Lewiston Homes over $500,000

Lewiston is the kind of community that appeals to a lot of people with the quaint shops on Center Street, the beauty of the waterfront and the electric mix of the arts draws people to the area.   Lewiston is tucked just north of Niagara Falls in Niagara County rich in history and a great community to call home.   There are always amazing things happening in Lewiston from the range of free concerts, the Garden Walk, Tour of Lewiston Kitchens, the beauty of nature and Artpark.   Niagara University calls home to the birthplace of the Falls and Lewiston is rich in history from the Freedom Trail to the War of 1812.

Today I want to look at a particular segment of the market – those home that are a half million dollars or more.   The Lewiston Luxury Market.

First let’s look at the Statistics for homes over $500,000 in Lewiston

August 20, 2010

• There are 5 active listing with an average list price of $712,540 ranging from $649,900 to $749,000
• There is one pending/under contract sale and no closed sales YTD

Lewiston Information for Home Buyers

• Lewiston Real Estate Market Report
• Lewiston Homes over $500,000
• 2010 Lewiston NY Sold Homes
• 2009 Sold Lewiston NY Single Family Homes
• Lewiston Pool Homes Market Report
• Call Historic Lewiston Home
• Lewiston NY – Charming Village just what buyers are seeking
• Lewiston Blue Mondays

Selection of Lewiston Homes over $500,000 for Sale

	471 Mountain View Dr Lewiston, 14092 NY $ 749,000 Built in 1950 4203 sq. feet 5 Bedrooms, 6 Full Bath(s) , 2 Half Bath(s) MLS Number: B358811 (IDX)
	5079 Forest Road Lewiston, 14092 NY $ 749,000 Built in 1925 5062 sq. feet 4 Bedrooms, 4 Full Bath(s) , 1 Half Bath(s) MLS Number: B360595 (IDX)
	730 Mountain View Dr Lewiston, 14092 NY $ 724,900 Built in 1987 5460 sq. feet 5 Bedrooms, 3 Full Bath(s) , 2 Half Bath(s) MLS Number: B358696 (IDX)
	643 Mountain View Dr Lewiston, 14092 NY $ 689,900 Built in 1930 3201 sq. feet 4 Bedrooms, 3 Full Bath(s) , 1 Half Bath(s) MLS Number: B358718 (IDX)
	5150 Country Club Trail Lewiston, 14092 NY $ 649,900 Built in 1994 4140 sq. feet 5 Bedrooms, 4 Full Bath(s) , 1 Half Bath(s) MLS Number: B366274 (IDX)
	Listings: 1-5 of 5 | new search

Past Market Reports and Historical Information

July 1, 2010

• There are 5 active listings with an average list price of $712,540 ranging from $649,900 to $749,000
• There is one pending/under contract sale and there has been no closed sales Year to date

As of May 29, 2010

• There are 6 active listings with an average list price of $692,633 ranging from $550,000 to $749,000
• There are no pending/under contract sales or closed sales according to the MLS in 2009-2010
• In 2008 there was one closed sale for $995,000 after 25 days on the market and the original list price for this home was $1,195,000.
  • Details about the home at 531 Mountain View Drive home include:
    • 1.8 Acres (Lot size 150 x 520)
    • Built in 1919, Four Bedrooms, 3.1 baths
    • 5,200 Square Feet, 2.5 garage
    • Elevator, Fireplace, Colonial
    • Professional landscaping, on Golf course and spectacular views

• In 2007 there has been two closed sales with an average sold price of $561,000 spending an average of 136 days on the market
  • 5200 Country Club Trail – 3,200 square feet, 1995 built 2 bedroom, 3 bath home
    • Days on the market – 271
    • Original List price $524,000
    • Sold price $450,000
  • 730 Mountain View – 5,460 square feet, 1987 built, 4 bedrooms, 3 full and 2 half baths
    • Currently listed for sale $724,000 MLS # B358696
    • Days on the Market – 1
    • Original List price – $689,900
    • Sold price – $672,000
• In 2006 there were 2 closed sales as well with an average sold price of #570,000 – spending an average of 285 days on the market
  • 345 Oak Street – 4,080 square feet, 1980 built, 4 bedroom 3.5 baths
    • Days on the market – 107
    • Original List price – $645,000
    • Sold price $540,000
  • 551 Mountainview Drive – 7,892 square feet, 1930 built, 8 bedroom 6 full and 3 half baths
    • Days on the market 464
    • Original list price $895,000
    • Sold price – $600,000
• In 2005 there were 2 closed sales with an average closed price of $512,500 spending an average of 117 days on the market
  • 5150 Oakhill Drive - 5,325 square feet, 1990 built 3 bedroom 3.5 half bath home
    • Days on the market – 89
    • Original List price $695,000
    • Sold price $575,000
  • 5192 Country Club Trail – 4,000 square feet, built in 2000 , 4 bedroom 2 full, 2 half baths
    • Days on the market – 146
    • Original List price – $595,000
    • Sold price – $450,000

One could say that price is the reason that these homes are not selling; it is after all, a down real estate market.   I say it has something to do with the way that these homes have been positioned in the overall Real Estate Market.   Until now they have been targeted to the high level executives of many local companies.   I have a different idea — it is using the internet to position homes like these to an untapped market.   Create a demand for these homes because of their value.

Thinking of selling your  Lewiston Luxury 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 or assist you to purchase a home.   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. © 2010 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.

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Tags: luxury homes, Niagara County, single-family homes
Posted in Area Real Estate Market Reports, Buffalo Luxury Home Sales, Lewiston Homes | 1 Comment »