Cheektowaga Real Estate News – August 2010
About Cheektowaga NY
Cheektowaga is a popular suburb of Buffalo NY and is a thriving community with convenient access to all of Western New York. Also calling Cheektowaga home include:
The number of closed sales in 2008 was down from the prior year significantly, but the average closed price was up in 2008 to $88,065. In November there were 277 active listings, so the good news for sellers is that the competition has been reduced. Buyers on the other hand interested in purchasing a home in Cheektowaga are finding that they have some competition for homes and need to be ready to act immediately.
Read Also: Why you should pre-qualify for a mortgage before you start your WNY home search!
Current Real Estate Market Conditions
August 22, 2010
- There are 326 active listings with an average list price of $101,187 ranging from $7,000 to $289,900
- There are 131 pending/under contract sales and in the past 30 days there has been 29 closed sales with an average sold price of $100,522 spending an average of 55 days on the market
- YTD there has been 492 closed sales with an average sold price of $93,020 spending an average of 53 days on the market
- Highest closed – $229,140 – 407 days on the market
- Lowest closed – $6,900 – zero days on the market
Select Cheektowaga Homes for Sale
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Past Market Reports
July 1, 2010
- There are 295 active listings with an average list price of $102,036 ranging from $9,500 to $234,900
- There are 157 pending/under contract sales and in the past 30 days there has been 84 closed sales with an average sold price of $96,398 spending an average of 36 days on the market
- YTD there has been 381 closed sales with an average sold price of $93,714 spending an average of 56 days on the market
- Highest closed – $215,000 – 340 days on the market
- Lowest closed – $6,500 – zero days on the market
May 31, 2010
- There are 285 active listings with an average list price of $101,594 ranging from $13,500 to $240,000
- There are 218 pending/under contract sales and in the past 30 days there has been 52 closed sales with an average closed price of $93,554 spending an average of 61 days on the market
- There are 264 closed sales YTD with an average closed price of $93,075 spending an average of 64 days on the market
- Highest closed – $184,900 – 340 days on the market
- Lowest closed – $6,500 – zero days on the market
April 24, 2010
- There are 292 active listings with an average list price of $104,397 ranging from $15,500 to $240,000
- There are 225 pending/under contract sales and in the past 30 days there has been 59 closed sales with an average closed price of $93,121 spending an average of 61 days on the market
- There has been 174 closed sales year to date with an average closed price of $92,902 spending an average of 64 days on the market
- Highest closed – $161,000 – 300 days on the market
- Lowest closed – $8,500 – 1 day on the market
March 23, 2010
- There are 252 active listings with an average list price of $104,294 ranging from $9,500 to $249,900
- There are 41 pending/under contract and in the past 30 days there has been 28 closed sales with an average closed price of $93,204 spending an average of 50 days on the market
- YTD there were 85 closed sales with an average closed price of $93,976 spending an average of 62 days on the market
- Highest closed – $159,900 – 280 days on the market
- Lowest closed – $8,500 – zero days on the market
February 24, 2010
- There are 249 active listings with an average list price of $102,102 ranging from $7,499 to $249,900
- There are 24 pending/under contract sales and in the past 30 days there has been 22 closed sales with an average closed price of $93,869 spending an average of 63 days on the market
- YTD there have been 46 closed sales with an average closed price of $95,649 spending an average of 67 days on the market
- Highest closed – $159,900 – 280 days on the market
- Lowest closed – $8,500 – 3 days on the market
January 20, 2010
- 266 Active single family homes for sale with an average list price $101,409 ranging from 47,499 to $249,900
- There are 14 pending/under contract sales and in the past 30 days there were 21 closed sales with an average closed sale price of $75,945 spending 73 days on the market
- In 2009 there were a total of 916 closed sales with an average closed price of $90,318 spending an average of 59 days on the market
- Highest closed sale – $270,000 – 610 days on the market
- Lowest closed sale – $6,711 – zero days on the market
| Date | # Active Listings | High List | Low List | Average List | # Pending | # Closed Past 30 days | Average Closed Price | DOM Closed past 30 days |
| 12/12/2009 | 258 | $244,900 | $7,499 | $98,580 | 9 | 63 | $100,420 | 34 |
| 11/17/2009 | 270 | $244,900 | $12,900 | $100,238 | 171 | 59 | $84,988 | 53 |
| 11/5/2009 | 253 | $379,000 | $20,000 | $99,077 | 203 | 31 | $91,191 | 47 |
| 7/1/2009 | 252 | $379,000 | $12,900 | $99,170 | 43 | 87 | $87,115 | 69 |
| 5/16/2009 | 261 | $379,000 | $14,900 | $100,117 | 8 | 50 | $82,842 | 73 |
| 4/18/2009 | 263 | $379,000 | $12,000 | $98,807 | 22 | 37 | $86,863 | 84 |
| 3/20/2009 | 257 | $379,000 | $12,400 | $99,210 | 19 | 29 | $90,269 | 87 |
| 2/19/2009 | 245 | $379,000 | $12,400 | $99,516 | 14 | 32 | $84,212 | 76 |
| 11/12/2008 | 277 | $379,000 | $6,900 | $97,692 | 14 | 61 | $91,539 | 57 |
| 9/2/2008 | 302 | $0 | $0 | $94,545 | 18 | 61 | $94,164 | 54 |
| 8/6/2008 | 284 | $255,525 | $9,900 | $255,525 | 24 | 71 | $90,602 | 60 |
Historical Data
| Date | # Closed YTD | Average Closed YTD | Average DOM YTD | Highest Sold YTD | DOM Highest Sold | Lowest Sold YTD | DOM Lowest Sold | Absorption Rate |
| 12/12/2009 | 850 | $90,536 | 59 | $270,000 | 610 | $6,711 | 0 | 18.36 |
| 11/17/2009 | 773 | $89,468 | 59 | $270,000 | 610 | $6,711 | 0 | 32.39 |
| 11/5/2009 | 551 | $87,675 | 64 | $270,000 | 320 | $6,711 | 0 | 63.74 |
| 7/1/2009 | 289 | $86,080 | 72 | $270,000 | 311 | $6,711 | 0 | 14.69 |
| 5/16/2009 | 163 | $84,642 | 78 | $270,000 | 311 | $6,711 | 0 | 23.31 |
| 4/18/2009 | 37 | $83,027 | 79 | $270,000 | 311 | $6,711 | 0 | 33.38 |
| 3/20/2009 | 79 | $83,027 | 79 | $270,000 | 311 | $6,711 | 0 | 41.24 |
| 2/19/2009 | 50 | $79,357 | 74 | $205,000 | 273 | $6,711 | 0 | 35.07 |
| 11/12/2008 | 587 | $89,352 | 61 | $330,000 | 343 | $6,500 | 0 | 20.67 |
| 9/2/2008 | 442 | $89,718 | 63 | $330,000 | 343 | $6,500 | 0 | 22.73 |
| 8/6/2008 | 82 | $88,845 | 64 | $330,000 | 343 | $6,500 | 0 | 18.80 |
Thinking of selling your Cheektowaga single family 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.
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