June 2008 Homes for Sale $750,000 to $1,000,000 Market Report

Real Estate Market Reports here are usually by specific communities. At times I like to look at some cross segments of the market. One such popular is all homes in a price range. These homes are at the high end of the Western New York Real Estate Market – the Luxury Home Sales. Real Estate in this range in Western New York currently there are:

• 40 Single-family homes for sale in all of Western New York ranging from $999,999 to $769,900 and the average of this range is $874,402.
• In the past 30 days there has been one sale for $615,000 and that home spent a total of 130 days on the market
• Year to date there has been a total of 7 Luxury homes sold in Western New York
• 2007 – 17 single-family luxury homes Average Sold price – $806,171 (58 DOM)
• 2006 – 16 single-family luxury homes Average Sold price – $842,481 (90 DOM)
• 2005 – 19 luxury single-family homes Average Sold price – $876,874 (109 DOM)
• 2004 – 13 single-family luxury homes Average Sold price – $873,969 (68 DOM)
• 2003 – 11 luxury single family homes Average Sold price – $830,618 (33 DOM)
• 2002 – 6 single-family luxury homes Average Sold price – $900,467 (137 DOM)
• 2001 – 6 single-family luxury homes Average Sold price – $846,150 (89 DOM)
• 2000 – 2 luxury single-family homes Average Sold price – $780,000 (33 DOM)

Interested in finding out the current market value of your Western New York luxury home? Then call Colleen Kulikowski at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market or fill out our request form below.

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