Lewiston Homes over $500,000

Lewiston is the kind of community that appeals to a lot of people with the quaint shops on Center Street, the beauty of the waterfront and the electric mix of the arts draws people to the area.   Lewiston is tucked just north of Niagara Falls in Niagara County rich in history and a great community to call home.   There are always amazing things happening in Lewiston from the range of free concerts, the Garden Walk, Tour of Lewiston Kitchens, the beauty of nature and Artpark.   Niagara University calls home to the birthplace of the Falls and Lewiston is rich in history from the Freedom Trail to the War of 1812.

Today I want to look at a particular segment of the market – those home that are a half million dollars or more.   The Lewiston Luxury Market.

First let’s look at the Statistics for homes over $500,000 in Lewiston

March 15, 2012

• There are 6 active listings with an average list price of $836,817 ranging from $649,900 to $979,000
• There is one pending and no closed in the past 30 days
• YTD there has been no closed sales, in fact in the past 24 months there has been 1 closed sale for $520,000 after spending 336 days on the market

Other Market Reports

• Lewiston Real Estate Market Report
• Lewiston Pool Homes Market Report
• Lewiston Homes – $100,000 to $200,000
• Lewiston Homes between $200,000 and $300,000
• Lewiston Homes between $300,000 and $400,000
• Lewiston Homes between $400,000-500,000 Market Report
• Lewiston Homes over $500,000

Selection of Lewiston Homes over $500,000 for Sale

Past Market Reports and Historical Information

May 21, 2011

• There is one active listing over $500,000 and that is listed for $699,000
• There is one pending/under contract sale and no closed sales year to date

March 23, 2011

• There are 2 active listings with an average list price of $707,400 ranging from $689,900 to $724,900
• there is one pending sale and in the past thirty days there has been no closed sales year to date

January 29, 2011

• There are 2 active listings with an average list price of $707,400 ranging from $689,900 to $724,900 with average days spent on the market:
  • 0-30 days- 0%
  • 31-60 days –50%
  • 61-90 days – 0%
  • 91-120 days – 0%
  • 120+ days – 50%
• There are 1 pending/under contract sales and in the past 30 days there has been 0 closed sales.

December 6, 2010

• There are 2 active listings with an average list price of $651,950 ranging from $579,000 to $724,900
• There is one pending/under contract sales and no closed sales in the past thirty days

• YTD there has been 1 closed sales with an average sold price of $520,000 spending an average of 336 days on the market

• Highest closed – $520,000 – 336 days on the market
• Lowest closed – $520,000 – 336 days on the market
• Of the closed sales 0% of the sales closed under 30 days

November 6, 2010

• There are 2 active listings with an average list price of $662,400 ranging from $599,900 to $724,900 with days on market:
  • 0-30 days- 0%
  • 31-60 days – 50%
  • 61-90 days – 0%
  • 91-120 days – 0
  • 120+ days – 50%
• There is 1 pending/under contract sale and in the past 30 days there has been 0 closed sales.
• YTD there has been 1 closed sales with an average sold price of $520,000 spending an average of 336 days on the market
  • Highest closed – $520,000 – 336 days on the market
  • Lowest closed – $520,000 – 336 days on the market
  • Of the closed sales 0% of the sales closed under 30 days

September 23, 2010

• There are 3 active listings with an average list price of $679,600 ranging from $599,900 to $749,000
• There is one closed sale YTD and it happened in the past thirty days for $520,000 after spending 336 days on the market

August 20, 2010

• There are 5 active listing with an average list price of $712,540 ranging from $649,900 to $749,000
• There is one pending/under contract sale and no closed sales YTD

July 1, 2010

• There are 5 active listings with an average list price of $712,540 ranging from $649,900 to $749,000
• There is one pending/under contract sale and there has been no closed sales Year to date

As of May 29, 2010

• There are 6 active listings with an average list price of $692,633 ranging from $550,000 to $749,000
• There are no pending/under contract sales or closed sales according to the MLS in 2009-2010
• In 2008 there was one closed sale for $995,000 after 25 days on the market and the original list price for this home was $1,195,000.
  • Details about the home at 531 Mountain View Drivehome include:
    • 1.8 Acres (Lot size 150 x 520)
    • Built in 1919, Four Bedrooms, 3.1 baths
    • 5,200 Square Feet, 2.5 garage
    • Elevator, Fireplace, Colonial
    • Professional landscaping, on Golf course and spectacular views

• In 2007 there has been two closed sales with an average sold price of $561,000 spending an average of 136 days on the market
  • 5200 Country Club Trail- 3,200 square feet, 1995 built 2 bedroom, 3 bath home
    • Days on the market – 271
    • Original List price $524,000
    • Sold price $450,000
  • 730 Mountain View- 5,460 square feet, 1987 built, 4 bedrooms, 3 full and 2 half baths
    • Currently listed for sale $724,000 MLS # B358696
    • Days on the Market – 1
    • Original List price – $689,900
    • Sold price – $672,000
• In 2006 there were 2 closed sales as well with an average sold price of #570,000 – spending an average of 285 days on the market
  • 345 Oak Street- 4,080 square feet, 1980 built, 4 bedroom 3.5 baths
    • Days on the market – 107
    • Original List price – $645,000
    • Sold price $540,000
  • 551 Mountainview Drive- 7,892 square feet, 1930 built, 8 bedroom 6 full and 3 half baths
    • Days on the market 464
    • Original list price $895,000
    • Sold price – $600,000
• In 2005 there were 2 closed sales with an average closed price of $512,500 spending an average of 117 days on the market
  • 5150 Oakhill Drive - 5,325 square feet, 1990 built 3 bedroom 3.5 half bath home
    • Days on the market – 89
    • Original List price $695,000
    • Sold price $575,000
  • 5192 Country Club Trail- 4,000 square feet, built in 2000 , 4 bedroom 2 full, 2 half baths
    • Days on the market – 146
    • Original List price – $595,000
    • Sold price – $450,000

One could say that price is the reason that these homes are not selling; it is after all, a down real estate market.   I say it has something to do with the way that these homes have been positioned in the overall Real Estate Market.   Until now they have been targeted to the high level executives of many local companies.   I have a different idea — it is using the internet to position homes like these to an untapped market.   Create a demand for these homes because of their value.

Thinking of selling your  Lewiston Luxury home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski 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 Erie County 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.

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