UB Area Multi-family Market Report – June 2008
University of Buffalo South campus is full of activity. Now is the time many parents are looking to purchase a home in the area so their children who attend school at UB have a place to live and help defray the living expenses. Over all there are:
- 35 multi-family homes for sale in the UB area with an average list price of $54,900. Highest listed at $339,900 and the lowest listed at $30,700.
- There are currently 6 pending multi-family homes in the UB area
- In the past 30 days there has been 3 closed sales ranging in price from $5,000 to $31,556 with an average sold price of $17,685 and spending an average of 29 days on the market.
- Year to date there has been a total of 29 closed sales of multi-family homes in the UB area selling for an average of $64,363 and spending an average of 72 days on the market. Highest sold $240,000 (307 Days on the market) and Lowest sold $5,000 (zero days on the market)
Let’s look at this in greater detail. Multi-family homes are categorized, duplexes, triplexes and quads. So let’s look at them in those categories:
Quads:
- One active listing – listed for $135,000
- No sales Year to date
Triples:
- One active listing – listed for $89,500
- One sold YTD – $41,000 39 days on the market
Doubles:
- 33 active listings averaging $64,482 list price ranging from $30,700 to $339,900
- There are currently 5 pending sales
- 28 Sales Year to date averaging $65,197 and 74 days on the market Highest sold $240,000 (307 Days on the market) Lowest sold for $5,000 (zero days on the market)
Interested in finding out the current market value of your Buffalo multi-family home? Then call Colleen Kulikowski at (716) 743-5297 to discuss what is happening in today’s Western New York Real Estate Market or fill out the . View additional WNY Market Area Statistics here.
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
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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.