Buffalo Real Estate News & Homes for Sale | Search Buffalo Homes | Buffalo Luxury Homes | Buffalo Realtor

Find you Buffalo' Home's Value Search for Buffalo Homes For Sale


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®.

Blog Widget by LinkWithin

Thank you for visiting our website. If you enjoyed this Best Buffalo Homes post, make sure you subscribe to our RSS feed to get the latest Buffalo Real Estate News from Colleen Kulikowski & the Best Buffalo Homes Team!

One comment
Leave a comment »

  1. [...] UB Area Multi-family Market Report - June 2008» [...]