Wheatfield NY Real Estate News – August 2010

Buyers and Sellers can both benefit from knowing what is happening on the Real Estate Market.   How fast homes are selling, the number of homes for sale, average closed prices are all indicators of what his happening in a particular area.   Real Estate is local by nature and it there are many factors that go into the value of Wheatfield homes for sale.   This is a high level look into the Wheatfield Real Estate Market.

Current Market Conditions in Wheatfield

August 20, 2010

• There are 76 active listings with an average list price of $214,099 ranging between $69,900 to $575,000
• Of the active listings the days on the market analysis is as follows:
  • 0-30 days – 25%
  • 31-60 days – 14.47%
  • 61-90 days – 13,16%
  • 91-120 days  – 17.11%
    120+ days – 30.26%
• There are 24 pending/under contract sales and there were 3 closed sales with an average sold price of $177,667 spending an average of 54 days on the market
• YTD there are 76 sold homes in Wheatfield with an average sold price $183,901 spending an average of 74 days on the market
  • Highest closed – $370,000 – 340 days on the market
  • Lowest closed – $44,000 – zero days on the market
  • 34.21% of closed sales were on the market 91 or more days

A selection of Wheatfield Single Family Homes for Sale

	3828 Knottingwood Dr Wheatfield, 14120 NY $ 325,000 Built in 2004 2968 sq. feet 5 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B370058 (IDX)
	2817 Thornwoods Dr Wheatfield, 14304 NY $ 269,900 Built in 2001 2790 sq. feet 4 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B368701 (IDX)
	2506 River Rd Wheatfield, 14304 NY $ 267,000 Built in 1955 1698 sq. feet 3 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s) MLS Number: B369144 (IDX)
	3685 Trails End Wheatfield, 14120 NY $ 249,000 Built in 2003 2202 sq. feet 4 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B368901 (IDX)
	7312 Nash Rd Wheatfield, 14120 NY $ 229,500 Built in 1978 2162 sq. feet 3 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s) MLS Number: B370024 (IDX)
	6750 Townline Rd Wheatfield, 14120 NY $ 224,900 Built in 1990 1800 sq. feet 2 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B369329 (IDX)
	7168 Balla Dr Wheatfield, 14120 NY $ 219,900 Built in 1994 1899 sq. feet 3 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s) MLS Number: B369866 (IDX)
	2409 Lake Mead Rd Wheatfield, 14304 NY $ 214,900 Built in 2001 2100 sq. feet 4 Bedrooms, 3 Full Bath(s) , 1 Half Bath(s) MLS Number: B370020 (IDX)
	2120 Cayuga Drive Ext Wheatfield, 14304 NY $ 209,900 Built in 1967 1288 sq. feet 3 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s) MLS Number: B368541 (IDX)
	2244 Katherine Dr Wheatfield, 14304 NY $ 195,000 Built in 1984 1732 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B369701 (IDX)
	7241 Graydon Dr Wheatfield, 14120 NY $ 184,900 Built in 1971 1635 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B369481 (IDX)
	6949 Deborah Ln Wheatfield, 14304 NY $ 169,900 Built in 1992 1459 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B369353 (IDX)
	7288 Nickett Dr Wheatfield, 14120 NY $ 149,900 Built in 1972 1401 sq. feet 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s) MLS Number: B369845 (IDX)
	7620 Arnold Dr Wheatfield, 14120 NY $ 137,900 Built in 1953 1292 sq. feet 3 Bedrooms, 1 Full Bath(s) , 0 Half Bath(s) MLS Number: B369568 (IDX)
	6898 Walmore Rd Wheatfield, 14304 NY $ 123,500 Built in 1960 1120 sq. feet 3 Bedrooms, 1 Full Bath(s) , 0 Half Bath(s) MLS Number: B369485 (IDX)
	6639 Walmore Rd Wheatfield, 14304 NY $ 79,900 Built in 1955 816 sq. feet 2 Bedrooms, 1 Full Bath(s) , 0 Half Bath(s) MLS Number: B368735 (IDX)
	Listings: 1-18 of 18 | new search

Past Market Reports

July 5, 2010

• There are 69 active listings at this time with an average list price of $216,921 ranging from $49,900 to $575,000
• There are 32 pending under contract sales and in the past 30 days there has been a total of 4 closed sales with an average sold price of $197,259 spending an average of 94 days on the market
• YTD there has been 57 closed sales with a average sold price of $184,570 spending an average of 75 days on the market
  • Highest sold – $370,000 – 340 days on the market
  • Lowest sold – $54,900 – zero days on the market
• Let’s look at the same time period in years past:
  • 2009 – 46 sold with an average sold price of $162,202 spending an average of 89 days on the market
  • 2008 – 68 sold with an average sold price of $173,172 spending an average of 67 days on the market
  • 2007 – 56 sold with an average sold price of $152,005 spending an average of 70 days on the market
  • 2006 – 59 sold with an average sold price of $167,841 spending an average of 62 days on the market

June 11, 2010

• There are 68 active listings with an average list price of $212,950 ranging from $49,900 to $575,000
• There are 32 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average closed price of $201,142 spending an average of 38 days on the market
• YTD there has been 52 closed sales with an average closed price of $184,972 spending an average of 73 days on the market
  • Highest closed – $370,000 – 340 days on the market
  • Lowest closed – $54,500 – zero days on the market

May 9, 2010

• There are 64 active listings with an average list price of $196,291 ranging from $49,900 to $575,000
• There are 36 pending/under contract sales and in the past 30 days there has been 11 closed sales with an average closed price of $166,418  spending an average of 74 days on the market
• YTD there has been 37 closed sales with an average closed price of $185,963 spending an average of 86 days on the market
  • Highest closed $370,000 – 340 days on the market
  • Lowest closed $54,500 – zero days on the markt

April 16, 2010

• There are 64 active listings with an average list price of $196,318 ranging from $70,000 to $599,000
• There are 41 pending/under contract sales and in the past 30 days there has been a total of 8 closed sales with an average closed price of $201,000 spending an average of 122 days on the market
• YTD there has been 23 closed sales with an average closed price of $203,701 spending an average of 93 days on the market
  • Highest closed  -  $370,000 -  340 days on the market
  • Lowest closed – $54,500 – zero days on the market

March 10, 2010

• There are 64 active listings with an average list price of $210,086 ranging from $89,900 to $599,000
• There are 5 under contract/pending sales and in the past 30 days there has been 5 closed sales with an average closed price of $221,180 spending an average 119 days on the market
• Year to date there are 13 closed sales with an average closed price of $195,780 spending an average of 87 days on the market
  • Highest closed – $361,000 – 340 days on the market
  • Lowest closed – $54,500 – zero days on the market

February 23, 2010

• There are 70 active listings with an average list price of $203,266 ranging from $89,900 to $599,000
• There are 5 pending/under contract sales and in the past 30 days there has been 2 closed sales with an average closed price of $210,372 spending an average of 94 days on the market
• There has been 8 closed sales Year To Date with an average closed price of $186,155 spending an average of 53 days on the market
• Highest closed – $361,000 – 174 days on the market
• Lowest closed – $54,500 – zero days on the market

January 21, 2010

• There are 63 active single family homes for sale in Wheatfield with an average list price of $208,711 ranging from $95,500 to $599,000
• There are 4 pending/under contract sales and in the past 30 days there has been a total of 6 closed sales with an average closed price of 4201,983 spending an average of 52 days on the market
• In 2009 there were a total of 175 closed sales with an average closed price of $166,465 spending an average of 77 days on the market
  • Highest closed sale – $305,900 – 557 days on the market
  • Lowest closed sale – $8,000 – zero days on the market

December 12, 2009

• There are currently 60 active listings with an average list price of $204,135 ranging from $95,900 to $395,000
• There are currently 6 pending/under contract sales and in the past 30 days there has been 4 closed sales with an average closed price of $152,100 spending an average of 103 days on the market
• Year to date there has been a total of 104 closed sales with an average closed price of $166,075 spending an average of 77 days on the market
  • Highest sold – $287,400 – 557 days on the market
  • Lowest sold $8,000 – 3 days on the market

October 21, 2009

Compared to 2008, the single family home market in Wheatfield has cooled considerably.   At this time last year there were 119 closed sales with an average sold price of $174,986 spending an average of 64 days on the market.   Looking at the same time period in 2007 there was a total of 98 closed sales with an average closed price of $173,499 spending an average of 64 days on the market.   In 2006 there were 97 closed sales with an average closed price of $170,163 spending an average of 57 days on the market.   Current conditions are:

• There are 71 active single family homes with an average list price of $211,214 ranging from $69,900 to $395,000
• There are currently 30 pending/under contract sales and in the past 30 days 8 closed sales with an average closed price of $181,037 spending an average of 78 days on the market
• Year to date there has been 85 closed sales with an average closed price of $166,977 spending an average of 75 days on the market
  • • Highest sold – $287,400 – 557 days on the market
    • Lowest sold – $8,000 – 3 days on the market

September 23, 2009

• There are 69 active listings with an average list price of $210,457 ranging from $54,500 to $599,000
• There are 21 pending/under contract sales and 8 closed sales in the past thirty days with an average closed price of $185,387 spending an average of 82 days on the market
• Year to date there has been a total of 75 closed sales with an average closed price of $164,331 spending an average of 73 days on the market
  • Highest sold – $287,400 – 557 days on the market
  • Lowest sold – $8,000 – 3 days on the market

July 19, 2009

• There are currently 72 active single family listings in Wheatfield with an average list price of $202,425 ranging from $64,900 to $599,000
• There are 10 pending/under contract sales and 8 closed sales in the past 30 days with an average sold price of $171,062 and spending an average of 20 days on the market
• Year to date there has been 49 closed sales with an average closed price of $160,469 which spent an average of 82 days on the market
  • Highest sold – $287,400 – 557 days on the market
  • Lowest sold – $8,000 – 3 days on the market

June 22, 2009

• • There are 86 active listings with an average list price of $204,754 ranging from $17,900 to $599,000
  • There are 6 pending/under contract sales and in the past 30 days there has been 11 closed sales with an average closed price of $155,118 spending an average of 129 days on the market
  • Year to date there has been a total of 41 closed sales with an aveage closed price of $158,403 spending an average of 94 days on the market
  • Highest closed – $287,400 – 557 days on the market
  • Lowest sold – $8,000 – 3 days on the market

May 2, 2009

• As of May 2, 2009 there are currently 71 active single family homes for sale in Wheatfield with an average list price of $203,812 ranging from $17,900 to $599,000
• There are 7 pending/under contract homes for sale
• There has been 4 closed sales in the prior 30 days with an average closed price of $181,225 spending an average of 87 days on the market
• Year to date there are 17 closed sales with an average closed price of $144,926 spending an average of 84 days on the market
  • Highest sold – $287,400 – 226 days on the market
  • Lowest sold – $45,400 – 7 days on the market

March 19, 2009

• As of March 19, 2009 there has been 82 single family homes with an average list price $198,914 ranging from $10,900 to $599,000
• There are currently 7 pending/under contract Wheatfield homes
• Over the prior thirty days there has been six closed sales with an average closed price of $134,721 and spending an average of 68 days on the market
• Year to date there has been a total of 11 closed sales with an average closed price of $126,807 spending an average of 78 days on the market
  • Highest sold – $263,000 – 226 days on the market
  • Lowest sold – $45,400 – 7 days on the market

February 10, 2009

• There are 76 active single family homes for sale in Wheatfield with an average list price of $200,164 ranging from $14,900 to $499,000
• There are currently 7 under contract/pending sales of single family homes
• In the past thirty days there has been a total of 3 closed sales with an average closed price of $112,185
• Year to date in 2009 there has been 4 closed sales with an average closed price of $104,138 and spent an average of $103 days on the market
  • Highest Closed – $156,00 – 226 days on the market
  • Lowest Closed – $55,555 – 29 days on the market

January 25, 2009

• Currently in Wheatfield there are 74 active listings and 7 pending/under contract homes with an average list price of $200,572 ranging from $14,900 to $599,000.
• In the prior 30 days there were 3 closed sales with an average closed price of $120,666 and spending an average of 104 days on the market.
• In 2008 there were 142 closed sales of single-family homes in Wheatfield with an average closed price of $171,151 and spending an average of 67 days on the market
  • Highest Sold – $600,000 (Listed: $679,000) – 295 days on the market
  • Lowest Sold – $9,500 (Listed: $9,900) – zero days on the market

December 20, 2008

As of December 20, 2008 lets look at the sales history year by year comparison.  In the following chart you will find the Year to date and the prior thirty days numbers and the YTD days on the market numbers.

The first thing we find is that Year to date we have had a 129 closed sales in Wheatfield.  Last year we had 113.

Year	# of Sales
2008	129
2007	113
2006	119
2005	119
2004	121
2003	120
2002	128
2001	123
2000	101

2008	Past 30 Days	Year to Date	DOM
# of Sales	1	129
High		600,000	295
Low		35,000	0
Average	130,000	172,700	67
2007	Past 30 Days	Year to Date	DOM
# of Sales	3	113
High	215,000	375,000	360
Low	90,000	25,000	0
Average	147,700	169,400	67
2006	Past 30 Days	Year to Date	DOM
# of Sales	6	119
High	223,000	340,000	365
Low	110,000	39,000	0
Average	175,400	170,000	60
2005	Past 30 Days	Year to Date	DOM
# of Sales	5	119
High	199,500	332,000	179
Low	60,000	45,000	0
Average	149,900	165,500	49
2004	Past 30 Days	Year to Date	DOM
# of Sales	9	121
High	253,000	325,000	515
Low	65,000	28,000	0
Average	173,5000	156,200	60
2003	Past 30 Days	Year to Date	DOM
# of Sales	6	120
High	277,900	277,900	448
Low	18,000	18,000	0
Average	148,300	139,400	54
2002	Past 30 Days	Year to Date	DOM
# of Sales	6	128
High	204,000	265,000	331
Low	91,500	40,000	0
Average	149,900	137,900	70
2001	Past 30 Days	Year to Date	DOM
# of Sales	4	123
High	195,000	251,000	299
Low	61,000	36,900	0
Average	142,500	137,200	69
2000	Past 30 Days	Year to Date	DOM
# of Sales	2	101
High	162,000	220,000	465
Low	152,000	17,000	0
Average	157,000	121,700	73

November 2008 Wheatfield Market Report

Historical Data

Date	# Active	Average List	High List	Low List	# Pending	# Closed last 30 days	Average Closed price
2-Dec	86	$186,136	$599,000	$9,900	0	8	156,912
24-Sep	88	192,490	550,000	18,900	5	15	164,767
28-Jul	92	193,630	599,000	18,900	6	18	190,022
1-Jul	89	209,647	679,000	60,000	4	15	173,572
2-May	88	196,495	679,000	72,900	8	8	185,500
14-Mar	85	202,843	679,000	80,000	1	6	165,173
11-Feb	86	205,295	699,900	80,000	2	6	189,026
14-Jan	74	210,534	599,000	45,900	2

Thinking of selling your Wheatfield 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, just fill out the form below.  View additional WNY Market Area Statistics here.

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Posted in Area Real Estate Market Reports, Wheatfield Homes | 4 Comments »