Grand Island NY Real Estate Market Report – August 2010
Grand Island, is situated between Buffalo and Niagara Falls and is ideally located for those that want to live in Western New York. Grand Island is home to Fantasy Island and Fucillio Autos and is a great place to call home! Communities within Grand Island include:
- Falconwood – A hamlet on the southeast shore of the town.
- Ferry Village – A hamlet on the border of Beaver Island State Park.
- Hennepin Road – Road within Grandyle Village named after a French explorer, Louis Hennepin, who observed and described Niagara Falls in 1677.
- Oakfield – A location north of Beaver Island State Park.
- Sheenwater – A location on the west shore of the island.
- Grandyle Village – A small neighborhood located near Beaver Island parkway and the South Grand Island Bridge.
- Sandy Beach – A hamlet in the northeast shore of the island.
- Fairview Court – A hamlet in the southwest shore of the island.
- Sour Springs Grove – A location by the shore in the southeast part of the town.
Current Market Conditions on Grand Island
August 19, 2010
- There are 150 active listings with an average list price of $257,435 ranging from $24,900 to $875,000
- There are 27 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $212,450 spending an average of 83 days on the market
- YTD there were 134 closed sales with an average sold price of $182,036 spending an average of 68 days on the market
- Highest closed – $445,000 – 455 days on the market
- Lowest closed – $35,000 – zero days on the market
A Selection of Grand Island Homes for Sale
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Historic Real Estate Information
July 5, 2010
- There are 139 active listings with an average list price of $266,051 ranging from $89,900 to $950,000
- There are 40 pending/under contract sales and in the past 30 days there has been 27 closed sales with an average sold price of $183,724 spending an average of 42 days on the market
- YTD there has been 108 closed sales with an average sold price of $174,596 spending an average of 68 days on the market
- Highest closed – $366,000 – 455 days on the market
- Lowest closed – $35,000 – zero days on the market
June 11, 2010
- There are 131 active listings with an average list price of $269,142 ranging from $86,900 to $950,000
- There are 60 pending/under contract sales and in the past 30 days there has been 22 closed sales with an average sold price of $161,318 spending an average of 77 days on the market
- YTD there has been 79 days on the market with an average sold price of $172,759 spending an average of 77 days on the market
- Highest closed – $365,000 – 455 days on the market
- Lowest closed – $35,000 – zero days on the market
May 9, 2010
- There are 113 active listings with an average list price of $266,107 ranging from $80,000 to $950,000
- There are 67 pending/under contract sales and in the past 30 days there were 12 closed sales with an average closed price of $149,947 spending an average of 62 days on the market
- There are 54 closed sales YTD with an average closed sale $180,605 spending an average 78 days on the market
- Highest closed – $365,000 – 358 days on the market
- Lowest closed – $53,500 – zero days on the market
April 11, 2010
- There are 107 active listings with an average list price of $264,048 ranging from $89,000 to $950,000
- There are 5 pending/under contract sales and in the past 30 days there were 10 closed sales with an average closed price of $191,340 spending an average of 75 days on the market
- YTD there are 39 closed sales with an average closed price of 184,482 spending an average of 77 days on the market
- Highest closed – $365,000 – 256 days on the market
- Lowest closed – $53,500 – 3 days on the market
March 1, 2010
- There are currently 87 active single family homes for sale on Grand Island with an average list price of $243,566 ranging from $78,000 to $575,000
- There are 9 pending/under contract sales and in the past 30 days there has been 13 closed sales with an average closed price of $177,476 spending an average of 99 days on the market
- YTD there has been 21 closed sales with an average closed price of $190,814 spending an average of 85 days on the market
- Highest sold – $349,000 – 256 days on the market
- Lowest sold – $85,000 – 3 days on the market
February 1, 2010
- There are 84 active listings with an average list price of $233,706 ranging from $59,900 to $575,000
- There are 9 under contract/pending sales on Grand Island with 6 closed sales in the past 30 days with an average closed price of $222,816 spending an average of 33 days on the market
- In 2009 there were a total of 177 closed sales on Grand Island with an average closed price of $183,548 spending an average of 65 days on the market
- Highest closed – $ 625,000 – 384 days on the market
- Lowest closed – $35,000 – zero days on the market
November 17, 2009
- There are currently 96 active listings with an average list price of $234,691 ranging from $69,900 to $589,987
- There are 35 pending sales and in the past 30 days there has been 8 closed sales with an average closed price of $168,125 spending an average of 35 days on the market
- Year to date there are 148 closed sales with an average closed price of $188,801 spending an average of 66 days on the market
- Highest sold – $574,000 – 384 days on the market
- Lowest sold – $48,100 – zero days on the market
Active/pending/prior 30 days
| Date | # of Active | Average List Price |
Highest List Price |
Lowest List Price |
# Pending Sale |
# closed sales past 30 days |
Average Closed Price |
Average DOM |
| October 16, 2009 | 98 | $242,374 | $999,900 | $70,000 | 38 | 10 | $178,890 | 41 |
| August 3, 2009 | 92 | $246,806 | $999,900 | $49,900 | 5 | 17 | $200,389 | 59 |
| July 4, 2009 | 108 | $246,401 | $999,900 | $49,900 | 6 | 10 | $172906 | 71 |
| May 2, 2009 | 78 | $260,782 | $1,199,900 | $64,900 | 5 | 14 | $178,578 | 66 |
| March 19, 2009 | 81 | $251,783 | $739,000 | $64,900 | 1 | 11 | $240,000 | 125 |
| December 31, 2008 | 83 | $257,3900 | $749,500 | $64,900 | 5 | 0 | 0 | — |
| December 2, 2008 | 85 | $247,437 | $699,999 | $64,900 | 3 | 13 | $173,488 | 109 |
| November 12, 2008 | 97 | $244,983 | $799,000 | $64,900 | 4 | 13 | $225,869 | 74 |
| September 3, 2008 | 105 | $229,347 | 0 | 17 | $209,156 | 56 | ||
| August 6, 2008 | 105 | $246,330 | $799,000 | $70,000 | 2 | 22 | $198,382 | 38 |
| July 14, 2008 | 108 | $257,863 | $899,000 | $77,900 | 3 | 15 | $195,500 | 58 |
| March 20, 2008 | 87 | $266,187 | $799,500 | $64,000 | 1 | 17 | $186,671 | 61 |
| May 2, 2008 | 93 | $259,933 | $799,000 | $69,000 | 5 | 15 | $193,933 | 53 |
Year to Date Closed Stats
| Date | # Closed to date |
Average Closed | DOM | Highest Closed | DOM | Lowest Closed | DOM |
| October 16, 2009 | 136 | $190,471 | 69 | $574,000 | 384 | $48,100 | 0 |
| August 3, 2009 | 91 | $187,076 | 68 | $419,000 | 287 | $48,100 | 1 |
| July 4, 2009 | 73 | $184,380 | 70 | $350,000 | 287 | $79,900 | 1 |
| May 2, 2009 | 45 | $186,178 | 82 | $350,000 | 287 | $79,500 | 1 |
| March 19, 2009 | 23 | $191,968 | 99 | $350,000 | 210 | $79,500 | 9 |
| December 31, 2008 | 198 | $189,320 | 64 | $650,000 | 240 | $41,600 | 0 |
| December 2, 2008 | 186 | $188,575 | 65 | $650,000 | 290 | $41,600 | 0 |
| November 12, 2008 | 175 | $189,857 | 63 | $650,000 | 290 | $41,600 | 0 |
| September 3, 2008 | 131 | $182,241 | 58 | $650,000 | 290 | $41,600 | 0 |
| August 6, 2008 | 114 | $176,228 | 58 | $41,600 | 290 | ||
| March 20, 2008 | 34 | $160,000 | 65 | $442,500 | 259 | $41,600 | 290 |
| May 2, 2008 | 57 | $182,221 | 62 | $442,500 | 259 | $95,000 | 0 |
Thinking of selling your Grand Island 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. © 2009 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.- 2600 Whitehaven Rd Grand Island, 14072 NY
- $ 589,987
- Built in 2001
- 4200 sq. feet
- 4 Bedrooms, 4 Full Bath(s) , 0 Half Bath(s)
- MLS Number: B349788
- (IDX)
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The property information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The Buffalo real estate market sounds like a happening place… lots to choose from. Much reminds me of my home market of Charlotte, NC.
thanks !! very helpful post!