Depew New York Real Estate Market Report – August 2010

Current Market Conditions

August 10, 2010

• There are 26 active listings with an average list price of $113,592 ranging from $59,900 to $174,900
• There are 17 pending/under contract sales and in the past 30 days there has been 4  closed sales with an average sold price of $95,938 spending an average of 15 days on the market
• Days on Market for active listings range
  • 0-30 days 36.0%
  • 31-60 days 20%
  • 61-90 days 20%
  • 91-120 days 8%
  • 120 days 16%
• YTD there has been a total of 55 closed sales with an average sold price of $103,730 spending an average of 50 days on the market
  • 47.3% of these sales were on the market less than 30 days while 16.4% were over 120 days on the market
  • Highest closed – $195,000 – 188 days on the market
  • Lowest closed – $59,900 – 3 days on the market

Select Depew homes for sale:

	22 Anthony Drive Lancaster, 14043 NY $ 161,900 Built in 1961 2000 sq. feet 4 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B367742 (IDX)
	92 Center Dr Lancaster, 14043 NY $ 159,900 Built in 1968 2297 sq. feet 4 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B368698 (IDX)
	40 Green Ter Cheektowaga, 14043 NY $ 154,900 Built in 1963 2004 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B368555 (IDX)
	553 Rowley Rd Cheektowaga, 14043 NY $ 153,900 Built in 1950 1785 sq. feet 4 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B368902 (IDX)
	334 S Creek Dr Cheektowaga, 14043 NY $ 148,900 Built in 1966 1730 sq. feet 3 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B368486 (IDX)
	5921 Transit Rd Lancaster, 14043 NY $ 124,900 Built in 1949 1514 sq. feet 3 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s) MLS Number: B369030 (IDX)
	320 Olmstead Lancaster, 14043 NY $ 120,000 Built in 1960 1293 sq. feet 3 Bedrooms, 1 Full Bath(s) , 0 Half Bath(s) MLS Number: B368955 (IDX)
	221 Rehm Rd Cheektowaga, 14043 NY $ 102,500 Built in 1956 908 sq. feet 2 Bedrooms, 0 Full Bath(s) , 0 Half Bath(s) MLS Number: B368787 (IDX)
	9 Patsy Ln Cheektowaga, 14043 NY $ 124,900 Built in 1964 1804 sq. feet 4 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s) MLS Number: B358745 (IDX)
	53 Stewart Dr Cheektowaga, 14043 NY $ 102,900 Built in 1958 952 sq. feet 2 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B347331 (IDX)
	25 Crane St Cheektowaga, 14043 NY $ 114,800 Built in 1916 1550 sq. feet 4 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B353994 (IDX)
	55 Burlington Ave Cheektowaga, 14043 NY $ 74,900 Built in 1945 1548 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B362191 (IDX)

Past Market Reports

June 11, 2010

• There are 28 active listings with an average list price of $111,848 ranging from $59,900 to $209,900
• There are 20 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average closed price of $83,515 spending an average of 82 days on the market
• YTD there has been 38 closed sales with an average sold price of $102,627 spending an average of 62 days on the market
  • Highest closed – $167,500 – 171 days on the market
  • Lowest closed – $40,000 – 3 days on the market

May 9, 2010

• There are 19 active listings with an average list price of $114,726 ranging $49,950 to $209,900
• There are 25 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $98,771 spending an average of 52 days on the market
• YTD there has been 29 closed sales with an average sold price of $102,257 spending an average of 55 days on the market
  • Highest closed – $158,000 – 171 days on the market
  • Lowest closed – $40,000 – 3 days on the market

March 29, 2010

• There are 25 active single family homes in Depew with an average list price of $116,226 ranging from $49,950 to $219,900
• There are 6 pending/under contract sales and in the past 30 days there has been 3 closed sales with an average closed price of $80,666 spending an average of 48 days on the market
• YTD there has been 17 closed sales with an average closed price of $98,693 spending an average of 52 days on the market
  • Highest closed – $158,000 – 154 days on the market
  • Lowest closed – $40,000 – 3 days on the market

February 28, 2010

• There are 26 active listings with an average list price of $113,425 ranging from $49,950 to $224,900
• There are 6 pending/under contract sales with an 4 closed sales in the past 30 days there has been 4 closed sales with an average closed price $103,850 spending an average of45 days on the market
• YTD there has been a total of 12 closed sales with an average closed price of $105,825 spending an average of 55 days on the market
  • Highest closed – $158,000 – 154 days on the market
  • Lowest closed – $60,000 – 3 days on the market

January 10, 2010

• There are 30 active listings in Depew with an average list price of $116,423 ranging from $67,500 to $229,900
• There are two pending/under contract and 4 closed sales in the past 30 days with an average closed price of $77,640 spending an average of 39 days on the market
• In 2009 there were 128 closed sales with an average closed price of $99,073 spending an average of 53 days on the market
• Highest 2009 Closed Sale – $219,900 – 303 days on the market
• Lowest 2009 Closed Sale – $11,000 – zero days on the market

Historic Sales Data for Depew NY

Date	# Active Listings	High List	Low List	Average List	# Pending	# Closed Past 30 days	Average Closed Price	DOM Closed past 30 days
11/17/2009	33	$179,000	$67,500	$116,776	33	9	$97,965	25
10/5/2009	33	$179,000	$50,000	$123,612	35	3	$134,600	52
7/30/2009	31	$115,064	$50,000	$115,065	6	14	$119,638	64
6/14/2009	32	$179,900	$68,000	$121,090	6	10	$94,168	67
5/7/2009	40	$184,900	$14,900	$110,659	7	7	$86,009	53
4/1/2009	37	$194,900	$19,900	$101,708	3	9	$83,944	76
9/1/2008	43	$250,900	$34,500	$119,427	3	11	$116,466	64

Date	# Closed YTD	Average Closed YTD	Average DOM YTD	Highest Sold YTD	DOM Highest Sold	Lowest Sold YTD	DOM Lowest Sold	Absorption Rate
11/17/2009	104	$100,288	57	$219,900	303	$11,000	57	31.78
10/5/2009	90	$100,737	62	$219,900	303	$11,000	2	98.22
7/30/2009	69	$98,935	69	$219,900	303	$11,000	2	11.45
6/14/2009	39	$92,419	69	$219,900	303	$11,000	2	16.47
5/7/2009	27	$91,365	70	$219,900	163	$18,088	2	29.10
4/1/2009	18	$96,266	79	$219,900	163	$37,000	13	19.26
9/1/2008	86	$103,537	54	$265,255	342	$6,900	1	18.12

Past Market Reports:

• September 2008 Homes Sold in Depew NY
• May 2008 Depew NY Single Family Market Report
• Depew NY April 2008 Single-family home market report

Thinking of selling your  Depew 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.

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

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Posted in Area Real Estate Market Reports, Depew Homes | 3 Comments »