There is much interest in purchasing homes that are Bank Owned, are short sales or are foreclosures. Many times consumers think that they get the best deals purchasing homes in this status. There are no guarantees and yes some people get some great deals, while others have many unexpected expenses.
When you buy a foreclosed home, you’re cashing in on a home or investment someone was no longer able to pay for. Foreclosures are difficult–both to locate and to execute the transactions–but the potential to turn them over for a tidy profit may be there for the savvy Western New York buyer.
Read Also: WNY Foreclosure Properties List
Erie County Foreclosure Market Report
February 6, 2010
- There are 50 active listings with an average list price of $85,817 ranging from $3,860 to $299,900
- There are 12 under contract/pending sales and in the past 30 days there has been 8 closed sales with an average closed price of $29,100 spending an average of 62 days on the market
- Year to date there has been 11 closed sales with an average closed price of $54,890 spending an aveage of 66 dyas on the market
- Highest closed – $295,000 – 162 days on the market
- Lowest closed – $3,000 – 2 days on the market
Select Erie County Distressed homes for sale
| B348713 | 15 Mary Janes Ln. | Aurora | $ 299,900 | (IDX) |
| B352014 | 46 Woodgate Dr | Lancaster | $ 239,900 | (IDX) |
| B352954 | 222 Mcnair Rd | Amherst | $ 189,900 | (IDX) |
| B351809 | 70 JAMES PLACE | Orchard Park | $ 143,900 | (IDX) |
| B352394 | 140 Nassau Ave | Tonawanda Town | $ 141,900 | (IDX) |
| B354331 | 1520 N North Creek Rd | Hamburg | $ 124,900 | (IDX) |
| B349952 | 16 Jeffrey Dr | Cheektowaga | $ 103,900 | (IDX) |
| B353407 | 213 Lamont Dr | Amherst | $ 95,900 | (IDX) |
| B351030 | 266 Theodore | Newstead | $ 92,900 | (IDX) |
| B350535 | 30 Blair Ln | West Seneca | $ 80,000 | (IDX) |
| B351441 | 1845 Military Rd | Tonawanda Town | $ 78,900 | (IDX) |
| B353606 | 120 Sprucewood Dr | Cheektowaga | $ 69,900 | (IDX) |
| B354441 | 3172 Zoeller Rd | Alden | $ 69,900 | (IDX) |
| B354711 | 26 Marne Rd | Cheektowaga | $ 59,900 | (IDX) |
| B355055 | 21 June Rd | Tonawanda Town | $ 41,900 | (IDX) |
| B351592 | 46 Belmont St | Buffalo | $ 39,900 | (IDX) |
| B351908 | 62 Oxford Ave | Buffalo | $ 35,000 | (IDX) |
| B350737 | 76 Crossman Ave | Buffalo | $ 29,900 | (IDX) |
| B350496 | 30 Thornton Ave | Buffalo | $ 19,900 | (IDX) |
| B350143 | 449 Stockbridge Ave | Buffalo | $ 11,450 | (IDX) |
Past Market Reports
November 29, 2009
- There are currently 48 active single family homes for sale that are distressed sales with an average list price of $74,706 ranging from 5,000 to $299,900 in Erie County
- There are 25 pending/under contract sales and in the past 30 days there has been 3 closed sales with an average closed price of $42,466 spending an average of 23 days on the market
- Year to date there has been 141 closed sales with an average closed price of $54,838 spending an average of 45 days on the market
- Highest sold – $304,000 – 284 days on the market
- Lowest sold – $3,000 – zero days on the market
October 16, 2009
- There are 35 active homes that are classified as Bank Owned/REO/Foreclosure or Short Sales in Erie County at this time with an average list price of $87,423 ranging in list price from $6,900 to $299,900
- There are 23 pending/under contract sales and 7 closed sales in the past 30 days with an average closed price of $92,664 spending an average of 48 days on the market
- Year to date there has been 127 closed sales in the category with an average closed price of $55,515 spending an average of 46 days on the market
- Highest sold – $304,000 – 284 days on the market
- Lowest sold – $3,000 – zero days on the the market
August 2, 2009
- There are currently on the MLS 24 active listings that are considered Foreclosure/REO in Erie county with an average list price of $81,729 ranging from $8,000 to $349,500
- There are 6 pending sales and in the past 30 days there has been 12 closed sales with an average closed price of $$52,564 spending an average of 45 days ont he market
- Highest closed – $197,200 – 284 days on the market
- Lowest closed – $3,000 – zero days on the market
Thinking of investing in a foreclosure 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®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2010Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.cforms contact form by delicious:days
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