Written by Colleen Kulikowski on 11 June 2010
Each month we compile the numbers for many of the communities of Niagara and Erie Counties. Every once in awhile I like to look at these numbers in a slightly different way, by price range. Looking at sales and listings in a variety of ways assist you in understanding what is happening in the Real Estate market.
Forbes names Buffalo one of the 25 strongest housing markets, yes there are still foreclosures but not like the rest of the country. In fact well priced homes are selling above asking price and with multiple offers. If you are a buyer and you see a home that you like and you know it is priced well and you want the home, you need to bring a good offer or risk the home selling to another savvy buyer.
I hear it on a regular basis from Western New York Buyers: “I want a Great Real Estate deal!” Makes you think of the popular TV game show “Let’s Make A Deal!” There sometimes you get a flashy sports car, and sometimes you left with his and her bicycles or worse. Much like the For Sale by Owners, WNY Buyers that try to go it alone without [...]
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In this report, I used the ranges based on the listing price, all numbers regarding sales are based on the actual sold price of the homes for sale in the listing price point.
Current Market Conditions by Price Range
June 11, 2010 – Western New York – Erie & Niagara Counties
Homes over a Million Dollars
- There are 27 listings in this price range with an average list price of $1,524,474 ranging from $1,090,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been 2 closed sales with an average sold price of $1,182,500 spending an average of 136 days on the market
- Highest closed – $1,425,000 – 238 days on the market
- Lowest closed – $940,000 – 35 days on the market
Homes listed for $751,000 – $999,000
- There are 30 active listings in this range with an average list price of $862,103 ranging from $759,000 to $995,000
- There is one pending/under contract sale and no closed sales in the past 30 days
- YTD there has been one closed sale for $815,000 after 103 days on the market
Homes listed for $501,00 – $750,000
- There are 130 active listings with an average list price of $611,330 ranging from $550,000 TO $749,900
- There are 10 pending under contract sales at this time and in the past 30 days there has been 7 closed sales with an average closed price of $608,428 spending an average of 100 days on the market
- YTD there has been 23 closed sales with an average closed price of $585,686 spending an average of 81 days on the market
- Highest closed – $735,900 – 301 days on the market
- Lowest closed – $519,900 – zero days on the market
Homes Listed for $251,000 – $500,000
- There are 695 active listings with an average list price of 339,391 ranging from $253,500 to $600,000
- There are 217 pending/under contract sales with 48 closed sales in the past thirty days with an average sold price of $302,117 spending an average of 60 days on the market
- YTD there has been 224 closed sales with an average sold price of $308,074 spending an average of 72 days on the market
- Highest closed – $490,000 – 292 days on the market
- Lowest closed – $155,000 – zero days on the market
Homes listed for $151,000 – $250,000
- There are 1023 active listings with an average list price of $198,063 ranging from $151,900 to $300,000
- There are 512 pending/under contract sales and in the past 30 days there has been 134 closed sales with an average sold price of $187,797 spending an average of 59 days on the market
- YTD there has been 599 closed sales with an average closed price of $187,037 spending an average of 67 days on the market
- Highest closed – $255,000 – 510 days on the market
- Lowest closed – $130,000 – zero days on the market
Homes listed for $51,000 – $150,000
- There are 1,712 active listings with an average list price of $104,279 ranging from $51,000 to $200,000
- There are 1,224 pending/under contract sales with
- YTD there has been 1,579 closed sales with an average sold price of $100,747 spending an average of 67 days on the market
- Highest closed – $177,500 – 569 days on the market
- Lowest closed – $34,000 – zero days on the market
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- 153 E Morris Ave Buffalo, 14214 NY
- Value Range Pricing: $ 139,999 to $ 150,000
- Built in 1953
- 2336 sq. feet
- 5 Bedrooms, 2 Full Bath(s) , 0 Half Bath(s)
- MLS Number: B351550
- (IDX)
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Homes listed under $50,000
- There are 563 active listings with an average listing price of $34,027 ranging from $5,900 to $70,000
- There are 210 pending/under contract and in the past 30 days there has been 56 closed sales with an average sold price of $26,022 spending an average of 73 days on the market
- YTD there has been 380 closed sales with an average sold price of $26,161 spending an average of 78 days on the market
- Highest closed – $68,016 – 534 days on the market
- Lowest closed – $575 – zero days on the market
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- 122 70th St Niagara Falls, 14304 NY
- Value Range Pricing: $ 49,900 to $ 56,900
- Built in 1920
- 1306 sq. feet
- 2 Bedrooms, 1 Full Bath(s) , 0 Half Bath(s)
- MLS Number: B364239
- (IDX)
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- 28 Mayer Buffalo, 14207 NY
- $ 49,900
- Built in 1920
- 1204 sq. feet
- 3 Bedrooms, 1 Full Bath(s) , 1 Half Bath(s)
- MLS Number: B341788
- (IDX)
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Past Market Reports
March 17, 2010 – Western New York – Erie & Niagara Counties
Homes over a Million Dollars
- There are 27 active listings with an average list price of $1,592,111 ranging from $1,090,000 to $2,500,000
- There is one pending/under contract and no closed sales in the past 30 days
- YTD 1 closed sale for $940.000 after spending 238 days on the market
Homes listed for $751,000 – $990,000
- There are 27 active listings in this range with an average list price $865,814 ranging between 775,000 to $999,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been one closed sale for $815,000 spending 103 days on the market
Homes listed for $501,00 – $750,000
- 108 homes in this price range with an average list price of $611,802 ranging from $509,000 to $749,900
- There are 2 pending/under contract sales and in the past 30 days there has been 3 closed sales with an average closed price of 587,966 spending an average of 55 days on the market
- YTD there has been 8 closed sales with an average closed price of $559,612 spending an average of 61 days on the market
- Highest closed – $735,900 – 129 days on the market
- Lowest closed – $450,000 – zero days on the market
Homes Listed for $251,000 – $500,000
- 938 active listings in this range with an average list price of $301,102 ranging from $203,990 to $600,000
- There are 48 pending/under contract sales and in the past 30 days there has been 47 closed sales with an average closed price of $275,387 spending an average of 104 days on the market
- YTD 136 closed sales with an average closed price of $269,351 spending an average of 75 days on the market
- Highest closed – $480,000 – 510 days on the market
- Lowest closed – $180,000 – zero days on the market
Homes listed for $151,000 – $250,000
- 597 homes for sale with an average list price $177,870 ranging from $151,900 to $240,000
- There are 38 under contract/pending sales and in the past 30 days there has been 36 closed sales with an average closed price of $169,186 spending an average of 51 days on the market
- YTD there has been 127 closed sales with the average closed price of $169,274 spending an average of 73 days on the market
- Highest closed $205,000 – 505 days on the market
- Lowest closed $130,000 – zero days on the market
Homes listed for $51,000 – $150,000
- There are 1,591 active listings ranging from $51,000 to $200,000
- There are 179 under contract/pending sales and in the past thirty days there has been 160 closed sales with an average closed price of $97,263 spending an average of 82 days on the market
- YTD there has been 458 closed sales with an average closed price of $97,660 spending an average of 60 days on the market
- Highest closed – $158,000 – 484 days on the market
- Lowest closed – $40,000 – zero days on the market
Homes listed under $50,000
- There are 522 active listings with an average list price of $34,352 ranging from $3,316 to $80,000
- There are 60 pending/under contract sales and in the past 30 days there has been
- YTD ther has been 143 closed sales with an average closed price of 25,430 spending an average of 82 days on the market
- Highest closed – $68,016 – 511 days on the market
- Lowest closed – $3,000 – zero days on the market
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Tags: Buffalo NY, Erie County, homes, market reports, Niagara County, real estate, single-family homes
Posted in Area Real Estate Market Reports, Erie County, Niagara County | Comments Off
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