 Leave a comment »September 2009 Real Estate Market Report for Tonawanda NY
Current Market Conditions
September 20, 2009
- Year to date in 2008 sales totaled 539 closed sales with an average
closed price of $103,139 and spent an average of 47 days on the market
in Tonawanda
- The Absorption Rate
of home in Tonawanda currently is 31 weeks, in July the rate was 11
weeks. In a relatively short period of time it has moved from a Buyers
to a Sellers market in Tonawanda.
- There are 216 active single family homes for sale with an average list price of $124,576 ranging from $24,999 to $950,000
- There are 187 pending/under contract sales and in the past 30 days
there has been a total of 55 closed sales with an average closed price
of $$112,947 spending an average of 35 days on the market
- Year to date there has been a total of 517 closed sales with an
average closed price of $104,063 spending an average of 51 days on the
market
- Highest sold - $490,000 - 459 days on the market
- Lowest sold - $12,000 - zero days on the market
What does this mean for Tonawanda Real Estate Market?
Well homes are on the average taking a little longer to sell, but they
are averaging higher prices than prior years and there are less sales
than prior years at this time. So it is the well priced homes that
are selling. Ones that come onto the market with unrealistic selling
price are staying on the market for longer than they should, but with
correct pricing they are selling quickly.
Selection of Tonawanda Homes For Sale
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- 354 Warren Tonawanda, 14217 NY
- $ 139,900
- Built in 1927
- 1761 sq. feet
- 4 Bedrooms, 2 Full Bath(s) , 1 Half Bath(s)
- MLS Number: B342487
- (IDX)
- OPEN: Sun Sep 20 (1:00pm - 3:00pm)
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