Newfane Real Estate Market Report – October 2011

Newfane Real Estate Market Conditions

October 12, 2011

• There are 52 active homes for sale with an average list price of $122,371 ranging from $28,000 to $359,900
• There are currently 16 pending/under contract sales and in the past 30 days there has been 11 closed sales with an average sold price of $99,386 spending an average of 108 days on the market
• YTD there has been 56 closed sales with an average sold price of $112,855 spending an average of 74 days on the market
  • Highest – $405,000 – 330 days on the market
  • Lowest – $40,000 – 2 days on the market

Selection of Newfane Homes for Sale

Past Market Reports

July 9, 2011

• There are 61 active homes for sale with an average list price of $127,845 spending an average of 61 days on the market
• There are currently 24 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average sold price of $76,800 spending an average of 108 days on the market
• YTD there has been 24 closed sales with an average sold price of $95,260 spending an average of 85 days on the market
  • Highest – $212,000 – 330 days on the market
  • Lowest – $45,000 – 6 days on the market

April 25, 2011

• There are 49 active listings with an average list price of $135,267   ranging from $29,900  to $350,000  with days on market:

• • 0-30 days- 14.29%
  • 31-60 days – 14.29%
  • 61-90 days – 12.24%
  • 91-120 days – 14.29%
  • 120+ days – 42.86%

• There are 21 pending/under contract sales and in the past 30 days there has been 0 closed sales.
• YTD there has been 12 closed sales with an average sold price of $113,417  spending an average of 89 days on the market

• • Highest closed – $212,000 – 330 days on the market
  • Lowest closed – $59,900– 6 days on the market
  • Of the closed sales 25% of the sales closed under 30 days

March 11, 2011

Newfane

• There are 51 active listings with an average list price of $128,037  ranging from $29,900  to $350,000  with days on market:

• • 0-30 days- 13.73%
  • 31-60 days – 25.49%
  • 61-90 days – 5.88%
  • 91-120 days – 9.8%
  • 120+ days – 45.1%

• There are 18 pending/under contract sales and in the past 30 days there has been 2 closed sales with an average sale price of $88,157 with an average of 125 days on the market.
• YTD there has been 7 closed sales with an average sold price of $127,064  spending an average of 56 days on the market

• • Highest closed – $212,000 – 569 days on the market
  • Lowest closed – $63,400– 6 days on the market
  • Of the closed sales 42.86% of the sales closed under 30 days

January 3, 2011

• There are 50 active listings with an average list price of $117,338 ranging between $29,900 to $350,000
• There are 12 pending/under contract sales and in the past 30 days there has been 6 closed saleswith an average sold price of $50,688 spending an average of 94 days on the market
• YTD there has been no closed sales

November 30, 2010

Newfane

• There are 62 active listings with an average list price of $122,198 ranging from $24,900 to $396,000 with days on market:

• • 0-30 days- 11.29%
  • 31-60 days – 12.9%
  • 61-90 days – 17.74%
  • 91-120 days – 6.45%
  • 120+ days – 51.61%

• There are 15 pending/under contract sales and in the past 30 days there has been 3 closed sales with an average sale price of $83,167 with an average of 83 days on the market.
• YTD there has been 60 closed sales with an average sold price of $96,130 spending an average of 68 days on the market

• • Highest closed – $400,000 – 569 days on the market
  • Lowest closed – $16,900– 0 days on the market
  • Of the closed sales 46.67% of the sales closed under 30 days

October 31, 2010

• There are 67 active listings with an average list price of $122,164 ranging from $24,900 to $399,500
• There are 15 pending/under contract sales and in the past 30 days there has been no closed sales
• YTD there has been 55 closed sales with an average sold price of $95,501 spending an average of 68 days on the market
  • Highest closed sale – $400,000 – 569 days on the market
  • Lowest closed sale – $16,900 – zero days on the market

September 29, 2010

• There are 69 active listings with an average list price of $125,494 ranging from $24,900 to $419,900
• There are 9 pending/under contract sales and in the pat 30 days there has been 2 closed sales with an average sold price of $71,050 spending an average of 53 days on the market
• YTD there has been 54 active listings with an average list price of $94,214 spending an average of 68 days on the market
  • Highest closed – $400,000 – 569 days on the market
  • Lowest closed – $16,900 – zero days on the market

August 15, 2010

• There are 63 active listings with an average list price of $130,255 ranging from $24,900 to $419,900
• There are 13 pending/under contract sales and in the past 30 days there has been one closed sale for $82,000 after spending 299 days on the market
• YTD there has been 45 closed sales with an average sold price of $91,178 spending an average of 75 days on the market
  • Highest closed – $400,000 – 569 days on the market
  • Lowest closed – $16,900 – zero days on the market

May 31, 2010

• There are 55 active single family homes for sale in Newfane with an average list price of $127,581 ranging from $19,900 to $419,900
• There are 19 pending/under contract sales and the past 30 days there has been 7 closed sales with an average sold price of $111,417 spending an average of 9 days on the market
• YTD there has been a total of 23 closed sales with an average sold price of $100,926 spending an average of 50 days on the market
  • Highest closed – $400,000 – 188 days on the market
  • Lowest closed – $16,900 – zero days on the market

March 30, 2010

• There are 38 active listings with an average list price of $144,934 ranging from $37,900 to $419,900
• There are 4 pending/under contract sales and in the past 30 days there has been one closed sale for $400,000 after spending 108 days on the market
• YTD there has been a total of 9 closed sales with an average closed price of $114,711 and spending an average of 73 days on the market
  • Highest closed – $400,000 – 108 days on the market
  • Lowest closed – $16,900 – zero days on the market

February 10, 2010

• There are 46 active listings with an average list price of $139,373 ranging from $13,800 to $435,000
• There are 2 pending/under contract and 1 closed in the past 30 days which sold for $85,000 after 55 days on the market
• Year to date there has been two closed sales with an average closed price of $84,90 spending an average of 98 days on the market
  • Highest closed – $85,000 – 141 days on the market
  • Lowest closed – $84,800 – 55 days on the market

January 3, 2010

• There are currently 45 active listings with an average list price of $135,826 ranging from $18,900 to $435,000
• In 2009 there were 63 closed sales with an average closed price of $96,356 spending an average of 73 days on the market
• Highest closed – $350,000 – 217 days on the market
• Lowest closed – $21,000 – 4 days on the market

November 29, 2009

• There are 50 active listings in Newfane with an average list price of %150,523 ranging from $18,900 to $435,000
• There are 17 pending/under contract sales and inthe past 30 days there has been a total of 3 closed sales with an average closed price of $110,600 spending an average of 63 days on the market
• Year to date there has been a total of 56 closed sales with an average closed price of $96,057 spending an average of 75 days on the market
• Highest sold – $350,000 – 217 days on the market
• Lowest sold – $21,000 – 4 days on the market

October 19, 2009

• 58 active listings with an average list price of $152,108 ranging from $18,900 to $410,000
• There are 20 pending/under contract sales and 6 closed sales in the past 30 days with an average closed price of $99,250 spending an average of 67 days on the market
• Year to date there has been 48 closed sales with an average closed price of $94,222 spending an average of 73 days on the market
  • Highest closed – $350,000 – 217 days on the market
  • Lowest closed – $21,000 – 4 days on the market

September 9, 2009

• There are 61 active listings with an average list price of $141,865 ranging from $18,900 to $410,000.
• There are currently 14 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average closed price of $85,071 spending an average of 64 days on the market
• Year to date there has been 42 closed sales with an average closed price of $93,338 spending an average of 75 days on the market
  • Highest sold – $350,000 – 217 days on the market
  • Lowest sold – $21,000 – 4 days on the market

Thinking of selling your Newfane 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, just fill out the form below.   View additional WNY Market Area Statistics here.