 with days on market:
  • • 0-30 days- 16.78%
    • 31-60 days – 20.13%
    • 61-90 days – 13.42%
    • 91-120 days – 10.07%
    • 120+ days – 38.93%
  • There is 36 pending/under contract sale and in the past 30 days there has been 10 closed sales with an average sale price of $162,440 and 64 days on the market.
  • YTD there has been 172 closed sales with an average sold price of $162,440 spending an average of 64 days on the market
  • • Highest closed – $470,000 – 455 days on the market
    • Lowest closed – $22,000 – 0 days on the market
    • Of the closed sales 39.53% of the sales closed under 30 days

  October 10, 2010

  • There are 148 active listings in Grand Island with an average list price of $251,385 ranging from $79,000 to $800,000
  • There are 40 pending/under contract sales and in the past thirty days there has been 5 closed sales with an average sold price of $227,580 spending an average of 44 days on the market
  • YTD there has been 149 closed sales with an average closed price of $179,887 spending an average of 66 days on the market
    • Highest closed – $470,000 – 455 days on the market
    • Lowest closed – $22,000 – zero days on the market

  August 19, 2010

  • There are 150 active listings with an average list price of $257,435 ranging from $24,900 to $875,000
  • There are 27 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $212,450 spending an average of 83 days on the market
  • YTD there were 134 closed sales with an average sold price of $182,036 spending an average of 68 days on the market
    • Highest closed – $445,000 – 455 days on the market
    • Lowest closed – $35,000 – zero days on the market

  July 5, 2010

  • There are 139 active listings with an average list price of $266,051 ranging from $89,900 to $950,000
  • There are 40 pending/under contract sales and in the past 30 days there has been 27 closed sales with an average sold price of $183,724 spending an average of 42 days on the market
  • YTD there has been 108 closed sales with an average sold price of $174,596 spending an average of  68 days on the market
    • Highest closed – $366,000 – 455 days on the market
    • Lowest closed – $35,000 – zero days on the market

  June 11, 2010

  • There are 131 active listings with an average list price of $269,142 ranging from $86,900 to $950,000
  • There are 60 pending/under contract sales and in the past 30 days there has been 22 closed sales with an average sold price of $161,318 spending an average of 77 days on the market
  • YTD there has been 79 days on the market with an average sold price of $172,759 spending an average of 77 days on the market
    • Highest closed – $365,000 – 455 days on the market
    • Lowest closed – $35,000 – zero days on the market

  May 9, 2010

  • There are 113 active listings with an average list price of $266,107 ranging from $80,000 to $950,000
  • There are 67 pending/under contract sales and in the past 30 days there were 12 closed sales with an average closed price of $149,947 spending an average of 62 days on the market
  • There are 54 closed sales YTD with an average closed sale $180,605 spending an average 78 days on the market
    • Highest closed – $365,000 – 358 days on the market
    • Lowest closed – $53,500 – zero days on the market

  April 11, 2010

  • There are 107 active listings with an average list price of $264,048 ranging from $89,000 to $950,000
  • There are 5 pending/under contract sales and in the past 30 days there were 10 closed sales with an average closed price of $191,340 spending an average of 75 days on the market
  • YTD there are 39 closed sales with an average closed price of 184,482 spending an average of 77 days on the market
    • Highest closed – $365,000 – 256 days on the market
    • Lowest closed – $53,500 – 3 days on the market

  March 1, 2010

  • There are currently 87 active single family homes for sale on Grand Island with an average list price of $243,566 ranging from $78,000 to $575,000
  • There are 9 pending/under contract sales and in the past 30 days there has been 13 closed sales with an average closed price of $177,476 spending an average of 99 days on the market
  • YTD there has been 21 closed sales with an average closed price of $190,814 spending an average of 85 days on the market
    • Highest sold – $349,000 – 256 days on the market
    • Lowest sold – $85,000 – 3 days on the market

  February 1, 2010

  • There are 84 active listings with an average list price of $233,706 ranging from $59,900 to $575,000
  • There are 9 under contract/pending sales on Grand Island with 6 closed sales in the past 30 days with an average closed price of $222,816 spending an average of 33 days on the market
  • In 2009 there were a total of 177 closed sales on Grand Island with an average closed price of $183,548 spending an average of 65 days on the market
  • Highest closed – $ 625,000 – 384 days on the market
  • Lowest closed – $35,000 – zero days on the market

  November 17, 2009

  • There are currently 96 active listings with an average list price of $234,691 ranging from $69,900 to $589,987
  • There are 35 pending sales and in the past 30 days there has been 8 closed sales with an average closed price of $168,125 spending an average of 35 days on the market
  • Year to date there are 148 closed sales with an average closed price of $188,801 spending an average of 66 days on the market
    • Highest sold – $574,000 – 384 days on the market
    • Lowest sold – $48,100 – zero days on the market

  Active/pending/prior 30 days

  Date	# of Active	Average List Price	Highest List Price	Lowest List Price	# Pending Sale	# closed sales past 30 days	Average Closed Price	Average DOM
  October 16, 2009	98	$242,374	$999,900	$70,000	38	10	$178,890	41
  August 3, 2009	92	$246,806	$999,900	$49,900	5	17	$200,389	59
  July 4, 2009	108	$246,401	$999,900	$49,900	6	10	$172906	71
  May 2, 2009	78	$260,782	$1,199,900	$64,900	5	14	$178,578	66
  March 19, 2009	81	$251,783	$739,000	$64,900	1	11	$240,000	125
  December 31, 2008	83	$257,3900	$749,500	$64,900	5	0	0	—
  December 2, 2008	85	$247,437	$699,999	$64,900	3	13	$173,488	109
  November 12, 2008	97	$244,983	$799,000	$64,900	4	13	$225,869	74
  September 3, 2008	105	$229,347			0	17	$209,156	56
  August 6, 2008	105	$246,330	$799,000	$70,000	2	22	$198,382	38
  July 14, 2008	108	$257,863	$899,000	$77,900	3	15	$195,500	58
  March 20, 2008	87	$266,187	$799,500	$64,000	1	17	$186,671	61
  May 2, 2008	93	$259,933	$799,000	$69,000	5	15	$193,933	53

  Year to Date Closed Stats

  Date	# Closed to date	Average Closed	DOM	Highest Closed	DOM	Lowest Closed	DOM
  October 16, 2009	136	$190,471	69	$574,000	384	$48,100	0
  August 3, 2009	91	$187,076	68	$419,000	287	$48,100	1
  July 4, 2009	73	$184,380	70	$350,000	287	$79,900	1
  May 2, 2009	45	$186,178	82	$350,000	287	$79,500	1
  March 19, 2009	23	$191,968	99	$350,000	210	$79,500	9
  December 31, 2008	198	$189,320	64	$650,000	240	$41,600	0
  December 2, 2008	186	$188,575	65	$650,000	290	$41,600	0
  November 12, 2008	175	$189,857	63	$650,000	290	$41,600	0
  September 3, 2008	131	$182,241	58	$650,000	290	$41,600	0
  August 6, 2008	114	$176,228	58			$41,600	290
  March 20, 2008	34	$160,000	65	$442,500	259	$41,600	290
  May 2, 2008	57	$182,221	62	$442,500	259	$95,000	0

  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.

  

  Thinking of selling your Grand Island 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.

  Our Featured Homes for Sale:

  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. © 2011 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.