Grand Island NY Real Estate Market Report as of July 2009
By Colleen Kulikowski | July 4th, 2009 | Category: Grand Island Homes, WNY Market Report |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! Communites 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
July 4, 2009
- There are currently 108 active listings with an average list price of $246,401 ranging from $49,900 to $999,900
- There are 6 pending/under contract sales and 10 closed sales in the past 30 days with an average closed price of $172,906 spending an average of 71 days on the market
- Year to date there has been 73 closed sales with an average closed price of $184,380 spending an average of 70 days on the market
- Highest sold - $350,000 - 287 days on the market
- Lowest sold - $79,900 - 1 day on the market
A Selection of Grand Island Homes for Sale
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Historic Real Estate Information
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 |
| 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 |
| 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) 743-5297 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.cforms contact form by delicious:days
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[...] areas in the Buffalo real estate markets are very diverse. Black Rock vs. Allentown vs. Grand Island in Erie County. Deveaux vs. LaSalle in Niagara Falls. Each area has pros and cons and each are [...]
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!