UB Area Real Estate Market Report – July 2009
Popular Investment property is around the University of Buffalo Main Street Campus with lots of need for student housing. Also in this area is the VA Hospital. This area is rich for Investors looking for a solid return on investment.
Multi-family Homes in the UB Area
Current Market Conditions:
July 22, 2009
- There are 47 active multi-family homes for sale with an average list price of #64,080 ranging from $19,900 to $339,900
- There are 4 pending/under contract homes and 5 closed sales in the past 30 days with an average closed price of $69,020 spending an average of 61 days on the market
- Year to date there has been a total of 22 closed sales with an average closed price of $54,935 spending an average of 86 days on the market
- Highest sold – $99,500 – 235 days on the market
- Lowest sold – $17,500 – 5 days on the market
Selection of Multi-Family Homes for Sale
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678 MINNESOTA BUFFALO, 14215 NY
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Single Family homes in the UB area Market Report:
Current Market Conditions:
July 22, 2009
- There are 54 active single family homes for sale in this area of the City of Buffalo with an average list price of $54,372 ranging from 410,000 to $189,900
- There are 2 pending/under contract sales and 10 closed sales in the prior thirty days with an average closed price of $45,940 spending an average of 31 days on the market
- Year to date there has been a total of 54 closed sales with an average closed price of $41,360 spending an average of 74 days on the market
- Highest sold – $155,000 – 236 days on the market
- Lowest sold – $7,500 – zero days on the market
Selection of Single Family Homes for Sale
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290 Minnesota Buffalo, 14215 NY
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661 Minnesota Buffalo, 14215 NY
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116 Berkshire Buffalo, 14215 NY
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448 Dartmouth Buffalo, 14215 NY
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Past Multi-family Market Reports for the UB/VA Area
May 10, 2009
- There are currently 47 active multi-family homes for sale in the UB area with an average list price of $66,981 ranging from $29,900 to $339,900
- There are currently 3 pending/under contract multi-family homes for sale
- In the past thirty days there has been a total of 2 closed sales with an average closed price of $50,650 spending an average of 28 days on the market
March 8, 2009
Currently here is what is happening in the Multi-family homes for sale in the UB Area:
- There are 32 homes for sale with an average list price of $70,564 ranging from $38,000 to $339,900
- There are 6 homes that are under contract or pending at this time
- Year to date there has been a total of 11 closed sales with an average closed price of $45,489 and spent an average of 94 days on the market
- Highest sold – $84,900 – 209 days on the market
- Lowest sold – $17,500 – 5 days on the market
January 21, 2009
Here is the current market conditions for the University of Buffalo area as of January 12, 2009:
- There are 32 active listings with an average list price of $58,303 ranging from $24,500 to $99,900.
- There has been two closed sales in the past thirty days and the average closed price is $41,250 spending an average of 109 days on the market.
- In 2008 there were a total of 52 closed multi-family homes in the UB area with an average closed price of $60,116 spending an average of 68 days on the market
- Highest sold multi-family home in the UB area sold for $240,000 after 307 days on the market
- Lowest sold for $5,000 after zero days on the market.
August 21, 2008
Multi-Family Homes For Sale Report is as follows:
- Currently there are 7 pending and 40 active listings with an average list price of $71,917 ranging from $29,900 to $339,900
- The absorption rate is 33.94 weeks of inventory
- In the past 30 days there has been a total of 6 closed sales with an average sales price of $59,645 spending an average of 55 days on the market.
- Year to date there as been a total of 45 closed sales averaging 63 days on the market and having an average sold price of $63,841.
Past Market Reports – Single Family Homes
May 10, 2009
- There are currently 52 active single family homes for sale in the UB area with an average list price of $48,298 ranging from $15,000 to $130,000
- There are 4 under contract/pending sales of single-family homes
- In the past 30 days there has been a total of 14 closed sales with an average closed price of $38,583 spending an average of 92 days on the market
- Year to date there has been 33 closed sales with an average closed price of $38,937 spending an average of 94 days on the market
- Highest sold – $132,000 – 236 days on the market
- Lowest sold – $8,000 – zero days on the market
March 8,009
- As of March 8, 2009 there are 53 active single family homes for sale with an average list price of $47,725 ranging from $8,800 to $179,900
- There are currently 4 pending or under contract homes for sale in the UB Area
- In the past thirty days there has been 6 closed sales with an average closed price of $39,196 and spent an average of 57 days on the market
- Year to date there has been a total of 15 closed sales with an average closed price of $37,749 and spending an average of 101 days on the market
- Highest Sold – $75,000 – 198 days on the market
- Lowest Sold – $7,200 – zero days on the market
January 2009
As of January 12, the single-family home sales report:
- 56 Active listings with 4 pending sales with an average list price of $46,626 ranging from $17,500 to $150,000
- In the past thirty days there has been a total of 5 closed sales with an average closed price of $25,380 and spending an average of 72 days on the market.
- In 2008 there were a total of 110 closed sales with an average closed price of $48,774 and spending an average of 68 days on the market
- Highest sold in 2008- $177,900 – 328 days on the market
- Lowest sold in 2008 – $8,500 – 1 day on the market
August 21, 2008
- There are currently 9 pending and 68 active single family homes for sale in the UB area with an average list price of $50,338 ranging from $14,900 to $174,900
- The absorption rate is 37.02 weeks
- In the past 30 days there has been a total of 9 closed sales with an average sold price of $53,847 and spent an average of 47 days on the market
- Year to date there has been 72 closed sales with ana average sold price of $48,894 and spending an average of 73 days on the market
Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski, Realtor 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®.
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