Lewiston Real Estate Market Report for August 2010
Current Real Estate Market Conditions for Lewiston NY
August 2, 2010
- There are 96 active listings with an average list price of $225,854 ranging from $40,000 to $749,000
- Days on the Market for Active Listings
- 0-30 Days on the Market 17.9%
- 31-60 Days on the Market 15.8%
- 61-90 Days on the market 26.3%
- 91-120 Days on the Market 9.5%
- 120+ Days on the Market 30.5%
- Active Listings by price range
| $40,000 – $49,999 |
1 |
|
$50,000 – $59,999 |
0 |
|
$60,000 – $69,999 |
0 |
|
$70,000 – $79,999 |
3 |
|
$80,000 – $89,999 |
0 |
|
$90,000 – $99,999 |
1 |
|
$100,000 – $119,999 |
7 |
|
$120,000 – $139,999 |
11 |
|
$140,000 – $159,999 |
16 |
|
$160,000 – $179,999 |
14 |
|
$180,000 – $199,999 |
5 |
|
$200,000 – $219,999 |
4 |
|
$220,000 – $239,999 |
4 |
|
$240,000 – $259,999 |
2 |
|
$260,000 – $279,999 |
7 |
|
$280,000 – $299,999 |
3 |
|
$300,000 – $349,999 |
5 |
|
$350,000 – $399,999 |
3 |
|
$400,000 – $449,999 |
3 |
|
$450,000 – $499,999 |
1 |
|
$500,000 – $749,999 |
5 |
- There are 27 pending/under contract sales and there has been 5 closed sales in the past 30 days with an average sold price of $140,700 spending an average of 48 days on the market
- YTD there has been 62 closed sales with an average sold price of $167,448 spending an average of 71 days on the market
- Highest closed – $307,000 – 336 days on the market
- Lowest closed – $87,980 – zero days on the market
Select Lewiston Homes for Sale
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Past Market Stats for Lewiston NY
| Year | #Sold | Average Sold Price |
Average DOM |
Highest Sold Price |
Highest DOM |
Lowest Sold Price |
Lowest DOM |
| 2009 | 112 | $152,075 | 57 | $459,900 | 370 | $51.000 | 0 |
| 2008 | 130 | $168,063 | 61 | $995,000 | 240 | $37,000 | 0 |
| 2007 | 125 | $167,098 | 77 | $672,000 | 545 | $31,000 | 0 |
| 2006 | 142 | $153,264 | 73 | $600,000 | 464 | $22,000 | 0 |
Smart sellers in Lewiston will price their homes at or just below the current comparable sales to ensure that their home will sell. Sales in Lewiston are below the sales last year at this time of 117 closed sales with an average closed price of $171,043 spending an average of 58 days on the market. Keep in mind that the highest sold home last year in Lewiston sold for $995,000 where this year the highest sold for $459,900.
The current absorption rate is climbing as last month it was 67 weeks of inventory and as of today there is 101 weeks of inventory. When you are looking at the absorption rate, it is a snapshot of what is happening at the time it was taken. It is looking at the active homes for sale at the time vs. the number of closed sales in the prior 30 days. So the rate of absorption will vary with the amount of homes available for sale. Here is the how the absorption rate looks historically:
| # of Weeks | Date |
| 100.53 | 11/14/09 |
| 66.86 | 10/17/09 |
| 41.17 | 8/1/09 |
| 50.14 | 7/1/09 |
| 28.17 | 5/31/08 |
| 32.30 | 4/25/09 |
| 125.67 | 3/18/09 |
| 85.58 | 2/9/09 |
| n/a | 12/28/08 |
| 30.33 | 12/1/08 |
| 44.78 | 9/24/08 |
| 25.13 | 8/16/08 |
| 40.44 | 6/1/08 |
| 29.33 | 5/3/08 |
| 35.97 | 4/7/08 |
Past Lewiston NY Market Reports
June 19, 2010
- There are 97 active listings in Lewiston with an average list price of $223,836 ranging from $52,500 to $749,000
- There are 31 pending/under contract sales and in the past 30 days there has been 6 closed sales with an average closed price of $209,833 spending an average of 124 days on the market
- YTD there has been 43 closed sales with an average closed price of $169,729 spending an average of 95 days on the market
- Highest closed – $340,000 – 510 days on the market
- Lowest closed – $25,000 – 3 days on the market
May 24, 2010
- There are 98 active single family homes with an average list price of $230,754 ranging from $52,500 to $749,000
- There are 31 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average closed price of $172,300 spending an average of 53 days on the market
- YTD there are 34 closed sales with an average closed price of $161,910 spending an average of 87 days on the market
- Highest closed – $340,000 – 510 days on the market
- Lowest closed – $25,000 – 4 days on the market
April 16, 2010
- There are 90 active listings with an average list price of $239,870 ranging from $86,868 to $749,000
- There are 25 pending/under contract sales and in the past 30 days there have been 10 closed sales with an average closed price of $135,417 spending an average of 71 days on the market
- YTD there has been a total of 25 closed sales with an average closed price of $157,317 spending an average of 100 days on the market
- Highest closed – $340,000 – 510 days on the market
- Lowest closed – $25,000 - 4 days on the market
March 9, 2010
- There are 89 active single family homes with an average list price of $222,236 ranging from $82,900 to $799,000
- There are 3 pending/under contract sales and 3 closed sales in the past 30 days with an average closed sale of $219,666 spending an average of 202 days on the market
- YTD there has been 12 closed sales with an average closed price of $167,814 spending an average of 115 days on the market
- Highest closed – $297,000 – 510 days on the market
- Lowest closed – $58,000 – 10 days on the market
February 8, 2010
- There are 84 active listing with an average list price of $227,181 ranging from $82,900 to $799,000
- There is one pending and in the past 30 days there has been 7 closed sales with an average closed price of $156,403 spending an average of 84 days on the market
- Year to date there has been 8 closed sales in Lewiston with an average closed price of $147,478 spending an average of 82 days on the market
- Highest closed – $297,000 – 184 days on the market
- Lowest closed – $58,000 – 10 days on the market
November 14, 2009
- There are 89 active listings with an average list price of $235,820 ranging between $57,000 to $799,000
- There are 27 pending/under contract sales and in the past 30 days there were 5 closed sales with an average closed price of $225,760 spending an average of 31 days on the market
- Year to date there has been 89 closed sales with an average closed sale with an average sold price of $149,263 spending an average of 60 days on the market
- Highest sold – $459,900 – 370 days on the market
- Lowest sold – $51,000 – zero days on the market
Location! Location! Location!
Popular with tourists primarily in the summertime, Lewiston has a lot to offer with its many festivals, fine restaurants, Artpark, and fascinating history. Lewiston is situated on the Niagara River, just across the river from Canada, and is half way between the world famous Niagara Falls and historic Fort Niagara in Youngstown, New York.
Some people say the Town of Lewiston is becoming a new frontier for suburbanite hopefuls – a place poised for the kind of residential interest shown in Clarence and Wheatfield in the last two decades. Whether or not that’s a good thing is up for debate. It is difficult to compare the interest in residential developments, but there is something about Lewiston that has people talking.
- Birthplace of Niagara Falls
- Where escaping slaves made their last stop on the Underground Railroad
- Where the cocktail was invented by the power brokers of the Frontier
- Where early French Explorers traded with Local Indians
- Where Commerce was pioneered on the Great Lakes
Historic Look at Lewiston Single Family Home Sales
| Year | # Closed Sales | Average Closed Price | Average Days on the Market |
| 2008 | 129 | $167,881 | 62 |
| 2007 | 125 | $167,098 | 77 |
| 2006 | 142 | $153,264 | 73 |
| 2005 | 158 | $156,278 | 66 |
| 2004 | 156 | $153,844 | 77 |
| 2003 | 137 | $132,012 | 67 |
| 2002 | 139 | $140,044 | 91 |
| 2001 | 137 | $140,190 | 88 |
| 2000 | 147 | $130,375 | 103 |
Past Market Reports
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 |
| 10/17/2009 | 85 | $238,185 | $799,000 | $65,900 | 23 | 7 | $178,205 | 38 |
| 8/1/2009 | 70 | $249,101 | $799,000 | $99,900 | 6 | 8 | $123,112 | 51 |
| 7/1/2009 | 75 | $245,866 | $799,000 | $94,500 | 6 | 7 | $158,318 | 52 |
| 5/31/2009 | 89 | $233,675 | $799,000 | $74,900 | 2 | 14 | $128,088 | 99 |
| 4/25/2009 | 80 | $228,025 | $799,000 | $79,900 | 2 | 11 | $172,690 | 72 |
| 3/19/2009 | 79 | $232,569 | $849,900 | $64,900 | 8 | 3 | $132,700 | 43 |
| 2/9/2009 | 79 | $225,975 | $849,900 | $89,000 | 0 | 4 | $157,875 | 72 |
| 12/28/2008 | 81 | $217,184 | $849,900 | $74,500 | 2 | 0 | 0 | 0 |
| 12/1/2008 | 86 | $222,603 | $849,900 | $74,500 | 5 | 13 | $159,023 | 81 |
| 9/24/2008 | 87 | $210,919 | $849,900 | $74,500 | 6 | 9 | $182,144 | 80 |
| 8/16/2008 | 87 | $217,626 | - | - | 0 | 15 | $165,130 | 55 |
| 6/1/2008 | 84 | $210,027 | $849,900 | $65,000 | 0 | 9 | $238,711 | 65 |
| 5/03/2008 | 84 | $211,164 | $899,900 | $70,000 | 4 | 13 | $170,746 | 71 |
| 4/07/2008 | 83 | $203,110 | $1,195,000 | $68,000 | 0 | 10 | $192,400 | 50 |
Year to Date Closed Stats
| Date | # Closed to date |
Average Closed | DOM | Highest Closed | DOM | Lowest Closed | DOM |
| 10/17/2009 | 79 | $147,863 | 63 | $330,000 | 370 | $59,890 | 0 |
| 8/1/2009 | 52 | $144,124 | 52 | $330,000 | 370 | $59,890 | 0 |
| 7/1/2009 | 43 | $147,199 | 76 | $330,000 | 370 | $59,890 | 0 |
| 5/31/2009 | 36 | $145,037 | 81 | $330,000 | 370 | $59,890 | 0 |
| 4/29/2009 | 21 | $156,052 | 69 | $330,000 | 189 | $75,000 | 0 |
| 3/19/2009 | 9 | $139,788 | 57 | $246,500 | 161 | $85,000 | 19 |
| 2/9/2009 | 5 | $148,000 | 70 | $246,500 | 161 | $85,000 | 19 |
| 12/28/2008 | 122 | $170,147 | 63 | $995,000 | 240 | $37,000 | 0 |
| 12.1/2008 | 123 | $170,195 | 61 | $995,000 | 240 | $37,000 | 0 |
| 9/24/2008 | 90 | $177,169 | 60 | $995,000 | 240 | $37,000 | 1 |
| 8/16/2008 | 76 | $180,535 | 60 | $995,000 | 240 | $37,000 | 1 |
| 6/1/2008 | 48 | $185,494 | 64 | $995,000 | 240 | $37,000 | 2 |
| 5/03/2008 | 31 | $172,374 | 60 | $438,000 | 224 | $37,000 | 2 |
| 4/07/2008 | 21 | $176,448 | 50 | $438,000 | 140 | $37,000 | 2 |
Lewiston Tax Information
1374 Ridge Road | Lewiston NY 14092
Gene Virtuoso (716) 754-8213
Thinking of selling your Lewiston home? Interested in finding out the current market value of your Lewiston single family home? 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 our free CMA request form below. View additional WNY Market Area Statistics here.
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
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