Lewiston Real Estate Market Report

Current Real Estate Market Conditions for Lewiston NY

March 9, 2013

• There are 51 active listings with an average list price of $316,681 ranging from $79,000 to $4,850,000
• There are 26 pending/under contract sales and in the past thirty days there has been 8 closed sales with an average of sold price of $198,613 spending an average of 84 days on the market
• YTD there has been 15 closed sales with an average sold price of $191,193 spending an average of 89 days on the market

Selection of Lewiston Homes for Sale

 

Past Market Stats for Lewiston NY

February 19, 2013

• There are 46 active listings with an average list price of $223,383 ranging from $89,900 to $749,000
• There are 28 pending/under contract sales and in the past thirty days there has been 3 closed sales with an average of sold price of $206,867 spending an average of 186 days on the market
• YTD there has been 6 closed sales with an average sold price of $162,600 spending an average of 169 days on the market

November 7, 2012

• There are 66 active listings with an average list price of $246,833 ranging from $69,900 to $1,100,000
• There are 32 pending/under contract sales and in the past thirty days there has been 5 closed sales with an average of sold price of $186,480 spending an average of 112 days on the market
• YTD there has been 83 closed sales with an average sold price of $152,395 spending an average of 85 days on the market

• Highest – $475,000
• Lowest – $45,000

June 29, 2012

• There are 77 active listings with an average list price of $247,155 ranging from $80,000 to $899,000
• There are 33 pending/under contract sales and in the past thirty days there has been 7 closed sales with an average of sold price of $128,661 spending an average of 103 days on the market
• YTD there has been 37 closed sales with an average sold price of $146,093 spending an average of 95 days on the market

• Highest – $440,000 – 411 days on the market
• Lowest – $45,000 – 3 days on the market

May 27, 2012

• There are 84 active listings with an average list price of $245,839 ranging from $80,000 to $899,000
• There are 25 pending/under contract sales and in the past thirty days there has been 6 closed sales with an average of sold price of $177,692 spending an average of 56 days on the market
• YTD there has been 30 closed sales with an average sold price of $150,160 spending an average of 93 days on the market

• Highest – $440,000 – 411 days on the market
• Lowest – $45,000 – 3 days on the market

March 19, 2012

• There are 73 active listings with an average list price of $265,658 ranging from $80,000 to $979,000
• There are 20 pending/under contract sales and in the past thirty days there has been 6 closed sales with an average of sold price of $116,317 spending an average of 143 days on the market
• YTD there has been 16 closed sales with an average sold price of $129,275 spending an average of 103 days on the market

• Highest – $230,000 – 379 days on the market
• Lowest – $45,000 – 3 days on the market

February 16, 2012

• There are 67 active listings with an average list price of $257,867 ranging from $80,000 to $1,100,000
• There are 26 pending/under contract sales and in the past thirty days there has been 5 closed sales with an average of sold price of $156,700 spending an average of 53 days on the market
• YTD there has been 9 closed sales with an average sold price of $138,944 spending an average of 83 days on the market

• Highest – $230,000 – 379 days on the market
• Lowest – $45,000 – 3 days on the market

• 2010 Lewiston NY Sold Homes
• 2009 Sold Lewiston NY Single Family Homes

Year	#Sold	Average Sold Price	Average DOM	Highest Sold Price	Highest DOM	Lowest Sold Price	Lowest DOM
2009	112	$152,075	57	$459,900	370	$51.000	0
2008	130	$168,063	61	$995,000	240	$37,000	0
2007	125	$167,098	77	$672,000	545	$31,000	0
2006	142	$153,264	73	$600,000	464	$22,000	0

Smart sellers in Lewiston will price their homes at or just below the current comparable sales to ensure that their home will sell. Sales in Lewiston are below the sales last year at this time of 117 closed sales with an average closed price of $171,043 spending an average of 58 days on the market. Keep in mind that the highest sold home last year in Lewiston sold for $995,000 where this year the highest sold for $459,900.

The current absorption rate is climbing as last month it was 67 weeks of inventory and as of today there is 101 weeks of inventory. When you are looking at the absorption rate, it is a snapshot of what is happening at the time it was taken. It is looking at the active homes for sale at the time vs. the number of closed sales in the prior 30 days. So the rate of absorption will vary with the amount of homes available for sale. Here is the how the absorption rate looks historically:

# of Weeks	Date
100.53	11/14/09
66.86	10/17/09
41.17	8/1/09
50.14	7/1/09
28.17	5/31/08
32.30	4/25/09
125.67	3/18/09
85.58	2/9/09
n/a	12/28/08
30.33	12/1/08
44.78	9/24/08
25.13	8/16/08
40.44	6/1/08
29.33	5/3/08
35.97	4/7/08

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

Past Lewiston NY Market Reports

August 24, 2011

• There are 81 active listings with an average list price of $228,625 ranging from $89,900 to $699,000
• There are 36 pending/under contract sales and in the past 30 days there has been 8 closed sales with an average sold price of $165,938 spending an average of 162 days on the market
• YTD there has been 57 closed sales with an average sold price of $171,023 spending an average of 128 days on the market

• Highest – $510,000 – 931 days on the market
• Lowest – $75,000 – 2 days on the market

February 15,2011

• There are 80 active listings with an average list price of $214,944 ranging from $74,900 to $724,900 with days on market:
  • 0-30 days- 13.75%
  • 31-60 days – 12.5%
  • 61-90 days – 10%
  • 91-120 days – 12.5%
  • 120+ days – 51.25%
• There is 13 pending/under contract sales and in the past 30 days there has been 2 closed sales with an average sale price of $181,133 spending an average of 78 days on the market .

January 17,2011

• There are 77 active listings with an average list price of $213,692 ranging from $74,900 to $724,900 with days on market:
  • 0-30 days- 14.29%
  • 31-60 days – 11.69%
  • 61-90 days – 11.69%
  • 91-120 days – 18.18%
  • 120+ days – 44.16%
• There is 11 pending/under contract sales and in the past 30 days there has been 2 closed sales with an average sale price of $151,100 and an average of 85 days on the market.

December 21, 2010

• There are 74 active listings with an average list price of $224,271 ranging from $84,900 to $724,900
• There are 18 pending/under contract sales and in the past thirty days with an average sold price of $151,383 spending an average of 128 days on the market
• YTD there has been 124 sold listings with an average sold price of $160,925 spending an average of 82 days on the market
  • Highest closed – $520,000 – 510 days on the market
  • Lowest closed – $25,000 – zero days on the market

November 3, 2010

• There are 84 active listings with an average list price of $211,958 ranging from $90,000 to $724,900
• There are 30 pending/under contract sales and in the past 30 days there has been 9 closed sales with an average sold price of $162,711 spending an average of 90 days on the market
• YTD there has been 102 closed sales with an average closed price of $163,084 spending an average of 79 days on the market
  • Highest closed – $520,000 – 510 days on the market
  • Lowest closed – $25,000 – zero days on the market

October 11, 2010

• There are 84 active listings with an average list price of $223,467 ranging from $43,90 to $749,900
• There are 34 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average sold price of $176,390 spending an average of 155 days on the market
• YTD there has been 93 closed sales with an average sold price of $165,301 spending an average of 125 days on the market
  • Highest closed – $520,000 – 510 days on the market
  • Lowest closed – $25,000 – zero days on the market

September 6, 2010

• There is 91 active listings with an average list price of $220.779 ranging from $40,000 to $749,000
• There are 35 pending/under contract sales and in the past 30 days there has been a total of 9 closed sales with an average sold price of $160,889 spending an average of 63 days on the market
• YTD there has been 77 closed sales with an average sold price of $161,549 spending an average of 81 days on the market
  • Highest closed – $340,000 – 510 days on the market
  • Lowest closed – $25,000 – zero days on the market

August 2, 2010

• There are 96 active listings with an average list price of $225,854 ranging from $40,000 to $749,000
• Days on the Market for Active Listings
  • 0-30 Days on the Market 17.9%
  • 31-60 Days on the Market 15.8%
  • 61-90 Days on the market 26.3%
  • 91-120 Days on the Market 9.5%
  • 120+ Days on the Market 30.5%
• Active Listings by price range

$40,000 – $49,999	1
$50,000 – $59,999	0
$60,000 – $69,999	0
$70,000 – $79,999	3
$80,000 – $89,999	0
$90,000 – $99,999	1
$100,000 – $119,999	7
$120,000 – $139,999	11
$140,000 – $159,999	16
$160,000 – $179,999	14
$180,000 – $199,999	5
$200,000 – $219,999	4
$220,000 – $239,999	4
$240,000 – $259,999	2
$260,000 – $279,999	7
$280,000 – $299,999	3
$300,000 – $349,999	5
$350,000 – $399,999	3
$400,000 – $449,999	3
$450,000 – $499,999	1
$500,000 – $749,999	5

• There are 27 pending/under contract sales and there has been 5 closed sales in the past 30 days with an average sold price of $140,700 spending an average of 48 days on the market
• YTD there has been 62 closed sales with an average sold price of $167,448 spending an average of 71 days on the market
  • Highest closed – $307,000 – 336 days on the market
  • Lowest closed – $87,980 – zero days on the market

June 19, 2010

• There are 97 active listings in Lewiston with an average list price of $223,836 ranging from $52,500 to $749,000
• There are 31 pending/under contract sales and in the past 30 days there has been 6 closed sales with an average closed price of $209,833 spending an average of 124 days on the market
• YTD there has been 43 closed sales with an average closed price of $169,729 spending an average of 95 days on the market
  • Highest closed – $340,000 – 510 days on the market
  • Lowest closed – $25,000 – 3 days on the market

May 24, 2010

• There are 98 active single family homes with an average list price of $230,754 ranging from $52,500 to $749,000
• There are 31 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average closed price of $172,300 spending an average of 53 days on the market
• YTD there are 34 closed sales with an average closed price of $161,910 spending an average of 87 days on the market
  • Highest closed – $340,000 – 510 days on the market
  • Lowest closed – $25,000 – 4 days on the market

April 16, 2010

• There are 90 active listings with an average list price of $239,870 ranging from $86,868 to $749,000
• There are 25 pending/under contract sales and in the past 30 days there have been 10 closed sales with an average closed price of $135,417 spending an average of 71 days on the market
• YTD there has been a total of 25 closed sales with an average closed price of $157,317 spending an average of 100 days on the market
  • Highest closed – $340,000 – 510 days on the market
  • Lowest closed – $25,000 – 4 days on the market

March 9, 2010

• There are 89 active single family homes with an average list price of $222,236 ranging from $82,900 to $799,000
• There are 3 pending/under contract sales and 3 closed sales in the past 30 days with an average closed sale of $219,666 spending an average of 202 days on the market
• YTD there has been 12 closed sales with an average closed price of $167,814 spending an average of 115 days on the market
• Highest closed – $297,000 – 510 days on the market
• Lowest closed – $58,000 – 10 days on the market

February 8, 2010

• There are 84 active listing with an average list price of $227,181 ranging from $82,900 to $799,000
• There is one pending and in the past 30 days there has been 7 closed sales with an average closed price of $156,403 spending an average of 84 days on the market
• Year to date there has been 8 closed sales in Lewiston with an average closed price of $147,478 spending an average of 82 days on the market
• Highest closed – $297,000 – 184 days on the market
• Lowest closed – $58,000 – 10 days on the market

November 14, 2009

• There are 89 active listings with an average list price of $235,820 ranging between $57,000 to $799,000
• There are 27 pending/under contract sales and in the past 30 days there were 5 closed sales with an average closed price of $225,760 spending an average of 31 days on the market
• Year to date there has been 89 closed sales with an average closed sale with an average sold price of $149,263 spending an average of 60 days on the market
• Highest sold – $459,900 – 370 days on the market
• Lowest sold – $51,000 – zero days on the market

Location! Location! Location!

Popular with tourists primarily in the summertime, Lewiston has a lot to offer with its many festivals, fine restaurants, Artpark, and fascinating history. Lewiston is situated on the Niagara River, just across the river from Canada, and is half way between the world famous Niagara Falls and historic Fort Niagara in Youngstown, New York.

Some people say the Town of Lewiston is becoming a new frontier for suburbanite hopefuls – a place poised for the kind of residential interest shown in Clarence and Wheatfield in the last two decades. Whether or not that’s a good thing is up for debate. It is difficult to compare the interest in residential developments, but there is something about Lewiston that has people talking.

Historic Lewiston NY

• Birthplace of Niagara Falls
• Where escaping slaves made their last stop on the Underground Railroad
• Where the cocktail was invented by the power brokers of the Frontier
• Where early French Explorers traded with Local Indians
• Where Commerce was pioneered on the Great Lakes

Historic Look at Lewiston Single Family Home Sales

Year	# Closed Sales	Average Closed Price	Average Days on the Market
2008	129	$167,881	62
2007	125	$167,098	77
2006	142	$153,264	73
2005	158	$156,278	66
2004	156	$153,844	77
2003	137	$132,012	67
2002	139	$140,044	91
2001	137	$140,190	88
2000	147	$130,375	103

Past Market Reports

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
10/17/2009	85	$238,185	$799,000	$65,900	23	7	$178,205	38
8/1/2009	70	$249,101	$799,000	$99,900	6	8	$123,112	51
7/1/2009	75	$245,866	$799,000	$94,500	6	7	$158,318	52
5/31/2009	89	$233,675	$799,000	$74,900	2	14	$128,088	99
4/25/2009	80	$228,025	$799,000	$79,900	2	11	$172,690	72
3/19/2009	79	$232,569	$849,900	$64,900	8	3	$132,700	43
2/9/2009	79	$225,975	$849,900	$89,000	0	4	$157,875	72
12/28/2008	81	$217,184	$849,900	$74,500	2	0	0	0
12/1/2008	86	$222,603	$849,900	$74,500	5	13	$159,023	81
9/24/2008	87	$210,919	$849,900	$74,500	6	9	$182,144	80
8/16/2008	87	$217,626	-	-	0	15	$165,130	55
6/1/2008	84	$210,027	$849,900	$65,000	0	9	$238,711	65
5/03/2008	84	$211,164	$899,900	$70,000	4	13	$170,746	71
4/07/2008	83	$203,110	$1,195,000	$68,000	0	10	$192,400	50

Year to Date Closed Stats

Date	# Closed to date	Average Closed	DOM	Highest Closed	DOM	Lowest Closed	DOM
10/17/2009	79	$147,863	63	$330,000	370	$59,890	0
8/1/2009	52	$144,124	52	$330,000	370	$59,890	0
7/1/2009	43	$147,199	76	$330,000	370	$59,890	0
5/31/2009	36	$145,037	81	$330,000	370	$59,890	0
4/29/2009	21	$156,052	69	$330,000	189	$75,000	0
3/19/2009	9	$139,788	57	$246,500	161	$85,000	19
2/9/2009	5	$148,000	70	$246,500	161	$85,000	19
12/28/2008	122	$170,147	63	$995,000	240	$37,000	0
12.1/2008	123	$170,195	61	$995,000	240	$37,000	0
9/24/2008	90	$177,169	60	$995,000	240	$37,000	1
8/16/2008	76	$180,535	60	$995,000	240	$37,000	1
6/1/2008	48	$185,494	64	$995,000	240	$37,000	2
5/03/2008	31	$172,374	60	$438,000	224	$37,000	2
4/07/2008	21	$176,448	50	$438,000	140	$37,000	2

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

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